Destin, FL Condo Foreclosure Search
Please visit mainsailrealtycompany.com to search foreclosures and please join my Deal Alert mailing list to receive email updates on the best priced bank owned properties as soon as they hit the market.
To search Destin, Florida Condo Foreclosures please click the link below
Destin, Florida Condo Foreclosure Search
Destin, Florida Foreclosure Help: There are many options available other than foreclosure. I am a "certified distressed property expert" and have the experience necessary to help you avoid foreclosure. Please call me at 850-585-1284 or email me at clayton@mainsailrealtycompany.com for foreclosure help.
Clayton Bonjean, Broker, MBA, CDPE, SHORT SALE SUPERSTAR
Mainsail Realty Company
Destin, FL 850-585-1284
To search Destin, FL and surrounding area REOs (Bank Owned) properties please click the link below.
Destin Florida Foreclosure Search
Destin, Florida Foreclosure Help: There are many options available other than foreclosure. I am a "certified distressed property expert" and have the experience necessary to help you avoid foreclosure. Please call me at 850-585-1284 or email me at clayton@mainsailrealtycompany.com for foreclosure help.
REO Strategies - Financing
Tip #1
I was working on a REO today for a client. The House we found was priced aggressively and the bank holding the property offered to finance the house. The terms were excellent and the rate was discounted. This is one of the advantages of purchasing REOs from banks. On a good scenario, one could pick up a property at a distressed price and secure discounted financing from the bank holding the property. This was very common in Destin, Forida in the 1980s and we may see more and more of this in the coming months.
Banks do not want to be in the real estate business and some are willing to offer special terms to get out. When working on an REO, be sure to inquire about any "Special Financing Opportunities". You may find the bank happy to finance their property.
Please visit me at www.mainsailrealtycompany.com. You may also search area foreclosures by utilizing our Destin, Florida Foreclosure Search
Clayton Bonjean, Broker
Mainsail Realty Company
DESTIN FL FORECLOSURES
Destin, Fl Foreclosures can present fantastic buying opportunites. I understand all aspects of the foreclosure buying and selling process and would love to help you achieve success.
Search Foreclosures in Destin, Sandestin, Miramar Beach, Santa Rosa Beach, Seagrove, Niceville, Freeport and Fort Walton Beach by clicking the link below.
DESTIN FLORIDA AND SURROUNDING AREA FORECLOSURES
Sign up to recieve weekly foreclosure updates at DEAL ALERT!
Destin, Florida Foreclosure Help: There are many options available other than foreclosure. I am a "certified distressed property expert" and have the experience necessary to help you avoid foreclosure. Please call me at 850-585-1284 or email me at clayton@mainsailrealtycompany.com for foreclosure help.
Clayton Bonjean, Broker, MBA
850-585-1284
clayton@mainsailrealtycompany.com
Click the link below to search home, condo, and lot foreclosures in Sandestin, Florida.
Sandestin Foreclosure and Property Search
Destin, Florida Foreclosure Help: There are many options available other than foreclosure. I am a "certified distressed property expert" and have the experience necessary to help you avoid foreclosure. Please call me at 850-585-1284 or email me at clayton@mainsailrealtycompany.com for foreclosure help.
Please take the time to visit my site at www.mainsailrealtycompany.com. I have the most current and up to date foreclosure information available. Foreclosures are increasing and it is a great time to buy real estate in Sandestin, FL.
Clayton Bonjean, Broker
Mainsail Realty Company
clayton@mainsailrealtycompany.com
850-585-1284
Search foreclosures in Destin, Sandestin, Santa Rosa Beach, and surrounding areas at www.mainsailrealtycompany.com
This article contains useful information regarding the short sale and the reo property "Bank Owned". A short sale is an attempt for a borrower (seller) to avoid a foreclosure by selling the property for less than the amount of the loan. The borrower (seller) will request that the bank forgive the deficiency and it is better on their credit score than a foreclosure. The bank is often open to this because it can cost them less money in the long run than the foreclosure process. The borrower must show the bank that they are unable to pay their note and most banks will not even discuss the short sale until the borrower is over 90 days past due.
In a short sale, the borrower (seller) can place the property on the MLS "multiple listing service" for whatever price he and the agent would like in hopes that the bank will accept the offer. The "undervalued" short sale creates a false and deflated value and often a disappointed buyer because the bank, after their analysis, declines the offer. The short sale process can easily take 90 days; therefore; a buyer needing a house today may not be a good candidate for a short sale but most importantly the bank may decline a full price offer because the seller (borrower) priced the property too low. Another thing to consider is that during the long waiting period, the bank may receive a better offer. If a buyer has time to kill, a short sale can work, but if it seems too good to be true, it probably is. My fear is that some of the short sale listing prices (which are deflated and not accurate) are damaging our market because some buyers do not understand the process and think this listed short sale price is the real value. I have seen situations where the short sale sold price "final price" is more than the actual listed price. I think it is important for buyers to understand this process to avoid frustration and wasted efforts. Many successfull short sales have taken place, but they were priced correctly and it took time for the bank to review and accept the offer. An ideal short sale is a situation is the "pre-approved" short sale. The pre-approved short sale price and terms have been worked out with the bank prior to the contract and these can be done quickly. Every bank has a different policy when it comes to short sales, therefore, the results can vary from bank to bank. If you are a borrower in a situation where short sale or foreclosure advice is needed, I strongly recommend that you consult with an attorney. This will be money well spent.
