To qualify under these new guidelines:

* The property must be the home owner’s principal residence.
* The home owner must be delinquent on the mortgage or close to defaulting.
* The loan must have been made before Jan. 1, 2009, and be for less than $729,750.
* The borrowers’ total monthly mortgage payment must exceed 31 percent of their before-tax income.

Under the plan, borrowers will receive $1,500 from the government for selling homes for less than the amount of their mortgages. Mortgage-servicing companies will get $1,000 for each completed short sale. Second-mortgage holders can receive up to $3,000 of the sales proceeds in exchange for releasing their liens. Investors who hold the first mortgage can collect up to $1,000 from the government for allowing the payments.

Borrowers who complete a short sale under the program must be “fully released” from future liability for the debt, according to the guidelines.

Source: Associated Press, J.W. Elphinstone (11/01/2009) and The Wall Street Journal, Ruth Simon (11/01/2009)

Do you need to sell your house FAST in Harrisburg? Selling your home in today’s Real Estate market is very difficult. The good news is that we can help. USHomeAssist.com is a local professional home buyer who specialize in helping homeowners sell your house fast.

Some of the reasons you may need to sell your home fast in Harrisburg are:

• To Stop Foreclosure in Harrisburg
• Probate – Inherited House
• Divorce
• Eviction or Tenant Trouble
• Downsizing
• No Equity
• OR you just want to SELL MY HOME FAST!

How it Works

Step 1: Submit your property information via our secure online Sell My House form
Step 2: A USHomeAssist.com affiliate will contact you and make you an offer
Step 3: Accept the offer and sell your home fast!

Take the first step by sending your information to a company that will work hard for you. We are professional home buyers who buy and sell houses in Harrisburg. That’s right; we buy houses! Depending on your situation, we may present you with a few different offers. We can pay cash, take over your payments, pay your equity over time, or even lease purchase your house. If you are behind on payments and have no equity, we can buy your house and stop foreclosure by doing a short sale with your bank.

Benefits of a Professional Home Buyer

• You pay no commissions or fees
• Instant debt relief
• CASH
• Fast closings
• We handle all of the paperwork
• No waiting for Loan Approvals
• No Repairs
• Stop Foreclosure

We Buy Houses Fast in Harrisburg

We buy houses fast, so if you want to sell your house for any reason; be it to stop foreclosure or simply wanting to downsize we can help. Don’t be fooled by other “We Buy Houses” guys who don’t have the knowledge or funding to create a win-win transaction.

We buy houses in the following neighborhoods in Harrisburg: Allison Hill, Bellevue Park, Camp Curtin, Capitol District, Capitol Heights formerly Lottsville, Central Business District (Downtown Harrisburg), City Island, East Harrisburg, Engletown, Governor’s Square, Italian Lake, Jackson Lick, Hillside Village, Hall Manor, Hardscrabble, Marketplace, Midtown, Northern Tier, Shipoke, SoMa (South of Market) District, South Harrisburg, Uptown, and Steelton Borough.

Sell your house in the following surrounding Harrisburg Townships: Susquehanna Township (northeast), Penbrook (northeast), Paxtang (east), Swatara Township (southeast), New Cumberland, Cumberland County, (south), Lemoyne, Cumberland County (southwest), Wormleysburg, Cumberland County (west), East Pennsboro Township, Cumberland County (west).

Stop Foreclosure in Harrisburg

Foreclosures are a major problem in today’s real estate market where prices are dropping, and mortgages are increasingly harder to get. Many homeowners don’t know where to turn, especially when they’re trying to sell a home without equity and stop foreclosure.

We are experienced real estate professionals who will work with your bank, stop foreclosure, and buy your property. The process of getting the lender to take less than what the house is worth is called a short sale. This is our specialty!

