Gulf Front Short Sale in Water's Edge 158 Geoff Wilder as Craig's Top Distressed Property Pick for May 17 2010

May 17, 2010 By Leave a Comment

Water's Edge is a fabulous gulf front community that borders Rosemary Beach. This small community in Seacrest Beach is close to the areas best restaurants, shops and community activities. This amazing Gulf Front Short Sale offers amazing Gulf views from all three floors of the home. What I like best about the home is the abundance of usable space available with the home. This home in Water's Edge has a two car garage, an elevator, two kitchens, a separate lock out guest quarters, two fireplaces and a spacious living area.  If you are looking for an amazing gulf front home with room for a family and guests under $2 million, this is the home for you!

Water's Edge Homes for Sale

158 Geoff Wilder in Water's Edge

Gulf Front Distressed Property

This beautiful 4BR/4.5BA Gulf Front home sits within the exclusive Waters Edge subdivision located in popular Seacrest Beach. Enjoy exquisite beach front views from every angle at anytime of day! This property is truly a wonderful setting. The house features a spacious floor plan including separate lockout guest quarters. two kitchens, hardwood & tile flooring, elevator, two fireplaces, two car garage, and more! This property will be great for personal residence, or can sleep over 10 people as a vacation rental! Don't miss out on this extraordinary gulf front opportunity.

 

Gulf Front Short Sale 158 Geoff Wilder
Offered at $1,850,000
3,007sf
4 Bedrooms, 5 Full Baths, 1 Half Bath
Built in 2002

If you are interested in buying a distressed property on Scenic 30-A or if you are interested in Team Baranowski listing your home. Please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email  us info@teambaranowski.com.

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Seanest Village Short Sale 215 Sand Oaks Circle as Craig's Top Distressed Property Pick March 8 2010

March 8, 2010 By 1 Comment

Short Sale: Reduced to $525,000 call 850.259.1788!

Seanest Village is a small coastal community located in the heart of Seagrove Beach on Scenic Highway 30-A. The subdivision borders the State Park and has one of the most gorgeous community pools on 30-A. 

215 Sand Oaks Circle is a short sale in Seanest Village with gulf views and is nestled on Scenic 30-A.  At it's current offer price of $559,000 you are getting 30-A frontage land for free!

30-A Short Sales

30-A REO and Bank Owned Property

215 Sand Oaks Circle

 
215 Sand Oaks Circle in Seanest Village
Currently offered at $559,000
2,759sf
$202/sf
4 Beds
4.5 Baths

If you are interested in buying a distressed property on Scenic 30-A or if you are interested in Team Baranowski listing your home. Please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email  us info@teambaranowski.com.

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Most Expensive Distressed Homes Sold in South Walton Beach for 2009

January 11, 2010 By 3 Comments

In 2009 we had an increase of 309% for short sales and foreclosures sold according to the Emerald Coast MLS and our year end market analysis. With moratoriums on foreclosures ending in 2010, we expect to see dramatic increases in distressed property including short sales and foreclosures. All market segments have been affected by the real estate market crash and along Scenic 30-A there were some very expensive homes sold as distressed properties in 2009.
Most Expensive Short Sales and Foreclosures in South Walton

Most Expensive Short Sales and Foreclosures in Panama City Beach East

#1 Most Expensive Distressed Home Sold in South Walton Beach – 52 S Founders Lane in WaterSound Beach

One of the most exquisite homes in WaterSound Beach. This 5,000sf home was designed by Dungan-Nequette Architects and centers around an exceptionally beautiful heated salt water pool, surrounded by an antique French stone courtyard with dining area. True, rough-hewn cedar shakes clad its exterior walls and roof. Custom cabinetry, eight-inch whitewashed Pine on all of the walls along with four-inch whitewashed pine on the ceilings throughout the house are just a few of the amazing details inside this home. Originally offered for $6.7million in 2007 this WaterSound Beach home was sold for a steal at $2.4 million in September 2009 as a short sale.

