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.
2. 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
3. 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
4. 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
5. 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
6. 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
8. Short Sale Listings good vs. bad
Length of delinquency
Recently delinquent
Qualifying your seller
Lien holder, HOA etc.
questioner
9. 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
10. Victoria Coyne
Director, Short Sale Innovations
561.801.7315 direct
vcoyne@short-sale-innovations.com
www.kraskerlaw.com
www.short-sale-innovations.com