tag:blogger.com,1999:blog-48581993747126456952024-03-13T04:53:31.415-04:00Maxim Realtors - Fort Myers Real EstateHiring and Coaching Top Real Estate Agents.
Knowledgeable and Aggressive Agents.
Specializing in Fort Myers Residential and Commercial Real Estate, Short Sales, and both Commercial and Residential Leasing.Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-4858199374712645695.post-22873982427035348882011-03-30T12:42:00.003-04:002011-03-30T12:44:42.427-04:00Maxim Realtors Recruitment Video<div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/51lIuAL4OkA?feature=player_embedded' frameborder='0'></iframe></div>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-19659932593584048842011-03-23T10:11:00.000-04:002011-03-23T10:11:48.284-04:00Commercial Real Estate / Strategic Default In Southwest Florida<span style="font-family: Georgia, "Times New Roman", serif;">With so many <span style="color: #3d85c6;"><b>foreclosures</b> </span>and <b><span style="color: #3d85c6;">short sales</span></b> in <span style="color: black;"><b>Southwest Florida</b> <b>Residential Real Estate</b></span>, it should be a given that we will see that transition into <span style="color: black;"><b>commercial</b> <b>real estate</b></span> in <span style="color: black;"><b>Fort Myers</b>, <b>Naples</b> and <b>Southwest Florida</b></span>. This <u>should</u> be a top alternative to help owners of <span style="color: black;"><b>bad assets</b> / <b>distressed commercial properties</b></span> and those <span style="color: #3d85c6;"><b><span style="color: black;">banks</span></b> </span>who are involved. It is imperative to have real estate professionals get involved and set up these mutually beneficial scenarios. </span><br />
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<div class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Georgia, "Times New Roman", serif;">It is estimated there is approximately $1.4 trillion dollars of <b><span style="color: #3d85c6;">commercial loans</span></b> set to come due by 2014. That is a lot of money and these are the <u>short term</u> numbers. So what are the options? </span></div><span style="font-family: Georgia, "Times New Roman", serif;"> </span><br />
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<div class="MsoListParagraph" style="margin: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1; text-indent: -0.25in;"><span style="font-family: Georgia, "Times New Roman", serif;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><b>Borrower</b> and <b>Bank</b> agree to modify the loan in some fashion or delay the balloon.</span></div><span style="font-family: Georgia, "Times New Roman", serif;"> </span><br />
<div class="MsoListParagraph" style="margin: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1; text-indent: -0.25in;"><span style="font-family: Georgia, "Times New Roman", serif;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><b>Bank forecloses</b> on the <b>defaulted property</b>.</span></div><span style="font-family: Georgia, "Times New Roman", serif;"> </span><br />
<div class="MsoListParagraph" style="margin: 0in 0in 0pt 0.5in; mso-list: l0 level1 lfo1; text-indent: -0.25in;"><span style="font-family: Georgia, "Times New Roman", serif;"><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><b>Bank</b>, <b>borrower</b> and <b>Realtor</b> work to get a buyer at fair market and <b>short sale</b> the <b>commercial property</b>. </span></div><span style="font-family: Georgia, "Times New Roman", serif;"> </span><br />
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<div class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Georgia, "Times New Roman", serif;">At MAXIM LLC – Commercial & Residential REALTORS – We are dedicated to perform mutually beneficial scenarios for both <b>commercial lender</b> and <b>borrower</b>.</span></div><span style="font-family: Georgia, "Times New Roman", serif;"> </span><br />
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<div class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Georgia, "Times New Roman", serif;">Written By: Steve R. Daria / Real Estate Broker / </span><a href="http://www.maximrealtors.com/"><span style="color: blue; font-family: Georgia, "Times New Roman", serif;">www.MaximRealtors.com</span></a><span style="font-family: Georgia, "Times New Roman", serif;"> </span></div>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-80410403682304090382011-03-21T10:40:00.000-04:002011-03-21T10:40:47.204-04:00Property of the Month<span style="color: #3d85c6; font-family: Georgia, "Times New Roman", serif; font-size: large;">3698 Cotton Green Path Drive</span><br />
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<span style="color: black; font-family: Georgia, "Times New Roman", serif;">Beautiful and large 3 bedroom 2 bath home in a quiet section of Fiddler's Creek. Security and privacy contribute to the location of this home. Large pool with brick pavers into the pool area in the screened lanai overlooking the preserve and golf course. </span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1Qi2DXkzAh-ID2nTCZ9xBNQmrZoJJkD1i6Gj5JErPxCq3FvTUwHYyexhnu4N7c3hcDurs0dVmo9seUPTqxHypxt36cK-aLaQ-xy7TUiINGHo270xBZrlPyk2q_FW1n_8L3u69S6hK8Ag/s1600/Front.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="235" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1Qi2DXkzAh-ID2nTCZ9xBNQmrZoJJkD1i6Gj5JErPxCq3FvTUwHYyexhnu4N7c3hcDurs0dVmo9seUPTqxHypxt36cK-aLaQ-xy7TUiINGHo270xBZrlPyk2q_FW1n_8L3u69S6hK8Ag/s320/Front.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: Georgia, "Times New Roman", serif;">Very natural setting with this dead end location on Cotton Green. Large tile throughout, solid surface counter tops, and stainless steel appliances are just some of the upgrades in this home. </span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaMjEmKkUGBhB5xFIYV8vR-eUKkdw_jUlZQEc65kdO7RN-G1CIk9pKUiuUb4bd0cUueXO9IIlFptjVU1I8_fBcR8l9xILm-GkWWm6ouq3Gf-XF079nhu77P8RO16AQ0-5yN8oGMbo0gtk/s1600/DSC04897.