EWM Realtors » Foreclosures

Stop Foreclosure

pattireid — Thu, 04 Mar 2010 07:06:12 +0000

A recent study by Amherst Securities stated that homes where the homeowner is at least 90 days in arrears on his mortgage payment has less than a 1% chance of catching up. 99% of these homes end up in foreclosure or a short sale. The state of Florida ranks #1 in the country in foreclosures and delinquency according to the Mortgage Bankers Association 2009 4th Quarter report.

The Obama Administration is urging participating servicers to follow through on short sales as an alternative to foreclosure for those homeowners that don’t qualify for a reworked mortgage under the the Home Affordable Modification Program (HAMP). Banks are now reaching out to their customers to help them save their home from foreclosure.

Steve Harney, one of the foremost experts in real estate in our country, gave his advice during a recent interview stating that banks have taken a softer approach in allowing homeowners to short sell their home with dignity, rather than walk away with a foreclosure on their recordthrough The Home Affordable Foreclosure Alternatives Program (HAFA).

The EWM Guys – Esslinger Wooten Maxwell – South Florida’s Luxury Real Estate Team

James San Martin — Wed, 03 Mar 2010 18:12:04 +0000

WWW.REALESTATEONTAP.COM

The Team Approach

The Jason Kapit Team at Berkshire Hathaway’s EWM Realtors, with 10 offices located in South Florida. We concentrate our efforts on high-end residential properties and luxury communities. Jason, James and David have been able to establish an extraordinary resume marketing luxury real estate. Our clientele recognizes us as the “EWM Guys” whose combined experience and knowledge of South Florida’s real estate trends paired with the #1 real estate firm makes us the most dynamic real estate team in South Florida.

Jason Kapit

James San Martin

David Betancourt

Luxury Condo Living – Fort Lauderdale, FL – Las Olas Riverhouse

James San Martin — Fri, 26 Feb 2010 17:24:36 +0000

The Las Olas Riverhouse

(954) 347-3799

The Jason Kapit Team is an experienced Real Estate team aimed at finding you the best deals in South Florida. With 10+ offices we can service any client in the Tri-County area. The Las Olas Riverhouse is perfectly located in the heart of Fort Lauderdale. The 42-Story luxury condo building gives residents the ability to walk and enjoy the Las Olas lifestyle. Enjoy upscale nightlife, boutiques, restaurants, clubs and shops. If your considering making the move, consider us!

James San Martin

Living in South Miami, High Pines/Ponce Davis and South Coral Gables-Single Family Residences in High Pines/Ponce Davis

TK Heatley — Fri, 26 Feb 2010 04:24:22 +0000

Contiguous to the South Gables is the High Pines/Ponce Davis area which shares many of the attributes of the South Gables except it is not legally within the City of Coral Gables. There are presently 46 homes for sale in the area. Of this six 4 are short sales and 2 are “REOs”. Two of the short sales, 4734 SW 72 St and 4724 SW 72 St., were built by the same builder. 4734 SW 72 St. is priced at at $1,240,000 while 4724 SW 72 St. is priced at $1,190,000. Both properties front on SW 72 St. which is known locally as Sunset Drive, a major road running between the Coco Plum Circle and West Dade. The other 2 short sales are 5690 SW 80 St. which is listed for $955,000 and 5130 SW 74 Terr. which is listed for $675,00.I understand that there is a contract on this property. The 2 “REOs” are 4955 SW 83 St. which is listed at $2,395,000and 7945 SW 54 Ct. which is listed at $550,000.

Affordable Foreclosure Alternatives Program (HAFA)/ The New Short Sale Program takes effect in South Florida April 5, 2010

Susan J Penn, PA — Thu, 25 Feb 2010 15:45:46 +0000

November 30, 2009, the US Treasury gave out 43 pages explaining Home Affordable Foreclosure Alternatives Program (HAFA). In this document it states short sales will continue with this program until December 31, 2012.

Affordable Foreclosure Alternatives Program (HAFA).

Uses a hardship letterProhibits lenders from reducing real estate commission written in the listing agreement (up to 6%).

Requires borrowers to be fully released from future liability for the first mortgage debt.

