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Wellington Florida Real Estate News- Florida Foreclosure Law and Florida Short sales
Florida Foreclosure law is different than some other states.
Not all states have the same laws regarding you losing your house to a foreclosure. Since we work with many sellers from different parts of the country who own property in Florida and need to do a short sale here in Florida before they lose their home to foreclosure proceeding we highly recommend that they discuss their situation with a Florida attorney. You need to discuss your particular situation with an attorney who knows the foreclosure law here in Florida. Many times we hear from our sellers that they are or have been talking to their attorneys in other states about Florida Foreclosure law. No disrespect is intended to your attorney who is not a Florida attorney; but your attorney may not understand fully about the Florida foreclosure laws.
Before you hire a Florida attorney to represent you in your Florida Foreclosure case make sure they are in good standing in Florida. Also, ask for references from that attorney from his clients who he or she has already helped or is helping currently. Please talk to those references about the attorney.
We have two attorneys that we work with that have been very good and reasonable. Please contact us for their information.
However we have also known attorneys who no longer are able to practice law in the state of Florida. In fact, one attorney who has done some very good foreclosure defense for some of our clients is now suspended with conditions from law here in Florida. We have clients who had him on retainer. This means he can not represent clients at this time.
A couple of years ago we had an attorney approach us because we carry a lot of short sale listings. He offered his services and we interviewed him at length. A few of our clients used him with great success but then after about 6 months of working with him, some of our clients began to tell us that he was not returning their phone calls and that he missed a court appearance for one. This was not a good sign and Nestor said he did not feel good. Nestor's instincts told him to get our clients away from this particular attorney. We did and right after that- his paralegal called us to tell us that he was in trouble with the law over his loan modification program.
So even though Florida foreclosure law attorneys abound in the state of Florida that does not mean they are all trustworthy. If you need to get an attorney to defend you in your foreclosure- please contact us and we can give you some options. You also may be qualified to do a short sale. We offer a phone consultation absolutely free with no strings attached. Your phone call is completely confidential. Call or email us to make an appointment at 351-753-0135.
Don't Lose Your House To Foreclosure! Short Sales Do Close!
Contact Nestor and Katerina Gasset today at 561-753-0135.
Find out more about Florida Short Sales by clicking here. No registration required.
Wellington Florida Real Estate News- Florida Foreclosure Law and Florida Short Sales © by Katerina Gasset *2008* *2009* All Rights Reserved.
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| 2008 | 2009 | |
| January | $442,400 | 275,000 |
| Febrauary | 393,315 | 287,500 |
| March | 340,000 | 296,000 |
| April | 397,700 | 320,000 |
| May | 389,000 | 295,000 |
| June | 332,500 | 285,425 |
| July | 321,500 | 307,500 |
| August | 320,000 | 304,000 |
| September | 320,000 | 266,500 |
| October | 390,000 | 276,825 |
| November | 307,500 | 330,000 |
| December | 309,100 |

| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| 2008 | 26 | 37 | 42 | 53 | 61 | 56 | 70 | 63 | 49 | 45 | 40 | 64 |
| 2009 | 35 | 42 | 46 | 69 | 59 | 74 | 69 | 79 | 68 | 72 | 55 |
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Let's Get To The Truth About HAFA- The New Short Sale Guidelines
Active Rain and the internet has seen a surge in posts and articles written by agents and the media regarding the new HAFA program; the streamlining short sales program rolled out by the U.S. Treasury Department.
Many of these posts were featured. Many of them rang strong with hope for a faster closing time. I will be writing a set of articles along with this one that will go over all of the points in the 43 pages of guidelines and forms. There is just too much to put in one post.
Whenever I see a group of people complaining and wanting something to be changed I want to take a step back to see the big picture.
One sentence comes to mind often, " Be careful what you ask for."
NAR, Realtors® and homeowners around the country shouted, petitioned, discussed, wrote and spoke to their representatives about how long short sales take and how the banks don't seem willing to do them and that they don't know what they are doing.
My first question is:
Who says that a professional small business in Real Estate was going to be a walk in the park? And what makes a business where there is no ceiling, low entry level and can create success beyond one's wildest dreams also expected to be easy. Real estate is one of the highest stress careers but you can have a big pay day.
My second question is:
How many agents that wrote these posts of the blissful future of short sales actually read all 43 pages of the guidelines and forms?