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaMjEmKkUGBhB5xFIYV8vR-eUKkdw_jUlZQEc65kdO7RN-G1CIk9pKUiuUb4bd0cUueXO9IIlFptjVU1I8_fBcR8l9xILm-GkWWm6ouq3Gf-XF079nhu77P8RO16AQ0-5yN8oGMbo0gtk/s320/DSC04897.JPG" width="320" /></a></div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"></div><span style="font-family: Georgia, "Times New Roman", serif;">Property has front brick paver porch area to enjoy its Florida outdoor settings. </span><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinQ5Tf82gUuavgrObB0VQl7l4yXBn0PX_RtOzJB9x0TPbMxQYFvJF5OicL5FyJ9rVqfnsdnHJKwvwJQ3iL_U54_6juh5d-b5GUlWUMlYpuQVeeOLPjLUBRa5LwW9hqhdL8gn-0BD9nwWM/s1600/Pool.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinQ5Tf82gUuavgrObB0VQl7l4yXBn0PX_RtOzJB9x0TPbMxQYFvJF5OicL5FyJ9rVqfnsdnHJKwvwJQ3iL_U54_6juh5d-b5GUlWUMlYpuQVeeOLPjLUBRa5LwW9hqhdL8gn-0BD9nwWM/s320/Pool.jpg" width="320" /></a></div><br />
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<strong><span style="font-family: Georgia;">For more information or showing instructions, please contact Steve Daria direct at (239) 425-5671</span> .</strong>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-86663546186398180802011-03-18T12:59:00.000-04:002011-03-18T12:59:15.259-04:00What Happens to the Deficient Amount in a Short Sale??<span style="font-family: Georgia, "Times New Roman", serif;">What Happens to the Deficient Amount in a <b>Short Sale</b>?? </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">This is one of the top questions we receive from people who are looking at the option of a <b>short sale</b>.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Our goal is to get a <strong>short sale </strong>approval stating that the bank waives any <strong>deficiency rights</strong>. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">The literature we are looking for:</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">“This letter will confirm our acceptance of the <strong>short payoff </strong>on the above referenced property.”</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"> </span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">“We agree to accept the proceeds as full and final satisfaction on the mortgage indebtedness”</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"> </span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">“Approval to sell the property which will result in a short payoff of the mortgage of the mortgage… agreed settlement <strong>short of full payment </strong>and waive any <strong>deficiency rights</strong>.”</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">We are aggressively helping people to avoid <strong>foreclosure</strong>. Let me know if I can answer questions and be of service to you. At NO cost.</span><br />
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<a href="mailto:shortshortsale@gmail.com"><span style="font-family: Georgia, "Times New Roman", serif;">shortshortsale@gmail.com</span></a><span style="font-family: Georgia, "Times New Roman", serif;"> We are <b>short sale</b> servicing all of Lee, Collier and Charlotte Counties… That is <b>Punta Gorda, North Fort Myers, Pine Island,</b> </span><b><span style="font-family: Georgia, "Times New Roman", serif;">Cape Coral, Fort Myers, Sanibel Island, Captiva Island, Lehigh Acres, Fort Myers Beach, Estero, Bonita Springs, Naples, Marco…</span> </b><br />
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<strong><span style="font-family: Georgia, "Times New Roman", serif;">Steve R. Daria (239) 425-5671</span></strong>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-82475863671047506502011-03-17T10:23:00.000-04:002011-03-17T10:23:26.676-04:00My Property Has 2 Mortgages, Can I still do a Short Sale??<span style="font-family: Georgia, "Times New Roman", serif;">This is a question and real <strong><u>short sale </u></strong>example we are currently working on in <strong><u>Fort Myers</u>, <u>Florida</u></strong>. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">If there are 2 mortgages, will the second lien holder ruin or complicate the <strong>short sale</strong>?? </span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">The answer is YES, IF the short sale process if not done correctly... </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">It is imperative when your agent submits your <strong>short sale </strong>package that it includes a complete and correct HUD (Department of Housing and Urban Development Settlement Statement) showing a "payoff" to the second lien holder. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">The HUD is your settlement statement which shows ALL costs, prorations, credits between buyer and seller. You actually reviewed one of these (below)and signed off on it when you initially made your purchase.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Now this form (usually drafted by a title company or attorney) acts as a net sheet to show what your lender will net after all costs in order to move forward with the <strong>short sale</strong>.</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">In this, needs to be a "payoff" to the second lien holder (which is paid by the first lien holder). This payoff amount is usually a small percentage of the second lien say 3-5%.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">EXAMPLE:</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Here is an example of a current <strong>short sale </strong>file for a <strong>Fort Myers, Fl </strong>property: (Names Changed/ Info not disclosed for privacy)</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Billy owes a total of $350,000 ($280,000 first mortgage and $70,000 second mortgage).