Parkland Parrot

Parkland Real Estate Agent Michael Citron Quoted In Sun Sentinel

Parkland Florida Realtor Michael Citron Quoted In Sun Sentinel For Housing Strategies For 2012

Parkland and South Florida Realtor Michael Citron was quoted in yesterday’s Sun-Sentinel article entitled: South Florida housing strategies for 2012.  It appears that the housing market collapse is fading away bringing a stronger and more stable market in the coming months and years, especially in more stable communities like Parkland, Florida.

Home sales in Parkland and South Florida are on the rise, as the real estate bottom nears.  But, the shadow inventory of bank foreclosures soon to hit the market and less than stellar job market could prolong the recovery.  Sun-Sentinel reporter, Paul Owers, provides a guide to help both buyers and sellers, and homeowners “underwater” on their current mortgages in 2012:

Sellers:

DO: Consider selling early in 2012, before foreclosures hit the market
DON’T: Try to attract buyers with cars, cash or most other incentives

Underwater Borrowers

DO: Plan now if you’re considering a short sale
DON’T: Think you’re necessarily stuck with an underwater mortgage

I was quoted in the Sentinel article giving advice to potential buyers in 2012:

DO: Write a letter to the seller, explaining why you want the home

DON’T: Sound desperate or let the seller know how much of a mortgage you’re approved for

If you’re writing to a lender, be sure to explain that you’re pre-approved for a mortgage and can close quickly, Broward County (and Parkland) real estate agent Michael Citron said. If the seller is the existing homeowner, go into more personal detail.  “If the home has a pool, tell them that you hope your kids can learn to swim in that pool,” Citron said. “A regular seller wants to know the buyer will appreciate the house as much as they did.”

If you are thinking about selling or buying a home, it has never been a better time to make a move in real estate for 2012.  To read the complete Sun-Sentinel article, please click here It is a honor and privilege to be considered as a local real estate expert.  I look forward to working with the Parkland and South Florida community for all of your real estate needs in 2012.

Know the neighborhood. Know the value. Know your hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling real estate in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

Another Successful Short Sale Negotiated For Parkland Cypress Head Seller

Parkland Real Estate Agent Michael Citron Helps Negotiate Successful Short Sale

It is a pleasure to announce that the Parkland Parrot Real Estate Team just successfully help negotiate a short sale for a client of ours in the Cypress Head community.  Bank Of America agreed to accept almost $500,000 less than was was owed and gave my client a full release for the deficiency.

Our client was ecstatic to be able to successfully short sale his Cypress Head home in Parkland, Florida and now be able to move on with his life. The government implemented the Home Affordable Foreclosure Alternatives (HAFA) program which is in place to help homeowners settle their mortgage debt without going through a foreclosure.  The goal of this program is to help homeowners sell their properties through the short sale process and settle their mortgage debt if they owe more on the mortgage than what the home is actually worth.  With the help of this program, the short sale process is streamlined and also offers financial assistance to help with relocation.  In particular, our client in Cypress Head was even given $3,000 from this program in moving costs.

On Bank Of America’s website, here is the qualification to be eligible for the HAFA program:

1.  The property is your current principal residence, OR the property has been vacant or rented out for less than 12 months, and you have not bought another principal residence during that time.

It is a great pleasure for our team to be able to help someone in need and get them on to the next step in their lives.  In particular, this stressful situation was handled with the utmost professionalism and care.  Our short sale clients truly understand that we have their best interests in mind and are here to help throughout the entire process.  We were able to close this transaction in only 4 months, where most short sales take approximately 6-8 months to get done.

If you know anyone in Parkland or South Florida who is “underwater” on their home, tell them to give me a call directly at: 954-609-0591, so I can help answer all of their questions and concerns and provide them with pertinent short sale information.

Know the neighborhood. Know the value. Know your hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling real estate in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

Refinance Mortgage Programs For Underwater Parkland Homeowners Now Available

Calling All Underwater Parkland Florida Homeowners – New Refinance Program Now Available

The Obama Administration is releasing a brand new revision to the Home Affordable Refinance Program for homeowners that are underwater on their mortgages.  Struggling homeowners that owe more than their homes are worth can take advantage of this new program.

Below, please see the criteria that homeowners must meet to take advantage of this program:

• Borrowers must be current on their mortgage payments.
• The loans must be backed by Fannie Mae or Freddie Mac.
• Fannie Mae or Freddie Mac must have bought these loans no later than May 31, 2009.
• To find out if your loan is owned by Fannie, click here. To see if it’s owned by Freddie, click here.

