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Monday, January 21, 2008
Short Sales in Key West
Short Sales in Key West. Can you believe it? This is the town where 3 years ago every property seller had the nerve to demand up to $1000 per sq ft for just about every piece of property in this town. It didn't matter where the property was located or its condition. The high price per square foot was imputed because of its being located in Key West.
Times have changed. There is a lot of inventory of homes that are either owned by banks or properties that are somewhere in the foreclosure process. I have assembled a list of properties for those adventurous souls who want to play Let's Make a Deal with the bank.
A Short Sale is a listing where the seller tells prospective buyers that the seller may be willing to sell below the fair market value of the house if the lender will accept less than payment in full of the mortgage held as security for the home and forgive any further indebtedness on the part of the borrower (seller).
Lenders usually are not willing to accept less than payoffs at par, but these are unusual times. Foreclosure rates are high across the country and Florida has an especially high rate of foreclosures in both numbers and percentages of homes being foreclosed. Most of the homes on the click list are in the New Town area of Key West, but there are a couple of Old Town homes included as well. spend some time going over the list. You may find a property that really interests you.
CLICK HERE for a list of Short Sale properties in Key West priced under $700,000. Each house shown in the photos is in the Short Sale pipeline.
If you are considering purchasing a more traditional type home or condo and don't want to play Let's Make a Deal with the bank, CLICK HERE to checkout all Key West mls listings and then give me, Gary Thomas, a call at 305-766-2642 or e-mail me at kw1101v@aol.com. I'm no Monty Hall. I won't leave you holding a pair of Jockey Shorts as a consolation prize.
Labels:
blog,
foreclosure,
gary thomas,
key west,
real estate,
realtor,
short sale
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Disclaimer
The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.
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2008
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January
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- Distress Sale: 1800 Atlantic
- Don't Miss the Boat
- Money Makers?
- Dirty Deeds
- 627 Southard Street Old Town Key West, Fl
- 720 Eisenhower Drive Key West, Fl
- I See a new house in your Future in Key West
- 709 Windsor Lane Key West, Fl
- Short Sales in Key West
- Mangrove Mama
- 627 Elizabeth Street Key West Open House Sunday
- The Poseidon Adventures in Real Estate
- 608 Angela Street Key West, Fl
- 523 Louisa Street Old Town Key West, Fl
- 630 Eaton Street, Old Town, Key West, Fl--Commercial
- Awesome Describes 1236 Washington St., Key West
- Big Price Reduction: 710 Caroline St., Key West
- The Sun'll Come Out Tomorrow
- Disparate House Buys
- 1108 Southard Street Key West Florida
- 1006 Southard Street Old Town Key West
- 1110 Curry Lane Old Town Key West
- Lessons Learned
- Key Haven Waterfront at Affordable Price
- Estate Sale -- 912 Fleming Street Old Town Key West
- Classic Key West Architecture: 1113 Fleming St.
- Pitch a Tent in Key West
- 2007: That Was the Year That Was
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