Real estate blog entries tagged with wellington florida short sales by Katerina Gasset, Amplify Your Real Estate & Life Dreams! (The Gasset Group & Get It Done For Me Virtual Services )

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wellington florida short sales: Florida Foreclosures- How Long Does My Lender Have To File Deficiency Judgement? - 10/13/14 08:40 AM

Florida Foreclosures- How Long Does My Lender Have To File Deficiency Judgement?
Statute of Limitations for Post Foreclosure Deficiency Judgements
In the state of Florida AFTER your home or property has been foreclosed on, your lender or the mortgage note owner has a specific time period in which they can file a judgement against you.
What happens when you lose your property in a foreclosure is that your property will be sold and most often it will be sold for less than what you owe your lender.
When there is not enough money to pay off the balance of your mortgage- … (5 comments)

wellington florida short sales: Wellington Fl Short Sale- 9758 Quinn Ct Wellington Fl 33414 - 07/27/12 10:50 AM

Wellington Fl Short Sale- 9758 Quinn Ct Wellington Fl 33414 Wellington Short Sale- This is a short sale with 5 bedrooms in Olympia in Wellington. The Olympia development is a gated community located off of 441 and Forest Hill Blvd. in Wellington Florida. Wellington Florida Short Sale- 9758 Quinn Ct Wellington FL 33414 Wellington short sales- there are only a few short sales in the Olympia development, this is a total turn around from a few short years ago when Olympia was plagued with short sales and foreclosures. Those days are gone. Make an offer today on a Wellington Short Sale. … (1 comments)

wellington florida short sales: Wellington Florida Short Sales - 06/28/12 08:14 AM

Wellington Florida Short Sales
What is a Wellington Florida Short Sale? A short sale is when the seller of a property owes more to their mortgage lender than what a buyer is willing to pay for the property based on appraised and market values.
In Wellington Florida the homeowner is the one putting their home up for sale. The contract to purchase from a buyer is between the homeowner and the buyer. The seller's lender does not sign the offer. The seller does have to get an approval from his lender to take less than what he owes them. That … (4 comments)

wellington florida short sales: Wellington Florida Short Sales Market Update - 05/19/12 03:25 AM

Wellington Florida Short Sales Market Update
Currently there are 56 homes on the market in Wellington Florida that are listed as short sales.
The highest priced short sale for sale in Wellington right now is listed at $1,649,000 and that is for a 4 bedroom house in Palm Beach Point on Sea Mist with 6 stalls and a tack room with air conditioning along with a feed room. This home sits on about 5 acres of land.
The lowest priced home in Wellington right now that is a short sale is a little 2 bedroom townhome listed at $64,900. This is a great … (3 comments)

wellington florida short sales: What Is A Short Sale- Short Video Presentation - 02/18/12 01:15 PM

What is a Wellington Short Sale?
We created this very short 2 minute video for you to answer the question: What is a short sale?
Short sales have been around since the origin of the mortgage and loans for homes- properties and other tangibles and non-tangibles. But most people had not really heard what a short sale is until the real estate bust in 2007. Most real estate agents did not know what a short sale was until recently either. Most homeowners did not know what a short sale was and many homeowners still don't know that a short sale is a … (10 comments)

wellington florida short sales: Wellington Short Sales- What You Need To Know Before You Sell Your Wellington Home - 02/08/12 11:21 AM

Wellington Short Sales- What you need to know before you sell your Wellington home.
There are many situations that you may be facing when the subject comes up in your house about whether a Wellington short sale is your best option or not.
The most common reason that a homeowner does a short sale is because they are facing foreclosure.
Because this is the most common reason people do short sales it may seem to many people that you have to be in some stage of foreclosure in order to do a short sale. This is not the case.
If you are … (9 comments)

wellington florida short sales: Not Paying Your HOA Fees Is The #1 Killer of Short Sales and Deed In Lieu - 01/23/12 02:02 PM

Not paying your HOA Fees is the #1 Killer of Short Sales and Deed in Lieu.
Many homeowners who are behind in their mortgage payments are also behind in their HOA fees. When we take on a short sale listing it is very important for the seller to understand the ramifications of NOT paying HOA fees.
In the state of Florida the HOA can foreclose on you, they can lock you out of the pool and clubhouse, they can evict you after the foreclose on you and rent your condo or property out, they can deny you access through the gate.
And … (48 comments)

wellington florida short sales: When A Lender Breaks Into Your House.. - 11/21/11 10:55 AM

When a Lender breaks into your house...
We have several sellers doing a short sale where they are no longer living in the property because of relocation or a strategic short sale or they had tenants in the property and the sellers don't want to rent out the property when in the middle of a short sale.
The bank knows they are doing a short sale. We have a real estate sign in the front yard of the property and we have a supra lock box on the front door. The air-conditioning is on and the electricity is working. The sellers … (14 comments)

wellington florida short sales: Bank Of America Offers Wellington- Florida Homeowners up to $20,000 To Do Short Sale - 10/08/11 12:34 PM

Attention: Wellington Homeowners in Foreclosure or behind on your payments. If your loan is being serviced by Bank of America- the nations largest mortage servicer- you may just happen to qualify to get up to $20,000 to do a short sale instead of waiting for the day you lose your home to foreclosure.
You must have your short sale submitted before November 30, 2011 in order to qualify for minimum payout of $5000 and up to $20,000. You get the $20,000 or less at a successful closing of your short sale which also means you will need to move out of your home.
Your … (10 comments)

wellington florida short sales: Wellington Short Sale Agents- Wellington Foreclosure Report - 07/23/11 11:09 AM

