Press Release November

Tarpon Coast Realty

One local Real Estate company is thriving in these difficult economic times, so much so that they have opened a new branch office in downtown Sarasota.

Tarpon Coast Realty of Boca Grande, Englewood and now of Sarasota, helps distressed homeowners out of foreclosure. They have recently opened a new branch office in downtown Sarasota at 536 South Orange Avenue. Eric Greenstein is the Manager/Broker Associate of the new office and is actively recruiting agents to staff it.  To celebrate their success, Tarpon Coast Realty will be hosting a Grand Opening Celebration to the public at its new Sarasota location on Friday December 4^th, 2009 from 6:00 – 9:00pm.

Tarpon Coast Realty specializes in negotiating short-sales. A short-sale is when a property sells for less than the mortgage amount.  Because they are not in the business of owning real estate, banks are willing to take much less than the current mortgage amount in order to avoid foreclosing on yet another property.  Most of the time, the homeowner is released from deficiency and the remaining debt is forgiven.  A short-sale is a great solution for a homeowner wishing to avoid foreclosure and possibly bankruptcy.

What makes Tarpon Coast Realty unique is the fact that they have the buyers for the property being sold on short-sale.  They are experts and negotiating these short-sales and are able to match buyers with homeowners in distress. “Other brokerages must first find a buyer before they can even begin the process.  Having a private equity fund in place as a buyer from the beginning allows us to start the negotiations immediately and close the transactions much faster.”  – Says Jules Roman, founder and broker of Tarpon Coast Realty.  Another unique opportunity for the homeowner is that in some cases the fund will buy the property on short sale then lease it at a small fraction of what the mortgage payment was.   This is a great solution for a homeowner who does not qualify for a loan modification or whose mortgage is simply too far underwater.

Foreclosures are a lose-lose situation for all parties involved and have kept the market from stabilizing. With less than 20% of all loan modifications approved, banks are simply not willing to work with homeowners and the short-sale is sometimes the homeowner’s only option.  “We offer a privatized solution to a public problem,” says Mr. Roman.  If there can be a silver lining in the in the mist of the dark clouds of this market, it is companies like Tarpon Coast Realty, who have created a niche that offers win-win solutions for all parties.

So mark your calendars and plan to attend the Grand Opening Celebration at the new Tarpon Coast Realty location; 536 S Orange Avenue, Sarasota on Friday December 4^th at 6:00. For more information, please contact:

Tarpon Coast Realty

Jules Roman

941-366-0000

jules@tarponcoastrealty.com