bank owned: What is a 'Short Sale'?
- 08/08/12 11:59 PM
I'm often asked 'What is a Short Sale'? Most people that ask think that it relates to the time it takes to sell; the time frame is 'Short' not 'Long'! It actually has nothing to do with the time it takes for the sale to take place. It can often times be a long journey to take but, surprisingly, can also go rather quickly if you have the proper paperwork in place when it comes time to submit the request.A 'Short Sale' is a sale that takes place when a mortgage lender, usually a Bank, agrees to accept less to settle … (0 comments)
bank owned: Simple Consumer Guide to Understanding Foreclosures and Short Sales
- 03/12/10 05:02 AM
As a buyer you may be wondering if it is really worth your time to pursue a distressed property. Foreclosures and Short Sale Homes continue to be the hot topics these days. Purchasing one of these proerties can present multiple challenges that is not found when closing on a typical home. Is it really worth your time? You will need a lot of patience as these can range from being a big time fixer upper to being in great condition. They can also receive multiple offers which drives up the price and take a long time to close. It's also quite … (1 comments)
bank owned: Florida Real Estate is a Steal!
- 01/01/10 07:39 AM
It's amazing to see the value in homes in FL today versus several years ago. A friend of mine contracted on a condo in FL that sold 4 years ago to an investor for $1,250,000. The investor had financed $1,000,000 and never occupied the home. This past Fall the home closed at $550,000. The bank took a bath on over $500,000 in mortgage principle "fogiven", back real estate taxes, back association fees, Realtor commissions, attorney fees, etc. If you are interested in Florida Real Estate as an investment this year, please contact me at the number below. I will set you … (5 comments)
bank owned: Bank of America - REO Properties - Insiders Information To Help With Your Offers
- 12/15/09 12:03 PM
I had a client today that identified a property recently foreclosed by Bank of America. He asked me to find out how he could place a cash offer on it before it came to market. I have several contacts at Bank of America so I went directly to the source to find out. The information I received could be useful to those Realtors who have not yet experienced working directly with the Bank on an REO property. Here is the answer from the representative at Bank of America: "After we acquire a property though the judicial process and are issued a … (2 comments)
Our experience with Randy as a realtor was great! He was very pleasant and made the challenge of finding a home enjoyable. Randy was very responsive ... more
5.0/5.0
by user656624
620599
Randy was great to work with. He helped us every step of the way. He has great knowledge of the lending and closing process and was very helpful in ... more
I'm often asked 'What is a Short Sale'? Most people that ask think that it relates to the time it takes to sell; the time frame is 'Short' not 'Long'! It actually has nothing to do with the time it takes for the sale to take place. It can often times be a long journey to take but, surprisingly, can also go rather quickly if you have the proper paperwork in place when it comes time to submit the request.A 'Short Sale' is a sale that takes place when a mortgage lender, usually a Bank, agrees to accept less to settle … (0 comments)
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