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Foreclosure in Sarasota : Real Estate Advice

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  • Local Info85
  • Home Buying431
  • Home Selling30
  • Market Conditions70

Activity 34
Wed Oct 31, 2012
Raffie Hamilton answered:
There is currently a few on the market. I would be happy to give you info. Call or email me
Raffie Hamilton, Broker
0 votes 4 answers Share Flag
Wed Sep 19, 2012
Tammy Hayes answered:
Go to the Sarasota County Clerk of the Circuit Court -

Tammy Hayes, Realtor
Green Lion Realty
0 votes 2 answers Share Flag
Mon Aug 27, 2012
Brian McGreevy answered:

Have no idea how it works in Arizona because real estate laws are different from state to state. However, in Florida you must have a real estate license or be an attorney to receive money from the sale of real estate for someone other than yourself.

2007, 2008, 2009, 2010 & 2011 Five Star Award Winner- Best in Client Satisfaction
Sarasota Home Realty
2100 Constitution Boulevard
Sarasota, FL 34231

Phone: (941) 544-6763 FAX: (941) 866-7588
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Wed Aug 8, 2012
Daniel Barto answered:
That is a good example of a time when a realtor with experience in the market over the past 5 years pays off. Knowing the market is very important. My suggestion get yourself a good broker or agent that typically works with investors/buyers and closes bank owned deals often, just
Besides the shameless plug- when it comes to REOs your first offer is your only offer. Highest and best on the first offer. Your agent should provide you with comps quickly so you know exactly how much fair value is, then you go for it. You need to work fast, very fast. My rule is trying to get bids/offers in within the first 3 days. The offer should be submitted in the format that the listing agent and seller prefer with all paperwork lined up and ready to go, so that when your offer is accepted, you can sign the bank addendums quickly, get escrow in and on towards closing. It's tough, you may not get the first one, but with the help of a professional, you will get a good deal and yes cash matters. So does closing date, inspection waivers, size of escrow, etc... Place yourself as the seller. They want it gone but would rather see a solid cash deal through to close than risk not closing a high offer mortgaged deal.
Hope that helps! Take a look at my website on the investor page- that may help answer some questions too.
Best of luck and if you would like some additional info send me a direct email by clicking on my profile or through my site. Danny Barto
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0 votes 11 answers Share Flag
Tue May 22, 2012
Tammy Hayes answered:
Here is the Sarasota County Web Site where you go for county foreclosure sales. There could be other public auctions that are advertised by agencies as well.

Tammy Hayes, Realtor
Green Lion Realty,
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Fri Jul 13, 2012
Helena Nordstrom answered:

yes there are 7 bankowned properties in the Gulf gate area. 1 Conod, 1 townhouse and 5 single family homes.
I can email you a list if you would send me your email. Please contact me on

Per Nordstrom
Premier Sothyby's Intl Realty
cell 941 228 1080
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Sat Feb 18, 2012
Ann Ryan answered:
Al, the bank and the HOA will need to negotiate this issue, and the home buyer definitely should not be liable.

Do you have an agent?

If not, would you like me to check the current tax and other public records for the property? I just need the address. ... more
0 votes 6 answers Share Flag
Mon Jan 30, 2012
Teresa M. Fellows answered:
Hi Magdalenagra,

You may ask any realtor here about any specific property. Find one you feel comfortable with and contact them. I would urge you to contact an agent who is very near to the location of the property in question as they would be more knowledgeable about the area.

My best,

Teresa M. Fellows
ERA Waterside Realty
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Tue Dec 13, 2011
Karen Levy answered:
Hi Joannes!

Be sure to have your proof of funds or pre-qual letter ready to go.

Have Fun!
0 votes 12 answers Share Flag
Thu Sep 22, 2011
Scott Godzyk answered:
If the house was foreclosed, they do not own the house any longer to be able to quit claim the deed to anyone, the bank would now own the house.

