Naples foreclosures are a sad fact of life.  The truth of the matter is that, for many, even loan modification isn’t an option.  When faced with foreclosure or short sale, how do you decide which is best?  While short sales have been pushed by many as a viable option, it’s hard to know what’s best for you.  Here are some facts about the consequences of both:

Your Credit

While both Naples foreclosures and short sales will affect your credit score, the differences are wide.  A foreclosure can affect your score for as long as three years or more, and lower it as much as 300 points.  The foreclosure can remain on your public history for over ten years.

However, only late payments show on your credit with a short sale.  Your score can drop as little as 50 points and be affected for as short as one year.  In addition, it isn’t reported on your history; it will show that the mortgage was settled and paid in full.

Your Job

On its own, a short sale generally doesn’t affect your employment.  However, a foreclosure is a different story.  Some employers regularly check their employees’ credit records.  As well, many require credit checks for new hires.  A foreclosure on your record can jeopardize your current position or future opportunities, as well as cause the revocation of a security clearance.

Judgments

In the event of a foreclosure, many banks have the right to try and get a deficiency judgment, stating that you have failed to pay the entire amount of the mortgage.  With short sales, however, lenders will normally agree to give up the right to that judgment and put it in writing.

Lastly, keep in mind that Naples foreclosures generally close below the price they would get from a short sale, so the remaining balance might be significantly higher with a foreclosure.

If you want to stay out of foreclosure through short sales, I can help.  Call me at 239-596-1181 or email me at dave@bartleyrealty.com for more information.

Links:

1.  Loan modification

http://www.hud.gov/offices/hsg/sfh/nsc/faqlm.cfm

2.  Credit checks for new hires

http://www.privacyrights.org/fs/fs16-bck.htm

3.  Deficiency judgment

http://www.foreclosurefish.com/blog/index.php?id=412

The newest property to hit the market is located at 21621 Windham Run, Estero, FL 33928.  This home features 3 bedrooms, 2 baths, a 2 car garage, and has a lake view.  All this for only $151,470!   

For more information on this property or other Naples Florida foreclosures, contact Mindi Bartley at 239-595-5532 or visit us on the Web at www.BartleyRealty.com.

David R. Bartley, Sr.
Bartley Realty Services
Naples, Florida
www.BartleyRealty.com
Dave@BartleyRealty.com
Call:  (239) 596-1181

Today’s new listing is located at 260 9th Street NW, Naples, Florida 34120.  It’s listed at $227,900 for one three bedroom two bath home and one two bedroom two bath home.  Both have private in-ground pools and are situated on 2.81 acres of wooded land in desirable Golden Gate Estates.  You’ll be close to schools, shopping and much more. 

Click here to: view the brochure for this Naples Florida foreclosure home. 

For more information on this property and others, please visit www.BarleyRealty.com or call Bartley Realty Services at 1-239-596-1181 today.

David R. Bartley, Sr.
Bartley Realty Services
Naples, Florida
www.BartleyRealty.com
Dave@BartleyRealty.com
Call:  (239) 596-1181

If you’re one of the many people dealing with Naples foreclosures, you will probably be moving to a smaller, more affordable place.  When it’s time to move you don’t want to leave the important things behind, but you may not have room for everything, either.  Here’s a checklist to help you get the important stuff taken care of within the last month:

1. Change of address – With the rate Naples foreclosures happen, you want to make sure your change of address is one of the first things you do.
2. Find a moving and packing company.
3. Clean out your safe deposit box and transfer it to the new area.
4. Get your family’s medical records, school records and other important papers.
5. Change your insurance policies for your home.
6. Get a fire resistant safe and put all records, cards, birth certificates, etc.  Make sure you have it with you during the actual move.
7. Pack less used items.
8. Arrange to have the utilities disconnected/changed over.
9. Plan your remaining meals so you can pack the nonperishable items you don’t need.
10. Make a list of everything you’re personally taking with you.
11. Walk through and decide what you really need to take.  Hold a garage sale or call a charity to get rid of the rest.
12. Let your friends and family members know where you’re going and how they can reach you.
13. Confirm arrangements with the moving and storage companies.
14. Check the yard and sheds for left over items.
15. Take apart any furniture or other items for packing.
16. Start a “survival box”, which includes anything you might need for overnight or for a few days.
17. Defrost the refrigerator and freezer.
18. Close bank accounts if needed.
19. Do a last walk through before leaving to make sure you haven’t forgotten anything.  Be sure to look through the attic, basement, closets, etc. 
20. Drop off your keys with the bank or new owner.

