 I have been providing uncomprising service to buyers, sellers and investors in the Gulf Coast area for over 25 years and I have been a top agent in this area for more than the past 6 years. Prior to entering the real estate business, I was in the insurance industry and my background included; personal and commercial lines litigation along with commercial risk management services. Prior to 1997 I owned and operated my own real estate brokerage company; RSI Realty, which was located in North Redington Beach and sold to Century 21 in 1997. My real estate practice specializes in the Gulf Coast area only, luxury gulf front and Intracoastal waterfront homes and condominiums. Commercially, I specialize in hotels, motels, apartments and retail centers. I do provide investment analysis and asset management services both commercially and residentially. I am also a certified tax exchange advisor; 1031/Starker exchanges, self directed retirement programs. I have completed the State Title Course and received licensing in April 5, 2006. The purpose was to have a full and complete knowledge of the titling process and to assure closing accuracy for my clients. Why You Should Consider Me:
Over 120 million dollars in real estate sold
Recently recognized as one of the TOP 29 AGENTS in Florida
Member of the Luxury Home Marketing Network and the International Luxury Society
Top 5% Nationally
Top 1% Locally
REMAX Hall Of Fame
GRI Graduate of the Real Estate Institute
CRS Certified Residential Specialist
CLHMS Certified Luxury Home Marketing Specialist
BBA Bachelor in Business Administration
CEA Certified Tax Exchange Advisor
CPCU Chartered Property Casualty Underwriter—Insurance
SCLA Senior Claims Law Associate—Insurance
2008 Licensed Title Agent Affiliated with an contributor to the CHILDREN MIRACLE NETWORK
Previous member of the FUNDS ALLOCATION COMMITTEE—UNITED WAY
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Short Sales >1. What Is a Short Sale? A short sale is discussed if the home owner is facing financial hardship and is therefore unable to make payments on the home loan. In the event that the bank or mortgage lender agrees to it, a short sale is an alternative solution when foreclosure is looming. “Short sale” literally translates to selling a piece of real estate just short of the remaining balance of the loan. Because the homeowner finds him or herself in a position where paying the loan just isn’t feasible, the lender will then discount the balance of the loan and the home owner will sell the property and forfeit all of the proceeds to the lender. By doing this, the lender concedes that selling the property at a loss is a better option than continuing to pursue the borrower.
There are four conditions of a short sale:
- The home’s market value is down. This means that the home is worth less than the remaining balance on the home loan. Another way to say this is by saying that the home is "underwater".
- The mortgage is in default or heading that way. A mortgage default occurs when the borrower stops making payments on the loan. At that point, the lender can seize the property from the borrower.
- The home owner encounters hardship like divorce, death or serious illness, unemployment, bankruptcy, etcetera. It is important to note that personal lifestyle choices that cause financial strain are not considered.
- The home owner has no assets. If the homeowner had assets, he or she could use these to make payments on the loan.
How do you know if you qualify for a short sale?
Whether or not a home seller can go through with a short sale ultimately depends on his or her bank or mortgage lender. They have to agree to the short sale process in order for it to come to pass. If the seller’s situation does not line up with the aforementioned four points, he or she may not qualify to sell their home on a short sale.
Any buyer can put an offer in on a home up for short sale so long as they are able to qualify for a loan. It is, however, up to the lender whether or not an offer will be accepted on the property.
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| Q |
Which nation, fueled by an oil and manufacturing boom, claims the world's longest building?
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| A |
The "Linear City" of Malasia is currently the longest.
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 See More Real Estate Trivia > |
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