Important:First of all, I would like to make it clear that all of our services are absolutely free to you! The entire short sale process should never cost you a penny! Your lender will pay all traditional sellers’ closing costs; including our commission.
Selling your Jacksonville home is an involved process that may seem overwhelming at times. We would like to tell you what you need to know to get your home sold quickly and successfully in the current market.
When should you sell?
How do you determine the perfect price?
How should you prepare your home for the sale?
Please contact me and my team with any further questions you may have!We’d like to make sure you are armed with the information you need before even beginning the sale. This combined with the right Short Sale Specialist Realtor will ensure your home is marketed effectively to bring forth a quick, painless sale! As your personal short sale agent, we will walk you through the entire short sale process, making sure you receive every benefit possible.
What exactly is a “Short Sale”? A short sale takes place when a lender agrees to allow the borrower to sell their home for a discounted price, often below what is owed on the loan. Why would a lender agree to do this? Well for starters, on average it costs a bank $58,000 to go through the foreclosure process not including the additional headache. A short sale provides an easier solution and allows them to count their losses.
Who qualifies for a short sale? It is not difficult to qualify for a short sale at all. It is important that you prove to the bank you have recently faced a hardship that has hindered your ability to afford the loan. And that’s basically it! They’ll ask you for bank statements among other documents. These will serve as hard evidence of your current situation. Some of the main hardships we see are job or income loss, divorce or legal separation, job transfer, relocation, increased bills, vacant rental property, and repairs needed on the home with no resources to do so. In most cases, any of these automatically qualify you.
The Short Sale Process Many homeowners facing foreclosure may consider a short sale, but after some research become overwhelmed and just allow their home to be foreclosed on. We take all of the confusion out of the process! As Jacksonville short sale specialists, we know what we’re doing and that is the most important factor to getting your short sale closed. Experience is key and nothing else is equivalent. A short sale is really no work to you; we will handle everything! It’s our job to assess, list, and competitively market your property in hopes of a quick offer. After the offer is received we will handle all of the negotiating with your bank, updating you along the way. Once an offer is approved and the closing date is set, we will work with your lender to make sure they provide you a full release from any deficiency that could remain after the short sale.
Never come to the conclusion that foreclosure is your only option! Regardless of what any Realtor or lender has told you, there is hope outside of a foreclosure. Unfortunately, many Jacksonville Florida home owners are not aware of alternatives, such as a short sale, and their home is foreclosed on.
Not only will a foreclosure ruin your credit, but it also looks bad to present and future employers. In addition, after a foreclosure (up to 20 years!) your lender holds the right to pursue a deficiency judgment of the remaining debt. I many cases, banks will wait until the borrower is back on their feet to pursue judgment, but in others they don’t.
In conclusion, you do not want your home foreclosed on! Find out more information on Jacksonville Fl short sales, as it is the best solution in many cases. Even if your lender has already contacted you with intentions of foreclosing, if you prove that you are attempting to short sale your property they will likely push back the auction date. Remember, a foreclosure will cost them around $58,000, making it a headache to your lender as well as you.
Call us at no obligation to learn more about short sales and how we can help you! My team and I would be more than happy to speak with you about your current situation and what options are best for you.
Over the years working as a real estate agent I have gained extensive knowledge and experience in handling short sales in Jacksonville Florida. I understand this is a stressful time in your life and am here to help make the short sale process as stress free and as easy on you as possible. With my team of realtors by your side, I am confident that we will be able to get your home approved for a short sale and sold as quickly as possible in this current market. I will arm you with all the information you need before the sale, guide you through the process of the sale, and be here for you even after the sale. The best part about a short sale is that there is typically no expense in any way to you as a homeowner. All traditional closing costs are covered by your lender in the approval letter. Below are the basic steps of the Jacksonville short sale process, but please contact us today if you have any additional questions or are ready to short sale your home.
Step 1: Contact me or call me 904-733-4911 to about about your current situation. I will then determine whether or not you may qualify for a Jacksonville fl short sale. If it seems as if you have all of the qualifications, I will provide you with the documents you will need to fill out and submit to your lender in order to be approved to short sale your home. This includes examples of actual hardship letters you can use as a guide to write your own. From this point, I will walk you through the entire process.
Step 2: We will then come to your property and assess its value. A lender will typically accept close to the current market value of a property in a short sale. The property will then be listed for sale and aggressively marketed to bring forth a quick sale.
Step 3:Once an offer is received on the home, I will submit it to your lender. This starts the negotiating process which at times can be lengthy. The good news is, banks are getting much quicker at replying to an offer!
Step 4: Your lender can then choose to accept or deny the offer made on your home. If accepted, a closing date will be set. If denied, I will continue to market your home in hopes of a higher offer or an offer that will meet their requirements.
Step 5: Closing! Remember, your lender will pay all of your closing costs, including my commission. Also, I will work with your lender to ensure you are fully forgiven from any deficiency that may remain after the sale. Now you can move on with your life, debt free! Congratulations!
Seek legal advise and representation in all legal matters. The above brokerage company is not affiliated with the government and its services may not be approved by your lender. We do not recommend that you stop paying your mortgage. Even if you use our services, your lender may not agree to change the terms of your loan or accept a short sale.