Being one of the Naples foreclosures isn’t fun; it’s stressful and you’re more likely to forget things in this type of situation.  Make lists to keep track of what you’re doing and then use them!

When you’re ready to buy your next home, let me help you find one that fits your lifestyle, budget and needs.  Call me today at 239-596-1181 or email me at dave@bartleyrealty.com for more information.

Our most recent listing is located at 3255 3rd Avenue SW, Naples, FL 34117.  This lovely home features 3 bedrooms, 2 baths and has 2,178 plus square feet of living space with a private pool.  It is situated on 2.5 acres of wooded land for plenty of privacy.  Priced at $148,500, this home will move quickly. 

Click to: find more Naples Florida Foreclosures now!  

Whether you want to create value by purchasing one of the Naples Florida foreclosures or you’re looking to buy a more luxurious home with the latest amenities, David R. Bartley, Sr., can help.  Give David a call today at (239) 596-1181 or email Dave@BartleyRealty.com. 

David R. Bartley, Sr.
Bartley Realty Services
Naples, Florida
www.BartleyRealty.com
Dave@BartleyRealty.com
Call:  (239) 596-1181

Buying Naples foreclosures can be an exciting task. And the thought of getting a great deal on a home can literally make you giddy. But before you get caught up in all the good things about buying a foreclosure, there are still many details to sort out before you get the keys to your dream home. 

When buying a foreclosure, you should:

1.  Get help

Purchasing a foreclosure requires a lot knowledge, skill and attention to detail. From real estate agents and home inspectors, to attorneys and investors, you’ll need the help of professionals to see you through the process. You will have your hands full, so seek out help ahead of time.

2.  Work fast

When it comes to getting Naples foreclosures, sometimes, your favorite property may also be someone else’s favorite. That’s why, as soon as you find the home, do your research so you can submit a knowledgeable bid on the property early on.

3.  Do your research

Research details about the property. Many surprises can pop up, so it’s important to spend the extra time finding out everything you can about the property, including whether or not the home has any liens on it. Although this can be a bit of a roadblock, you may be able to negotiate.

4.  Factor in risks

Lots of times, when buying foreclosures, the home is sold as is. It’s up to you to decide if you’re willing to renovate or update the home as needed. If so, just make sure you have enough money to cover any needed repairs or cosmetic work.

If you’re interested in getting a foreclosed property at a great price, give me a call today at 239-596-1181.  I specialize in guiding people through the foreclosure process, and I’m happy to answer all your questions.

According to the Naples Area Board of REALTORS®, pending sales are up 87% and inventory for homes over $300,000 are down 16%. There are great deals to be found now! 

Bartley Realty Services just listed a foreclosed townhouse at 20292 Larino Loop in Estero at 4:00 PM on May 29th and by 8:00 PM we received our first of four offers.  This trend is happening all over southwest Florida and is being shown in the sales today. A recent search of condominiums in the North Naples area showed the average sale price to be 6% higher than the listing price. 

The news here is the Naples market place has bottomed and is on its way back up.  The number of available Naples Florida foreclosures will continue to dwindle.  If you have not purchased a home (or condo), please call Bartley Realty Services to find out what properties are still available in the market place.

David R. Bartley Sr., is one of the best Naples real estate brokers you’ll find.  When it comes to negotiating, David will help you obtain the best price for your home.  Give David a call at (239) 596-1181 or email Dave@BartleyRealty.com now to get started. 

