Foreclosures Sur de la Florida y Short Sales

Short Sales, Foreclosures, and Pre-foreclosures in Aventura Buscar las ventas recientes a corto, ejecuciones hipotecarias, y pre-juicios hipotecarios, haga clic en Aventura en el siguiente enlace -----> ventas a corto, ejecuciones hipotecarias, y pre-juicios hipotecarios en Aventura <----- en la parte inferior izquierda de esa página puede desplazarse disponible a través de todas las ventas de condominios corto. Es probable que encontrar una buena oferta.



Todos sabemos que el mercado de bienes raíces en Aventura y sur de la Florida está cambiando. Ha habido muchas preguntas relativas a las ventas a corto y preforeclosures, por lo que pidió a Richard Becker, un abogado en el sur de la Florida, para presentar un artículo sobre este tema. Esto es lo que nos envió. Disfrutar. Si usted encuentra este artículo útil, dárselo. Listado de ventas al descubierto y Preforeclosure El aumento de las ejecuciones en todo el sur de la Florida, específicamente en North Miami Beach y Aventura, junto con la disminución actual y de la deflación de los valores de la propiedad, ha dado lugar a un aumento de las ventas en corto. Una venta corta en el sector inmobiliario se produce cuando un préstamo contra una propiedad es superior al valor actual de mercado de la propiedad.

Por ejemplo, si a la altura del boom del mercado en el 2005 compró una casa por $ 400,000, probablemente poner el 10% hacia abajo y utiliza una hipoteca de tasa ajustable para financiar los restantes US $ 360.000. Ahora, en 2007, con la reciente caída en los valores, la casa es sólo un valor de $ 300.000 y usted, como propietario, están al revés en la propiedad. Usted debe más en la hipoteca de la casa vale la pena. Si las tasas en su préstamo ajustable subió en los últimos meses o si se han producido recientemente algunas dificultades por lo que es imposible que pueda mantenerse al día con sus pagos mensuales de la hipoteca, usted está en peligro de ir a través de una ejecución hipotecaria. Es posible que haya empezado a dejar de pagar o ya han recibido una notificación de litispendencia. Lamentablemente, muchas personas en este escenario de congelación como un ciervo en los faros y son incapaces de tomar medidas. Ellos ignoran las cartas y avisos y simplemente permitir que la ejecución de una hipoteca a suceder. Nunca vistazo a las opciones alternativas que puedan estar disponibles, tales como la negociación con los prestamistas para ponerse al día en los pagos, el refinanciamiento del préstamo, vender la casa a través de una venta corta o declaración de quiebra.

Cada opción tiene sus propias ventajas. Por ejemplo, si su dificultad es sólo temporal o que espera recibir una gran suma de dinero en el futuro cercano, una negociación con el prestamista puede ser una gran alternativa para usted. Si, por otra parte, esto no es una opción viable, tratando de vender la casa a través de una venta corta puede ser el camino a seguir. Si la venta corta pasa a través de, el prestamista de acuerdo en vender la casa por menos de lo que debe. Pasando por la venta corta puede ayudarle a construir su puntuación de crédito una copia de seguridad más rápido que si se ven obligados a tener un juicio hipotecario en su informe. Por último, ya que nunca hay garantías a la hora de vender una casa o ser aceptado por el banco para una venta corta, siempre hay la opción de declararse en quiebra.

Cada caso es único y cada opción puede tener una variedad de consecuencias en usted y su futuro. Es muy recomendable que si usted está teniendo dificultades para hacer sus pagos hipotecarios mensuales que usted contacte a un especialista para que pueda discutir sus opciones con más detalle. La contratación de un abogado es una decisión importante que no debe basarse únicamente en la publicidad.

Enviado por:
Richard Becker, Esq.
305-508-7202

Foreclosures Aventura and South Florida

The foreclosure market in Aventura Fl and all over South Florida is growing. Many are waiting to see what Obama's plan will do to save their homes. In the meantime, there are many buyers that are only searching to buy foreclosure in Aventura. Aventura, FL. is packed with condos that are in foreclosure and it's causing prices to dip. If you are interested in foreclosures in Aventura or Find Foreclosures Nationwide check out websites online with a wealth of free foreclosure information.

