Maurice, Home Buyer in Pembroke Pines, FL

This is a short sale o a foreclosure?

Asked by Maurice, Pembroke Pines, FL Wed Mar 4, 2009

I am approved by the bank, with 20% down

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This question is about this property: http://www.trulia.com/property/1066839254-2455-NW-184th-Ter-…

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Answers

4
Hi Maurice,

What is your time frame for the purchase? The reason I am asking is that short sales may be a slow process that could take up to 4 months to be concluded. Short sales will only be approved if seller (s) can prove to the lender (s) there is a real hardship. This specific property looks good for an approval for a few reasons: 1. It is a homestead property, 2. Both loans are held by the same lender - Bank of America, 3. They are upside down for a relatively small amount.

I have also checked a few other option for yuou at the same subdivision - please click on link below to view properties:

http://sef.mlxchange.com/Pub/EmailView.asp?r=398766472&s…

Please let me know if you have any other questions or iof you would like to visit these properties.

Good luck to you,

Carla Rocha
Coldwell Banker Residential
954-895-7341
rochateam.realestate@gmail.com
0 votes Thank Flag Link Thu Mar 5, 2009
Maurice,

the Home in Keystone Lakes on 184th Ter. is a short sale listed property not approved yet, with 3 bedrooms and 2 baths and 1648 square feet under air (as per tax records). The lot size is 6,649 SQ.FT with a pool and a 2 car garage on a Cul-De Sac street.
A short sale can take anywhere from 4 weeks to over 3 months to get an answer of approval depending on the lender or lenders involved.

the 2008 Taxes are at $2,292.27 and the HOA is 100.00/month and is currently homesteaded.

I have attached a link with all the available homes in Keystone for your review including this one.

If you need any further assistance with this property or any other please contact me and i woulf be happy to help.

Jose Castillo
Coral Shores Realty
954-240-3940 or josesellsfl@yahoo.com
0 votes Thank Flag Link Wed Mar 4, 2009
Hello Maurice:

This property is in Keystone Lakes at the west end of Pines Boulevard and it is a short sale, which means that the seller owes more than the current market value and will therefore require the approval of their lender in order to sell their home. This can take several weeks and can be quite frustrating because the banks are swamped with short sales and they work on their own schedules. However, that's not to say that they're all the same and not to say that this one could not be prompt in their handling of the process. It's something that you should be aware of.

If you are interested, I'd be happy to send you information on other similar homes in this community or in Pembroke Pines, where I both live and work and we've been here for the past 11 years - I know it pretty well!!

Best of luck in your home buying - I do strongly recommend that you work with a licensed Realtor to guide you through the process, particularly in this difficult market of foreclosures and short sales. It costs you nothing and the benefits are great.

Best regards,

Angela
Tel: 954-816-7996
Villa G Realty, Inc.
Web Reference: http://www.villagrealty.com
0 votes Thank Flag Link Wed Mar 4, 2009
Hello Maurice - this is a Short Sale, has been on the market as a short sale for just over a month. The Real Estate taxes on this property is low $2292.27 because the current owner has owned the home since 1995. If you have time to wait on the process (a short sale can take anywhere from 4-10 weeks to get an answer from the bank) and would like to see the home, please call me or just send me an email. Good Luck!

Angela Jensen
REO/Foreclosure Specialist
Coldwell Banker
(954) 465-1388
jensenatj@aol.com
Web Reference: http://www.AngelaJensen.com
0 votes Thank Flag Link Wed Mar 4, 2009
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