coral springs short sale: "It is a characteristic of wisdom not to do desperate things"...
- 06/24/09 03:58 PM
... as quoted by Henry David Thoreau. We all like to think of ourselves as being wise and doing the right thing. What is it about life's desperate times that throws our wisdom out the window? Many are experiencing very trying times as unemployment rates increase. Here in Florida they're approaching double digits. I bet the majority of us know someone affected by unemployment and being that our profession is Real Estate we all know how unemployment affects home ownership. Many homeowners are doing all that they can to avoid foreclosure; they'll try to get their loan modified and if that fails … (10 comments)
coral springs short sale: I'm so tired of hearing that Short Sales don't close
- 06/01/09 01:23 PM
Article after article always comes back to the same thing; the daunting task of Short Sales and that so few close. I just now read another one that came to my email from National Realty News This is simply not true. I close my Short Sales. If the Listing Agent knows what they're doing the Short Sale can close. There are so many Realtors here on Active Rain that can agree with me, I'm sure. So why do so many blast the Short Sale. This only spreads news that Short Sales don't work and distressed Sellers and eager Buyers will refrain from pursuing. If you … (22 comments)
coral springs short sale: So you think they don't close
- 05/27/09 03:39 PM
Today I celebrated with my Seller and Buyer. HOORAY! I posted a pretty cool post a bit back about another one of my special Seller's and Buyers: What it's like to be an active participant in God's plan. Well, I'm happy to report that this plan went all the way and closed today as a Short Sale in Coral Springs Florida. It's a great story of a Short Sale closing but it's more than just another Short Sale closing as it's about human misfortune and human compassion interacting. You can go to my prior post to read the beginning but I'd … (8 comments)
coral springs short sale: I love Short Sales - Yes you heard me right! Don't you love 'em?!
- 05/18/09 11:02 AM
Loving life and Short Sales! Yes, you did hear me right. Quite some time ago, I chose to focus on helping the distressed homeowner. I wanted my Real Estate career to really be about helping others as I've been so blessed in my life. At the time, people thought me to be crazy. They asked why would you want to devote so much of your time to such a tough task with no guarantees. And then when I said I would do the negotiations myself, people thought me to be even crazier! I really, truly had the passion for wanting to … (2 comments)
coral springs short sale: Short sale approval by EMC in less than 30 days
- 04/26/09 01:04 PM
I just recently obtained a Short Sale approval on a unique Short Sale scenario and it was completed really fast - in 29 days. I've been so busy with getting offers on my Short Sale Listings and getting approvals on my Short Sale Listings that I'm happy to say that I just love working with Short Sales and getting them closed. This homeowner was a bit different in that the home had already been through a bankruptcy and the homeowner had its debt discharged yet she wanted to do the right thing and try to sell it. The process was a bit different in … (10 comments)
Sometimes I wonder if I would love doing Short Sales if there weren't for the curve balls. I wonder what that says about me?! It must be the challenge that I love; the point at which you come to a screaching halt in the Short Sale approval process when somebody or something says "no". Well, it has happened on a recent Short Sale here in Coral Springs. I had received written approval from the Seller's Lender for the sales offer, the Buyer's inspection … (25 comments)
Consider a Short Sale, a Short Sale is when your Lender agrees to accept less than what is owed on your mortgage. As a Coral Springs Realtor, I specialize in Short Sales and have helped many a distressed homeowner avoid losing their home to foreclosure by selling their home as a Short Sale. I do not charge a fee to sell your home as a Short Sale. I earn my commission, that your Lender agrees to pay, when your home is sold. I … (0 comments)
A Short Sale is better than a foreclosure. True or False? TRUE: A Short Sale will lessen the adverse effects to your credit and put you in a more favorable buying position for the future. In fact, FHA guidelines will consider a Short Sale borrower within two years of having the Short Sale. We all know how fast two years can fly by. 2. I must be late on my mortgage payment to qualify for a Short Sale. True or False? FALSE: These … (10 comments)
coral springs short sale: Take the Short Sale Quiz
- 02/26/09 01:53 PM
Avoiding foreclosure is the talk of the town; you can't ignore it's presence and the vast numbers of homeowners who are being affected by the threat of foreclosure. There are experts everywhere ready to lend a hand. How do you know who can help you to avoid foreclosure by selling your home as a Short Sale? What are the lies and truths about Short Sales? Test your knowledge by taking the Short Sale Quiz below.
