7710 115th E Ave, Parrish, FL 34219 (MLS # M5829234)

Expansive home perfect for any family! Nearly new home that has been maintained beautifully in a great neighborhood. 5 full bedrooms - eating area in kitchen - screen lanai. Upgrades include crown moulding, travertine floors in master shower, wired for security system, stainless appliances, upgraded 42" cherry cabinets in kitchen. A beautiful home at a great price. Home protection plan in place.

Property Type(s): Residential / All, Residential / Single Family

Last Updated	5/15/2012	Tract	Copperstone Ph I
Year Built	2007	Community	n/a
Garage Spaces	3.0	County	Manatee
Total Parking	3	Walk Score ®	0

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Listed with COLDWELL BANKER RESIDENTIAL RE

(view all details for MLS #M5829234)

4321 Bronte Pl, Sarasota, FL 34241 (MLS # M5829266)

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Short Sale. Very large home with tons of privacy and HUGE pool and lanai for lots of enjoyment and relaxation. Nice older neighborhood with mature trees and landscaping. Excellent school district. Nearby shopping and downtown Sarasota is just 20 minutes away.

Property Type(s): Residential / All, Residential / Single Family

Last Updated	5/16/2012	Tract	Bent Tree Vlg
Year Built	1977	Community	n/a
Garage Spaces	2.0	County	Sarasota
Total Parking	2	Walk Score ®	17

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Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with COLDWELL BANKER RESIDENTIAL RE

(view all details for MLS #M5829266)

515 Pecan Ln, Bradenton, FL 34212 (MLS # M5829117)

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This is a gorgeous community with the availability to play golf at the nearby club! This is a carefree home with tile throughout for easy cleaning and upkeep! Lots of architectural detailing such as plant shelves, niches, etc. to interest your eye and hold your special things! The lanai is spacious and perfect for dining al fresco over looking your sparkling pool and the brick pavered patio. With soaring ceilings this home feels very spacious and welcoming to all!

Property Type(s): Residential / All, Residential / Single Family

Last Updated	5/16/2012	Tract	Old Grove At Greenfield Ph Ii
Year Built	1999	Community	n/a
Garage Spaces	2.0	County	Manatee
Total Parking	2	Walk Score ®	25

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Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with COLDWELL BANKER RESIDENTIAL RE

(view all details for MLS #M5829117)

Demand for bank owned homes, short sales, and regular sales have never been higher that what we have seen in the past two months.  Inventory of homes for sale in Manatee and Sarasota county have hit their lowest level in years.

As of the first of April, there were less than 3,500 total units for sale in Manatee county.  With almost 900 of those homes going under contract in March, that puts our supply of homes into the appreciation range.  3 months of inventory is a sign that prices will be going up, and in certain neighborhoods that has been occurring.

Balance that against the almost 30,000 homes in some stage of foreclosure in Sarasota and Manatee, and the almost 18% of of Florida homeowners that are seriously delinquent a long term problem with foreclosures is not going to be going away anytime soon.

Yesterday I showed three Bank owned homes for sale in Bradenton.  None were on the market for over a week, and all three already had multiple offers.  That is remarkable amount of demand for bank owned homes for sale.

Bank of America and Chase have really taken a lead role in getting through the back log of foreclosures in the Sarasota / Bradenton home market.

I had closed a Chase short sale earlier this year where the seller was able to get a 25,000 dollar cash incentive to go through with a short sale.  What is more remarkable is that that homeowner was short selling an investment / rental home for sale.  Typically most of the government short sale programs including HAFA really are only designed to help homeowners short sale their primary homes.

Chase and Bank of America offer these cash incentive programs for a certain group of homeowners in Florida.  However this is a soft marketed program so not all him owners that are considering a short sale know that the program exists.

My BEST advice is to contact your lender, ASAP, and see if your home loan would qualify for the cash incentive programs that exist. I think that more under water homeowners could really prevent a foreclosure and use this cash incentive program to help them secure an alternative housing plan renting for a few years, and then being able to buy later on.

If you have any questions about doing a short sale, loan modification, please feel free to give me a call text, or email.  I would be happy to give you any advice that I could to help navigate the confusing process of a short sale.

My Team and I have over 200 closed short sale transactions closed over the past 6 years.  We are short sale experts for Sarasota and Manatee County.   We are always ready to help our next customer

CALL ME TODAY to discuss your short sale options  at 941-363-1242

or email me at :cedric.viquerat@floridamoves.com

Bank of America offers up to $30K for short sale

By Ilyce Glink
(CBS)
(MoneyWatch) Bank of America (BAC) is adding to its foreclosure prevention arsenal, according to a press release issued Tuesday by the lender. In the release, Bank of America announces the launch of a nationwide program that offers delinquent borrowers increased assistance with relocation expenses upon the completion of a qualifying short sale.

The program is based on a similar one the lender tested in Florida last year.

Qualifying Bank of America borrowers could receive anywhere from $2,500 to $30,000 in cash upon the close of a short sale. The amount of assistance provided under the new program is determined on a case-by-case basis, taking into consideration the value of the home, amount owed and other considerations not clarified in the press release.

“Bank of America is committed to providing alternatives to foreclosure whenever possible,” Bob Hora, home transition services executive for Bank of America, said in the press release. “This program can help customers make a planned transition from ownership when home retention options have been exhausted or they have made a decision not to keep the home.”

The news comes one week after Bank of America announced it was reaching out to underwater homeowners who could be eligible for principal reductions.

