Many Sarasota, Florida homeowners that are facing a pending Foreclosure are under the misconception that a Bankruptcy will make all their financial problems go away pertaining to a property that is going into foreclosure. However, this is not necessary true. Let's assume that a homeowner owns a
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12/30/2010
Sometimes a seller does not want to wait for someone to buy their property, especially if they have to make repairs to their property to secure a sale and then continue to wait to find out if the buyer interested in their home is able to secure financing to purchase the property. What is the q
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12/30/2010
Many Sarasota, Florida homeowners that are facing a pending Foreclosure are under the misconception that a Bankruptcy will make their financial problems go away pertaining to a property that is going into foreclosure. However, this is not necessary true. Let's assume that a homeowner owns a p
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12/06/2010
As a Short Sale Real Estate Broker with Keller Williams Realty in Sarasota, Florida my Team (www.TroyFunk.com) specializes in representing sellers facing foreclosure to complete a Short Sale. Our Team has handled over 100 bank-negotiated sales in the Sarasota, Florida real estate market in less
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11/18/2010
Recently one of my sellers attempting to Short Sale their property in Sarasota, Florida received a letter from an attorney out of our area. The heading of the letter read that the correspondence was part of the "National Default Division". The letter went on to state, "We expect that ownershi
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10/26/2010
The homeowner was relieved after they received the Short Sale approval on their Property, after almost a year of waiting for their property to sell and be approved by their lender for a Short Sale. Then just before closing, the title company handling the sale of the property discovered that the
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10/19/2010
Last week came the big announcement that Bank of America, was halting foreclosures in all 50 States. With this recent news, it is expected that more lenders will follow the decision to temporarily freeze foreclosures. Is this Good News for Sarasota, Florida? Currently in the Sarasota Real Est
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10/13/2010
A recent article by Leslie Ebersole from Baird & Warner Real Estate in Illinois, points our the recent changes in some banks delaying foreclosures in 23 States. Florida is fortunately one of those States where many lenders are delaying foreclosures. If you have a home in foreclosure in Sarasot
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10/03/2010
For the past 34days I have been diligent in my daily blog on the 30 day blog challenge and watching the points grow and up ranking increase has been exciting. Just like any goal, the excitement is when you reach the finish line and get the feeling you have accomplished a difficult task. After
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10/01/2010
In a Short Sale, lenders often request that the buyer and seller sign an Affidavit of "Arms Length Transaction". This affidavit usually states wording such as; "No party to this contract is a family member, business associate, or share a business associate, or share sare a business interest wi
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09/30/2010