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Home Evelina Tsigelnitskaya www.SIBRealty.com 305-931-6931

Evelina Tsigelnitskaya www.SIBRealty.com 305-931-6931

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Trump Palace • SIB Realty 305.931.6931 • Amazing 3/3 • Ocean view!

03-02-08
Evelina Tsigelnitskaya www.SIBRealty.com 305-931-6931

TRUMP PALACE RENTALS 305-931-6931

3/3,5 TRUMP PALACE ONE OF THE BEST

$1,700,000.00 sale

$5700 rent/month

THIS SUPER QUALITY AND MODERN STYLE LUXURIOUS FULLY FURNISHED 3 BD & 3.5 BATH APARTMENT OFFERS YOU UNOBSTRUCTED PASS-THROUGH DIRECT OCEAN & BAY VIEW. MARBLE & PARQUET WOOD FLOORS. KITCHEN W/GRANITE FLOORS & COUNTERS, CROWN MOLDING, COSINE ITALIAN CABINETS, DISHWASHER-GAGGENAU OVE-MIELE, GLASS TOP, & SUBZERO REFRIGERATOR. PRIVATE ELEVATOR ENTRANCE. FLOOR TO CEILING GLASS & 10 FT CEILINGS. ALL BEDROOMS HAVE PARQUET FLOORS, VENETIAN STUCCO WALLS IN EVERY ROOM .WOOD PANELS FOYER, DESIGNER LAMPS AND MUCH MUCH MORE!!

To request more information, contact...

SIB Realty • 18206 Collins Ave. Sunny Isles Beach, FL 33160 • Phone: 305.931.6931

Great location in the heart of SIB! Buy, Sell, Rent in SIB ( Sunny Isles Beach ) with SIB Realty

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Oceanview January 2008 Foreclosure

01-16-08
Evelina Tsigelnitskaya www.SIBRealty.com 305-931-6931
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Sunny Isles Beach Foreclosure Sales

SIB Realty • 18206 Collins Ave. Sunny Isles Beach, FL 33160 • 305.931.6931

Stop Foreclosure!

Bring your offers

January 2008

•19380 Collins Avenue , 3/2, 1665 sq. ft

•19380 Collins Avenue , 2/2, 1525 sq. ft

•19390 Collins Avenue , 1/1, 1005 sq. ft

To request more information, contact...

SIB Realty • 18206 Collins Ave. Sunny Isles Beach, FL 33160 • 305.931.6931

E-mail SIB Realty or call 305.931.6931
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Winston Towers www.WisntonTowersSunnyIslesBeach.com Rent

01-14-08
Evelina Tsigelnitskaya www.SIBRealty.com 305-931-6931

Winston Towers  174 Street and Collins Sunny Isles Beach 33160

SIB Realty • 18206 Collins Ave. Sunny Isles Beach, FL 33160 • 305.931.6931

 

www.WinstonTowersRentals.com

www.WinstonTowersSales.com

www.WinstonTowersSunnyIslesBeach.com

Winston Towers Sunny Isles Beach Rentals ◄ Click here to view details.

Winston Towers Condos are located at Sunny Isles Beach - Collins Avenue and 174 Street. Roomy, spacious, bright. Walk to the Beach, shops and restaurants. The Winston Towers in Sunny Isles Beach has spectacular views of the ocean. The Winston Towers condo is an ideally situated real estate. It is minutes away from South Beach, near shops in Bal Harbour and Aventura Mall. Nightlife and restaurants are within walking distance. The Winston Towers condos are across the street from Sunny Isles Beach Park where you can enjoy the Atlantic Ocean.

Sunny Isles Beach Winston Towers About Sunny Isles Beach Sunny Isles Beach, the City of Sun and Sea, is located on a barrier island in the northeast corner of Miami-Dade County, bounded by the Atlantic Ocean on the east and the Intracoastal Waterway on the west. Golden Beach lies to the north, Bal Harbour and Haulover Park are immediately to the south.

Sunny Isles Beach is midway between downtown Miami and Fort Lauderdale with easy access to business centers, entertainment, sports and recreational facilities, and tourist attractions. Residents and visitors can fly into either Miami International or Fort Lauderdale/Hollywood International airports, or cruise into the Port of Miami or Port Everglades and be in Sunny Isles Beach within 20 to 30 minutes.

There are seven buildings : Winston Towers 100, Winston Towers 200, Winston Towers 300, Winston Towers 400, Winston Towers 500, Winston Towers 600, Winston Towers 700. Cats are OK, Dogs are NOT. From Studio To 3 Bedroom. Some of the units are offered furnished.

Studio   595 sq. ft  From    $ 900.00/Month
1 Bedroom/1-1.5 Bath  1081 sq. ft  From  $ 1200.00/Month
2 Bedroom/ 2 Bath  1232-1860 sq. ft  From  $ 1300.00/Month
3 Bedroom/2- 3 Bath  1760-2267 sq. ft  From  $ 1800.00/Month

 

To request more information, contact...