#2 Most Expensive Distressed Home Sold in South Walton Beach – 274 Cove Hollow in WaterColor

This amazing 4,601sf home with a Carriage house in WaterColor has breathtaking views of Western Lake and views of the gulf from the over-sized porches.This rare lakefront home resides in the highly sought after Cerulean Landing district in WaterColor.  WaterColor homes have been hot properties for 2009 and this waterfront property with gulf views was one of the best deals to be had in WaterColor for 2009. This home in WaterColor sold for $1,810,000 in April of 2009 as a short sale. $393/sf for waterfront in WaterColor!  

 

#3 Most Expensive Distressed Home Sold in South Walton Beach – 286 Blue Mountain Beach in Santa Rosa Beach

This magnificent gulf front estate in Blue Mountain Beach was an extreme distressed short sale. At 4,711sf this gulf front home was sold for $1,800,000 in February 2009 for $382/sf! A price that we will never see again for a gulf front home and a home of this quality. With gross rental income of $120K in 2008 this home is truly one of the BEST distressed deals for 2009!

 

 

 

Team Baranowski is the leader in negotiating Short Sales along the emerald coast. We had a 100% success rate with Short Sales in 2009!

If you are a troubled homeowner, or have a family member or friend facing foreclosure, please give us a call for a confidential consultation about the possibility of a short sale. Call Craig Baranowski at 850.259.1788 or email us @ info@teambaranowski.com.

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New Short Sale Guidelines Encourage Sweeping Changes to Short Sale Process

December 2, 2009 By 5 Comments

It has been a very long year fighting everyday to save homeowners from foreclosure. It is a daily challenge to push short sales efficiently and effectively through the short sale process. I have been actively involved in national short sale advocacy groups and we have been demanding changes to a broken short sale process. Two years ago when we started our first short sales, it was a difficult path of paving a road never traveled. As short sales become more prominent we saw changes and guidelines help streamline and encourage lenders to participate in foreclosure prevention programs under the Making Home Affordable Program or Home Affordable Alternatives Program (HAFA). These programs encouraged mortgage modifications and offered some incentives for shorts sales and deed in lieu of foreclosures. However, the program struggled to offer real solutions to an epic problem plaguing our country’s real estate market.

Today’s announcement by the Treasury Department is the next critical and potentially monumental step to making a difference in offering homeowners a real foreclosure alternative. With over 88% of our distressed inventory in Okaloosa, Walton and Bay County being short sales…this is a very significant and much needed change…or as I would call it the necessary lifeline to get through this current real estate crisis. The plan is designed to accelerate the necessary agreements between lenders, real estate agents, buyers and sellers.

Here is a quick break down of the new guidelines…will it change short sales overnight? No. But we have yet to see the bulk of short sales and 2010 will be an epic year for short sales and foreclosures!

The program’s official name is the Home Affordable Foreclosure Alternatives Program (HAFA), and it’s part of an existing initiative, the Home Affordable Modification Program (HAMP). HAFA applies to loans not owned or guaranteed by Fannie Mae or Freddie Mac, which cover over half of all U.S. mortgages; however, Fannie and Freddie will issue their own versions of HAFA in coming weeks.

While HAFA’s goal is simple – increase the number of short sales and “deeds in lieu of foreclosure” by simplifying the process – the rules are complex, and it comes with 43 pages of guidelines and forms. Among other things, HAFA:

• Allows borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).

• Prohibits servicers from requiring a reduction in the real estate commission agreed upon in the listing agreement (up to 6 percent).

• Requires borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed.)

• Provides financial incentives: $1,500 for borrower relocation assistance; $1,000 for servicers to cover administrative and processing costs; and up to $1,000 for investors.

The program does not take effect until April 5, 2010, but servicers may implement it before then if they meet certain requirements. The program sunsets on Dec. 31, 2012.

