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Foreclosure in Boynton Beach : Real Estate Advice

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  • Local Info49
  • Home Buying191
  • Home Selling19
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Activity 25
Mon Jul 13, 2015
Sergio Lucena Charles Wiener answered:
BPO-The estimated value of a property as determined by a real estate broker or other qualified individual or firm. A broker price opinion is based on the characteristics of the property being considered.
Appraisal- A valuation of property real estate, by an Appraiser. In order to be a valid appraisal, the authorized person will have a designation from a regulatory body governing the jurisdiction the appraiser operates within.
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0 votes 6 answers Share Flag
Mon Jul 13, 2015
Sergio Lucena Charles Wiener answered:
If you are buying using a agent they will guide you though out the process. It is very important to have a title company give you a clear title.
0 votes 7 answers Share Flag
Fri Jan 3, 2014
a.q.hijazi asked:
Thu Sep 26, 2013
Steve Shalaby answered:
Hi Ivey, I just left you a voice mail. When you have a moment, please give me a call back so we can discuss your upcoming purchase. I see that you were already contacted by another Realtor, which is terrific. However, I would like to offer your my services as your personal mortgage professional.

My company Streamline Financial Group, is one of the leading independent mortgage companies in Palm Beach County. I have 19 years experience helping buyers find the most competitive rates and programs available in the market. Most importantly, we consistently beat all the retail lenders (Bank of America, Wachovia, Chase, NationStar, you name it, I'll guarantee a lower rate!)

So just give me a call and within 24 hours, I'll have your pre-approval letter in hand so you can go ahead and make an offer as soon as you find a home you love.

Until then, I'll be looking forward to hearing from you!

Steve Shalaby
President, Streamline Financial Group
Realtor, Prudential Florida Realty
(561)364-LOAN (5626)
steve@streamlinefg.com
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0 votes 2 answers Share Flag
Wed Jul 10, 2013
answered:
If you are in foreclosure or behind they are just making sure the property has not been abandoned. Your under no obligation to let them in the home anyway. If you would like some free advice I would be happy to speak with you. I worked for a large bank for four years in the loss mitigation dept. 239-471-9829 ... more
0 votes 5 answers Share Flag
Wed Jul 10, 2013
donnaattuscany asked:
Wed Jul 10, 2013
Maria C Esquibel answered:
In a short sale whoever wants the appraisal , pay for it, If you are the buyer and want the appraisal, you pay for it.
0 votes 4 answers Share Flag
Mon Jul 8, 2013
Eli Givoni-Short Sale Dept LLC answered:
It is possible. Our ultimate goal, of course, is to get homeowners off the hook for the deficiency. We have been successful in that, as well as, getting homeowners up to $23,000 in relocation assistance. Feel free to give us a call, and we can explain the process. Our short sale services are FREE for homeowner.

Eli Givoni, Director
Short Sale Department, LLC
561-361-1909
info@shortsaledept.com
www.shortsaledepartment.com

MARS Disclosure for General Commercial Communications
IMPORTANT NOTICE:
Short Sale Department, LLC is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
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0 votes 6 answers Share Flag
Mon Jul 8, 2013
Eli Givoni-Short Sale Dept LLC answered:
I don't understand the question. You said it is Ocwen. ???

You can check your most recent statement.

Eli Givoni, Director
Short Sale Department, LLC
561-361-1909
info@shortsaledept.com
www.shortsaledepartment.com

MARS Disclosure for General Commercial Communications
IMPORTANT NOTICE:
Short Sale Department, LLC is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
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0 votes 3 answers Share Flag
Wed Jul 3, 2013
marc jablon, new harbor realty answered:
What is up with the banks is an excellent question. You will often find that your file is being handled by several people in different departments. Many of them have no idea of what real value of homes is in a particular area.

Also, most properties are serviced by the bank, but the original mortgage may have been sold to an investor. It is that investor who actually decides what he or she would like to get for a property.

If you are getting no offers on your property at the price the bank has decreed, you might try asking the bank to modify the principle of your loan balance. That would mean reducing the value of the property in order to make payments possible for you.