Harrisburg – Capital City

Harrisburg is the capital of the Commonwealth of Pennsylvania, in the United States of America. As of the 2000 census, the city had a population of 48,950, making it the ninth largest city in Pennsylvania, after Philadelphia, Pittsburgh, Allentown, Erie, Reading, Scranton, Bethlehem and Lancaster.

Harrisburg is the county seat of Dauphin County and lies on the east bank of the Susquehanna River, 105 miles (169 km) west-northwest of Philadelphia. The Harrisburg-Carlisle Metropolitan Statistical Area, which includes Dauphin, Cumberland, and Perry counties, had a population of 509,074 in 2000. A July 1, 2007 estimate placed the population at 528,892, making it the fifth largest Metropolitan Statistical Area in Pennsylvania after Philadelphia, Pittsburgh, Allentown-Bethlehem-Easton (the Lehigh Valley), and Scranton-Wilkes Barre. The Harrisburg-Carlisle-Lebanon Combined Statistical Area, including both the Harrisburg-Carlisle and Lebanon Metropolitan Statistical Areas, had an estimated population of 656,781 in 2007. (From Wikipedia)

If you are looking to locate to Harrisburg, check out these websites for more information about the state:

www.harrisburgpa.gov
www.visitpa.com

Top Quality Service
Our knowledgeable staff will do our best to help you and your family in any way we can. When you find yourself asking, “How can I sell my home fast?” let the experts at handle all of the work, making your We Buy Houses experience a great one. We are proud to buy and sell houses fast, stop foreclosure, and help homeowners with their problem properties.

Nearby Zip Codes and Cities
17011 – Shiremanstow
17018 – Dauphin
17019 – Dillsburg
17020 – Duncannon
17025 – Enola
17027 – Grantham
17032 – Halifax
17033 – Hershey
17034 – Highspire
17036 – Hummelstown
17043 – Wormleysburg
17053 – Marysville
17055 – Hampden
17057 – Middletown
17069 – New Buffalo
17070 – New Cumberla
17072 – New Kingstow
17093 – Summerdale
17101 – Harrisburg
17102 – Harrisburg
17103 – Penbrook
17104 – Harrisburg
17109 – Colonial Par
17110 – Harrisburg
17111 – Swatara
17112 – Harrisburg
17113 – Steelton
17319 – Etters
17339 – Lewisberry
17370 – York Haven

Florida-Eviction-Process

The Florida Eviction is complicated with several steps to follow. The fees for filing court documents are different for each county, but the same steps will need to be taken for every eviction proceeding. Some evictions will go smoothly while others may be held up in court over technicalities and appeals. Either way, evictions are emotional and trying times for all parties involved.

The following list of steps outline the Florida eviction process.

Step 1 – Three Day Notice to pay rent or Vacate the Property is filed. This is written notification given by the landlord to the tenant notifying them that the rent is due. If the rent money is not paid within the three days or the property is not vacated, then the landlord proceeds to step #2.

Step 2 – File an Eviction Complaint at the county courthouse civil division. The landlord files this document under the county Civil Courts division. It states the tenants name, amount past due and money needed to become current and remain in the lease. After the paperwork is processed, which can take anywhere from three to ten business days, step #3 is executed.

Step 3 – Eviction Summons is served by the sheriff. This is the paper from the Eviction Complaint that has been processed through the court. The tenant gets five business days to respond to the court stating their intentions to pay or vacate the premises. One of three things will happen.

Both of the following scenarios will have the same result.

A hearing will be scheduled in which both parties will need to present their cases. The landlord will prove the tenant has not paid and for how long. The tenant will present reasons as to their lack of non-payment.

Step 4 – The judge enters a final Judgment for past due rent. This is in favor of the landlord and forces the tenant to pay immediately or immediately vacate the premises.

During all of the steps, the process can be halted with the proper payment. A landlord can also sue in small claims court to get the legal fees reimbursed also.

The tenant has rights and can appeal a decision for eviction. Florida evictions are harder to get when it is an adult with small children or persons of disability living with them.

