Mortgage Debt Forgiveness

Mortgage Debt ForgivenessMortgage Debt Forgiveness

Mortgage debt forgiveness and its tax consequences are explained in the IRS publication at the bottom of this page .  It explains key elements of the Mortgage Forgiveness Debt Relief Act of 2007 which expired December 31, 2013.  Congress has yet to renew it for 2014.

If you are imminently in danger of loosing your primary residence because you can’t make the mortgage payments, it would be to your advantage to act now before this opportunity is lost.  Consider your options and consequences of each action you can take.

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Short Sale Listings

Short Sale Listings

Short Sale Estate Home Short sale listings are on the rise as foreclosure listings are being snatched up as fast as they are listed, and potential foreclosures are held up in the legal system.   Short sales can be frustrating for some buyers if the listing has never received an offer.  The listing agent does the best he/she can to help the homeowner set a fair price for the home.  With that accomplished you still wont know what the investor’s response will be till its been tested with an offer.  Once the bank comes back with the lender’s response you have an approved price, or better yet, a contract if the offer was accepted!

Bank Approved Short Sales

Bank approved short sales are much like foreclosures except the owner is not the bank.   Since the initial waiting period for the bank’s response is over you don’t have to guess at what they will accept and you can make a competitive offer based on the bank’s approved price.

You’ve come to the right place to find bank approved short sale listings.  If you want to browse through all the available Naples Approved Short Sales scroll down to the results below.  If you want to narrow your search select from the following Bank Approved Short Sale Listings categories.

You may also want to view Foreclosure Listings for Naples Florida.

I recently posted research on July’s closings for you investors that want statistics.

Bank Approved Short Sale Listings

Naples Houses Naples Condos
Bonita Springs/Estero Marco Island
Golden Gate Estates Golden Gate City
Golf Community Homes Gated Community Homes
Gulf Access Homes Beachfront Community Homes
Waterfront Community Homes Estate Homes

 Bank Approved Short Sale Listings by Price Range

Under $100,000 $100,000 – $200,000
$200,000 – $300,000 $300,000 – $400,000
$400,000 – $500,000 $500,000 – $600,000
$600,000 – $700,000 $700,000 – $800,000
$800,000 – $900,000 $900,000 and Up

 


Closed Sales – Naples Fl – July

Closed Sales – Naples Fl

Period:  June 27, 2011 to July 27, 2011
Closed Sales data from Sunshine MLS through the Naples Area Board of Realtors

The following data of 671 closed sales for the time period shows some interesting data.  With a few buyers still coming to Naples with the idea that they can get a ‘steal’ for 50¢ on the dollar, the facts reveal otherwise.   It is also very noteworthy that many of the very lowest priced properties sold for more than asking price!  The number of foreclosure listings are shrinking, although short sales are on the increase.  

Call Angela Kniep @ 239-877-2325 or Maura Davenport @ 239-293-3485 for help on buying any properties in Naples Florida.  Both agents are highly experienced with foreclosures and short sales.  More information on these agents.


Closed Sales Summary

Closed sales prices averaged 93% of the list price.
Total closed sales amounted to 278 million dollars!
Average price of all closed sales was $414,858
Click the more tab to see all the closed sales information in spreadsheet form.
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Lake View Condo For Rent – Naples Florida

Naples Florida lake view condo for rentLake View Condo For Rent – Naples Florida

Seasonal Rental in Crown Pointe
2 bedrooms + den, 2 bathrooms
Size: 1,516 sq feet
Price:  $2,950/month
Agent:  Angela Kniep
Contact:  239-877-2325 or CollierRealEstate@yahoo.com

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Gulf Region Realty 2019