Your Northwest Florida Waterfront Real Estate Specialist Serving the Pensacola Area, Pensacola Beach, Gulf Breeze, Navarre Beach, Milton, Pace and Perdido Key.
Scott Green,a local licensed real estate broker in Florida and Alabama, has been specializing in the sale and purchase of waterfront homes,condos and waterfront lots and land for over fifteen years. Scott is also a licensed public adjuster, the general manager of an investment group and a member of the Re/Max Hall of Fame. Whether you are searching for a Pensacola area waterfront home or land,new or resale Pensacola Beach condos,Milton waterfront homes,Gulf Breeze Sound or Canal properties,Pace Bayfront, Navarre Beach Gulf front homes, or waterfront investment opportunities Scott can assist you.
There is currently a lot of interest in purchasing distressed properties. To meet client demand, I have added a Foreclosure Button, located under Buyers and Sellers on the left hand side of the page. You can see the listings of area distressed properties by clicking the button.
A Brief Overview of Forclosures
Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice. The foreclosure process can end one of four ways:
1. The borrower/owner pays off the default amount to reinstate the loan during a grace period known as pre-foreclosure.
2. The borrower/owner sells the property to a third party during pre-foreclosure, allowing the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.
3. A third party buys the property at a public auction at the end of the pre-foreclosure period.
Foreclosure Buying Opportunities
The foreclosure process offers three bargain-buying opportunities.
1. Buying during pre-foreclosure
2. Buying at public auction
3. Buying bank-owned properties
Buying these properties can be a lengthy process, but the rewards can be great. A "distressed" seller is someone who wants to sell the property quickly. This sense of urgency can result in prices that are substantially below market value. If you would like to learn more about foreclosures, short sales. repos or auctions please give me a call.
Scott Green 850-712-2591
I search the Pensacola real estate databases daily, Search Pensacola MLS,and find homes that match your criteria and specific needs. You may choose to automatically receive personalized MLS listings by e-mail. Simply select the Dream Home Finder button and fill in the requested information. I will notify you immediately with lastest Pensacola MLS listing information for you to evaluate.
If you are interested in excellent waterfront values in homes or land,click on Featured Listings. For good values in condominiums on Pensacola and Navarre Beach, click on Waterfront Condos ,and for canal,gulf front and sound front lots, click on Waterfront Land. As an investor, now is the time, we are in one of the strongest buyers markets in Florida!For more information on the local market,click on Contact Scott.
If you plan to sell your home in the next few months, use the CMA evaluation (market analysis). This is a FREE service designed to help establish your home's current market value. Simply choose the Market Analysis button and fill out the requested information. Scott will use comparable sold listings to help you calculate the fair market value of your home.
Whether you are searching for Pensacola waterfront properties, Pensacola vacations homes, Gulf Breeze homes, Bayfront homes in the Pace or Milton areas or Condos on Pensacola Beach,Navarre Beach or other waterfront investment opportunities, I can help you !
4. The lender takes ownership of the property, usually with the intent to re-sell. The lender can take ownership through an agreement with the borrower/owner during pre-foreclosure or by buying back the property at the public auction.