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South Florida - Condo Foreclosures, Residential Foreclosures in Miami Dade and Broward County


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33144,33155
pattireid

Stop Foreclosure

A recent study by Amherst Securities stated that homes where the homeowner is at least 90 days in arrears on his mortgage payment has less than a 1% chance of catching up.  99% of these homes end up in foreclosure or a short sale.  The state of Florida ranks #1 in the  country in foreclosures and [...]

Authored by Patti Reid | Please Leave A Comment »

James San Martin

The EWM Guys – Esslinger Wooten Maxwell – South Florida’s Luxury Real Estate Team

WWW.REALESTATEONTAP.COM
The Team Approach
The Jason Kapit Team at Berkshire Hathaway’s EWM Realtors, with 10 offices located in South Florida. We concentrate our efforts on high-end residential properties and luxury communities. Jason, James and David have been able to establish an extraordinary resume marketing luxury real estate.  Our clientele recognizes us as the “EWM Guys” whose combined experience and knowledge [...]

Authored by James San Martin | Please Leave A Comment »

James San Martin

Luxury Condo Living – Fort Lauderdale, FL – Las Olas Riverhouse

The Las Olas Riverhouse
(954) 347-3799

    The Jason Kapit Team is an experienced Real Estate team aimed at finding you the best deals in South Florida. With 10+ offices we can service any client in the Tri-County area.  The Las Olas Riverhouse is perfectly located in the heart of Fort Lauderdale. The 42-Story luxury condo building gives residents the ability [...]

Authored by James San Martin | Please Leave A Comment »

TK Heatley

Living in South Miami, High Pines/Ponce Davis and South Coral Gables-Single Family Residences in High Pines/Ponce Davis

Contiguous to the South Gables is the High Pines/Ponce Davis area which shares many of the attributes of the South Gables except it is not legally within the City of Coral Gables. There are presently 46 homes for sale in the area. Of this six 4 are short sales and 2 are “REOs”. Two of [...]

Authored by TK Heatley | Please Leave A Comment »

Susan J Penn, PA

Affordable Foreclosure Alternatives Program (HAFA)/ The New Short Sale Program takes effect in South Florida April 5, 2010

November 30, 2009, the US Treasury gave out  43 pages explaining Home Affordable Foreclosure Alternatives Program (HAFA). In this document it states short sales will continue with this program until December 31, 2012.

Affordable Foreclosure Alternatives Program (HAFA).

 
Uses a hardship letterProhibits  lenders from reducing  real estate commission written in the listing agreement (up to 6%).
Requires borrowers to be fully released [...]

Authored by Susan Penn | Please Leave A Comment »

Susan J Penn, PA

Looking for help with South Florida Short Sales? “Foreclosure Alternative”

It is not an easy situation for a homeowner who purchased a property that knows their real estate value has dropped considerably. Not every homeowner can continue making mortgage loan payments. There may have been a death, divorce, loss of employment, sickness, pay cut, or another hardship explaining a homeowner unable to continue paying for their home.
We are now [...]

Authored by Susan Penn | Please Leave A Comment »

Susan J Penn, PA

Approved Short Sale Weston, Florida 193 LAKEVIEW DR #204 – Great 2/2 Lake View in Racquet Club $104,777

Approved Short Sale ready now for cash buyer to enjoy this wonderful 2/2 lakeview condominium in Racquet Club in Weston, Florida Open floor plan & wonderful waterview! Living areas have nice tiled floors, stackable washer/dryer inside, new granite vanity in master bathroom, bright white kitchen with appliances, screened in front and back porches! Peaceful lake view. [...]

Authored by Susan Penn | Please Leave A Comment »

Joe Gutierrez

Wilton Manors Foreclosures 305-401-5035

As referred to by locals . . . “Wilton Manors is the Island City.” What a great place and time to buy; foreclosures in Wilton Manors. “Interest rates are at an all time low and now there is an $8,000 tax credit to even sweeten such great deals.”   Single family homes from only $139,000. [...]

Authored by Joe Gutierrez | 1 Comment »

Susan J Penn, PA

Foreclosure 55+ Perfection at “The Palace” 16102 Emerald Estates Dr. , Weston, Florida $220,000.00

This is an  absolutely perfect 2/2/1 foreclosure condominium unit at Weston, Florida’s  55 + community at “The Palace”! The kitchen has top of the line stainless steel appliances with 42 inch maple wood cabinetry and granite counter tops. The ceilings are 10 feet high. The unit has hurricane impact resistant windows There is a seperate room with washer and [...]

Authored by Susan Penn | Please Leave A Comment »

Susan J Penn, PA

South Floridians, “Are You Walking Away From Home Ownership?” Get Results with 2 Experienced Short Sale EWM Realtors!

Are you ready to walk away from a Potential Foreclosure?
Is your home upside Down?
Have you stopped making monthly mortgage payments?
Are you underwater and ready to come up for air?
Do you need some HELP?
Do you live in Broward county, Florida?
Have you decided to work with 2 Credible Experienced Full- Time EWM Realtors who have a history of Approved Short Sales?
Call [...]

Authored by Susan Penn | Please Leave A Comment »

Foreclosures by City

Foreclosure Frequently Asked Questions

What is a foreclosure?

As defined by WikipediaForeclosure is the legal process in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien".

Where do I find foreclosed properties?

You can search for all pre-foreclosed and foreclosed properties that are listed in the MLS on EWM’s foreclosure search page

Is buying a foreclosure just like any other property?

The procedure for buying a foreclosure that is listed in the Multiple Listing Service is much the same as any other property. The seller is typically a bank or a third party company that the bank has designated to handle their foreclosures. But here are a few differences you may encounter:

Most foreclosures will require that you close within 30 days. Most foreclosures are sold in as is condition. Property inspections are of particular importance in a foreclosure sale. Many times the previous owner has removed fixtures or left the property in some state of disrepair.

Your offer may take some time to get a response. Since you are dealing with an absentee owner, your offer may take some time to be accepted or counter-offered and the response may be verbal. Some offers may require an approval from a higher source before it can be expected. The best way to proceed in making an offer is to make your contract as straightforward as possible.

Some foreclosures may be done on special contract forms or require special addenda. Ask for samples of these forms when you see the property so that you will be prepared when you make your offer.

Many foreclosures will ask for your financing information prior to accepting the offer.

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