Take Action NowCongress has begun its “Lame Duck” session with a big list of unfinished business items. Number one on that list for REALTORS® is an extension of “The Mortgage Forgiveness Debt…Continue
A quick sale in real estate, also commonly called a short sale, happens when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments.
What does it take to qualify for a Jacksonville Short sale?
While lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a Jacksonville short sale.
Is it possible for me to get money back for completing a short sale?
Until recent times, it was almost unheard of for a home owner to get money back in a short sale. Things have changed for the better. The HAFA program, backed by the US Government, allows homeowners $3,000 to use towards relocation expenses. In addition, some lenders will offer generous incentives of their own in addition to money offered through the HAFA program. We have seen home owners get as much as $35,000 back to complete a short sale.
Who will pay the Jacksonville short sale Realtors® commission?
In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your Jacksonville short sale specialist as well. In almost all cases, a home owner in hardship will pay no out of pocket expense to complete a short sale transaction.
How Can a Jacksonville short sale specialist help me?
As a Jacksonville short sale specialist, I have helped many home owners who are in a difficult financial season get a fresh start with a short sale. Short sales are not part of our "basic training" as real estate agents, and are something that should only be left to those of us who are especially qualified and experienced. Experience is everything when it comes. I'll not only market your home in the traditional manor, but will guide you through this transition while simultaneously processing the short sale with your lender. Visit my website for more information on the short sale process.
License Number: SL1181312
First Coast Realty Associates
~ Your Jacksonville Short Sale Specialist Realtor® ~
OK, so I know its a little late in the game to get into short sales and start a site, but it is just a reality that short sales will continue to take up 15%-30% of the market in most areas of the country for YEARS to come. These premium domain names will help you stand out from the CROWD of other agents out there who do short sales!
LETS MAKE A DEAL! If you can use one of these domain names, we can even give you a short sale website for FREE with it, and you will OWN…Continue
This is the new "thing"! Sub-Prime lending is back in a big way. There are many lenders out there writing portfolio loans to buyers one day after they do a short sale or foreclosure. Here is a list of a few, comment below if you have any of your own to add to our list -
1.) Amerifirst Financial
Bank of America Corp. (BAC), the second-biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.
Mortgage workers falsified records and were told to delay U.S. loan-assistance applications by requesting paperwork that the…Continue
In an effort to speed up the short sale process, Fannie Mae is increasing early communication with real estate agents by asking listing agents to register accepted short sale offers with the GSE.
By registering offers, Fannie Mae says there will be greater transparency in the process and it will also allow the GSE to be more proactive…