“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
HomeFloridaPalm Beach CountyWest Palm Beach

West Palm Beach, FL

Blog_tag

Speechless Sundays - "After The Rain"

02-07-10
Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies
Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies: Real Estate Trainer in West Palm Beach, FL
  • view my blog
  • Office: (561) 685-5555
  • Mobile: (561) 685-5555

Steve Hoffacker's Speechless Sundays Photos

───

For more information on my coaching and educational programs and services, visit my website stevehoffacker.com or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. You can also listen to my free podcast messages at Steve Hoffacker's Happenings.

© Steve Hoffacker, 2010. All Rights Reserved.

Photography displayed is original composition and artistic expression of Steve Hoffacker, and as such is copyrighted. Photos are in their original digital image state and have not been cropped, edited, or enhanced in anyway.

12 Comments
Blog_tag

Silent Saturday - "Bee-utiful"

02-06-10
Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies
Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies: Real Estate Trainer in West Palm Beach, FL
  • view my blog
  • Office: (561) 685-5555
  • Mobile: (561) 685-5555

Steve Hoffacker's Silent Saturday Photos

───

For more information on my coaching and educational programs and services, visit my website stevehoffacker.com or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. You can also listen to my free podcast messages at Steve Hoffacker's Happenings.

© Steve Hoffacker, 2010. All Rights Reserved.

Photography displayed is original composition and artistic expression of Steve Hoffacker, and as such is copyrighted. Photos are in their original digital image state and have not been cropped, edited, or enhanced in anyway.

25 Comments
Blog_tag

The Short Sale Closing That Was Saved In The 11th Hour!

02-06-10
Nestor & Katerina Gasset Realtors® Wellington Florida Luxury Homes
Nestor & Katerina Gasset Realtors® Wellington Florida Luxury Homes : Real Estate Agent in Wellington, FL
  • view my blog
  • Office: (561) 753-0135
  • Mobile: (561) 502-1577
  • Secondary: (800) 444-3316

The Short Sale Closing That Was Saved In The 11th Hour!



Short Sale- West Palm Beach Condo- The Slade the slade short sales west palm beach fl



Short Sale Lender: BankUnited Florida - One Mortgage

Condo Fees- Current

Mortgage- Lis Pendens

Source Of Listing- Referral from our attorney- she does not do short sale negotiating.

  • Bank approval in less than 60 days.


  • Cash buyers


  • Hardship- Investment underwater, business decision


  • Seller had to pay for HOA fees, attorney fees and a few minor title fees.



The first buyers were a group of investors who failed to perform on their contract at the end of the day.
We went through the whole short sale process, negotiated the short sale with the bank and the sellers.
This was an investment purchase. Our attorney who was doing the closing and the buyers' attorney went back and forth settling title issues.
The buyers then failed to wire the cash to our attorney's trust account within the time frame. We felt worst for their agent who could not even reach the buyers!

The date to close was coming up fast so we put the condo back on the market right away with the accepted price as an approved short sale.
This lender allows substitutions of buyers.


With less than a week to meet the lender's deadline for closing- we hoped for the best.

We were racing against the clock! Could we do it? It would have to be a cash buyer to close that quickly.

So to work we went and:

Within 24 hours we had another cash buyer. The buyers' agent stepped right up and their buyer did the home inspection within hours of signing the contract, wired the money into our attorney's account, Milet called the negotiator to tell her that we were sending her a new HUD for approval because we changed out the buyer and then we set the closing time!

So we closed this West Palm Beach short sale in the 11th hour, the day of the deadline to close on the approved HUD!

The attorney sent us this email:

"You guys did an amazing job on this deal. I cannot believe you found a new buyer and we closed it in a week."


Then the buyer's agent called us right after closing to ask us to list the property sold in the mls straight away because his buyer was putting the condo back on the market- he is flipping the property.
Sold price $139,000. He put it back on the market for $190,000.

There are some good flipping opportunities for skilled and experienced investors in our West Palm Beach Condo Market!

Avoid Foreclosure! Call Nestor and Katerina Gasset for Short Sale Information Today- 561-753-0135 or learn more at Short-Sales-Florida.com.

Search for your Home here Short Sale Information

To view Florida Short Sales- Click here. We know Palm Beach County Short Sales and Port St Lucie Florida Short Sales and will help you get your home Sold if you need to Sell your home and help you buy your home in Palm Beach County Florida: Call us today.

Subscribe AR-Members Subscribe to my blog by email

Follow Coach Katerina on Twitter! Add Coach Katerina on Facebook! Watch us on YouTube!Wellington Homes RSS Feed Join me at StumbleUpon I'm on Flickr! Check out my Google Profile! Subscribe to my FriendFeed! View my LinkedIn profile!

Copyright © 2010 By Katerina Gasset, All Rights Reserved.*The Short Sale Closing That Was Saved In The 11th Hour*

16 Comments
Blog_tag

Silent Saturday - "Busting Out"

02-05-10
Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies
Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies: Real Estate Trainer in West Palm Beach, FL
  • view my blog
  • Office: (561) 685-5555
  • Mobile: (561) 685-5555

Steve Hoffacker's Friday's Fotos Photos

───

For more information on my coaching and educational programs and services, visit my website stevehoffacker.com or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. You can also listen to my free podcast messages at Steve Hoffacker's Happenings.

© Steve Hoffacker, 2010. All Rights Reserved.

Photography displayed is original composition and artistic expression of Steve Hoffacker, and as such is copyrighted. Photos are in their original digital image state and have not been cropped, edited, or enhanced in anyway.

17 Comments
Blog_tag

Friday's Fotos - "Pretty In Pink"

01-29-10
Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies
Steve Hoffacker - Real Estate Sales & Marketing Consulting and Strategies: Real Estate Trainer in West Palm Beach, FL
  • view my blog
  • Office: (561) 685-5555
  • Mobile: (561) 685-5555

Steve Hoffacker's Friday's Fotos Photos

───

For more information on my coaching and educational programs and services, visit my website stevehoffacker.com or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. You can also listen to my free podcast messages at Steve Hoffacker's Happenings.

© Steve Hoffacker, 2010. All Rights Reserved.

Photography displayed is original composition and artistic expression of Steve Hoffacker, and as such is copyrighted. Photos are in their original digital image state and have not been cropped, edited, or enhanced in anyway.

7 Comments