Short Sale Listing Strategies

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Victoria Coyne of Short Sale Innovations displays common short sale listing strategies for today's economy. Visit short-sale-innovations.com for more information. Short Sale Innovations is part of Trident Title, LLC which is associated with Paul Krasker, of <a>The Law Office of Paul A. Krasker, P.A.</a>

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Short Sale Listing Strategies

  1. 1. 2013 Florida Foreclosure Stats May 2013 Florida had the highest foreclosure auction month nation wide and the highest in Florida since October 2010 according to RealtyTrac Trend continued thru June & July This means banks are foreclosing at a faster pace and on older pending cases Foreclosure Auction- 3rd party bidder vs. REO 3rd party bidders up 50% over 2011 & 2012
  2. 2. 2013 Florida Foreclosure Stats Pending (existing) Cases  36,000 Palm Beach County  41,000 cases in Broward County  46,000 Cases in Miami Dade  50,000 Abandon Properties  13,655 PBC
  3. 3. New filings Vs. Pending  New Filings are down statewide over 2012 approximately 23%  October 2013 Filings are up 53% after the new fast rack law  New filings are expected to remain steady in 2014
  4. 4. New Fast Track Foreclosure Law  Effective July 1, 2013  Fast Track Vacant/Abandon Properties  Non Answered Complaint/Non Contested  45-60 Days to Sale Date
  5. 5. 2014 Default Market  New Law will continue to push cases thru the court system; i.e. older cases 2007, 2008, 2009 etc.  Contested case will move quicker- 1 year  Uncontested cases 4-6 months  Seller will be looking for alternative to foreclosure
  6. 6. http://www.corelogic.com/solutions/direct-marketingdata-solutions.aspx http://www.shortsaleleads.org/ http://www.peoplesmart.com/ http://www.pioneerinfo.net/pc5.html http://www.ssaoa.com/short_sale_services http://www.zillowpremieragent.com/ http://www.smartzip.com/
  7. 7.  Short Sale Listings good vs. bad  Length of delinquency  Recently delinquent  Qualifying your seller  Lien holder, HOA etc. questioner
  8. 8. 2014 Predications for the Default Market  Short Sales will be up over 2013  Foreclosure filing will be slightly down over 2012 & 2013  Foreclosure auctions will remain high
  9. 9. Victoria Coyne Director, Short Sale Innovations 561.801.7315 direct vcoyne@short-sale-innovations.com www.kraskerlaw.com www.short-sale-innovations.com

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