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Florida Foreclosures
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Buying
foreclosure or short sale real estate as a
residence or vacation home in Florida can be exciting and
financially rewarding. Finding opportunities for
foreclosures, short sales, pre-foreclosures,
bank owned, REO and distressed properties,
throughout Port Charlotte, North Port and Southwest FL is Florida Sam’s
specialty.
If you
are looking for a deal and have the vision to
see the difference between an "as is" vs.
"repaired condition" on a property, then possibly
a foreclosure is what you should be looking for.
Florida Sam can
provide you with foreclosure properties in
Charlotte and Sarasota Counties. Click on the navigation menu to
Register for your Free Foreclosure List.
It is
important to understand how the purchase and
sale of foreclosures take place. Usually these
properties sell rather quickly and they rarely
make it to advertisements or the local MLS
system. Therefore, the best way to be aware of
these properties first, is for Sam to have your
contact information so you can be contacted as
soon as another foreclosure (that meets your
criteria) becomes available. Thus, giving you the
edge! |
Is Foreclosure Avoidable?
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Foreclosure - it's a sad reality that can happen
to anyone, but it doesn't have to. Are you
behind on your payments? Is it becoming more
difficult to see the light at the end of the
tunnel? Well with a bit of effort - foreclosure
can be prevented in almost any case.
The key
is immediate, smart, decisive action and
communication with your lender. The fact is,
your lender doesn't want your home and they
spend lots of time and money attempting to
assist homeowners in avoiding foreclosure.
Lenders are in the business of loaning money and
earning interest off of those loans. They are
not in the business of owning or selling real
estate. |
Methods to Avoid Foreclosure
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| Here are the most common
methods used by lenders to avoid losing business
through foreclosure.
Loan
Modification: A permanent change in one
or more of the terms of a mortgagor's loan,
allows the loan to be reinstated, and results in
a payment the mortgagor can afford.
Special Forbearance:
Is a written repayment agreement between a
mortgagee and a mortgagor, which contains a plan
to reinstate an asset that is minimum three
mortgage payments due and unpaid.
Deed in Lieu: A
Deed in Lieu of foreclosure (DIL) is a
disposition option in which a mortgagor
voluntarily deeds collateral property in
exchange for a release from all obligations
under the mortgage. A DIL of foreclosure may not
be accepted from mortgagors who can financially
make their mortgage payments.
Pre-Foreclosure - Short
Sale: A Pre-foreclosure Short Sale allows
the mortgagor in default to sell his/her home
and use the net sale proceeds to satisfy the
mortgage debt even though these proceeds are
less than the amount owed. |
Foreclosures with Florida Sam
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With
in-depth knowledge of lender practices and
procedures,
"Florida Sam" can guide you through
even the most challenging aspects of your
Pre-foreclosure short sale. In the case of most
short sales, a mortgagor is asking their lender
to take a significant loss, and if you know
anyone that's ever done a short sale - then you
know that you can't trust just anyone to do it.
Short sales require steadfast negotiating
skills, knowledge of lender procedures, current
market insight, a significant number of contacts
in the investor community, and shear experience
to expect and deal with the unexpected.
"Florida Sam" has these tools and makes it
happen for her clients.
For a no
obligation confidential consultation,
contact Sue Ann Meyer,
"Florida Sam," who will work hard to make your
Port Charlotte FL real estate transaction pleasant
and profitable. Call Sam at 941-456-8131. |
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