Luxury & Beach Realty
2525 Pasadena Avenue, Suite O
South Pasadena, FL 33707
Jan's many years experience in sales, management, marketing and advertising prepared her to be a real estate broker associate and short sale specialist. She has in-depth knowledge of the island market allowing her to successfully list and sell beach properties. Jan has owned several businesses and managed a number of others. Combining Jan's background of sales and her attention to customer service, she truly wants to help all of her customers "live the Florida dream."
Call Jan at 1.727.418.1861
Your Florida Gulf Coast Beach Realtor
HOW'S THE MARKET?
That's the burning question everyone is asking. And the answer depends on whether you are buying, selling, investing or leasing. If you are looking for a Florida beach property - you've come to the right place. Let me show you the advantages of buying OR selling now.
WHAT'S A "SHORT SALE" & HOW CAN IT BENEFIT ME?
More money in your pocket!
No doubt about it, we all want to save money. Whether you are looking for a bargain on a pre-foreclosure house or ...if you are a homeowner facing foreclosure - this site is for you.
Since available properties, interest rates, and situations are constantly
changing....bookmark this site now. You will want to check it often.
WHAT ARE BANK OWNED PROPERTIES?
With a bank owned property, there's no waiting. Unlike a short sale, the bank has already repossessed the home and is ready to sell! As a buyer, you can close within 30 days!
I specialize in these areas:
Countryside / Safety Harbor
Indian Rocks Beach
Northeast St. Petersburg
St. Pete Beach
ATTENTION BUYERS AND INVESTORS!
With a bank owned property, there's no waiting. Unlike a short sale, the bank has already repossessed the home and is ready to sell! You can close within 30 days!
Bank foreclosures are also known as REO’s, which is an abbreviation for Real Estate Owned by lender. Bank owned foreclosures are properties that have been returned to the lender due to non-payment of a mortgage. Currently all lending institutions have numerous bank foreclosures for sale that they want to sell well below market price. They need to sell these properties and the cost of holding and maintaining these properties is high.
In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.
In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Many Short Sales leave a deficiency balance for which the Mortgagor / Borrower is still liable. In many cases it is not a settlement-in-full. A deficiency balance will remain as a potential liability for the Mortgagor / Borrower. The bank's opportunity of pursuit of a deficiency judgment will vary from state to state.
Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market and the borrower's financial situation. An important thing to know about a short sale is that it has to be handled by a real professional who knows how to work these deals. Many REALTORS® don't handle short sales.
A short sale typically is executed to prevent a home foreclosure, but the decision to proceed with a short sale is predicated on the most economic way for the bank to recover the amount owed on the property. Often a bank will allow a short sale if it believes that it will result in a smaller financial loss than foreclosing as there are carrying costs that are associated with a foreclosure. A bank will typically determine the amount of equity (or lack of), by determining the probable selling price from a Broker Price Opinion (BPO) or through a valuation of an appraisal. For the homeowner, advantages include avoidance of a foreclosure on their credit history and partial control of the monetary deficiency. A short sale is typically faster and less expensive than a foreclosure. In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount. It does not extinguish the remaining balance unless settlement is clearly indicated on the acceptance of offer.
Short sales are common in standard business transactions in recognition that creditors are not doing debtors a favor but, rather, engaging in a business transaction when extending credit. When it makes no business sense or is economically not feasible to retain an asset, businesses default on their loans (called bonds). It is not uncommon for business bonds to trade on the after-market for a small fraction of their face value in realization of the likelihood of these future defaults.
I CAN HELP YOU SELL OR FIND A BARGAIN !
Florida bargain beach & gulf coast short sale properties and bank owned foreclosed properties. Florida gulf coast real estate investment property.
Examples of Waterfront Properties
No High Pressure Sales
... Just Educated Talk
Island Properties from $ 200,000