WASHINGTON – Nov. 19, 2009 – A second wave of foreclosures is poised to hit the market, potentially undermining housing recovery efforts as more homes add to the glut of inventory and drive down prices.

These homes largely represent loans that are delinquent but have not yet resulted in foreclosure sales.

About 7 million properties are destined to go into foreclosure, according to a September study by Amherst Securities Group, compared with 1.27 million properties in early 2005.

“There’s a huge supply out there,” says Dean Baker, co-director of the Center for Economic and Policy Research in Washington, D.C. “The foreclosure process can take a long time. When it comes to (the housing recovery), we’re not home free.”

There is often a long lag time between a borrower going delinquent and the bank taking the home. Here’s why:

“There is a lot of foreclosed property in the pipeline that will hit the market and depress prices,” says Mark Zandi at Moody’s Economy.com. Foreclosed homes often sell at prices below those on the market and can therefore drag down overall home values.

The shadow market of foreclosed homes eclipses the number of homes lost this year. Zandi anticipates there will be about 2.4 million homes lost next year through foreclosure, short sales and deeds in lieu of foreclosure. That compares with 2 million homes lost in 2009.

Jumana Bauwens, a spokeswoman at Bank of America, says the bank is projecting an increase in foreclosures in part because customers will not be qualifying for existing loan-modification programs.

Copyright © 2009 USA Today

If you are facing foreclosure, and need to sell your house quickly please call us at 407-251-4903 for a no obligation consultation.

“Extending the home buyer tax credit and expanding it to reach more home buyers is the right thing to do,” says 2009 Florida Realtors® President Cynthia Shelton. “It is critical to maintaining the positive momentum we’ve been experiencing in the housing market and in the overall economy. Florida Realtors applaud congressional leaders for taking action to extend the home buyer tax credit into 2010, which will help Florida families realize their dream of home ownership, improve our communities and strengthen our economy.”

Adds John Sebree, Florida Realtors vice president of public policy, “Florida residents enjoy two additional advantages. The Florida Home buyer Opportunity Program (FHOP), created by the Florida Legislature earlier this year, still has approximately $28 million that first-time home buyers can access and use toward their down payment. And move-up buyers now have the ability to ‘port’ their current property tax savings to a new home.”

First-time home buyers

Most details for first-time home buyers mirror the rules currently in existence. The maximum tax credit remains $8,000 ($4,000 for married individuals filing separately), and anyone who has not owned a home within three years is considered a “first-time buyer.”

• A purchase must be under contract by April 30, 2010.

• Effective immediately: The maximum home value purchased cannot exceed $800,000. Prior to the law being signed, first-time homebuyers had no limitation on a home’s cost.

Current homeowner tax credit

An existing homeowner who purchases a home may now claim a tax credit of up to $6,500. To qualify, that owner must have owned and used the same residence as a principal residence for any consecutive five-year period in the previous eight years.

• This new tax credit is effective immediately. Eligible home buyers do not have to wait until Dec. 1 to close in order to qualify.

• Personal income limits, maximum home value, and contract/closing deadlines are the same as those for first-time home buyers.

Long-time Florida homeowners who enjoy discounted property taxes resulting from the state’s Save Our Homes amendment qualify for property tax portability, notes Sebree. For more information or to calculate how much tax savings can be transferred to a new home, visit floridarealtors.org at: http://www.floridarealtors.org/LegislativeCenter/TopInitiatives/index.cfm

Florida Home buyer Opportunity Program

Under FHOP, first-time Florida home buyers can obtain interest-free bridge loans to access their federal tax credit before they complete a home purchase, enabling them to use that money upfront for down payment and closing costs. Once buyers submit their returns to the IRS and receive their tax credit money, they repay their loans to the state.

The Florida Realtors-backed program came out of the 2009 session of the Florida Legislature. However, as part of the 2009-2010 budget year, did not become effective immediately. They tax credit extension will allow many first-time buyers to tap into the approximately $28 million in the program’s remaining funds.

