Area Foreclosures

[ClintClint]

I pray Obama has some solutions that will help Wall Street. When I saw my year-end statements and then compared them to the mortality tables, I need to die by next Thursday.

 

[JoshMclean]

Destin Home Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423550
Destin Condo Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423734
Miramar Beach Home Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423614
Miramar Beach Condo Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423852
Santa Rosa Beach Home Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423663
Santa Rosa Beach Condo Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216424298
30A Home Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423693
30A Condo Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216424549
Destin to 30A Townhome Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216424906
Destin to 30A Land Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216425667
Destin Home Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426228
Destin Condo Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426711
Miramar Beach Home Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426317
Miramar Beach Condo Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427016
Santa Rosa Beach Home Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426441
Santa Rosa Beach Condo Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427414
30A Home Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426503
30A Condo Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427577
Destin to 30A Townhome Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427580
Destin to 30A Land Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427582

 

[grace]

Destin Home Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423550
Destin Condo Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423734
Miramar Beach Home Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423614
Miramar Beach Condo Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423852
Santa Rosa Beach Home Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423663
Santa Rosa Beach Condo Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216424298
30A Home Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216423693
30A Condo Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216424549
Destin to 30A Townhome Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216424906
Destin to 30A Land Foreclosures-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216425667
Destin Home Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426228
Destin Condo Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426711
Miramar Beach Home Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426317
Miramar Beach Condo Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427016
Santa Rosa Beach Home Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426441
Santa Rosa Beach Condo Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427414
30A Home Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216426503
30A Condo Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427577
Destin to 30A Townhome Short Sales-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427580
Destin to 30A Land Short Sales-
[URL="http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427582"]http://ecarmls.com/EmeraldReports/listings.asp?ID=7216427582[/URL]

how about pt. washington??

 

[JoshMclean]

Pt Washington-
http://ecarmls.com/EmeraldReports/listings.asp?ID=7216428102

 

[SHELLY]

Thanks Josh for all the listings.

I still can't get over how some folks thought an 800sf 80's era condo was worth almost 1/2-Mill :shock:
But it makes it easier to see why our financial system is in the crapper today.

.

 

[AAbsolute]

Thanks Josh for all the listings.

I still can't get over how some folks thought an 800sf 80's era condo was worth almost 1/2-Mill :shock:
But it makes it easier to see why our financial system is in the crapper today.

.

It's funny to hear "our financial system is in the crapper" I know it's true, but it's still a funny adjective.


Josh, I read the short sales section and it still reads to me as a sales pitch more than as a fact. What's the point of showing a price on a listing that is not the price that the public can pay? Haven't ECAR or another group created a more thorough policy on that yet?

 

[JoshMclean]

It's hard for ECAR to control because it's the banks that aren't giving Realtors enough information. When you speak with the banks in regards to a short sale all they do is tell you to bring an offer. Many Realtors just continue dropping prices until they get an offer to take to the bank. Once they have declined an offer the Realtor should have a better idea of where the bank is at on the price. It's a very frustrating process.

The Realtors are better off getting a low ball offer right when they list a property so that they can find a price that the bank is willing to accept. It always helps to have an investor willing to buy any property at the right price. Some banks are very realistic and taking large losses while others don't understand the market and will end up forclosing on the property before it's over.

I have a short sale in Inlet Beach that the guy owes over $850,000. The bank is willing to take $460,000-$470,000 and the appraisel just came back at $525,000. This is realistic in my opinion. I put in an offer on an unfinished home on Holiday Isle that was listed at $999,000. We went in at $500,000 to feel them out and the bank came back at $1,450,000. 50% higher than the list price!!! You can see that some banks understand the market while others do not. Short sales can present a great way for a buyer to get a deal, but they need to have patience.

Hopefully the banks will begin to foreclose on these properties at a faster rate. The bank owned foreclosures are selling like hot cakes at this point. I know people who haven't made payments in 12 months and still haven't been foreclosed on. The longer these short sales drag out....the longer the market stalls.

Sorry for the rambling.

 

[AAbsolute]

That one on Holiday Isle that was listed at 999, do you know what the mortgage payoff was?

 

[JoshMclean]

Around the counter price. Just goes to show that the bank still thinks they're going to get the inflated 2005 price in this market.

 

[Smiling JOe]

...What's the point of showing a price on a listing that is not the price that the public can pay? Haven't ECAR or another group created a more thorough policy on that yet?

It's hard for ECAR to control because it's the banks that aren't giving Realtors enough information....

Aasolute, can you think of a policy which ECAR or another group could implement that would work? I cannot.

Regarding ECAR's control, ECAR can not tell agents where to price their listings.