Serving Northwest Florida's Beaches

“Really?!?!”

Short Sale Approvals — Week of 8/6-8/10 Property (vacant land) purchased in 2005 for $88,000 Presented purchase contract to 1st (BOA) for $10,000 Short sale approved with full deficiency waiver Property purchased in 2005 for $475,000 Presented purchase contract to 1st (RCS) and 2nd (Compass Bank) for $202,000

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What’s So Short About A Short Sale?

As William Shakespeare wrote, “A rose by any other name would smell as sweet.”  A common misconception about short sales is that once a bank is presented with a reasonable, fair market value offer for a distressed property, it will use common sense and accept the terms of the contract offer as soon as possible […]

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“And they will give you money even if you have defaulted on the loan?”

Short Sale Approvals — Week of 7/20-8/3 Property purchased in 2007 for $745,000 Presented purchase contract to 1st (Wells Fargo) and 2nd (Wells Fargo HELOC) for $430,000 Short sale approved under HAFA with full deficiency waiver from 1st and 2nd Seller received $3000 out of proceeds of sale for “relocation assistance” Property purchased in 2003 […]

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“Never thought it would happen…”

Short Sale Approvals — Week of 7/23- 7/27 Property purchased in 2007 for $2,800,000 Presented purchase contract to 1st (Citi) and 2nd (Chase) mortgagees for $750,000 Short sale approved with full deficiency waiver from both 1st and 2nd Property Purchased in 2005 for $890,000 Presented purchase contract to 1st (BOA) mortgagee for $475,000 Short sale […]

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Welcome

Welcome to the Porath & Associates, P.A. Blog. We are happy to have your interest in our firm.  If you are a client, you know you can reach us by phone, fax or email.  Now you will be able to reach us through our newly upgraded website and our new Facebook page. Soon we will […]

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