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.

1. Wellington Bank Owned Homes and Properties
Wellington Bank Owned Homes and Properties
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.
There are a lot of reasons why people fall in love with Wellington
Florida so even though our home prices declined when the real
estate bust hit Florida- many residents here have no desire to sell
their homes or short sale them.
We did have some times in 2009 where Wellington was in the top
foreclosure towns in Palm Beach County. But that was not because
of homeowners who are residents. That was because there were a
lot of people snatching up 5, 6, 7 homes pre-construction in order
to flip them. Well, the bust came and they were stuck with
properties they could not flip and could not pay for. This wave of
foreclosures is almost in the past.
Right now there are about 789 properties in Wellington
Florida that are in some stage of Foreclosure. Here in
Wellington Florida that means that they are either in pre-foreclure
or in late on their payments. It includes those homeowners who no
longer pay their mortgage payments, it includes those who are in
default and who are trying to get a loan modification. So let's

2. assume based on the number of homeowners we have talked to
that half of these 798 properties are not intending to be on the
market any time soon.
Then when you look in the active listings that are short sales right
now on the market, that is less than 20% of the listed inventory of
Wellington Homes For sale.
Right now, the banks only own about 57 properties in
Wellington. That means there are 57 bank owned properties in
Wellington.
There are many reasons why there are so few Wellington Bank
Owned properties here. One of the obvious reasons is that the
Village of Wellington has a very strict code enforcement division and
the banks know they can not wiggle out of paying fines and liens if
they don't keep up their properties. Since the banks have to
hire Wellington REO Home Preservation teams to get the
homes secured and maintained - they don't rush out to do so as
quickly as the Village of Wellington would like them to.
So if you are looking for a Wellington bank owned home or
property to buy there are not that many to choose from and most of
the time, there will be more than one offer on a bank owned
property.
Call us today at 561-753-0135 to help guide you through the
process of buying a Wellington bank owned home or property.
You can also sign up for your free listing book account on the
side of this blog.
Nestor Gasset and Katerina Gasset- Realtors®, CIPS,
ABR, SFR, GRI, REOS

3. International Properties & Investments, Inc
Call us today at 561-753-0135 to get your
house sold.
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