On the other hand, the purchase of a REO (Real Estate Owned) property seems to be an easier strategy. The REO property is bank owned and past the foreclosure process. They are often priced aggressively and offer the ability of an inspection and a quick closing. The list prices are real and one making a good offer with solid funding should be able to close the deal. Currently there are many more short sales on the market than REOs but this will change as the banks begin to hold more and more properties.
Another mistake that many purchasers make is ruling out traditional properties that are not in the short sale or reo category. You may have a seller that has owned the property for many years with a low cost basis and is realistic on price or you may have a seller that can afford to sell the property for less than owed without involving the bank in the sale or "Short Sale". Many buyers make the mistake of ruling out these opportunities. This is where the benefit of having a realtor comes into play. A good realtor understands the market and can advise you on the best opportunities. Please check out my website at mainsailrealtycompany.com and let me know if I can help you in any way. I have worked in real estate on the Emerald Coast of Florida for over 10 years and have a great understanding of Destin, Sandestin, Miramar Beach, 30A, Santa Rosa Beach, WaterColor, WaterSound, Rosemary Beach, Alys Beach, and Seacrest. I service Okaloosa and Walton Counties.
Clayton Bonjean
Broker
Mainsail Realty Company
clayton@mainsailrealtycompany.com
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." Warren Buffett
Residential real esate broker with a focus on REOs, short sales and aggressively priced properties.
Please join our Deal Alert email list and I will send you weekly email updates when REOs, Foreclosures, and Distressed Properties hit the market. Also take the time to view my Destin, FL Area Foreclosure Search.
Mainsail Realty Company specializes in residential real estate in Miramar Beach, Santa Rosa Beach, Destin, Sandestin, and Niceville Florida. The firm was founded in 1981 by Dewitt "Sparky" Lovelace. Clayton Bonjean joined Mainsail Realty in 1998 as an agent and became the broker in 2008.
The broker, Clayton Bonjean, received a degree in Marketing from the University of Mississippi and a Masters of Business Administration from the University of Alabama at Birmingham. After schooling, he worked as an Account Executive, Director of Sales, and Operations Manager for Checkcare Systems in Birmingham, Alabama. In 1997, Clayton moved to Destin, Florida to manage Lovelace Interiors. In 1998 he received his real estate license and has been involved in many successful Real Estate transactions as both an agent and investor. "I am very excited about the Emerald Coast real estate market and I look forward to helping you buy or sell your dream home." Clayton Bonjean
Clayton recently completed his CDPE "Certified Distressed Property Expert" designation and "Short Sale Superstars" short sale training. Clayton has the experience necessary to help buyers and sellers of distressed properties.
MARKETING
Katie Bonjean is the director of Marketing for Mainsail Realty Company. Katie moved to the area and initially worked as the morning news anchor for the Panama City NBC affiliate "News Channel 7". Katie then went on to work for many years as a new development marketing manager for Intrawest. Katie started the marketing program at Wild Heron and later was promoted to Real Estate marketing manager for Sandestin Resort. Her training and experience in the local market is unsurpassed.
At Mainsail Realty, we advertise in targeted publications, utilize aggressive email and internet marketing, send out new listing post cards, host open houses, and list your property on the local MLS and Realtor.com. Your property will also be featured on the Mainsail web site with a specified web address dedicated to your property. We have a vast network of clients, realtors, and potential investors on our mailing lists.
Short Sales, Bank Foreclosures, REOs, and Distressed Properties
The Emerald Coast real estate market has changed drastically over the past few years. Opportunity is knocking and savvy investors are acquiring properties at rock bottom prices. Mainsail Realty Company can help you locate these properties. We also understand the advantages and disadvantages of short sales, reo's, bank foreclosures, and distressed properties.
Mainsail Realty Company is located within the Lovelace Building at 12870 US Hwy 98 West in Miramar Beach (next to the Miramar Beach McDonalds and within Lovelace Interiors and the Destin Design Center). You can enter through the side entrance anytime Monday through Friday after 8:30 A.M.
Please join our Deal Alert email list and I will send you weekly email updates when REOs, Foreclosures, and Distressed Properties hit the market. Also take the time to view my Destin, FL Area Foreclosure Search.
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