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Most Frequently Asked Questions:
What:
We are a licensed Florida real estate brokerage established to exclusively represent buyers in the acquisition of new and resale waterfront properties at deeply discounted prices. Our office utilizes public records and private research data bases to identify and assess overleveraged
pre-foreclosure and Short Sale property owners who are highly motivated to sell their properties at well below current market appraised values. In some Instances for only the balance owed on their mortgages to prevent foreclosure, bankruptcy and long term negative impacts on their credit reports.
When:
The owners have positioned the brokerage to capitalize on the nationwide housing correction that began in 2006 and is expected to rapidly descend throughout 2007.
Where:
Our brokerage is focused on quality residential product in Miami-Dade County, a region commonly refered to as South Florida. We concentrate primarily on properties that front the Atlantic Ocean, Biscayne Bay and the Intracoastal Waterways. Serving the areas of North Miami, Aventura, Sunny Isles, Hallandale and Eastern Shores.
Why Buy Now:
The South Florida real estate market is experiencing a correction due to an oversupply of new residential product combined with an above-average number of speculative buyers. During the last five years, developers have moved forward to construct atleast 60,000 new condominium units eventhough the region's annual absorption is just 10,000 units with the bulk of these units nearing completion, the time for discount wholesale buying could never be better.
Short Sales Representation:
Investors and overleveraged property owners can contact us for a private and confidential
consultation to assist with bank negotiations for the discounted agreed upon Short Sales price offerings as well as exclusive Pre-Foreclosure Sales representation. We offer an extensive data base of investors who are ready, willing and able to procure property for distressed sellers at 75,000 to 100,000 under appraised value or will purchase at approximately 70 cents on the dollar. Sellers will obtain forgiveness debt for the mortgage with the lender. However, they will still have the 1099 tax burden for the difference between the discounted Short Sale price and the balance owed on the mortgage the following tax year.