by Brad Officer
on Tuesday, September 17th, 2013 at 1:51pm.
Wells Fargo Short Sale Success!
All banks that have any mortgages in Florida have finally come around and realized this is 2013 and home prices haven't shot back up to 2006 levels. (7 years ago!) Wells Fargo included.
This particular Wells Fargo short sale went pretty smoothly, as I'd expect with Wells Fargo now that they are more eager to work with Short Sales. This home was in the World Golf Village area, and the amount owed was well over the current true market value.
Unfortunately, this home was like so many homes in the newer home communities....well cared for, well outfitted with nice custom features, and absolute turn key ready for new owners. The unfortunate part is the owners would typically get a higher price for their hard work and investment, but with current values still heavily depressed from their highs in '06 - '07, the owners walk with nothing.
That being said, the owners did walk with 1 big item: Complete forgiveness of debt, owing nothing further. This is now pretty typical with most of our short sales, but still amazing to me and most short selling owners.
Considering a short sale and have Wells Fargo as your mortgage?
Make sure to read through our short sale Jacksonville info page. Just about everything you need to know is there, but please don't hesitate to reach out and let me answer any questions that I can.
Thank you in advance for Sharing!
Give us a call at 904-234-5196 if we can help you buy or sell real estate in Jacksonville, FL.