A real estate short sale is when the your mortgage bank/servicer’s investor has agreed to take less than what is owed.

A short sale is a foreclosure alternative.

The Short Sale Guide will take you through the steps of a short sale. Great for Realtor & Homeowners…You’ll learn how to prepare for a short sale and what steps to take to apply for a HAFA short sale the government short sale. In the guide, you will find insider tips on how to save time throughout short sale process.

Learn what to expect from the bank.

I am sad for my client who has fallen victim to a selling agent that is being fed foreclosurers by banks who are failing to notice that in my opinion a huge number are selling to her own clients.

Fort Lauderdale Condos 

My client lives next door to this home, he is renting and wanted to buy the home next door. We attempted over and over again to contact the bank that owned the property. For months we got nowhere.

When the agents sign went up in the window we immediately called. For weeks we were unable to find it in the MLS. We were told that the foreclosure had been pulled back by the bank and they were waiting an update. They took my number, but never called me back.

The property appeared on the MLS. My client and I were there on day one, over three weeks ago and wrote the offer, with an escrow check and a preapproval letter. It was downloaded into her online order system, we received confirmation, and that was the last we heard.

We were told they take no phone calls, we also know from experience they do not answer emails, simply go online and check. Well as of this minute it reads “submitted waiting response”, the same thing it has read for three weeks.

This morning I requested another showing via her online system, it confirmed and gave me the lockbox code. My initial plan of the day was to speak to my client about raising the offer far above asking price. The code to enter the property was wrong. Within an hour my client called that he was sitting in his home watching the home next door be inspected, he had just met the buyer.

The property is still active on our MLS, her website shows 180 active listings even though the MLS shows only 40, our offer is still “submitted waiting responce”.

I am not sad about the deal I have lost, I think my buyer will stick with me. I am sad that some Realtors have lost touch with professionalism so much that they can’t even contact an agent back. If she had a higher offer simply, say so. I am suspect on never receiving the “highest and best” request. Fort Lauderdale Real Estate

At this point I have asked the agent to call me by Monday afternoon, at that point I may approach the board of Realtors, I am finding this entire situation embarrassing for all parties concerned.

Any thoughts. …?

Eric Miller

Broker Associate

Keller Williams Realty Professionals

(954) 383-8170

visit us on the web at www.FTLRealEstate.com and www.FortLauderdaleGroup.com

Title Insurance Quote

What is a short sale?

What is title insurance?

Do you consider yourself frugal? Smart? Sophisticated? All of the above? For many, the answer is “yes.”

So why leave hundreds, if not thousands of dollars on the table when selling, buying or refinancing property in Florida?

“Title companies in Florida are prohibited from discounting a title insurance premium rate set by the state. But they can offer a rebate,” said Assure America Title Company president Anthony Crupi. “Just by asking, consumers can receive from my company title insurance rebates of up to 20 percent.”

A $500,000 home sale in Florida requires payment of title insurance at $2,575. A $1 million dollar home costs $5,075 in title insurance.

“In most counties in Florida, a 20 percent rebate could put $515 back in your pocket if you sold a $500,000 home, or $1,015 on a $1 million home,” Crupi said.

“The buyer pays the title fee in Broward, Miami-Dade and Monroe counties, while the seller pays the fee in Palm Beach County and the rest of the state. Theoretically, a person selling a home in Palm Beach County and buying a new home in Broward or Miami Dade would have to pay title insurance fees twice,” Crupi said.

“There are many closing costs involved in buying and selling property. You pay real estate commissions, attorney fees, and taxes to record the sale and transfer of a property. With the economy sluggish and real estate prices down in many cases, it makes sense to be an educated consumer and seek to cut costs where possible,” Crupi added. “The state allowed title insurance rebate program we offer can be significant.”

Assure America Title Company provides a variety of title services to protect home buyers and lenders against losses because of title defects or liens on property. The company offers services throughout the United States but has a particularly strong presence in Florida. Services offered include:

•     Settlements for Purchase/Refinance
•     Free Short Sale Processing
•     Title and Liens Searches
•     Deed Preparation
•     Escrow Services
•     Closing Services
•     Commercial Title Services
•     1031 Exchange

To learn more about the types of services Assure America Title Company offers, including the Florida Title insurance rebate program, call 1-877-427-9696, or visit the company web site at http://www.assureamericatitleinsurance.com.

Full Story

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WEST PALM BEACH, FL (Oct. 14, 2010) – Foreclosure paperwork mishandling by lenders and their legal representatives could provide an opening for individuals attempting to “short sale” their properties, Realtor and real estate mediator Deidre Newton says.

