Wellington Bank Owned Homes and Properties

332 views
282 views

Published on

Wellington Florida is an town in Palm Beach County that is very popular to want to live in. Many people move here because of our Equestrian lifestyle while others want to raise their children in the well known Wellington Schools.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
332
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Wellington Bank Owned Homes and Properties

  1. 1. Wellington Bank Owned Homes and PropertiesWellington Bank Owned Homes and PropertiesWellington Florida is an town in Palm Beach County that isvery popular to want to live in. Many people move here because ofour Equestrian lifestyle while others want to raise their children inthe well known Wellington Schools.There are a lot of reasons why people fall in love with WellingtonFlorida so even though our home prices declined when the realestate bust hit Florida- many residents here have no desire to selltheir homes or short sale them.We did have some times in 2009 where Wellington was in the topforeclosure towns in Palm Beach County. But that was not becauseof homeowners who are residents. That was because there were alot of people snatching up 5, 6, 7 homes pre-construction in orderto flip them. Well, the bust came and they were stuck withproperties they could not flip and could not pay for. This wave offoreclosures is almost in the past.Right now there are about 789 properties in WellingtonFlorida that are in some stage of Foreclosure. Here inWellington Florida that means that they are either in pre-foreclureor in late on their payments. It includes those homeowners who nolonger pay their mortgage payments, it includes those who are indefault and who are trying to get a loan modification. So lets
  2. 2. assume based on the number of homeowners we have talked tothat half of these 798 properties are not intending to be on themarket any time soon.Then when you look in the active listings that are short sales rightnow on the market, that is less than 20% of the listed inventory ofWellington Homes For sale.Right now, the banks only own about 57 properties inWellington. That means there are 57 bank owned properties inWellington.There are many reasons why there are so few Wellington BankOwned properties here. One of the obvious reasons is that theVillage of Wellington has a very strict code enforcement division andthe banks know they can not wiggle out of paying fines and liens ifthey dont keep up their properties. Since the banks have tohire Wellington REO Home Preservation teams to get thehomes secured and maintained - they dont rush out to do so asquickly as the Village of Wellington would like them to.So if you are looking for a Wellington bank owned home orproperty to buy there are not that many to choose from and most ofthe time, there will be more than one offer on a bank ownedproperty.Call us today at 561-753-0135 to help guide you through theprocess of buying a Wellington bank owned home or property.You can also sign up for your free listing book account on theside of this blog.Nestor Gasset and Katerina Gasset- Realtors®, CIPS,ABR, SFR, GRI, REOS
  3. 3. International Properties & Investments, IncCall us today at 561-753-0135 to get yourhouse sold.Authors of Short Sales SuccessWellington Florida Short Sales | Wellington Fl ShortSales | Wellington REO ServicersWellington Short Sale Agents | Video Tutorials AboutWellington Short SalesSearch Wellington Fl Homes For Sale | Wellington EquestrianProperties For Sale |Wellington Luxury Homes | YouTube Listings and ShortSales |Wellington Fl Short Sale Agent

×