If you bought a property in Key West Short Sales, or pretty much anywhere in the last 4 or 5 years, you need to take a serious look at your investment. The local and the entire Florida Keys Real Estate market has taken a severe beating due to the downturn in the economy. Along with that, the worst oil spill in recorded history by British Petroleum happened in the last year certainly didn’t help matters any for our local real estate market. Even though we didn’t get impacted by the oil spill here in Key West, It definitely created a panic when the national news media jumped on board and was broadcasting what “might happen” and Key West and the Florida Keys coastline beaches and our fragile coral reef system.

 Since then the Key West Real Estate market has started to become more active during the last year and there are some very good buys to be made in today’s market. Most recent property sales are bank foreclosures that are now REO properties that have been foreclosed upon and are forcing the market down further as they are priced on the low side of the market so the banks that own them can unload them from their real estate portfolio and stay in the business of making loans.

Whatever you do, read this carefully – What should you do If you have a property that is upside down on equity meaning that you owe more than its current market value and your payments could be increasing due to an adjustable rate mortgage, or you’re having a tough time justifying or making the payments. Does this seem like it fits your current situation ? If so, then you need to seek out someone who can inform you about short sales and if doing one could help you.

 A Short Sale transaction on your property occurs when the local Key West real estate market, or any real estate market your property is within, and your personal financial condition force the property owner to attempt to sell for less than what is owed on the mortgage, providing the lender is willing to accept less than the full amount as payment on the loan.  A short sale sounds like the perfect solution for homeowners that have lost all the equity in their home due to the declining real estate market and they now owe more than the current market value of the property. The decision to enter into a short sale transaction should only be made after you have become familiar with all your options, the full process of a short sale, and when you understand all the alternatives.

 Losing your Key West property, or any other home, to foreclosure due to an inability to pay your monthly mortgage payments is one of life’s most unpleasant experiences. However, occurrences such as serious illness, an accident, a divorce, job loss, a reduction in income or some other life changing experience can happen to anyone. If you find yourself in this type of situation, then considering a short sale on your home could be your best option.

 Make sure you explore all your options because you never want to have your Key West home or the home wherever you live to be foreclosed on. The inevitable result of a foreclosure is the court enforcing a notice of sale action against you, the sheriff knocking on your door with an eviction notice, and the bank taking possession of your home. Not only will you lose your home, but the bank can get a judgment against you for the arrearages you owe, plus the cost of the foreclosure action. If that isn’t enough, your credit report will be in ruined and in terminal condition for many years to come, making worse an already unfortunate financial situation and making it extremely difficult to obtain any kind of credit in the near future. There is absolutely no upside to foreclosure and attempts to avoid it should be made at all costs.

 Before you make a decision on your Key West property by doing a short sale, a foreclosure, or any other possible solution, you need to become informed on all the options available to you as a homeowner. Talk to an informed local Key West Real Estate agent, or an agent in your real estate market, who knows the process, knows how to proceed on a successful short sale, and can go over your situation and explain the different options you have.

National statistics show that many homeowners, in Key West or elsewhere, that are in financial difficulty never make the effort and don’t talk with anyone or do anything about finding a solution to the problem. They don’t know what to do or who to turn to for help so they do nothing and constantly worry and wonder what’s going to happen next.  They’re scared and don’t want to face the reality of the situation.  

 There is HELP available to you, but you must seek it out. Don’t wait for the ax to fall. Become proactive about your situation.  No one knows you have a problem unless you reach out and talk to them about it. Don’t be embarrassed to talk about it, in today’s economic conditions many others are in the same situation as you. Doing nothing is not an option  -  Get  HELP – Make a phone call!

Hi again. I am Mark Alan Adams, owner and founder of the Mark Alan Adams Group. We are Orlando’s best short sale group. Today we would like to talk to you concerning a question that numerous potential short sale clients have. Why would a bank consent to do a short sale?

