Pensacola Short Sales

All About Pensacola Short Sales

In these difficult financial times and crazy inflated markets, more and more sellers are finding they need to sell their homes for less than they owe on their mortgages, known as a “short sale”. This can be a good deal for you as a buyer, as long as you’re aware of the extra time and work required to make it happen. Hopefully, this will help you understand more why this can be so time consuming and also, how much work we are doing behind the scenes, if you will.

Pensacola Short Sale – a sale of real property for an amount less than the unpaid balance of its first mortgage. The sale proceeds, after costs such as real estate commissions, escrow, and title, are passed along to the lender, who agrees to accept the proceeds as payment in full, despite the shortfall. Such a sale requires the consent of the lender and may create taxable gain for the seller to the extent of the debt forgiven by the lender. Pensacola Short Sales may also affect the credit of the seller.

The Mortgage Lender’s “Pensacola Short Sale” Factors
The seller’s mortgage lender will consider many factors in deciding whether to approve a short sale:

Whether the seller is deserving of a break, due to financial hardship caused by unforeseen circumstances such as layoffs, divorce or illness, or whether it would be cheaper to simply repossess the house.
The banks or lending institutions, Loss Mitigators, sometimes receive bonuses based on how many defaulted loans they can clear up. I document and prove my offer makes sense! This is where my experience and specific training come into play. There are many benefits and options, as a licensed real estate professional can offer over the other so called “loss mitigation specialists” and especially the unlicensed inexperienced investors

Call me if you feel a short sale would be in your best interest. 850-393-5134

Gulf Coast Foreclosures

What Is a Gulfcoast Foreclosure?

Foreclosure on the Florida Gulfcoast is the legal process by which a mortgage company can obtain legal ownership of a property. It relinquishes a homeowner from any and all right to the property and evicts the homeowner from the premises. How can you stop a Gulfcoast Foreclosure process?

A typical scenario:
Most lenders initiate foreclosure after 3 missed monthly payments. A “file” is turned over to attorneys for processing. Attorneys are usually not much help in stopping a foreclosure in process. The file may also be turned over to a lender’s loss mitigation department. Once a loss mitigation expert is assigned, they may attempt to contact the owner in an effort to resolve the delinquency through various repayment options.

There may be liveable and possible alternative repayment options that can be managed. These are determined by the type of loan, how long the loan has been held, the lender, financial position and many other factors.

When a home owner is unable to make the monthly mortgage payment on his or her house, resulting in a default against the mortgage, a lender will foreclosure on the home in order to sell it at a public auction to recover the money owed by the loan. If any money remains after the loan is paid off, the remainder is applied towards any junior liens and encumbrances in the order of their priority. Any further excess would be paid to the owner.

TYPE OF DOCUMENT: Mortgage
TYPES OF FORECLOSURE:
* Judicial Foreclosure only: From personal experience, we know that lawyers are very involved in the real estate process. A lender has to go through the court to foreclose on a property in Florida. The borrower is sued by the lender. The borrower has the right to defend themselves in court, while the lender will attempt to prove the borrowers are in default. Once the lender prevails, the court will order the property sold.
* Deficiency Judgments: The lender may pursue the borrower for up to four years to collect a deficiency judgment.
* Redemption: There is no right of redemption after the court confirms the sale.

FIND PROPERTIES UNDER DISTRESS

REO Bank Owned

VISIT www.PropertyFireSale.com for more info!

 

FIND  Gulfcoast Foreclosures at  www.ParadiseFoundPensacolaBeach.com

Get Foreclosure Listings Nationwide

PENSACOLA FORECLOSURE ~ $38,900

Pensacola Foreclosure

PENSACOLA FORECLOSURE

$38,900

2/2     816 sq ft

Investment opportunity! With little effort this adorable duplex would have great rental potential!

 

CALL/TEXT 850-393-5134 for more info

www.ParadiseFoundPensacolaBeach.com

MILTON FORECLOSURE ~ $84,900

Milton Foreclosure

MILTON FORECLOSURE

$84,900

3/2               1,475 sq ft   

     

 Nice older home in East Milton. Home has some updates-laminate wood and tile flooring. Situated on a nice size lot.

 

CALL/TEXT  850-393-5134

VISIT www.ParadiseFoundPensacolaBeach.com

PENSACOLA WATERFRONT FORECLOSURE ~ $55,000

Pensacola Waterfront Foreclosure

EAST PENSACOLA HEIGHTS
WATERFRONT FORECLOSURE

2/1      $55,000

Condo in East Pensacola Height area. Ground floor unit is poolside and convenient to schools, airport & shopping.

