Florida Short Sale
Do You Need a Short Sale in Florida?
Whether you’re a homeowner looking for a way out of a stressful situation or a real estate professional seeking to increase your knowledge and improve your own skills, if you are looking for a short sale, we can help.
It doesn’t matter if you are current on your payments or months behind, whether you are in foreclosure or not, or even if you have filed bankruptcy with us or not, we can walk you through the short sale process and help you to achieve your goal of completing that short sale and walking away a free person.
Take a look at the various sections on our site to get acquainted with what a short sale is and how it can help you. If your home is currently worth less than what you owe, if you cannot afford to pay off the mortgage, if you know you can get offers on your home, just not for what you bank says it is worth, then a short sale might be in your future.
The only way to really know is to come in and talk to us. We can look at the full picture of just what your current situation is right now and tell you what the best plan is for you. Some folks have walked into my office certain they had to file for bankruptcy, only find out a short sale was the solution to their financial problems. Don’t hesitate; your future is up to you. Contact us today for your free consultation to get you started on the best solution now.
What is a Short Sale and How Do You Qualify?
So, what exactly is a short sale? Put simply, a short sale is the sale of a home in which the amount owed to the lender(s) is more than the amount that the home can be sold for. Instead of the home owner having to bring in money to complete the sale, the sale is completed through negotiations with the existing lender(s) (and often condo associations or homeowner associations) and the lender(s) agree to accept less than the full amount owed to satisfy the debt and allow it to be paid off “short.”
Put even more simply, a short sale is a real estate transaction that requires an approval from the lender or lenders and your condo association or HOA – period. But, it is also a complicated legal process that requires an understanding of tax law, bankruptcy & real estate law.
This is not a matter for title companies or even realtors to try to accomplish.
You’ll get one shot to do a successful short sale. If you or your representative is inexperienced at short sales, makes mistakes, gives up, slacks off, drops the ball, or simply doesn’t know how to negotiate with banks, you’ll wind up being foreclosed on and believe me, you do not want to go through a foreclosure. But if that process starts, LET ME KNOW, I can help by fighting that off while your short sale gets done. Ask for my book on foreclosure: Florida Foreclosure Survival Guide for a more in-depth look at that problem.
Your lender is about to take a big hit! Now, why on earth would anyone agree to write off substantial sums of money? There are several reasons, the most significant of which is that if the lender doesn’t agree to a short sale, there is a high likelihood that the property will end up in a foreclosure. Lenders are in the business to loan money, not to carry a portfolio of real estate holdings.
Need more information about our Short Sales? Feel free to explore our site or to talk to one of our friendly staff members who can help you with your Real Estate closing needs in Jacksonville and NE Florida, call us at (904) 421-6907 or fill in and submit the form for a Free E-Book.
We Offer Jacksonville Homeowners Short Sale Help With Many Lenders Including:
• Wells Fargo
• Quicken Loans Inc.
• Bank of America
• U.S. Bank Home Mortgage
• PHH Mortgage
• Freedom Mortgage