Jacksonville Short Sale Success

Another Happy Home Seller!  This home was a challenge, but what short sale isn't?  The Seller needed to sell due to a relocation, and like so many other homes in Jacksonville, it had lost half it's value from the peak.  

We listed the home and sold it quickly, but the all cash hedge fund investor cancelled all contracts within specific zip codes.  Really ticked a lot of listing agents off and not to mention a lot of sellers!

Round 2:  We sold to another all cash hedge fund investor, got the approval from the seller's bank, and then the buyers requested tens of thousands in repairs. Mostly just paint, carpet, landscaping, etc.  A joke really.  Of course the bank declined their inspection request, so we went back on the market again.

Round 3:  Multiple offers again.  This time, the seller picked a buyer occupant.  A very nice man looking for a long term home.  He had the financially ability to purchase and was willing to wait for the new approval.  We received that short sale approval in only 30 days.  Much faster!  Went to closing and all is good.  

Result:  Banks released the seller from the deficiency (the benefit of a Jacksonville short sale attorney), and the Buyer gets a great house.  

If you are considering a Short Sale, make sure you check out How to Short Sale.  

Posted by Brad Officer on
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