Don't forget to turn your clocks ahead one hour Saturday the 12th!
Check out my facebook page, Mexico Beach, FL Real Estate. I try to post articles, events, real estate news a little more frequently there than I do on my blog. It's hard to keep up with all this social networking!!!!
I just posted an article there about Florida's foreclosure law. We are a recourse state which means the banks have a right to go after you for the balance owed on your mortgage if your house goes into foreclosure. It can go after assets as well. And they have 20 years to do it!!!
The question is however, will they? It costs them money to do that, so unless they really think its worth their while, they probably won't.
If you are upside down and owe more on your house then what it is presently worth and are having difficulty making payments it would be beneficial to try a short sale. Don't just walk away without trying!! I've posted about short sales before and don't want to be redundant. However, with a short sale you are working WITH your lender, you can negotiate WITH your lender. And hopefully you (we) can negotiate so they will mark the mortgage paid in full and not put a judgement of deficiency against you.
Please contact me if you are this situation and you need help!
Not a lot going on in the real estate world---that I can document anyway. We've all been busy showing property and writing offers that don't go anywhere!!!
Three residential properties went under contract in the last couple of days though.
There are definitely a few good deals on the market.Listed at $199,900 as a foreclosure.
Call me if interested. This one will not last long!
Please don't hesitate to call me anytime if you are looking for something specific or if you just started and don't know what you are looking for!!!
I look forward to hearing from you!!!