<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
    <channel>
        <atom:link href="http://www.bocaexpert.com/blog/short-sales/rss/" rel="self" type="application/rss+xml" />
        <title>Gloria Singer's Real Estate Blog</title>
        <link>http://www.bocaexpert.com/blog/short-sales/</link>
        <description>Gloria Singer's real estate blog will provide you with valuable information about the Boca Raton real estate (and surrounding area) scene.</description>
        <item>
            <guid>http://www.bocaexpert.com/blog/amazing-deal-on-new-long-lake-estates-listing-you-must-check-out-this-short-sale.html</guid>
            <link>http://www.bocaexpert.com/blog/amazing-deal-on-new-long-lake-estates-listing-you-must-check-out-this-short-sale.html</link>
            <author>singer.marni@gmail.com (Singer Marni)</author>
            <title>Amazing deal on new Long Lake Estates listing! You must check out this short sale!</title>
            <description> <![CDATA[ 
 





 


You will not believe this amazing new deal in Long Lake Estates that was just listed with Boca Expert Realty! This is a short sale -- pre-approved by the lender!


Come and check out  the nearly 4,000 square feet of living space on a lush 1.17 acre where this fantastic home with endless possibilities is located.  The spacious home features six bedrooms, including a sizable master suite and a private two-bedroom guest suite with a separate entrance. The home’s various bedrooms can be used and configured in a multitude of ways to fit you and your family’s specific needs. You will also find  a huge pool and patio, a large, eat-in kitchen, modern appliances, and a three car garage!


 


 One of Boca Raton’s premier gated communities, Long Lake Estates is home to around 120 single family homes, each on over one acre of land. The luxurious community is centrally located in Boca Raton, close to Mizner Park, the Boca Raton Resort and Spa, the Atlantic Oceanfront, and other shops and conveniences. Don’t miss this incredble opportunity in Long Lake Estates real estate- find out more about this home today!
 ]]> </description>
            <pubDate>Tue, 24 Apr 2012 16:43:00 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.bocaexpert.com/blog/just-sold-7666-cypress-crescent-in-montoya-circle-in-boca-raton-this-was-a-short-sale.html</guid>
            <link>http://www.bocaexpert.com/blog/just-sold-7666-cypress-crescent-in-montoya-circle-in-boca-raton-this-was-a-short-sale.html</link>
            <author>singer.marni@gmail.com (Singer Marni)</author>
            <title>Just Sold! 7666 Cypress Crescent in Montoya Circle in Boca Raton! This was a short sale! </title>
            <description> <![CDATA[ 
Gloria listed this property in Montoya Estates in the Montoya Circle neighborhood in Boca Raton. It is a three bedroom home with a garage which was converted to a fourth bedroom. It is in a great location walking distance to Boca Raton Synagogue. The house just sold for $245,000 in a short sale. Although the seller purchased the house in 1993 for $118,000, they had refinanced when values were higher and subsequently were upside down on their mortgage and had to seek bank approval to sell their home for less than the current mortgage balance. These happy buyers got a gem of a deal for Boca Raton real estate in a fantastic location!This Boca Raton short sale took five months from the time the short sale package was submitted to the bank to the short sale approval date. Short sales require a lot of patience as they do take generally from three to six months to obtain approval, but it is possible to get a great property at a great price.





Gloria Singer has successfully closed many Boca Raton short sale listings for her clients. Call her now for more information 561-866-7584 if you need to sell your house and you owe more than it is currently worth.
 ]]> </description>
            <pubDate>Mon, 28 Nov 2011 11:36:50 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.bocaexpert.com/blog/just-sold-4-br-home-in-symphony-bay-in-boca-raton.html</guid>
            <link>http://www.bocaexpert.com/blog/just-sold-4-br-home-in-symphony-bay-in-boca-raton.html</link>
            <author>gloria@bocaexpert.com (Gloria Singer)</author>
            <title>Just Sold! 4 BR Home in Symphony Bay in Boca Raton!</title>
            <description> <![CDATA[ 





