sarasota bankruptcy: Are Loan Modifications Just A Big Waste Of Time?
- 01/28/11 02:41 AM
Sarasota, FL - It seems that most of the homeowners that come to me that want to complete a short sale are the result of a loan modification attempt that failed. Yet, even during the process of trying to complete a short sale it is common for the seller to be approached or re-approached by their lender to attempt to complete a loan modification. As a result, I am consistently being asked if I recommend that a homeowner complete a short sale instead of attempting to complete a loan modification. Of course, that is not a decision I can make or … (1 comments)
sarasota bankruptcy: Foreclosure and Alternatives to Foreclosure - what are the Pitfalls?
- 01/13/11 03:58 PM
Sarasota, FL - Facing foreclosure can be overwhelming and "walking away" from your property may seem like the easy answer, if you are unable to locate a cash buyer to buy your property quickly and at a price you need to sell for. There are alternatives to foreclosure, however their are also pitfalls to consider as well. Bankruptcy Pitfalls - • A repayment plan in a bankruptcy may be higher than if a homeowner had eliminated the negative debt through a Short Sale. Bankruptcy is not always the cheapest way out. • With bankruptcy, you are losing the opportunity cost of having good credit up to … (1 comments)
sarasota bankruptcy: Sarasota, FL - Facing Foreclosure? Before you file Bankruptcy ... read this
- 01/12/11 03:41 AM
Usually when someone talks to a bankruptcy attorney, they will be advised to file bankruptcy; however this might not be the best option when other alternatives are available. Many homeowners facing foreclosure are under so much stress, they are usually looking for a quick way out; however Bankruptcy may not be their best option. Why? Because bankruptcy is not just a legal matter, it is a financial matter that should also be discussed with a qualified CPA. Many times homeowners file bankruptcy without exploring all the other possible options to bankruptcy that could have a better outcome to their overall financial recovery. … (1 comments)
sarasota bankruptcy: Should I complete a Short Sale even if intend to file Bankruptcy?
- 12/30/10 08:10 AM
Many Sarasota, Florida homeowners that are facing a pending Foreclosure are under the misconception that a Bankruptcy will make all their financial problems go away pertaining to a property that is going into foreclosure. However, this is not necessary true. Let's assume that a homeowner owns a property where the mortgage balance is more than what their property is worth and the homeowner does not want to own the property any longer. Filing a Chapter 7 Bankruptcy on their over-mortgaged property to surrender their property and avoid a deficiency judgment may seem like the quick and easy way out. However, the … (1 comments)
sarasota bankruptcy: Why to Short Sale, Before Bankrupty in Sarasota, Florida
- 12/06/10 07:38 AM
Many Sarasota, Florida homeowners that are facing a pending Foreclosure are under the misconception that a Bankruptcy will make their financial problems go away pertaining to a property that is going into foreclosure. However, this is not necessary true. Let's assume that a homeowner owns a property where the mortgage balance is more than what their property is worth and the homeowner does not want to own the property any longer. Filing a Chapter 7 Bankruptcy on their over-mortgaged property to surrender their property and avoid a deficiency judgment may seem like the quick and easy way out. However, the … (1 comments)
sarasota bankruptcy: Short Sale Before Bankruptcy? .. Something to Consider
- 11/18/10 06:45 AM
As a Short Sale Real Estate Broker with Keller Williams Realty in Sarasota, Florida my Team (www.TroyFunk.com) specializes in representing sellers facing foreclosure to complete a Short Sale. Our Team has handled over 100 bank-negotiated sales in the Sarasota, Florida real estate market in less than a year. With approximately 70% of the Real Estate Sales in our Multiple Listing Service being Bank-Owned or Short Sales in the Sarasota, FL marketplace, we are extremely busy. Recently we obtained a conditional, Short Sale Approval on one of our listings, where the seller's lender expected the seller to sign a promissory note for … (3 comments)
Short Sales in Sarasota & Foreclosures in Sarasota - Sarasota Real Estate for Sale & Information for Homeowners Facing Foreclosure - by Sarasota Short Sale Expert & Real Estate Agent Troy Funk, CDPE, SFR, who has helped many homeowners successfully stop foreclosures with short sales in Sarasota, Florida.
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