CALL/TEXT 850-393-5134 for more info.

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PENSACOLA SHORT SALE ~ EAST HILL CONDO $139,900

PENSACOLA EAST HILL SHORT SALE

1010 N Haynes St #1 Pensacola FL

$139,900             2/2/1             

CLICK HERE FOR VIRTUAL TOUR   

SHORT SALE – PRICE REDUCED $30K ~ Nestled in East Hill, DeSoto Square is the ONLY gated community in East Hill and is conveniently located in downtown Pensacola, just minutes from fine dining, nightlife, boating, entertainment events, community parks, and outdoor festivals! This quaint, gated, secure, two-story style town-homes feature a porch and second story balcony off the master bedroom. Lighting and faucets have been upgraded to reflect a gorgeous Mediterranean style. Granite countertops grace the custom cabinets in the kitchen and bathrooms. The kitchen overlooks the dining and family room that is wired for surround sound and is wired for a plasma screen TV above the ventless fireplace. The arched, oversized garage adds to your overall convenience along with a half bath downstairs. Ascending the stairs with the natural light flooding in from the stairwell window (only unit with that window/natural light because it’s an end unit), you can head left to the master suite or left to the 2nd bedroom. Each bedroom has its own bathroom with dual granite vanities in the master bath. The Community will consist of 22 units when completed and will included a picnic area and lighted sidewalks. THIS IS THE ONLY UNIT WITH ALL THE UPGRADES INCLUDING THE VENTLESS FIREPLACE AND THE ONLY UNIT WITH BAMBOO FLOORS.

TEXT/CALL 850-393-5134 for more info

VISIT www.PensacolaFoundPensacolaBeach.com for complete details!

PENSACOLA HOME WITH POOL ~ $149,700

PRICE REDUCED ~ Seller Motivated ~ Well maintained, immaculate, move-in ready! Recent renovations update this 70’s home. Beautiful kitchen with maple cabinets, ceramic tile countertops and back splash, uplighting, stainless steel appliances, tile floors and eat-in dining area. New bathroom sinks, countertops, fixtures, cabinets, lighting and medicine cabinets. Nice screened-in patio with two ceiling fans and plenty of space to relax. Guest quarters offer an unattached separate living/bedroom area in the back of the home. Large pool, 36×18, with on/off timer and new liner. A 12′x10′ outdoor work shed with cement floor and shingled roof. Lush landscaping around home with a “Dog Run” and privacy fencing. Roof and AC unit new in 2004, new double pane windows in front of home 2008. Must see home for the price, come take a look. Buyer to verify all measurements. Bring offers.

PENSACOLA HOME FOR SALE

PENSACOLA HOME WITH POOL

3/2 WITH GUEST HOUSE

$149,700

 

VIEW VIRTUAL TOUR HERE

 

 

TEXT/CALL 850-393-5134 for more info.

VISIT WEBSITE FOR LAVENTANA, CLICK HERE

PENSACOLA BEACH PORTOFINO ~ SHORT SALE

PENSACOLA BEACH PORTOFINO

PORTOFINO SHORT SALE PENSACOLA BEACH
$539,000       3/3/1

 

VIEW VIRTUAL TOUR HERE

Fabulous 6th floor unfurnished unit in Tower I at exclusive Portofino on Pensacola Beach. Live in the lap of luxury. Spacious 3-bedroom, 3 1/2 bath unit with spectacular wrap-around views to the south, east and north of the Gulf, the National Seashore and Santa Rosa Sound. Three-sided balcony is 474 sq ft with glass panel instead of aluminum pickets to open up views while seated on balcony or in the grand salon. The unit features 9 foot ceilings with crown molding thru-out, granite kitchen counters with upgraded cabinets and floor to ceiling windows and sliders. The complex includes a European Spa and Lifestyle Center – with huge fitness area, treatment rooms, indoor whirlpool, separate his and hers spa areas (with dry sauna, steam room, showers, lockers and lounge), gourmet restaurant, 2 huge outdoor lagoon pools and an indoor olympic size lap and exercise pool, plus 5 clay surface tennis courts. Gulf views.

TEXT/CALL 850-393-5134 for more info

Visit www.ParadiseFoundPensacolaBeach.com for additional details.