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So if you are behind on your mortgage payments or if your lender has contacted you in regards to foreclosing on your South West Florida home, know that you are not alone. If your home is foreclosed, your credit may be ruined. Foreclosures can remain a black mark against you for up to ten years or more! And lenders can go after you for a deficiency judgment for the balance due. But there is hope. Many lenders are agreeing to "short sales" in lieu of foreclosures. What is a Short Sale? In a short sale, the lender allows the property to be sold for less than the total amount due on the loan. In many cases, the lender forgives the remaining debt. More and more lenders are willing to make accommodations to avoid taking the property back. Typically, a short sale is conducted to prevent a bank from having to foreclose on a home. Banks do not want to take over homes, especially in a declining market and, although the lender may ultimately collect less than the amount owed on the mortgage, they will save money by not having to pay attorney's fees, go through an eviction process, make repairs to the home so it is marketable, or have the expense of keeping real estate in inventory. TIME IS OF THE ESSENCE! If you are facing possible foreclosure, time is of the absolute essence. Our Florida real estate short sale experts will analyze your situation quickly, and provide you with everything you need to get started. If you qualify, we can help you negotiate with your lender to allow you to sell your property for less than you owe and to have your mortgage completely discharged, to eliminate the threat of future liability from your lender. According to the Internal Revenue Service website, under the Mortgage Forgiveness Debt Relief Act of 2007, taxpayers may exclude debt forgiven on their principal residence if the balance of their loan was less than $2 million. “The new law contains important provisions for struggling homeowners,” said Acting IRS Commissioner Linda Stiff. “We urge people with mortgage problems to take full advantage of the valuable tax relief available.” Legislation enacted in October 2008 extended this relief through 2012. YOU ARE NOT ALONE - WE CAN HELP The experienced team behind South West Florida Short Sales is a leader in real estate short sales and is here to help you. We have the expertise and the resources you need. And we have pre-qualified buyers and investors . Please contact us today for a free no-obligation confidential consultation. |
The real estate boom has fizzled down and foreclosures and short sales are up. But, just as every cloud has a silver lining, today's real estate market means properties which were unaffordable by many just a few short years ago, are now bargain priced and within reach of now qualified buyers and investors. Southwest Florida is home to the best that Florida has to offer - from the best luxurious estate homes to the best affordable homes, the best condos, the best land and lots, the best golf course and waterfront property, and the best in restaurants, shopping, theatres, museums and the arts. Here you will also find some of the best white sand beaches in the world, the wonder and beauty of all nature has to offer and a quality and style of life unequaled and unsurpassed. The time to buy or invest in South West Florida homes and land is NOT at the peak of a real estate boom but NOW! When the housing market was booming and real estate values were appreciating in the double digits, short selling was virtually unheard of. But with a slower market, more and more home owners are looking to this practice as a way to avoid a costly foreclosure and more and more lenders are willing to allow this. The result is quality properties selling well below market value! For the home buyer or investor, short sales may offer some of the best real estate values in today's market! For that very reason, you have to be ready to take advantage of it when the opportunity that is right for you comes along. The experienced team behind South West Florida Short Sales is a leader in real estate short sales and is here to help you. We have the expertise and the resources you need. Discounted real estate foreclosures and pre-foreclosures are often listed between 30 to 50 percent less than market value! Please contact us today for a free no-obligation confidential consultation. |
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A New Day is Dawning ... and the Future
Looks Brighter
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Fred Colebrooke is a Licensed Real Estate Professional in the State of Florida (License number SL3012224) and has been involved in the Florida real estate market, including sales, construction and development, for over 25 years, garnering extensive knowledge and experience that is invaluable in the industry, not just in today's market but in keeping ahead of trends and in Florida's future growth as well.. Member of the Naples area board of Realtors and Lee County Board of Realtors, an associate with Keller Williams Elite Realty and its multiple listing service, and a member of the National Association of REALTORS®. We also invite you to visit our SWF Homes and Land website of Southwest Florida real estate resources features listings of real estate, homes and land for sale in Bonita Springs, Bonita Beach, Captiva Island, Estero, Ft. Myers, Fort Myers Beach, Naples, Sanibel Island, Cape Coral, Lehigh Acres, Vanderbilt Beach, Marco Island, Sanibel, Lee County, Collier County, and all of South West Florida with local info & links, free reports, resources for buyers and sellers as well as investment and relocation information. Copyright © 2011 SWFShortSales.com This website makes no warranties or representations as to the legal, credit status and/or tax consequences of real estate foreclosures and/or short sales. We recommend Individuals consult a professional tax advisor. |
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