Short Sale
Buying a Short Sale home from a short sale seller means a lot of paperwork and documentation requested by sellers lender. Different lender - different requirements.
In a Fort Lauderdale short sale home, Seller must disclose to a prospective buyer that they anticipate a short sale situation. Every short sale seller must inform the Real Estate Professional of any and all liens on their property and any changes which may occur in the future.
With almost every Fort Lauderdale short sale, home owner will need to provide to the lender(s) follow documentation:
- Hardship letter explaining why they can no longer make payments
- Authorization letter for Realtor or professional negotiator to speak with lender
- Financial analysis form
- Financial updates and forms
- Tax returns, pay stubs, bank statements
- Other items may be required by your lender
Please note that a short sale process and a contract for purchase submitted for a short sale approval will not automatically stop a foreclosure sale. Many lenders will proceed with the Foreclosure procedure, and time is of the essence in a short sale procedure. A foreclosure sale may be postponed by the lender upon acceptance of a short sale agreement, but a postponement is not automatic. A foreclosure may be reinstated after a postponement without further notice to the seller.
Seller Notes
Seller is hereby notified that Broker is not qualified to provide financial, legal or tax advice regarding a short sale transaction. Therefore, the Seller is advised to obtain professional tax advice and consult independent legal counsel immediately regarding the tax implications and advisability of entering into a short sale agreement.
Not all Sellers will qualify for a short sale approval!
If you stop paying your mortgage, you could lose your home and damage your credit.
Short Sale Buyer
Even though the seller may have accepted your offer for a Fort Lauderdale Short Sale, the contract is not valid until the lender accepts the offer and gives you a written Short Sale Agreement Notice. You may have been waiting for weeks for an
answer and another offer with better terms may be submitted to the seller and lender.
As a buyer you may continue to look at other properties here, in case your offer will not be accepted by a lender and you may cancel this contract for any reason before it is accepted by the lender, including when you find a property you like better.
READ MORE HERE
Caribe Condos Lauderdale Sea
Caribe is a co-op located at the southern tip of Lauderdale by the Sea or at the northern tip of Galt Ocean Mile right at the ending/ beginning of Elmar Drive. Perfectly situated right
Perfectly situated right on the Atlantic Ocean and built with every unit having southern and northern exposure in mind. The views are outstanding with upper floor units overlooking the ocean and the city of Fort Lauderdale. Caribe was built with a unique angle to give their residence the most exposure possible.
Find similar condos for sale at the Caribe Lauderdale Sea.
LOOKING FOR A HOME IN CARIBE – LAUDERDALE BY THE SEA?
Interested in finding your new condo in Caribe-Lauderdale by the Sea click this link to all homes available in Caribe.
Caribe is a co-op with a total of 150 Units. The majority of the building units are 1 bedroom/ 1 bath condos to be exact 120 units. The remaining 30 units are 2 bedroom/ 2 bath. Most 2 bedroom apartments are end units to the building with additional side view to the ocean or the city.
The size of the units differs depending on the location in the building.
WHAT’S LIVING IN THE CO-OP LIKE?
Homes at the Caribe in Lauderdale by the Sea are 1 bedroom and 2 bedroom units. The Caribe offers a resort style living right at the Atlantic Ocean with direct Ocean Access from the property. The property was built in 1962 with 1 bedroom and 2 bedroom units. There are no washer and dryer allowed in the units, but a common laundry area is on each floor. Each unit as well has their own storage on the same floor.
The size of a 1 bedroom unit is approximately 660 sq ft and a 2 bedroom is approximately 880 sq ft. all with at least north and south exposure.
Currently, as of this writing in 2014 the association fee for 1 bedroom unit was assets at $420 per month and for a 2 bedroom unit $631 per month. Amenities offered in Caribe are a 24h manned security, BBQ area, Shuffleboard, heated pool, Exercise room, Community room with full-size kitchen, Management in the building, Vehicle wash, and Bike storage.
Caribe has a no rental and no pet (except certified service animals) policy for their building.
WHAT’S GOING ON IN LAUDERDALE BY THE SEA?
Lauderdale by the Sea is located between the Intracoastal waterways to the west and the Atlantic Ocean to the east. There is a major hospital (Holy Cross) less than 2 miles from the neighborhood as well as just about every kind of conceivable shopping in walking distance. The Lauderdale by the Sea town center is just down the street and has everything from restaurants to a wonderful local coffee shop. In the evenings you will want to take a stroll down to enjoy dinner at 101, have an Ice cream at Kiwanis and a drink at Aruba a great neighborhood bar. On weekends, it is not uncommon to have block parties right at the Lauderdale by the Sea town center with local bands entertaining the crowds.
Find out everything that is nearby including places of worship, banking, shopping, Attractions and recreation and much more on my website.
NOW YOU REALLY WANT TO FIND A HOME HERE, RIGHT?
If you are interested in the current homes for sale at the Caribe-Lauderdale by the Sea Condos; click on the link. Our ‘for sale’ property information is a direct feed from the Greater Fort Lauderdale Realtor MLS and is updated multiple times per day.
Caribe Condos in Lauderdale by the Sea
4050 North Ocean Dr., Lauderdale by the Sea FL 33308
brought to you by
Annett T. Block
(954) 543-1794
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Florida Connects considers the South Florida real estate market as a potential "safe haven" for investors due to its historical market resilience and continued demand. However, it is important for all potential real estate buyer, seller and investors to understand that "safe haven" does not imply a guarantee of investment protection or immunity from losses. Real estate markets can be influenced by a variety of factors including economic shifts, changes in tax laws, and natural events which can affect property values and market dynamics. We advise all potential prospects, customer, clients to conduct thorough due diligence and consider obtaining professional advice tailored to your individual financial circumstances before making any real estate buying, selling or investment decision.
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Phone: 954.543.1794
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