Wellington Florida Luxury Homes

Wellington Short Sale Agents Get $20000 for Seller! Florida Foreclosure Options- Would $20,000 Motivate You To Do A Short Sale?

Nestor and Katerina Gasset — Sat, 02 Jul 2011 01:46:00 GMT

Wellington Short Sale agents get $20,000 for seller! Florida Foreclosure Options- Do You Have A Chase Mortgage? You may just qualify for up to $20,000 in moving expenses upon closing your short sale.

What are the requirements? This is a Chase program called, " Foreclosure Outreach Program".

Your property has to be listed with a short sale Realtor® and your listing agent has to send in the listing agreement. Right now the letters we are getting state that this offer is only available until January 11th so if you have been thinking about doing a short sale but have been procrastinating putting your home on the market- maybe $20,000 in extra cash in your pocket would be the incentive you need to get going instead of allowing your home to be lost in a foreclosure sale.

The first step is to contact us, Nestor and Katerina Gasset at International Properties and Investments Inc at 561-753-0135 to get your short sale started.

We first have to see if you are qualified for the HAFA program. If you are qualified for the HAFA program then you will get $3,000 from the HAFA program for your moving incentive money, cash in your pocket and then Chase will give you $17,000 towards your moving expenses.

If you are not qualified for the HAFA and get turned down in the HAFA program, you may still qualify to get the entire $20,000 from Chase. You need to have a listing agent who knows how to do short sales and actually closes short sales.

Here is a copy of a letter one of our sellers received from Chase about a week or ten days ago. We blacked out the personal information and it is a scan so I am sorry if you can not read it that clearly but I think it is clear enough to give you an idea.

If you have a Chase Mortgage and you have not been opening your mail from Chase- we suggest you go right now and start looking for your mail from Chase over the last two or three weeks and open every letter up to see if you have a letter like this waiting for you to accept their offer of $20,000.

Mortgage Defaulters Get More Access To Loans

Nestor and Katerina Gasset — Sat, 18 Jun 2011 13:15:00 GMT

Homeowners who have defaulted on their mortgage loans are getting loans again. The chief economist of the American Bankers Association says that banks are extending credit to those with serious blemishes on their credit. They are saying that borrowers who are current and pay all of their bills on time, their car payments on time and any other loans on time but that have defaulted on their mortgages are some of the "most attractive" candidates for the new loans.

From February 2009 to about August 2011 over 64,000 people who defaulted on their mortgages received consumer loans. This is according to TransUnion. Most of these consumers got credit cards but a lot of them got car loans. In fact, about 40% of the defaulted homeowners were given car loans, personal loans and line of credits.

The lenders believe that those who have defaulted on their mortgages and yet are current on their other obligations are a good credit risk because the housing bust put these borrowers into a situation they did not want to be in but were forced into by the market. The lenders take in many factors when deciding to give a loan so each situation is different.

But past homeowners seeking to get credit need to understand that they will be charged with higher rates and that getting credit is not always a good thing. It can become another trap. The average credit card interest rate is about 15% but for those who have defaulted on their mortgages the interest rate they are paying is 20% to 25% ! Wow, now that is high interest. Takes me back to the early 80's! Getting a car loan if you have excellent credit can be as low as 4% but if you have a mortgage default that same car loan to you is going to be as high as 19%! Maybe consumers in that position should save their money and buy a car with cash.

We Can Not Sit By While You Lose Your House To Foreclosure!

Nestor and Katerina Gasset — Fri, 03 Jun 2011 12:20:00 GMT

This is yet another rant about why you don't list your short sale with agents who are NOT experienced in closing short sales and much less, don't even know what a short sale is all about.

We got a call from a distraught seller who lives in another state and owns an investment property that he needs to short sale here in Florida.

The agent who listed the property knows that the property has a tenant in it and that tenant needs 24 hours notice for showings. This agent knew this information prior to signing the listing agreement. This agent refuses to set up the showings for the owner because the agent says that is just too many phone calls to make. So the owner sets up the showings with the tenant.

My first question here is why don't you have a showing desk to set up the showings, a virtual assistant or a receptionist to make these calls for the showings if this is too much work for this agent?

Next, the agent is NOT doing the short sale, this agent only listed the property and does not know anything about short sales nor did this agent do any preparatory work with the seller in getting him on the same page for doing a short sale. This agent did not interview the seller.

