short sale: Lenders Now More Inclined to Accept Short Sale Proposals - 07/21/11 09:08 AM
It is a fact the foreclosure mess was the result of unscrupulous lending practices. Unfortunately, it did not stop there as federal regulators continue to investigate allegations of illegal foreclosures and penalize lenders who are found guilty.
 
 
With such heat experienced by the banks to make sure they are following proper and legal foreclosure process, it is not surprising why many have become more accepting of short sale proposals.
 
Short sale transactions used to be looked at by some banks with skepticism, thinking the homeowners are only trying to get out of their mortgage obligations by … (0 comments)

short sale: Short Sale: Helping Stabilize the Housing Market - 07/21/11 09:08 AM
When you hear about a short sale, what usually come into mind are distressed homeowners looking for a way out of their mortgage problems. But these days, short sales have fast become the solution to the enduring crisis in the housing industry.
News reports involving foreclosure statistics are showing an increasing number of short sale transactions. Most markets hit hard by the mortgage mess are actually enjoying an improved home sales activity with short sale homes accounting for almost half the total sales.
Such data only goes to show two things — investors and home buyers are taking full advantage of the … (0 comments)

short sale: Short Sale – Your Best Way Out - 06/18/11 01:36 AM
 
It is indeed funny to think that years ago most people had not heard of a short sale transaction. It was something homeowners were not familiar with. Even Realtors and lenders for that matter rarely encountered these transactions in their daily work. Lately,  short sale transactions are getting more and more popular especially amongst distressed homeowners.

Of course, this should not be surprising. Short sales remain the best foreclosure alternative out there for homeowners who:
- Are underwater or owe more in mortgage debt
- Are on the brink of mortgage default and did not qualify for a … (1 comments)

short sale: Underwater Homeowners Worried About Dropping Home Prices - 06/09/11 04:48 PM
Bad news concerning the housing market is certainly everywhere.

For starters, a report from S&P/Case-Shiller showed home prices declining by 4.2 percent during the first quarter of 2011. High unemployment rate is also driving more homes into foreclosure while job growth remains tepid. The number of foreclosure properties is at 2.25 million and at least 1.8 million homes are on the verge of foreclosure.
 
There is good news from time to time. Mortgage rates may be low but some people choose to rent because they cannot afford a home while others are just waiting for things to get … (4 comments)

short sale: Revisiting Short Sale Basics - 06/01/11 02:12 PM
If you check the news lately, you cannot help but see how distressed properties sales are getting a hefty share of the market. In fact, for the first quarter of 2011, 28 percent of the total home sales activity involved properties in distress including short sale.
For those of you who are thinking of investing in real estate and attracted to the benefits offered by short sale homes, you should at least refresh your memory with these short sale basic information.
Who Dictates the Sale Price?
The price of the property is actually the amount agreed by both the seller and … (0 comments)

short sale: Let’s face it, How Many of Our Problems Can Be Solved by Outside Agencies? - 01/11/11 11:07 AM
For troubled residents of Miami-Dade County, good news has come early this New Year. The county has approved the program expansion of its mediation management center, Collins Center for Public Policy. The state-mandated process of mediation will now be including homeowners who are having trouble keeping up with their mortgage payments but have still managed to keep payments updated.
According to the program director, helping homeowners before there is a legal case filed against them by their lender is certainly easier on the part of the mediation center. By bringing both the borrower and lender to the table as soon in … (0 comments)

short sale: Choosing a Florida Short Sale over Foreclosure - 10/13/10 12:58 PM
Considering the significant decline in home market values as well as the enduring problem of high unemployment rates statewide, it is not surprising why a lot of homeowners have thrown in the towel and accepted the sad fact a foreclosure or bank repossession is imminent. Others, who are considering a Florida short sale, on the other hand, are hesitant because of the stress of getting your proposal approved.
Despite this, homeowners in Florida should realize there are unique state laws, rules or regulations which make a short sale the better option compared to a foreclosure. One of these is the deficiency … (1 comments)

short sale: Short Sales Benefit All Parties Involved But Takes Too Long - 10/05/10 07:19 AM
The sheer volume of properties entering some stage of foreclosure has made short sale the best option for most distressed homeowners. A transaction in which the seller/owner and the lender agrees on a selling price for the property that is not enough to cover the mortgage balance.
All parties involved benefit from such an agreement. The seller avoids a foreclosure, the lender saves more money and will not have to worry about adding to their inventory of repossessed properties and the buyer gets to enjoy a great deal. Time and again, it was proven it is an attractive solution but you … (1 comments)

