Following the announcement that Bank of America would join other major lenders in freezing foreclosure proceedings in certain states, including Florida, Bank of America now has decided to expand the freeze to all 50 states. BofA is using this time to review foreclosure documents on thousands of cases that have recently come under criticism of shoddy record keeping.
What does this mean if your home happens to be in the foreclosure process? This is not a free pass to stay in the home forever, or a “get out of jail free card”. These cases will resume as documents are reviewed. This does give you time to look for an alternative solution to foreclosure, such as short sale or loan modification.
If you live in the south Florida area you can contact Forbes Realty of South Florida to discuss your options. Forbes Realty, based out of West Palm Beach Florida, specializes in short sale help for homeowners.
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If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.
Rodney Forbes, registered broker with Forbes Realty of South Florida, headquartered in West Palm Beach, has been featured on a national foreclosure/REO teleconference as a leading foreclosure/REO real estate agent in the south Florida market. The conference was sponsored by Tim and Julie Harris of Harris Real Estate University, one of the largest online real estate training programs in the country.
Rodney has been working as a licensed real estate agent and broker in the south Florida market for the past several years, focused mostly on assisting homeowners in distress with mortgage solutions such as loan modifications and short sales. Recognizing the need for agents with specialized training in the REO field, Rodney enrolled and received his RSD(REO Specialist Designation) from Harris Real Estate University.
With the knowledge and confidence to assist lenders with the sale of bank owned property, Rodney has quickly developed relationships with several major companies in the REO field. He also helps buyers and investors that are looking for the opportunity to purchase bank owned properties.
You can find out more about Rodney and Forbes Realty of South Florida by clicking here. You can also call him directly at 561-337-4810.
If you’re a real estate agent loking to break into the REO field you can find more information about Harris Real Estate University by clicking here.
Have you ever watched one of the home shows about buying, selling, renovating or flipping and wanted to know how to get one yourself? Well, here is your chance. Rodney Forbes, real estate broker with Forbes Realty of South Florida in West Palm Beach, has been approached to be on the show with first time home sellers.
If you have been thinking of selling and would like the opportunity to be on an HGTV series call Rodney at 561-337-4810 as soon as possible for more details. The HGTV crews will be filming the home selling process from start to finish throughout the fall season.
So this may be your opportunity to be the next HGTV star and sell your home at the same time. For more information about the process call Rodney at 561-337-4810 or email to Rodney@ForbesRealtyOnline.com
Another affordable short sale is available in the West Palm Beach area from Forbes Realty of South Florida. This 3 bedroom 2 bath townhome is perfect for a first time home buyer or investor.
Located in a quiet community in West Palm Beach, this townhome has a private fenced patio. This short sale is being marketed by an experienced short sale team.
If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.
If you’ve been waiting for the right short sale home to come on the market, this is it. Located in the SunTerra subdivision in West Palm Beach, this home is beautiful in every way.
Not only is this the lowest priced home in the subdivision, it could possibly be the most upgraded inside. Granite counter tops and stainless steel appliances are in the kitchen. Premium fixtures are everywhere, including ceiling fans.
The flooring includes large ceramic tile, berber carpet and wood flooring. The home has two separate living and dining areas, as well as a breakfast bar in the kitchen. The covered patio overlooks a private back yard and is perfect for entertaining.
The team marketing this home are very experienced in working with short sales. Click here for more information on the home. You can also call Rodney Forbes directly at 561-337-4810.
If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.
A very rare find is coming to the Singer Island Florida real estate market soon. A large 3 bedroom 3 bath oceanfront condo will be available for sale in a few weeks. Bank owned foreclosures are common in Florida, but rarely does an oceanfront gem like this go to foreclosure.
With over 2,000 square feet, this property is located in the prestigious quiet north end of Singer Island. There are 3 balconies, including a private balcony attached to the master bedroom.
Because it’s bank owned, this home will probably be the lowest priced 3 bedroom oceanfront condo to come on the market in a long time. It will sell very quickly, so if you’d like to know when the property is available for sale, please contact real estate broker Rodney Forbes at 561-337-4810.
Although no price has been set as of yet, it probably will go on the market in the low $400′s, up to 50% less than comparable units in the area. You can be the first to be notified by contacting Rodney at Forbes Realty of South Florida. Contact information is listed below.
If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.
Over the last decade several states, including Florida, have been the center of the real estate boom…and bust. Short sales and bank owned foreclosures dominate the news in south Florida real estate. How did we get here? Where are we going from here?
In this video clip from The Daily Show, Harvard law professor Elizabeth Warren gives her explanation.
No matter what you think of the real estate market in Florida over the next decade one thing is certain. The sun will always be shining, the water will always be blue, and people will continue to move to Florida.
If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.
Just when you thought the real estate market in the West Palm Beach area has turned the corner the FHA sets new tougher loan guidelines for borrowers. With the First Time Home Buyer Program set to expire this year and interest rates sure to increase in the future, the time to buy is now if you’re looking.
1) New MUCH tighter FHA Lending Standards. The FHA has become the lender of last resort over the last few years…and now, they are going to start turning down more borrowers.
2) FHA trying to fight rising mortgage defaults.
3) Premium to 2.5%. Meaning, more money down from the borrower….unless the get the seller to contribute to their closing costs…
4) The seller can only contribute 3% of the sales price to the buyers closing costs…vs 6%.
5) Downpayment requirements…3.5% with 580 FICO and above
6) Less than a 580 credit score? 10% down. However, when you watch this CNBC video you will hear directly from the FHA commissioner on the fact that very few borrowers with low scores will get a FHA loan.
If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.
Here is a great video testimonial for Rodney Forbes and Forbes Realty of South Florida from a very happy short sale client.
If you are interested in buying or selling a home in the Palm Beach County area, specifically Palm Beach Gardens, Jupiter and West Palm Beach, please visit my Forbes Realty website. For frequently updated information on foreclosures, short sales, real estate news and market conditions visit my South Florida Real Estate Report blog. There are many free reports as well as free access to MLS listed properties. You can also call 561-337-4810.
Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc. Rodney has been interviewed by CNBC for his expertise in short sales and has co-authored the book “Should I Short Sale My Home?”. Get your FREE copy at www.SouthFloridaRealEstateReport.com
One of our family’s most enjoyable holiday traditions is to drive around town and look for decorated homes and neighborhoods. One of the best anywhere is the Jupiter Heights subdivision in Jupiter Florida.
It can take you an hour or two just to drive through this neighborhood and see all the decorated homes. So take some coffee, sweets and your favorite Christmas music and enjoy the decorated homes in this area.
Below is a map of the neighborhood. Take I-95 north. Exit Donald Ross Blvd. east in Jupiter. Take the first left (Heights Blvd) and drive until you start seeing the displays.
If there are any other great holiday lights displays in the area, please list them in the comments section for others to find.
