SOLD!!! Call me for others available!

This Bank Owned Three Bedroom, 2 Bath with a 2 car garage and 1410 square foot under A/C.  It is priced W-A-Y less than similar homes in this great Casselberry neighborhood.  Close to schools, major roadways, and shopping.  Call Andy at 407-842-7700 for more information.  Or drive by 1025 Crystal Bowl Circle and THEN call me!

That’s exactly what my clients Tricia & Jim just did!  They are newlyweds and wanted to get out of the apartment complex they were in.  When things broke, the manager would never fix them, so Jim figured if he was fixing things anyway, it might as well be on his OWN house!

I was able to help them find a beautiful 3 bedroom, 2 bath in a great neighborhood in Longwood.  It has a big 2-car garage, a family room, a living room, a formal dining room AND the kitchen had already been remodeled! It was bank owned and it needed a little bit of cosmetic work like some paint, carpet, and the shower redone, but overall it passed the home inspection and termite inspection with flying colors!  In the end, they should have well over $50,000 in equity!  And we even got the Seller (the bank) to pay $6,000 of their closing costs for them!

Would you like me to help YOU find a house like that in Seminole County?  I specialize in finding your next home at great discount prices.  My background in the Foreclosure industry for almost 10 years has given me great insight into how the banks think and that lets me find the best deals.

Call me today to schedule a consultation over the phone.  It will cost you nothing but could make you thousands when you buy a home (just ask Tricia and Jim and their $50,000 +++ equity!  They could actually re-sell that house right now and make money…but I don’t think they’re going to!)

Andy Tolbert

407-842-7700

p.s. I’m the one in the light blue shirt in the picture!

Yes, it’s official, yesterday Governer Crist and other lawmakers decided to NOT let criminals with certain crimes on their records get a mortgage broker’s license. WOW! We are such a progressive state (that’s sarcasm by the way!)

Florida has always had a policy on this. Way back when I got my license (I think ‘96?) I had to go to the police station and have my fingerprints taken, supposedly for a background check. And yes, thank you, I passed! And so did my husband, Tim.

Would you, and should you, trust someone that is a former bank-robber or drug dealer with your most private information (including your social security number, bank accounts, etc.)?

Absolutely NOT. I firmly believe that there is nothing wrong with interviewing your mortgage broker or real estate agent and find out if THEY are the right ones to be working with. Go ahead. I’ve got nothing to hide!

Here’s a link to an article about this topic: http://www.floridarealtors.org/NewsAndEvents/n1-081308.cfm

Ready to buy a foreclosure bargain house in Seminole County? Call me today and let’s see if we will be able to work together! Yes, it’s a 2-way decision!

I get this question all the time, and there’s a lot of misinformation floating around out there, so I decided to get you some clarification.  This is as of 8/1/08 guidelines.

Please note, this is Fannie Mae’s Guidelines, so FHA, VA, and other types of loans will differ.

Chapter 7 Bankruptcy (liquidation):  4 years from the discharge or dismissal date

Chapter 13 (repayment plan):  2 years from discharge (paid as agreed) or 4 years from dismissal (kicked out)

Extenuating Circumstances: reduced to 2 years.

Multiple Bankruptcies:  5 years (exceptions may reduce it to 3 years)

Foreclosure:  must wait 5 years from the date of completion, and then from years 5-7, must put minimum 10% down and must have a credit score of 680 or more.  Primary residence only.  (extenuating circumstances can reduce it to 3%)

Deed-in-lieu-of-foreclosure: must wait 4 years from the date you deed property back to lender.  Then from year 4-7 may require a larger downpayment. (extenuating circumstances: reduced to 2 years, but still may need larger downpayment from year 2-7)

Short Sale / pre-foreclosure sale:  2 years with no additional requirements or guidelines. (no extenuating circumstances)

As you can see from the guidelines, a short sale is better than a deed in lieu, and a deed in lieu is better than a full-blown foreclosure.

Hopefully this will help folks out who are facing tough decisions.

Here’s a link to see the actual FNMA guidelines that were released.

AndyTolbert

Do you believe it? According to an article in the Orlando Business Journal, so far this year (Jan-July) 4.83 out of every 100 homes in Florida has had a filing already this year!

That’s almost 5%!  That’s about 1 out of every 20 homes!  How many does that mean are on your street?

Wow.

While I hate what is happening (in many cases to good friends of mine!) It does make a huge opportunity for you to buy a foreclosure home in Seminole County Florida!

The Seminole County Florida real estate market has always been and will continue to be very desireable, even in this market.  Are you ready to buy?  Check back to this new resource regularly and see what we have in store for you!

Andy Tolbert

p.s. Tell a Friend!

oh, p.p.s.  Here’s the link to the OBJ article: http://www.bizjournals.com/orlando/stories/2008/08/11/daily7.html?f=et70&ana=e_du