Paola Lombardi

This Month's News:

Foreclosing- the wrong thing to do is nothing

Short Sales/Bank Owned: the super-deals?

Hot Deals / Drastically Reduced List of the Month

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As foreclosure rates hit record levels and property values have decreased in many areas, more sellers are turning to short sales as a way to avoid foreclosure.
In fact, of all available options, foreclosure is the worst.

As many of you already know our office specialize in short-sales, we have been doing this for over 3 years now, and only this year we have already closed over 40 short sales transactions successfully. Yes, they are a lot of extra work, but the payoff is certainly more than just a commission on these deals when we succeed. Everyone wins every time we keep another one from ending up in foreclosure.

So, what is a short sale and how does it work?

In a short sale, we arranges with the seller's mortgage lender to accept a price that's less than the amount they owe on the property. As part of this arrangement, the lender may even agree to forgive the rest of the loan. As a result, the seller is able to get out from under a mortgage without destroying their credit rating, the lender is saved the time and expense of foreclosing on the property, and the buyer gets a below-market price on a home.
We work with professional mediators who negotiate the deal with the seller's lenders and the whole transaction is at NO COST to sellers. All closing costs, realtors commissions, negotiator costs are at NO COST to sellers!

The good news is that banks don't want to take your home back. There's no money in it for them.

Banks lose money when they foreclose on homes, which means it's in their self-interest to work with borrowers who are in trouble. That is why we have been so successful for over three years negotiating short-sales.

So, if you know anyone who is facing foreclosure or cannot keep up their mortgage payment any longer, please pass them this e-mail!!

They will thank you forever you did. We have almost all our listings under contract - we are looking for more properties to market for sale as short sale transactions.

Our team is made up of licensed Realtors^® that specialize in avoiding foreclosure. We will NOT buy your home, but will assist you in selling your home quickly. At no cost to you.

Call today 727-461-0400.

Are you a Buyer?

Large homes, at Fire Sale Prices!

Are you a Buyer? You couldn't be in better hands. Foreclosures are a great bargain in real estate right now. The only problem is, everyone knows it. So that means the competition is heating up for the best deals. However, if you do your homework and get prepared, you can put yourself in the best position possible to take advantage of some fabulous opportunities to save money when you buy a house in foreclosure.

If you are a buyer remember this: for now and many months to come the Short Sales or the Bank Owned Property are unquestionably the best deal in real estate, and we decided to deal with it in the best possible way: helping you to get them. You will be surprised how low some sellers' lenders would let you go. ;-)

Two kinds of best deals:

1) Foreclosed properties (bank owned homes that the bank really wishes they didn't own, as now they have to maintain it, pay property taxes, cut the lawn, and try to sell it into the same overloaded market in which it probably did not sell for months before foreclosure, so they better sell it really cheap and really fast); or

2) Short Sales (buying for much less than the mortgage owed on it with the lender's approval. The buyer is happy because he gets a bargain, and the bank is pleased to have the situation solved without having to foreclose on it. It also muddies the waters and gives the impression something is being done to solve the crisis).

We personally spend a fair amount of time searching SHORT SALES, Sellers that are motivated, bank-owned, and developer's close-out specials, and we are getting some GREAT Deals for our Buyers.

And now, if you are still with me ...

OUR NEW SELECTION OF SUPER HOT DEALS

Yes, these are real, not teaser advertisement, and as I write this newsletter

they are still available, but most of the ones I had prepared last week

are gone, so if you are interested be fast :-)

** SHORT SALE ** MUST SELL - bring offers. 2,600 pool home ONLY $181,000.Short-sale (buy it for less than the aprox $400K mortgage owned on it) - Super spacious POOL home on double corner lot in a beautiful area adj. to the Country Club and Downtown Clearwater. Very nicely maintained and decorated. Great fenced backyard with screened pool, entertainment area, separate garage or workshop. 4 large bedrooms, 3 baths, lots of living space, original beautiful hardwood floors, lots of windows and huge family room with fireplace. Almost 2,600 sft heated. - This is the home you have been waiting for - at a fraction of its market value!- Call 727-488-4825 or Click HERE for more info

** SHORT SALE EXECUTIVE WATERFRONT TOWNHOME AT THE BEACH ONLY 599k** Incredible short-sale opportunity. pay less than the mortgage owned on the property (Over 730K). NORTH SIDE WITH OPEN WATER VIEWS. IMMACULATE UNIT W/NUMEROUS UPGRADES: UPDATED KITCHEN W/EXTENDED COOKING ISLAND W/SEATING, GRANITE COUNTERS, BUILT-IN OFFICE CLOSET, BUILT-IN ENTERTAINMENT CENTER, RENOVATED: INSIDE FEELS LIKE NEW CONSTRUCTION. BOAT SLIP WITH 13,000 LB LIFT. SURROUND SOUND, NUMEROUS BUILT-IN SPEAKERS. TWO BONUS ROOM WITH BUILT-IN OFFICE; STORAGE AREA. WALK TO PRIVATE HEATED POOL, BEACH/GULF ACROSS STREET. LOW MONTHLY MAINTENANCE FEE $185, 727-461-0400 or E-mail for more info

SUPER HOT DEAL BANK OWNED ONLY 599k - luxury townhome has top amenities featuring 3150 sq. ft. 4 bedrooms, 4.5 baths including private guest suite with fully appointed kitchen, hard wood and porcelain tile floors, granite counters, elevator, private splash pools, crown moldings, and awesome views. Don't miss out come and see Call 727-461-0400 Village Reality pre-foreclosure / bank owned buyer's agent specialist click here for more info & photos

