Key Largo, FL

.....only took 9 months!!! And we are not closed yet. Amazingly we still have the original Buyer that went under contract at the end of April 2009.

Property location:

• Florida Keys (Vacation home)
  

Hardship:

• Illness.
  

Lender(s):

• Chase on the first and 2nd. About 5 months into the Short Sale transaction the 2nd was passed off to Allied International Credit (AIC).

Purchase Price:

• $303,000

Amounts owed:

• Chase was owed $693,000 on the first and agreed to accept $273,000 (39% of the debt)
• AIC was owed $94,000 on the 2nd and agreed to accept $3,000 (3% of the debt)

Terms:

• No note. No cash contribution.

Special conditions:

• This was a co-listing with Kelly Willey from ActiveRain. She handled the property and I took care of the Seller and the Short Sale negotiations. There is also a Broker on the selling side. Chase agreed to pay 3 Brokers. There was a HOA lien for $18,000 that the Seller paid off. Took 90 days to get under contract.

• The Short Sale Package was submitted in it's entirety 3 times. 

We should be closing next week with a cash Buyer.

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

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GORGEOUS PENTHOUSE SUITE ! INCREDIBLE OPEN WATER VIEW! Being offered completely furnished and ready for you to move in. Amenities include pool, tennis courts, basketball court,dry storage for your boat with in/out service, white sandy beach and club house. FABULOUS PRICE FOR A RARE PENTHOUSE!!

549012 Residential Active $520,000

Provided as a courtesy of Pat & Curt Barlow Coldwell Banker Schmitt Key Largo direct: (305)852-2501 FAX: (305)451-1220 Office: (305)852-2501 http://TheBarlowTeam.com

This house is truly a GEM! Once you move in you won't want to leave home! Large open floor plan, vaulted ceilings, French doors leading out to an unbelievable oasis!! Lovely pool with fountain, paver decking, grassy play area for the kids or pets, privacy fencing - an incredible home in a great neighborhood. Unique construction of poured concrete sandwiching insulation - including roof.

549108 Residential Active $375,000

Provided as a service of
Ellen Alderman
Coldwell Banker Schmitt Key Largo

New Luxury 4bd/2ba waterfront CBS home in Key Largo w/direct ocean access. Custom Caribbean architecture & split floor plan, w/office. Master suite w/canal view & balcony. Concrete dock w/davits, travertine floors in & out, granite & SS kitchen, pantry, tongue & groove ceilings,impact windows & doors, prewired w/CAT 5 & surround sound, garage, entertaining area, & room for a pool. Stunning!

$1,223,333

Provided as a service of
SALLY STRIBLING, P.A.
Coldwell Banker Schmitt Key Largo

Living and Investing in the Upper Keys
The Upper Keys is a great area for both recreation and Investments. The reason is simple: Miami and Miami International is just an hours drive. In Addition, the recent incredible growth in the South Miami area of Homestead (Forecasts call for 1 million people by 2010) is adding to the desire for homes in the Keys.

Why is this good for Investors
Ft Lauderdale, Naples and Miami residents come to the upper Keys for the weekends, meaning rental homes, duplexes, condos and hotels enjoy great occupancy rates. More importantly, Environmental issues and the fact there is just one main road into the Keys strictly restricts building. There is only so much land still available. The Keys can never be like California in terms of growth. Since they are restricted, this protects your investment.

Provided as a service of
Ellen M. Alderman, LLC
Coldwell Banker Schmitt Key Largo