While funded by the state, the money is distributed through the city and county housing offices that operate the State Housing Initiatives Partnership (SHIP) program. There is no standardized program, and each local agency may operate under different rules for distribution. For more information, buyers should contact their local SHIP office.

To find a local SHIP office, go to: http://apps.floridahousing.org/StandAlone/FHFC_ECM/AppPage_SHIPLGContacts.aspx.

Additional changes

The tax credit extension includes other new rules, such as:

• The new law also impacts dependent purchases of homes, which weren’t addressed under the old rules.

• The new law requires a buyer to attach documentation about the home purchase to his or her income tax return. An audit found that some buyers are claiming the tax credit when they don’t deserve it, and investigators continue to seek out fraud. To minimize tax abuse going forward, buyers won’t receive the credit without submitting proof to the Internal Revenue Service (IRS).

The home buyer tax credit is collected as part of the normal income tax process. As a credit, it’s calculated separately from an individual’s income tax, and paid regardless of taxes owed or withheld from income. As always, however, only a tax planner can render specific advice to anyone seeking the credit. For more information on the credit, contact a tax planner or visit the IRS website at: http://www.irs.gov.

Florida Realtors will update tax credit information and clarify details when available on the Homebuyer Center, part of floridarealtors.org at: http://www.floridarealtors.org/AboutFar/homebuyercenter/index.cfm.

© 2009 Florida Realtors®

Home Buyer Program Question and Answer:

Q: What has stayed the same in the new law?

1) First-time home buyers still get a credit of as much as 10% of the purchase price, up to a maximum $8,000. “First-time” means people, including both partners of a married couple, who haven’t owned a principal residence for three years before the purchase.

2) All taxpayers who claim a credit must use the home as a principal residence for the next three consecutive years.

3) The credits offer dollar-for-dollar reductions of tax and are refundable. This means that a taxpayer who doesn’t pay enough tax to offset the credit can get a refund. For example, if you qualify for an $8,000 credit but only owe $5,000 in tax, you could receive a $3,000 check from the Internal Revenue Service.

4) Under the new law, as under the old, 2009 home buyers may claim the credit on either their 2008 or 2009 returns, and 2010 buyers may claim the credit on either their 2009 or 2010 returns.

5) Taxpayers do not qualify for a credit if they buy from a lineal ancestor or descendent, including parents or grandparents and children or grandchildren.

Q: What has changed?

Several important features took effect as of Nov. 6:

1) To take advantage of the tax credits, a buyer must have a contract in place before May 1, 2010, and the deal must close before July 1, 2010. No further extension is expected.

2) The price of the house is now capped. For purchases made after Nov. 6, no credit is available for any home costing more than $800,000.

3) There is now a tax credit for repeat buyers as well as for first-time buyers. Taxpayers who have lived in one residence for five consecutive years of the past eight can now qualify for a tax credit of as much as 10% of the purchase price, up to a maximum $6,500, of a new principal residence. The new home does not have to cost more than the old one.

4) Income limits for people who qualify for a tax credit are far more generous than under the previous law. For single filers, the credits now phase out between $125,000 and $145,000 of modified adjusted gross income; for married couples, the range is $225,000 to $245,000. For most people, modified adjusted gross income will be the same as adjusted gross income.

5) The new law contains anti-abuse measures designed to stem fraud, which became a problem with the previous home-buyer tax credit. Most buyers must be 18 or older, and no taxpayer may take a credit if he or she is claimed as a dependent on someone else’s return. Taxpayers taking the credit will also have to furnish proof of purchase. According to Robert Dietz of the National Association of Home Builders, this will usually be a HUD-1 form.

6) People taking the tax credit, as under the old law, aren’t allowed to buy a home from a lineal ancestor or descendent. The new law, applying to purchases made after Nov. 6, also says a person may not take a credit if the home is purchased from a spouse or the spouse’s lineal relatives.

