Florida Foreclosure Help in Hollywood, south Florida short sales

By Kimberly Miller
Palm Beach Post Staff Writer
Updated: 10:58 a.m. Saturday, Sept. 10, 2011
Posted: 9:28 p.m. Friday, Sept. 9, 2011
Recognizing the shortcomings in his once-heralded refinance program for struggling homeowners, President Obama asked Thursday for a revamp of the 2009 plan that has helped fewer than 840,000 borrowers nationwide.
The Home Affordable Refinance Program, or HARP, was created to encourage more homeowners to take advantage of record-low interest rates by allowing borrowers to refinance even if they owe up to 25 percent more on their loan than their home is worth.
Interest rates have continued to drop since the plan’s debut, with Thursday’s …

It is staggering to think that the foreclosures in Hollywood have been continuing at such a high rate for three long years and could continue for several more, still. Some numbers to consider:
Lenders reclaimed 102,134 homes nationwide in September.
In Miami-Dade County only there were 2,082 reposessions in September – nearly three times as many as a year earlier.
Currently, there are more than 150,000 foreclosure cases pending in south Florida.
Broward and Miam-Dade Counties have each been averaging about 3500 new foreclosure filings every month since mid-2007. During 2009 it was more like …

There is a danger of another wave of foreclosures hitting South Florida, according to Blomquist from RealtyTrac. RealtyTrac reported that nearly 38,000 Broward homes were in some stage of forelcosure during the first half of 2010.

With all 4% of homeowners receiving a foreclosure notice during the first half of 2010, the Miami metro area has the nation’s 10th highest foreclosure rate, according to RealtyTrac.
That Miami metro area, which includes Palm Beach, Broward and Miami-Dade counties, had 94,466 homes in some stage of foreclosure from January to June. That’s an 8% decrease from the previous six months, but up almost 11% during the same time period last year.
RealtyTrac, a research firm based in Irvine, California, studies the nation’s top 200 metro areas. It compiles …

It’s sad to say that during these troubled times more people are watching their homes go into foreclosure. This happens to homeowners for many reasons. Whatever the cause, lenders do not think of homeowners as humans. They are a calculated number, a risk and if you are a negative number to them, your options may be limited. Without knowing their options, a homeowner can be left feeling very helpless.
Once a homeowner falls behind on their mortgage payments, the calls start flowing in like floodwaters from a broken dam. This is …

Knowledgeable, personable and upfront. There is no challenge to big or too small for these professionals, they go the extra mile.
I can honestly say that my experience with Shirley Wise at Belrose Properties is excellent. They know ALL T HE INS AND OUTS OF SHORT SALES. They are forever keeping themselves ahead of the curve. In my opinion, they are short sale “gurus” of South Florida. I have learned a lot from them. They have successfully negotiated one of my properties and are currently working on my others which, unfortunately, …