Short Sale vs Foreclosure

May 25, 2011 By Leave a Comment

 

 

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?   Read more...

Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, Foreclosures, Short Sales Tagged With: , , , , , , , , , , , , , , , ,

Dustin Miller-Coral Springs Realtor

March 8, 2011 By

Looking for a Coral Springs Realtor to help you Sell your home, or need a Short Sale Specialist in Coral Springs?

Look no further…

Selling a property in this current market takes and effective marketing strategy that WORKS! You need to know how to position a home on market, and understand current market trends, which is what I offer my clients! Offering services like a Strategic Home Audit and explaining how “True Days on Market” will effect the time frame and price that your property sells for. These are just a few key things that I use to help my clients maximize the money they get from their home, and rarely offered by other Coral Springs Realtors in the area!… 

…You might be one of the many folks that are unable to sell their property because their loan amount is greater than they can sell it for. As a result, I’ve helped dozens of homeowners work out resolutions with their lenders. Many times homeowners decide that selling the home by means of a short sale, and getting out of the debt, is the best solution for their problem. Each case is different and I encourage you to contact me to discuss your particular situation if you find yourself in this situation…

…Check out Testimonials from a few of my past clients and see what they though about working with me! If you are searching for Coral Springs Realtors then give me a CALL, EMAIL, or FILL OUT THE FORM below, and let’s see if working together will make sense for both of us…

CALL ME at (954) 907-4773 or email me by filing in the form at the bottom of the page…

P.S.- Thanks for taking the time to read this. If you just have a question or need a little advice fill out the form and I’ll get back to you ASAP…

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Filed Under: Common Real Estate FAQs, Seller Resources Tagged With: , , , , , , , , , , , , , , , , , , ,

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

February 2, 2011 By

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.

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Filed Under: 1st Time Buyers, Buyer Resources Tagged With: , , , , , , , , , , , , , , , , , , ,

What is a Short sale?

November 7, 2010 By Leave a Comment

You’d be hiding under a rock if you haven’t heard a ton about short sales in the news and everywhere else you look. From the radio ads, bus stop benches, and warnings about scam artists taking advantage of people there is A LOT of misinformation out there. I figured I’d put this short article together to help people understand exactly what a short sale is and some of the very basic information about them. This basically “Short Sales 101″ information that some of you may already know, but others may need to know…

The term “short sale” in the Real Estate world basically means selling a home for less than the balance of the loan that a bank or lender is owed. There is nothing mystic about what a short sale is. Just owing more on a home than you are able to sell it for on the open market, and needing the bank’s approval for them to take a loss for the difference.  Read more...

Filed Under: Common Real Estate FAQs, Featured Posts Top, Seller Resources, Short Sales, Slider Tagged With: , , , , , , , , , , , , , ,

Top Listing Agent Secrets

September 3, 2010 By

Home selling secretsWant to know why some homes sit on the market for months or even years?…

Why they sell for tens of thousands of dollars LESS than similar homes on their block?…

More importantly, want to know how to NOT become one of them?…

If you answered “YES” to any of these questions, then you NEED to take advantage of my Strategic Home Audit!…


 A Strategic Home Audit will reveal valuable insight that many home sellers DO NOT and, sometimes, CANNOT find on their own! In addition, what you find out from the Audit may increase the sale price on your home AND decrease time on the market dramatically!


…Many Homeowners are NOT able to find out much of this information on their own because:  Read more...

Filed Under: Seller Resources Tagged With: , , , , , , , , , , , , , , , ,

Loan Modification/ Short Sale info for Top Lenders

July 14, 2010 By

Here’s a list of Top Lender’s websites where their Loan Modification and/or short sale information and forms can be filled in or downloaded. If you don’t see your lender here email or call me and I’ll be glad to help you find what you need. Please also keep in mind that some lenders don’t have company specific forms and generic forms can be used. Contact me and I could also supply those if you need…

Wells Fargo- Payment Help, Phone   (800) 678-7986

Wachovia- Loan Assistance, Phone (866) 975-1814 or (866) 642-9405

Bank of America/Countrywide – Home owner Assistance, Phone (866) 880-1232

Chase/WAMU-  Mortgage Help, Phone (866) 550-7505

Citi Mortgage- Home Help, Phone (866) 520-5499

Suntrust Mortgage- Home owner Help, (800) 443-1032  Read more...

Filed Under: Seller Resources, Short Sales Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

FHA Loan Guidelines

March 17, 2010 By Leave a Comment

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…  Read more...

Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, FHA Loans Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Buying Short sales vs. Bank Owned Properties (REOs)

March 12, 2010 By Leave a Comment


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.  Read more...

Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, Foreclosures, Investor Resources, Short Sales Tagged With: , , , , , , , , , , , , , , , , , ,

Are Foreclosures Really Good Investments?

March 12, 2010 By Leave a Comment

The answer is…it depends…

First, you need to identify what makes a deal good to you? Good price? Good Condition? Good Terms? Some combination of the three? Knowing what makes sense for your goals and finances is the key knowing if the property you’re looking at is a deal.

First things First…..

When thinking about buying a foreclosure, or any home for that matter, make sure you know what your goals are for the property BEFORE you make the offer!!!

Just remember, “if you fail to plan you plan to fail”, at least most of the time anyway. When it comes to my clients, I let them know upfront that if they like a property that needs $30K in rehab costs, and a lot of out of pocket expenses, but they don’t have much money to put into the deal readily available, that they need to be careful.  Read more...

Filed Under: 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, Foreclosures, Investor Resources Tagged With: , , , , , , , , , , , , , , , , ,

Why all the Foreclosures- What’s the Deal?

March 12, 2010 By Leave a Comment

No one with a pulse could miss the all news about the “Foreclosure Crisis” we are facing as a nation, and particularly here in S. Florida.  I’m sure the gurus of late night tv who teach you “how to make millions in foreclosures”, or whatever the spin, will be really raking in the cash thanks to all the publicity.

One question I seem to get every now and then is the reason behind so many people are facing foreclosure right now. Who’s to blame? Is it the government? The banks? Those mean ‘ol real estate investors?I thought I’d take a minute to quickly address what I’m seeing in my daily life as a Realtor here in Broward County FL.

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Filed Under: Common Real Estate FAQs, Foreclosures, Seller Resources, Short Sales Tagged With: , , , , , , , , , , , , , ,
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. 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