This weeks guest on the Future of Real Estate will be local attorney Kevin Jursinski who will explain his Deed in Reduction program and how it benefits borrowers and lenders alike  to minimize costs associated with short sales and foreclosures.  We’ll ask Kevin tough questions on various situations ranging from credit repair scams, to working with lenders to take a lower amount than what is owed in order to sell at today’s lower market values.

If you’re considering buying a short sale or foreclosure, or if you’re considering selling property in SW Florida, you’ll definitely want to tune in to this week’s show on AM 1240 Saturdays at 11:00 AM, and re-broadcast over the Internet at NBC-2.com and www.Topagent.com

This is the brand new 3 bedroom Belvedere Model from 1st Homes.

This beautiful Lehigh Acres, Forida home boasts many wonderful features including a spacious great room floor plan, a tech center or computer area centrally located near kitchen which is great for the kids or your home office area. The master suite offers his and hers closets and  two additional linen closets. There is a pantry in the kitchen and so much more.

This phenomenal value includes an attractive appliance package, security system, garage door opener and is warranted! At $110,000 this bank owned property will not last long.

Call the Ellis Team today to see this home or any of the many Lee County foreclosures, short sales and bank owned properties we have available.

Last week we attended a major bank auction in SW Florida.  Over 100 homes were auctioned off.  One investor in attendance said that of the over 100 properties, only 6 were absolute and the rest were subject to investor approval, which if true means most of these will come back on the market

Most of the properties didn’t fetch a very high price, so they may very well not be acceptable to the end investor.  We will attemot to verify this with the bank.  The buyer has to wait up to 15 days to see if the investor on the loan takes the offer from the auction.

The Ellis Team at RE/MAX Realty Group lists a lot of the properties for this bank, so we may end up listing a good percentage of these listings that do come back on the market.  We did notice a few properties where the buyer overpaid for the home.  These buyers were probably inexperienced and didn’t bring a broker with them  to the auction to advise them they could have bought similiar properties in the same neighborhood for less money.  However, most properties went so far under value that most of the investors may not accept the offers, so many of these winning bidders will be disappointed.

Since the auction the bank has told many buyers and agents to contact us to be first on the list when we get thee properties in.  We get orders for the properties before they go in MLS.  We are identified as the listing agents, but it takes the bank a few weeks to tell us what the price is and authorize us to place it in MLS.  If you’d like to be on the list, give our office a call.  We plan to setup a group list whereby we can notify everyone at once when we get these listings.  They tend to be some very good buys.  For instance, we just listed a newer home in Lehigh Acres for $75,900.  It is an excellent buy.