This bank owned REO foreclosure home is located at 10291 Trianon Place in Wellington Florida 33449. Home is located in the private and gated community of Versailles. This video shows the great condition this home is in. If you have any questions call Rodney Forbes at 561-337-4810 or email Rodney@ForbesRealtyOnline.com

 

 

You can also find more information at SearchWestPalmBeachHomes.com

 

 

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10291 Trianon Place Wellington, FL 33449

This is a rare opportunity to buy an estate size bank owned foreclosure in the sought after community of Versailles in Wellington FL. Large community is gated, has a large clubhouse area with many amenities. This home is 2 stories with 4 bedrooms and 5 1/2 baths. The 1st floor office has it’s own full bath and could easily be converted into a 5th bedroom. There are vaulted ceilings throughout the home. In addition to the huge family room there is a formal living room and formal dining room. More information and pictures about this home for sale.

The kitchen area has a breakfast area and island eating area. The kitchen is upgraded with stainless steel appliances, granite countertops, custom cabinets, double wall oven and custom sandstone throughout the entire kitchen area.
The 1st floor master bedroom has double walk in closets, huge master bath with separate shower, jacuzzi tubs and double vanities.

The second floor has a loft area with a custom built in bar. 3 bedrooms upstairs all have beautiful hardwood floors.
Other features of this home include 3 car garage with built in cabinets, alarm system, large covered back patio perfect for entertaining, underground sprinkler system, storage area above garage, separate laundry room with washer and dryer, gas hot water heater and stove.
This is a bank owned foreclosure/REO.

Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc. Rodney has co-authored the book “Should I Short Sale My Home?”. Get your FREE copy at www.SouthFloridaRealEstateReport.com

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Now you can search for homes, townhomes and condos in the West Palm Beach Florida area just like local real estate agents do. You can search for location, such as waterfront, or style, such as single family home, condo or townhome. You can search by price and even search for short sales and bank REO foreclosures. You have the ability to save searches and have property alerts that let you know when new listings come on the market that match your criteria.

This FREE service will also provide you with information about the area, real estate market reports, even ratings on local schools. This is a great feature if you’re moving to Palm Beach County.                                       Start your West Palm Beach Florida Home Search here


Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc. Rodney has co-authored the book “Should I Short Sale My Home?”. Get your FREE copy at www.SouthFloridaRealEstateReport.com

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Now you can search for homes, townhomes and condos in the Jupiter Florida area just like local real estate agents do. You can search for location, such as waterfront, or style, such as single family home, condo or townhome. You can search by price and even search for short sales and bank REO foreclosures. You have the ability to save searches and have property alerts that let you know when new listings come on the market that match your criteria.

This FREE service will also provide you with information about the area, real estate market reports, even ratings on local schools. This is a great feature if you’re moving to Palm Beach County.                                                    Start your home search in the Jupiter Florida area here


Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc. Rodney has co-authored the book “Should I Short Sale My Home?”. Get your FREE copy at www.SouthFloridaRealEstateReport.com

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Happy Holidays From South Florida!

by Rodney Forbes on December 28, 2010

We sure do miss the snow………..

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A Very Terrier Christmas!

by Rodney Forbes on December 11, 2010

I wish my Jack Russell Terriers could do this!

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http://www.palmbeachpost.com/money/real-estate/foreclosures-account-for-nearl…,0


This message was sent by rodneyforbes8@gmail.com via http://addthis.com. Please note that AddThis does not verify email addresses.

Make sharing easier with the AddThis Toolbar: http://www.addthis.com/go/toolbar-em

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REO selling agents for Fannie Mae and Freddie Mac have been given the go ahead to restart transactions that had been suspended due to potential problems with the legal paperwork, known as the “Robo-signer” scandal. The GSEs were forced to temporarily halt the sale of certain properties two months ago when news surfaced that some of the nation’s largest servicers – including Bank of America, JPMorgan Chase, and GMAC Mortgage – had been employing robo-signers who failed to comply with clearly defined state laws when handling foreclosure documentation. From DSNews:

The flawed casework from servicers and legal firms has raised questions about the validity of some foreclosure actions and the legitimacy of title ownership in the sale of repossessed homes.

Now that most of the servicers at the center of the paperwork mess have completed a large chunk of their case reviews and found no evidence of improper foreclosures, Fannie and Freddie are moving to proceed with foreclosures and REO sales as customary.

In a memo last week, Fannie Mae told its REO selling agents to “proceed with scheduling and holding the closings” and to direct matters to the appropriate staff “if a title issue arises with respect to the potential defect of an affidavit used in the underlying foreclosure.”

Freddie Mac said in its own memo that agents should “resume all normal sales activity.” The GSE reaffirmed that it will “resume marketing, sales, and disposing of assets previously placed ‘on hold.’”

As of September 30, Fannie Mae’s inventory of single-family REO properties stood at 166,787. Freddie Mac’s REO inventory totaled 74,897 homes at the end of September. Together, the two GSEs hold about a quarter of all bank-owned residential properties in the United States.

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Rodney Forbes is a Realtor® and registered broker with Forbes Realty of South Florida, based in West Palm Beach Florida. Rodney and his team work in Palm Beach, Broward, Martin and St. Lucie Counties. As a recognized expert on short sales, Rodney has been featured on radio and national web conferences for agents. Rodney has also authored the book “Should I Short Sale My Home?”For more information, please call Rodney at 561-337-4810 or email Rodney@ForbesRealtyOnline.com

Forbes Realty of South Florida also specializes in REO asset disposition. Rodney works with several banks and asset managers in the Palm Beach County area. Rodney is the main author for the popular real estate blog South Florida Real Estate Report. You can find a wealth of information regarding bank foreclosures, short sales, real estate news and local real estate trends.

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October 2010 home sales are down from 2009 for most of the country. Most areas of Florida also saw decreases in home sales. A number of reasons were cited, including the boost in 2009 from the home buyer tax credit, and new stricter mortgage lending guidelines.

Interestingly, nationwide 29% of homes sold for cash and 34% were distress sales, including foreclosures and short sales, as investors line up to buyer distress properties at low prices. New Fannie Mae mortgage qualifying guidelines may keep many potential home buyers out of the market, putting further downward pressure on home prices.

If you have any questions regarding the Florida market, including the West Palm Beach area, please call Forbes Realty of South Florida at      561-337-4810 or email Rodney Forbes at Rodney@ForbesRealtyOnline.com

There is also much more on foreclosures and short sales at our South Florida Real Estate Blog.

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West Palm Beach Area Foreclosures to Increase

by Rodney Forbes on November 24, 2010

Bank foreclosure/REO property inventories are expected to increase in the West Palm Beach Florida area over the next 24 months. By how much nobody knows. However, according to the National Association of Realtors, as many as 4 million foreclosed homes may come on the market nationwide in the next 2 years. A normal year of sales nationwide is about 4.5 million homes.

Although an earlier post shows home prices in the south Florida area to appear very afforable, this news may keep prices down for at least the next 2 years. This is actually good news for those looking to buy over the next 2-3 years. Interest rates should stay at historic lows for now, and home prices should stay low.

How many of these foreclosures will be in the Palm Beach area? It hard to say, but the majority of the distress sales in the nation over the past several years have been in California, Nevada, Florida and Arizona. We are sure to have a large number of these foreclosures.

What do you think will happen to home prices in 2011? Please share your comments 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.

Rodney Forbes is a licensed Realtor®, certified short sale/REO specialist and broker for Forbes Realty of South Florida Inc. Rodney has co-authored the book “Should I Short Sale My Home?”. Get your FREE copy at www.SouthFloridaRealEstateReport.com

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