Very simply, lenders are in business to loan funds and, in turn, collect payments on that money. banks are not in business to possess property and property managing. Subsequently, a Orlando short sale is a more financially useful decision for the lenders than a trustee sale or foreclosure sale.

In a Orlando short sale, a lender will earn 10%-40% more capital at the Orlando short sale than they would with a trustee sale. So it just makes more sense for the lender to do a short sale instead of a foreclosure sale.

To discover more about us and more about Orlando short sales there ought to be a link to the right of this capture on our website referred to as short sale package. Click on that link and download that file today. In that file, discover more details regarding us. More notably, you will find out extra information concerning short sales and what to look ahead to through a short sale. You can find out what to expect from us in your Orlando short sale if you wish to hire us and what we would expect from you. We hope to talk with you soon. Time is of the essence in this process. Act now to avoid foreclosure.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando

Thank you for joining us at present. We are the premier short sale team in Minneapolis. Our core focus in the Minneapolis vicinity is short sales. We’ve also assisted people all over the nation find a short sale expert to work with. When you are carrying out a short sale, you want to be certain that you find a short sale agent that has practice closing short sales. Education earned through completing short sales is more effective than any class or certification that a short sale realtor can obtain.

We wanted to speak with you concerning one thing that distinguishes our Minneapolis short sale team from other specialists. What do you do if you possess a lien or judgment against your home other than your mortgages? There are other judgments and liens, such as a state tax judgment, that can instigate problems with your Minneapolis short sale. Abruptly, if you get a short sale approval, the bank sees that there is a judgment that needs to be taken care of.

If you are speaking with someone that has a lien on a property, they will get zero at a trustee sale. They do not have a negotiating position. Nonetheless, lots of short sale specialists will stop at that moment. You can get past that, and we do every single day.

Familiarity in the short sale procedure is crucial to the success of your short sale. If you have liens against your home, we have worked with this problem several times in the past. You merely need an agent that understands how to deal with a problem such as this. If you have any questions please send us an email, fill out our contact form, or chat with us if you observe that we are logged in on the home page of our website.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota

As a homeowner considering a short sale, it is important you understand the process. Following are some of the most common mistakes agents and homeowners make when handling a short sale.

Your Property is Priced Incorrectly

Pitfall: Your Property is Priced Incorrectly.
This is the most common mistake made with all properties, and the most common reason a property doesn’t sell.

Solution: Agent Providing Understanding and Transparency

Your real estate agent will go through a detailed listing price strategy with you, allowing you to see exactly where your property should be priced based on its current condition, sales in your area, and most importantly, how much time you have left to sell.

Your Short Sale Proposal is Incomplete

Pitfall: Your Short Sale Proposal is Incomplete
This is one of the most frequently seen causes for the rejection of short sales proposals. Most agents do not understand the short sale process and what your lender will be looking for.

Solution: Understand All Aspects of the Process
Your agent should understand the short sale process in detail and be able to explain it clearly. The agent should also be able to communicate effectively with both you and lenders to produce a complete and cohesive proposal.

In conclusion, While these pitfalls may seem troublesome, the right agent can help you navigate your way to a successful closing. Don’t endanger your financial future and the potential sale of your home with an agent who does not fully understand the process. CDPE-designated agents have completed extensive training in the short sale process, and in assisting struggling homeowners who need real solutions. They understand what you are going through, and are here to serve and help save your family’s interests.

I will have more Short Sale Pitfalls and Solutions in my next article ..

Robbie Hopcraft  - Certified  Short Sale Specialist

Robbiehopcraft.com

305 295-9501

Good afternoon! I am Mark Alan Adams, owner and founder of the Mark Alan Adams Group. We are the top short sale agents in the Orlando vicinity. Today, I would like to speak about a case of misinformation. Many Orlando homeowners have been told, or believe, that they should discontinue paying their mortgage payment in order to complete a short sale. I typically get that question from Orlando potential clients in my first consultation with them.

