Category Archives for Florida Short Sale Agents

Nestor Gasset- Katerina Gasset- 2011 Top 4% In Wellington and Palm Beach County Florida

Nestor Gasset- Katerina Gasset- 2011 Top 9% In Wellington and Palm Beach County out of over 5000 real estate agents in Palm Beach County. 

Bragging rights:) and self-promotion going on here with a smile on my face- yes, it is time to toot our own horns here! 

Back in 2007 there were over 10,000 agents in Palm Beach County and that number has dropped by 50%. We embraced short sales since we already knew how to do short sales since the 90’s recession and the 80’s recession. 

More agents were doing short sales in Wellington and Palm Beach County in 2011. We remained in the top closers for our short sale listings. This is because we don’t give in nor do we give up. The last person that just googled to find us put in google: keyword + Aggressive short sale agents and our name popped up for them. You can not be passive and close short sales. You can not be an order taker and close short sales. 

It was exciting to get the email from Ocean Capital Lending announcing our 2011 success being in the top 9% of all the agents in Palm Beach County. The best part about it is that it is a third party validation of our numbers, in other words, I did not do the math, a third party did:) And that is always a good thing! 

 

Nestor Gasset- Katerina Gasset- 2011 Top 9% In Wellington and Palm Beach County Florida

Nestor Gasset- Katerina Gasset- 2011 Top 9% In Wellington and Palm Beach County out of over 5000 real estate agents in Palm Beach County. 

Bragging rights:) and self-promotion going on here with a smile on my face- yes, it is time to toot our own horns here! 

Back in 2007 there were over 10,000 agents in Palm Beach County and that number has dropped by 50%. We embraced short sales since we already knew how to do short sales since the 90’s recession and the 80’s recession. 

More agents were doing short sales in Wellington and Palm Beach County in 2011. We remained in the top closers for our short sale listings. This is because we don’t give in nor do we give up. The last person that just googled to find us put in google: keyword + Aggressive short sale agents and our name popped up for them. You can not be passive and close short sales. You can not be an order taker and close short sales. 

It was exciting to get the email from Ocean Capital Lending announcing our 2011 success being in the top 9% of all the agents in Palm Beach County. The best part about it is that it is a third party validation of our numbers, in other words, I did not do the math, a third party did:) And that is always a good thing! 

Florida Foreclosure Update- Banks Must Prove They Own Your Note!

Florida Foreclosure Update- Banks Must Prove They Own Your Note! 

The 4th District Court of Appeal has ruled that the banks must prove they own your note before they can foreclose on your property. 

This ruling may force the banks to dismiss some of their cases against homeowners and go back to start the foreclosure process over again after they get possession of the real note. This is good news for homeowners in the state of Florida- they get to have their day in court in order to prove their case. This of course, is also good for foreclosure defense attorneys and it is also good for Florida short sale agents because it gets us some more time to get a short sale approved for sellers who want to move on with their lives. 

The Florida Supreme Court decided to take a case that had already gone to foreclosure. The bank had the note backdated ( allegedely) when they went to court against the homeowner. Even though the homeowner had lost his home the court still wanted to rule on this case because they said it would impact the foreclosure crisis in the state of Florida. 

Then after that decision, the 4th District Court of Appeal ruled on the matter of the banks having to prove ownership of the notes they are foreclosing on. 

Thousands of homeowners have said that the banks did not have the original note in their cases. Most of the banks end up finding the note before the final disposition of the foreclosure summary judgment but the appeals court ruled that the banks have to have ownership and prove ownership before they can even get started in filing a foreclosure summons and complaint against a homeowner. 

The court said that if the bank has any doubt about the note, they should dismiss the case and then refile it later once this is resolved. The homeowner is entitled to an evidentiary hearing instead of the summary judgment hearing. 

The summary judgment should not be used in cases where the homeowner wants a hearing. Summary judgments are not that common except in foreclosure cases. 

Contact a Florida foreclosure defense attorney for futher information. We are not attorneys and we are not giving legal advice. 

There are options to foreclosure. Contact Nestor and Katerina Gasset at 561-753-0135 for a confidential phone evaluation to go over your options to foreclosure. 

What You Need To Know About Loxahatchee Short Sales

What You Need To Know About Loxahatchee Short Sales

If you live in Loxahatchee you have probably heard about Loxahatchee Short Sales. 

You may know someone who has been through a Loxahatchee Short Sale- your friends down the street, your neighbor or even perhaps one of your family members. 

On our website here you will find some important facts regarding short sales in Loxahatchee that you should understand whether you are buying or selling a short sale. Whether you are buying or selling a Loxahatchee short sale the real estate broker you choose is going to make the difference in how successful you are going to be in getting your short sale approved. Not every agent can fight for you to get you the best possible outcome in your own situation. 

This is not a cookie cutter type of real estate transaction. You need someone who is NOT an order taker. Your broker needs to be in your fox hole with you.  The lender is not your best friend and many times they are moving along with your Loxahatchee short sale at the same time as moving your foreclosure right along. 

