lakeland fl short sales: A Typical Work Day Of A Lakeland FL Short Sale Agent
- 09/08/11 02:54 PM
A Typical Workday Of A Lakeland FL Short Sale Agent
Besides the traditional side of marketing and selling a short sale, the key ingredient to a successful closing is patience, negotiation skills, and being detail oriented. However, one must have their best interest in mind when it comes to working on a Lakeland FL short sale for their seller. To be authorized to act and negotiate on behalf of my sellers, the seller has to sign a third-party authorization letter.
The other day I received an email from one of my readers asking me what kind of work is involved as a short sale … (2 comments)
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lakeland fl short sales: Lakeland FL Short Sale and Foreclosure Market Report – July 2011
- 09/03/11 10:26 AM
Lakeland FL Short Sale and Foreclosure Market Report – July 2011
For the month of July, the Lakeland real estate market of short sales and bank-owned (REO) properties have dropped well below the normal numbers of recent months.
There were a total of only 69 distressed homes sold that were in some kind of distress, compared to the 118 homes the previous month and 106 home the previous year.
Current inventory for Lakeland foreclosures as of 9/03/11 is at 69, while 84 homes currently are under contract and awaiting closing.
What are the price ranges, buyers and investors are most interested?
Lakeland … (4 comments)
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lakeland fl short sales: Fair Market Value Pricing Makes Sense When Short Selling Your Lakeland FL Home
- 08/23/11 03:48 PM
Fair Market Value Pricing Makes Sense When Short Selling Your Lakeland FL Home
It is essential to price a Lakeland FL short sale at fair market value and not to price the home based on your mortgage balance unless you have the additional funds to bring to closing because there is no buyer out there who would pay for the house as much as you paid back in 2006. Let me explain to you why it would make sense to price your Lakeland FL Short Sale at fair market value.
Lenders have an idea what the home's fair market value is and even … (3 comments)
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lakeland fl short sales: How Many Lakeland FL Short Sales Are Closing?
- 08/20/11 08:45 AM
How Many Lakeland FL Short Sales Are Closing?
At one of my recent listing appointment with a distressed homeowner, they asked me how many short sales in Lakeland Florida are closing because we always hear the horror stories in the news, from family and friends.
There are currently 1741 homes that are actively being marketed and pending. They are single family homes, condos, villas, town-homes and duplex units. Of those 1741 homes, only 625 homes are short sales, which calculates to only 36%. Of the 625 Lakeland Fl Homes that are short sales, 34 are listed “active with contract”. An active with contract has at least … (2 comments)
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lakeland fl short sales: Short Sale! Lakeland FL Home for Sale - Manufactured Home - Double Wide
- 08/08/11 07:53 AM
Short Sale! Lakeland FL Home for Sale - Manufactured Home - Double Wide … (4 comments)
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lakeland fl short sales: Lakeland FL Short Sale - Writing A Hardship Letter - How To Video
- 08/05/11 04:28 PM
Lakeland FL Short Sale - Writing A Hardship Letter - How To Video
There are so many homeowners today that struggle financially. They hopefully turn to an experienced real estate agent who can guide them through the maze of documents that is required to get a Lakeland FL Short Sale approved. Of all the documents that a homeowner must have, the most important one is the short sale hardship letter.
For some folks it is easy to write a letter and for some homeowners, they simply have a very hard time writing a hardship letter to short sale their home because they … (4 comments)
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lakeland fl short sales: Lakeland FL Short Sale and Foreclosure Market Report – June 2011
- 07/28/11 04:27 AM
Lakeland FL Short Sale and Foreclosure Market Report – June 2011
For the month of June, the Lakeland real estate market of short sales and bank-owned (REO) properties remained the same from the previous month. There were a total of 118 distressed homes sold.
Lakeland Florida overall market share for short sales and foreclosures that were sold remains high at 54% compared to traditional sales, according to Mid-Florida Regional MLS.