“Attorney Generals and consumer groups are questioning whether lenders have filed, based on overwhelming volume, insufficient or illegal paperwork against property owners who have fallen behind in their mortgage payments,” Newton says. “The challenges in the courts may result in a significant delay of foreclosure cases for several months, if not longer.”

But for those individuals making payments but having a hard time selling their property because their mortgage has become higher than the value of their home, the foreclosure paperwork fiasco could be beneficial, Newton said.

“The foreclosure paperwork mess might create added leverage for ‘underwater’ home owners,” said Newton, founder of the Real Estate Negotiation School, www.renegotiationschool.com.

“Lending institutions might be more willing to negotiate the sale of such properties to move them off their books,’” Newton said. “While short sales are not optimal for lenders, they might see them as a pragmatic way of keeping people from abandoning their homes and creating a greater devaluation of properties and blighting of neighborhoods.”

A frequent contributor to media reports on the real estate scene, Newton is participating in a series of “Florida Housing Help” workshops sponsored by the state Department of Financial Services, http://www.myfloridacfo.com/Consumers/OutReach/FLHousingHelp.asp.

The next workshop is this Saturday, Oct. 16, 10 a.m. to 4 p.m. at the City of Lauderhill City Hall, 5581 W. Oakland Park Blvd.

Newton will also be holding a seminar called “Short Circuit the Short Sales” from 9-11 a.m. next Wednesday, Oct. 20, with members of the Jupiter-Tequesta-Hobe Sound Association of Realtors, 901 W. Indiantown Rd # 18, in Jupiter.

(For additional information, contact Newton directly at (561) 685-0386 or isellwpb@aol.com)

Short Sale Processing

What is a short sale?

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About the author

About the AuthorFort Lauderdale Realtor, Eric Miller is a broker associate /owner with Keller Williams Realty in

What is a short sale?

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After helping and getting to know both of these individuals, we realized the underlying benefits that go along with a short sale. There are many benefits to a short sale vs. a foreclosure and sharing them with potential clients will help you solidify those relationships. Maybe you know a Government worker who is facing foreclosure and doesn’t realize the severity of it. Maybe this experience will help them.

There are many ways we can work together and support you with your clients.

When it comes to short sales, we offer 2 levels of service:

Full Short Sale Processing – From listing to closing we will help gather documents, provide a free preliminary title search, submit file, follow up and obtain a Short Sale approval. NO UPFRONT COSTS…We get paid when you get paid at Closing! No Attorney or Short Sale Processing Fees.

24 Hr. HUD Service – Many realtors like to retain control of their short sale and our 24 Hour HUD service was created to support them. We will provide you with a Free Preliminary search and all the updates you may need to successfully complete the short sale.

If you’re interested in hearing more about how we can help you,

Please Call Me… 1-877-427-9696

Short Sale Package Available Upon Request

Thank You,
Anthony Crupi
Assure America Title Company
“Our Knowledge is your Advantage”

Contributers:
What is a Short Sale

Miami Refinance - Direct Mortgage Lender based out of South Florida servicing Miami Beach mortgages, Fort Lauderdale Mortgage, Miami Home Mortgage, Miami Beach refinaces, Naples mortgage, Palm Beach mortgage, West Palm Beach mortgage.  acts as a mortgage broker/ mortgage lender on Home Loan Florida, commercial loans, Florida Refinance, construction loan and home equity lines throughout Florida. They specializes in South Florida Home Loan and Mortgages.

 One of the advantages of working with our Mortgage Lender company is that we have over 300 lenders available to help the needs of our clients. Miami Refinance

What is a short sale?

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Ms. Deidre Newton, author of the Florida Foreclosure Toolkit ™, was interviewed as part of a story on the Obama administration’s decision to take new steps to help those “underwater” with a mortgage greater than their home’s value.

The change would require lenders to reduce or suspend monthly mortgages payments for up to six months, reduce mortgage balances to reflect property values and re-finance them with Federal Housing Administration (FHA) loans.

Ms. Newton, a fourth generation Floridian, in addition to mediation services, offers classes to real estate agents on how to close real estate sales involving property in foreclosure. She was interviewed in St. Lucie County talking about the importance of keeping people in their homes to avoid further depression of real estate values.

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What is a short sale?

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Florida Title Insurance Quote For fast title insurance quote click here

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However, you should consider to be assisted by our Agents at SellFirst Realty.

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