Borrowers having a second mortgage or third mortgage (subordinate lien holders) receive an incentive under Affordable Foreclosure Alternatives Program (HAFA), that debt as well (no cash contribution, promissory note, or deficiency judgment is allowed).

Affordable Foreclosure Alternatives Program (HAFA)

Uses a standard process with uniform documents.

Uses timeframes and deadlines.

Provides financial incentives:

Borrowers receive $1,500 for relocation assistance

Servicers receive $1,000 to cover administrative and processing costs

Servicers receive up to a $1,000 match for investors for allowing a total of up to $3,000 in short sale proceeds to be distributed to Servicers with subordinate lien holders.

Affordable Foreclosure Alternatives Program (HAFA)

Servicers may implement HAFA before April 5, 2010 if they meet certain requirements.

A servicer must notify their borrowers when the borrower is delinquent on a HAMP modification (misses at least 2 consecutive payments)

Borrowers have 14 calendar days response time, either orally or in writing. If the borrower does not respond, that ends the servicer’s duty to give a HAFA offer.

The borrower has 14 calendar days from the date of the Short Sale Agreement (SSA) to sign and return it to the servicer.

The Short Sale Agreement must give the borrower an initial period of 120 days to sell the house (extensions permitted up to a total of 12 months). Purchase Offer

Within 3 business days the services requires:

1) A copy of the sale contract and all addenda

2) The buyers documentation of funds or buyers pre-approval/commitment letter from a lender

3) All information on the status of subordinate liens and/or negotiations with subordinate lien holders.

4) On

Within 10 business days

The servicer may require the closing to take place within a reasonable period after it approves the approved short sale

We Service: Hollywood, FL Short Sales, Cooper City, Fl Short Sales, Coconut Creek, Fl Short Sales, Miramar, FL short Sales, Weston,FL Short Sales, Fort Lauderdale Short Sales, Davie, FL Short Sales, Pembroke Pines, FL Short Sales, Plantation, FL Short Sales, Coral Springs, FL Short Sales

Contact Dave Magua,PA at dmagua@bellsouth or Susan Penn, PA, at penn.s@ewm.com EWM Experienced Short Sale Realtors who get Short Sales Approved. receiving an executed purchase offer, the borrower (or agent) must submit a completed Request for Approval of Short Sale (RASS) to the servicer, including after the servicer receives the short sale approval request and all required attachments, the servicer must approve or deny the request and advise the borrower.

Uses borrower financial information

Looking for help with South Florida Short Sales? “Foreclosure Alternative”

Susan J Penn, PA — Tue, 23 Feb 2010 15:10:57 +0000

It is not an easy situation for a homeowner who purchased a property that knows their real estate value has dropped considerably. Not every homeowner can continue making mortgage loan payments. There may have been a death, divorce, loss of employment, sickness, pay cut, or another hardship explaining a homeowner unable to continue paying for their home.

We are now more informed homeowners learning if we have loans owned by the government run mortgage company Fannie Mae. You can now go online to www.fanniemae.com/loan and look up your loan.

Are you considering a Short Sale?
Are you ready to provide your proof of income with financials and income tax returns?
Are you writing up your hardship letter?

Call Experienced South Florida Short Sale Professional Realtors who have Approved Short Sales!

Dave Magua, PA EWM Realtor 754-581-5077

Susan Penn, PA, EWM Realtor 954-557-5993

We Service: Davie, FL Short Sales, Cooper City, FL Short Sales, Coral Springs, FL Short Sales, Coconut Creek , FL Short Sales, Plantation, FL Short Sales, Pembroke Pines, FL Short Sales, Miramar, FL Short Sales, Hollywood, FL Short Sales, Fort Lauderdale, FL Short Sales, Weston, FL Short Sales

Approved Short Sale Weston, Florida 193 LAKEVIEW DR #204 – Great 2/2 Lake View in Racquet Club $104,777

Susan J Penn, PA — Mon, 22 Feb 2010 03:19:37 +0000

Approved Short Sale ready now for cash buyer to enjoy this wonderful 2/2 lakeview condominium in Racquet Club in Weston, Florida Open floor plan & wonderful waterview! Living areas have nice tiled floors, stackable washer/dryer inside, new granite vanity in master bathroom, bright white kitchen with appliances, screened in front and back porches! Peaceful lake view. Up to 20 pound limit on pets allowed and leasing allowed. Amenties include Community Pool!

