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

$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!

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.

Pensacola Short sale

Nice home in Codova Park. View of Bayou Texar from living room. Neutral paint. Newer stainless steel oven and dishwasher. Wood flooring throughout living areas. Tile in kitchen and baths. Large bedrooms and lots of closet space. Nice detached brick laundry/hobby room. Fenced yard, large lot.

VIEW VIRTUAL TOUR OF HOME HERE

CALL/TEXT 850-393-5134 for more info

Visit www.ParadiseFoundPensacolaBeach.com for additional details!

With interest rates at record lows and the stock market looking too perilous for small investors, many people are putting money in an asset they understand — real estate.

One of the best places to invest is in foreclosures and bargain residential real estate.  The current Pensacola market conditions make it a perfect time for a small investor to purchase one or more foreclosure properties for their private residence, rental or resale. During economic downturns, more upscale homes go into foreclosure, so the notion that foreclosure homes are only available in crime-ridden areas is inaccurate. Pensacola Beach waterfront homes and homes in affluent Pensacola areas are part of the mix of foreclosed properties available.

Pensacola (REO) bank-owned properties offer the safest deal for inexperienced foreclosure buyers,  a lender that’s eager to sell might be willing to offer attractive terms.  The lender might offer to finance the Pensacola Beach property at a below-market rate or with a lower-than-usual down payment.

REGISTER FOR OUR UPCOMING FORECLOSURE / SHORT SALE SEMINAR

CALL TOLL FREE 1-877-290-5392 EXT 444 FOR COMPLETE DETAILS!!

 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.

CALL/TEXT 850-393-5134 for more details.  Bank is looking for an offer!!

1010 N Haynes St #1 Pensacola FL

$169,900          2/2/1          Downtown Location

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. SHORT SALE – Bring offers!

CALL/TEXT Cindy 850-393-5134 for additional information

$799,000 ~ Short Sale ~ Make an Offer

Now is your chance to own a 01 Penthouse Unit! There are only 3 of these special units and now one is offered through short sale. This penthouse unit has $57,000 in upgrades. This is priced to sell fast and the bank is waiting for an offer. This spectacular 3 Bedroom, 3 1/2 Bath provides an amazing panoramic view of the Gulf of Mexico and the Intracoastal Waterway. This is a residence only floor but can lease out for long term. Portofino is one of the Premier resorts on the Gulf Coast. Experience the European Spa and Lifestyle Center and 5 Rubico Clay Tennis Courts. Every tower has their own heated pool and spa as well as 2 heated Lagoon Pools and spa overlooking the Intracoastal Waterways. The Olympic Indoor Pool is ideal for exercise or play. Portofino also offers boating, kayaking, parasail boat, fishing trips, and a water taxi for a sunset cruise, shopping and dining on the water. Purchased in 2005 $1,5M.

Contact Cindy 850-393-5134 (Your Short Sale Specialist)

Short sales are not necessarily complicated but do require some work on your and Doc Cindy’s part.

1.  What is the true value of your property.  Doc Cindy can provide a “market analysis” and give you a good idea of what your Pensacola Beach home or condo might sell for.  

2.  Calculate your estimated closing costs. Items such as a title report, escrow, appraisal, attorney fees, agent commissions, unpaid property taxes etc. may add up to a substantial amount of money.

3.  How much you owe on your Pensacola Beach property? Include all loans on the property in your calculation. 

4.  Calculate your equity.  If your closing cost estimate plus your loan amounts are higher than the value of your property then a short sale is a possibility.   

5.  Contact your lender and explain your situation. Usually lenders have a ‘loss mitigation department’ that you can contact. Allow Doc Cindy to work with the lender, grant them access to your file.  Lenders are under no obligation to accept a short sale but many times it is in their best interests to do so.  

6.  Consider your tax obligations! Do not underestimate this! Many times there can be a substantial tax obligation after a short sale has occurred. 

 7. Let Doc Cindy work for you to find a buyer and sell your Pensacola Beach property. The lender will still have to approve the buyer’s offer but once they do you can sell your property.

For more tips about short sales / foreclosures on Pensacola Beach:

CALL/TEXT Doc Cindy 850-393-5134 

(Pensacola Beach Foreclosure/Short Sale Specialist)

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Pensacola Beach Short Sale

$329,900     3 Bedrooms / 2 Baths      1,100 sq ft

Motivated Seller! Reduced over $100,000, needs to sell! Best buy on the beach for a single family home with excellent sound views. Completely remodeled & freshly painted. Bright open floor plan with high vaulted ceilings, track lighting, tile flooring, seperate dining area, updated appliances including Whirlpool flat surface stove, built-in microwave, Frigidaire dishwasher & refrigerator, new cabinets & countertops, pantry, & indoor laundry with extra pantry space. Both bathrooms are like new with cultured marble coutertops, new cabinets, bathtubs, toilets, and tile floors. The master bedroom has an incredible view of the sound & balcony access. 2 car garage, hardi-plank siding, new roof, & partial fenced yard, and covered patio.

CALL/TEXT Cindy 850-393-5134  (Pensacola Beach Foreclosures/Short Sales)