reo: SUPPLY UP! DEMAND DOWN! Let's Build More Homes and Ruin the Wealth of Palm Beach County's Citizens! - 07/19/08 03:38 PM
I just received an email that was asking the following.....
 
I'm looking for anyone who has evidence of, or experience with, any "buy & bail" transactions.  Those would be transactions whereby someone purchased a new home at today's discounted price then stopped making payments on their prior residence which had them in a negative equity position.
ABC-TV News wants to do a story on how the brand new lending guidelines restrict people from being able to pull off the "buy & bail".  It's not an expose style article and no one will be expected to incriminate themselves in any manner.  We're looking for … (2 comments)

reo: Part 4 - Bank Owned Property for Sale in Palm Beach County at a Deeply Discounted Price! - 04/24/08 03:03 PM
Part 4 - Bank Owned Property for Sale in Palm Beach County at a Deeply Discounted Price! Don't Miss this ONE! Elevator Condoin Gated Community on the Intra-Coastal Waterway,,,just North of Blue Heron in Riviera Beach, overlooking Singer Island in Palm Beach County!2 Bedroom, 2 Bath, Condo in Move-In Condition!Speaks of 2nd Home, On the Water, and a Snowbird's Haven!The VIEWS from this Condominium in Wilshire West Condo Apartments are FANTASTIC!
 
It is Freshly Painted in a Tropical Color and has Lovely Tiled Floors!Price and Location will sell this roughly 1,050 Square Feet Gem!The Balcony has been enclosed! Take a … (1 comments)

reo: Do I Qualify to Sell My Property as a SHORT SALE? - 03/27/08 05:54 PM
I need to make sure at least one item is fully defined in my previous post. I had mentioned in my previous post: "If a seller qualifies for a Short Sale, then it doesn't matter how much is owed. " A Seller REALLY Qualifies for a Short Sale if the Seller is DESTITUTE. In other words, if the Seller Has, a Combination of, ANY OF THE FOLLOWING: No Income AND has No Savings AND has No Other Resources, AND owes Unfathonable Amounts of Money, AND is able to Declare Bankruptcy in a New York Minute, AND it is not due to … (1 comments)

reo: Shamelessly Blowing My Own Horn! CAN'T BE TRUE! - 03/26/08 04:00 PM
I have been a Real Estate Agent in Virginia Beach, Virginia for 3 years in the past. I have been a Real Estate Investor from 2001 to 2006 without being a Licensed Real Estate Agent. I know a lot about buying and selling homes, stopping foreclosures in a non-judicial foreclosure state, forbearance agreements, reinstating loans, short sales, dealing with the Loss Mitigation Department at Mortgage Companies/Banks, equity sharing, contracts for deeds, dealing with people in financial harships as well as people living the good-life. I have invested in Residential (Single Family, Townhomes, and Condos), Multi-Family, and Commercial Properties. I know about Hard … (0 comments)

reo: SHORT SALE QUESTION - HOW MUCH IS OWED ON THE PROPERTY? Discussion to follow. Please add to the Discussion! - 03/26/08 03:13 PM
SHORT SALE QUESTION - HOW MUCH IS OWED ON THE PROPERTY? How much can be negotiated on a Short Sale?
I am most curious about the first part of this question. More than a couple of folks I have talked to about purchasing properties that required a "Short Sale" has asked "How much is owed?" I cannot figure out why they are asking that question. Can the folks here enlighten me? If a seller qualifies for a Short Sale, then it doesn't matter how much is owed!!! If the seller CANNOT MAKE PAYMENTS (to any of the following: HOA, Condo Association, IRS, County Taxes, … (1 comments)

 

Steven Wood

Jupiter, FL

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Advanced Realty Services, Inc

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