‘Short Sale’ Opportunities Could Grow In Wake Of Flawed Foreclosure Paperwork
WEST PALM BEACH, FL (Oct. 14, 2010) – Foreclosure paperwork mishandling by lenders and their legal representatives could provide an opening for individuals attempting to “short sale” their properties, Realtor and real estate mediator Deidre Newton says.
“Attorney Generals and consumer groups are questioning whether lenders have filed, based on overwhelming volume, insufficient or illegal paperwork against property owners who have fallen behind in their mortgage payments,” Newton says. “The challenges in the courts may result in a significant delay of foreclosure cases for several months, if not longer.”
But for those individuals making payments but having a hard time selling their property because their mortgage has become higher than the value of their home, the foreclosure paperwork fiasco could be beneficial, Newton said.
“The foreclosure paperwork mess might create added leverage for ‘underwater’ home owners,” said Newton, founder of the Real Estate Negotiation School, Real Estate Negotiation School.
“Lending institutions might be more willing to negotiate the sale of such properties to move them off their books,’” Newton said. “While short sales are not optimal for lenders, they might see them as a pragmatic way of keeping people from abandoning their homes and creating a greater devaluation of properties and blighting of neighborhoods.”
A frequent contributor to media reports on the real estate scene, Newton is participating in a series of “Florida Housing Help” workshops sponsored by the state Department of Financial Services, http://www.myfloridacfo.com/Consumers/OutReach/FLHousingHelp.asp.
The next workshop is this Saturday, Oct. 16, 10 a.m. to 4 p.m. at the City of Lauderhill City Hall, 5581 W. Oakland Park Blvd.
Newton will also be holding a seminar called “Short Circuit the Short Sales” from 9-11 a.m. next Wednesday, Oct. 20, with members of the Jupiter-Tequesta-Hobe Sound Association of Realtors, 901 W. Indiantown Rd # 18, in Jupiter.
(For additional information, contact Newton directly at (561) 685-0386 or isellwpb@aol.com)
Short Sale Processing
Saturday, October 16, 2010
Thursday, September 23, 2010
Saturday, September 18, 2010
Thursday, September 16, 2010
benefits of short sale
The unnoticed benefits of a Short Sale…Recently we helped an Air Force Officer and Homeland Security Guard avoid foreclosure by successfully completing short sales on their behalf. A short sale meant more to them then most may realize, foreclosure didn’t just mean losing their home, it meant losing their security clearance at work. The lesser impact of a short sale and by avoiding a foreclosure judgment, both individuals were able to keep their security status at their jobs. Confirming what we learned at Clearancejobs.com, the #1 reason individuals are denied security clearance is "Financial Considerations".
After helping and getting to know both of these individuals, we realized the underlying benefits that go along with a short sale. There are many benefits to a short sale vs. a foreclosure and sharing them with potential clients will help you solidify those relationships. Maybe you know a Government worker who is facing foreclosure and doesn’t realize the severity of it. Maybe this experience will help them.
There are many ways we can work together and support you with your clients.
When it comes to short sales, we offer 2 levels of service:
Full Short Sale Processing – From listing to closing we will help gather documents, provide a free preliminary title search, submit file, follow up and obtain a Short Sale approval. NO UPFRONT COSTS...We get paid when you get paid at Closing! No Attorney or Short Sale Processing Fees.
24 Hr. HUD Service – Many realtors like to retain control of their short sale and our 24 Hour HUD service was created to support them. We will provide you with a Free Preliminary search and all the updates you may need to successfully complete the short sale.
If you’re interested in hearing more about how we can help you,
Please Call Me… 1-877-427-9696
Short Sale Package Available Upon Request
Thank You,
Anthony Crupi
Assure America Title Company
"Our Knowledge is your Advantage"
Contributers:
What is a Short Sale
Real Estate Negotiation School
After helping and getting to know both of these individuals, we realized the underlying benefits that go along with a short sale. There are many benefits to a short sale vs. a foreclosure and sharing them with potential clients will help you solidify those relationships. Maybe you know a Government worker who is facing foreclosure and doesn’t realize the severity of it. Maybe this experience will help them.
There are many ways we can work together and support you with your clients.
When it comes to short sales, we offer 2 levels of service:
Full Short Sale Processing – From listing to closing we will help gather documents, provide a free preliminary title search, submit file, follow up and obtain a Short Sale approval. NO UPFRONT COSTS...We get paid when you get paid at Closing! No Attorney or Short Sale Processing Fees.
24 Hr. HUD Service – Many realtors like to retain control of their short sale and our 24 Hour HUD service was created to support them. We will provide you with a Free Preliminary search and all the updates you may need to successfully complete the short sale.
If you’re interested in hearing more about how we can help you,
Please Call Me… 1-877-427-9696
Short Sale Package Available Upon Request
Thank You,
Anthony Crupi
Assure America Title Company
"Our Knowledge is your Advantage"
Contributers:
What is a Short Sale
Real Estate Negotiation School
Thursday, June 17, 2010
Solar Energy Site Criteria
Solar Grounds providing a complete no cost to end user Solar Solution to it's clients...
Click... Solar Development
If you meet the below criteria, talk to Solar Grounds about having a site developed on your grounds
Solar Site Criteria
-Location:
MA, MD, NJ, PA, DE, NC, SC, TN,GA, MS, AL, KY, AZ, CA, OR, CO
System Type:
Ground mount
Roof mount
*System types vary by State and Utility company requirements
Size:
Minimum 1 acre for Ground mount
Minimum 25,000 sq. ft. for Roof mount
Required Information for Site Evaluation:
The site address and legal owner information
Site specific information (please provide as much detail as possible)
For rooftop installations – available square footage, material, condition, obstructions
For ground installations – parcel size, access, distance from meter, has site been cleared
12 month’s most recent electric utility bills
Name of the utility currently providing power to the site
General description of site operations
The preliminary project modeling process takes approximately 2 weeks.