Another
 short sale, another great deal! This 4 bedroom,  2.5 bath, 2,552 sq. ft
 home in Symphony Bay was originally listed for sale at $289,000 in 
August and just sold by our buyer’s specialist, Karen Rothstein, for 
$265,000, under current market value. Karen’s client is thrilled to have
 found this spacious and updated 2 story single family home with tile 
and wood flooring throughout in a highly sought after community. This 
home, built in 1995, has an updated kitchen with granite counter tops 
and stainless steel appliances, beautiful draperies, newer AC and hot 
water heater and a pool. This was a fabulous value in a beautiful West 
Boca Raton community with low monthly HOA’s and A+ schools. 


 






 ]]> </description>
            <pubDate>Tue, 11 Jan 2011 12:14:47 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.bocaexpert.com/blog/2010-montoya-circle-real-estate-market-wrap-up.html</guid>
            <link>http://www.bocaexpert.com/blog/2010-montoya-circle-real-estate-market-wrap-up.html</link>
            <author>gloria@bocaexpert.com (Gloria Singer)</author>
            <title>2010 Montoya Circle Real Estate Market Wrap-Up</title>
            <description> <![CDATA[ There were a total of only 23 closed home sales in the Montoya Circle Boca Raton
 neighborhood in 2010, comparable to the 24 which closed in 2009. Both 
these past years saw a decline of the numbers in recent previous years. 
Of this years Montoya Circle sales, six were short sales, and two were bank owned properties.
 The trend towards lower prices continued, especially in the lower end 
townhomes and homes in Montoya Estates and Captiva, as there is more 
supply than demand in the under $400,000 price range. Two homes in 
Montoya Circle sold for $1,000,000 in the past year, which were the 
highest priced properties which sold in the neighborhood. The community 
is characterized by its proximity to the popular Boca Raton Synagogue and continues to attract residents that require a location that is walking distance to the synagogue. Considering
 that there are approximately 750 housing units in the various 
subdivisions of Montoya Circle, completed sales of only 23 properties 
(only 3% of the available homes) is an indication of extreme stagnation 
in this particular market. It appears that the only homes selling are 
those which are either in distress (short sales and foreclosures) or 
with motivated sellers who are willing to be realistic about the current
 market. Here
 is a rundown of each Montoya Circle community. Overall there are 26 
listings for sale, 7 of which are under contract, so there is an 
approximately one year supply of inventory (based on the current rate of
 sales it would take a year for all the existing listings to sell if 
there are no other new listings coming to market). Please click on the 
subdivision name to see all current listings for sale in the community:BOCA HAMLET: 2 Active listings( as of Jan 5, 2011), one closed sale for $1,000,000. THORNHILL GREEN: 2 Active listings, 3 closed sales (two of which were short sales).THORNHILL ESTATES: 1 Active listing, 1 listing under contract, two closed sales (one short sale closing)THORNHILL MEWS: No current listings, one closed short sale in 2010.CAPTIVA:
 3 Active Listings, 3 Listings under contract, 6 closed sales (one bank 
owned, one short sale). Captiva has had great activity this year 
partially because they do not restrict rentals therefore it is 
attractive to investors, and a single family home can be bought for an 
affordable price. The bank owned sale closed for a steal price of 
$150,500- although it needed a lot of work- and had previously closed in
 June of 2005 for $390,000!!! ~ a less than 50% reduction in price.LAS BRISAS: No listings or sales in the past year.THORNHILL VILLAGE: One active listing, One bank owned sale.MONTOYA ESTATES: 2 active listings, one under contract, two closed sales.BOCA PATIO VILLAGE: No listings, one closed sale.PALACIOS DEL MAR: One active listing, no sales.LAGO DEL MAR:
 Another active development with six active listings, two under 
contract, and four closed sales. The most recent Lagos are now going for
 $160,000.If you are interested in buying or selling Montoya Circle Real Estate, you should contact me now.
 I have represented both buyers and sellers in a significant portion of 
these transactions. My experience will guide you through this ever 
challenging real estate market! ]]> </description>
            <pubDate>Wed, 05 Jan 2011 11:06:54 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.bocaexpert.com/blog/just-sold-short-sale-in-boynton-beach.html</guid>
            <link>http://www.bocaexpert.com/blog/just-sold-short-sale-in-boynton-beach.html</link>
            <author>gloria@bocaexpert.com (Gloria Singer)</author>
            <title>Just Sold! Short Sale in Boynton Beach!</title>
            <description> <![CDATA[ 


