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*Florida*
Not Just a State, But a State of Mind
Let Jim Braden welcome you home to Florida.
Thank You for visiting my Web Site. Let me be your source for Lee & Collier County Real Estate. In today's competitive real estate market, timing is everything. I represent many desirable Southwest Florida areas, including beach properties, such as Bonita Beach, Fort Myers Beach, Vanderbuilt Beach and Lover's Key. I also have listings in golfing communities, such as, Stoneybrook in Estero, Grandezza, Miromar Lakes, Estero Country Club, The Brooks in Bonita Springs, Gateway, plus gated communities in Estero like Rookery Pointe, BellaTerra, Villagio, Fontain Lakes, Coconut Point, Island Club and so many more. I can find you Single Family homes or Condominiums in Fort Myers, Naples, North Naples and Naples Park Golden Gate, Cape Coral and surrounding areas. Estero is one of the most rapidly growing Southwest Florida cities, It is known as THE NEW HUB OF SOUTHWEST FLORIDA. Estero houses the Miromar Outlet Mall, The All New Coconut Point Mall, Gulf Coast Town Center and The New International Design Center of Estero. Germain Arena features Professional Hockey and hosts a wide array of concerts and family venues. Estero is also the home of Florida Gulf Coast University and minutes from the RSW airport. It also offers for some of the finest golf courses in Florida and is close to the beaches
*JIM BRADEN THE SHORT SALE SPECIALEST OF SOUTHWEST FLORIDA
WHAT A SHORT SALE MEANS TO BUYERS & SELLERS
BENEFITS:
A Short Sale does not mean “short in time” it means that the owner of the property owes the lending institution more money than the current market value of the property and they cannot afford to make payments due to a change in their financial environment. Buying a house that is being sold short can be a tremendous value for the purchaser. Often times lending institutions will consider accepting an offer that is 70 to 80 percent of the current market value. This type of sale can be beneficial for all three parties concerned, but it is especially beneficial to the buyer because they can end up with an exceptionally good value for their buying dollar.
PITFALLS:
Besides being time consuming, the buyer must be aware that the offer they make is not set in stone. The bank may come back with a reply that they accept, reject, or counter this offer. At times the lending institution will require additional closing costs to be assumed by the buyer. At that time the buyer can either accept the changes or reject the terms and receive 100% of their deposit back, OR the lender may not grant Short Sale forgiveness of the borrowers debt and the deal is off and will typically force the seller into foreclosure.
CONCLUSION:
Through the diligent efforts and negotiating skills of my team of specialest getting the Seller, Lending Institution, and the Buyer to work together through this tedious process we will have accomplished three major goals:
#1 The seller’s credit rating, while being tarnished for missing payments, is not ruined for 4-10 years from foreclosure & possible bankruptcy.
#2 The lending institutions have avoided having a foreclosure show up on their FDIC Charter rating.
#3 The Buyer has maximized their value in a new property.
Each lending institution treats these situations differently, and there are no set rules or guidelines that they follow. Your Realtor will negotiate with each one accordingly.
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