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Florida second highest in Foreclosure rate May 14, 2013

Posted by orlandoshortsalefl in Florida Foreclosure, Foreclosure, Foreclosure in Orlando, orlando foreclosure, Orlando pre foreclosure, Orlando Short Sale, Orlando short sales, short sale, short sale realtor, Stop foreclosure.
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The following information and chart is from realty trac.

Florida foreclosure starts dropped 27 percent from March to April, but for the second month in a row the state posted the nations’ second highest foreclosure rate: one in every 363 housing units with a foreclosure filing.

Although the state’s foreclosure starts decreased annually for the second straight month, scheduled foreclosure auctions in Florida increased 55 percent from a year ago in April — the fourth straight month with an annual increase in scheduled foreclosure auctions. Florida REOs in April increased 9 percent from a year ago, and the state has posted annual increases in REOs in 15 of the last 16 months.

Florida number 2 after Nevada for Underwater homeowners

Florida number 2 after Nevada for Underwater homeowners

Five Florida cities posted foreclosure rates in April that ranked among the nation’s top 10: Ocala at No. 2 (one in every 225 housing units with a foreclosure filing); Miami at No. 3 (one in every 269 housing units); Orlando at No. 4 (one in every 287); Jacksonville at No. 7 (one in every 345 housing units); and Tampa at No. 9 (one in every 384 housing units).

These stats are quite alarming as the rest of the nation seems to be recovering and we are still experiencing record foreclosures. So while the starts are decreasing the auctions are on the rise. I realize we need to get the foreclosures out of the way to recover, however the main stream media is not reporting these stats. With one in every 287 homes in Orlando being in Foreclosure.

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. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale and video testimonials from our clients. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com

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Summerlin Winter Park Florida we have Cash Buyers June 14, 2012

Posted by orlandoshortsalefl in Bank of America, Bank of America short sale, Citi short sale, HAFA, Orlando Short Sale, Orlando short sale Realtor, Orlando short sales, short sale investment property, short sale realtor, Stop foreclosure.
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WE HAVE CASH BUYERS FOR  SUMMERLIN AT WINTER PARK CONDOS

Dear Property Owner of Summerlin Condos at Winter Park:

My Name is Wendy Golding, Broker/Realtor/Owner of Asset One Realty, Inc.  My husband Scott Pagano and I work primarily with Distressed Home Sellers, these are Short sales.

As many you may be aware the housing crisis has hit Orlando Florida very hard. For some of us who have invested in the peak of the boom we are facing defaults and foreclosures.

There are options out there for you.  Right now Asset One Realty, Inc. has qualified Buyers for Summerlin at Winter Park Condos located in 32792.  These are cash buyers who are very eager to own at this location.

Scott and I have negotiated many Short sales for Investors and would like to assist you with yours.  Now is the best time we have Cash Buyers waiting for Condo’s at Summerlin at Winter Park.

Please contact us today, there are three ways to reach us: email:  assetonebroker@gmail.com

Wendy’s Cell Phone 407-470-3894 or Office Phone 407-299-1888

web: www.OrlandoFLShortSaleCenter.com

We guarantee that we will get your Short Sale approved. Visit www.orlando-shortsale.info for videos on your Short sale Questions

Sincerely,

Wendy Golding

Broker/Realtor/Owner Asset One Realty, Inc.

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. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. View our happy clients testimonials at our web sites, Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale.  like us on Facebook and view our homeowner help video. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com             Click here for your free E-Book

Visconte Condos we have Cash Buyers June 14, 2012

Posted by orlandoshortsalefl in Bank of America short sale, Citi short sale, Citibank short sale, HAFA, Orlando Short Sale, Orlando short sale Realtor, Orlando short sales, short sale investment property, short sale investor, Stop foreclosure, Wells Fargo short sale.
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WE HAVE CASH BUYERS FOR  VISCONTI

Dear Property Owner of Visconti:

My Name is Scott Pagano/Realtor with Asset One Realty, Inc.  My wife Wendy Golding and I work primarily with Distressed Home Sellers, these are Short sales.

As many you may be aware the housing crisis has hit Orlando Florida very hard. For some of us who have invested in the peak of the boom we are facing defaults and foreclosures.

There are options out there for you.  Right now Asset One Realty, Inc. has qualified Buyers for Visconti located in Maitland FL.  These are cash buyers who are very eager to own at this location.

Wendy and I have negotiated many Short sales for Investors and would like to assist you with yours.  Now is the best time we have Cash Buyers waiting for Condo’s at Visconti.

Please contact us today, there are three ways to reach us: email:  paganorealtor@gmail.com

Scott’s Cell Phone 407-427-4763 or Office Phone 407-299-1888 web: http://www.OrlandoFLShortSaleCenter.com

We guarantee that we will get your Short Sale approved. Visit www.orlando-shortsale.info for videos on your Short sale Questions

Sincerely,

Scott Pagano

Realtor with Asset One Realty, Inc.

