Posts tagged as:

Short Sale

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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Speed up a Short Sale in Jacksonville FL

November 9, 2009

I get this question often: How do I speed up a Short Sale in Jacksonville? A short sale is a long and tedious process for the seller, the buyer, the agents, and the bank/s holding the mortgage.  No matter what, it takes more time to close a short sale than a regular real estate transaction.  [...]

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Negative Equity Map of Jacksonville Homes

May 24, 2009

OUCH!  This map hurts a little. Unless you bought a home Pre-Boom, you are probably experiencing some negative equity right now.  If you need to sell, you could possibly be looking to the Mortgage company to take less than you owe on the mortgage. That is a Short Sale.  Don’t Panic! In order to Qualify [...]

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Sellers compete with Short Sales, Foreclosures, and Bank Owned Homes

May 22, 2009

If you are selling in this market, you are competing against Short Sales, Foreclosures, and Bank Owned Properties in just about every community within Jacksonville.  Understand this: It’s about a 99% chance they will beat you on pricing! So how do you compete?  Simple- Be a Better Value! Jacksonville Real Estate Agent – Jacksonville waterfront [...]

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Short Sale Help in Jacksonville

May 16, 2009

Help is Here for your Jacksonville Short Sale . 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 [...]

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Jacksonville Short Sale – Don't Panic

May 11, 2009

MANY Jacksonville Home Owners are dealing with the fact that their home is worth less than they owe.  In fact, a recent Jacksonville Business Journal article states that almost half of Jacksonville home owners who bought their homes in the past 5 years, now owe more than it’s worth. Add the drop in house value [...]

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Jacksonville Short Sale

May 7, 2009

Do You Qualify for a Short Sale? Before you attempt a short sale on your Jacksonville Real Estate, know if you will potentially qualify.  If you cannot answer yes to all four requirements, you may not qualify for a short sale in Jacksonville. The Home’s Market Value Has Dropped. The home is worth less than [...]

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