SIB Realty • 18206 Collins Ave. Sunny Isles Beach, FL 33160 • 305.931.6931

E-mail SIB Realty or call 305.931.6931

 
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Short Sale • Act now • You need to know your options when it comes to your home.

09-09-07
Evelina Tsigelnitskaya www.SIBRealty.com 305-931-6931

In real estate, a short sale refers to the sale of a property in which the sale price is insufficient to pay off all encumbrances and pay the expenses of sale. If the lender is convinced that the owner, for various reasons, is unable to continue making the payments the lender will often agree to take less that the full amount owed to allow the sale to close escrow. The incentive for the bank to approve a short sale is to have the property sell before the loan becomes a problem account on their books.


This Process may be difficult to believe but it is a definite possibility. As stated below there are hoops to jump through. Banks are willing to allow individuals to assume the loan if they meet the required criteria. This is a system that works because the banks do not want to hold property for one but they also do not want to pay a fee (at times up to $25,000) in order to send the property through the foreclosure process.

Before a lender approves a short sale they will make two key decisions.
First, can the owner afford to continue making the payments on the property? If they can there is no reason for the bank to eat the loss. Banks will not look favorably upon a borrower that they determine lied to get the loan.


Second, will approving the short sale leave the bank in relatively the same position as they are likely to be in by going though the foreclosure process and then selling the property? If the bank can do significantly better by foreclosing they are likely to do so.


The seller must not receive any sale proceeds for themselves.
If there is a junior lienholder, the discounts can be substantial, sometimes as high as 90% or more. Question two is the primary determinant here. If the senior lender forecloses the junior may get nothing so they may take a deep discount to get something out of the property.


Short sale sellers need to be careful because there is no free lunch. The seller may end up with taxable income in the amount of the debt that is forgiven. The seller may also end up with adverse entries in their credit history. Any property owner considering a short sale needs to seek the advice of competent legal and tax advisors before entering into the transaction.

See Also
Lis Pendens I would advise anyone facing foreclosure to discuss their situation with an experienced Realtor. Short Sales are not a part of real estate basic training but there are a number of educational seminars a Realtor can take to get up to speed. Lenders will pay a reasonable selling commission so Realtors have an incentive to get involved in Short Sale situations. The basic requirements for a Short Sale are a Listing Agreement with a Realtor and a Sales Contract from a Buyer which are submitted to the Lender along with a Hardship Letter from the Seller explaining why they cannot continue to pay the mortgage and supporting documents such as tax returns, bank statements, information and photos of the home and the Comps, or comparative home prices supporting the offer. The way mortgages are sold, the mortgage holder can be anywhere and certainly not aware of local real estate conditions.


If the package is complete, the Lender will order a BPO, or Broker's Price Opinion, from an independent Realtor. Ths BPO is the key to the whole process. If it is too high, the Lender will not accept a low offer. Your Realtor can meet with the Agent doing the BPO and offer information supporting the offer, such as the average time on market of comparable homes, recent selling prices and point out any defects in the home. Most Lenders will accept an offer lower than the BPO, but usually not much more than 10% lower, though that will vary depending on the company.

The sales contract should specifically state that the offer is contingent on the Lender accepting the purchase price in full and forgiving the Seller the deficiency on the mortgage. Yes, there can be tax consequences. The Seller does receive a 1099 on the forgiven part of the mortgage, but there are provisions in the tax code for the offset of the phantom income due to insolvency. Most Short Sellers will satisfy the insolvency requirements or the Lender would not be allowing the Short Sale in the first place. Be aware too that if the home goes to foreclosure, a 1099 is received for the FULL amount of the mortgage, plus late fees, legal fees etc. Obviously every individual situation is different so a CPA or tax attorney should be consulted.


The process does all take time and Lenders are swamped, expect at least 2-3 months before a sale can be finalized, even if the Lender accepts the first offer. If they do not, the price can be negotiated.

The Short Sale is a detailed but fairly straightforward process that can work to benefit Buyer, Seller and even the Lender. The Buyer gets a good price on a home, the Seller gets to avoid the disruption and credit hit of a foreclosure and the Lender avoids the delay and expense of foreclosing on a property they don't want to own and that would negatively impact their ability to make more loans.

Make sure you have people in your life to talk to about your situation. You will need a support network to help through this time in your life. It will pass. And you are being proactive in seeking a short sale of your home. You are taking the right steps, and in time, everything will work out. We can't promise it will be easy, but you will make it!


If you would like to connect with an experienced short sale agent to talk about a potential short sale of your home, go ahead and Contact US . We do not take these requests lightly. Every agent that we have in our network has closed short sales and knows how to negotiated on your behalf. If for some reason you are not satisfied with the help you receive from the agent, please let us know .
By submitting your information you acknowledge that you will be contacted by our agents to help you with a potential short sale of your home. You acknowledge that you are not currently working with a real estate agent, and want an experienced referral to begin potentially short selling your home

Contact US

uestions? Need more information? Call us!