Q: If I bought a house last spring or summer, can I get a tax credit?

You qualify if you are a first-time buyer and meet the other requirements, but not if you are a repeat buyer. The new credit for repeat buyers applies only to purchases made after Nov. 6.

Q: What is the definition of “principal residence”?

If you own more than one home, your principal residence is usually the one where you spend most of your time. In determining residence the IRS may also consider where your family lives and your mailing address for bills and correspondence, among other factors.

Q: Can a principal residence be something besides a conventional house?

Yes. A principal residence may also be a condominium, co-op apartment, attached or semi-attached townhouse, or even—if it has eating, sleeping and toilet facilities—a boat, motor home or trailer. Manufactured homes qualify in some states.

Q: Does the person who claims the credit have to use the home as a principal residence?

Yes.

Q: If I buy a new home and live in it, do I also have to sell my old one in order to take advantage of the credit?

This is unclear. The law appears to allow repeat buyers to retain their old home, for which no tax credit was given, while claiming a credit for the new one. What is clear is that if you buy a new home using the credit, you must use it as your principal residence.

Q: How may the credits be allocated among two or more unmarried buyers?

This also is unclear. But if the IRS adopts the rules that applied to the previous tax credit, which are detailed in IRS Notice 2009-12, there is room for planning. The notice says that taxpayers may use “any reasonable manner” to allocate the credit. It even provides an example in which two unmarried buyers allocate the credit to the lower earner in order to qualify for it.

Q: I need the credit refund to help make the down payment. What can I do?

There’s no rushing the IRS. But one option is to adjust your current withholding from your paychecks to reflect the fact that you will be taking the credit later. But be careful: If you don’t make the purchase, then you may owe interest and penalties. Consult a tax adviser.

Q: Is it possible to qualify for a credit if I am building a home on a lot I already own?

Yes, according to the National Association of Home Builders. The purchase date is usually considered to be the date of first occupancy, so you would need to move in before July 1, 2010.

Q: May I take a credit if I am building a large addition to my home?

No; these credits apply only to the purchase of a home.

Q: Are there special rules for the military?

Yes. In general, members of the military and foreignservice and intelligence communities who are serving overseas on “official extended duty” for at least 90 days during 2009 and the first four months of 2010 have an extra year to take advantage of these credits. Consult a tax adviser who specializes in this area.

Q: Where can I get more information?

Go to federalhousingtaxcredit.com, a Web site sponsored by the National Association of Home Builders. You can also look for links from the IRS’s home page, www.irs.gov, or search for Homebuyer Credit. Another option is to consult a professional tax adviser.

I found this article from RISMedia which takes the stance that spending time on social media can be a wasteful. While the verdict is still out, I tend to agree because I haven’t heard of anyone actually getting a financial return on their time investment. In my opinion, the most important activities in Real Estate involve buying, selling, and renting. If you’re not focused on those, then you are wasting your most valuable resource, time. Enjoy!

RISMEDIA, November 12, 2009 – Remember when My Space ruled the social media scene? Remember Google buying them for the heady sum of $900 million? They just announced that their traffic has gone down so much that Google will not have to make this year’s annual payment of $300 million or so.

Did you see the article in another e-newsletter last week in which two “successful” social media real estate agents were profiled: one who had never sold a home from her four hours a day efforts and another who had sold one from his two hours a day efforts (oh, but they both have thousands of people following them?).

You are being told that in order to succeed online you must continue to employ esoteric and obscure social networking sites, in addition to Twitter, Facebook, etc. After all, who can ignore the Twitter nation of 250 million members? You must participate. (Pay no attention to that man behind the curtain reporting that the vast majority of Twitterers make one tweet and never come back).