</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">The value for this short sale is $200,000 and we have a ready and willing buyer for this price. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Most second lien holders are aware that if they do not accept a <strong>short sale </strong>they will get nothing if the property <strong>forecloses</strong>. The old saying "something is better than nothing" rains true... This Fort Myers property (like many others we have transacted in <strong>Lee </strong>and <strong>Collier County</strong>) is approved and should close <strong>shortly</strong>. </span>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-44099688286765417882011-03-14T12:46:00.000-04:002011-03-14T12:46:27.619-04:00Featured Rental of the Month<span style="color: #3d85c6; font-family: Georgia, "Times New Roman", serif; font-size: large;"><strong>2745 First Street #801</strong></span><br />
<span style="color: #3d85c6; font-family: Georgia, "Times New Roman", serif; font-size: large;"><strong>Fort Myers Florida 33916</strong></span><br />
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<strong><span style="color: #3d85c6; font-family: Georgia; font-size: large;"><img border="1" height="149" src="http://www.postlets.com/create/photos/20110224/100444_3n33pa3l25O35T15U6b236eb628251acc1aac.jpg" width="200" /></span></strong><br />
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<span style="color: black; font-family: Georgia;">St. Tropez - Downtown Fort Myers High Rise! </span><br />
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<span style="font-family: Georgia;"><img border="0" height="150" src="http://www.postlets.com/create/photos/20110309/113824_073.JPG" width="200" /></span><br />
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<span style="font-family: Georgia;"><div id="property_details">Beautiful 3 bedroom 2 bathroom condo with a direct view of the river. Upgraded unit with granite and stainless steel appliances. Tile throughout, carpet in bedrooms. Tenants move out 3/15/2011. AVAILABLE 4/1/11. Rent is $1200 per month.<br />
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<img border="0" height="150" src="http://www.postlets.com/create/photos/20110224/100443_sttropez-frye2.jpg" width="200" /><br />
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If interested, please contact Jennifer Daria at (239) 464-7701 or <a href="mailto:dariajen@gmail.com">dariajen@gmail.com</a></div></span>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-5268520898095333352011-03-14T11:08:00.000-04:002011-03-14T11:08:20.307-04:00Short Sales + Tolerance + 2011<span style="font-family: Georgia, "Times New Roman", serif;"><b>Short sales</b> have been a grueling process in many cases in my experience… Some have been so timely and we actually closed in less than 10 days… Others have taken 3-4 months…</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">What does this year have for us in 2011 for <b>short sales</b>? </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">I spoke to a <b>Bank of America</b> negotiator the other day. She told me there were over 3,000 representatives attending a workshop for new trainees just for <b>short sales</b>. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">We will see how it goes… I deal with some reps who are not very good and then others that know what to do. We will actually call the line multiple times to get someone that we feel confident will provide us decent results in a timely manner.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"><u>Seller</u>: </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">The strategy for your agent representing you on the sale: </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">1. Ensure they have a full package.</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">2. Aggressively call to ensure they are moving along (We call every Monday and Thursday)</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">3. Seller - Be tolerant – Some may be quick, others may take some time – But, hey – You may have just avoided a foreclosure. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"><u>Buyer</u>: </span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">The strategy in buying a short sale:</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">1. Be sure the listing agent knows what they are doing with a short sale. If not valuable time could be wasted on a property that you may never purchase.</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">2. Be sure you have a good buyer’s agent interviewing the listing agents that have the properties to ensure they are experienced. </span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">3. Be tolerant on getting a good deal - In our <b>Southwest Florida</b> market, if you make a <b>short sale</b> or <b>foreclosure</b> purchase, you are doing well. As there is A LOT of buying activity! </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">As always, we are <b>short sale</b> servicing all of Lee, Collier and Charlotte Counties… That is <b>Punta Gorda, North Fort Myers, Pine Island,</b> </span><b><span style="font-family: Georgia, "Times New Roman", serif;">Cape Coral, Fort Myers, Sanibel Island, Captiva Island, Lehigh Acres, Fort Myers Beach, Estero, Bonita Springs, Naples, </span><span style="font-family: Georgia, "Times New Roman", serif;">Marco… </span></b><br />
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<strong><span style="font-family: Georgia;">Steve R. Daria</span></strong><br />
<strong><span style="font-family: Georgia;">Broker/Owner</span></strong><br />
<strong><span style="font-family: Georgia;">MAXIM LLC</span></strong><br />
