florida short sale

ED AND TERRI SMITH RANKED #5 IN FLORIDA

Apr 1st, 2010
by edsmith.
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Broker/Owners Ed and Terri Smith were recognized by RE/MAX International for their ranking as #5 among all residential real estate teams in Florida Y-T-D through April 30, 2010. Long time top producers in the local real estate market, the Smiths closed 92 real estate transaction sides in 2009.  Additionally, the Smiths were ranked  #9 in the state of Florida by RE/MAX International for 2008 and 2009. 
 
The Smiths opened their first RE/MAX office in Destin 20 years ago, April, 1990. They just relocated their office to the old “Cox and Young’ building on Highway 98 in the heart of Destin between McDonald’s and Golden Corral.  “Cox and Young opened in 1973 and was the first recognizable real estate office in Destin” Ed said.  “The visibility is great and the walk-in traffic is excellent. The move was a great decision!”
 

RE/MAX operates 7,000 offices in 80 countries worldwide which is an international presence far greater than any of its competitors. RE/MAX has been honored as the leading real estate franchise for nine of the last ten years by Entrepeneur Magazine.

Is a deed-in-lieu of foreclosure better on your credit score than a regular foreclosure?

Dec 18th, 2008
by edsmith.
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Not really. According to local mortgage originators, your credit score will be lowered by approximately 280 points either way. A deed-in-lieu of foreclosure can be a better option because the agreement will typically stipulate that the bank will not seek a deficiency judgment against you. That is not true of a “regular” foreclosure, in which case a judgment can be obtained against you. According to our attorney, a default judgment against you in Florida can be kept alive forup to 20 years!