David R. Bartley, Sr.
Bartley Realty Services
Naples, Florida
www.BartleyRealty.com
Dave@BartleyRealty.com
Call:  (239) 596-1181

The Naples real estate market is as busy today as it has ever been with buyers searching for great deals in all price ranges.  The perfect example is a listing Bartley Realty Services has in Fairways Preserve Condominium that was listed at $56,999…the same unit sold for $306,000 in 2006!   This condo is just one of the many bargains buyers are looking for.

These prices will NOT last and Naples Florida foreclosures buyers know it.  If you’re ready to look at Naples real estate, don’t wait any longer to get that perfect deal.  Learn more about Naples Florida.  

David R. Bartley, Sr., is one of the best Florida real estate brokers you’ll find.  David will talk with you to find out exactly what you’re looking for in Naples Florida foreclosures.  Then, he will help you find the right home or condo to meet your mortgage budget.  Give David a call today at (239) 596-1181 or email Dave@BartleyRealty.com for more information on all foreclosures available in today’s market place. 

David R. Bartley, Sr.
Bartley Realty Services
Naples, Florida
www.BartleyRealty.com
Dave@BartleyRealty.com
Call:  (239) 596-1181

Foreclosures, foreclosures and more foreclosures are coming our way here in Naples.  With the volume of single-family and condominium Naples Florida foreclosures increasing, so is the competition to sell them.

Many buyers from all over the country are locked into our market…watching…and waiting…for just the right property that fits their unique needs.

Have you been thinking about buying a second home in Naples?  With interest rates at below 5% for a 30 year fixed rate loan, there is no time like the present to lock in your second home.

Bartley Realty Services offers the most advanced web site searching tools in our area.

Go to BartleyRealty.com and click on the “residential foreclosure” tab to see our listings.  Or Search the entire Naples Market now.    
For more information on residential properties or Naples Florida foreclosures, contact David at (239) 596-1181 or email Dave@BartleyRealty.com today! 

David R. Bartley, Sr.
Bartley Realty Services
Naples, Florida
www.BartleyRealty.com
Dave@BartleyRealty.com
Call:  (239) 596-1181

No doubt you’ve heard about the soaring number of Naples foreclosures.  If you’re thinking that now would be a good time to jump on the Naples real estate bandwagon by purchasing a foreclosure, here are a few tips to help you find (and buy) your dream home.

Arrange for Financing

Know how much home you can afford so you can determine your price range.  You don’t want to waste any time looking at property that won’t fit your financial needs.  If you do, you might even miss the deal you’re looking for.  Many lenders will pre-qualify you.  The process doesn’t take long and you’ll be able to look at Naples foreclosures with confidence.

Get a List of Naples Foreclosures.

Most banks and other lenders have a list of their properties that are in foreclosure.  Some government agencies and mortgage brokers have access to current foreclosure lists.  Your number one best resource for foreclosures is your Naples real estate agent who is able to guide you to the properties that best fit your needs as well as show you the properties.

Research Your Favorites

Narrow down the list of foreclosures to your favorites.  Then, investigate the properties and the areas they’re in because the neighborhood has an impact on the value.  In addition, carefully assess the foreclosed properties for damage and calculate the cost of the repairs.  After you’ve done the math, pick the house that suits your needs.  If you don’t want to do all the assessments and make all these decisions on your own, work with a professional Naples real estate agent who can guide you through this process.

It’s Time to Make a Bid

Okay, you’ve found the foreclosed property you want to buy.  What should you do now?  It’s time to put in a bid on the property.  If you aren’t comfortable negotiating (or if you aren’t good at it), let your Naples real estate agent place your bid and negotiate the deal for you.

Ready to get a great deal on Naples foreclosures?  Call me today at 239-596-1181 or email me at dave@bartleyrealty.com.

KEYWORD: Naples foreclosures, Naples real estate

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