Instead this agent has some SHORT SALE company doing the short sale. But this short sale company is NOT a FLORIDA short sale company. This short sale company has only spoken to this seller once. The seller is in lis pendens. The short sale company told the seller that his lender canceled the foreclosure because he is doing a short sale! What a load of crap!

We are going to post on what attorneys say about agents who take short sale listings and know nothing about short sales next week.

So here is a seller who is in foreclosure and this short sale company nor the agent ever advised him to go seek the advice of a foreclosure defense attorney to defend him in this foreclosure suit. OH MY! MY BLOOD IS BOILING!!!!

So the agent puts this property that is in foreclosure temporarily off the market because this agent does not want to deal with the tenant and refuses to cancel the listing yet is not doing fulfilling the agents part in this entire fiasco. Does this agent not know that time is of the essence here????

Next, we checked out this SHORT SALE Company! They are not listed as a corporation in Florida. They do not have a business license here. And to top it all off-

Florida law says that you can NOT handle short sales in Florida unless you are a licensed real estate agent, a licensed loan originator or an attorney!!!! So this SHORT SALE company is illegally handling this seller's short sale who did not know any of this.

So we have an agent who does not have a clue nor does this agent even seem to care that this man is going to lose his home to a foreclosure and a short sale company who is illegally handling or should I say NOT handling his short sale and giving him incorrect information about his foreclosure status.

How do they sleep at night?????????????

Wellington Florida- Proposed Neighborhood Defensive Measures Up For Discussion.

Nestor and Katerina Gasset — Mon, 28 Mar 2011 21:20:00 GMT

On March 30th at 6:30 p.m. at the Wellington Municipal Complex- 12300 Forest Hill Blvd. there is a public forum for discussing the new proposed changes in Wellington.

The proposed changes are:

1. Close the road on Goldenrod Road at the C-5 canal.

2. A neighborhood part between Hyacinth Place and Exotica Lane.

These proposes changes are "neighborhood defense measures". Now, how PC is that phrase:)

Neighborhood advocates from Sugar Pond manor are in favor of these proposals.

You can also email your feedback to tlamport( at sign) wellingtonfl.gov.

The goal of Wellington is to create a Great Hometown. Of course, living here, we already know it is just that. However, we need to be vigilant in keeping it that way.

We are looking at social and economic factors that lead to the decline of neighborhoods and encourage investment in appearance of those areas in neighborhoods. Wellington is also active in restoring safe family neighborhood orientations.

Wellington is very proactive in keeping neighborhoods safe and beautiful. Wellington was chosen as one of the top best places to live in 2010.

Real Estate Markets Bouncing Back in 2011?

Nestor and Katerina Gasset — Tue, 08 Feb 2011 02:00:00 GMT

Veros Real Estate solutions did a survey to ascertain if there will be any bounce back in home values in 2011.

There is a light at the end of the tunnel we have been driving on the past three years but not everywhere.

Smaller metro markets who have populations of less than 250,000 will see some modest gains in home values.

The projected 5 strongest markets for 2011 are:

San Diego California +3.5%
Kennewick Washington +3.4%
Pittsburgh PA +2.7%
Fargo North Dakota +2.6%
Washington DC +2.5%

Of course where there is an upside there is also a downside.

Florida will not be faring as well. In fact, Florida is expected once again to see the most depreciation.

California and Nevada follow closely behind. As these states led in foreclosures and took the biggest hits in the

real estate boom and bust, they are also going to be the slowest to recover.

The 5 worst housing markets for 2011 are projected to be:

Reno Nevada -7.2% decline in home prices
Orlando Florida -6.5%
Boise City Idaho -6.4%
Daytona Beach Florida -6.3%
Port St Lucie Florida -6.3%

The survey suggests that the best growth will be in the south in Texas, Louisiana and Arkansas.

I get Texas, but have no clue about why Arkansas is projected to grow- no offense to agents who like in Arkansas.

I have been there a few times and just don't see the advantages of living in that muggy inland heat, LOL!

Whether this all is true or not remains to be seen. We do a lot of short sales in Port St Lucie Florida and the prices are continuing to fall, we see this every day. The same house we could sell two years ago for $210,000 is now going for $160,000. Condos that we had sold for $50,000 are now closing at $42,000. Huge declines there and we agree, it will continue to drop in 2011 before it steadies. I don't know that it will bounce back for a long time.