Some other revisions to the Home Affordable Refinance Program are that the government will allow some borrowers to refinance their mortgages even if their mortgages exceed 125% of the values of their homes.  Other noted changes to the program also permit less risk for lenders and decreased fees for borrowers.  Some homeowners can even qualify to refinance their mortgages even if they had a foreclosure in the past seven years!

This new program could help tens of thousands of South Florida residents that owe a lot more than their homes are worth.  In fact, Corelogic, a research firm, reported that four out of 10 homeowners in Broward and Palm Beach counties are currently underwater on their mortgages.  Today is the launch of this new program nationwide, but mortgage experts caution underwater homeowners looking to take advantage of this new government program to be patient, as many lenders are not prepared to accept many applications right away.  I caution homeowners to be patient and shop multiple lenders in order to receive the best rates and programs.

I think this program will indeed help many Parkland and South Florida homeowners.  As a result of underwater homeowners taking advantage of this program, the overall real estate market in Parkland will improve.  In the future, more homeowners will be able to refinance their mortgages and stay in their homes resulting in less distressed home listings being put on the market for sale including short sales and bank foreclosures.  If you are looking to take advantage of this new program and need to speak with an expert mortgage professional, please give me a call at: 954-609-0591.

Know the neighborhood. Know the value. Know your Parkland hometown agents: The Parkland Parrot Real Estate Team.  If you are interested in buying or selling a home in Parkland or South Florida and are looking for experience local Realtors, please do not hesitate to contact us at: 954-609-0591 or send us a message here.

Parkland Home Buyers-30 Year Mortgage Rates Drop Below 4 Percent

Parkland and South Florida Home Buyers Need To Take Advantage Of Record Low Interest Rates

Yesterday, Freddie Mac reported that the average 30-year fixed mortgage interest rates fell just below 4% for only the second time this year. Chad Wandler, a Freddie Mac spokesman, stated that these interest rates have not been this low for 60 years when long-term rates were recorded.

Freddie Mac stands for Federal Home Loan Mortgage Corporation, which is a government-sponsored entity first organized in 1970 to buy mortgages on the secondary market and help expand the availability of money for home loans.  Freddie Mac’s Vice President Frank Nothaft stated that,”Soft home prices and low mortgage rates have kept home-buyer affordability historically high.”

I have been professing that now is truly the best time to buy a home in Parkland or South Florida.  With interest being under 4% and home prices at record low numbers, what are you waiting for?  Sellers that have their Parkland homes on the market are serious about selling.  Now is the time to purchase a home in the City of Parkland.  What a great start to 2012 by owning a home in Parkland, Florida and living the Parkland lifestyle.

Search Current Available Parkland Homes For Sale

Know the neighborhood. Know the value. Know your Parkland hometown agents: The Parkland Parrot Real Estate Team.  If you are interested in buying or selling a home in Parkland or South Florida and are looking for experience local Realtors, please do not hesitate to contact us at: 954-609-0591 or send us a message here.

Related Posts:
Wall Street Journal and Forbes: It’s Time to Buy A Parkland Home
Should I Wait To Buy A Parkland or South Florida Home?
Top 5 Reasons To Live In Parkland Florida

Parkland Florida Restaurant Review-Bagels With Cafe & Deli

7111 N. State Road 7
Parkland, Florida 33073 (NW Corner of Hillsboro & 441)
Tel.: 954-510-0205 Fax: 954-510-0205
Hours: Mon – Sun 7am – 4pm

Bagels With offers Parkland residents fresh and tasty food with the convenience of easy ordering presented in a professional manner and consistent service every day. Enjoy a variety of choices for both breakfast and lunch with quality ingredients. Bagels With can also help cater your business events and parties.

Items On The Menu Include:
Home Made Bagels, Smoked Fish, Chopped Salad Bar, Baked Goods, Coffee Bar, Catering for all occasions: Birthdays, Anniversaries, Holidays, Showers, Power Lunches, Bris, Pool Parties, Shiva & much more

Bagels With has become a Parkland favorite where many residents can stop by almost daily to quickly pick up an appetizing meal.  The restaurant staff is very friendly and welcoming as soon as you enter the restaurant.  With reasonable pricing and fresh and homemade food, what more could you ask for?  For more information and to view a menu, please visit: Bagels With Cafe & Deli

Click Here To View More Parkland Restaurant Reviews

The Parkland Parrot is the most comprehensive online source for Parkland, Florida real estate information.  Whether you are interested in knowing the latest home sales, trends, or local city information in Parkland, The Parkland Parrot has it all at your fingertips.  Click Here To Search Parkland homes

Know the neighborhood. Know the value. Know your hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at: 954-609-0591 or send us a message here.