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Tag Archives for " Gainesville Foreclosures "
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Gainesville – Distressed Sales Still Depress Home Prices

Gainesville – Distressed Sales Still Depress Home Prices – According to CoreLogic’s December 2011 Home Price Index, prices of homes nationwide went down almost 5 percent from 2010 to 2011. The culprit, according to CoreLogic, is likely to be the high prevalence of distressed sales. Prices dropped only by 0.9 percent if you eliminate distressed sales in the picture.

Downward pressure on home prices is expected to continue until distressed sales go down, according also to CoreLogic. Prevalence of foreclosures,such as Gainesville foreclosures, continues to restrain home prices from going up.

The states highly affected by this decline since the peak of the housing boom are Arizona, Florida, Nevada, California, and Michigan. High occurrence of foreclosures have been recorded in these states as well, according to a study presented by AOL Real Estate in February this year.

It is reported that in 2012 and 2013, millions more homes are expected to be added to the 2 million homes bugged down by foreclosure in 2011.

Filings of foreclosure – Gainesville Foreclosure– significantly declined in 2011 and it has been believed by experts that this event was due to the government’s initiative to repress banks from foreclosure abuses which include “robo-signing” – bank employees sign foreclosure documents without careful review.

Other Articles to Read:

Gainesville Short Sale Buyer Advantages

Short Sale Process – What to Expect

Gainesville Short Sales Hiring Incompetent Short Sale Agent

Do I Have to Pay for the Real Estate Agents Commission?

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals. Gainesville Short Sale Agents

  

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Gainesville Florida Renter Rights During Foreclosure

Gainesville Florida Renter Rights During Foreclosure

Gainesville Foreclosure News: “Protecting Tenants at Foreclosure Act” (PTFA) is part of the “Helping Families Save Their Home Act of 2009” (S.896). It gives protection to tenants who live in homes that are bound to foreclose. This law was supposed to end at the end of 2012 but has been extended recently to December 31, 2014.

HUD –approved housing counselors are groomed in giving helpful advice for free.
If you are a tenant in the midst of a foreclosure dilemma, it will be wise for you to seek professional advice from these counselors. Click here to view HUD’s website.

http://portal.hud.gov/portal/page/portal/HUD/i_want_to/talk_to_a_housing_counselor

Additional Foreclosure News Information:

Florida Statutes, Chapter 83, Part I

This applies to nonresidential leases and the rights of the tenants in residential leases are covered in Part II. The statute states the lease requirements and the rights and responsibilities of both the tenant and the landlord. Although specific guidelines for the foreclosure of rental property are not expressed in the statute, the provisions that were included provide insights on how renters may respond in such circumstance in accordance with their rights.


Provisions for Gainesville Tenants with and Without a Lease

Existence of a legitimate lease will determine the renter’s eligibility to be under the PTFA’s protection. Renters under a lease have the freedom to stay in the home until the lease period expires. They will have enough time to look for other homes to live in during this grace period. A 90-day notice of the foreclosure action and tenancy termination will be given to tenants renting monthly or at will.

Tenant may get paid to end Gainesville Florida lease

Gainesville Florida Foreclosure News reports that the owner of homes who would like to move in the house right away have the option to offer “cash for keys” – The short sale bank offers payment to the tenant in exchange of forfeiting their lease – to the renters leasing the home. This is usually practiced in homes that are being foreclosed.The renters who enter into this kind of agreement are expected to leave the home clean and everything in good condition.
The short sale bank will offer a payment to the tenant and in return, they will have to forfeit their lease.

The lease becomes legitimate by law when:
1. The lease was out of an arms-length transaction;
2. The lease requires the receipt of rent that is not considerably below fair market rent for the home or the unit’s rent is minimized by a Federal, State, or local subsidy; and
3. The mortgagor or the spouse, child, or parent of the mortgagor under the lease is not the tenant.

Other Articles to Read:

Gainesville FL Foreclosure News – Loan Modification Failures Are Rising

Banks to Prove they Own Note to Foreclose

Gainesville Short Sales – Mortgage Relief For Unemployed

Avoid Notice of Default – Refinancing Balloon Mortgages

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

Gainesville Short Sales – What is a HOA Foreclosure?

Gainesville Short Sales – What is a HOA Foreclosure? HOA foreclosures in Gainesville Florida and state wide have become a huge problem for homeowners that are delinquent on their HOA fees. HOA stands for “ Homeowners Association”. HOA foreclosures have been a growing problem for some time now. Most people do not know that their HOA is even legally capable of doing such a thing, however with these foreclosures on the rise many homeowners are finding out the hard way that this is a reality.

Just about half of the states allow “non judicial foreclosures” meaning that HOA’s are legally able to foreclose on homes due to homeowners becoming delinquent on their fees. Even in the states that require approval for an HOA foreclosures, the HOA normally wins. Florida is a “Judicial” state. With how the law currently sits, no matter how small the delinquent amount is an HOA has the grounds to proceed with a foreclosure, especially if the homeowner has uncured interest and fines.

HOA foreclosure in Gainesville process normally goes something like this: a homeowner becomes delinquent on their dues, the HOA attorney places a lien on the property, then runs an ad in the local paper announcing the homes legal status and once that is done the home is auctioned off. The homeowner has no right to a hearing and no right to confront their HOA board!

HOA’s have been around for a very long time, since the 1920’s. The primary role of an HOA is to enforce standards in a community and make sure its community members are following the regulations and the rules of the community. HOA’s responsibilities range anywhere from basic maintenance functions to extensive upkeep of the property.

Some HOA’s in Florida are so desperate and financially strapped for money that the actions they are taking seem to go to extreme lengths to collect the past due fees. One of the most extreme actions at their disposal is filing a foreclosure on a homeowner that is delinquent on the HOA fees.

Unfortunately Florida law does not impose any minimum dollar amount owed before an HOA can start a HOA foreclosure in Gainesville proceedings on a homeowner that has become delinquent in fees. Late fees, interest, and attorney fees are added to the amount owed to the HOA, and the total amount that is owed to the HOA can end up being thousands and thousands of dollars.

I cannot stress this enough that when you are facing foreclosure on your home
, you will need to find all of the information available to you. You will need to do your homework and seek professional legal help to get the advice necessary to make a sound decision on what you are going to do and all of the options that are available to you.

Once you have made a decision to pursue an alternative option to foreclosure and would like more information regarding these matters we advise you to choose someone that has extensive experience and knowledge in the foreclosure and short sale process. Laws and procedures are always changing, you will want to find someone that has the most current information available. The success of your short sale option will depend on this. For more information on the foreclosure process, foreclosure alternatives, short sales, HAFA and the HOA foreclosure in Gainesville process please call our office to speak with one of our experienced agents.

Other Articles to Read:

Real Estate Agents In Gainesville: Understanding FICO Scores

Gainesville Short Sales Update: If You Have A Short Sale Or Foreclosure, You May Owe Federal Income Taxes In 2013

Banks Are Calling Homeowners To Solicit Short Sales

Why do Short Sales Not Close?

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.
Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.