If you are an agent working in these declining markets print out this report and send it in with your short sales in these markets.

Bank United Short Sale Glitches Part 2- And Why They Should Get Rid Of Third Party Companies

Nestor and Katerina Gasset — Thu, 27 Jan 2011 15:28:00 GMT

Bank United Short Sale Glitches- Part 2- And Why They Should Get Rid Of Third Party Companies who are unethical and only damage the reputation of Bank United and other banks who are using them.

So if you are not up to speed with what is going on, click here to read Part 1 of Bank United Short Sale Glitches Part 1 to catch up.

I know that most of you are waiting to hear what Nestor got resolved after Part 1. But there was more to the story that is going to make blood shoot out of your eyes!

First of all let me give you a little background on our sellers who this pertains too. They are in their 70's. Their business they own has really suffered in this economy. The husband is in ill health and the wife is stressed with paying on all their rental properties that are super upside down. They are wonderful good honest hard working people who fell on bad times. We have two of their properties listed for short sale that are both with Bank United.

This couple was referred to us by another client about the same age they are who listed his house as a short sale with us and is a successfully closed short sale transaction with Bank United also. We loved working with Bank United for years before they got into this third party company stuff.

Anyhow, this age group of clients is not going to do everything over the phone and online which is our normal short sale protocol. After many questions and several hours of consulting about their situation and they spoke to several attorneys- they decided that we would be the right fit for them. Even so, this was over the phone and email, they flew here to meet with us because that is how important it is to them to know who they are working with. You need to know this in order to get what happens.

Of course, after we listed the properties NQS got involved. It was like a cog in the wheel. That is another post for another day. Then all of a sudden the file was pulled from NQS and now there is some Greenriver or something like that in their place! It was out of the blue, as usual in these situations.

Someone from Bank United calls the sellers and tells the that the best decision for them to make is to do a deed in lieu! Well, Mr Seller tells Mr lender that he does know what a deed in lieu is and that he is already doing a short sale on both properties and both properties have offers on them. Mr lender says, oh but a deed in lieu is less paperwork. He kept pushing Mr Seller and telling Mr Seller that this was in his best interest! But never once explained what a deed in lieu is. Mr Sellers said to Mr lender, please send me some information regarding what you are talking about in writing.

He never received anything from Bank United. Ten days went by and nothing happened. Well, suddenly our file was shut down in the system. When Milet tried to upload some updated documents she was told that the short sale was canceled because the sellers are doing a deed in lieu!!!! What a surprise to everyone that was! The sellers did no such thing. After reading the personalities of our sellers, it is obvious they would never make such a quick decision and especially make one without going over it with us and their attorney. Bank United has NOTHING in writing from the sellers.

This brings me to my next observation. If a seller does a deed in lieu the listing agent has to cancel their listing. So a bank calling your seller and telling them about doing a deed in lieu while you are under contract with a listing agreement and you have an offer in place- hmmm, is that tort interference with a legally binding contract?

The sellers prepared a certified letter to Bank United, faxed them the letter and called the Loss Mitigation Dept. Bank United. A person that Nestor has worked with before told the sellers that a short sale is actually their best option and that we should send to him directly the files and the offers and that he would personally take care of these files and without a third party interference. He projected that we should be able to get approvals back within the next 30 days and set a closing date shortly.

Nestor and I recently received 3 calls from 3 different sellers who are with Bank United where they were told by Bank United we are to deal directly with Bank United and not with the third party companies who were the ones handling the files on these properties.

Wellington Short Sale Agents Get $20000 for Seller! Florida Foreclosure Options- Would $20,000 Motivate You To Do A Short Sale?

Nestor and Katerina Gasset — Thu, 27 Jan 2011 15:15:00 GMT

What are the requirements? This is a Chase program called, " Foreclosure Outreach Program".

The first step is to contact us, Nestor and Katerina Gasset at International Properties and Investments Inc at 561-753-0135 to get your short sale started.

Why Does Your Short Sale Seller Care If We Give Him A Low Ball Offer?

Nestor and Katerina Gasset — Tue, 18 Jan 2011 04:21:00 GMT

Why does your SHORT SALE Seller care if we give him a low ball offer?