Any qualified authority that tells a potential short sale client to discontinue paying their house payments is setting themselves up for a huge liability. For myself, I would question that person’s capacity and knowledge of the real estate and short sale industry.

All of that being stated, we complete a huge quantity of short sales. With some of those Orlando short sales, our property holder hasn’t even missed a single payment. Let me state that once more. You don’t need to miss payments to complete a Orlando short sale. Hopefully that clears stuff up.

If you want to discover more regarding Orlando short sales, click on the link to the right of this video that states “Get your short sale package now.” We will email you a package. We aren’t going to high pressure sale you or pressure you. Our simple purpose is to tell you about the short sale procedure in Orlando. We want potential clients to go into the short sale method as well-informed as possible. Acquire that package. Read it over and call us with any questions. My private cell phone number is even listed on this website. I am always accessible for questions. We hope to chat with you soon.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando

We wanted to talk about a subject today that is severely misunderstood in the real estate business. It has to do with information that agents should be providing to potential clients. Let us first state that we are not tax experts, accountants, or CPA’s. Nonetheless, we are tired of realtors and the media providing bad advice in relation to taxes. Eight out of ten homeowners we work with think that deficiency and a 1099 tax form are the same thing, and they aren’t.

A deficiency is the bank having the entitlement or not having the right to go after the homeowner for the difference between what is owed and what they are being paid. Deficiencies are decided on a state by state case. So we are not going to chat about deficiencies.

Taxes are a federal issue. Essentially, the lender loaned $300,000 on this property and sold it for $150,000. There is a $150,000 deficiency and the lender has to mark that loss off on their books. When they write off that loss, it has to appear on somebody else’s balance sheet as earnings. The homeowner gets that revenue and it shows up in a document called a 1099.

The reason we are fired up concerning this is because agents have to get the accurate details to potential short sale clients to make certain that they recognize this. Lots of realtors believe that if the homeowner goes to foreclosure they won’t have to pay taxes.

Whether the house goes to foreclosure or it is sold at short sale, there will be a 1099 issue. There are too many real estate agents that do not comprehend the difference between a 1099a and a 1099c. Whether or not you need to pay taxes depends on your situation. You may qualify for the Mortgage Debt Relief Forgiveness Act or you may meet the criteria for insolvency. It is also feasible that you do not qualify for either and you will pay taxes on the amount regardless of whether you have finished a foreclosure or a short sale.

Short sale FAQs and more.

Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona

We want to chat about lead generation and planning that we are making in 2011. After all, what you concentrate on is what you acquire. So, we sought to get you thinking about the lead sources out there that you aren’t tapping into very much. Specifically, we are speaking about referrals. It does not necessarily have to be a referral from another realtor.

We want to encourage you now to focus on the referral side of your trade. Who have you done great work for in the past that might be prepared to provide you a referral? Who is it that you have not spoken with for a bit? Who have not you asked for business? One thing that we’ve prepared in the past is mail out a special email to your sphere of influence. It is the perfect time to ask for business. The holidays are done and potential clients are realizing that they have to do something and they have to do it immediately!

Finally, we are only 17 days away from Short Sales Uncensored. Friday, January 21st is not far away. Brian Gubernick will go in with us for an advanced short sale level seminar. You won’t come across three agents with more familiarity completing short sales. We’re going to reveal the dirty secrets that the lenders don’t want you to know about. If you want to find out about how to get the promissory note waived, come to class. If you want to identify how to deal with the first and second lien holders when they are being difficult, come to class. It will all be captured and displayed in our Short Sales Uncensored session.

In addition, on the 28th of January we will be in the Seattle vicinity. Make certain you register if you are in that market. It is geared up to go off.

Short sale FAQs and more.

Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona

Today we are going to chat about Bank of America Short Sales. I recognize that we chatted about Bank of America just a couple weeks ago. Nevertheless, I had the chance to sit in on a webinar with a short sale administrator at Bank of America yesterday. She had some extremely interesting things to say in relation to Bank of America and what they are doing to assist with Orlando short sales. B of A is receiving roughly 50,000 short sale applications each month.

She also spoke about something called cooperative short sales. This cooperative short sale plan is fantastic for potential clients thinking about Orlando short sales. Basically, Bank of America wants to be involved from the beginning of the progression. Usually, in your Orlando short sale, the lender does not get involved until there is an offer. That can take a long time and when you receive an offer, you still do not know if the bank will accept the offer. We lose a lot of buyers through this process.

Nevertheless, with the cooperative short sale, the bank wants to help price the home. They will be telling short sale groups and potential clients what the offer must be to meet their guidelines.

I truly hope this cooperative short sale thing works out. That being stated, if you have a Bank of America loan and you are thinking about a Orlando short sale, download our short sale package today. This package is a good way to educate yourself regarding the short sale process in Orlando. We will follow up with a phone call to make certain that all of your questions have been answered. There is no commitment when you download this package and it is free of charge. It is merely our way of helping Orlando homeowners stay well-informed regarding the short sale process and their options to avoid foreclosure.

The Orlando Short Sale Expert can answer your questions. Mark Alan Adams’ Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale expert, Mark Alan Adams, at Orlando Short Sale Expert presented by the Short Sale Specialists of Orlando

We are Minnesota’s leading short sale team, situated in the Twin Cities region. If you have some questions on the subject of your Minneapolis short sale we can lend a hand. Even if you are doing a loan mod or trying to elude foreclosure, we can resolve your questions. We make videos twice a day for homeowners just to get information out to the public regarding Minneapolis short sales.

We have been observing lots of short sales that aren’t selling or even obtaining offers. Lots of potential customers are considering what will take place if they don’t sell their property. If you understand the short sale procedure, you recognize that not selling your house is basically impossible. Since the MLS is so well put together, your house will get looked at and it will sell at the price it is worth. If your realtor prices your Minneapolis short sale appropriately, it will sell. We have to find the fair market value of your property in order to sell it. Keep in mind you are under a timeline since you are missing payments.

We just took a new short sale today from a different realtor. This other realtor was telling her customers that they perhaps would not meet the criteria for a short sale. Nonetheless, when we looked at their specific situation closer, we saw that they in all probability will meet the criteria. This isn’t something that most agents would realize. However, because we have closed lots of short sales we appreciate that almost everybody qualifies. Contact us today with your short sale questions. We can help you through this difficult and confusing time.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota

Good afternoon! We are keyed up about the focus that we are going to chat about today. With a bit of luck we can help some people out during the new year. Is your loan mod not working? 70% of the potential customers that deal with us have tried a loan modification or talked about doing a loan mod with their bank. A lot of of those that talked to the bank understood how tough it is or they were basically denied.

We’ve seen some loan mods where the payment in fact went up. The other thing lenders sometimes do is extend your mortgage. If you have a 30-year fixed loan, the lender might extend your mortgage to a 40-year fixed mortgage. Some homeowners will be paying their loan until they are 80 or 90 years old.

Especially with the Minnesota short sale being such a reliable option, we are amazed by people choosing the loan modification alternative. The bank also surprises us in this because if the lender would be smarter about loan modifications, it would be a better option. If they made it easier and made the loan modification process work, you would not need us to assist with your Minnesota short sale. Nevertheless, that just is not the case. The lenders have to get support from the investor on your loan modification. With the loan modification, there are certain guidelines, unlike the short sale. Right now, the loan mod method simply is not happening for Minnesota homeowners or anybody in the nation. Many times the homeowners that really do get a loan mod are still underwater or still have difficulty making the payments.

If you are considering doing a loan mod on your Minnesota house, please give us a phone call or talk with us on our website. We can help you!

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota