Category Archives for Loxahatchee Homes For Sale

The Benefits of a Loxahatchee Short Sale

The Benefits of a Loxahatchee Short Sale.

There are many benefits in opting for a Loxahatchee short sale to avoid a foreclosure. In a short sale transaction, the bank will allow you to sell your home for less than what you owe. You will need an experienced Loxatchee short sale agent to help you through the process and the negotiation. The idea is for you to be able to sell the home, often on a significant discounted price, while your lender recovers the majority of what you owe.

Although this may not totally absolve you from the debt you owe from your mortgage, this is still a better option than a full-on foreclosure and here’s why:

1.  You may protect your credit with a short sale. A Florida short sale allows both you and the lender to be ultimately in a better position because the lender, too, will prefer to recoup only part of the mortgage amount than to absorb a total loss from a foreclosure. More often than not, the bank will be willing to cut its losses from the difference in the amount that was paid and the amount of the loan than go through a costly deficiency judgement litigation.

2.  You can prevent a foreclosure. It will be in the best interest of everyone involved if a foreclosure will be avoided as this affects not only you as the homeowner, but also the housing market and the lender.

3.   You can have more control. While short sales will also involve negotiations, meetings and a lot of paperwork, the process will still be more like a regular sale as compared to the laborious and stressful process of foreclosures. You can have an active role in dealing with the bank, the buyer, and your Loxatchee short sale agent throughout the process.

4.  You can have peace of mind. Remember that a short sale is at no cost to you. While it is true that short sales may not guarantee that there will be no financial implications on you credit, it will open the door to possible solutions as compared to a litigious foreclosure. It will not only leave you in a more positive position, it will also decrease your financial woes and salvage your credit to a degree.

Keep in mind that every cloud has a silver lining, and that may be a Loxahatchee short sale in your case. Let us walk you through the process, give you all the information you need, and provide you with all the necessary tools with our Loxahatchee short sale services. Call Katerina Gasset at 561-502-1577 today to get all your Loxahatchee short sales questions answered.

What Is A Real Estate Housing Hell?

Real estate is NOT National- Not Regional- But very local! 

Our great negative newspaper loves to spread ill will it seems. Doom and gloom sells papers I suppose or else why would they keep reporting this stuff?? 

Here is a snippet from our local paper:

” South Florida and the Sunshine State are stuck in housing hell…”

What is the point of this statement? What part of South Florida or what part of the Sunshine State is he referring to specifically? How verifiable is his statement and what investigative reporting and research did he do prior to writing this statement and the rest of his article?

How many real estate brokers did he talk to to verify this statement?

And did he talk to top producing brokers and agents who are kicking butt with sales in South Florida or is he asking those about to give up being an agent and not renew their dues at the end of the year?

All answers to open ended questions are the result of perspective, attitude and one’s own understanding.

What is a housing hell? 

That is quite a scary term if you ask me. Would this cause homeowners to just give up and not even try to do a short sale first if they can not pay their mortgage payments? 

Would this cause people who need to sell, to just walk away or not to sell? 

Real estate is very local. Very local. 

In Miami for instance, the prices along the waterfront, South Beach, Miami Beach- went up over 50% in 2011! There are bidding wars, people are coming to Miami from Brazil with cash to buy penthouses and other waterfront condos! The new units are selling fast! They are ahead of their projected sales in new condo projects. 

Is that housing hell? I don’t think so!! 

In Wellington we have wonderful horse farms and equestrian properties that are sought after year after year. We only have about 19% of our inventory on the market labeled as short sales and very few foreclosed properties. We are selling and closing properties in Wellington Florida as our many other agents in Wellington Florida. 

We have more buyers requesting properties to buy here than we have had in years. Our buyers agents are so busy with the leads we send to them that they are telling us they can’t handle any more people to work with until the help those they are helping. 

Is that housing hell? I don’t think so!!! 

What Is A Real Estate Housing Hell?

Real estate is NOT National- Not Regional- But very local! 

Our great negative newspaper loves to spread ill will it seems. Doom and gloom sells papers I suppose or else why would they keep reporting this stuff?? 

Here is a snippet from our local paper:

” South Florida and the Sunshine State are stuck in housing hell…”

What is the point of this statement? What part of South Florida or what part of the Sunshine State is he referring to specifically? How verifiable is his statement and what investigative reporting and research did he do prior to writing this statement and the rest of his article?

How many real estate brokers did he talk to to verify this statement?

And did he talk to top producing brokers and agents who are kicking butt with sales in South Florida or is he asking those about to give up being an agent and not renew their dues at the end of the year?

All answers to open ended questions are the result of perspective, attitude and one’s own understanding.

What is a housing hell? 

That is quite a scary term if you ask me. Would this cause homeowners to just give up and not even try to do a short sale first if they can not pay their mortgage payments? 

Would this cause people who need to sell, to just walk away or not to sell? 

Real estate is very local. Very local. 

In Miami for instance, the prices along the waterfront, South Beach, Miami Beach- went up over 50% in 2011! There are bidding wars, people are coming to Miami from Brazil with cash to buy penthouses and other waterfront condos! The new units are selling fast! They are ahead of their projected sales in new condo projects. 

Is that housing hell? I don’t think so!! 

In Wellington we have wonderful horse farms and equestrian properties that are sought after year after year. We only have about 19% of our inventory on the market labeled as short sales and very few foreclosed properties. We are selling and closing properties in Wellington Florida as our many other agents in Wellington Florida. 

We have more buyers requesting properties to buy here than we have had in years. Our buyers agents are so busy with the leads we send to them that they are telling us they can’t handle any more people to work with until the help those they are helping. 

Is that housing hell? I don’t think so!!! 

Loxahatchee Short Sales

Loxahatchee Short Sales provide some great buys in the western communities of Palm Beach County.  Loxahatchee Short Sale agents

Loxahatchee Groves is an equestrian community and also is adorned with many garden nurseries where you can buy tropical palm trees, fruit trees and landscaping plants.

There was a stigma over Loxahatchee for a while over a cancer cluster scare. This hurt the property values. Those buyers who were keen to the fact that these kinds of rumors tend to go away after a while were able to take advantage of some great prices being offered in Loxahatchee.

But like the rest of South Florida property values took a hit in Loxahatchee when the real estate market when bust.

This has created a lot of homes that are underwater on their mortgages. If you are planning to live in your home for a long while then now is not the best time to sell in most situations. But if you get relocated for work, get sick, lose your job or many other reasons- you may need to think about doing  a Loxatchee short sale and choose an agent who knows how to do short sales and understands the Loxahatchee market.

Loxahatchee Short Sale Agents- Short Sale VS Foreclosure

Loxahatchee Short Sale Agents- Short Sale VS Foreclosure  

You may have heard from your friends or neighbors that you should just put the keys to your house on the counter and walk away from your Loxahatchee home.  Loxahatchee short sale agents

That is not always the best option. We are not attorneys but we do know a lot about the short sale process. We have been helping short sale sellers since 1995. This is not the first downturn in the housing market we have worked through.

What is the difference between a short sale and a foreclosure?

A Foreclosure is when the bank takes your house away from you through a judicial court procedure here in Loxahatchee Florida.

The most common reason that the bank files a foreclosure summons and complaint against you is when you stop making your mortage payments. If you stop making your mortgage payments you could lose your home to foreclosure. 

A short sale is a way to avoid foreclosure. A Loxahatchee short sale is when you negotiate an agreement with your bank for them to accept less than you owe to them when you have a buyer for your home.

At the completion of a Loxahatchee short sale you will be asked to vacate your property. If your home is your Loxahatchee Florida primary residence you may qualify for a HAFA short sale.

In a HAFA short sale you will be getting up to $3000 to move out of your home to help you with your relocation expenses. If you have an old WAMU or old WACHOVIA loan you may be able to even get up to $20,000 from the proceeds of your home when you sell it to a buyer even though you are under water on your mortgage.