This is a very common question we get from buyers' agents and from their buyers when making offers on our short sales. They don't understand why a seller would care about what kind of offer they get on their short sale.

There are very valid reasons why our sellers care about the offer that they get when they are short selling their home.

Before we talk about why let's make it clear that the offer on a short sale property is a bi-lateral agreement between a buyer and a seller and in a short sale the seller is not the bank, the seller is the owner of the property, the person or entity on the title to the property. This is based on a deed state- Florida. So therefore, the bank is NOT a party to the contract. The bank is NOT going to sign the offer. The bank is NOT going to become a party to the contract.

However, there is a clause in the contract that states that the seller can not close without his lender agreeing on taking a lesser amount owed to them by the seller.

The first and most important reason to care about the offer price is if the seller is facing foreclosure. If the seller is facing foreclosure than time is of the essence. While we can in most situations get the lender to hold off on final foreclosure dates there is no guarantee that they will. So getting a close to market value offer is going to help speed up the process of getting to a closing.

The banks are NOT approving short sale payoffs based on way below market values. The lender is approving a net loss. The lender does not depend on the listing agent nor on the buyers' agent to get a market value. They hire a third party, either an appraiser or a Realtor® to get them a market value. Then they look at the market value and the offer and then calculate the net loss to them, at which time they will reject, counter or accept the loss.

No matter how many late night get rich quick in short sale shows you are watching you can not make it so.

So our sellers must calculate the risk in any offer they receive. They have a lot at stake in choosing an offer.

For the record, the short sale listings we have are not on the market very long and most of them will get multiple offers. While we are in desperate times we are not accepting desperate measures especially ones that can hurt our sellers.

The next reason for not sellers caring about how much the offer is- is because we are a deficiency state. Many of our sellers are investors so they will be 1099'd on the loss- this may move them into a higher tax bracket and that could be disastrous as they are usually not in a position to pay that increase. So they must look at the loss that is going to be considered income by the IRS. Also, if our sellers are investors they must also look at the chance of a deficiency and they wish to mitigate that amount.

The seller does not want to have their home off the market for a long time while we negotiate a short sale for them only to have to put the house back on the market again because their lender rejects the amount of the loss. The closer to market value we get an offer the more the odds are increased in the favor of the seller getting their short sale terms accepted.

We are not attorneys. We are not giving legal advice. The information contained herein is based on what other attorneys have discussed with their clients and what the different sellers situations are and how they respond to the offers. Please seek legal advice.

Wellington Kicks Off Polo Season!

Nestor and Katerina Gasset — Tue, 18 Jan 2011 04:17:00 GMT

Ah, there is such beauty in the grace of the game of Polo- the speed at which the horse and rider glide across the field is smooth and exciting at the same time.

The International Polo Club Palm Beach is in its' eighth year here in Wellington Florida.

Of course Polo has been played here for years prior but The International Polo Club Palm Beach is a very popular Polo Club. This season is going to be largest Polo season on record here in Wellington Florida.

Eleven teams will be playing here this year in their 26- goal tournaments. If you like Polo, then Wellington is the place to be.

The International Polo Club Palm Beach hosts the most elite of all Polo Tournaments which are:

the Piaget Gold Cup,
the C.V. Whitney Cup
and the U.S. Open Championships.

The club has replaced the big tent with a permanent two story building for viewing the matches. This building cost nearly $2 Million. You are still welcome to tailgate at the games.

For more information call the club at 561-204-5687. See you at Polo!!!

Florida Foreclosures- Karma Can Come Back To Bite You!

Nestor and Katerina Gasset — Fri, 14 Jan 2011 03:29:00 GMT

David Stern's Law office who is under investigation by the Florida Attorney General for being accused of producing faulty paperwork for foreclosure cases while running his foreclosure mill in Broward County Florida.

We can say first hand that they foreclosed on a listing we had as we were negotiating a short sale on even after the bank called off the foreclosure. In fact, we were on a three way call with the executive at the bank when she was on the phone with Stern's office confirming they were to cancel the foreclosure sale. Guess what, they did not! Luckily in this seller's case, the bank required David Stern's office to go back and undo the foreclosure. But that is not the luck of many sellers who have been falling victim to Stern's office.

The company DJSP Enterprises is a publicly traded company which owns David Stern's law office. He was the Chairman of the company but has stepped down as chairman. He is still the CEO and President. But when the AG started the investigation their stock prices fell by 18%.

Well, now former employees of the law office of David Stern filed a federal lawsuit for back wages and benefits. Over 400 employees were fired from the law offices in a two week period. The allegations state that the employees were fired without a 60 day advance notice which is required by federal law. Altogether more than 700 people were fired from the Broward county law offices according to federal filings.

The lawsuit claims that DJSP Enterprises sent out an email to hundreds of employees to clear out and get out within an hour. One of the former employees said she worked there for 14 years and was terminates without the proper paperwork. She has cancer and was in cancer treatment and needs the proper paperwork in order to continue her health insurance into COBRA. She said that Stern knew about her cancer and that she worked the entire time even during her treatments.

We have not heard any comments from Stern regarding the lawsuit and allegations. What goes around, comes around! Karma may be your best friend or your worst nightmare- depending on how you behave and treat others!

Bank United Short Sale Glitches Part 1

Nestor and Katerina Gasset — Tue, 11 Jan 2011 03:35:00 GMT

Since Bank United went through some system changes things have been appearing to be very disorganized and upside down.

Bank United was one of the better lenders to do short sales with.

They are a smaller bank, headquartered here in Florida and did a lot of portfolio loans here in Florida.

We used to be able to get a short sale approved with Bank United in 30 to 60 days.

They also changed all the loan numbers. This always seem to lead to misplacement of payments.

We have a loan with Bank United. Nestor actually goes into the Bank United branch to make our payments. He always gets a receipt and logs exactly the time of the payment.

So we get a call from Bank United saying that we are late on our payments and that we did not make last month's payment. This is not true. So Nestor pulls out the receipts and discusses the situation. Well, they found our payments and what they did was apply our payments only to the principle which of course shows up in the system as we had not made this month's payment.

Then we started getting calls from our clients who also said they are getting calls from Bank United that their payments were late when in fact, they had made their payments. The same error had occurred. Their payments were being applied to principle. Another reason to always document everything you do with lenders and banks.

Then they made a deal with National Quick Sale who is a third party short sale negotiating company.

The biggest problems agents have with National Quick Sale is that they charge the agent 1% to do the short sale which had to come out of the commission of the agents. But many times the agents are doing the short sale negotiations and have no idea NQS is involved until the short sale is approved. Bank United does not disclose on the onset of you turning in a short sale package to Bank United that you are going to be charged 1% fee so if you don't know this already you may get surprised in the 11th hour.

But lately Bank United has been pulling their short sales away from NQS. The biggest issue is that Bank United started to participate in the HAFA program. The HAFA program does not allow for this "technology fee" to be paid to third parties. So if you have a HAFA short sale then most likely, you will get pulled out of the NQS system.

Now suddenly we see a new company come into the game from out of nowhere saying they are now negotiating short sales for Bank United.

I wonder what these guys are doing or what they are going to charge without telling anyone?

I think I know what Nestor is going to be doing tomorrow! Since we know executives at Bank United, they will be getting an earful from Nestor regarding these new policies.

This story is not over... stay tuned... part 2 is next- What Bank United did to one of our sellers.

Would $20,000 Motivate You To Do A Short Sale Instead Of Walking Away?

Nestor and Katerina Gasset — Tue, 11 Jan 2011 03:10:00 GMT

Florida Foreclosure Options- Do You Have A Chase Mortgage? You may just qualify for up to $20,000 in moving expenses upon closing your short sale.

What are the requirements? This is a Chase program called, " Foreclosure Outreach Program".

The first step is to contact us, Nestor and Katerina Gasset at International Properties and Investments Inc at 561-753-0135 to get your short sale started.

Greenacres Florida Condo For Sale - 3065 Grandiflora Dr

Nestor and Katerina Gasset — Mon, 10 Jan 2011 14:59:00 GMT

• 1,036 sq. ft., 2 bath, 2 bdrm single story - MLS® $124,777

Palm Beach County, Florida - Greenacres Fl townhouse for sale in Magnolia Bay Condo - This is Not A Short Sale - 2 bedrooms, 2 bathrooms, approximately 1036 sq ft, with carpet and ceramic tile flooring, with granite counter top, with modern kitchen appliances, with one car garage, and with access to the community pool.

