804 Nicholas Pkwy E., Suite 2, Cape Coral, FL 33990

Cape Coral short sale process

Cape Coral Real Estate – How Short Sales should work – our opinion Short Sales and How I Think They Should Be Handled   First of all I do not believe that any real estate agent should list a home as a short sale without having done some research first.     Research   You should have a preliminary title search done to determine if there is a second mortgage or any other liens on the property. Determine who the owner(s) are.                 Document Collection   Next, you should collect all of the necessary paperwork that the lender…






Ready to buy a short sale?

What to Expect when you are expecting to buy a short sale   So, you are expecting? Expecting to buy a short sale? Short sales are handled much differently from traditional sales. Here we will go over the differences to help you through the process.   The first thing to consider: Your time frame for purchase   Do you have enough time to wait for an answer? Short sales can take 30-60 days to receive an answer. We’ve heard horror stories of it taking 5-6 months in some cases as well. This could have been due to a number of…






Cape Coral short sale solution

I’m a firm believer in only addressing a problem if you have the solution. The recent blog I wrote about Countrywide short sales sure caused a lot of comments, emails and phone calls. Not to worry, I have a solution. Read the full article about Countrywide Short Sales and the WHY behind this post. Here’s what I propose the banks do to collect the most money back on these bad loans:   1)    Have an intake department with a checklist of items needed in package (timeframe: same day of receipt) a.     Reject all that are missing items – send letter…






What is a short sale?

Quite simply put, a short sale can take place when a seller owes more on their house than what they can sell it for. Their lender (bank) may negotiate a lower sales price than the current mortgage. The bank does this 1) if the seller has a hardship 2) to avoid foreclosure costs. There are tax & legal issues to research when attempting a short sale. You should speak with your attorney & CPA prior to beginning any negotiations with the bank to make sure that this is your best option. We’d be more than happy to speak with you…