Help is Here for your Jacksonville Short Sale
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Good news is coming out of Washington this week for Jacksonville Home Owners. In efforts to speed up the Short Sale process, the government is working with mortgage companies to streamline the often tedious event.
The Wall Street Journal states,
“The government will pay mortgage-servicing companies up to $1,000 and borrowers up to $1,500 for successful short sales or “deeds in lieu” transactions. It will also spend up to $1,000 to help defray the cost of getting holders of second mortgages to release their liens so these transactions can be completed.”
Up until the last few months, short sales in Jacksonville and Ponte Vedra where a thorn in the side of most banks. They took FOREVER and where a headache for everyone involved. That is all changing. Banks/Lenders are sending out information packets with instructions and expectations of everyone involved and seem to have an actual process for successfully completing the Short Sale. The Banks are actually helping now….this is good!
If you have a home to sell in Jacksonville or Ponte Vedra and are under water, you may be eligible for a short sale. Make sure you are working with a Professional Jacksonville Realtor and Jacksonville Real Estate Agent that has successfully completed short sales…..(Shameless plug for me here).
Also, keep in mind that you are still competing with all the other homes on the market. Once your bank gives you the green light for moving forward with a short sale, we still have to sell it. No matter the condition of your home, get it in near perfect condition to help get it sold….and don’t forget curb appeal! The home must stand out. We recently sold a home in a neighborhood where homes sit on the market for 6 months. We sold it in 45 days due to the right curb appeal and great condition.
If you need help. Call me! 904-234-5196. Or- Read more about short sales here.
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