ARCHIVED BLOG POSTS
2008
Oh, how your preliminary HUD can make or break your short sale transaction. When you submit an offer to the Seller's Lender on a short sale, you include a preliminary HUD that will detail what the Lender can expect to net with the sale. The Lender requires this in order to approve the offer. T...
03/31/2008
More and more homeowners are being faced with what to do when they need to sell their home and their home is no longer worth what they owe for their home. I talk to many distressed homeowners who simply don't know what to do in their situation and after determining that they qualify for a short s...
03/30/2008
14
Comments
I'm happy to report that Short Sales do happen and do close. In fact, I just closed on one today that gained lender approval on a 1st and 2nd, including Countrywide, that took 39 days for combined approval! The 1st took less than 82% of fair market valueThe 2nd took what seems to be a standard fo...
03/27/2008
I've been noticing a lot of homes in Pre Foreclosure whose MLS listing makes no mention of this, no mention of it being a short sale, nothing. Why? Aren't these sellers motivated? Where is the sense of urgency? Or is this simply because the Agent doesn't know the home is in Pre Foreclosure? But t...
03/21/2008
14
Comments
There is certainly a lot of talk these days about Short Sales. Too much talk about how bad they are. I'm seeing questions and commentary pop up all over these days indicating that one should stay away from short sales that they take too long and seldom close. Sure a great majority may take longe...
03/20/2008
Buy this just reduced Foreclosure in Coral Springs; a fabulous Condo in the heart of Coral Springs! Lynn Pineda | Keller Williams Partners Realty | lynnp@imagineyourhouse.com | 954-464-1100 8913 NW 28th Dr #A Unit 37, Coral Springs, FL Coral Springs Foreclosure Buying Opportunity has tranquil wat...
03/20/2008
Lynn Pineda | Keller Williams Partners Realty | 954-464-1100 5761 Riverside Dr #103, Coral Springs, FL Coral Springs Short Sale Buying Opportunity 1 Bdrm Condo offered at $120,000 Year Built 1987 Sq Footage 918 Bedrooms 1 Bathrooms 1 full, 0 partial Floors 1 Parking Unspecified Lot Size Unspecif...
03/20/2008
0
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Price reduced June 20th - act now to own this fantastic home! Reduced to $149,00 Lynn Pineda | Keller Williams Partners Realty | lynnp@imagineyourhouse.com | 954-464-1100 3380 Commodore Court, West Palm Beach, FL Short Sale home priced below appraisal for sale in West Palm Beach Florida. Bank is ...
03/18/2008
0
Comments
How is the Real Estate in Coral Springs Florida? What's selling? What are the average prices? How long have homes been on the market? What Coral Springs Florida neighborhoods are selling?Let's take a look at what sold here in Coral Springs during February 200840 homes were soldThe average price w...
03/11/2008
should I mail in the keys?If you are experiencing a financial hardship and can't pay your mortgage payment, consider selling your home as a short sale where your lender will allow it to be sold for less money than you owe. Why would the lender allow me to do that, you might be asking? Well, let'...
03/11/2008
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