Call us today to go over your foreclosure options. Your call is confidential! 



Florida Enhanced Short Sale Relocation Assistance Program Extended

Bank Of America Extends Florida Cash Incentive For Short Sales 

Bank of America has a program to help short sales move along that is being piloted here in Florida. If your loan is being serviced by Bank Of America you had until November 30th to apply for up to $20,000 cash incentive to you, the homeowner at the successful closing of a short sale on your home. The incentive program is $5000 to $20,000. 

This cash incentive is based on the amount of money you owe on your mortgage and you do not have to be late on your payments in order to begin the process of seeing if you qualify for the cash incentive. 

Bank of America has extended the deadline to apply for the Florida Short Sale cash incentive to December 12, 2011. So you still have another week or so to get your request into Bank Of America. Call us because we can help you get this process going for your short sale. 

In order to qualify for this program you CAN NOT have an offer on your property. We initiate the short sale and make the request. You must close on your short sale by August 12, 2012. You must also be eligible for either the HAFA program or the Bank of America Proprietary program. 

The eligible short sellers will also be granted deficiency waivers in this program. 

The following are NOT ELIGIBLE for this program: 

  • Ginnie Mae loans, FHA loans, VA Loans and USDA loans. 
  • Lot loans
  • Short sales with offers. 

ONLY FLORIDA Properties are ELIGIBLE. 

Contact Nestor Gasset or Katerina Gasset at 561-753-0135 right now to get your file moving so you can see if you qualify for the short sale relocation assistance. 

Loxahatchee Short Sales- Can I Do A Short Sale On My Loxahatchee Property?

Loxahatchee Short Sales- Can I Do A Short Sale On My Loxahatchee Property? 

Your family, friends and associates are well-meaning. They share their concerns and advice with you. Sometimes their advice is based on hear say and sometimes it is based on past events that have taken place in their own lives. In 2007 the short sale market really started to happen here in Loxhatchee Florida but most agents and most sellers and most people did not even know what a short sale was. The banks did not even know how to handle them and were ill equipped to take on the enormous case load of thousands upon thousands of short sale files that hit their loss mitigation departments across the country from Florida, California, Arizona and Nevada. 

So many of the stories you hear about how a short sale was done in 2007 is way different that how they are handled today in 2011 and into 2012. It used to be as I have written in many of our earlier articles on short sales that you had to have a hardship to do a short sale. That is not alway the case any more. In fact, some lenders are not even asking to see your financial statements any more. Some lenders are paying your moving expenses up to $20,000 at your short sale closing. 

We have been getting sellers who have old WAMU loan and old Wachovia loans up to $20,000 at the closing. This is sometimes a dream come true and a huge surprise to sellers who are so upside down. Just imagine what twenty grand can help you- you can even put a down payment down on another property through an FHA loan if you relocated because of your employment and you were not late on your mortgage payments or you were only late because your bank told you they would not process your Loxahatchee Short Sale unless you were late. 

Times have changed. We are not attorneys and we are not giving you legal advice. We have great attorneys that work with us, that we confer with, that our sellers can hire if they choose to and that we help in short sale situations. We offer Loxahatchee homeowners a free, no obligation short sale evaluation that is totally confidential. 

Wellington Short Sales Where Cash Is King

Wellington Short Sales Where Cash Is King!

Does having an ALL CASH offer on a Wellington short sale listing give you an advantage? 

Yes, it does! 

Cash is King and there are many reasons why having an ALL CASH buyer or if you are the buyer, an ALL CASH offer on a short sale listing in Wellington Florida. As long as the cash offer is a reasonable offer there are benefits to having ALL CASH to close. 

1. When you have an ALL CASH offer we do not have to submit an approval letter from a lender to the seller’s short sale lender. You do have to have a statement from your financial institution or stock brokerage that you do have the cash to make the purchase, that is called a ‘verification of funds’. This will save a little time in the negotiating process. 

2. When you have an ALL CASH offer on a Florida short sale listing you are the boss of your cash and you don’t have a mortgage banker telling you what you can do with your cash. Therefore, should a short sale seller not have the funds to pay off his HOA fees or his lender needs a cash contribution and he does not have all of it, a cash buyer can help out. 

3. When you have an ALL CASH offer in many situations with many lenders we can get them to move faster on an approval. We have been able to get approvals with ALL CASH offers from certain banks in 3 days or less! It is all about having Wellington short sale agents who really know how to negotiate the terms and who know who to go to at the seller’s lender to get the answer. 

4. When you have an ALL CASH offer the seller’s short sale lender will expect you to close quickly once they send us the approval letter. This is great because if the seller is close to foreclosure you will be able to close and the seller won’t get foreclosed on. Many times buyers who get loans need extensions because their lenders are not ready in the time the seller give to them to close. 

To find out more about Wellington Short Sale Agents go to: http://wellingtonfloridashortsales.com