Well, as I have been telling you for three years now, that is hogwash. Social media is a sinkhole that absorbs time, effort and money that could better be spent on finding listings and selling houses. Social media is the new blogging. It too will peak, then decline with one very large exception: affinity group business communication.
Affinity group business communication is where groups of like-minded business professionals in an industry utilize a resource to stay in touch with each other. Unfortunately, it is my belief that such social networking won’t last or really take off between sellers of real estate and people looking to purchase it.

Why social media won’t be a long-term selling tool for real estate
In February 2008, I tried to explain why advertising and social networking don’t complement each other. My friend, Michael Krisa (“That Interview Guy”) explained it to me like this: “Advertising in social network sites is like this: You and I are in my newly renovated kitchen having a coffee. You ask me who did the work and I gladly refer the contractor because I am pleased with the job he did. As I’m writing down his name and number, there is a flash of light and the sickening sound of breaking glass as Home Depot throws a brick through my window promoting their own renovation team…ads on social network sites are just as welcome as that brick…and equally as annoying.”
I have seen nothing—either in theory or in results—that has changed my mind. The two concepts are not compatible for what real estate professionals are selling. While those with huge sums of money to spend on mass advertising may disagree, my position comes from the frame of reference of the professional agent: someone whose time is money, and whose time cannot be wasted without deleteriously affecting their livelihood.

It is the function of techies to push new technology upon us
I’m no slouch when it comes to IT. I’m no programmer, but I’m relatively in the know about all phases of the Internet and personal computing. When it comes to marketing, I understand it as well as anyone. My efforts in these columns are to advance marketing.

Techies, on the other hand, love to wax rhapsodic about “the next big thing.” They write about things outside the experience of agents, regular folks and non-techies because that is their life. By telling us all we must utilize a particular technology, they make themselves more valuable and more influential. By offering new courses on the latest thing, they extract yet more money out of an already reeling agent base.

Trust me, folks, a course on how to social network isn’t going to sell that next property for you. Neither is a tweet or a placement on your Facebook page. Sure, “everybody’s doing it” but don’t you toss that lame reasoning out when your high school kid told you the same thing trying to justify (insert unjustifiable thing, here)?

Lemmings rarely are top salespeople, and those who do not understand the one great truth about selling houses in the digital age will never succeed at doing so.

The one great truth about selling houses in the digital age
You must put the Internet to work for you. An estimated 880 million people search Google for a real estate related thing each month. They search Google—not Twitter, not Facebook or whatever the newest and hippest social site is these days.

The home-buying audience may be hip, but most are concerned. They want access, value and service from their agent. No matter how “hip” they are, they want a professional who knows more than they do about real estate; to guide them and to help them. They play on Twitter, they social network on Facebook, they buy homes from the Internet.
Want to sell houses online?

An advanced degree in techie is not required. Three things are required:
Internet buyers must be able to find you when they search for homes online;
You must attract between 5 and 15% of these buyers to sign in and ask you for more information; you must follow up properly (not with auto-responders) and promptly; NAR says 50% of agents call an internet lead within 54 hours and the other 50% never call them. That may be in part due to the poor quality of many of these purported “leads” but regardless: 54 hours doesn’t cut it. Under one hour cuts it.

Don’t be stampeded into feeling like you are disconnected
One of the oldest techniques in the world to promote a cure is to create a sickness. Lacking an interest or skills in social networking will not affect your selling real estate. Lacking an Internet presence will greatly affect that ability and having one will bring you success you can’t now imagine.

If you could talk with agents who sell 10, 20, 50 or more homes from their websites annually, they’d tell you this: response time is far more important than any other factor in responding to a lead. They’d also tell you that the quality of leads is the single biggest factor in selling homes to Internet buyers. If you aren’t getting leads from your website, or you are getting the old “corporate junk leads” and are so frustrated with them that you have mentally kissed them off, re-read the paragraph above this one. Do that and you will succeed.

