Nov 17, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
In Miami-Dade County only 1 out of every 3 property sales is a non-distressed real estate transaction. 2/3 of all real estate transactions right now are short sales or foreclosures and 4/10 of all recent sales have been foreclosures. But that is likely to...
Nov 15, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
What does “SHORT SALE” mean? Short Sale means the lender has to accept LESS than what is owed on the mortgage – or the house can’t be sold. Homes purchased at the TOP of the MARKET (often with a minimal downpayment and/or with a hefty...
Nov 1, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
Walking away from mortgage obligations is being used increasingly as an EXIT STRATEGY … written about and widely reported by the news media. While increasing numbers of homeowners are paddling just to stay afloat (and in well-over their heads) the ramifications...
Aug 26, 2010 | FORECLOSURES/SHORT SALES, GOOD DEALS & WHAT'S SELLING, IN THE NEWS, MIAMI MARKET CONDITIONS, MIAMI REAL ESTATE
AFTER SUBMITTING COUNTLESS OFFERS (ON REGULAR… AND SHORT SALE LISTINGS) ON BEHALF OF TWO VERY DETERMINED AND SPECIAL BUYERS OF OURS, I AM TELLING YOU, IF YOU HAVE THE STOMACH FOR IT, YOUR PERSEVERANCE AND DILIGENCE COULD PAY OFF – BIG. DOES IT...
Jul 27, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
MANY HOMEOWNERS ARE ALREADY, OR WILL SOON BE, IN DEFAULT ON THEIR MORTGAGES. MANY HOME PRICES ARE NOW BELOW THE AMOUNT OWED ON THE MORTGAGE. AS PROPERTY VALUES HAVE DROPPED PEOPLE ARE LOOKING TO REFINANCE OR SELL , AND REACHING OUT TO LENDERS FOR HELP....
Jan 13, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
Miami has had more that it’s share of short sales and foreclosures… and as a result, banks have had plenty of practice. Bottom line? The process is getting smoother but there are some new twists that buyers and sellers should be aware of. Hiccups...