<strong><span style="font-family: Georgia;">(239) 425-5671</span></strong>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-37054352336244787162011-03-10T10:06:00.000-05:002011-03-10T10:06:23.490-05:00Foreclosure Date Has Been Set… My Short Sale is RUINED!!<span style="font-family: Georgia, "Times New Roman", serif;">One of our <b>Short Sale</b> customers in <b>Fort Myers, Florida</b> came to us a little late. <b>10</b> months of nonpayment and the date was set…</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Is it all over for this family? </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">With some effort and proactive action, we were able to delay <b>foreclosure</b> 60 days and are now set with a <b>short sale</b> approval. We should close in a few days. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">This is why you need to take action right now. The <b>short sale</b> process will not cost you anything. However, if you elect to be delinquent and decide to exercise you option of a <b>short sale</b> too late, then it may cost you. Keep reading… </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">This family was delinquent for 10 months but were trying to do the right thing. Modify their loan with the bank and save their home. Unfortunately this lender, as per their discussion with us, gave them the run around leading them to believe they would have a <b>modified</b> loan that would be suitable to their financial position. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">They were denied a <b>modification</b>.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">They called me and provided me all the bank / attorney notices immediately upon request.</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">I instructed them to hire an attorney to see if they could delay the foreclosure in which we got 60 days which cost them a few hundred bucks… On top of it, the negotiator has assisted in providing direct communications with the foreclosure attorneys on the progression. He was a great negotiator to work with in ensuring we would not be bypassed to <b>foreclosure</b>.</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">This does not go as well with all banks. However, it is never too late. Make sure you are being proactive in speaking to an experienced <b>short sale real estate agent</b> even while you are trying to modify your loan as back up…</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">We are <b>short sale</b> servicing all of Lee, Collier and Charlotte Counties… That is <b>Punta Gorda, North Fort Myers, Pine Island,</b> <b>Cape Coral, Fort Myers, Sanibel Island, Captiva Island, Lehigh Acres, Fort Myers Beach, Estero, Bonita Springs, Naples, Marco…</b></span>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-50800160327108559742011-03-09T09:36:00.000-05:002011-03-09T09:36:16.554-05:00Short Sales Are Terrible!! Or Are They??<span style="font-family: Georgia, "Times New Roman", serif;">Unfortunately, I have listened to both sellers and buyers of real estate in Southwest Florida with negative feedback concerning Short Sales. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Some <u>buyers </u>state they have waited 6 months to find out that they never got their dream home. Some <u>sellers</u> claim before hiring me on that they hired a "short sale negotiator" or just an inexperienced real estate agent and never sold the home and now the clock is truly ticking for those families (which we have saved from foreclosure).</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">There is a system that must be followed in order to successfully sell your home short of the amount owed even if you think it is too late...</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Again - Thank you for reading this information and I appreciate all of our support clients who have referred other friends and family who are in trouble.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Respectfully, </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Steve R. Daria</span>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-65253360949314686422011-03-08T10:16:00.000-05:002011-03-08T10:16:10.506-05:00Short Sale Highlights<span style="font-family: Georgia, "Times New Roman", serif;">Good morning!</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">As always, if you have questions regarding <b>short sales</b>, I can be contacted direct at <b>(239) 425-5671</b> or at <b><a href="mailto:shortshortsale@gmail.com">shortshortsale@gmail.com</a></b> </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">We are aggressively and successfully performing <b>short sales</b> thus helping <u>hundreds</u> of people to avoid <b>foreclosure</b> in <b>Charlotte</b>, <b>Lee</b> and <b>Collier</b> counties. No worries if your property is not located in these areas. We are trained and certified <b>short sale</b> <b>specialists</b> with direct contact to other <b>short sale</b> <b>specialists</b> nationwide!!</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">With that said – Here are some <b>short sale</b> highlights!!</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">· A <b>short sale</b> can have a much less negative effect on your credit than a <b>foreclosure</b> or <b>deed in lieu of foreclosure</b> </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· A <b>short sale</b> acts as a traditional closing with specified close date once we get an <b>approval</b></span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· In most cases a <b>short sale approval</b> will have the language for a waiver of <b>deficiency</b>. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· If you maintain your <b>credit</b> you may be able to purchase a home in 24 months or less.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· We have other affiliates who have sold homes to people who have <b>short sold</b> their home 90 days from the <b>short sale</b> date. They kept current on their payment all the way to close and bought 3 months later!!