Parkland Parrot

Archive for the 'Short Sales' Category

Parkland Parrot Negotiates Short Sale And Gets Sun Sentinel Notice

Parkland Parrot Real Estate Team Helps Negotiate Another Successful Short Sale In Parkland, Florida

As we enter the new year, homeowners that are upside down on their mortgages are growing at rapid pace.  But, have no fear!  The Parkland Parrot Real Estate Team is here!

We are helping dozens of distressed Parkland and South Florida homeowners successfully negotiate with banks through the short sale process.  In the beginning of 2011, our team helped Fernando Incarnacao, and his family in Parkland’s Mill Run community, negotiate a full release of debt of his mortgage with US Bank.  It only took our team 4 months from the time we met the Incarnacao family until the January 4th closing date to complete the short sale process.

The Sun-Sentinel quoted our story in Paul Owers’ article: Short sales spike across South Florida in 2010.  Mr. Incarnaco was in tears of joy after closing on his property.  Now, he and his family can move on to the next chapter in their lives with a peace of mind.  Many homeowners that have lost their jobs or that are in financial distress and cannot make their mortgage payments need to seek the assistance and advice of a real estate professional and attorney that both specialize in short sales.Let’s face it … We all know at least someone that is going through tough financial times.  It could be a neighbor, friend, family member, or even co-worker.  Our team is ready to help answer any and all of their questions and concerns at no charge.  Remember, the bank pays for all of our fees and commissions.

It is great to know that we are able to help many Parkland and South Florida residents during these difficult economic times.

We know the numbers, we analyze the market, our clients make better decisions.  If you, or someone that you know, is interested in learning about the short sale process and looking for experienced local Realtors, please do not hesitate to contact us at 954-609-0591 or send us a message here.

To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a followup email.

Florida Courts Require Mediation Before Foreclosing

2010 is here, and the Florida court system has announced that banks and lending institutions MUST mediate before foreclosing on a real estate home.  I wrote an earlier article: Could Home Foreclosure Mediation Be Mandatory Soon? and now the court system in the state is intervening.

Now, both the lenders and borrowers on homesteaded Florida properties will have to meet at the bargaining table.  This court order, carried out by Chief Judge Peggy Quince, guarantees an audience for distressed homeowners and the lending institutions to discuss all available options from loan modifications or short sales before foreclosure.

Banks will be responsible to pay the court costs for each potential foreclosure, which will cost them approximately $750 each. Judges are hoping that this new requirement will help reduce the thousands of foreclosure cases taking over the court systems.

Distressed homeowners must be referred to counseling before mediation.  The mediation must take place no earlier than 60 days and no later than 120 days after a foreclosure suit is filed.  Also, non-profit organizations, such as the Collins Center for Public Policy, must be provied with mediators specially trained in mortgage foreclosure.

According to the Mortgage Bankers Association in the third quarter of 2009, Florida’s 12.74 percent rate of home loans in foreclosure was the nation’s highest. As a result, 441,440 Florida home loans were in foreclosure at that time.

Hopefully, this new policy will help distressed homeowners remodify their loans or agree to do a short sale.  It is important that homeowners call their banks and speak with a real estate agent along with a real estate attorney.  Please give us a call at 954-609-0591 if you are in need of assistance.

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.

2 Of Our Parkland Pine Tree Estates Listings Under Contract

We did it again!! This week two of our Parkland Pine Tree Estates listings went under contract.  In recent months, we have seen an increase in buyer activity on our Parkland listings, especially in Pine Tree Estates.  Many buyers are seeing the value in living in a non-association community.  Most of the homes in Pine Tree Estates are on 1.09 acres.

6213 N.W. 63rd Way, Parkland, FL 33067

Our 5/5 home that is approximately 5,200 square feet under air conditioning listed at $899,000 went under contract yesterday.  This home features a new kitchen and bathrooms and a separate guest suite and recreational room. Click Here For More Pictures & Details

5741 N.W. 66th Way, Parkland, FL 33067

After many months of negotiating with SunTrust Bank, we FINALLY received a written approval on our 3+ Acre Pine Tree Estates listing on 66th Way that was listed at $500,000.  This equestrian home features 8 bedrooms, pool, and over 3 acres of land that can be subdivided into 2 parcels.  Click Here For More Pictures & Details

To view more information on Pine Tree Estates as well as see all of the available inventory, please click here.  We will soon be listing a new Pine Tree Estates property, and The Squawk will certainly post on the Parkland Parrot website.  Have a great weekend!

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Pine Tree Estates or in another Parkland community, please give us a call at 954-609-0591 or send a note to the squawk.