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.
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STARLIGHT TOWERS CONDOS IN LAUDERDALE BY THE SEA
Starlight Towers Condos In Lauderdale by the Sea you can find similar condos for sale.
Starlight Towers is a fabulous Oceanfront community right in Lauderdale by the Sea. Condo units offer breathtaking direct ocean views others with a great view over the city of Fort Lauderdale. The location is within easy reach to Sea Ranch Lakes shopping center including a Publix supermarket, CVS pharmacies, banks, hair salons, nail salon, restaurant and bars and many more.
If you go a little further south you will reach Lauderdale by the Sea ‘s famous Town Square with Anglins Fishing pier, many restaurants, bar’s and little souvenir shops. There is always something going on if it is dancing at Ocean Plaza, weekend bands on Elmar, Drum Cafe’s performance at the Beach Pavilion …you will not get bored.
Condo Units at Starlight Towers
Starlight Towers Condos In Lauderdale by the Sea offer 116 units within 16 floors accommodating 1 bedroom/ 1 bathroom and 2 bedroom/ 2 bathroom units. The size of the units vary for 1 bedrooms between 600-800 sq ft and 2 bedrooms are offered between 900 – 1,245 sq ft. Each unit has a gorgeous balcony with glass railing and fantastic views.
A great plus is the buildings own generator, so no worries if the power goes out – backup is available. The building has been updated with hurricane impact windows and sliders throughout.
Many units offer updated kitchens with granite countertops and newer appliances. Floors have been chosen by personal taste some are hardwood, some are tiles and some with carpets. Many units offering washer/ dryer in the unit.
Condo Association at Starlight Towers
A great offer to owners within the association allowing them to rent their unit twice a year immediately after taking ownership. Each unit has one assigned parking spot starting with the new ownership. Most likely parking will start at an uncovered spot but moving over time to a covered parking place on a first come, first come serve assignment.
Starlight Towers Condos In Lauderdale by the Sea are located directly on the ocean and offers private heated pool, clubhouse and private access to the ocean. In addition vehicle wash, Shuffle Board, BBQ with picnic area and kitchen facilities at the clubhouse are offered.
Monthly HOA fees covering the cost of security, management company, pool service, parking, water and sewer, trash removal, all amenities and building insurance.
Sorry, NO PETS allow if not registered as your service animals.
Starlight Towers Condos in Lauderdale by the Sea
The Starlight Towers in Lauderdale by the Sea are a great place to live with being it a primary or a vacation home right on the beach. You will not be disappointed if you end up living here for good. You can find condos for sale in Starlight Towers (if there are any available today) as well all available Lauderdale by the Sea Condos for sale on my website.
Starlight Towers Condos in Lauderdale by the Sea
6000 North Ocean Blvd.
Lauderdale by the Sea, FL 33308
Any question contact:
Annett T. Block
Florida Connects Inc.
(954) 543-1794
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Build with 🧡 by Florida Connects
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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Florida Connects Incorporated
PO Box 480154
Fort Lauderdale, FL 33348
Phone: 954.543.1794
Email: [email protected]
