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....
Jul 7, 2010 | MIAMI REAL ESTATE
It’s a shame. Of the six newly constructed luxury Coral Gables townhomes in GARDENS ON VALENCIA, 4 of those 6 units are now being offered IN FORECLOSURE – with the bank apparently looking at a $899,000.00 price tag on each. (Only 2 of the 6 townhomes...
Jan 23, 2010 | MIAMI REAL ESTATE, SELLER'S ADVICE
Foreclosures comprise a major portion of the current pool of homes for sale in Miami… over half the current inventory (and a substantial chunk of what sold in Miami in 2009). 60% of what we are selling now are actually short sales and foreclosures. ...
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...
Nov 17, 2009 | MIAMI REAL ESTATE
As an alternative to foreclosure, Fannie Mae will now (as of November 2009) allow homeowners (who qualify!) to remain in their homes, renting, as tenants… for a year. Month by month extensions are an option (although not guaranteed) after the first...