The coupon above is a great way to test out one of the most respected and reliable foreclosure websites around. The key is to know what is going on in your area so that you can locate which bank owned properties in Aventura, REO, or short sale properties in Aventura are right for you.

South Florida Short Sales

NOW AVAILABLE ON AUCTION condoforeclosuretours.com

Search recent Short Sales, Foreclosures, and Pre-foreclosures in Aventura click on this link -----> Short Sales, Foreclosures, and Pre-foreclosures in Aventura <----- at the bottom left of that page you can scroll through all available apartment condo short sales. You're likely to find a good deal.



We all know the real estate market in Aventura and South Florida is changing. There have been many questions relating to short sales and preforeclosures, so we asked Richard Becker, an attorney in South Florida, to submit an article regarding this topic. This is what he sent us. Enjoy. If you find this article helpful, pass it on.


Overview of Short Sales and Preforeclosure

The increase in foreclosures throughout South Florida, specifically North Miami Beach and Aventura, combined with the current decrease or deflation of property values, has led to a rise in short sales. A short sale in real estate occurs when a loan against a property is higher than the property’s current market value. For example, if at the height of the market boom in 2005 you purchased a home for $400,000 you probably put 10% down and used an adjustable rate mortgage to finance the remaining $360,000. Now, in 2007, with the recent drop in values, the home is only worth $300,000 and you, as the owner, are upside down on the property. You owe more on the mortgage than the home is worth.

If the rates on your adjustable loan went up in the past few months or you recently experienced some hardship making it impossible for you to keep up with your monthly mortgage payments, you’re in danger of going through a foreclosure. You may have begun missing payments or have already received a Lis Pendens Notice. Unfortunately, many people in this scenario freeze like a deer in headlights and are unable to take action. They ignore the letters and notices and simply allow the foreclosure to happen. They never look at alternative options which may be available, such as negotiating with the lenders to catch up on payments, refinancing the loan, selling the home through a short sale or filing for bankruptcy. Each option has its own benefits. For example, if your hardship is only temporary or you expect to receive a large sum of money in the near future, a negotiation with the lender may be a great alternative for you. If, on the other hand, this is not a viable option, trying to sell the home though a short sale may be the way to go. If the short sale goes through, the lender will agree to sell the home for less than you owe. Going through with the short sale can help you build your credit score back up faster than if you are forced to have a foreclosure on your report. Finally, since there are never any guarantees when it comes to selling a home or being accepted by the bank for a short sale, there is always the option of filing for bankruptcy.

Every scenario is unique and every option can have a variety of ramifications on you and your future. It is strongly recommended that if you are having difficulties making your monthly mortgage payments that you contact a specialist so that you may discuss your options in further detail.

The hiring of a lawyer is an important decision that should not be based solely upon advertisements.

Submitted by:

Richard Becker, Esq.
305-508-7202

After doing some research on this subject, I came across a great clip on YouTube. Take a look...

Aventura Short Sales, Pre-foreclosures, and Foreclosures

Search recent Short Sales, Foreclosures, and Pre-foreclosures in Aventura click on this link -----> Short Sales, Foreclosures, and Pre-foreclosures in Aventura <----- at the bottom left of that page you can scroll through all available apartment condo short sales. You're likely to find a good deal. If you are thinking about foreclosure, it's important that you locate an attorney immediately. An attorney can advise you on foreclosure defense. Foreclosure defense is an area of law usually focused on by real estate attorneys. Foreclosure defense Aventura attorney can help you in your foreclosure defense. Stay informed contact foreclosure defense.

There is a lot of talk these days about the amount of short sales and foreclosures happening to Aventura condo owners. I've been hearing a lot about this all over town - at Moe's Bagels, Starbucks, Borders, and even at Publix. It seems every where you go someone is saying something about there friend or someone their friend knows that invested in an Aventura condo and cannot make the payments.

