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)

 
Troy Funk, Broker / Associate (Allison James Estates & Homes, Sarasota  941-957-3737)

Troy Funk

Broker / Associate

Sarasota, FL

More about me…

Allison James Estates & Homes, Sarasota 941-957-3737

Address: 630 S. Orange #102, Sarasota, FL, 34236

Office: (941) 957-3737

Fax: (941) 870-9294

Email Me

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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