</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· Banks are more willing to do a <b>short sale</b> than <b>foreclose</b> on you. The time is now when things are so lenient and the government encourages it.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· Banks are making the <b>short sale</b> process even easier!</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· It is estimated that there will be another 3,000,000 <b>short sales</b>, <b>deed in lieu of foreclosure</b> and <b>foreclosures</b> combined nationwide before we see this slow down. Why <b>foreclose</b> when you do not have to?</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· A <b>short sale</b> will <b>cost</b> you NOTHING! If anyone is charging you money to do a <b>short sale</b>, RUN!</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· A <b>short sale</b> is a means to a quicker recovery for you and your family.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· This can be time to relieve a bad asset for you! IE – negative every month b/c the rental market is so low! </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· The <b>short sale</b> process is fairly easy for you – There are certain documents that are required. Once we get them from you, it is all up to us!</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· We do not guarantee a <b>short sale</b> but we have a <u>strong</u> closing percentage </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· <b>Short sales</b> can be done with 2 mortgages on the property.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· A <b>short sale</b> will clean up all past liens – Back taxes, HOA fees, etc – All are paid by your lender at closing.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· We average 7 days on the market for <b>short sales</b>.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· You do not have to be <b>delinquent</b> on your <b>mortgage</b> to do a <b>short sale</b>. It is a personal decision. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· Depending on how the property is held, you may not be taxed on the <b>deficient</b> amount! Speak with your accountant.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">· Timelines for <b>short sale</b> approval are becoming quicker and quicker.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">I am sure I am forgetting some other things, but feel free to call me, write me or set a time to meet so we can discuss your options. </span><a href="mailto:shortshortsale@gmail.com"><span style="font-family: Georgia, "Times New Roman", serif;">shortshortsale@gmail.com</span></a><span style="font-family: Georgia, "Times New Roman", serif;"> </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">We are <b>short sale</b> servicing all of Lee, Collier and Charlotte Counties… That is <b>Punta Gorda, North Fort Myers, Pine Island,</b> <b>Cape Coral, Fort Myers, Sanibel Island, Captiva Island, Lehigh Acres, Fort Myers Beach, Estero, Bonita Springs, Naples, Marco…</b></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"><b><a href="http://www.maximrealtors.com/">http://www.maximrealtors.com/</a></b></span><br />
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<strong><span style="font-family: Georgia;">Steve R. Daria </span></strong><br />
<strong><span style="font-family: Georgia;">Broker/Owner</span></strong><br />
<strong><span style="font-family: Georgia;">MAXIM LLC</span></strong><br />
<strong><span style="font-family: Georgia;">Commercial & Residential Realtors</span></strong>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-79077884694706060662011-03-07T11:34:00.000-05:002011-03-07T11:34:50.235-05:00Short Sale Disclosure - A Must...<span style="font-family: Georgia, "Times New Roman", serif;">When selling a <strong>short sale</strong>, it is imperative that your real estate broker / agent fully discloses to the buyer that the property is a short sale.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">Most states will have a short sale addendum to be signed off on by both <strong>buyer</strong> and <strong>seller</strong>. </span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">This language will cover the following:</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">1. <strong>Approval of the Lender:</strong> This ensures that any and all of the seller’s lien holders against the property approve the purchase price, terms of the contract, HUD-1 settlement statement, agreement of the payoff for settlement less of what is owed, etc.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">2. <strong>Time Periods:</strong> All time periods are set forth when seller delivers to buyer the approval of the short sale. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">3. <strong>Acknowledgement:</strong> Buyer agrees the Lender is not a party to the contract and therefore is not obligated to approve the contract. This also discloses that Seller and Broker cannot be held liable for any delays by the lender for approval.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">Be sure to consult with a local real estate professional who has experience in dealing with short sales. There are many specifics that they should be aware of in order to assist in a successful transaction between buyer and seller. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">My primary concentration is successfully performing <b>short sales </b>on a residential and commercial basis. If you or someone you know needs help or advise, call me for a no obligation meeting.