• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Keeping an Eye Out for Zombies in West Palm Beach Bank Owned Properties

   Bank Owned Properties If you’ve come across the term “zombie foreclosures” in recent months, it wasn’t referring to voodoo parlors whose priests couldn’t pay the mortgage. Not exactly dead, but not exactly alive, they are properties stuck in a kind of zombie-like limbo. They are homes that have been abandoned by their former owners at some point before foreclosure. Now they are sitting there, accumulating on-going taxes, liens, and gradual deterioration while

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Rewards, Risks Mark West Palm Beach Bank Owned Properties

Yes, foreclosure rates across the country continue to drop, yet West Palm Beach bargain-hunters can take heart: there still remain a goodly number of bank owned properties in West Palm Beach. According to the National Association of REALTORS®, distressed homes accounted for 24% of national December sales; a large proportion, but significantly down from the 32% of just a year ago. Also known as “real estate owned” (or REO) properties,

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“ The Year of the Short Sale ” Lives up to its Billing

Early this year, experts and journalists widely proclaimed 2012 to be the “Year of the Short Sale” because a number of factors were making short sales more popular and feasible than ever.  Now the proof is in.  For the first time in history, sales of properties in some stage of pre-foreclosure (largely short sales) outnumbered sales of bank-owned properties (REO).  Taken together, short sales that entered the foreclosure process and

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A Bank-Owned Home is Not a Foreclosure!

  The difference between a ‘Foreclosure’ and a ‘Bank-Owned Home’ may be technical, but  important to understand.  Foreclosures are properties that are auctioned off in a court process. A bank-owned home, on the other hand, is one that has reverted to the mortgage issuer: a bank. A foreclosure can change hands with the bang of the auctioneer’s gavel: it’s a cash-in-hand situation, carrying all of the excitement (and risk) of any auction. With

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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