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Buck Settles
Broker/Owner
    Years of Experience: 20 years

    G.R.I. - Graduate Realtor Institute
    SFR - Short Sale, Foreclosure, Resource

Direct: (941) 685-3600

Office: 941-685-3600

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Settles Real Estate, LLC
735 East Venice Ave.
Venice, FL.
941-685-3600

Posts Tagged ‘selling a home in Englewood florida’

How about some Good News?

Wednesday, June 22nd, 2011

 

Have they been listening to me?  I have been screaming for the past 4 years that we have to stop the foreclsures in order for the market to recover, and the more foreclosures the longer the price declines.  According to this article Bank of America has been processing more short sales than foreclosures every month for the past 18 months.  It states 7000 foreclosures to 9000 short sales for the month of May.  They credit this to the introduction of  HAFA (please see a previous blog for details on that program) in April of 2010.  Citigroup also credits HAFA with speeding up their processing from an average of 120 days to 83 days. 

If you need to sell your home, contact me, I am well educated in the short sale process.  If you have equity then I will maximize it for you!  I look forward to helping you!

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Posted in Foreclosures | No Comments »

Foxwood – Englewood, Florida

Friday, August 27th, 2010

Great Opportunity for the active 55+.  Foxwood is located in the northern part of Englewood within Sarasota County.  Well positioned just minutes from beaches, numerous golf courses, shopping and restaurants.  In the Foxwood Community there is always plenty to do.  There is a community center clubhouse, exercise room, heated pool, hot tub, tennis courts, a billiard table and shuffleboard courts.  In this maintenance free community everything is done for you so that you can enjoy these amenities and the professionally groomed landscaping. 

This unit is one of the nicest, cleanest properties in Foxwood that I have ever seen.  Light and bright corner property adds more windows  to allow in the Florida sunshine.  2 bedroom, 2 bath, 2 car garage.  The home was well cared for with updated ceramic tile floors, a new air conditioning unit in 2008 and completely re-plumbed in 2002.  Call me for more details or a private tour.

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Posted in Homes for Sale | 12 Comments »

Foreclosures filings have dropped

Friday, July 30th, 2010

Check out this bit of good news for the Sarasota County Real Estate market. Click here.

As I have mentioned before banks are realizing that it is better to work with an owner on a short sale than to foreclose.  It is also better on the seller, less impact on there credit and a chance to get the deficiency waived and avoid bankruptcy.  That buyer can then borrow money again faster (better for the banks).  The banks realize more money from the sale and the market can start to recover.  This also makes it less likely that more people will stop paying their mortgage .  Couldn’t they have figured this  out 4 years ago?

If you are considering letting your home go to foreclosure, please re-consider.  Help yourself, recover your credit faster, possibly get your deficiency wavied, possibly get up to $3000 from the government for moving expenses, and help the Real Estate market which will in turn help the economy.  Please feel free to call me for a free consultation.  I can help you with a successful short sale.

Call me, e-mail me or text me.

Your Real Estate Source,

Buck Settles

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Posted in Housing Market | No Comments »

Should I “short sale” my home?

Wednesday, May 12th, 2010

Welcome to part two of  “should I short sale my home”  Periodically I will post different thoughts and  concerns that will help you answer this question

Today’s question  –  “Do I have to be behind on my payments before the bank will consider a short sale?”

Until recently I would have said yes, however I just received a “short payoff” approval today on one of my listings and the seller is not late on a payment.  The loan is through GMAC, kudos to them, they were really “on it” from the beginning.  I obtained the approval in about 12 days!  It has been my experience that when the process is done properly the results are getting measurably better then from just a month ago.  We are trying to lessen the impact on this sellers credit, he should just take a minimal hit. 

If you are considering selling your home call me!  If you must do a short sale I can help you, I have a successful track record.  If you just need more information to make a good decision, please do not hesitate to call, I do not mind sharing my knowledge, all I ask is if you choose to sell or buy that you consider me and refer me to your friends, family or other contacts that my need to buy or sell Real Estate.

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Posted in Questions and Answers | No Comments »

Should I “short sale” my home?

Wednesday, April 28th, 2010

Welcome to part one of  “should I short sale my home”  Periodically I will post different thoughts and  concerns that will help you answer this question.  

Today’s question  – “If I short sale my home will I be taxed on the amount the bank was shorted?”

The short answer, Not if it is your primary residence and you sell it between 2007 and 2012.

Here is an article I found on the subject.  click here

“What if it is an investment or second home?  Ask your tax preparer if you meet the insolvency rule, or have the bank agree in writing that they will forgive the “short” and not file a 1099.  For this you may want to consult the expertise of a foreclosure defense attorney.

Always confirm any tax question with your CPA or tax preparer.

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Posted in Questions and Answers | No Comments »

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