Find Your Home!

Wednesday, March 23, 2011

FSBO, Deed in Lieu of Foreclosure, Short Sale, Buying and Selling Your Brevard County Home, 55+ Communities in Viera…..It is all covered here!

This blog has over 1,600 short articles so far.  Occasionally I go back through the archives and read some of the earlier posts.

One that caught my eye was posted three years ago this week titled “Hey, I am retired.”

It tells of a situation where I was unsuccessful in my efforts to market a Viera house. [I do not like failure but it happens to all at some point.]

This property had been a for sale by owner for some time when I took the listing.  Although the seller came down on his price we never got away from pricing in the rear view mirrordrop the prices after others had sold.

After the listing expired it became a FSBO again for awhile.  After a couple of years it was turned over to the lender in a transaction known as a deed in lieu of foreclosure.

Deed-in-lieu of foreclosure: A deed-in-lieu of foreclosure is a cancellation of your mortgage if you voluntarily transfer title of your property to your mortgage company. Usually you must try to sell your home for its fair market value for at least 90 days before a mortgage company will consider this option. A deed-in-lieu of foreclosure may not be an option if there are other liens on the property, such as second mortgages, judgments from creditors, or tax liens.

This post was not meant to chronicle any particular topic but rather to say if you are looking for information on Brevard County, Florida real estate, look here.  I have probably covered it in the past five years.



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