The rest of this social networking stuff is fine for becoming and making friends. I don’t know about you, but most agents don’t go into real estate to make friends, they do it to sell homes and make a good living. Put your efforts where the results are, not into what today’s techie says you need to do to stay au courant. Techies don’t sell houses. You do.

Mike Parker advises thousands of agents and brokers on the subject of online marketing services for realtors. If you want to learn more about how to succeed at selling homes to Internet buyers or to request a free review of your website to determine if it can be found by internet buyers and if it is set up to be effective for you, click here [2] and we’ll review it for you at no cost or obligation.

Florida is a judicial state. This means that all foreclosures must use the court system for processing. Since banks differ and the courts are involved, the foreclosure process timeline varies slightly between individual cases. The average time frame is five to six months from the beginning steps until the finalization of a foreclosure.

Steps Taken to Foreclosure

The first steps fall under the pre-foreclosure period. The mortgage holder is late with payment, but remain in the property while the foreclosure proceedings progress.

1. Notice of Default

The Notice of Default is the first indication of late payment. It is a written notice sent to the mortgage holder by the mortgage lender. It will state how much money is owed and how late the payment is. A Notice of Default will state what you need to do in order to become current on your payments and prevent foreclosure from happening.

2. Lis Pendes

Lis Pendes is paperwork filed by the mortgage lender in the county courthouse. It states their intention to sue the property owners if they do not receive the mortgage monies. The court then creates the paperwork that notifies all parties involved about the upcoming lawsuit and the terms.

3. Action

Notice of Action is the next step in the foreclosure process. When a mortgage holder cannot pay the terms stated in the Notice of Default and goes further in delinquency, a Notice of Action is posted in the local newspaper. It states the mortgage lender’s written demands to be paid on their loan and their intent to take back the property if the payment is not made.

Once the Notice of Action is posted, the formal foreclosure process takes place.

4. Foreclosure Action

A foreclosure action, which is a lawsuit filed under the county where the property is located, is made. This states the intent of the mortgage company to evict the residents and take over ownership of the property. They will post the date and time of the auction where the property will be sold, anywhere from three to six weeks in the future.

5. Redemption

At any time before the auction of the property, the mortgage holder can take back the property if they can pay off the mortgage in full. If they can pay for the mortgage in full, the proceedings are halted and the mortgage holders can move in and re-assume ownership of the property.

6. Sheriff’s Sale

The last step of the foreclosure process is the Sheriff’s sale. This is where the property is auctioned off to the highest bidder at the county courthouse. The price is low to begin, but can escalate if it is in a hot location. Once another bidder has won the auction and the property, the former mortgage holder has terminated all of their rights to the property. Within ten days of the successful sale, the title is transferred to the winning bidder.

If you are in situation where you need to stop foreclosure and sell your house, feel free to contact us at 321-251-4903 to discuss your options. Thank you, Martin Orefice

Realtors roll up sleeves to move property


WEST PALM BEACH, Fla. – Nov. 3, 2009 – With the days of easy home sales long gone, today’s real estate agents are finding themselves going to great lengths to get property deals done.

“We used to have a market where people were just writing offers and buying homes and you didn’t have to do anything because it all just happened,” confirms Realtors Association of Palm Beach County CEO Brian Paul. “Now, in this market, people are having to really work.”

Sacrificing a percentage of their income can be part of that effort, but it’s not the only part. At a time when banks are stingy with financing and short sales can drag on for months, Realtors are getting their hands dirty in order to make sure properties pass appraisal. That means spending their own money and strapping on toolbelts to repair roofs, electrical systems and air conditioners and, in the case of Federal Housing Administration loans, laying carpet and installing stoves so that those requisite amenities are in place.

Because Realtors can lose a significant amount of time and money if the transaction ultimately collapses, they must use good judgment to determine whether it is a good gamble to invest their own funds into selling a property – and also whether it is in the best interest of the borrower.

Source: Palm Beach Post (FL) (11/01/09) Miller, Kimberly