FORECLOSURES
A Foreclosure is a legal procedure initiated by a lender to take ownership of a property when a borrower has failed to make payments for a debt that is secured by that property. Florida follows judicial Foreclosure action. Pre-foreclosures represent properties whose owners are in default of their mortgage obligation but who still retain title to their properties. Owners of properties that are in Pre-foreclosure may be able to save their home from the foreclosure process.
Buyers
Cash in on the booming Foreclosure market. Discover hard-to-find Foreclosures at rock bottom prices. Take advantage of no tenants to evict, no liens against the property and no past due taxes. Our goal is to help you navigate through the foreclosure process with our expert knowledge of required paperwork, available financing incentives, inspection disclosures, negotiations and title insurance. To begin your search Click Here.
SHORT SALES
A Short Sale is when a home owner sells their home at a price below the remaining mortgage value. This is because the home owner is “underwater”. In other words, more is owed on the home than what it is worth. Since the mortgage lender has to take a loss in a Short Sale, the lender’s approval of the sale price is necessary.
Buyers
In a market comprised of a high percentage of short sale listings, it is very possible that when you find the home of your dreams it will be a short sale. Many short sale properties are listed at or below market value. This can be an advantage for you, as a buyer, if you are willing to “wait” for the lender to complete negotiations with the seller and accept your terms of the offer. Many lenders will consider contributions toward closing costs and they are familiar with government loans. Perhaps the most critical aspect of the short sale process is finding an agent familiar with short sale transactions. Our agents are experts and they are here to help you.
To begin your search, Click Here.
HUD
HUD offers “$100 Down” and “Good Neighbor” programs. HUD Homes are typically priced below market value offering occupant buyers the opportunity for instant equity and offering investors rental income and monetary gain opportunities.
To begin your HUD search Click Here.