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Newly Reduced - 205 Palm Springs Dr. Slidell

by Turner Real Estate Group

$104,900

BRING OFFER! Pre-Foreclosure - Quick Sale Needed, Remodeled Kitchen & Baths, New Roof in 2006, All Brick, Open Floor Plan, Kitchen w/ Raised Bar & Tile Flooring, Separate Den, Big Bedrooms, Large Patio, Privacy Fenced Corner Lot, Super Convenient to Everything!

Don't Delay... Call Today! Click Here for More Info & Pics.

The Discreet Short Sale

by Leigh Ann Gutierrez

If you are falling behind on your mortgage payment and owe more on your Mandeville, Covington or Slidell home than it is worth in today’s market, you are not alone.

70% of all home owners never attempt to avoid foreclosure by listing their home as a short sale. Foreclosure is NOT your only option! Wayne Turner of Turner Real Estate Group in Mandeville, La. specializes in the discreet short sale. No one ever knows of your circumstance.

Whatever it is, your reason for short selling your home is just that – yours. At Turner Real Estate Group we believe that a short sale is between you, your mortgage lender and your real estate professional. We work to ensure that your short sale process is as unobtrusive as you want it to be.

Our short sales can be as modest as you want them to be. We offer marketing options tailored to your preferences. For example, you can choose to not post a sign in your yard, or to not have “short sale” listed on any marketing materials.

Short sales are quite different, and often, far more challenging than typical home sales. In addition to the normal work involved with listing, marketing and selling a home, the short sale also involves negotiating with your mortgage lender to accept the terms of the short sale agreement.

Turner Real Estate Group has a full time Negotiation Expert on staff that is uniquely positioned to get your short sale approved fast and stop any foreclosure.

Our goal is a smooth sale for you! Think about it this way, you wouldn’t hire a pediatrician to do open heart surgery, so don’t hire an ordinary agent to sell your home!

More help is available for financially distressed homeowners than ever before. The time to contact me about getting on the path toward financial stability is NOW!

www.LouisianaForeclosureRelief.com

Short Sale vs. Bankruptcy

by Leigh Ann Gutierrez, Wayne Turner

 

What Is A Short Sale?

Many people in today’s shifting economical times have received hardships. The amount of foreclosures in St. Tammany are up 94% in the first quarter of 2011 compared to last year at the same time.

A short sale is when the mortgage company takes less, and allows a property to be sold. The pay off of the mortgage held on the property is less than what is actually owed, thus the term sold short of the full mortgage pay off.

Hardships are classified as illness in the family, death of a loved one, divorce, separation, loss of employment, cut back on hours, and lay-offs. These are all reasonable causes for a person to need to do a short sale.

 Why Not Just File Bankruptcy?

Many people think bankruptcy is the answer, or an easy way out. The reason short sales are better than bankruptcy is that bankruptcy will still leave you with a foreclosure on your credit. Short sales save your credit, save you potential jobs in the future, enable and allow you to purchase another home within 12-24 months of the short sale, and save you from losing security clearance.

Your credit is affected by the activities that occurred prior to the short sale. For example, not making your mortgage payments will affect your credit in a negative way. By negotiating a short sale with the bank, it shows up on your credit as “balance paid and satisfied”. This means the bank is satisfied with what they agreed as pay off.

 How Much Does A Short Sale Cost?

Many people believe it costs money to short sale their home. This is false; it costs absolutely nothing to do a short sale. The mortgage companies do not want to foreclose your property. They’re not in the real estate business, and they do not want to take your property back. If you don’t pay your mortgage payments, they want their asset secured by the mortgage that you promised to pay. The reason they take your property is to sell it and get the asset they put out on your property back.

Mortgage companies pay the real estate broker for services, not the home owner. They would rather hire a leading real estate professional with a CDPE (Certified Distressed Property Expert) designation to sell the property. This allows the mortgage companies to negotiate with the broker instead of the home owner. This benefits the home owner, and also the banks, who just want their money back.

 When Is It Too Late To Do A Short Sale?

If you received notice that your home is going to be sold through the foreclosure process, you can contact us no later than one week prior to the foreclosure date. Turner Real Estate Group can potentially delay the foreclosure any time prior to one week before the scheduled date. We can’t stop it permanently, but we can delay it for 30 day increments by negotiating with the bank on your behalf.

