May 16, 2011 | BUYER'S ADVICE, FORECLOSURES/SHORT SALES, IN THE NEWS, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE, REAL ESTATE NEWS
Right now in South Florida 7 out of 10 condos are foreclosure or short sale listings. 2/3 of all real estate transactions involve distressed property (whether foreclosure, pre-foreclosure, or short sales). Not only do those distressed sales downwardly influence...
Apr 5, 2011 | FORECLOSURES/SHORT SALES, GOOD DEALS & WHAT'S SELLING, MIAMI REAL ESTATE
The Restivo Team just listed 730 SW 92 Passage in Miami Florida … The house is located just north of SW 8th Street , in a walled community. This an APPROVED Short Sale … approved by Bank of America. It’s located in Big Five Homes and is a four...
Mar 30, 2011 | FORECLOSURES/SHORT SALES, GOOD DEALS & WHAT'S SELLING
Another steal in the Grove … $162,500 for “Hummingbird Cottage” at 3674 Loquat Avenue in the heart of Coconut Grove… Alexandra and I literally just left the closing. Two bedrooms … two full-baths… in South Grove. This...
Jan 24, 2011 | FORECLOSURES/SHORT SALES
Your short sale questions – answered: 1) What a Short Sale is. 2) What a Short Sale isn’t. 3) Approved Short Sales 4) Unapproved Short Sales If hardship can be demonstrated, and IF THE LENDER WILL AGREE TO TAKE LESS THAN WHAT’S OWED ON THE LOAN...
Jan 10, 2011 | FORECLOSURES/SHORT SALES
Sellers aren’t able to obtain a short sale based solely on the fact that they’ve lost equity in their home. Lenders will look at the complete picture, the total hardship, and then make a decision. From a lender’s eye, things such as divorce, job...
Dec 7, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
JUMBO LOAN MARKET DEFAULT: 1/4 of all jumbo loans in Miami are now in foreclosure! HOME MORTGAGES UNDERWATER: 46% of all home mortgages in Miami are underwater. If you are looking to purchase or invest in real estate, the ball is in your court because it’s...
