Sarasota Foreclosures and Short Sales
Posted Nov 22, 2008 @ 2:36 pm, Viewed by 1638 Visitors, Read 1863 Times..jpg)
Looking for a sweet deal in Sarasota, Florida? The fine folks at Real Estate Webmasters built me some foreclosure and short sale snippets. I built my Sarasota Foreclosure and Sarasota Short Sale pages. These pages are updated daily with foreclosures or short sales in Sarasota, Siesta Key, Longboat Key, Lido Key, Bird Key, Casey Key and Lakewood Ranch.
Foreclosure vs. Short Sale
A short sale occurs when the proceeds of a real estate sale are insufficient to cover the mortgage or balance owned on the property. In a short sale, the bank agrees to take less than what is owed to them due to an economic or financial hardship on the part of the borrower. This negotiation can take a long time to accomplish. In many cases it takes months to negotiate a short sale. Be prepared to spend a lot of time and energy in a short sale negotiation. If you need to move into a home quickly it might be best to exclude short sales from your list.
The foreclosure process is typically a bank or other secured creditor selling or repossessing a property after the owner has failed to comply with an agreement between the lender and borrower called a mortgage. In short, they stopped paying on the promissory note and the bank takes back the property. When the foreclosure proceeding is complete, the lender can dispose of the property and keep the proceeds to pay off the mortgage and any legal costs.
If I can assist you buying or disposing of a Sarasota foreclosure or short sale feel free to give me a call at 941-812-6272.
Marc Rasmussen
Michael Saunders and Company
800-793-7340 Toll Free
941-812-6272 Cell Phone
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a period "." got caught in my above link. here you go http://www.choicerealestate.net/auction.php
Absolutely. 
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I am a Realtor with Michael Saunders and Company servicing buyers and sellers in Sarasota, Florida as well as Siesta Key, Lido Key, Longboat Key, Bird Key, Casey Key and Lakewood Ranch.
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right on. Hi Marc. I did the same snippet here, http://www.choicerealestate.net/auction.php. if you type "md short sales" in google you'll see it come up strong. It's a PR4 page... let me know if you want a Sarasota FL short sale link posted there.