If you have mor einfo just come back on leave it under the answer button ... more
0 votes 17 answers Share Flag
Mon Aug 29, 2011
Jim and Donna Soda answered:
Ususally the HOA will file before the Bank does. I suggest you engage a Foreclosure defense atty. Some HOAs are negotialbe, some have no sense of humor at all. You may want to discuss a Short Sale with an experienced Realtor and real estate atty. Doesn't sound like your bank has filed against you yet?
Jim Soda -
Keller Williams Realty International
Sarasota - Lakewood Ranch
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Mon Apr 30, 2012
Danielle Sharp answered:
Mon Feb 21, 2011
Jill Berg answered:
Sorry Tammy, but that property is currently under contract. Let me know if there is anything else I can help you with!
0 votes 3 answers Share Flag
Fri Feb 4, 2011
Dp2 answered:
It sounds like you might be going about it the wrong way. It's not that difficult to find the cash investors who are buying at auctions. You could meet them in person if you attend the auctions, and you could find them via the public records. Are you attending foreclosure or secondary auctions? If the prior, then you probably won't be able to wholesale them. ... more
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Thu Jan 20, 2011
Faye Doyle answered:
Good Evening,

As Realtors we are not licensed to provide legal advice. If you would like the name of an attorney who could review your documents I would be happy to provide you with a referral.

Faye Doyle, LLC
GRI: Graduate Real Estate Institute
CDPE: Certified Distressed Property Expert
ABR: Accredited Buyer's Representative
WCR: Woman's Council of Realtors
TRC: Transnational Referral Certification
e-PRO®: Certification Internet Professionalism
RE/MAX Alliance Group
2000 Webber Street
Sarasota, FL 34239
Cell: 941-504-7496
Fax: 941-954-5455
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Mon Dec 27, 2010
Wendy Lynn answered:
Hi Sam,

I would love to help you find your deal! If you would like to email me your criteria of what you want in a home I can start searching for you. Beds, baths, square feet, pool or no pool and price range you want to stay in. Please email me at and I will get looking. Have a great holiday!

Wendy Lynn
Keller Williams Realty
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Fri Dec 24, 2010
Brian McGreevy answered:
Oh, that is not good. Hopefully you were not involved in the rental. It is the agent's responsibility to make sure he is not taking a foreclosed property as a rental listing. Or placing a tenant onto a lease where the bank is the true owner of the property. Either of these situations could have legal complications.

2007, 2008, 2009 & 2010 Best in Client Satisfaction
Five Star Award Winner
Sarasota Home Realty
2100 Constitution Boulevard
Sarasota, FL 34231

Phone: (941) 544-6763 FAX: (941) 866-7588
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0 votes 5 answers Share Flag
Thu Dec 23, 2010
Joshua Unger answered:
You should consult an attorney. But taht being said You probably signed an authorization that would allow the bank to foreclose if the payments were not made. I would suggest Evan Berlin at 941-954-9991 ... more
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Mon Dec 27, 2010
Alma Kee answered:
Call AAA, they can give you a valid quote. It all depends on risk, i.e. age of house, type of roof (gable or hip), crime rate for that area, hurricane probability, flood zone elevation, your personal credit history, your personal history of making insurance claims, the list goes on and on...

Like anything you purchase, it's prudent to shop around for the best deal. Get at least 3 quotes.
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Sat Aug 14, 2010
Donna and Tom Murphy answered:
These guys are subborn and probably won't budge. I always advise my buyers when we're in a short sale situation with multiple lenders that they may have to come up with some additional cash to the 2nd lien holder to make the deal work. As a matter of policy, I NEVER compromise my commission, period. If it is still a good deal with the buyer paying the 10% minimum then the buyer would be foolish not to pay it.

The key is to prepare your buyer BEFORE the offer is made in these situations as to what might be required of them. If they are not willing to consider paying additional cash outside of closing to the 2nd lien holder, then you should advise them to look for another property.
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