That way the bank would make less than the original amount. However, if you're currently paying them nothing at all, reducing your payments to a manageable sum would give them some income instead of none at all.

If the bank will not agree to a reasonable price for short sale and you have are not paying your mortgage, the bank will eventually foreclose on the property. However, the price the bank pays to effect that foreclosure action may cost them more than the difference between what you think the house is worth and what they would like to sell it for. Discuss this with them. Ask to speak to the same person each time you call.

If the bank forecloses on you, your credit may suffer for between 7 and 10 years. If you just walk away, the bank will ultimately foreclose.

You might also talk to a real estate attorney and ask for advice on this issue. Try to find an attorney who has worked with several short sales and foreclosures.

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com
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0 votes 2 answers Share Flag
Sun May 19, 2013
Diane Balsara answered:
You need to put these questions to a tax attorney, they would be able to answer as to what could be touched and what could not. If you refinanced you may be in a tax liability if it is not your first mortgage on a primary residence. Because you are married you still may be asked other income in the household to do a short sale so your wife's income most likely will also need to be disclosed to the bank. It does not matter that you file separately. Your status is married and they will want answers. You do not say if her name is on the mortgage, it does not matter who is on the deed. You could quit claim it to someone but your name is still on that mortgage and now they will foreclose on both you and the new owners. Your situation is complicated, you need the advise of a foreclosure attorney or a tax attorney. You have another post on this site asking other questions, you may find yourself in more of a pickle by trying to get your answers off the internet. Go speak with an attorney. We have good ones here in Palm Beach County. Stay away from the monthly fee, out of area, don't-worry-about-a-thing people. I've yet to run into any one who was helped by these companies. ... more
0 votes 3 answers Share Flag
Sun May 19, 2013
Diane Balsara answered:
No. No, no, no and no. Only in people's minds are they "free" by walking away. Let's face it, the first thing most people want to do is hide, move out and get away from the problem. That is definitely the wrong choice and will cause long term problems by letting the foreclosure take a free fall.

The place you need to start is talking to your bank and finding out what your options are. Sometimes these foreclosures can go on for as long as four years before they are resolved, during that time you still own the property and can be liable for anything that happens with it. Some Cities will levy against your water meter whether it is on or not and code liens can stay against your name.

Your first two options are a short sale or a loan modification. Neither cost you anything, the loan modification is just like applying for a loan should you want to keep the property, showing you can make payments if the lender adjusts the debt. A short sale requires an agent to list your property but they are paid by the bank if they find a buyer and the property sells. If neither work you may be offered a deed in lieu. You would sign over your property to the bank, relieving you of the debt and then you could walk away.

If you have a condo or HOA that is another story. A condo/HOA association and your bank could both end up with a judgment against you. Once there is a judgment the bank or association has the right to come after your wages or your assets. Many associations are not sitting around waiting for the banks to foreclose any more, they are foreclosing prior to the banks, then the banks foreclose again. You could end up with two judgments against you instead of one. If you are behind most condos will work out a stipulation agreement where you pay them back while you work on a short sale or loan modification. They will have to be close to caught up to do either one, your lender will pay some fees but usually not more than one year and some attorney fees.

If you refinanced your property you could be in a very big tax situation if it is not the original mortgage. You should speak to your accountant and let them review your personal situation. They may recommend you speak to a tax attorney. Usually when a taxpayer walks away from debt the IRS considers it earned income and it becomes taxable, but there are special situations for homeowners. You need to talk to your accountant and find out how this will affect you. You may also need to speak to an attorney. There are some excellent LOCAL attorneys. You can stay right in our County and find a good attorney. I cannot stress enough to stay away from foreclosure companies that promise you they will "fix" your foreclosure. They place ads on TV and the radio and promise the moon, are out of the state/county and generally do nothing but take your money every month. They don't even have attorney's to appear here at your hearings. You have local professionals to help you out of your situation: an attorney, an accountant and a real estate agent. Get professional advise. Unfortunately, when you walk out the door those problems will stay right behind you down the road unless you plan for and control the outcome.
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0 votes 7 answers Share Flag
Thu May 16, 2013
value.advocate1 answered:
If you need access to an qualified real estate attorney, go to my website:

http://valueadvocate.llegal-armor.com
The attorneys are there to help you. If you do nothing, you will lose and the banksters will win. That's not what you want, is it? ... more
0 votes 9 answers Share Flag
Sun May 5, 2013
marc jablon, new harbor realty answered:
If you're looking for an villa in Delray Beach, Casa Del Rey may be the place you'll want to live. However, at the moment, there is nothing available in the community.