To qualify under the new guidelines:

  • The property must be the homeowner’s principal residence.
  • The homeowner is delinquent on the mortgage or default looks likely. Homeowner is insolvent.
  • The loan was made before Jan. 1 this year and is less than $729,750
  • The borrowers’ total monthly mortgage payment exceeds 31 percent of their before-tax income.

Read the HAMP NEWS RELEASE

Read the complete 43 page SHORT SALE GUIDELINES

If you are a troubled homeowner, or have a family member or friend facing foreclosure, please give us a call for a confidential consultation about the possibility of a short sale.  Call Craig Baranowski at 850.259.1788 or email  us @ info@teambaranowski.com. Team Baranowski has a 100% success rate for all of our short sales for 2009!

This site, Craig Baranowski or Keller Williams Realty is not providing legal or tax advice. The information provided is for educational and informational purposes only. It is recommended that sellers considering a short sale should consult an independent legal and tax adviser for more information.

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Home in The Preserve at Grayton Beach 386 Morgan's Trail as Craig’s Top Investment and Distressed Property Pick for July 17, 2009

July 21, 2009 By 1 Comment

Every week I pick a top investment and distressed property pick. This week I chose a wonderful home in the Preserve At Grayton Beach subdivision. I picked 386 Morgan’s Trail in The Preserve at Grayton Beach. This property is located on the north side of 30A in the wonderful Preserve At Grayton Beach development.  The Preserve has two pools and deeded beach access. This development has excellent potential once it is fully built out.  Right now it nice quiet neighborhood with some beautiful homes already built. 386 Morgan’s Trail is a bank owned property.

Home in The Preserve at Grayton 386 MORGAN’S TRAIL

Homes in The Preserve at Grayton

What I like best about this property is it’s size and value for the property. This is a 4 bedroom 4 bath 2,675sf gem for $544,000. It has great porches and a gulf view from the 3rd floor porch.  The house is tricked out with all of the essentials hardwood floors, granite counter tops, tile and top  grade fixtures. The home has a great floor plan. At $544,000 this is $203/sf for a NEW home. It is Bank Owned so it is ready to go.

If you are interested in this distressed home in The Preserve at Grayton Beach or would like to preview other homes in Grayton Beach. Please give Tracy Baranowski 850.259.4270 or Craig Baranowski  a call at 850.259.1788 or email  us info@teambaranowski.com.

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Podcast 30A Radio – Real Estate Round Up: Rosemary Beach Luxury Home and South Walton Survey Results, July 10 2009

July 11, 2009 By Leave a Comment

30aradio_real_estate_roundup_podcast_small1Podcast #7 of Real Estate Round Up, South Walton’s Real Estate News hosted by Craig and Tracy Baranowski on 30A Radio. Weekly broadcast is at 9am CST on 107.1FM in beautiful Seaside Florida, visit www.30aradio.org for a complete program guide. This show covers: South Walton Market Survery from Seaside 4th of July Parade, a beautiful Rosemary Beach  Home as Tracy’s Top Luxury Pick of the week, a  Grayton Beach Home as Craig’s Top Investment and Distressed Property Pick of the week,  recent events in South Walton 30A Area, National Real Estate News, and Celebrity Real Estate News.

Podcast: Play in new window | Download

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Home in Grayton Beach 8 Gulf Mark Lane as Craig’s Top Investment and Distressed Property Pick for July 10, 2009

July 10, 2009 By 2 Comments

Craig’s Top Investment Pick 8 Gulf Mark Lane in beautiful Grayton Beach Florida

Every week I pick a top investment or distressed property pick. This week I picked a wonderful home in the Grayton Cove subdivision.

Home in Grayton Beach 8 GULF MARK LANE

Homes and Condos in Grayton Beach Area

This property is located on the north side of 30A and is within walking distance to the Grayton Shops. Grayton Cove is a quiet subdivision just north of Grayton. This is a bank owned property.