The buyer of this charming Boynton Beach real estate
 2 bedroom, 2 bath home of 1,292 square feet in Boynton Lakes &nbsp;got a 
fabulous deal. Gloria listed this home as a short sale to sell in August
 and an offer was accepted at the asking price of $115,000 after just 2 
weeks! This adorable home is located on a quiet street on a cul-de-sac. 
The 2 screened-in patios allow for 2 beautiful outdoor living spaces, 
one just off the kitchen and living room and the other just off the 
master bedroom. The 2 car garage, updated eat-in kitchen with pantry, 
bahama shutters, plenty of storage space and great location near the 
community pool, and clubhouse made this home that was priced right sell 
quickly! The sellers bought this house in May 2006 for $254,000. As they
 bought in the height of the market, it is very interesting to see how 
far prices have come down. The buyer paid less than half of what the 
house was at the peak! This Boynton Beach short sale closed in less than three and a half months from contract to close, which is just about average in this market.

&nbsp;
 ]]> </description>
            <pubDate>Mon, 13 Dec 2010 11:30:15 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.bocaexpert.com/blog/short-sale-just-sold-in-tivoli-reserve.html</guid>
            <link>http://www.bocaexpert.com/blog/short-sale-just-sold-in-tivoli-reserve.html</link>
            <author>gloria@bocaexpert.com (Gloria Singer)</author>
            <title>SHORT SALE! JUST SOLD IN TIVOLI RESERVE!!!</title>
            <description> <![CDATA[ 


&nbsp;


SHORT SALE JUST SOLD IN TIVOLI RESERVE!!!! 


Gloria listed this fabulous 4 bedroom home in Tivoli Reserve
 in Boynton Beach on July 20th, 2010. Tivoli Reserve is a very popular 
active adult (55+) community in a great location of Boynton Beach. This 
was a short sale and it really moved fast. The lucky buyers got a great 
deal on a fabulous upgraded Roma model that featured a stunning gourmet 
kitchen, spacious master suite, and gorgeous back patio area with a 
tranquil pool and spa. The satisfied seller is very happy to have sold 
so quickly in this market. The seller purchased this home brand new from
 the developers in 2003 for $401,696. The new owners just paid $350,000.
 If you are interested in selling your house, and you are also 
underwater and need to consider your options, please contact Gloria for a
 short sale consulation. We are getting our Boca Raton area short sales sold, and it is a great way to minimize the damage to your credit and allow you to move on with your life!



&nbsp;
 ]]> </description>
            <pubDate>Tue, 16 Nov 2010 14:35:59 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.bocaexpert.com/blog/just-listed-short-sale-2-br-villa-in-best-area-a-schools.html</guid>
            <link>http://www.bocaexpert.com/blog/just-listed-short-sale-2-br-villa-in-best-area-a-schools.html</link>
            <author>gloria@bocaexpert.com (Gloria Singer)</author>
            <title>JUST LISTED! SHORT SALE! ~2 BR VILLA IN BEST AREA~ A+ SCHOOLS</title>
            <description> <![CDATA[  
&nbsp;

Terrific Short Sale Opportunity in Sierra Del Mar in Boca Raton! This prime Boca Raton Real Estate is located in A+ school district; Del Prado Elementary, Omni MS, and Spanish River HS. This private, 2 bedroom villa has a fenced in backyard patio, a spacious master bedroom with his/her closets and an updated kitchen that features maple wood cabinetry and a granite counter top. The spacious sunken living room has soaring cathedral ceilings and a custom mosaic fireplace as its focal point. The private backyard and patio has an in ground jacuzzi/spa and is surrounded by lush landscape and a fence. Just beyond the fence is a beautiful park and lake with walking/jogging trails. This Boca Raton home is close walking distance to worship, shops, and restaurants. Pets are welcome. The monthly HOA fee covers maintenance of the exterior of the home, the common area, lawn care, and cable. 