Units have been selling in the $149-$189,000 range, depending upon amenities and condition of the villa. In this tight market, you may see prices begin to move even higher as new units come onto the market

In order to be aware of new villas or condos in Delray Beach as they come onto the market, you may want to send you name, number and especially e-mail information to your Delray Beach real estate agent.

That way, you'll receive constant updates from your agent as new properties come on the market.

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com

To see homes for sale in Delray Beach, go to:
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0 votes 2 answers Share Flag
Sun Mar 11, 2012
Susan Doyle answered:
You are going about this the hard way. Find yourself a good REO agent, there are plenty out there (I am not one but know many) and then you work with them and they will work for you. You need representation for yourself. Also, if you work with one agent they will build a file on you and find things you may not or before they hit the market. They get to know your wants and needs and you are not constantly repeating yourself. Seems like you need a break from driving around and getting no where @ $4 a gallon of gas...good luck to you in finding a new home. ... more
0 votes 13 answers Share Flag
Sun Oct 30, 2011
marc jablon, new harbor realty answered:
Tina:
Transfer value refers to the amount of money for which a property is sold to a new buyer. There is tax imposed on this value called a real estate transfer tax (aka deed recordation tax). This is a tax levied on the sale or transfer of real estate from one owner to another. This tax is imposed on the seller of the property.

The tax is based on the price paid for the property by the new buyer. The local government (the county) collects this tax and it must be paid before the new deed to the property is recorded. This transfer tax is usually paid at closing and disbursed to the county by the title company. The acknowledgement of the payment is shown by stamps placed on the deed.

In Palm Beach county, and every other county in Florida (except Miami-Dade) this tax is 70 cents per hundred dollars of value. (An easy way to remember this formula is to think of it as the James Bond tax --you multiply the sale price by .007) In Miami-Dade County only, the transfer tax is 60 cents per hundred dollars of value.

Marc Jablon, The Jablon Team
Realty Associates
jablonteam@gmail.com
561-213-6139
http://www.JablonTeam.com
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1 vote 3 answers Share Flag
Tue Aug 2, 2011
Ed Beck answered:
You may also check the county Sheriff's website. Some counties list the sheriff sales for the last few years and you can search by address. You will be able to see if has gone to sale, or if a sale is scheduled in the near future. ... more
0 votes 5 answers Share Flag
Tue Aug 10, 2010
Nicole Marks Mason answered:
Hi, Stacey. I'm not sure if this property is in foreclosure. It's not for sale on the MLS. Are you interested in purchasing this home? Please call me at 561-445-8743 if you would like to discuss this further.

Sincerely,
Nicole Marks Mason, Realtor
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0 votes 3 answers Share Flag
Thu May 6, 2010
, answered:
Sat Mar 20, 2010
Marsha Mayer answered:
Susan,
I read all the detailed answers peoples gave you here. Many of them are very well thought out. In my opinion short sales CAN Be a good deal if:

The subject property (the property you wish to buy) is priced at a level that is appealing to the buyer but not priced so unrealistically low that the seller's lender would never approve it ... The seller's lender would not approve it if there are few or no 'sold' comparable properties, thus after the 'long wait' the seller's lender will not approve the sale.

Of course your Realtor should search for 'deal' properties which are not short sales first, so you can buy it in a pre-determined amount of time...UNLESS you are not totally READY with the down payment money and wouls RATHER wait for a deal to get approved and then have 30 days from the Lender's approval to purchase the property.

Marsha Montoya Mayer- Realtor
Paradise Properties of Florida, Inc.
Email: marsha@mypalmbeachrealty.com website: www.mypalmbeachrealty.com
Direct cell: 561-329-0428
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