FHA Lenders Offer Cash for Keys (Deed in Lieu of Foreclosure)

FHA lenders offer cash for keys


WASHINGTON – Oct. 13, 2009 – The Federal Housing Administration (FHA) is giving struggling borrowers an opportunity to deed their property over to the lender in exchange for up to $2,000.

Under the Cash for Keys program, borrowers with FHA-backed loans who agree to a deed-in-lieu-of-foreclosure do not have to repay the mortgage.

To qualify, owners must face long-term financial hardship, put the house on the market at a fair price for at least 90 days, face no additional claims or liens other than the first mortgage on the house, and leave the property clean and in good condition.

Source: Sarasota Herald-Tribune (FL) (10/12/09) P. D12; Bayles, Tom
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=225149
© Copyright 2009 INFORMATION, INC. Bethesda, MD

Bankruptcy Sale - Bring Offers

BANKRUPTCY FORCES SALE!
623 SW 39th Terrace
Cape Coral, FL 33914

Court Priced to Sell at Just $329,000 - Court Wants Any Reasonable Offer!!

Click Here for Photos and Info:
http://www.InvestFloridaRealty.com/listings/623-sw-39-terr.htm

3-Bedroom / 2-Bath / 2-Car Garage
Pool with Screened Lanai
Waterfront with Boat Dock

Bankruptcy Forces Sale of this beautiful Cape Coral waterfront home with 3-bedrooms, 2-baths, 2-car garage, and pool with screened lanai and entertaining area. The spacious eat-in kitchen also features new granite counter tops and newer appliances. The separate laundry area also includes washer, dryer, and basin tub. All appliances are included in the sale.

Conveniently located across from a private school and within walking distance to Wal-Mart Neighborhood Grocery Store. The property is located just North of Mohawk Parkway and just East of Skyline Boulevard on SW 39th Terrace in Cape Coral.

All three bedrooms, the living room, and the kitchen have direct water views. French doors open from the master bedroom to the lanai and sliding doors open from both the living area and the kitchen to the lanai. The home offers tile floors throughout and also includes ceiling fans. Please note that all contracts must be approved by the court-appointed trustee, but they are begging for offers. Easy to show - call us today to visit your new home!

Sold As-Is with Right to Inspect. House is ready to move-in - just a few minor touches to make it your own.

Highlights:
Bankruptcy Forces Sale
Contracts Must Be Approved by Court Trustee
Great Price!
3 Bedrooms
2 Full Bathrooms
2 Car Garage with Automatic Garage Door Opener
Large Swimming Pool
Screened Lanai Pool Enclosure
Large Covered Entertaining Area at Pool Deck
Waterfront Home on Canal
Boat Dock
Ceramic Tile Throughout (no carpet)
All 3 Bedrooms, Living Room, and Kitchen Have Water View!
Separate Dining Area
Kitchen
Newer Appliances
Refrigerator
Range/Oven
Microwave
Dishwasher
Granite Counter Tops
Island / Breakfast Bar
Separate Laundry Room
Washer
Dryer
Basin Tub

Click here for photos and info:
http://www.InvestFloridaRealty.com/listings/623-sw-39-terr.htm

As always, thank you for the opportunity to earn your business.

All the best,

--Branon A. Edwards
Licensed Real Estate Broker and Mortgage Broker
786-417-4910 Direct Phone
786-524-5747 Direct Fax
Branon@InvestFloridaRealty.com
http://www.InvestFloridaRealty.com

Real Estate Office:
Aqualand Realty, Inc
8359 Stringfellow Road
Saint James City, FL 33956 USA

Mortgage Office:
Mainland Mortgage Corp
2807 E Commercial Blvd
Fort Lauderdale, FL 33308

Apply for a Mortgage Online:
http://www.MainlandMortgage.com/apply-fora-loan.shtml