FORECLOSURES

Short Sales & Foreclosures

I specialize in helping home buyers find and negotiate great deals on Sarasota, FL foreclosures, bank owned homes, short sales and other distressed properties. Turnover is very quick in foreclosures. If you want me to do a Free Custom Search of Foreclosed or Pre-Foreclosured Homes in Florida for you: please send me an email at gpirot@hotmail.com. I will search for you everyday, for foreclosures, bank owned pre-foreclosures, and short sales that are new to the Sarasota, FL real estate market.

Short Sales

A short sale occurs when the proceeds of a real estate sale is insufficient to cover the mortgage owned on a property. In a real estate short sale the banks agree to take less than what is owed to them. The negotiation can take a long time to accomplish. Usually it takes months to negotiate a short sale. Be prepared to spend a lot of time and energy in the negotiation. If you’re looking for a quick deal you may want to exclude short sales from your list. Real Estate Short Sales have the longest approval time, 45 to 120 days. We don’t know, at the time of the offer, if the bank will accept it.

Sarasota Foreclosures and Short SalesForeclosures

A real estate foreclosure occurs when a bank selling or repossessing a property after the owner has failed to his payment, The bank took back the property. Banks are setting very aggressive pricing and the turnover is very quick. Approval time is quicker : 48 hours. If you need to set up a Foreclosure search, please email me at gpirot@hotmail.com

Property short sales and foreclosures are bought with an “AS IS” contract with the right to inspect. If the property doesn’t pass your inspection you can walk away from the deal.

If you are currently looking for a Foreclosed Property or Short Sale Property in the Sarasota County or Manatee County, Florida area, please contact me. I specialize in Waterfront Properties in Longboat Key, Siesta Key, Saint Armands Key, Lido Key and Casey Key Florida, also.