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To qualify for the relocation assistance payments under the new program, the seller must obtain a pre-approved sale price from the bank before submitting a purchase offer. The short sale must be initiated by the end of the year and close by Sept. 26, 2013.

Some short sales that have already started but have not yet closed may also be eligible for relocation assistance. The program is currently only available to borrowers with mortgages owned and serviced by Bank of America.

Relocation assistance is available nationally through Bank of America, but the lender anticipates the greatest response from borrowers in California, Nevada, Arizona, Florida and the other states hit hardest by the burst of the housing bubble.

If you believe you’re eligible for relocation assistance and would like to learn more about short sale incentives, call Bank of America’s home loan servicing hotline at 1-877-459-2852.

For more information about the government’s foreclosure settlement, go to NationalMortgageSettlement.com. If you’re a homeowner and have questions about whether you qualify for a loan modification or refinancing under the Home Affordable Refinance Program (also known as HARP 2.0), contact the Homeowner’s HOPE hotline at 1-888-995-HOPE or go to MakingHomeAffordable.gov.

3601 N Rye Rd, Parrish, FL 34219 (MLS # M5829138)

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Over 5 acres - for all to enjoy! Bring your animals - 4 horse stalls, room to run the dogs, maybe a lama? Very nice custom built home with extra touches - gorgeous slate floors, glass block walls, wood burning fireplace. Huge lanai and inviting pool - tons of privacy. Guest lodging over separate out building - living, kitchen and bedroom - wonderful option for your guests! Gorgeous chefs kitchen with top of the line appliances and solid wood cabinetry. Tons of storage space, separate breakfast and prep counter. All granite. Slate tile throughout living - must be seen - wood burning fireplace in great room for cozy nights. Master bath is decadent - double sinks, granite, glass block shower, deep tub. Think of home as you meander down your long drive - towards serenity and peace. Must be seen!

Property Type(s): Residential / All, Residential / Single Family

Last Updated	5/17/2012	Tract	Not In Subdivision
Year Built	1994	Community	n/a
Garage Spaces	3.0	County	Manatee
Total Parking	5	Walk Score ®	0

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Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with COLDWELL BANKER RESIDENTIAL RE

(view all details for MLS #M5829138)

9405 Portside Ter, Bradenton, FL 34212 (MLS # M5827288)

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WOW! This is the best value for a GATED GOLF COURSE, LAKE VIEW, FURNISHED, POOL HOME in Manatee County! Located in the Gated Waterfront, Golf course community of Waterlefe. You can really have it all with this value priced 3 bedroom POOL home with a nice waterview. Did I mention that it could be sold furnished too? Spacious great room opens to the oversized screened lanai, and sparkling heated private swimming pool. Boat docks can be purchased at the community marina, or play a round on the championship golf course. Get a workout in at the 24 hour access gym, or have a meal. This is a unique complete, gated neighborhood. Maintance free too. so you don't have to worry about the grass, or sprinklers. Have the best at an amazing value in a neighborhood filled with expensive homes. Ready for immediate occupancy so cone and take a look today Wonderful boating and golf community of Waterlefe offers this Madeira model in it's furnished condition! Located on a quiet cul-de-sac. Waterlefe has a gorgeous club house offering fine dining at The River Club, a world class golf course, boating, nature trails, community Olympic sized heated pool, fitness center, playground and 24 hour guarded entrance.

Property Type(s): Residential / All, Residential / Single Family

Last Updated	5/9/2012	Tract	Waterlefe Golf & River Club Un5
Year Built	2002	Community	n/a
Garage Spaces	2.0	County	Manatee
Total Parking	2	Walk Score ®	6

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Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with COLDWELL BANKER RESIDENTIAL RE

(view all details for MLS #M5827288)

Simply put,  the lender of record agrees to accept less of what’s due when the property sells.

1)It is an alternative to foreclosure.

This is a much better alternative than foreclosure where your house is sold off at auction

and you are forced to move out from your property with a greater impact on your credit.

Also, it will take less time for you to be able to get another mortgage

Short sale with FHA Loan

• Can purchase right away with no mortgage default
• 3 year wait if in default at the closing
• Reduced wait if the borrower has re-established good credit and can show extenuating circumstances

Short Sale With Fannie Mae Loan

• 2 year wait if the borrower puts 20 % down
• 4 year wait if the borrower puts between 10% to 20% down
• 7 year wait if the borrower puts less than 10% down
• 2 year wait if the borrower can show extenuating circumstances and puts more than 10% down

Short Sale with Freddie Mac Loan

• 4 year wait before being able to get a loan
• 2 year wait if the borrower can show extenuating circumstances

Foreclosure with an FHA Loan

• 3 year wait before being able to get a loan
• Reduced wait if the borrower can show extenuating circumstances and re-establishes good credit

Foreclosure with a Fannie Mae Loan

• 7 year wait from the completed foreclosure sale date
• 3 year wait if the borrower can show extenuating circumstances. Additional underwriting requirements apply for 4 years after a 3 year waiting period.
• 7 year wait for a 2nd home, cash out re-financing, or an investment property

Foreclosure with a Freddie Mac Loan

• 5 year wait from the completed foreclosure sale date
• 3 year wait if the borrower can show extenuating circumstances

2)You might be able to get money

Chase, Bank of America are helping sellers by giving them money at closing

to move out, known as cash for keys program.

3) The Morgage relief act is set to expire at the end of the year.

This reason alone should help you decide.If you have put of selling your property and do

a short sale, don’t wait any longer.

CALL ME TODAY to discuss your short sale options  at 941-363-1242

or email me at :cedric.viquerat@floridamoves.com