Posts tagged as:

Foreclosure Jacksonville

Loan Modification Denied? Short Sale your Jacksonville House

March 1, 2011

HAMP or Home Affordable Modification Program has been a complete failure.  Here are some of the more recent articles on the failures: Home Owners Protesting that it’s a SCAM Only 1 in 4 got mortgage relief And the most honest, realistic article of them all comes from Fox Business:  HAMP UPDATE:  Foreclosure More Likely Than [...]

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Top 5 Reasons to buy our Short Sale Listings

January 12, 2011

Buying a Home in Jacksonville? Have you noticed how many are short sales? Be careful! Not all Short Sales are created equally! Top 5 reasons you should buy our Short Sale Listings: . Sellers are screened: Who wouldn’t want to bail out of an upside down house right?  Well, not everyone can.  In fact, it’s [...]

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Chase Short Sale

December 21, 2010

Chase Short Sale Information Consider yourself lucky if you have a Chase mortgage and you need to complete a Short Sale in Jacksonville Florida. Chase has long been one of the slowest banks to work with in Short Sales, however they have recently started to turn the ship.  They now are attempting to get ahead [...]

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Why I Require a Jacksonville Attorney For Your Short Sale

December 13, 2010

Top 4 reasons I require you to use an Attorney for your Short Sale: Professional Legal Representation vs. Real Estate Agent Representation:  Who would you rather have negotiating with the bank, your short sale attorney or your real estate agent? LARGE amount of money negotiations:  This is not a $1000 credit dispute with your Dillard’s [...]

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To Short Sale or not to Short Sale that is the question

December 11, 2010

Many homeowners are struggling to keep a mortgage paid and at some point the home selling discussions begin.  Not a fun place to be, however it is what it is. The first step is to obviously understand your finances.  Assuming you’ve already completed that and you’ve decided you must sell the house. go to step [...]

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Why Short Sales take so Long

November 17, 2010

A very smart man with plenty of time on his hands, just spent a year trying to track his own mortgage.  I originally heard about this from Fox News, and then found the chart below on ZeroHedge.  Trying to figure this out is nearly impossible.  This is why Short Sales take forever and have become [...]

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Short Sale Low Ball Offers Don’t Work

November 12, 2010

Banks agree to take a less than is owed on the mortgage due to a financial hardship on the Seller.  To do this, banks go through a valuation process to determine the market value of the real estate being sold.  In my professional opinion, the valuation process is flawed, but that’s an article for another [...]

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Stop Shopping and Start Making Offers on your next Jacksonville Home

November 3, 2010

It’s Time to Stop Shopping and Start Making Offers Working on behalf of the Home Seller, I am present at many of the showings as buyer’s agents bring their buyers through the seller’s home.  I do this as a service for the waterfront real estate owners in Jacksonville, Ponte Vedra, St Augustine, and Orange Park.  [...]

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Steps to start and complete a Short Sale – Hot topic of the week

September 14, 2010

We get calls from home owners in Jacksonville and Ponte Vedra who need to sell a home, but have been unable to get the mortgage company to give them an answer on doing a short sale.  These home owners are upside down in the mortgage, and attempt to get some kind of approval to do [...]

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Walking away from a home is a bad idea – Choose Short Sale

September 14, 2010

In Jacksonville Florida, many homes have been abandoned by the owners after frustration of dealing with a mortgage modification.  It’s happening in every neighborhood and in every income bracket. I blame the mortgage companies! The general public is not aware that a Short Sale is the best option versus just walking away from the mortgage.  [...]

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Who sets the Listing Price on a Short Sale

August 12, 2010

A home is only worth what someone is willing to pay for it and not a dollar more.  The value of the home instantly changes once the purchase is completed through a closing at which time the value changes again. In consulting with many home owners who owe more than their home is worth, we [...]

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Short Sales hold the key to Real Estate Market Stabilization

August 11, 2010

I’ve argued this point many times and I’m not backing down! Real Estate pricing across the United States continue to drop in almost every market.  Yes, I believe it is still too high due to the Supply and Demand principal.  We have too much Supply and not enough Demand which forces prices lower. My Argument: [...]

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Jacksonville FL Highest in Real Estate Price Reductions

August 6, 2010

We are #1 !!! Not that we should be, but we (Jacksonville) are #1 on a recent report for price reductions.  The data showed that out of all the major housing markets in the United States, Jacksonville surged ahead with 54% of all current listings on the market have had a price reduction.  (that’s really [...]

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Jacksonville Short Sale REALTOR to list and sell your house

July 29, 2010

Deciding to Short Sale your home is a tough decision, however it is often the smart decision.  Walking away from a home and not working with the bank will have much worse consequences.  So many people don’t know that in Florida, the banks have the right to collect the deficiency in a Foreclosure up to [...]

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Served Foreclosure Papers in Jacksonville

July 8, 2010

Just Served Foreclosure Papers, what happens now? The bank has given you legal notice that they intend to take the house back through Foreclosure.  The fastest I’ve seen a foreclosure happen in Jacksonville is 6 months after being served with Foreclosure papers….so you have some time.  If you do nothing, you will get a series [...]

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Just Served Foreclosure Papers – What to do

March 9, 2010

After about 4 months of not paying your mortgage, most banks have an automatic button that gets pushed to start the foreclosure process.  You will know when this happens as they will “serve” you papers. Being served foreclosure papers is not fun.  The first thought is that you must move by morning….which isn’t true. You [...]

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