The ideal situation would be for you to call us the minute you receive notification that you have a date in which the property is going to be sold at the courthouse. This will allow a full 70 days to obtain contracts and sell your property through the short sale process. You don’t have to do anything except simply call us, and we will handle it all.

You do not have to file bankruptcy. You do not have to allow your property to go into foreclosure. You deserve to take a proactive approach to contact us so we can show you the steps and simplify your life. 

 What Happens After I List My Property?

Once a property is listed as a short sale, it is usually contracted within 35 days. It typically takes three to four months to close the property after a contract is received. It is also ok if you have more than one mortgage on your property; we are willing to negotiate all mortgages for your benefit.

Turner Real Estate Group has had tremendous success in getting the deficient amount waived, and getting the mortgage company to forgive the deficient amount. The Consumer Credit Act says if the property is your personal residence, they will not and cannot send you a 1099 stating that they have written the property off and that you will have to pay taxes on it. We work with the bank to make sure the deficiencies are waived, and that you don’t have to pay taxes. Once the property is closed it is done, and your stress is over. Call us today and allow us to sell your home through the short sale process. We would be happy to help you in any way possible.

New Listing - Lake Village Subdivision

by Rachel Morvant-Turner

409 W. Lake Catahoula Ct., Slidell, LA

Lake Village Subdivision

What a Deal... Home Located on Quiet Cul-de-sac Street, Open Kitchen w/ Granite Countertops, New Appliances, Cozy Den w/ Brick Fireplace & Cathedral Ceilings, Formal Living Room & Dining Room, Elegant Lighting, Privacy Fenced, All Brick Home, 2 Car Garage, Master Suite w/ Double Vanities & Dual Closets, Loads of Driveway Space Available.

Just Reduced - $89/ sq. ft. in Mandeville

by Rachel Morvant-Turner

Just Reduced... $229,900

Destin, Mandeville

Beautiful home offered for sale in Mandeville, Louisiana with 5 bedrooms/ 4.5 baths and 2561 square feet of living area.  Call today to schedule your viewing... 985-626-1313. 

CDPE, short sales, Certified Distressed Property Expert

Wayne Turner Earns Prestigious Designation to Help Homeowners in Danger of Foreclosure

Mandeville, LA. 03-29-10  - Wayne Turner, Broker and Certified Residential Specialist of Keller Williams Realty Services in Mandeville has earned the prestigious Certified Distressed Property Expert® (CDPE) designation, having completed extensive training in foreclosure avoidance, with a particular emphasis on short sales.  At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education accumulated by Turner over his 14 years as a Realtor continue to be a huge benefit to St. Tammany area residents and communities.

Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if it is lower than what is owed on the property. This process can save many people from foreclosure and even bankruptcy. If a bank forecloses on a property they place the home on the market for sale.  After the home sells, the banks have the right to redeem the difference between what was owed on the home and the actual sales price. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

Today, more than 13 percent of homeowners are delinquent on their mortgage or in the foreclosure process. This is occurring across all price ranges, and the fastest-growing category of homes in foreclosure is the luxury home market.

“The CDPE Education has been invaluable as I work with homeowners and lenders on complicated short sales,” said Turner. “It is so rewarding to be able to help families save their homes from foreclosure.”

Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that agents such as Wayne Turner with the CDPE Designation have valuable perspective on the market, and training in short sales.  Turner offers homeowners real alternatives to foreclosure, which can be devastating to credit ratings, future employment and security clearances.

“Turner better understands market conditions than the average agent, and can help home owners through the complications of foreclosure avoidance,” he said.

The Distressed Property Institute trains real estate professionals on how to help homeowners in distress, with a particular emphasis on handling short sales.

“Our goal is to help as many homeowners as possible, by educating as many real estate professionals as possible,” Charfen said. “Wayne Turner has demonstrated a commitment to home owner’s challenges in this market, and will provide much-needed assistance in stabilizing the community.”

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Turner Real Estate Group - 111 N. Causeway Blvd., Suite 101, Mandeville, LA 70448.  985-626-1313. 
Broker licensed in Louisiana and Tennessee. Sales Associates licensed in Louisiana.
Mandeville Real Estate - Covington Real Estate - Slidell Real Estate