Property information

West Palm Beach Florida Short Sale - 3004 Shoma Dr

Nestor and Katerina Gasset — Mon, 10 Jan 2011 14:44:00 GMT

• 1,932 sq. ft., 3 bath, 3 bdrm single story - MLS® $84,777

West Palm Beach, Palm Beach County - West Palm Beach Fl townhouse for sale in Shoma Townhomes - This Is A Short Sale - 3 bedrooms, 3 bathrooms, approximately 1932 sq ft - with walk in closet, with carpet and ceramic tile flooring.

Property information

Are Short Sale Lenders Interfering With Your Listing Agreement?

Nestor and Katerina Gasset — Fri, 07 Jan 2011 01:46:00 GMT

Are short sale lenders interfering with your listing agreement?

When you list a short sale you and your seller have a legally binding listing agreement known as a contract. This is a bi-lateral contract between you and the seller. There are no other parties signing this contract except you and the seller.

So when the lender calls your sellers to tell them that there is too much paperwork involved in a short sale and why don't they just cancel their listing and do a deed in lieu- do you consider that a tort interference of a contract? Tort interference is when one party "convinces another party to breach the contract". You must be able to prove you have a contract- the listing agreement in this case.

The seller is not the bank's client. They are a customer of the bank. The seller is a client of the agent in a short sale transaction most of the time. The bank's client is the investor who owns the note of which the bank is servicing. So the bank's client- the investor- is who the bank has a fiduciary duty to- not the homeowner.

I would love to hear some attorneys chime in on this one.

When the first lender did this to one of our sellers we wrote it up for ignorance but now this seems to be a new trend by the lenders. Actually in the last 3 weeks different lenders have called 4 different sellers to cancel their short sales and do deed in lieu.

Disclaimer: We are not attorneys and we are not giving you legal advice.

Short Sale Agents- What If Your Seller Does NOT Make A Move To Close?

Nestor and Katerina Gasset — Fri, 07 Jan 2011 01:18:00 GMT

What would you do if you had a short sale listing and the seller fought you every step of the way and then at the end of the day, after the acceptance letter is in his/her hand and their lender is NOT going to seek a deficiency, the buyer is ready to move in and the seller then wants an extension?

Are you as the listing agent owed your commission?

Well, it depends on what your listing agreement states. You would need to speak to your attorney about this.

And how do you avoid these types of situations?

There are homeowners who are told by their attorneys to list their home for sale as a short sale in order 'to buy' more time in their homes. While this may benefit a homeowner it is not benefiting the listing agent and prospective buyers. It may also violate MLS rules in the particular market the listing is in. You can not offer a house for sale that is NOT for sale. Attorneys can postpone foreclosures in many other ways other than using agents like this and being untruthful to the market.

While most agents do care about homeowners who want to remain in their homes they should not be used as pawns in this game of stalling foreclosures. What is worse is putting a buyer in the middle of this stalling. Even if you are a sellers' agent- you still owe any buyer common courtesy and decency. Having a buyer with a moving van all ready for closing with a seller who has not packed a thing is not at all what agents are about.

How do you as a short sale agents minimize these situations?

By doing short sale intake evaluations with every seller.
Make sure you are on the same page- explain what is expected from them.
Have disclosures and disclaimers drawn up allowing you to cancel a listing if the seller does not do their part in cooperating with their lender.

Agents need to make it clear to the sellers that they will eventually close on their short sale listing if they can an offer and if their lender accepts the terms of the short sale and if the seller accepts the terms their lender gives them.

Boca Raton Florida Short Sale - 19098 Two River

Nestor and Katerina Gasset — Thu, 06 Jan 2011 10:04:00 GMT

• 8,276 sq. ft., 3 bath, 5 bdrm single story - MLS® $549,777

Palm Beach County, Florida - This Is Short Sale. Beautiful home ready to move into. Great community with lots to do including Tennis, Basketball, game room and much much more. You will right at home in this waterfront home.

Property information

Wellington Fl Homes For Sale- Foreclosure Report

Nestor and Katerina Gasset — Tue, 04 Jan 2011 01:31:00 GMT

Wellington Fl Homes For Sale- Foreclosure Report

According to Realtytrac Wellington Fl currently has 223 bank owned properties and 671 properties that are in one stage or another of the pre-foreclosure status.