Contact Susan Penn, EWM Realtor for showings at 954-557-5993.

Servicing Broward County Short Sales!

Wilton Manors Foreclosures 305-401-5035

Joe Gutierrez — Sat, 06 Feb 2010 02:35:07 +0000

As referred to by locals . . . “Wilton Manors is the Island City.” What a great place and time to buy; foreclosures in Wilton Manors. “Interest rates are at an all time low and now there is an $8,000 tax credit to even sweeten such great deals.” Single family homes from only $139,000. There are waterfront homes from under $200,000. Part-time residents may prefer condos which can be found from as low as $48,ooo.; and that’s a 2 bedroom unit! Central prime locations, just minutes from the beach, shops and entertainment. Heck, it’s a bike ride away! If you are looking for great deals or foreclosures in Wilton Manors, just call resident realtor specialist Joe Gutierrez at 305-401-5035. Wilton Manors Foreclosures, Deals and a Tax Credit; what else can you ask for?

Foreclosure 55+ Perfection at “The Palace” 16102 Emerald Estates Dr. , Weston, Florida $220,000.00

Susan J Penn, PA — Wed, 27 Jan 2010 22:40:16 +0000

This is an absolutely perfect 2/2/1 foreclosure condominium unit at Weston, Florida’s 55 + community at “The Palace”! The kitchen has top of the line stainless steel appliances with 42 inch maple wood cabinetry and granite counter tops. The ceilings are 10 feet high. The unit has hurricane impact resistant windows There is a seperate room with washer and dryer. The inside interior features 1635 living square footage. The porcelain tile flooring is stunning! Don’t foret the hugh outside terrace!

The Palace is a wonderful prestigious condominum with four story elevator buildings filled with stunning marble flooring. The lobby has a lounge area with an indoor/outdoor bar and large screened plasma television. The tropical pool is 3,600 feet surrounded by a 22,000 square foot recreational deck and two temperature controlled whirlpools. The state of the art fitness center is fully equipped with free weights, cardiovascular machines and aerobics room, with mens and womens locker rooms with showers. There is a card and game room, library with computer and internet stations, fully equipped business center.

Call Susan Penn, EWM Realtor, part of EWM’s Foreclosure Team for showings at 954-557-5993!

We service: Coral Springs Foreclosures, Coconut Creek Foreclosures, Davie Foreclosures, Plantation Foreclosures, Pembroke Pines Foreclosures, Weston Foreclosures, Southwest Ranches Foreclosures, Miramar foreclosures, Sunrise Foreclosures, Residential Foreclosures, Luxury Foreclosures, Broward County Foreclosures, South Florida Foreclosures, 55+ Foreclosures

South Floridians, “Are You Walking Away From Home Ownership?” Get Results with 2 Experienced Short Sale EWM Realtors!

Susan J Penn, PA — Wed, 27 Jan 2010 22:39:31 +0000

Are you ready to walk away from a Potential Foreclosure?

Is your home upside Down?

Have you stopped making monthly mortgage payments?

Are you underwater and ready to come up for air?

Do you need some HELP?

Do you live in Broward county, Florida?

Have you decided to work with 2 Credible Experienced Full- Time EWM Realtors who have a history of Approved Short Sales?

Call Today Dave Magua, PA 754-581-5077 or Susan Penn, PA 954-557-5993.

We Service: Coral Springs Short Sales, Coconut Creek Short Sales, Cooper City Short Sales, Davie Short Sales, Fort Lauderdale Short Sales, Hollywood Short Sales, Miramar Short Sales, Pembroke Pines Short Sales, Plantation Short Sales, Southwest Ranches, Weston Short Sales, Celebrity Short Sales, Luxury Short Sales ,Distressed Properties, Broward County Foreclosures, Broward County Short Sales, South Florida Foreclosures, South Florida Short Sales.