Current inventory for Lakeland foreclosures as of 7/28/11 is at 73, while 103 homes currently are under contract and awaiting closing. Of the 75 foreclosure homes that were sold, most of the homes sold, have sold … (3 comments)
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lakeland fl short sales: Lakeland FL Short Sale - To Steal Or Not to Steal!
- 06/14/11 11:29 AM
Lakeland FL Short Sale - To Steal Or Not to Steal!
Fellow short sale agent, Tni LeBlanc wrote an excellent article about buyers trying to include the couch in a short sale offer from a distressed seller. Today I want to talk a little bit about homeowners who are in distress trying to sell their home as a short sale, while asking themselves "to steal or not to steal". When the housing boom occurred, most homeowners who are now underwater bought and financed their homes with little or no money down. Some have built their homes furnished with all appliances, washer, dryer, and fixtures. During the … (1 comments)
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lakeland fl short sales: Successful Lakeland FL Short Sale Closing
- 06/13/11 02:27 PM
Successful Lakeland FL Short Sale Closing - A Relieved Seller
I'm happy to report another Lakeland FL Short Sale that closed successfully today with the help of Florida Real Estate Attorney Richard Zaretsky and his outstanding team. I was contacted December 2010 by the property owner who just got laid off. He found me through the many articles I have written on Active Rain about Lakeland FL Short Sales. We talked lengthy about his situation when I visited his home. It was clear to me that his home was in need of repairs and certainly needed some cleaning to show. The owner expressed to me … (6 comments)
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lakeland fl short sales: Lakeland FL Short Sales - I Owe At Least Twice As Much What My Home Is Worth
- 05/24/11 12:42 PM
Lakeland FL Short Sales - I Owe At Least Twice As Much What My Home Is Worth
In Polk County and in cities like Lakeland FL when homes where built around 2004, 2005 and 2006 the value of these homes today has plummeted at least twice the value of what they were in the housing boom. I have been asked by homeowners who are faced with such a dilemma and are so underwater, every time when considering a Lakeland FL Short Sale: Is my bank going to approve my Lakeland FL Short Sale even if I owe twice as much or more … (3 comments)
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lakeland fl short sales: Lakeland FL Short Sale and Foreclosure Market Report – April 2011
- 05/22/11 09:37 AM
Lakeland FL Short Sale and Foreclosure Market Report – April 2011
For the month of April, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold increased to 58.60% from the previous month. There were a total of 126 distressed homes sold, an increase from the previous months and 116 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.
Average days to Closing for bank-owned properties are 146 days
Average days to … (1 comments)
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lakeland fl short sales: Why Should A Real Estate Attorney Negotiate Your Lakeland FL Short Sale?
- 05/18/11 10:53 AM
Why Should A Real Estate Attorney Negotiate Your Lakeland FL Short Sale?
Stories like this are very common after you sold your Lakeland FL home as a short sale. The bank is calling you after the closing asking how are you planning to repay the canceled debt.
Just the other day I received an email from a potential short sale seller asking me if they really need an attorney to handle their short sale negotiations. As a Lakeland FL short sale agent, it is in the best interest of the potential short sales seller … (4 comments)
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lakeland fl short sales: FREE ATTORNEY REPRESENTATION IN SHORT SALE OR LOAN MODIFICATION
- 05/18/11 01:43 AM
Attention Lakeland FL Homeowners who think they are getting "Free Attorney Representation in Short Sales"! Read your agreement very carefully, there is no such thing as free attorney representation.
Richard, who puts it so eloquently in this easy to understand article that an attorney who represents you, the homeowner, in a short sale situation is not free.
When homeowners call or email Lakeland FL Short Sale agents, you will get my recommendation to seek legal advice of a competent, experienced board certified real estate attorney, such as Richard P. Zaretzsky, esq.
I still see real estate brokers and even some … (0 comments)
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lakeland fl short sales: Lakeland FL Short Sales - What is a Short Sale?
- 05/09/11 10:32 AM
Lakeland FL Short Sales - What is a Short Sale?