The number of bank owned properties has gone up over the last months but the pre-foreclosures are down. This may mean that for now the market in Wellington Fl may be stabilizing in the foreclosure area or it may mean that many people are still in the beginning stages of loan modification requests.

But if interest rates start to go up- homeowners who have adjustable rate mortgages may not be able to hold on to their homes.

Wellington Fl selling season is starting up. Here in Wellington Fl the winters are warm and we have a lot of people who come down for the season from up north. Now is a great time for you to buy a home here in Wellington Fl because prices are low and inventory is good. You are now able to buy a home for less than it costs to build one.

The Equestrian season is about to begin and we kick off the Winter Equestrian season here in Wellington Fl with the Palm Beach Steeplechase.

Wellington Florida Condo for Sale - 1647 Cabot Lane # 1A-6A

Nestor and Katerina Gasset — Tue, 28 Dec 2010 01:04:00 GMT

• 1,210 sq. ft., 2 bath, 2 bdrm single story - MLS® $249,777

Cabot Lane Condo, Wellington - For builders planning to construct chic luxury condos, this property is perfect for you! This 0.21-acre vacant lot has already been approved by The Village of Wellington to have 6 condo units built on it. What’s even better about this property is that the floor plan, which is remarkably spacious, and architectural designs have already been finished, so the only missing part of the puzzle is you!

Each unit has been designed to have two bedrooms and bathrooms, a screened enclosure balcony, a large living room with a stunning cathedral ceiling, and an immaculate kitchen. You also get to choose whether you want to include either lovely white, maple, or cherry kitchen cabinets! In addition, the elegant design illustrates modern granite counter tops and stylish kitchen appliances and the entire unit will be laid with tile, except for the bedrooms, which will be covered with luxurious velvet carpet. Two parking spaces will be allotted by the condo association for each unit.

The property is also close to fun recreational activities and the future residents won’t even have to pay for membership fees, they can just select the amenity they want! The community provides excellent access to a beautiful lake which everyone will surely enjoy.

Call us today to find out more about this property!

Property information

Wellington Florida Lot for Sale - 1647 Cabot Lane # A1-A6

Nestor and Katerina Gasset — Tue, 28 Dec 2010 00:37:00 GMT

Cabot Lane Lot

• lot / land - MLS® $249,777

Montauk Village Condo, Wellington - For builders planning to construct chic luxury condos, this property is perfect for you! This 0.21-acre vacant lot has already been approved by The Village of Wellington to have 6 condo units built on it. What’s even better about this property is that the floor plan, which is remarkably spacious, and architectural designs have already been finished, so the only missing part of the puzzle is you!

Each unit has been designed to have two bedrooms and bathrooms, a screened enclosure balcony, a large living room with a stunning cathedral ceiling, and an immaculate kitchen. You also get to choose whether you want to include either lovely white, maple, or cherry kitchen cabinets! In addition, the elegant design illustrates modern granite counter tops and stylish kitchen appliances and the entire unit will be laid with tile, except for the bedrooms, which will be covered with luxurious velvet carpet. Two parking spaces will be allotted by the condo association for each unit.

The property is also close to fun recreational activities and the future residents won’t even have to pay for membership fees, they can just select the amenity they want! The community provides excellent access to a beautiful lake which everyone will surely enjoy.

Property information

Chase Short Sale Approval in THREE DAYS!!!

Nestor and Katerina Gasset — Fri, 24 Dec 2010 01:08:00 GMT

Chase Short Sale Approval in THREE DAYS!!!

This one is for the history books! We did our happy dance with this short sale approval!

Negotiating the offer between the buyer and the seller took longer than it took us to negotiate the short sale with Chase and get the approval letter for the short sale.

The purchase price of the house was $750,000.

Nestor did a great job getting the seller a fully paid and satisfied lien release as well as NO deficiency to the seller! And he got it in writing from Chase!

This was a CASH transaction, no appraisal and Chase owned the note so it was only brought to committee which of course saves time. We also double ended it. The buyer did have their own attorney to represent them and also an agent who was not licensed in the state of Florida.

We closed within a few days of getting the acceptance letter and the buyers now have an Equestrian Center home for the Equestrian seasons here in Wellington Florida.