Additional Info:

HOA Fee:&nbsp; $175 per month 

Price: &nbsp; Asking $189,000

Address:&nbsp; 7529 Sierra Dr E, Boca Raton, FL 33433 
 ]]> </description>
            <pubDate>Fri, 12 Nov 2010 10:46:55 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.bocaexpert.com/blog/just-sold-in-courtside-of-broken-sound-country-club-this-was-a-short-sale.html</guid>
            <link>http://www.bocaexpert.com/blog/just-sold-in-courtside-of-broken-sound-country-club-this-was-a-short-sale.html</link>
            <author>gloria@bocaexpert.com (Gloria Singer)</author>
            <title>Just Sold in Courtside of Broken Sound Country Club ~ This was a Short Sale</title>
            <description> <![CDATA[ 
&nbsp;

I just sold this gorgeous courtyard home in the Courtside subdivision of Broken Sound Country Club. For those of you who don't know the lingo, a Courtyard Home is one in which the swimming pool and patio are in the front of the house. You usually enter through the entrance doors into a courtyard and then the front door of the house is through the courtyard. Many courtyard homes in Boca Raton have detached guest houses as well.

&nbsp;

This stunning home in Broken Sound Club has four bedrooms and four baths in the main house, in addition to a one bedroom suite guest houses. It has beautiful Brazilian wood floors throughout, and over 3400 square feet in total.&nbsp;

Broken Sound Club is an equity country club in a fabulous central Boca Raton location.&nbsp;

This was a Boca Raton short sale, which was subject to the lender approving a short payoff of the loan. My lucky buyer was able to acquire this special property for $537,000. It was originally listed in August of 2009 for $815,000. The sellers paid $730,000 for the house in May 2005. The entire short sale process took only about three months from contract submission to the successful closing. When a short sale works out like this, everyone benefits: The buyers got a great house at a fantastic price; the lender ends up netting more than in a forecosure; and the seller is able to avoid foreclosure and get a fresh start financially. A winning proposition!&nbsp;

Please call me if you are underwater on your mortgage and want more information about selling in a short sale.

&nbsp;




 ]]> </description>
            <pubDate>Wed, 23 Jun 2010 11:31:50 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.bocaexpert.com/blog/short-sale-myth-1-boca-raton-short-sales-do-not-get-approved.html</guid>
            <link>http://www.bocaexpert.com/blog/short-sale-myth-1-boca-raton-short-sales-do-not-get-approved.html</link>
            <author>gloria@bocaexpert.com (Gloria Singer)</author>
            <title>Short Sale Myth #1: Boca Raton Short Sales Do Not Get Approved</title>
            <description> <![CDATA[ 
With short sales making up over twenty percent of all Boca Raton real estate listings, and over thirty percent of those listings under $400,000, it is time to answer some commonly held questions and misperceptions about short sales.

SHORT SALE MYTH #1: Short sales take 9-12 months and do not get approved. 

This is the most difficult part of a short sale process for both buyers and sellers. The lenders are slammed with files and do not always respond promptly. And it is true that the lender will not look at a file without an executed purchase contract. However, I am finding that the process is becoming more streamlined and it is possible to get a response in a more timely manner. The average process is as follows:&nbsp; Once there is an executed contract subject to lender approval, the contract along with the sellers hardship letter, tax returns, bank statements and financial statements are submitted to the lender. It usually takes a couple of weeks for the lender to then open a file and assign a negotiator. The next step involves the lender sending out an agent to do a BPO (Broker Price Opinion). This is similar to an appraisal of the property. The lender will usually accept an offer of approximately 85-90 percent of the BPO value. The negotiator generally works with the file for approximately 30-60 days before we hear a response. Then of course if all is agreed to, there is another 30-45 days until closing. So in the best case scenarios it is a process that takes 3-4 months to close. And it can take longer, especially if the buyer becomes impatient and backs out. Then a new buyer has to be found, a new contract executed, and the process begins all over again. 

