Davidson Realty, Inc.

Short Sales Made Easy with Laurette Martin

September 11, 2009

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Posted by in Distressed Properties, News, Short Sales

Laurette MartinI wanted to share a happy short sale story from a customer of Davidson Realty agent Laurette Martin.

“I would like to pause a moment and give a big THANK YOU to Laurette Martin for the work she did on the short sale of an investment property I owned in Turnberry in the World Golf Village. After the death of my husband, I just couldn’t keep up with the bills and upkeep. Renting it seemed impossible and the bills kept mounting. I was seeking a deed in lieu of foreclosure with my lender. Fortunately, Laurette knew just how to handle all the details of a short sale and was able to present a realistic offer to the lender (with back-up offers)! She was able to provide the best possible scenario, given my circumstances. Thank you, thank you, thank you, Laurette for how professionally and confidentially you handled this transaction. I am so relieved and the new owners are so happy with their find.” Anita

If you or someone you know is having trouble making your mortgage payment, there are options available to avoid foreclosure. Davidson Realty Read more

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Avoid Foreclosure: Get Help with your Distressed Property

August 31, 2009

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Posted by in Distressed Properties, Foreclosures, News

help with distressed propertiesAre you having trouble making your mortgage payments? You are not alone. The statistics are staggering. The Mortgage Bankers Association numbers as of August 20, 2009 show nationally 4.3% of all mortgages are in foreclosure and 8.22% are in default (30+ days late). That means 13.16% of 45 million mortgages are in distress.

A scarier statistic to me is that more than 7 out of 10 homeowners go into foreclosure without visible intervention. There are options for people facing foreclosure and there are people trained to help, specifically Realtors with the Certified Distressed Property Expert (CDPE) designation. Northeast Florida’s Davidson Realty has 19 agents with this designation able to help you.

Five major reasons why you want to avoid foreclosure:

  1. You will always have to disclose a foreclosure on any mortgage application and many job applications. A foreclosure is the most devastating credit issue you can have in relation to future credit availability.
  2. You will be ineligible for a government insured loan for 5 to 7 years (only 2 years in a short sale).
  3. Many current or prospective employers run credit checks. Foreclosure can put a current or potential position in jeopardy. Read more
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