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Darren Nelson (954) 881-8800 Realtor, Foreclosures/REO's, Short Sales

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List of Available Ocean Front Approved Short Sale Condo's in Fort Lauderdale Broward County South Florida

03-10-11
Darren Nelson (954) 881-8800 Realtor, Foreclosures/REO's, Short Sales

OCEAN FRONT APPRROVED SHORT SALE CONDO'S IN FORT LAUDERDALE from $159,000 - $6,495,000!!!!!!


1. Coconut Grove Residences - 1200 Holiday Drive unit 1201 PH - Fort Lauderdale, FL - $6,495,000

2. L'Hermitage II - 3200 N Ocean Blvd. Unit 902 - Fort Lauderdale, FL - $802,000

3. L'Hermitage II - 3200 N Ocean Blvd. Unit 703 - Fort Lauderdale, FL - $740,000

4. VUE Condo - 2011 N Ocean Blvd. Unit N1602 - Fort Lauderdale, FL - $480,000

5. Royal Ambassador - 3700 Galt Ocean Dr. Unit 1405 - Fort Lauderdale, FL - $384,000

6. Regency Tower - 3850 Galt Ocean Dr. Unit 708 - Fort Lauderdale, FL - $210,000

7. Galt Towers - 4250 Galt Ocean Dr. Unit 14J Fort Lauderdale, FL $159,000

* If you would like to see any of these units or any others I am available 24/7 to show you.

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REOs, Short Sales and Foreclosures

02-25-11
Darren Nelson (954) 881-8800 Realtor, Foreclosures/REO's, Short Sales

Welcome to my blog. My name is Darren Nelson and I'm an experienced real estate professional serving the entire Broward County area of Florida. I'm part of the Realtor Association of Greater Fort Lauderdale (RAGFL), Florida Association of Realtors (FAR) and the National Association of Realtors (NAR).

I specialize in REO’s, short sales, and foreclosures. These types of properties have been saturating the market for some time now, creating an awesome buyers market. Here's a quick overview on these properties by type:

A home is in foreclosure when a notice of default has been filed in the public records. This usually translates into a homeowner who has stopped making mortgage payments and the lender has given notice that unless the payments are brought up to date, the property will be sold to the highest bidder. If the homeowner does not bring the loan current, the lender will take the property away from the owner. In the final step of this process, the lender will try to auction the property at a public sale. Real estate investors and home buyers see profit in buying foreclosures because they often buy the property for the amount owed, as opposed to its market value.

A short sale occurs when a home owner is in foreclosure but before the property goes to public auction. Under a short sale, a lender agrees to accept less than what is owed on the property.

Bank-owned properties are called REO's, meaning real estate owned by the lender. Think of an REO as a repossessed home. The process of buying one is similar to buying a short sale except the property is already owned by the lender. The property was acquired by the lender through a foreclosure action and many times the lender will sell the repossessed home for less than the past loan balance.

There are many of these types of properties in Broward County. This is a beautiful and vibrant region to live, work, and raise a family. As an expert in residential and commercial real estate, with a background in the mortgage business, I provide information on current market trends, to help you make informed real estate buying decisions. Feel free to contact me if you have any real estate questions.

Please check out my eNewsletter @ http://CoralShoresRealty.housingtrendsnewsleter.com.

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