As the 2008 year seems to limp away and 2009 awaits us, I wanted to highlight a few posts that I have made over the past year pertaining to short sales, REO and Bank Owned properties in Brevard County Florida. The links below will provide access to these posts however I encourage you to explore this blog, www.moving2brevard.blogspot.com, for other posts which may be of interest. A quick summary of these terms:
- Short Sale. A sale where the probable sales price and proceeds are less than the mortgage owed. These sales are time consuming (for buyers and sellers) and require third party (lender) approval.
- REO. This is just an acronym for Real Estate Owned (read that as owned by the lender. These are properties that have already been foreclosed.
- Bank Owned Properties. The same as REO...already owned by the bank!
If you are in the market as a buyer or seller in Viera, Suntree, Rockledge or Cocoa Florida, please give me a chance to be your real estate agent. I can be reached at 321-693-3850 or email me at firstname.lastname@example.org. Also, please take a look at my other blog here.
Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.