Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As top Panama City, Lynn Haven and Panama City Beach area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
Foreclosures >1. What Is a Foreclosure? A foreclosure is a legal process through which a mortgagor loses his or her equitable right to redeem a mortgaged estate; in other words, the lender completely repossesses the home from the borrower (homeowner.) The lender goes through the legal motions to sell the property, terminate all the homeowner’s rights in that property, and remove the homeowner.
What are the effects?
- The most stressful and pressing effect that foreclosure has is that the borrower loses his or her place to live.
- Foreclosure negatively affects the borrower’s credit rating. It stays on a credit report for seven years and drops a credit score 250 points.
- A borrower who’s been foreclosed on may have trouble finding and keeping jobs since good credit may be required by employers to be hired.
- A foreclosed home can bring down the value of surrounding homes.
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| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
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| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
 See More Real Estate Trivia > |
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The Bill Fitzgerald Team
Keller Williams Success Realty
2110 West 23rd St, Suite A
Panama City, FL 32405
850-814-2814
Fax: 850-248-2814
BillFitzgerald@NUMBER1EXPERT.com
Bill Fitzgerald, after serving in the United States Air Force for 24 years, launched an exciting career in real estate and has over ten years of professional sales experience. As a highly trained Certified Residential Specialist (CRS) and after making many military moves himself, Bill understands completely the full range of emotions felt by buyers and sellers faced with one of the most challenging and complicated decisions of their lives…the purchase and sale of a home.   
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