Click... Solar Development
If you meet the below criteria, talk to Solar Grounds about having a site developed on your grounds
Solar Site Criteria
-Location:
MA, MD, NJ, PA, DE, NC, SC, TN,GA, MS, AL, KY, AZ, CA, OR, CO
System Type:
Ground mount
Roof mount
*System types vary by State and Utility company requirements
Size:
Minimum 1 acre for Ground mount
Minimum 25,000 sq. ft. for Roof mount
Required Information for Site Evaluation:
The site address and legal owner information
Site specific information (please provide as much detail as possible)
For rooftop installations – available square footage, material, condition, obstructions
For ground installations – parcel size, access, distance from meter, has site been cleared
12 month’s most recent electric utility bills
Name of the utility currently providing power to the site
General description of site operations
The preliminary project modeling process takes approximately 2 weeks.
Friday, April 23, 2010
homes for sale in boca raton florida
Whether you are buying a beach front estate or selling a condominium in Boca Raton Florida you need a Real Estate Agent to assist you.
However, you should consider to be assisted by our Agents at SellFirst Realty.
We provide state-of-the-art technological support and marketing innovations.
Visit Homes For Sale in Boca Raton Florida
Plus, our nationwide title and mortgage network allow us to offer a one stop client friendly service
However, you should consider to be assisted by our Agents at SellFirst Realty.
We provide state-of-the-art technological support and marketing innovations.
Visit Homes For Sale in Boca Raton Florida
Plus, our nationwide title and mortgage network allow us to offer a one stop client friendly service
Sunday, April 18, 2010
FHA Short Sales...get money to move out
FHA Short Sales…Get Paid to Move out!
The U.S. Housing and Urban Development (HUD) is helping borrower (s) move from their home with a program called Pre-Foreclosure Sale (PFS Program). This program allows borrowers who have fallen short on their payments and are now in pre-foreclosure sell their homes short of what they owe.
Basically, how the program works is if you meet certain criteria set forth by HUD…HUD will perform a new appraisal of your home and accept roughly 88% of the current homes value satisfying he old mortgage note.
Key Factors are:
• Borrowers/Sellers will receive cash incentive of up to $1,000
• The Mortgagee (your lender) or HUD will not pursue the borrower for a deficiency judgment
• Borrowers/Sellers must professionally & actively market property for up to 3 months which will delay any foreclosure proceedings.
• Must have a marketable title, title search must be performed and all liens should be cleared/discharged prior to closing
• Borrower can be current at time of submission but must be delinquent by at least 30 days prior to the closing• Property values are determined by an FHA certified appraiser, using a “as-is” Fair Market Value (FMV)
• Mortgagor/Sellers must maintain property in “ready to show” condition• Mortgagee/ lender must respond within 5 working days from receipt of the executed contract
Eligibility:
• The property must be owner-occupied, no “walk-a ways” or investment properties. Exceptions: when it is verifiable that the need to vacate was related to the cause of default (job loss, transfer, divorce, death), and the subject property was not purchased as rental investment, or used as a rental for more than 18months.
• The Mortgagor must be 31 days or more delinquent at the time of the Pre-foreclosure Sale closing.
• The Mortgagor must provide documentation substantiating a reduction in income or an increase in living expense, and documentation that verifies the Mortgagors need to vacate the property (if applicable).
For more information call 1-877-427-9696
Contributers
Short Sale Title Company
What is a Short Sale
Short Sale Realtor
The U.S. Housing and Urban Development (HUD) is helping borrower (s) move from their home with a program called Pre-Foreclosure Sale (PFS Program). This program allows borrowers who have fallen short on their payments and are now in pre-foreclosure sell their homes short of what they owe.
Basically, how the program works is if you meet certain criteria set forth by HUD…HUD will perform a new appraisal of your home and accept roughly 88% of the current homes value satisfying he old mortgage note.
Key Factors are:
• Borrowers/Sellers will receive cash incentive of up to $1,000
• The Mortgagee (your lender) or HUD will not pursue the borrower for a deficiency judgment
• Borrowers/Sellers must professionally & actively market property for up to 3 months which will delay any foreclosure proceedings.
• Must have a marketable title, title search must be performed and all liens should be cleared/discharged prior to closing
• Borrower can be current at time of submission but must be delinquent by at least 30 days prior to the closing• Property values are determined by an FHA certified appraiser, using a “as-is” Fair Market Value (FMV)
• Mortgagor/Sellers must maintain property in “ready to show” condition• Mortgagee/ lender must respond within 5 working days from receipt of the executed contract
Eligibility:
• The property must be owner-occupied, no “walk-a ways” or investment properties. Exceptions: when it is verifiable that the need to vacate was related to the cause of default (job loss, transfer, divorce, death), and the subject property was not purchased as rental investment, or used as a rental for more than 18months.
• The Mortgagor must be 31 days or more delinquent at the time of the Pre-foreclosure Sale closing.
• The Mortgagor must provide documentation substantiating a reduction in income or an increase in living expense, and documentation that verifies the Mortgagors need to vacate the property (if applicable).
For more information call 1-877-427-9696
Contributers
Short Sale Title Company
What is a Short Sale
Short Sale Realtor
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