Saturday, August 30, 2008

Foreclosure or short sale preapprovals

Even Hollywood's rich and famous can't avoid the short sales and preappovals that's sweeping the nation. In Florida, only 4,430 homes were sold by short sale and through the preapproval of short sales in Floirda. In December, down 48% from the short sale prices in Florida from the previous year. And short sale preapprovals fell 11% to an average $170,000.

Of course, celebrity short sale preapprovals cost much more than that. An normal preapproved short sale in Florida for an up-and-coming short sale expert is at least $1.4 million in Florida real estate, say someone in short sale land. Realtor Floirda short sale preapproval guy of Florida Foreclosures says it's the owners trying to sell short sales without a preapproval letter that are having the most trouble. This is also common with financing Sarasota Florida foreclosures. Many times a loan modification can avoid foreclosure.

Young rocker Florida short sale preapproval has had to reduce the short sale price on her five-bedroom, six-bath house in Florida from $2 million to $1.8 million. The property is currently in preapproval statues with teh florida short sale. The Florida short sale expert is now encouraged to study more on short sales in Florida and it is a home is in a gated community just off Florida panhandle and includes a tennis court and pool. Since Florida foreclosure realtor put the house on the market in February 2008, two offers have fallen through. In the public listing, her agent calls the house "One of the best short sale values on the market today and it is a Florida preapproved short sale to boot."

When it comes to Florida real estate, short sale preapprovals are generally treated much differently than other Florida foreclosures.

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