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">As always, we are <b>short sale</b> servicing all of Lee, Collier and Charlotte Counties… That is <b>Punta Gorda, North Fort Myers, Pine Island,</b> <b>Cape Coral, Fort Myers, Sanibel Island, Captiva Island, Lehigh Acres, Fort Myers Beach, Estero, Bonita Springs, Naples, Marco… <a href="http://www.maximrealtors.com/">http://www.MaximRealtors.com/</a></b></span>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-1141984456241192102011-03-04T10:51:00.000-05:002011-03-04T10:51:57.928-05:00Are Banks Logical with Short Sales & Loan Modifications??<span style="font-family: Georgia, "Times New Roman", serif;">Answer: NO</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">But I can give <u>some</u> banks credit that they are trying.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">You think about the family that just needs a small reduction in their mortgage to help them save their home but are denied. Why? They have to fit in strict guidelines – Cannot make too less or too much money, show hardship, etc.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">Why? It is estimated over 50% of people who are modified will end back up in <b><u>foreclosure</u></b>… So people must meet these strict guidelines.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">Now <b><u>short sales</u></b> are no easy ride either. It is a process but many banks are streamlining the process. Thankfully. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">There are some banks that will still take 120 days to close but hopefully the new treasury guidelines ensure a more efficient process for everyone (see our past blog with the entire 44 page doc on that).</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">My suggestion: If you are l</span><span style="font-family: Georgia, "Times New Roman", serif;">ooking to save your home and need a modification, do not give up. Provide them everything they need and see what comes up. You do stand a chance.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">If you are:</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">· Facing foreclosure</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">· Denied modification</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">· Modification presented still does not help</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">· Losing money because the rent does not cover the expenses</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">· Completely upside down and this is a bad asset</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">A <b><u>Short Sale</u></b> may be an option. We are dealing with most major banks, many small banks and even FDIC in <b><u>short sale</u></b> transactions in <b>Lee</b>, <b>Collier</b> and <b>Charlotte Counties</b> of <b>Southwest Florida</b>. Every day is a learning experience for me and my staff. However we do not give up and we are successfully saving people from foreclosure on their records. </span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">I have many clients that will express their thoughts of our service. And we hope to do the same for you!! Please be aware of those charging upfront money. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">As always, we are <b>short sale</b> servicing all of Lee, Collier and Charlotte Counties… That is <b>Punta Gorda, North Fort Myers, Pine Island,</b> <b>Cape Coral, Fort Myers, Sanibel Island, Captiva Island, Lehigh Acres, Fort Myers Beach, Estero, Bonita Springs, Naples, Marco… </b></span><br />
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<b><span style="font-family: Georgia, "Times New Roman", serif;">Steve R. Daria </span></b><br />
<b><span style="font-family: Georgia, "Times New Roman", serif;">MAXIM LLC, Commercial & Residential Realtors</span></b><br />
<b><span style="font-family: Georgia, "Times New Roman", serif;">(239) 425-5671</span></b>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-35353786429327759612011-03-02T10:57:00.000-05:002011-03-02T10:57:09.866-05:00"Those Who Fail to Study History are Doomed to Repeat it"<span style="font-family: Georgia, "Times New Roman", serif;">I can say that I personally got caught up in making purchases and selling for a profit when real estate values were sky rocketing in South Florida. I also am stuck with some negative performing rental properties. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">The 1920’s <b>real estate</b> boom and doom especially in <b>South Florida</b> can be compared to the 2000’s – Massive amounts of people waiting in lines, filling hotels, traveling major distances to the sunshine state in order to purchase preconstruction real estate betting on a profit. The 2000’s was a nationwide disaster, however, the state of Florida has been one of the fastest in growth, appreciating market and also the fastest falling. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">So what happened in 2000? </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">There was a lot of access to money. Individuals were getting loans that they should not have traditionally been able to get. No documentation & 100% financing allowed the average pizza delivery guy to “state his income” and make a real estate purchase with no money. </span><br />