What I like best about this property is it’s value compared to other homes in the area. This is a 5 bedroom 4. bath 2,261sf gem for $309,900. It was recently reduced on July 1st from $324,000. I really like the light pine hardwood floors and the stone fireplace, the dark oil rubbed bronze hardware and light fixtures and granite counter tops. The natural earth tones of this home make this house look amazing. The kitchen has hit all the marks with its layout, appliance package and ample cabinetry. The kitchen has a gas range which is not common in many areas on 30A. The bathrooms are highlighted with slate tiles that really make the house pop. At $309,900 this is $137/sf for a BRAND NEW home. It is Bank Owned so it is ready to go. This is an amazing deal and will not last long.

If you are interested in this distressed home in Grayton Beach or would like to preview other homes in Grayton Beach. Please give Tracy Baranowski 850.259.4270 or Craig Baranowski  a call at 850.259.1788 or email  us info@teambaranowski.com.

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Home in Seacrest Beach 222 Blue Crab Loop as Craig’s Top Investment and Distressed Property Pick for July 3, 2009

July 3, 2009 By 2 Comments

Craig’s Top Investment Pick 222 Blue Crab Loop in beautiful Seacrest Beach Florida

Every week I pick a top investment and distressed property pick. This week I picked a wonderful home in the Seacrest Beach subdivision.

Home in Seacrest Beach 222 Blue Crab Loop

Homes and Condos in Seacrest Beach

This property is located on the north side of 30A and is within walking distance to Rosemary Beach. Seacrest Beach has been a very strong performer for investments and delivers excellent rental income. The development consists mostly of short term rentals and vacation homes. However, there are a few full time residences. Seacrest Beach has a tram service to their deeded beach access and an amazing 12,000sf pool. Families absolutely love this pool.

What I like best about this property is it’s features compared to other homes in the area. This is a 4 bedroom 4.5 bath 2,950sf gem for $624,500. This is one of the largest homes in Seacrest Beach and it sits on one of the largest lots in the development. It has room for a pool or carriage house. This is a short sale. Where this home shines is it’s huge open kitchen and great room for entertaining. A massive pantry area, a huge 2 garage which is a premium in Seacrest Beach. Every room is large in size with big closets and function able bathrooms. The house is tricked out with a gas range, two dishwashers, an ice machine, a wine cooler, a central vacuum system, gas fireplace, hardwood floors, extensive trim work, 10’ ceilings. This home has it all.  Peak appraised value on this house was around $1.175mil. This is $550,500 off a peak value in a thriving community. At $206/sf. This is an amazing price. A true rare gem and a steal for Seacrest.

If you are interested in this distressed home in Seacrest Beach or would like to preview other homes in Seacrest Beach. Please give Tracy Baranowski 850.259.4270 or Craig Baranowski  a call at 850.259.1788 or email  us info@teambaranowski.com.

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Craig’s Top Investment and Distressed Property Pick for June 26, 2009

June 26, 2009 By 1 Comment

Sandestin’s Top Investment Pick Tuscana 1838 Tuscana Way #4 in Sandestin

Every week I am going to pick a top investment and distressed property pick for the South Walton Area. This week I went to look at one the best deals in Sandestin.  This property is located in Tuscana at Sandestin and overlooks the 12th green of the Raven Golf Course. This beautiful neighborhood in Sandestin reflects the very cool Tuscan villa theme. The Italian style design is carried throughout with elements such as tile roofs, turrets, stone work, washed stucco, exposed rafters and beams, and curved windows.  The interior is tricked out with natural stone floors and distressed wood floors, stone fireplaces, custom wood doors, and rustic iron work. This attached single unit comes with all the Sandestin amenities that owners love: gated neighborhood, tennis center, spa, full service marina, Choctawhahatchee bay, 4 championship golf courses, the shops of Grand Boulevard, Village of Baytowne Wharf and the amazing sugar white sand beaches of the gulf.

