Posts tagged as:

Short Sale Jacksonville

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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Home For Sale Listing Expired in Jacksonville – I want to be your 2nd REALTOR

July 19, 2010

I want to be your 2nd REALTOR – Not your 1st! . Over 5500 active real estate agents in Jacksonville and Ponte Vedra which means you probably know someone with a real estate license.  Actually, you may even be related to a real estate agent.  There are so many social obligations to use someone that [...]

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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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Short Sales Increasingly More Difficult – Jacksonville

July 7, 2010

80% of our Jacksonville Real Estate business has been short sales in 2010 and there is no signs of this trend slowing.  Many home owners owe more than their homes are worth and after months of frustration in an attempt to modify the loan, they are turned to doing a short sale.  (Short Sale is [...]

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Fastest way to get your Short Sale Approved

June 15, 2010

Short Sale approvals are mysterious.  Banks often take months and months to just gather information while everyone involved waits anxiously for any contact.  The short sale market has increased in Jacksonville Florida as most homes that are selling are typically either short sales or bank owned properties.  Straight from our Buyer’s Agents: “Most buyers want [...]

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Bank of America HAFA Short Sales

June 4, 2010

Bank of America has been flooded with Short Sales.  They have been making large strides forward with helping to streamline the process.  One major move forward was the Equator system which allows for a more streamlined document uploading system.  It also allows homeowners, the agent, the attorney, and Bank of America stay on track with [...]

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Wells Fargo Short Sale

March 26, 2010

Wells Fargo has been one of the easiest banks to work with on Short Sales.  They are a bank, so they still have red tape, longer wait times, etc, but they are by far one of the best banks to work with – hands down! Go directly to the banks website:  Wells Fargo Short Sale [...]

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Short Sales can Sell Fast in Jacksonville FL

March 23, 2010

Supply and Demand is always in control of the real estate market.  Too much supply & very low demand and prices go down.  This is where we are in today’s real estate market and it’s tough for many home owners to understand. When prices go down, many are left owing more than the home is [...]

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Bank of America Short Sale

March 14, 2010

It’s been widely noted on this site and others that discuss short sales:  Bank of America has been one of the most painfully slow banks ever imagined when trying to complete a Short Sale. Bank of America Short Sales are starting to Speed Up! Bank of America introduced a new automated system that we use [...]

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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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Short Sale becoming a House Hold Name

February 23, 2010

A few years ago, if you mentioned a Short Sale, most people would look at you with a puzzled look on their face.  Today, many are becoming educated on exactly what a short sale is…first hand.  It’s becoming a common term in every household. I predict over the next 12 months the term “Short Sale” [...]

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Waterfront Short Sale for sale in Jacksonville Florida

January 28, 2010

Waterfront Short Sale in Jacksonville Florida Bank has previously approved the pricing!  5243 Trout River Blvd, Jacksonville, FL  32208 Brad Officer – Short Sale RE/MAX Specialists – Jacksonville and Ponte Vedra, FL

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Why do Short Sales take so Long

January 27, 2010

A hot topic:  Why do Short Sales Take So Long? As home values have dropped by 20-30%+ in Jacksonville and Ponte Vedra, FL, many of the real estate transactions taking place are Short Sales.  The only thing short in a short sale is the amount of money to cover the existing mortgage.  By nature, short [...]

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Loan Modification doesn't Work

January 25, 2010

Horror stories are now floating around everywhere about failed Loan Modifications.  I’ve witnessed many of these first hand as friends have attempted to get modifications and they flat out fail. Several Major Concerns with a Loan Modification: You agree to “modify” a loan on an over valued house that could take DECADES to break even.  [...]

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Loan Modification is a Bad Idea and Doesn't work!

January 15, 2010

I have many articles within this website advising clients to go down the path of a Loan Modification before they go for a short sale.  I reserve the right to change my opinion or contradict myself.  I currently believe if the home is too far upside down in value – you are better off getting [...]

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What price will the bank take in a short sale

January 8, 2010

Hot question of the day: I owe $X, do you think the bank will take $y? When selling your home via Short Sale, most people think the bank is concerned about what is owed on the property.  Regardless of what is owed, the bank’s only concern is what the property is currently worth.  Again, the [...]

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Short Sale Tip for Home Owners in Jacksonville Florida

January 8, 2010

Short Sales are very complex and take everyone working together to finally get an approval from the Banks.  To learn more about short sales you can go to our Short Sale Information Guide. A trend has started to emerge within the Short Sales that we have been negotiating.  The banks, for what ever reason, have [...]

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2010 Real Estate Predictions

January 6, 2010

In the past month there has been numerous real estate predictions from hundreds of sources.  Economist, local papers, national papers, National Association of Realtors, local realtors, mortgage brokers, talk show host, etc.  Just about everyone of them fall into one of 3 categories: The Prices are going down The Prices are stabilizing The Prices are [...]

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