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...
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...
Dec 4, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
Foreclosure? … Time Frame for Foreclosure? A foreclosure is when the lender (lien holder) assumes ownership rights when a property owner defaults on his/her mortgage payments…It’s the process through which the lender repossesses real estate...
Nov 29, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
What is Loan Modification? It’s an inexpensive way to stay away from foreclosure (no appraisal fees, surveys…). Loan modification differs from refinancing (which requires you to have equity). With loan modification you negotiate new terms for your...
Nov 26, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
Here’s a question we were just asked: “A deed in lieu of foreclosure means what?” It means that “The homeowner agrees to relinquish the property voluntarily to the lender by transferring the deed to the property… and in exchange, the...
