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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!
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Site Plan of Isola Bella Lake Worth
Directions to Isola Bella Lake Worth:
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Isola Bella Lake Worth Florida Real Estate - Homes For Sale
Isola Bella is a gorgeous guard gated community located in Lake Worth Florida. Homes for sale in Isola Bella offer top rated schools that are nearby along with easy access to the Florida Turnpike. Major shopping, fine dining and entertainment are also in every direction of Isola Bella.
Isola Bella is a Mediterranean styled community. There are two separate subdivisions in Isola Bella; The Amalfi Collection which offer Single Family Homes and The Positano Collection which off Estate Homes.
The Afalfi Collection in Isola Bella will have 340 Single Family Homes with living square footage ranging from 1,985 to 3,230. This community has it's own guard gated entrance just east of the Positano Collection.
The Positano Collection in Isola Bella will have 197 Estate Homes with living square footage ranging fro 2,730 to 5,433. This community also has it's own guard gated entrance located just west of the Amalfi Collection.
Isola Bella has great amenities which include:
For more information about Isola Bella and Lake Worth Florida Real Estate visit: Isola Bella Real Estate
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