Wellington Short Sale Agents- Wellington Foreclosure Report
Wellington Florida short sales are only around 20% of the active homes on the market. Wellington homeowners that have lived in Wellington Florida for a long time will work to save their homes. The speculators who came to the Wellington Gold Rush to buy up lots of pre-builds gambling that they could sell them for a profit prior to the houses being build are the ones who walk away from their properties. But even if you are one of the speculators there may still be options for you that are better than the foreclosure … (8 comments)

wellington florida short sales: Wellington Short Sale Agents - Top Ten Short Sale Questions- Videos! - 07/22/11 03:00 PM

Wellington Short Sale Agents - Top Ten Short Sale Questions- Videos!
We did a ten part series answering the top ten short sale questions that we get as Wellington Short Sale Agents. Here are the links to the ten short sale videos here: Overview of the Wellington Short Sale Video Series What is a Short Sale? Who can do a Short Sale? Can I do a short sale? Should we remove all the appliances and built in improvements in our house when we do a short sale? Why shouldn't I just leave the keys on the table? How long will my … (0 comments)

wellington florida short sales: Wellington Short Sale Agents- Wellington Takes Action - 07/06/11 09:40 AM

Wellington Short Sale Agents- Wellington Takes Action
The Village of Wellington and Royal Palm Beach have been meeting to discuss what to do about the foreclosures. While Wellington does not have that many bank owned properties for sale- that number is usually hovering around 50 at any given time that are available for sale- there have been about 300 homes that have been abandoned in our town of Wellington since 2008. As Wellington short sale agents we are also concerned about our home values and property preservation. Wellington has strong code enforcement rules and has continued to pass more so this forces … (25 comments)

wellington florida short sales: Wellington Short Sales- Client Testimonials For International Properties & Investments Inc- What Clients Say! - 06/12/11 03:16 AM

Wellington Short Sales- Client Testimonials For International Properties & Investments Inc- What Clients Say!
We are experienced Florida Short Sale Agents- but don't take our word for it- see and read what some of our clients have to say about us getting their short sales approved. Not all of our sellers can give us testimonials because they are in businesses where they could lose their job or security clearances and other confidential matters whereby it is not a good idea for them to say they did a short sale. But many of our sellers do give us written … (2 comments)

wellington florida short sales: Wellington Short Sale Agents - Top Ten Questions Video Series- Question #7 - 06/09/11 06:27 PM

Wellington Short Sale Agents - Top Ten Questions Video Series- Question #7- Can I do a short sale when I have more than one mortgage on my property?
Many homeowners have one mortgage on their property but many others took out a second mortgage or have a home equity line of credit which is commonly known as a HELOC in the banking industry. The short sale lenders treat the different loan products differently. If you took out two mortgages, a first and a second at the same time in order to buy your Wellington home than you can most likely be able to … (4 comments)

wellington florida short sales: HOMEOWNERS In Distress- WARNING- Do Not Sign Up With Short Sale Companies That Are Not Legal In Your State! - 06/08/11 07:30 PM

Attention Short Sale Scammers: You Are Not Welcome Here! You will get turned into the Florida Attorney General when you are found out!
Florida Law clearly states that you are NOT allowed to negotiate short sales in the state of Florida unless you are: 1. A Loan Originator 2. A Licensed Real Estate Agent 3. A Florida Attorney If you don't meet those qualifications stay out of here! You are not welcome to bring your scam of a company here to Florida. We just canceled the Scammers Convention in South Florida. A seller did a search on the internet and … (37 comments)

wellington florida short sales: Wellington Florida Short Sale- 249 Pleasant Wood Wellington Florida 33414 - 05/19/11 11:04 AM

Wellington Florida Short Sale- 249 Pleasant Wood … (4 comments)

wellington florida short sales: Short Sale Agents- What If Your Seller Does NOT Make A Move To Close? - 12/26/10 02:51 PM

What would you do if you had a short sale listing and the seller fought you every step of the way and then at the end of the day, after the acceptance letter is in his/her hand and their lender is NOT going to seek a deficiency, the buyer is ready to move in and the seller then wants an extension?
Are you as the listing agent owed your commission? Well, it depends on what your listing agreement states. You would need to speak to your attorney about this. And how do you avoid these types of situations? There are homeowners … (13 comments)

wellington florida short sales: Chase Short Sale Approval in THREE DAYS!!! - 12/20/10 06:23 AM

Chase Short Sale Approval in THREE DAYS!!!
This one is for the history books! We did our happy dance with this short sale approval! Negotiating the offer between the buyer and the seller took longer than it took us to negotiate the short sale with Chase and get the approval letter for the short sale. The purchase price of the house was $750,000. Nestor did a great job getting the seller a fully paid and satisfied lien release as well as NO deficiency to the seller! And he got it in writing from Chase! This was a CASH transaction, no appraisal and … (17 comments)

wellington florida short sales: Short Sale Negotiating Companies- Demanding A Part Of Your Commission? - 07/15/10 07:01 PM

We get the acceptance letter from the lender who approves a short sale we have the listing on.
Then we get another email that says that we have to reduce our commission by 1%. That was strange, we thought. We have done a lot of short sales with this particular small lender and never had an issue before with our commission. It is a small lender who mostly owns their own notes and services their own notes. This of course saves us a lot of time. With this particular lender we can close on our short sales within 30 to 60 days. … (77 comments)

wellington florida short sales: HAFA- One More Hyped Up Media Campaign With No Teeth - 07/10/10 06:43 AM

HAFA- such a big deal right? I wonder where all the agents and media operatives for the insiders press departments are now? Remember at the beginning of the year everyone and their mother was writing songs of worship for the new miracle to save underwater homeowners- HAFA?
Remember when I asked if everyone was writing these posts and articles on blogs and newspapers because they loved the google juice they were getting from it or if they actually knew anything about the HAFA program? Do you remember all the posts that I wrote and the comments I was making about how … (13 comments)

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