Short Sale vs Foreclosure

 

 

Short Sale vs Foreclosure

Buying a short sale has its pros and cons, and so does buying a foreclosure. Not knowing the short sale process and how it affects you as a buyer, OR not understanding the way foreclosures are sold can lead to lost time, money, and headache. Take a moment to familiarize yourself with the processes for each, or suffer the consequences!

Which one is a better buy for today’s home buyers? 

Parkland Real Estate Listings

Search Parkland Real Estate listings for sale here!

You can also find any Parkland Short Sales and Parkland Foreclosures in my database as well! Most websites like Zillow and Trulia do NOT have realtime listing information and properties you find there may already be under contract or sold. Don’t waste anymore time and start your home search here! If you’d like to have listings emailed to you the second they hit the market,  simply fill out the form below  with as many details as possible and you’re “Property Alert” will be created!

Search for Parkland Real Estate right now!

including: Heron Bay homes for sale, Cypress Head homes for sale, Parkland Isles homes  for sale, Pine Tree Estates homes for sale, Fox Ridge homes for sale, and Parkland Golf homes for sale!

Coral Springs Real Estate Listings-Find homes for sale in Coral Springs!

Coral Springs real estate-find homes for sale in Coral SpringsSearch for Coral Springs real estate right here! Don’t wast your time on those other internet sites with outdated information, when you can search directly through the MLS database here! Find homes for sale in Coral Springs by clicking the link below.

 

4394 NW 9 Ave #21-2D Deerfield Beach, FL 33064

Move in ready unit in popular Heritage Circle ready for new owner! NOT a short sale or foreclosure so no headaches with banks to worry about! Currently tenant occupied and can be a turnkey rental as currently leased for $800 per month. Can rent right away in this complex and taxes are VERY low at under $700 per year w/ NO Homestead exemption!

MLS # (if any): F1116548
List Price: $59,000
Type of Sale: Conventional (regular sale)
Pool: Community Pool
Waterfront: No
Square Feet: 1040
Bedrooms: 2
Bathrooms: 2
Garage Spaces:

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FHA Loan Guidelines

If you have talked to anyone about getting a mortgage recently you’ve probably heard about FHA loans or “Government Backed” or “Government insured loans”. A common misconception is that these loans are only for very low income people who can’t get a traditional loan from a bank, or first time home buyers, but this is not the case….

Uncle Sam wants You… to qualify!

There are very broad criteria for FHA insured loans that just about many people can qualify for. This doesn’t mean everyone does though. For example, FHA loans have more liberal credit guidelines, unlike many other loan products, but there are still criteria that need to be met.
The Background of FHA Loans…

Buying Short sales vs. Bank Owned Properties (REOs)


With the majority of sales being Short Sales and Foreclosures in our current market I thought I’d explain a little about each one and some of the pros and cons.

There are upsides and downsides to each, for example:

Buying a Foreclosed home- (Bank owned, REO, etc)

When you are buying a foreclosure there are usually bank required addenda/contracts that will be utilized when buying which sometimes scare would be home buyers. They are not to be feared if you understand what is required of you, and the terms they contain, but if you are fearful it’s always good to have your attorney review them BEFORE you sign.

. Coral Shores Realty's Dustin Miller 6876 West Sample Road, Coral Springs, FL 33067-4283 (954) 907-4773 Realtors Coral Springs Locations Real Estate Directory