60 Minutes reports on wrecking ball used to fight foreclosure epidemic; 11,000,000 property owners nationwide owe more than their homes are worth! Tick-tick-tick! Cameras capture head-shaking reality: cities throughout the US are bulldozing abandoned properties. Banks foreclose and abandon properties, forcing cities to confront blight. You will have trouble believing the following 13 minute video [...]
7270 Mauna Loa in Lake Sarasota avoids foreclosure: 2nd lien holder signs off for pennies; appraiser finds value & inspector gives thumb’s up to roof. Selling Sarasota real estate these days definitely requires many stars to align…perfectly. With this sale, we struggled to: 1. Short 2nd lien holder – nobody wants to accept less than [...]
6428 Tarawa Drive in Sarasota offers a pleasing floor plan, upgraded kitchen and excellent location near Lakeview Elementary School, shopping, Doctors Hospital & I-75. This home, built in 1979, features 3 spacious bedrooms, 2 baths, 1593 sq. ft. living space, upgraded kitchen, LOTS of bright sunshine, swimming POOL & fenced backyard. As of today (December [...]
Some real estate agents, struggling to earn a living, have turned to performing “broker price opinions” as a CHEAP alternative to the appropriately trained real estate property appraisers – to the homeowner’s detriment. Banks pay real estate agent $50-$80 bucks for full interior “bpo.” Banks pay real estate property appraiser ~$250.00 to conduct full interior [...]
Sarasota County wants to help house hunters grab keys to their new homes, offering eligible buyers up to $20,000 in down payment & closing cost assistance. The Sarasota Down Payment Assistance Program provides a *Shared Appreciation Mortgage Loan (SAM) to low-income first-time home buyers by paying a portion of their down payment and closing costs [...]