In order to get a better idea about this subject I did some research. There's a lot of great information about the subject on www.valueshortsales.com .

Here's some info that's on their site by Carlos Sarmiento.

Pre-Foreclosure
In Florida, when a homeowner misses 3 mortgage payments, generally the lender will mail a letter to alert the homeowner that unless a payment is made, the home will fall into a “pre-foreclosure” status where foreclosure procedure is initiated. At this point, the lender files court action and records a notice of a pending lawsuit (Lis Pendens) against the borrower. The lender notifies the borrower and any other affected parties in person or in some cases by mail or publication. If the borrower does not respond to the court action within a specified amount of time, the county clerk can find the borrower in default and the lender can ask the court to make a final ruling. If the court rules against the borrower, the ruling will include the total amount owed to the lender and the foreclosure sale date. The borrower can stop the foreclosure up until the date of the sale by paying the total amount owed to the lender.

Notice of Sale / Auction
The sale date is typically 20-35 days after the court ruling, but this may vary depending on the individual court. The clerk of court issues a notice of sale containing the location, date, and time of the sale. The notice is published once a week for two weeks, with the second notice appearing at least five days before the sale. Within 10 days of the sale, the clerk transfers ownership to the winning bidder if no one disputes the sale. In most instances, a borrower has no right of redemption after the certificate of sale is issued. At this point, the homeowner has lost his/her home to foreclosure, their credit will show a foreclosure for the nest 10 years and the foreclosure does NOT mean the homeowner is free and clear of the debt that is owed. The entire process from the time the homeowner misses the first payment to the day of the auction is typically about five months.

The Short Sale
The Short Sale is when the lender, prior to the home being auctioned off, agrees to a lesser amount than it is owed, and agrees to accept this amount without further action to the homeowner. This is easier said than done. The lender must be convinced that the homeowner has done due diligence in trying to sell the home, he/she must show they can’t afford the payments and have a reason satisfactory to the lender. Financials must be prepared on behalf of the homeowner, contracts, bank statements and various other documents as is required specifically by each lender. If the lender agrees to the amount proposed in the short package, then the sale is made at the lesser price, the foreclosure is avoided and the remainder of the unpaid mortgage balance is excused by the lender. This acceptance of an amount which is less than what is owed the lender constitutes the “Short Sale”.There are generally three options that the homeowner can take when faced with a foreclosure:

Option 1
Refinance – It may be possible to refinance your home. Yes, the interest rates are probably higher than what you are currently paying, but if you can afford the higher payments, you may be able to refinance your mortgage to pay off the foreclosure, existing debts and even end up with cash.

Option 2
Bankruptcy – Once the lender files the “Lis Pendens”, homeowners will most likely receive offers to help you file bankruptcy. But would this help you in the long run? Bankruptcy is not a cure-all that will save your home; it will only postpone the inevitable. Be aware that if you file bankruptcy, your home could still go to auction, thus resulting in both a bankruptcy and foreclosure against your personal credit. Bankruptcy delays the foreclosure because a lender can’t auction the home until the bankruptcy debts with creditors is resolved. Bottom line is, if you don’t pay the mortgage, you don’t keep your home; otherwise everyone would file bankruptcy, stop paying the mortgage and live mortgage free for the rest of their lives.

Option 3
Sell Your Home – Many people in foreclosure cannot refinance. The good news is that up until the day of the home auction, you have the power to sell and avoid the foreclosure. We at ValueShortSales.Com have a team of professionals, and a network of investors and specific buyers who are looking for homes at wholesale prices. Our combined resources assure you a service commitment that prevents your home from going to auction thus avoiding foreclosure altogether. Not the End of the Road - Going through a foreclosure is rough, but there’s light at the end of the tunnel. We specialize in helping our customers repair their credit history and qualify again for a mortgage on a new home after just a short time, perhaps as soon as a year. Some times, bad things happen to good people, not because they’ve done anything wrong, but because they are just having a bad season.