<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">The level of greed and quick money skyrocketed not just by the home buyer but also government and Wall street. Check out the “House of Cards” video by CNBC: </span><a href="http://www.cnbc.com/id/28892719/"><span style="font-family: Georgia, "Times New Roman", serif;">http://www.cnbc.com/id/28892719/</span></a><span style="font-family: Georgia, "Times New Roman", serif;"> Very, very interested… </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">So now what? It is a matter of learning and rebuilding. I speak to some people who initially contact us about <b>short sales</b> and I hear “get me out of this <b>house</b>, I will never purchase <b>real estate</b> again.” This is unfortunate and it was bad timing for many. However, there is time to start over and rebuild. Learning from the past and not dwelling on it will ensure a brighter future.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">Consult your local <b>real estate</b> professional on rebuilding your future in <b>real estate</b>. It will and has proven to be an equity / asset builder over the long term. There are steps you can take if you are in a bad position with your current real estate portfolio such as a <b>short sale</b>. Being proactive now will help a quicker recovery for your future. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;"></span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">We are <b>short sale</b> servicing all of Lee, Collier and Charlotte Counties… That is <b>Punta Gorda, North Fort Myers, Pine Island,</b> <b>Cape Coral, Fort Myers, Sanibel Island, Captiva Island, Lehigh Acres, Fort Myers Beach, Estero, Bonita Springs, Naples, Marco…</b></span>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-74771207477787845552011-03-01T11:47:00.000-05:002011-03-01T11:47:56.154-05:00There is a lot of short sale inventory in Fort Myers... Will my house sell??<span style="font-family: Georgia, "Times New Roman", serif;">Yes, there is <strong>short sale </strong>inventory that sits on the market for long periods of time in <strong>Southwest Florida</strong>. And in some cases, unfortunately turns into a foreclosure because they were not competitive and the property did not <strong>short sell</strong>.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">It is imperative to have a team of professionals who know what they are doing in terms of how to handle a <strong>short sale </strong>correctly and know market conditions and trends in order to price correctly as well as act quickly if values continue to diminish.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Other tips for the seller include: Treat your property as if it is a normal, traditional sale. That means, keep the inside clean and tidy, maintain your lawn and shrubs and make sure you electricity is always ON.</span><br />
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<img alt="" height="450" src="http://water.agentxsites.com/xSites/Agents/Water/Content/UploadedFiles/1%20004.jpg" style="height: 309px; width: 382px;" width="547" /><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">There is a lot of inventory on the market that you will compete with, but will have an edge as long as you maintain your property. Drive by your competition of <strong>short sales </strong>and <strong>foreclosures </strong>in your <strong>Southwest Florida </strong>market. Or get your agent to show you the real estate in direct competition with you. You will see houses with high grass, vandalism, missing AC units, busted water softners, a bunch of trash, etc... When you walk into these properties they are hot and uncomfortable to be in - Some of which you have to literally have a flashlight to walk the property.</span><br />
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<img alt="" height="462" src="http://water.agentxsites.com/xSites/Agents/Water/Content/UploadedFiles/1%20007.jpg" style="height: 323px; width: 369px;" width="505" /><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Even though it is a bad time for your situation, you must consider your purchaser in order to have an edge. If you were making a purchase, wouldn't you want to walk into a well groomed, frigid, nice smelling home??</span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">Not all buyers are "investors" trying to make a buck on your home. Many are first time homebuyers. </span><br />
<span style="font-family: Georgia, "Times New Roman", serif;">Bottom Line... You will make it beneficial for everyone including yourself by maintaining your property. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">If you are considering a <strong>short sale</strong>, we are servicing <strong>Fort Myers, Lehigh Acres, Cape Coral, Estero, Bonita Springs, Naples, Marco Island, Ft. Myers Beach, Sanibel </strong>- Anywhere in <strong>Southwest Florida</strong>. Call <strong>Steve R.</strong> <strong>Daria</strong> direct at <strong>(239) 425-5671</strong></span>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-68883317262696921052011-02-28T13:19:00.000-05:002011-02-28T13:19:00.811-05:00This Month's Featured Lee County Property!<div style="text-align: left;"><strong><span style="background-color: white; color: #3d85c6; font-family: Georgia, "Times New Roman", serif; font-size: large;">16541 Arbor Ridge Drive</span></strong></div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioRyvGy3d32P5HLdmtAVGtxD1v3smObt44UxanfoAwT0-DxvByFFkf2if5nAcB3o4wJNAefTaOqUmqfW0AB0Nc533lLaq4YoxcfOlsoniRExHLVIgoE-3NMN7DoxD67REZ7XsgUvBiMho/s1600/201045969.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" l6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioRyvGy3d32P5HLdmtAVGtxD1v3smObt44UxanfoAwT0-DxvByFFkf2if5nAcB3o4wJNAefTaOqUmqfW0AB0Nc533lLaq4YoxcfOlsoniRExHLVIgoE-3NMN7DoxD67REZ7XsgUvBiMho/s320/201045969.jpg" width="320" /></a><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">This spacious, 4 bed 3 bath property in Arbor Ridge offers a huge screened in pool with a variety of patio areas on both the first and second floor, a large 2 car garage, tile throughout, brick paver driveway, and fenced in yard. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvMd16kumU5rRXbsgINJMrDZ525SmjxSjrystzx-aFICXw5BO0w0S6OojDrFtI10Ir7aHCBFs3ABb6HGXiKu6thjnnNYogOp34H0NcZe1JYFVJr56gRNs06js0WeHpSHXuq6VuGpUmZOM/s1600/201045969_01.