What I like best about this property is long term potential. This is a 3 bedroom 2.5 bath 2,638sf gem for $650,000 already approved short sale! Two other units went under contract in less than 2 days so this unit will not last long at this price. It was built in 2006 and is in excellent condition. Peak value on this house was around $1.7mil and was purchased for $1.5mil in 2006! This is $850,000 off original purchase price or a 67% price reduction. That is an insane value! A true rare gem and a steal for Sandestin. The HOA dues are $247 a month which is incredibly low for a community in Sandestin.

1838 TUSCANA WAY 4, MIRAMAR BEACH, FLORIDA 32550

Click here to view all Sandestin Distressed Property

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Home Sales Stabilizing; Weak Recovery Seen across United States. What is South Walton's Outlook?

June 25, 2009 By Leave a Comment

Nationwide home sales may have finally hit bottom, new data shows, but a host of thorny problems are hindering any recovery.

Sales of previously occupied homes rose by 2.4 percent from April to May – the third monthly increase this year – but the results missed analysts’ expectations.

Home sellers are still competing against a growing number of bargain-priced foreclosures, buyers are paying higher mortgage rates and new rules for property appraisers are delaying or scuttling many deals. We have seen a number of deals in Walton County be pushed out due to lengthy short sale processes and other delays.

The National Association of Realtors said Tuesday that home sales rose to a seasonally adjusted annual pace of 4.77 million, up from a downwardly revised rate of 4.66 million in April.

About one in three homes sold last month was a foreclosure or distressed sale, dragging down the median price to $173,000 – 16.8 percent below a year ago. We are seeing a higher percentage in the South Walton Area of Distressed Property sales.

The size of the price drop, however, reflects a crush of first-time buyers and investors snapping up distressed priced homes. A government home price index also released Tuesday showed home prices were flat between March and April. That index, however, only measures the values of homes with government-backed loans, so it underestimates the weakness at the top end of the market and doesn’t include many foreclosures.

The bursting of the housing bubble helped push the U.S. economy into the worst financial crisis in seven decades. Now the economy is hobbling the recovery of the real estate market. Corporate layoffs are forcing more cash-strapped homeowners to miss their monthly mortgage payments. Unemployment, currently at 9.4 percent, isn’t expected to peak until mid-2010 and foreclosures should crest about six months after.

“We’re in the bottom of the seventh-inning” of the housing crisis, said Mark Zandi, chief economist at Moody’s Economy.com.

But there’s still a risk the housing bust could go into extra innings.

Interest rates, for example, have climbed back from their all-time lows this spring. The average rate on a 30-year, fixed-rate mortgage was 5.38 percent last week, according to Freddie Mac.

Mindful of the negative trends, Patrick Newport, an economist with IHS Global insight, says home sales could fall another 9 percent from last month’s levels. “Things are going to get a little bit worse,” he said.

Nevertheless, there are other signs the market is turning around. The number of unsold homes fell 3.5 percent in May. That means there’s a 9.6 month supply at the current sales pace, compared with 6 months or fewer in a normal market. Activity in the South Walton real estate market has been progressively increasing and showing signs that the market is beginning to stabilize.

The inventory figures, however, don’t reflect the large number of houses being held off the market by owners who are reluctant to sell while prices are falling.

Meanwhile, another complication has emerged in recent months: New rules designed to tackle conflicts of interests in the property appraisal process have caused many transactions to fall apart or be delayed.

Responding to widespread complaints about inflated appraisals during the real estate boom, New York Attorney General Cuomo reached a pact last year with mortgage companies Fannie Mae and Freddie Mac on a new code of conduct for the industry.

Since the rules took effect May 1, real estate agents and mortgage brokers say a number of appraisals are coming in surprisingly low. And now the National Association of Realtors is pressing regulators to put an 18-month hold on the code, arguing in a letter Monday to regulators that it the code is “hampering the housing market’s recovery.”

Look for a complete South Walton Update next week on the Real Estate Round Up Radio show as we close out the second quarter of 2009.