Valeria Mola 305-607-0709

Evelina Tsigelnitskaya 305-931-6931

Call Today. We will help you find your future HOME!

305-931-6931 SIB Realty 18206 Collins Ave. Sunny Isles Beach, FL 33160

Luxury Oceanfront Condo For Sale SIB Realty 305-931-6931

www.SIBRealty.com

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Short Sale • Act now • You need to know your options when it comes to your home.

09-09-07
Evelina Tsigelnitskaya www.SIBRealty.com 305-931-6931

Step 1 - Get Educated

You need to know your options when it comes to your home. If you want to keep your house, but can't make the payments and you owe more than your home is worth, you may look into filing bankruptcy. This will stay the foreclosure process (not forever) and may allow you to stay in your home and repay your lender under different terms.

Deed in Lieu

If you owe more than the home is worth, this is not an option for you. Deed in Lieu means that you give up the house to the bank and walk away. Ie, you give up the deed instead of facing foreclosure.

Short Sale

If you owe more than your home is worth, and don't want to declare bankruptcy or face foreclosure, then a short sale of your home is the best option. A short sale does have potential tax implications.

Step 2 - Get Some Help

This is probably the biggest tip I would give to people who want to sell their home in a short sale. FIND AN EXPERIENCED REAL ESTATE AGENT WHO HAS DONE A SHORT SALE BEFORE. Your real estate agent will be able to deal and negotiate with the mortgage company(ies) on your behalf. An experienced short sale agent will give you a much better chance of successfully short selling your home.

Because there is often so many different entities involved in a mortgage (1st mortgage, 2nd mortgage, the investor on the loan, etc) you really don't want to do this on your own, with no experience. Yes, you'll have to pay commission to the agent, but you'll have a much better chance at getting your debt forgiven with a successful short sale.

WARNING! Just because an agent says they specialize in "short sales" does not mean they have actually successfully done one! There are many classes agents attend regarding short sales, but nothing compares to real world experience.

Step 3 - Get Started Now

The longer you wait to get started with the short sale process the less chance you have of success. Every state is different with their foreclosure process. You need to decide quickly to start the short sale process if you're getting behind on your payments, or have already received a notice of default.

Step 4 - Follow Instructions Exactly

An experienced short sale agent will tell you what you need to do to get the house ready to sell. Don't get too hung up about the price. If the agent wants to set a low price on the house, there is a reason behind that.

In my own short sale, we priced the house pretty low and got an offer very quickly. You need a buyer that is willing to stick around for a super long closing or changes to the agreement. In my case, it took almost 4 months from when we got the offer to when the closing took place. Don't get hung up about the price, all you should care about is getting the place sold.

Step 5 - Know The Tax Implications

While Congress may change this (and in my opinion, likely will with the waves of foreclosures happening and still waiting to happen) you will owe taxes on the debt that is forgiven in your short sale. If you are considered insolvent (your assets are less than your liabilities), you may be exempt from this tax.

Talk to a qualified tax attorney or CPA about this for your particular situation. Your real estate agent should know about this! A good agent will have a quality referral for you to handle the tax implications of your short sale.

Step 6 - Prepare to move quickly

Because your closing date may not be set in stone, you need to be prepared to leave your home quickly if needed. You do not want to end up like me and live in your office for 2 months! Trust me, it's not fun!

A minimalist lifestyle is nothing to be ashamed of; in fact it should be venerated. Your possessions are just inanimate things; it's the relationships in your life that really matter. OK, enough life advice! Sell anything you don't need or haven't used in the last 6 months ! The less you have to deal with on moving day the better.

Step 7 - Prepare yourself emotionally

If you are already in default, or have a foreclosure pending, this whole scenario and process of trying to short sell your home can be very emotionally draining.

You will receive solicitations from everyone and their mother. You may have people stop by your home while you are still there. It can be a very difficult process.

Make sure you have people in your life to talk to about your situation. You will need a support network to help through this time in your life. It will pass. And you are being proactive in seeking a short sale of your home. You are taking the right steps, and in time, everything will work out. I can't promise it will be easy, but you will make it!

If you would like to connect with an experienced short sale agent to talk about a potential short sale of your home, go ahead and Contact US . We do not take these requests lightly. Every agent that we have in our network has closed short sales and knows how to negotiated on your behalf. If for some reason you are not satisfied with the help you receive from the agent, please let us know .
By submitting your information you acknowledge that you will be contacted by our agents to help you with a potential short sale of your home. You acknowledge that you are not currently working with a real estate agent, and want an experienced referral to begin potentially short selling your home

Stop Foreclosure! Act Now SIB Realty 305-931-6931

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