Port Orange Real Estate : Short Sale News

One of the problems with Short-Sales has been having to deal with Second Liens. They wait to respond, ask for more money from first lien holder, or money from homeowner, and often want them to take line of credit to repay balance. They stall and often kill the first offer on a Short-Sale.

This is done with the knowledge that they will get no money if the home is foreclosed and they will have to sue the homeowner for balance. This, in turn, forces the homeowner to file bankruptcy.

"Why cause the delay and unneccessary hardship? Just make the decision and get on with it." This may be what U.S. Rep. Jerry McNerney, D-Calif. was thinking when he proposed The Fast Help for Homeowners Act.

By eliminating the delays, first liens may be more willing to negotiate with second lien holders. If nothing else, it will improve response time. The Act will give second liens on Federal Mortgages 45 days to respond, and on the 46th day will have to accept the deal.

If nothing else, this Act will make second lien holders respond faster.

If you are thinking of Buying or Selling in the Port Orange Area, contact us at Selling Daytona Homes. Use our site to look for homes in the Area and see what some of the Cities have to offer.


Source: “Evasive Second-Lien Holders Thwarting Short Sales,” HousingWire (July 25, 2012)

Port Orange Real Estate : "Freedom" Model at Waters Edge !!

This is the "Freedom" Model by ICI. This Model Features a Great Room and a Wall of Windows that lets the outside in. View this Freedom Model on our Website. You can also Search for Homes by Subdivision or by Style . Visit our Website for more Information and Homes. Don't miss your chance to Buy this Great Home.

Port Orange Real Estate Subdivision Search!!!

If you are familiar with an area and would like to search for available homes in a particular neighborhood, a search by subdivision would be perfect. OUR WEBSITE offers you the choice to look at singular Subdivisions in different Cities. Follow this link to view PORT ORANGE SUBDIVISIONS . We also have all the neighboring Cities Subdivisions as well, just follow this link to SUBDIVISIONS to look at all the Cities' Subdivisions.

Open House Sunday from 2 to 4 in Skylake !!!

This Sunday  (Feb 13 , 2011) we will be hosting an Open House at 5919 Kendrew in Skylake Estates in Port Orange. Very easy to get to. For more property details , follow THIS INFO LINK . It is a Beautiful 2 Story home with a pool and fenced Back yard. Come by and take a look. This home will not disappoint. Recent upgrades to the home Include : UPGRADED KITCHEN WITH CORIAN COUNTERS and STAINLESS APPLIANCES, POOL and SPA WITH SOLAR and GAS HEATING. These are only a few of the Amenities this home has to offer. For Information on the Port Orange Area, please follow THIS PORT ORANGE LINK . To see what school this home is zoned for, use the yellow Link on the Port Orange page .

Sabal Creek : Port Orange Real Estate

Searching by Subdivisions is easy. Our WEBSITE has all the active listings for each Subdivision. For an Example, follow this LINK TO SABAL CREEK to see the current active listings in this Subdivision. This is a Great Subdivision in Port Orange. Located on the West Side of I-95 and South of Taylor (Dunlawton), it is zoned for some of the best schools in the area. To find out what school your child would be zoned for follow the link on the PORT ORANGE PAGE on our Site. Once you find a home you like, you can check what school that property is Zoned for.

Rolling Hills Listings in Port Orange Fl.!!!

Searching by Subdivisions is easy. Our WEBSITE has all the active listings for each Subdivision. For an Example, follow this LINK TO ROLLING HILLS to see the current active listings in this Subdivision. This is a Great Subdivision in the heart of Port Orange and features lots from 1/2 to 1 Acre. Located on the East Side of I-95 and South of Dunlawton, it is zoned for some of the best schools in the area. To find out what school your child would be zoned for follow the link on the PORT ORANGE PAGE on our Site. You can also view Our Listings.