Lake Worth, FL

SHORT SALE CANDIDATES PLACE YOUR CONFIDENCE IN CDPE

With the right assistance, the stress of facing foreclosure becomes manageable. CDPE-designated agents have received the knowledge and training necessary to assess all possible foreclosure alternatives and pursue homeowners best options.

A CDPE-designated agent attends several days of intensive, thorough training on foreclosure avoidance and how to negotiate short sales efficiently and ethically. The highly regarded CDPE logo means you are working with the most informed, up-to-date resource available.

WHY WOULD A BANK AGREE TO LET A BORROWER OFF THE HOOK IN PALM BEACH COUNTY, FLORIDA

Banks aren’t in the real estate business. They don’t want to own your home. And because banks were as blind sighted by the foreclosure crisis as everyone else, they already have more homes on their books than they can expect to sell in a year.

If there’s one word that describes how banks feel about foreclosures right now it’s:

ENOUGH!

As a result, many banks are now offering cash incentives and have speeded up processes to encourage short sales. You may qualify for a short sale if you:

Owe more than your house is worth

Can prove financial hardship

Are unable to afford your current mortgage payment

The federal government, along with many state and local agencies, have also stepped up their foreclosure prevention initiatives. Key among the foreclosure prevention initiatives is the Home Affordable Foreclosure Alternatives (HAFA) program. Homeowners who qualify for a HAFA short sale get:

$3000 in relocation assistance

The reassurance that the foreclosure process will be halted during the short sale process.

A waiver on deficiency judgments following the sale, meaning the lender will not seek to collect the difference in the amount of the mortgage and the sale price

The situation is complicated and the stakes are high. Never has it been more important to have a local market advocate on your side.

Contact me today and let’s get started!

Homeowners Have You Fallen Behind on Your Mortgage Payments?

If you would like to stay in your home and have fallen behind on payments due to a short-term financial setback such as an unexpected expense or a temporary loss of income:

A Forbearance allows you to suspend payments for a specified time period. At the specified period, the missed payments are either repaid in full or added on as an extension to the term of the loan.

A Repayment Plan is similar to forbearance, although the past-due loan amount is spread out over a specified time frame, increasing the existing mortgage payment until the mortgage is brought back up to date.

If you would like to stay in your home and have fallen behind on payments due to a long-term financial setback such as a job loss or a sustained drop in income:

You may be eligible for a permanent loan modification, either through your lender or the Home Affordable Modification Program (HAMP) administered by the U.S. Treasury. A loan modification results from an agreement between you and your mortgage company, and results in a permanent change to the original terms of your mortgage in order to bring your monthly payment in line with your current budget. HAMP modifications ensure that monthly mortgage payments are no more than 31 percent of your monthly income before taxes.

If you are up to date on your payments but unable to refinance because the market value of your home is less than your mortgage:

The Home Affordable Refinance Program (HARP) was created to enable underwater borrowers with mortgages backed by Freddie Mac or Fannie Mae and are current on their mortgage payments to take advantage of historically low interest rates. The recently revised HARP 2.0 extends eligibility regardless of how big the difference is between how much you owe on your mortgage and the value of your home.

For confidential consultation and help navigating the option that best suits your situation contact me today.

All Hands On Deck, We Are About To Short Sale..in Palm Beach County

Most of us grew up thinking that if we planned well and played by the rules; we’d never have to stand by as our financial lives unraveled.

But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.

The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty. And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects.

The impact of foreclosure is huge and the sad fact is that it’s often avoidable.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.

Among the most important facts to keep in mind: the sooner help is sought, the better the options.

These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact me today and let’s get started.

SELLERS!!! My Lake Worth Florida Townhome Sold In 12 Hours……

It was late in the day on January 30^th when I received a call which I thought was a credit card telemarketer. I reluctantly answered the call to my surprise. It was CitiMortgage calling me to facilitate a short sale for one of their clients. I proceeded to take down the information and contact the seller. It took about a week to meet with the owner to sign the listing agreement, because he no longer lived in the property.

On Monday 2/6, I got the listing signed after the drive from Ft. Lauderdale, and returned back to the office that evening. I normally would put the listing in right away, but I did not have a key yet and still don’t nor have I seen the inside as we speak. There is a tenant in the property, which apparently is a family member. I’m still not sure of the exact arrangement.

Tuesday 2/7 (8pm.), I put the listing in the MLS with a few photos of the outside and community. Within one hour I received an email from an investor/broker.

Wednesday 2/8 (9am) I had an offer $500.00 over list price. Within the next two hours I had another offer of $12,000 over list. Both of the offers were cash sight unseen.

BOTTOM LINE:

THE KEY IS IF YOU WANT TO SELL YOUR PROPERTY FASSSSST. DON’T HAVE A KEY…