For many Fort Lauderdale Real Estate owners and owners of property throughout the state of Florida the foreclosure process has been a hot bed of a political issue. On the numerous sides of the issue was one core fact that, foreclosures in Florida can take over a year to process. In Broward County which includes the Fort Lauderdale area, the court system appeared to be overloaded with appeals and many foreclosures were talking closer to two years.

On one side of the argument was the consumer who felt the banks had hurt them by not processing their paperwork properly and protecting the consumer, another argument was very clear, “you pay to stay”. No matter what side of the argument you found yourself on it has been evident that not coming up with a…

Bank of America Offers Incentive 

Bank of America has recently announced that they are offering some of their mortgage customers incentives ranging from $5000 to $20,000 to participate in a Bank of America short sale. In Fort Lauderdale Real Estate today many homeowners have been bombarded with offers, offering an entire change of deals to help them remedy their foreclosure situation in the Fort Lauderdale area. Many of the offers, including the one made by Bank of America raise more questions than answers, and are short on some important facts. Every bank such as Bank of America has many mortgage investors (these investors own your mortgage which the bank may be servicing) and need to be dealt with in any foreclosure solution. When it comes to a short…

Fort Lauderdale Short Sale are not Easy !

Selecting the Right Short Sale Team

Short Sale Success in the Fort Lauderdale Real Estate market happens all the time when there is a strong foundation in place as you start the process. This foundation consists of two items that we address in this article. The first is that you accept and understand that the execution of a successful short sale is a team effort. Understanding that you, the seller, are an important part of that team is urgent for short sale success to be the end result. We will discuss the team effort more in a moment but for now, the clear understanding that just because you have decided to attempt a short sale and hired a Ft Lauderdale Realtor with proven Short Sale Success does not mean…

Short Sales in Fort Lauderdale - What buyers and sellers need to know - Patience is the Key !

We have all heard over and over again that "short sales don't work", "they never close", "banks don't approve them", and my personal favorite, "I'm going to lose the house anyway so why even try".

I can always seem to find a buyer of Fort Lauderale Real Estate willing to tell the story of the Ft. Lauderdale Short Sale he tried to buy that just did not happen. To all those people I can assure you of only two things, first, if you don't attempt a short sale it will never be approved. Secondly, short sales do take patience.

80% of the people losing their homes in the Fort Lauderdale Real Estate market never attempt a short sale. As of late banks have been moving…

On 12/29/2009 a two bedroom unit closed at Point of America for $325,000, as a short sale which was in work since April of 2009.

This unit which had a tax value of almost $500,000 was a excellent deal. As I always say the best thing about the conclusion of a short sale sale or a foreclosure is once their gone their gone, and the single biggest force effecting the value of property in the area just disappeared.

Point of America is one of the single best locations in the Fort Lauderdale area. For those of you who have gone on a cruise you have passed the gleaming white towers, as the name would suggest, when you pass the point entering in to Port Everglades.

The views are spectacular and a huge renovation over the years proves these building to be…