Suzy explains the past tax consequenses of a short sale and how the new “Mortgage Forgiveness Debt Relief Act of 2007 HR 3648″ helps people trying to complete a short sale More information at: sccrealestateuncensored.com/2007/mortgage-forgiveness-debt-relief-act-2007/ micasamidinero.com/2007/mortgage-forgiveness-debt-relief-act-2007/
Video Rating: 4 / 5
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
dustin 
Posted in Seller Resources, Short Sales 
Tags: american home mortgage, american home mortgage servicing, aurora loan services, bank of america, broward county, chase, coral springs short sale realtor, facing foreclosure, faq, Foreclosures, gmac, helpful tools, home help, lenders, litton loans, loan assistance, loan modification, loan modifications, onewest, owner assistance, retention team, selling a home, selling short sale, Short Sales, wachovia, wamu, wamu mortgage, wells fargo 
No Comments » After showing, selling, evaluating, and previewing hundreds of properties (either in person or online) I’ve witnessed FL condos take a HUGE loss in value over the past few years. That spells good news AND bad news depending on who you are. If you own a FL condo and bought it prior to 2009 then it’s probably bad news, but if you are looking to pick these properties up for a significant discount then this is definitely good news. There’s a few things that both sellers/condo owners, and buyers need to keep in mind…
dustin Posted in FL Condos Tags: Broward, broward property, condo buyers, condo sales, fha loan requirements, fl condo, FL Condos, Foreclosures, investors, selling short sale, Short Sales 2 Comments »
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.
dustin Posted in 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, Foreclosures, Investor Resources, Short Sales Tags: broward county, buying a foreclosed home, buying a foreclosed property, buying a home, buying foreclosures, buying short sales, coconut creek, Coconut creek short sale realtor, coral springs, coral springs short sale realtor, faq, foreclosure, Foreclosures, helpful tips, helpful tools, homes for sale, how to buy, hud properties, Short Sales 1 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.
dustin Posted in 1st Time Buyers, Buyer Resources, Common Real Estate FAQs, Foreclosures, Investor Resources Tags: broward county, broward county fl, buying a home, buying foreclosures, coconut creek, Coconut creek short sale realtor, coral springs, coral springs short sale realtor, faq, Foreclosures, great deals, helpful tips, helpful tools, homes for sale, how to buy, hud properties, investors, s palm beach No Comments » 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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dustin Posted in Common Real Estate FAQs, Foreclosures, Seller Resources, Short Sales Tags: adjustable rate mortgages, broward county, broward county fl, buying short sales, coconut creek, Coconut creek short sale realtor, coral springs, coral springs short sale realtor, facing foreclosure, faq, Foreclosures, helpful tools, selling a home, selling short sale, Short Sales No Comments » Contact me to request information on your current situation. If you’re not able to make your monthly mortgage payments or are seriously struggling to do so YOU HAVE OPTIONS!
Everyone’s situation is different and waiting until things get worse only means you’ll have less options than you would if you take action now. Get educated and understand what you need to do to either keep your home, or get out of it without seriously regretting the consequences you could face.
You owe it to yourself and your family to take a few minutes and find out what you can do. I’ll be glad to give you sound advice and do my best to lead you in the right direction in this difficult time.
Find homes for sale anywhere in Coconut Creek, Coral Springs, or in the S. FL area!
You can find short sales, foreclosures, corporate owned properties, and HUD properties in Broward, Palm Beach, or Dade counties by using my property search engine below!
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dustin Posted in Short Sales Tags: buying a home, coconut creek, coral springs, faq, Foreclosures, homes for sale, hud properties, property search engine, Short Sales Comments Off 