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" l6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvMd16kumU5rRXbsgINJMrDZ525SmjxSjrystzx-aFICXw5BO0w0S6OojDrFtI10Ir7aHCBFs3ABb6HGXiKu6thjnnNYogOp34H0NcZe1JYFVJr56gRNs06js0WeHpSHXuq6VuGpUmZOM/s320/201045969_01.jpg" width="240" /></a><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">Top floor consists of a separate entry to a 3 bedroom with den 2 bathroom with upgraded granite kitchen counter tops and solid wood cabinetry. </span><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMoOHe07e8Mk6JYYb_gmRGJTysqJT6gy6z8VlSXXCtEVD2QXhAVJEfIE6vOT_ZVKFurER2-XQF2R8JSHTLkyLXXF6Gt3Swgg0CIjL4LNGw0MIigns5d8q3a3mJbLLeuxgsLOxau8gS26Y/s1600/201045969_08.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" l6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMoOHe07e8Mk6JYYb_gmRGJTysqJT6gy6z8VlSXXCtEVD2QXhAVJEfIE6vOT_ZVKFurER2-XQF2R8JSHTLkyLXXF6Gt3Swgg0CIjL4LNGw0MIigns5d8q3a3mJbLLeuxgsLOxau8gS26Y/s320/201045969_08.jpg" width="240" /></a><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">First floor consists of a large open floor plan with seperate entrance to a one bedroom one bathroom that can be used as a mother-in law suite or lease it out. </span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh95brzH6_NYnbhHb9_yUWIXserIL4peu__FtRvkPpLjuDm22ckm6c1mFmLAD8ZdozcpFnZTr7pzvdXawpc2EiIndjjiXfLPDSWh_VBJwtZ5gLnEBXaBt_7DPxdPmUX8_lpPRtiERJWonE/s1600/201045969_07.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" l6="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh95brzH6_NYnbhHb9_yUWIXserIL4peu__FtRvkPpLjuDm22ckm6c1mFmLAD8ZdozcpFnZTr7pzvdXawpc2EiIndjjiXfLPDSWh_VBJwtZ5gLnEBXaBt_7DPxdPmUX8_lpPRtiERJWonE/s320/201045969_07.jpg" width="240" /></a><br />
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<span style="font-family: Georgia, "Times New Roman", serif;">This home has a lot to offer in a fantastic <strong>Fort Myers</strong> location close to <strong>Ft. Myers and Sanibel beaches! </strong></span><br />
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<strong><span style="font-family: Georgia;">For more information and showing instructions on this property, please contact Steve Daria at (239) 425-5671. </span></strong>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0tag:blogger.com,1999:blog-4858199374712645695.post-67992165868420343582011-02-27T22:01:00.001-05:002011-02-28T12:59:17.067-05:00Time Line & Structure for a Successful Short Sale<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">There is a time line and structure associated with the <b>short sale</b> process which should be carefully documented and kept track of.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">Here is an example of what we do from beginning to end:</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">The Jones family has decided to sell their home as a short sale.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">1. First thing we do is meet in the office to review and provide our documentation (or if out of area email / mail all the pertinent documentation). </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">2. We get all the signed docs and information back from the seller.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">3. We immediately provide the "Release Form" to your lender which allows us to talk and negotiate on your behalf. The release form traditionally will take 72 hours to get into their system in which we relentlessly follow up to ensure they have it. For without it, we cannot move forward.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">4. We aggressively market your home and get it into contract with a qualified purchaser.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">5. We then submit the FULL package to the lender and ensure the bank is not missing any items. This is extremely important. Most of the time items lost or missing when the package is sent to the lender (which it happens all the time - Keep in mind we are not the only file. They are receiving hundreds of short sale files daily).</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">6. We follow up every day (up to 3 times a day) until we know they have a full package in their system. If the package is not complete and we do not follow up, they put the file in the what we call "neglected pile" - Will do not let this happen. Please note: If you are currently represented by a real estate professional that may not know what they are doing, please tell them to read these blogs.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">7. When we know they have the full package, we follow up a minimum of 2 times per week until the assign us a negotiator.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">8. Depending on the bank, they will order a BPO (Broker's Price Opinion - For valuations purposes) before or after a negotiator is assigned.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">9. Depending on the bank, they may have additional in-house addendums / forms to be signed off on. </span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">10. They may also ask for updated bank statements, pay stubs, etc depending on how long it has been since submission / on the market.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">11. Once they have everything and we have a negotiator they either accept or counter offer.</span><br />
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<span style="font-family: Georgia, "Times New Roman", serif; font-size: 10pt;">12. Once agreed they provide an approval of a settlement amount short of what is owed. It then goes to the title company to close out and have buyer and seller sign off on all the closing documentation. </span><br />
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<span style="font-family: "Verdana", "sans-serif"; font-size: 10pt;"><span style="font-family: Georgia, "Times New Roman", serif;">13. You then refer us to all our your friends and family who may need our services</span> :)</span>Maxim Realtorshttp://www.blogger.com/profile/16880920827146901143noreply@blogger.com0