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Home Short Sale Flips Nixed in Florida

June 19, 2009 By Leave a Comment

We have talked about the option contracts with short sales. It may be a bit tougher now for investors to flip short sales for big profits. Attorneys’ Title Insurance Fund notified its 6,000 member lawyers this week that it will not insure deals made with a popular – but controversial – method for closing flips of short sales.

In a letter to lawyers, the fund said it has become aware of short sale programs advertised on the Internet that promise to make investors lots of money with little or no work.

The letter says they involve investors entering option deals with homeowners for “the exclusive right to purchase their property for a period of time.” The investor negotiates a short sale with the mortgage holder by convincing it that the price it is offering is the market value of the property. The investor then finds a buyer for a much higher price. The sales happen simultaneously, and the investor pockets the difference. The problem is that “the original lender is not told that the buyer is flipping the property on the same day for thousands more than the lender has been told is the market value of the property.” The option contract method has been gaining steam as a way to work off inventory in a bad real estate market. Critics say mortgage holders are misled and don’t realize they could be selling for more.

If you or someone you know is looking at buying or selling distressed property…rely on the experts, The Distressed Property Experts of Team Baranowski! We will handle your short sale professionally and ethically.
Note: The information provided is for informational purposes. No legal advise is given or implied. Please check with a qualified attorney in your area

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Clean The Ways of Messy Neighbors

June 19, 2009 By Leave a Comment

The South Walton and Panama City Beach Area are experiencing a high number of foreclosures and abandoned property. A recent article by the Florida Association of Realtors reports that a “neighbor from hell” can reduce the value of your property by as much as 20 percent. Here are some suggestions to fixing the problem:

1.     Reason with the neighbor and engage in a positive discussion about fixing the issue.

2.     Suggest the neighbor to do the work themselves. This works for abandoned properties or because owners are unable to do the work or can not afford to do the work.

3.     Have your realtor help mediate and be a third party to the discussion.

4.     Communities have mediation services that can resolve the problem harmoniously.

Don’t let an abandoned property affect your homes property values. If you or someone you know is looking at buying or selling distressed property…rely on the experts, The Distressed Property Experts of Team Baranowski!
Note: The information provided is for informational purposes. No legal advise is given or implied. Please check with a qualified attorney in your area.

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Bank of America formerly Countrywide short sale process streamlined?

June 12, 2009 By 537 Comments

Update: Bank of America Positive Changes to Their Short Sale Program

Countrywide was one of the largest home loan providers in the United States, as a result they have been overwhelmed with a staggering number of foreclosures and short sales. During the last twelve months they have received a large amount of bad press and has earned a bad reputation for taking an excessively long time to process a short sale. In some cases Countrywide has taken as long as 8 to 9 months to approve a short sale. In the process the seller get discouraged, buyers walk from the transaction and Realtors lose faith in a system that seems fundamentally broken. Bank of America’s purchase of Countrywide appears to have only exacerbated the problem.

In recent months we have seen and heard of talks about a streamlined short sale process and incentives being put in place by the Obama Administration under the Making Home Affordable Program. This program is targeting to prevent homeowners from foreclosure with alternative options including mortgage modifications, short sales and deed of lieu of foreclosures. You can read more about the program here.

We have yet to experience any tangible changes to Bank of America’s short sale process however, this letter to one of our customers is a sign that they are acknowledging and trying to define a standardized short sale process. In this letter Bank of America is expecting the short sale process to take 30-40 days to complete. If the loan was sold to an investor it will take an additional 20 days to process. This would make the entire process from start to finish 60 days. Our experience with dozens of  Bank of America – Countrywide short sales has been anywhere from 3 months to 6 months.

If we could get close to a 30-40 day turn around on short sales with Bank of America it would be almost magical and welcome any changes to improve the process. Click here to view the letter from Bank of America.

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Relief for military homeowners in financial distress

June 5, 2009 By 1 Comment

The economic downturn and the crashing of the real estate market have put millions of homeowners in financial distress. This financial crisis has spread far and wide and is impacting members or our military who are forced to sell their homes in a down market due to a relocation. Military homeowners who must sell their homes for a loss after receiving transfers orders are eligible for aid that could mean thousands of dollars in reimbursements from the federal government. Recently, the Departments of Defense has published guidelines for a $555 million program to help military families that have had to relocate.