A Short Sale is better than a foreclosure. True or False? I must be late on my mortgage payment to qualify for a Short Sale. True or … (13 comments)
coral springs short sale: Should I buy a Short Sale?
- 02/10/09 12:58 PM
This seems to be a question that many Buyers are asking themselves these days as Short Sale seem to be everywhere. The idea to post on this today came from a conversation that I had today when I phoned a Buyer's Agent to follow up from a showing notification that I received from my showing service. When I phoned the Agent to find out what her customers interest was in my Short Sale property listing in Coral Springs Florida she said,"...oh, we never went to see that as my Buyer didn't want to have anything to do with a Short Sale..." … (2 comments)
In the last Chapter 4, we learned what happens when you get an offer to purchase your home as a Short Sale: Short Sales for Sellers (Chapter 4) What happens when you get an offer to purchase. Now, the offer has come in and all required documentation has been submitted to your Lender. Now, you sit back and wait; WRONG! You sit back but your Realtor doesn't. The fun is just beginning! Now we are in the negotiation phase of a Short Sale. This isn't for the faint of heart or for those who don't like to push the … (6 comments)
coral springs short sale: If you don't fight for a Short Sale, don't do them!
- 11/29/08 06:07 AM
"NO"... your short sale has not been approved - it has been denied. Oh well, I guess I did my best; I listed the home for sale as a short sale, took an offer and sent in the paperwork requested. didn't bother to take any photos of the home and thought I'd just wing it through the process as I was just happy to get a listing in these tough Real Estate market times. WRONG...WRONG...WRONG.... If you take on a listing, you should be prepared to represent your customer towards achieving their goal; a sold home. I have made the choice, … (63 comments)
coral springs short sale: The Listing of a Short Sale isn't for everybody
- 11/01/08 05:56 AM
It seems we're hearing more and more these days about the botched attempt by Agents trying to list a Short Sale when their heart and soul just isn't in it. So why do they do it? What are their chances of success? How loyal are they really being to their customer? Is it a question of ethics? Katerina Gasset a knowledgeable Short Sale Expert recently posted on such a situation that she experienced; please read her story too: Read Katerina Gasset's view on Realtors doing a short sale. I just think it's incredible and recently ran across such a botched attempt in acquiring another … (0 comments)
coral springs short sale: Never give up when the Lender says "No"
- 11/01/08 05:19 AM
One of my Short Sale Listings has really put me to the test of having to support the "Why" of an offer; Why should the Lender accept the offer. I received an offer on a Short Sale listing back at the end of Aug. The offer came in about 7% below list. Not too bad. The Lender ordered the BPO that came in almost 20% above list. WHAT? Where are these numbers coming from? I challenged the BPO and went back to the solid market statistics for the area that I had already presented to them; recently sold homes and their prices, inventory of … (12 comments)
coral springs short sale: Short Sale Help in Coral Springs
- 09/12/08 09:50 AM
Where do you go for Short Sale help? A year ago, you couldn't hardly find any information about Short Sales and now you're inundated with info about: What is a short sale? Can a short sale help me? Is it better than foreclosure? Do I have to pay a fee to have my home sold as a short sale? Do I have to have missed payments on my mortgage to do a Short Sale? Can I do a Short Sale myself? Do I need a Realtor? Can any Realtor successfully handle a Short Sale? The questions go on and on.......... To … (0 comments)
coral springs short sale: Short Sale for Sellers (Chapter 4) What happens when you get an offer to purchase?
- 08/22/08 11:44 AM
Your home has been on the market for sale as a Short Sale for a while now. In the last chapter we discussed Selling your Home as a Short Sale. You've had some steady showings and are anxiously awaiting for an offer as you continue to miss your mortgage payments. Another busy day has passed you're sitting at the kithen table and your phone rings; it's your Realtor...she informs that an offer has come in on your home. Finally! WOO HOO!... now what? 1. Remember all the documentation that your Realtor asked you to gather: hardship letter, paystubs, bank statements, tax returns, income … (2 comments)
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Tips for Selling a home in Coral Springs and South Florida. Buying a home? Make sure you know what needs to be done here in South Florida when Buying a home.
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