Welcome to vultureproperties.com. This website is dedicated to LOSS MITIGATION providing you with the best bargains and information pertaining to SHORT SALES and FORECLOSURESin Florida. The 19th century financier Baron De Rothschild once said "when there is blood in the streets, buy real-estate", and that analogy has never been more appropriate then in today's archaic real-estate market. This site will provide you with both opportunities in short sales as well as foreclosures.
A SHORT SALE is when the owner is up to 90 days past due and it would appear from all outward accounts that a foreclosure is imminent. Although the banks do have an REO (Real-estate Owned) department, they are in the business of making loans not selling real-estate. The period prior to a formal foreclosure is an opportunity to perform a short sale which essentially means the bank is willing to sell the property "as-is, where-is" for a substantially negotiated amount taking a loss on the outstanding amount owed (LOSS MITIGATION). Please take the time to review the various information on this site that will inform you as to the short sale process and should you be in a property that you are 60-90 days past due on your mortgage and you would like one of our loss mitigation professionals to discuss your options, please feel free to contact us at 954-530-9500 and one of professional staff will be happy to assist you.