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Showing posts from December, 2021

I Inherited a House, What To Do? – Should I Rent or Sell in South Florida?

  First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times.You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it?Tons of options open for you, but…… we can help. We’re seasoned investors in South Florida real estate , and we’re looking to buy several houses each month in the South Florida FL area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process. I Inherited A House, What To Do Next? Here’s a few important considerations to help you make the right decision: 1) Make sure the mortgage is paid. This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you wan...

How to Stay in My Home After Foreclosure in South Florida

  A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes . They are in the business to loan people money. But when they have to foreclose on a house… the bank is forced to own the home until they’re able to sell it to get all or most of their money back. But, what they had found is that when a South Florida foreclosed house goes vacant… there is a much greater chance that the house will fall into disrepair.  Often times the bank would rather have you in the property even after you stop paying your payments and the foreclosure is started because it wards of vandals and keeps the house in good working order. There’s been a lot of talk in the media about people living for free after foreclosure – and even many stories about banks “abandoning” properties. In those stories, people are avoiding house...

Foreclosure notice of default in FL– what is it?

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  If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy). The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself. Although this can be really embarrassing to someone going through foreclosure, it’s actually a very important protection for consumers. Back before US law required a notice of default, people were sometimes foreclosed on without any warning. In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people ...

How to Avoid Foreclosure in South Florida

  While the housing market is rebounding, many people in South Florida] are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do to avoid foreclosure in South Florida. It’s important to remember that moving quickly is absolutely paramount, and could save your credit rating and your home. So lets dive in on a couple quick tips on possibly  how to avoid foreclosure in South Florida with your home. The Keys of How To Avoid Foreclosure in South Florida Don’t Abandon Ship Many people simply give up and walk away from their home. There are even areas of South Florida have begun to resemble ghost towns, as the economy has impacted residents significantly. Detroit is a prime example of what can happen when...

Help, I’m Behind in My Mortgage Payments in South Florida – Home Florida Buyer

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  Behind on your mortgage? Read this article for a few tips on what you can to do prevent and avoid foreclosure When you fall behind on your mortgage payments on your South Florida home, it can feel like you’re drowning in debt. Even if you’re able to make your monthly payment, catching up on a past due balance can be an overwhelming challenge. There are a few options that can help you to avoid foreclosure in South Florida and maybe even keep your house, even if you’re seriously behind in payments. Lots of properties in South Florida have been lost to foreclosure, but there are many ways to avoid it. Help, I’m Behind in My Mortgage Payments in South Florida! 5 Things You Can Do To Help Your Situation 1. Bankruptcy: This is usually the tool of last resort. If you’re being crushed by lots of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It’s a lot of work, and it won’t help you avoid your mortga...

The State of the Market for Buyers in South Florida FL

Is it still a buyer’s market today in South Florida? As experts in the South Florida real estate market, we get asked this question a lot. The answer isn’t as simple as yes or no. The State of the Market for Buyers in South Florida FL First off, it really depends on the property type and location. Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns. Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market. But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of South...

Cash for Homes in South Florida Buyers – Will I Get A Fair Price?

  Time and money are crucial factors when you are selling your home. If you need to sell your South Florida house fast… there are local professional home buying companies who pay cash for homes in South Florida FL. Let’s dive into how you can sell your local South Florida house fast and get cash for your house in the process without having to list your house with a real estate agent, or wait months for it to sell. How Do Cash For Homes in South Florida Buyers Work? Finding reputable local South Florida house buyers who pay cash for homes in South Florida can be a daunting task. However, with a little research, you can find that there are several investors out there looking to buy property for cash. Here are some of the things you should look at when you’re working with local cash home buyers ( including our company, Home Florida Buyer, we buy local South Florida FL houses fast ). And before you dive in below… if you’re not sure how the process of a c...

Selling Your Home During a Divorce in South Florida

  If you’re wondering about the ins and outs of selling your home during a divorce in South Florida FL… we’ll dive into the steps and things to look out for in this article. With over 50% of American marriages ending in divorce, many South Florida FL residents are looking or advice for s elling a home during a divorce . A home is one of the most valuable joint assets, and obviously cannot be divided without first liquidating. While a divorce is one of the most stressful and emotionally charged life events, it’s important to remain rational. There are several factors to consider when facing a divorce in a real estate market that has yet to rebound from the housing bubble burst. Determine if (and when) You Will Be Selling Your Home During Your Divorce in South Florida In many divorce cases, one spouse will keep the home, buying out the departing spouse’s share. In many cases, agreements are made where one spouse uses the house for a set period of ...

How to Find a Good Real Estate Agent in South Florida

  Hiring a real estate agent in South Florida can be frustrating. So what are the steps on how to find a good real estate agent in South Florida ? Many local large real estate brokers will spend thousands of dollars each month to ensure that their agents are the most visible, whether it be online, in the Yellow Pages, or by erecting giant billboards in the most trafficked sections of South Florida. However, the agents backed by the most promotion dollars aren’t always the best , and may not be a good fit for your circumstances. In today’s piece, we’re going to look at how you can find a good real estate agent in South Florida. [ NOTE : If you need to sell your South Florida house fast and can’t wait the 3-6 months+ it is taking to sell a home on the local market… we may be able to help by buying your house from you. We can make you an all-cash offer within 24 hours on your house in as-is condition. ] How To Find A Good Real Estate Agent In South F...

How To Avoid Running Into Mortgage Paying Trouble for South Florida Homeowners

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  You may think it’s only the tenant who has a hard time  paying the mortgage,  but as a real estate investor or landlord, there may be times when it’s hard to pay the mortgage on your end as well. Here are some things you can do to avoid facing difficulty in paying your mortgage each month. Keep your properties full. While it may sound overly simplified, this is the most obvious method for ensuring you’ve got rent money coming in each month to cover your property mortgage payments. Don’t allow yourself to get slack on advertising for new tenants. And don’t put off screening applicants or filling your properties because you get busy or overworked. Recognize filling your vacancies as a major aspect of your REI business success and deal with it quickly and efficiently every time. Do your best to find quality tenants. While you want to keep your properties full, finding good quality tenants is key. By “good” it means they pay their rent on time, keep the prope...