SUPER HOT DEAL BANK OWNED ONLY 574k - OVER 1 MILLION DOLLARS LOANS ON IT BEFORE FORECLOSURE! FABULOUS 3 BEDROOM 3 BATH WATERFRONT PROPERTY WITH A DOCK. HAS NEWER KITCHEN CABINETS AND COUNTERS, SITUATED ON BEAUTIFUL ISLAND ESTATES. Call 727-461-0400 Village Reality pre-foreclosure / bank owned buyer's agent specialist click here for more info & photos

SUPER HOT DEAL BANK OWNED - NEW ON THE MARKET 7,345 sft 6 BR/5 BA, pool luxury home. BANK OWNED NOW $545,000 - You're going to love this luxurious 6 bedroom, 5 1/2 bathroom home in Coachman Ridge, 7,345 sft! Its elegant French doors, 3 fireplaces, multiple dining areas, large kitchen with cooking island, 2 wet bars, marble floors, large pool and screened lanai make this home ideal for entertaining guests! Being sold as-is. Finance with Regions Bank and have NO CLOSING COSTS, no private mortgage insurance, no payment penalty, no inspection requirements, no exclusions for land, condos, or investment property type, and a minimum 10%+ down regardless of investment status or property type. For a credit score of 700+, receive as low as 3.5% interest, extendable up to 30 years! In 2006 Foundation Stabilization was completed. Call 727-461-0400 Village Reality pre-foreclosure / bank owned buyer's agent specialist click here for more info.

SUPER HOT DEAL BANK OWNED ONLY 480k - PAID OVER 940k IN 2006! Never lived in--champagne taste on a beer budget! Four bedrooms, three baths over 3500 sq ft of living space in prestigious Tarpon Springs. Walking distance to schools, park, and bayou--only one mile from Fred Howard Park and the Gulf! The entire top floor is a Master Suite with its own balcony and wet bar. All granite kitchen & baths, hardwood floors. THIS IS NOT A SHORT SALE--QUICK ANSWER BACK ON ALL OFFERS! Call 727-461-0400 Village Reality pre-foreclosure / bank owned buyer's agent specialist click here for more info & photos

BANK OWNED!!! ONLY $170,900 3BR/2BA new condo of over 1830 sft!!! Brand new Golf Course Community in Largo. Bank owned. Financing available at 4.95% for qualified buyers. Garage available for purchase. Price reduced by 20%. Serious buyers welcome-2Br units from 135K!- Call today 727-461-0400 Village Reality of Clearwater or Click HERE for more info

*** SHORT SALE ** MUST SELL - ONLY $90,000 - (Last sale in same complex $230,000.) Clearwater, minutes to the beaches, shopping and schools. Short Sale opportunity! Pay less than the mortgage owed on it! This gorgeous corner townhome was built 2006. Open floor plan on main floor with fully equipped kitchen. Master suite + 2 bedrooms are upstairs. You also own the land with this Townhome!! A few minutes more and you're on the white sandy beaches! 727-461-0400 or E-mail for more info

** SHORT SALE EXECUTIVE WATERFRONT TOWNHOME AT THE BEACH ONLY 599k** Incredible short-sale opportunity. pay less than the mortgage owned on the property (Over 730K). NORTH SIDE WITH OPEN WATER VIEWS. IMMACULATE UNIT W/NUMEROUS UPGRADES: UPDATED KITCHEN W/EXTENDED COOKING ISLAND W/SEATING, GRANITE COUNTERS, BUILT-IN OFFICE CLOSET, BUILT-IN ENTERTAINMENT CENTER, RENOVATED: INSIDE FEELS LIKE NEW CONSTRUCTION. BOAT SLIP WITH 13,000 LB LIFT. SURROUND SOUND, NUMEROUS BUILT-IN SPEAKERS. TWO BONUS ROOM WITH BUILT-IN OFFICE; STORAGE AREA. WALK TO PRIVATE HEATED POOL, BEACH/GULF ACROSS STREET. LOW MONTHLY MAINTENANCE FEE $185, 727-461-0400 or E-mail for more info

NEW TOWNHOME INVESTMENT - FACING THE POND! Still one of the best buy in Clearwater, near Dunedin. 3BR/2.5BA/1 car garage townhomes in the heart of the city from ONLY $185,000. One of the best builders around-beautiful floorplan. Click HERE for more info.

Would you like to check out even more Deals ? Click Here!

HOMES under 200k CONDOS under 150K DRASTICALLY REDUCED


Call us for a FREE consultation 727-461-0400 or Sign Up HERE to receive automatic e-mails of all new properties coming on the market. As always, without obligation!

WE'RE HERE TO HELP - Our goal at Village Reality is to help you find good properties, whether you're looking to buy your first home, a home-away-from-home, or an investment or commercial property. We work hard to find good properties that are priced right, and to offer properties that we are proud to present.

Our website, www.ClearwaterPostulate.com , gives you ALL the latest of our local market, and great real estate deals. Visit our Condo Conversion page, the HOT DEALS page and the MOST POPULAR BUYS page. We update it frequently, so there's always something new to find out.

Yours,

Paola Lombardi

Broker of Village Reality

727-488-4825

Main Office 727-461-0400
Office Fax 727-216-3469

info@ClearwaterPostulate.com