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. At Asset One Realty, Wendy and I have this knowledge and we have the documentation to back it up. Remember foreclosure is the last resort. View our happy clients testimonials at our web sites, Contact us at our Web Site or Short Sale Answers this site has videos of the 5 most asked questions regarding a short sale.  like us on Facebook and view our homeowner help video. Email us direct at paganorealtor@gmail.com or assetonebroker@gmail.com             Click here for your free E-Book

Equator Bank of America March 24, 2011

Posted by orlandoshortsalefl in Bank of America, Bank of America Equator, Bank of America short sale, Equator short sale, Florida Foreclosure, Foreclosure, Foreclosure in Orlando, Orlando Short Sale, short sale realtor.
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We have now completed multiple short sales with the equator system. I will have to say BofA is now my favorite bank to work with. I still can’t believe I just wrote that. I was around when we had to fax BofA 4-5 times just to get the documents imaged. Well that has all changed for the better since Equator.

This systems allows me to upload all documents from the computer direct to the bank. The tasks are assigned as soon as we initiate the short sale. The first task is 3rd party authorization which allows me to speak to the bank on your behalf.

The next section is the offer worksheet which is very similar to your HUD-1. The numbers will show BofA their net on the short sale. Make sure your agent knows how to read a HUD-1 as these numbers must be accurate the first time.

After this usually within 24-48 hours you will have another task assigned to upload the MLS sheet, Purchase contract, HUD-1, property photo and MLS number. This is all done within the first 3-5 days. WOW! This document collection in the past would have been 4-6 weeks if not longer.

Now they will order the BPO for the valuation stage of the process. This is a good time to have the homeowner upload his documents. Pay stubs, bank statements, tax returns, hardship letter and financial worksheet. For my clients I upload all of these documents into the library under the tasks bar, upload supporting documents section.

The valuation stage moves fairly quick, I have actually had the BPO ordered within 3 days from this task assigned. The value comes in within a week. Now we move to my favorite part the negotiator. Again I am still shocked because old BofA would take months to get to this stage. Good job Bank of America for using Equator.

The negotiator will counter the first offer, ALWAYS. You do NOT have to accept the counter offer, you can counter the offer which we have done successfully every time on every file. They will usually ask for a price increase from the buyer and a prom note or cash contribution from the seller. This is the part where you want an experienced agent on your side with contacts at the bank in the VP, SVP position if needed. Wendy and I have these contacts and if necessary we will reach out to them if the negotiator is being unreasonable.

So thats it, the last file we had after countering 2 times the offer was approved within 27 days. 27 days, no that is not a misprint. I will say again BofA is my favorite bank to work with since the Equator system happened.

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

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

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

Citibank Short sale June 16, 2010

Posted by orlandoshortsalefl in Citi short sale, Citibank short sale, Foreclosre, Foreclosure, Foreclosure in Orlando, Orlando pre foreclosure, Orlando real estate, Orlando Short Sale, Orlando short sale Realtor, Orlando short sales, short sale, short sale realtor.
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Short Sales with no deficiency Judgment for you.  

Well it’s official I am a Rock Star! 

So here is how the story goes….. I have this seller that no other Realtor we’ll call them musicians  would take due to it’s size, by the way it is my most humble of sales/scores. As a matter of fact 4 other Realtors/musicians turned it down because it was so low.  After the sellers we’ll call them the promoters, sang me their song I took the listing and started my short sale tour.

This particular Short Sale was with Citi, so we’ll call this my Citi Tour. On my Citi Tour I encountered several Roadies who were grumpy, tired and possibly hung over. It took me forever to set the stage for a very low budget concert. My lead Guitarist, we’ll call her the negotiator wouldn’t talk to me….ever, she would only email me.

Now I understand it’s hard to get a lead guitarist but we have to communicate…right?  Anyway I had to go to her Manager, we’ll call him the Boss to get things moving. Funny how the Boss can always make things happen.  One of our biggest challenges was the value from the appraisal. This came in much too high. The appraiser we’ll call him the Ticket Master apparently got his values from sales from 2005.   Naturally I had to fight this. It’s really hard to orchestrate my Citi tour when so many of my Band Members are not on the bus.  

Needless to say I had to do my own BPO, we’ll call this my Ballad. My Ballad had everything from heartache to distress but ended very Happy.  My Ballad was so good even My lead guitarist agreed. In fact she decided to record it with her seal of approval. The best part was there was no deficiency judgment or Promissory note from my Citi Tour, just satisfied promoters and dedicated groupies.

Long live Rock! Wendy The Rock Star

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 www.scottnwendy.com or paganorealtor@gmail.com or you can use my 24 hour recorded info hotline 1-866-647-8425 EXT 104. Also check out this site I created for a report on the top 10 scams for homeowners facing Foreclosure. www.stopthephonecallsorlando.com

Military Armed Forces forclosure assistance May 30, 2010

Posted by orlandoshortsalefl in Armed forces short sale, Foreclosre, Foreclosure, Military Foreclosure assistance, military short sale, Orlando Short Sale, Orlando short sale Realtor, veterans foreclosure help.
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First of all my wife and I want to Thank You all for protecting our country and keeping our freedom alive and well. You are all the best. I am sure you do not hear this enough but all of us owe you a debt of gratitude. On this Memorial day weekend I wanted to blog about how Wendy and I can help you and your family. We specialize in Short Sales and preventing foreclosure. Serving your country does not mean losing your home to foreclosure. 