short sale: Staging Tips for Florida Short Sale Sellers - 09/24/10 10:45 AM
One of the challenges that sellers of Florida short sale properties face is attracting the right kind of buyer. Many distressed homeowners make the mistake of thinking because they are in a tight situation they do not need to impress homebuyers. You will be surprised to know that most home buyers base their decision on how the home looks, inside and outside.
If you are serious about finding a buyer for your home in order for you to proceed with the short sale transaction, you should make an effort to stage your home especially in the current market. There are literally … (0 comments)

short sale: Beware of Fraudulent Short Sales - 09/13/10 02:45 PM
According to a report issued by the financial consultation company CoreLogic, the growing popularity of short sales as a solution to stop foreclosure gave birth to a new breed of fraud. Because of the rising number of fraudulent short sales, real estate analysts and experts are worried it could affect the industry’s effort to address the high foreclosure rate problem.
Short sales have been known to benefit not only homeowners but lenders as well since they are cheaper than a foreclosure. Even the government realized the benefits of such transaction and created incentives for both parties involved. Based on records, short … (4 comments)

short sale: Be Careful When Seeking Florida Foreclosure Assistance - 08/31/10 04:20 PM
Owning a home is considered to be one of the American dreams. Unfortunately, a considerable number of homeowners has fallen victim to mortgage fraud and realized too late their dreams have turned into one of the worst nightmares of their lives.
A crackdown, which required seven months of planning and involved several government agencies, resulted in the charging of 86 people of mortgage fraud amounting to $76 million. The accused included real estate brokers, mortgage brokers, title attorneys, straw buyers and loan processors.
Named “Operation Stolen Dreams”, the said sweep was done in coordination by the Financial Fraud Enforcement Task Force … (0 comments)

short sale: Esplanade Grande West Palm Beach Florida - 06/11/08 04:44 AM
The Esplanade Grande is a 62 unit luxury condominium highrise in downtown West Palm Beach. Superbly located on Flagler Drive each unit has magnificent views of the intracoastal, Palm Beach and the Atlantic Ocean and is just steps to Clematis street and many premier restaurants and shops. Each unit in Esplanade Grande was richly appointed with granite countertops, marble floors, private elevator foyers and the highest quality of fixtures. To live at Esplanade Grande is to discover absolute comfort, an unerring sense of quality, and a level of service that is truly inspired. From your own richly appointed residence to the … (1 comments)

short sale: The Strand West Palm Beach Condos - Intracoastal Views - 06/11/08 04:21 AM
The Strand West Palm Beach. Located on Evernia Street downtown with a location that boasts spectacular views of the intracoastal and Palm Beach. Prices range from the low $200's to over $700,000.
Few residences can match the exceptional offerings of The Strand. Located in West Palm Beach, at the water's edge and just off the coast of famed Palm Beach, residents enjoy spectacular 180° Intracoastal, Palm Beach skyline, and ocean views. But The Strand is about more than just breathtaking views and terrific building amenities. It is a way of life.
Features and Amenities Included Amenities at The Strand:
Palm Beach … (0 comments)

short sale: Why it's a good time to buy in Florida? What major media does or does not report. - 05/13/08 01:56 AM
I have started to save articles that come across my desk. If you are on the fence on whether or not to buy maybe these articles will help. I will continue to add more articles as I see them. Please note some links may expire.
6/9/08 Bank owned homes and condos means amazing deals - Need help finding a short sale or bank owned property?
6/9/08 National Association of Realtors reports home sales increase - Again an increase in home sales means things are starting to turn around.
6/4/08 Confirmation no more rate cuts - Looks like we hit the wall...for … (1 comments)

 
Jared Dalto, Market Flow (The Palm Beach Group)

Jared Dalto

Market Flow

Boca Raton, FL

More about me…

The Palm Beach Group

Office: (561) 533-9797

Email Me

Real estate in Florida is ever changing so to keep up with the times please frequent this blog. At the forefront of our market right now are short sales. As a Realtor in Florida I have been working with those who need to sell their homes as a short sale.


Links

Archives

RSS 2.0 Feed for this blog