The most common question I get from consumers when they inquiry about a home in Lakeland FL or they come across one of my articles about Short Sales: What is a s Short Sale?There is still a lot of misinformation you might have heard from friends, family and co-workers about short sales about short sales. I want to be upfront with you and make sure you understand that I am not an attorney and t hat I do not give legal advice and this article is for informational purpose only. … (1 comments)
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lakeland fl short sales: Lakeland FL Short Sale - Should I Continue Making a Mortgage Payment?
- 05/09/11 01:05 AM
Lakeland FL Short Sale - Should I Continue Making a Mortgage Payment?There are quite a few myths floating around with regard to making mortgage payments when considering doing a short sale on your Lakeland FL home. One of them is that you do not need to be in default with your lender in order to do a short sale.While I am not a lawyer and can’t give you legal advice, I am well versed in Lakeland FL Short Sales and this question when asked should be answered by a real estate attorney who specializes in foreclosures and short sales. Making your … (3 comments)
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lakeland fl short sales: Lakeland FL Short Sale and Foreclosure Market Report – March 2011
- 04/27/11 05:25 AM
Lakeland FL Short Sale and Foreclosure Market Report – March 2011
For the month of March, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold decreased to 54.18% from the previous month. There were a total of 123 distressed homes sold, an increase from the previous months and 129 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.
Average days to Closing for bank-owned properties are 142 … (0 comments)
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lakeland fl short sales: Lakeland Florida Short Sale and Foreclosure Market Report – February 2011
- 04/05/11 02:20 AM
Lakeland Florida Short Sale and Foreclosure Market Report – February 2011
For the month of February, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold decreased to 67.46% from the previous month. There were a total of 114 distressed homes sold, the same as January 2011 and 89 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
The Graph below compares sold homes in all categories – Traditional Sales (None Distressed), Lakeland Foreclosures (REO) and Lakeland Short Sales.
Average days to Closing for bank-owned properties are 124 days
Average … (0 comments)
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lakeland fl short sales: Bayview Loan Servicing Approved Lakeland FL Short Sale - Sold!
- 03/05/11 04:49 AM
Bayview Loan Servicing Approved Lakeland FL Short Sale - Sold! I was contacted last August by the homeowner and Bayview Loan Servicing to get this home listed as a Lakeland FL Short Sale as quickly as possible. The home is located on Huntington Street, a block away from the beautiful Lake Hollingsworth neighborhood and was in need of some TLC. Soon thereafter I had an accepted contract, however for no reason other than personal reason the buyer walked after I notified the buyer's agent that the short sale was approved in November. During the time the home was back on the market, … (3 comments)
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lakeland fl short sales: Lakeland Florida Short Sale and Foreclosure Market Report – January 2011
- 02/25/11 07:36 AM
Lakeland Florida Short Sale and Foreclosure Market Report – January 2011
For the month of January, the Lakeland real estate market of short sales and bank-owned (REO) properties that were sold increased to 67.46% from the previous month. There were a total of 114 distressed homes sold, compared to 119 in December and 87 distressed Lakeland homes sold the year prior, according to Mid-Florida Regional MLS.
Currently there are a total of 1760 Lakeland FL homes for sale and 557 homes under contract (02/25/2011). In order to get true market share, I calculated the total inventory; active and homes that are under … (0 comments)
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lakeland fl short sales: Lakeland FL Short Sale - What is an Approved Short Sale?
- 02/15/11 08:41 AM
Lakeland FL Short Sales - What is an Approved Short Sale?
Chances are after hours of looking online searching for Lakeland FL homes for Sale, like 87% of all home buyers in the United States, you most likely came across of homes that states “Approved Short Sale”.
Showing homes to my clients in Lakeland FL that are short sales is quite common these days, but it always throws my buyers a curve ball when it states “Approved Short Sale” followed by an immediate question:
What is an approved short sale?
An approved short sale is established when the listing agent and lender have already completed the paper … (10 comments)
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A Typical Workday Of A Lakeland FL Short Sale Agent
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