I have successfully negotiated many short sales resulting in approval. The shortest was two months and the longest was approximately five months. I negotiate short sale approvals each and every day.&nbsp;

Please check back for the next post addressing SHORT SALE MYTH #2: You must be in default on your mortgage to successfully negotiate a short sale. 

&nbsp;
 ]]> </description>
            <pubDate>Thu, 13 May 2010 15:48:16 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.bocaexpert.com/blog/karen-rothsteins-first-blog-post-about-finding-a-good-boca-raton-real-estate-deal.html</guid>
            <link>http://www.bocaexpert.com/blog/karen-rothsteins-first-blog-post-about-finding-a-good-boca-raton-real-estate-deal.html</link>
            <author>karen@bocaexpert.com (Karen Rothstein)</author>
            <title>Karen Rothstein's first Blog Post- About finding a good Boca Raton real estate deal</title>
            <description> <![CDATA[ 
&lsquo;IF YOU CAN FIND ME A &ldquo;GREAT DEAL&rdquo; PLEASE LET ME&nbsp;KNOW&hellip;THATS WHAT I AM LOOKING FOR!&rdquo;
&nbsp; 
This is probably the most frequent request I hear when working with a&nbsp;buyer looking for Boca Raton real estate. &nbsp;Of course I havent met anyone who has said, &ldquo;price doesnt matter&rdquo;. The truth of the matter is really quite simple. Its all inventory whether it is a Boca Raton&nbsp;short sale, Boca Raton Foreclosure or a regular deal (an arm's length transaction between a&nbsp;motivated buyer and seller).&nbsp;What is different about each one of those sales is the process that you undertake to purchase the home. 
&nbsp; 
Yes, it is important to know the difference between a short sale and a foreclosure because since the process is different, a short sale or foreclosure may not be a viable option for you. For instance, a short sale can be a lengthy process which will require patience and may ultimately not work out. That is why, as a Boca Raton Buyers Agent, &nbsp;it is so important for me to understand why you are buying or thinking about buying a home. I may ask a lot of questions in the beginning, but that streamlines the buying process and eliminates a lot of mistakes that other less experienced realtors may make.
&nbsp; 
What I try to educate my clients on is that they should be more concerned with market value and recent closed sales in the neighborhood, especially if they are taking a mortgage. That is how the value of a &ldquo;great deal&rdquo; can be identified. 
&nbsp; 
For example: if a Boca Raton house was listed for $400,000 and then you see the words &ldquo;Reduced $100,000&rdquo; in an ad it may seem like that is a&nbsp;great deal. However if the house is really worth $250,000 based on recent comparable sales, then it is still an overpriced home. A good Realtor, who knows the area and the market, will not be fooled by those words. Part of my job is to educate you on the values in each specific neighborhood.
&nbsp; 
I can always be reached by email: Karen@bocaexpert.com or by phone: 561 706-7115. If you are seriously looking for a home, let me help you by identifying market price of homes so you know if you are truly getting a &ldquo;great deal&rdquo;.
&nbsp; 
Ps. I would be happy to explain the difference between short sales and foreclosures to those of you who are unfamiliar with the difference&hellip;.call me!
&nbsp; 
~Karen~
&nbsp;&nbsp;&nbsp;&nbsp; 

&nbsp;&nbsp;&nbsp;&nbsp; ]]> </description>
            <pubDate>Thu, 22 Apr 2010 11:09:02 -0400</pubDate>
                    </item>
    </channel>
</rss>
