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Short Sales on Investment Properties October 31, 2010

Posted by orlandoshortsalefl in Foreclosre, Foreclosure, Foreclosure in Orlando, orlando foreclosure, Orlando pre foreclosure, Orlando real estate, Orlando Short Sale, Orlando short sale Realtor, Orlando short sales, short sale, short sale investment property, short sale investor, short sale realtor, Stop foreclosure.
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So here is the story, you have a rental property but you live out of state, out of country or just out of town. The Tenants stopped paying Rent so you had to go through the eviction process long distance. You finally get them evicted. However now after months of them not paying rent led to the financial strain on your Bank account. You’ve had to pay the mortgage and the HOA . Only to find out that the Tenants moved back in again. Brace yourself folks you have Squatters.

You’re asking yourself is this possible and the answer is “Oh it be Possible”. What happens is they leave a window or the garage door unlocked so they can get back in the home.
Here are some preventative measures you can take once the eviction process is complete.
1. Get the locks changed.
2. Call the utility companies to make sure the electric and water is turned off.
3. Contact your neighbors next to your investment property; ask them to keep an eye out for any activity.
4. Contact your Home Owners Association and let them know the Tenants have been evicted and the property is now vacant.

So let’s say the house is secure and squatter free, what are your options. The strain of no rental income has caused you financial hardship and it is becoming increasingly difficult to keep up with your own mortgage.
Here are some options to consider.
1. Find another Qualified Renter quick.
2. Loan Modification of your current mortgage or mortgages.
3. Sell as a Short sale.
4. Deed in Lieu of Foreclosure.
5. Foreclosure.

If you choose Short sale as your option, we would be happy to help you. There are no fees for our service all commissions are paid directly from your Lenders.
This is what you can expect from Asset One Realty, Inc.
1. We’ll help you get the locks changed and we’ll meet the locksmith out there or do it ourselves.
2. We’ll make contact with your neighbors to keep your property squatter free.
3. We’ll list and market your property to sell.
4. We’ll contact your lenders on your behalf and facilitate the Short sale. Our final goal is to complete the sale.

We have had this scenario on several of our listings. It’s very stressful when you have so much distance from you to your property. Let us help you.
When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. Wendy and I have this and we have the documentation to back it up. Remember foreclosure is the last resort. Contact me at http://www.scottnwendy.com or paganorealtor@gmail.com

Wendy Golding/Asset One Realty, Inc. Licensed Real Estate Broker 407-299-1888

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Short Sale and Divorce October 30, 2010

Posted by orlandoshortsalefl in Florida Foreclosure, Foreclosre, Foreclosure, Foreclosure in Orlando, HAFA, orlando foreclosure, Orlando pre foreclosure, Orlando real estate, Orlando Short Sale, Orlando short sale Realtor, Orlando short sales, short sale, short sale realtor, Stop foreclosure.
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Who gets what? Where will the kids stay? Will I have to have enough money to move? What about the house? These are all the questions that you’ll be asking yourself when going through a Divorce.
Short sales and Divorce can be trying times there is no way to sugar coat it. What may help you is to have an experienced Realtor handle the Short sale for both of you. My goal is to stay true to both parties and complete the task of the Short sale.
In my most recent Short sale the couple was going through an emotionally difficult divorce. It was very hard for them and I wanted to make sure that I handled as much as I was allowed during the process to release some of their burden.
In the beginning of our process there were late night calls of worry and unexpected twists and turns. I would find that one party would be reluctant to provide me with documentation or signatures while the other party was very anxious. After speaking with them both, I found that the reluctant party just needed to vent and the anxious party was just scared. I stayed true to each of them and just listened. Divorce is never easy for anyone, and then add the Short sale of your home into the mix and you have a lot of emotion.
As time went by the calls were fewer and my requests were filled quickly. This is when I realized they really did trust me and I would do everything I could to keep their trust and remain loyal to both of them.
When it came time to close it was seamless! No hic ups, no twists or turns, just complete cooperation from both parties.
I am happy to say that Mr. and Mrs. Are both moving on with their lives and have had a large portion of worry lifted from their shoulders due to their Short sale being completed.
Every situation is different and each person involved has needs that are different. If your in a similar situation but aren’t sure how to go about executing your Short sale while going through your divorce, call me. I’ll be happy to answer your questions and assist you during this tough time.

When you hire an agent ask them to show you their approval letters or some of their closed sales. You want to have an expert on your side. Wendy and I have this and we have the documentation to back it up. Remember foreclosure is the last resort. Contact me at http://www.scottnwendy.com or assetonebroker@gmail.com

scan to our web site

Sincerely,
Wendy Golding/Asset One Realty, Inc. Licensed Real Estate Broker 407-299-1888