CHASEWOOD REALTY ADVISORS

Chances are, you or someone you know in Florida, including Palm Beach, Martin or Broward Counties, is facing the possibility of foreclosure. But you need to understand that you are not alone. Today, nearly 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged. Through our experience handling distressed properties at Chasewood Realty Advisors, we've found that Florida Homeowners today have more questions than answers about their circumstances. We have created this site to help you understand the possible solutions to … [Read More...]

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved. But to be technical, here's a more official definition: A homeowner is 'short' when the amount owed on his/her property is higher than current market value. A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept … [Read More...]

Step 1 Get mentally prepared for the lengthy short sale process. It requires a lot of persistance and paperwork to get it approved. But, if your lender agrees and we get your short sale approved - you could be forgiven of your debt! You avoid foreclosure and the deficiency worries that linger as a result! To get started: set up an appointment. Give us a call at (561) 901-3333… or fill out your information here. Step 2 Gather the following documentation. This is supporting paperwork all lenders request when evaluating your request for a short sale. Please click here to download a checklist.  Hardship Letter Tax Returns - last 2 years Financial Statement - showing your monthly income and expenses (in most short sale … [Read More...]

A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs. Myth #1 – The Bank Would Rather Foreclose than Bother with a Short Sale This is one of the most common misconceptions. The reality is that banks do not want to foreclose on your property because the foreclosure process is incredibly costly. Banks, investors, and even the federal government have all publicly stated that if a person is qualified for a short sale, the deal needs to be considered. Overwhelmingly, banks receive more on their … [Read More...]