I was tempted to write about HAFA but decided that I better understand HAFA and form an opinion based on facts- the facts that are written in these guidelines. So I spent 8 hours yesterday studying these guidelines and speaking with attorneys about them to get their opinions.
On the NAR website under the HAFA section it states:
Do you see the oxymoron? How do you place the words, COMPLEX and SIMPLIFY in the same sentence?
The first rumor that I want to dispell is that all the short sales are now going to go smoothly. That is NOT the case.
The second rumor that I want to dispell is that all short sale lenders will have to answer your request for a short sale within 10 days.
The HAFA program is only for:
The third rumor that I want to dispell is that this is going to happen right now. NOT TRUE.
The fourth rumor that I want to dispell is that all the lenders are now under these guidelines.
This part really gets me!
You mean the same Freddie Mac that was involved with the huge accounting and fraud scandals?
According to the Chicago Tribune Freddie Mac executives "devised a plan to use accounting tricks to mislead shareholders about outsize profits the government-chartered firm was then reaping from risky investments. The goal was to push earnings onto the books in future years, ensuring that Freddie Mac would appear profitable on paper for years to come and helping maximize annual bonuses for company brass."
We believe in adding value to our sellers. We are good at negotiating short sales. Short sales are much more about good negotiating skills than anything else and programs like these tend to tie our hands in applying our negotiation skills.
We will take longer short sale times with approvals any day over shorter short sale response times that come back with a Rejection mark on them in order to fulfil their accoutability time frames.
We close 98% of ALL of our short sale listings and other agents do also. If we can do it, then you can too. If you are not closing above 80% of your short sale listings than you need to learn negotiating skills. Negotiating skills is what brings value to your clients and your business. Stay tuned for more details on the HAFA guidelines and forms- consider subscribing to our blog to be alerted of new articles.
Contact Nestor and Katerina Gasset today at 561-753-0135-Don't Lose Your Home To Foreclosure!
Find out more about Florida Short Sales by clicking here.No registration required.
Let's Get To The Truth About HAFA- The New Short Sale Guidelines- Rumors Vs Facts- Copyrighted © by Katerina Gasset *2009* All Rights Reserved.
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Palm Beach Steeplechase -Wellington Florida Happenings!
What a great day it was for the Palm Beach Steeplechase in Wellington Florida held this past Saturday at the Palm Beach International Equestrian Center.
We had such a blast! Hold your horses! The horse photos are down below for your enjoyment.
As we entered into the Stadium area the first thing we noticed was the convenience of Valet parking, golf cart rides from your car to the entrance and a trolley service that picked spectators up from other parking areas and brought them right up to the front of the Stadium here in Wellington Florida.
Of course, you could have driven up to the front curb with this hot pink Hummer! I just had to take a photo of this beauty!
Maybe the owner of this hot pink guitar belonged to that pink Hummer.
The vendor's area was near the front of the Stadium. Our son Joshua who is the executive chef at the White Horsse Tavern at the Equestrian center was in charge of the food for the event for the public and private parties. He had over 1200 reservations for the private party tents.
The weather was perfect; not too hot and not too cold. Actually it was in the 70's all day which helped me to enjoy the entire day at Steeplechase.
There was so much to do and we took a lot of photos to share with all of you. I will have to write several posts about different aspects of Steeplechase in order to share the entire experience and to make sure you will be here next year for Steeplechase!
The races went off well although it was hard for me to take video and photos of the horses racing because of the crowds. There needs to some special blogger pass to get closer to the fences and gates of the Equestrian events:)
There was a total of six races including:
Enjoy some of these gorgeous horses:
There was a lot of other entertainment going on everywhere around the stadium and on the fields. People came from all over to participate in the Tailgate competition.
The Jack Russel races kept you entertained in between races as did the fire dancers and the pony rides for the little kids.
There were over 8,000 people in attendance for the second annual Palm Beach Steeplechase.
Suncast was the major sponsor of the event this year. Suncast is a company located outside of Chicago and makes outdoor furnishings. The CEO Tom Tisbo and his wife Jeannie are part time residents of Wellington Florida and their daughter jumps professionally.
We hope to see you out at the Palm Beach Steeplechase next year and also for all the excting Winter Equestrian Festival Events this year beginning on January 16, 2010!
For all your Equestrian Real Estate needs and search for Your Wellington Florida Horse Properties For Sale Here.
Palm Beach Steeplechase-Wellington Florida Happenings- See The Action Here! Copyrighted © by Katerina Gasset *2009* All Rights Reserved.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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