Members of the Armed Forces permanently reassigned during the mortgage crisis can recieve aid if they meet these guidelines:

1. Permanent reassignment requires move of more than 50 miles.

2. Reassignment ordered between 1 February 2006 and 31 December 2009.

3. Property purchased (or contract to purchase signed) before 1 July 2006.

4. Property sold by owner between 1 July 2006 and 1 May 2010.

5. Property was the primary residence of the owner

6. Owner has not previously received these benefit payments.

To find out more information visit the DOD HAP website by clicking here.

If you do not directly qualify for this program, there are more options under the Servicemembers civil Relief Act (SCRA). It is important to remember that lenders and working hard to help homeowners prevent foreclosure especially for our military. Foreclosure alternatives include; forbearance, reinstatement, short sale, mortgage modification and deed in Lieu of foreclosure. You can read more about these terms here.  It is in the lender’s best interest to help you.

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Keller Williams Emerald Coast forms a Distressed Property Division to help homeowners in danger of foreclosure

May 30, 2009 By Leave a Comment

Keller Williams Emerald Coast is pleased to announce the creation of a Distressed Property Division specifically aimed at helping homeowners in danger of foreclosure. “This is a tremendous milestone for Keller Williams Emerald Coast. We have over 100 active distressed properties including pre-foreclosures and short sales. Being able to leverage our extensive experience in a single focused division is a win-win for our customers,” said Team leader Jeff Adamson.

“With the addition of Team Baranowski we are able to assemble a team of Realtors with deep experience handling short sales and distressed properties. We now have a vast network of expertise to draw from to help homeowners,” Jeff Adamson said.

“Our primary objective is to help the home owner or investor in this distressed market,” said Craig Baranowski of Team Baranowski.  Keller Williams as a company is always concerned with community betterment and the addition of a team specializing in distressed properties was a natural fit.  Team Baranowski has been focusing on short sales and pre-foreclosures for over the past two years with great success.  “We have heard a lot of hard luck stories but we have also helped a number of amazing families.  I like knowing that our individual efforts go directly into bettering our local community,” said Tracy Baranowski.

Team Baranowski has comprised a group of professionals that work diligently to increase the success rate and decrease the overall time frame of the typical short sale.  Short sales can offer a very positive alternative to foreclosure for both the home owner and the banks involved.  Recent governmental changes directed by the Obama administration have helped to stream-line the short sale process.  “This is wonderful for everyone involved,” said Joe Baranowski. With open communication and thoroughness Team Baranowski has found a way to successfully move distressed inventory, which in turn benefits everyone in the community.

“Selling and purchasing pre-foreclosure property is a detailed process.  We have assembled a team of negotiators, lawyers, closing agents, contractors, and Realtors that can make the buying and selling of distressed property extremely successful,” Joe Baranowski said.  With the real estate market ever changing it is important to have experienced professionals on your side.

Working with a real estate company that specializes in short sales and pre-foreclosures is extremely important to the end user.  For the seller, being able to finalize a short-sale with success will ultimately allow them to prevent a foreclosure.  For the buyer, being able to successfully purchase a distressed property can very well present them with an investment opportunity of a life time.  Whether you are in need of selling a distressed property or looking to purchase a distressed property, Keller Williams Emerald Coast is the company you can look to.

The Keller Williams Realty Emerald Coast Market Center opened in 2001, currently has 127 agents, and is located at 151 Regions Way Suite 4A, Destin, Florida. For more information, contact Jeff Adamson at 850.654.2900, teamleader@destinkw.com. Learn more about Keller Williams Realty Distressed Property Division, contact Craig Baranowski at 850.259.1788,  craig@teambaranowski or www.distressedpropertyexpert.net.

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