As a member of the US military including our Coast Guard you qualify for a short sale from your lender. The DOD, also has a program called HAP. You may qualify for this as well. You will contact the HAP field office in your area. HAP provides assistance in four ways. For eligible applicants, the Government may: 

  1. Reimburse you for part of your loss from selling your home.
  2. Assist you, if you don’t have funds from the sale of your home to pay-off your mortgage.
  3. Purchase your home by paying off the mortgage.
  4. Help, if you default on your mortgage.

If we can not get you qualified through HAP we can still get the short sale approved by your lender. We will always try to get you approved through the HAP program first as these benefits are for you for serving your country. 

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 www.scottnwendy.com or paganorealtor@gmail.com or you can use my 24 hour recorded info hotline 1-866-647-8425 EXT 104. Also check out this site I created for a report on the top 10 scams for homeowners facing Foreclosure. www.stopthephonecallsorlando.com

Home Affordable Foreclosure Alternatives Program (HAFA) April 10, 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, short sale, short sale PMI, short sale realtor, Stop foreclosure.
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This is my take on the HAFA or Home affordable Foreclosure Alternatives Program. I have read the 45 page document and there have been some changes already since the December announcement. 

To qualify for HAFA the home must be your primary residence, not a second home or investment property. Also your first mortgage must be under $729,750 and you must be in default or be close to default. Also your monthly mortgage payment must exceed 31% of your income. Lastly the loan must have originated before January 2009. 

Now the big thing everyone is talking about is the banks have to approve the short sale in 10 days. Good luck with that. The banks have 10 days to accept or decline the offer that is reality. The banks will set a minimum offer they will take up front. I will guarantee this will be above Fair Market Value. Then they will go back and forth until they get the offer they want. This will take 30 to 60 days or more with all the counter offers. 

What do the banks get out of this. Well it is a voluntary program the banks do not have to do HAFA. The first lender can give up to 6% of the seconds loan balance or $6,000 total. The first lender will get $1,500 from the Government for doing HAFA and an additional 1$ for every 3$ they pay to the second lien. 

The homeowner gets $3,000 moving expenses and a full release from the first, second and PMI/MI companies. This means no deficiency judgement, no promissory note and no cash contribution. A full release of liability for the debt. Wow that sounds great, hunh? To the homeowner yes to the banks HELL NO. This means on a S200,000 mortgage lets say the short sale is $100,000. The bank is going to eat $100,000. Yea I’m sure the banks are going to line up for this. This is going to be the tough part of HAFA. 

Also don’t forget all lenders 1st, second and MI/PMI companies have to sign off on this. The bank can also require the homeowner to pay 31% of his or her income as a mortgage payment to the bank while the short sale is being negotiated. 

So I would like to know what you all think. Down here in Florida its Y’all think. Are the banks going to be able to handle this additional loss? Do you think they want to give up their right to a deficiency judgement? What about the PMI/MI company no more prom notes? It will be interesting to see how this plays out. 

One last thing if the banks won’t do HAFA don’t worry a short sale is still better for them than a foreclosure any day of the week. Just make sure 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 www.scottnwendy.com or paganorealtor@gmail.com or you can use my 24 hour recorded info hotline 1-866-647-8425 EXT 104

Regions Bank Mortgage Short Sale March 12, 2010

Posted by orlandoshortsalefl in Florida Foreclosure, Foreclosre, Foreclosure, Foreclosure in Orlando, orlando foreclosure, Orlando pre foreclosure, Orlando real estate, Orlando Short Sale, Orlando short sale Realtor, Orlando short sale taxes, Orlando short sales, Regions bank mortgage short sale, short sale, Stop foreclosure.
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I wanted to update everyone on my latest dealing with Regions Bank. They are awesome to work with. Regions and Wells Fargo should teach the rest of the industry how to do short sales effectively. 

First of all with Regions bank you must show you have a hardship. The hardship letter must be written and signed and we must send the bank the listing agreement, financials and authorization letter. This is the same for all lenders except for one thing. With Regions bank you get a real live person to speak to. The faxes are imaged within 24 hours. This blows away the rest of the banks by far. 

Next you will get a negotiator assigned in less than 30 days. This is my second time with Regions and the negotiator was assigned in less than 30 days. WOW! This is unheard of for a short sale. Regions has it down when it comes to getting the file closed. 

I also want to add the negotiator will actually answer their phone. This is also not a normal thing with these banks. If you have a Regions Mortgage consider yourself one of the lucky few. If you are in Florida we can list your house and get you started with this process. One last very important thing, do not wait until it is too late, because regions bank does foreclose if they have no other option. 

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 www.scottnwendy.com or paganorealtor@gmail.com or you can use my 24 hour recorded info hotline 1-866-647-8425 EXT 104