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This link will give you DIRECT ACCESS to ALL PROPERTIES listed in Naples and Bonita. And it’s all FREE without having to sign up! Check out what is FOR SALE in YOUR NEIGHBORHOOD.
Once inside, you can also click a button for:
Naples SHORT SALES
Naples FORECLOSURES.
Attention Cash Investors!
Quit going crazy hunting for the best deals only to lose out to someone who paid too much...or worse...YOU paid too much! We are experts in researching county foreclosure auctions, bank repossessions and many other types of purchasing methods. We can help you invest in long term holdings, short term flips, or income producing investments. Just tell us how you want your money to work for you and we will find the property to match. Contact me to find out more.
CLICK HERE TO CONTACT ME
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Hello my name is Erik Mogelvang. Thank you for visiting my website which is intended to reach out to those people who are considering a short sale.
DEFINITION: SHORT SALE vs FORECLOSURE
A short sale, in basic terms, is the selling of a property in which the money generated from the final sale falls short of what the owner still owes on the mortgage. If your property is not worth more than what you owe, and you are behind on your payments, selling short may be an alternative to foreclosure. Foreclosure is simply the process the Lender goes through to repossess your home.
LENDER (your bank) and SHORT SALES
When a short sale takes place, many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage, especially when the person is not making their payments and the person has no other viable assets for the bank to chase down. Why? Why would the Lender accept less than you actually owe? There are a lot of reasons, but primarily it’s because they simply want to cut their losses. After all, the Lender made a deal with you. They lent you money so you could take ownership of a property. You agreed to pay them back for the property PLUS interest. But the whole deal revolved around the value of the house at that time. The LENDER, not you, decided that the property’s value would cover the balance of the loan in the event that you didn’t make your
payments. Collateral. It's not your fault that the Lender didn't account for a drop in property values. The Lender put the money up, rolled the dice, and lost.
WHO IS A CANDIDATE FOR A SHORT SALE?
So, are you and your property a candidate for a short sale? There are MANY other factors to consider… and the only way to correctly make your OWN decision on whether to attempt a short sale or not, is to educate yourself on the pros and cons. Never take the advice of a friend, family member, the internet, a mortgage broker or even a real estate broker like myself, as your only source of information. Instead, compile the knowledge gained from all of these resources and always consult with a qualified, local attorney. Most of the attorneys I work with will give you an informative first consultation for free, where they will ask the not-so-fun questions about your finances and the reasons of your inability to make your payments. Generally, they help YOU to determine whether you are a short sale candidate or not.
SUMMARY:
Please call or email me right now or anytime to learn more. Remember, a
foreclosure is the BANK'S choice as a last resort to repossess your property. A short sale is YOUR choice to initiate before foreclosure occurs.
For more help learning about the short sale process, please call me. There is no such thing as a dumb question! I’m right here in Naples at 417-2222. |
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