Much like the rest of South Florida, there are several Miramar Foreclosure homes looking for new homebuyers. But buying one of these foreclosure properties in Miramar is not as easy at is seems, homebuyers are facing stiff competition from real estate investors who are buying up these Miramar foreclosed properties and Miramar short sales.
Many Miramar homeowners are ‘underwater’, meaning the debt to the lender is more than the market value of the property. When this occurs, the homeowner can either continue to pay on their mortgage, having negative equity on their house, allow the property to foreclose, or short sale the property.
If you are behind on payments, and facing foreclosure you might want to consider doing a short sale on your house. This process can prevent the foreclosure from further damaging your credit, thus allowing you to get back on your feet much quicker.
A foreclosure can stay on your credit for approximately seven (7) years, while a short sale basically shows your late payments, and that the property was sold in a short sale. There are a few issues you should discuss with your CPA or financial analyst prior to committing to doing a short sale on your Miramar house.
BUYERS – There is no better time to purchase Miramar Foreclosure than right now. There are many Miramar bank owned homes, foreclosures and short sales making home prices some of the most affordable in years. Whether you are a first time homebuyer, a current homeowner looking to upgrade your existing home or real estate investor looking for a great investment property in Pembroke Pines, we have the perfect deal for you. Current interest rates are at record lows, combined with great government programs and tax breaks make it a great time to enter the Miramar real estate market. Just complete the form on the Right, and one of our professional Real Estate agents will contact you.
Don’t be another Foreclosure in Miramar statistic, call our office today to talk to one of our Foreclosure/Short Sale professionals.
Complete this form, and one of our Miramar Short Sale professionals will contact you shortly.
Disclosure
FREE* = OCS Realty, llc. will process the documents required for a Short Sale with the mortgage lender without any charges to the home owner. This offer requires the homeowner to list the property with OCS Realty, llc., for a minimum time of 6 months (180 days), and provide all documents required to complete the short sale and subsequent sale of the property. This offer is limited to Real Estate in Broward County, Miami-Dade County and Palm Beach County. OCS Realty, llc. reserves the right to provide your information to a Real Estate attorney for processing the Pembroke Pines short sale and collect a processing fee from the lender or mortgage company, along with real estate commissions paid from the from the lender or mortgage company.
