Blog - My Florida Home Sale

January 25, 2021

in Investors , Jacksonville Market Reports by Minna Reid

Jacksonville, FL Multifamily Market Condition Report: Inventory squeeze pushes prices to new record!

jacksonville multifamily market report 2020

The Jacksonville multifamily market is on fire!As investors compete to pick up Jacksonville investment property, sales prices SOAR! Jacksonville Multifamily Home Sale Prices:While sales prices were rising steadily over the past few years, 2020 saw prices per square foot rise by a whopping 27% ! That’s a total of a 60% increase in multifamily home […]

January 18, 2021

When do forbearances end and foreclosures resume?

When do the CARES Act protections end?The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was enacted in March 2020 and contains provisions to help borrowers with federally backed mortgage loans get through pandemic related financial challenges. But 9 months and many extensions later, the various federal agencies are taking a piecemeal approach to […]

#forbearance

January 13, 2021

in Foreclosure , Short Sales by Minna Reid

Is your mortgage forbearance ending? Know your options!

Mortgage Forbearances are coming to an end.Millions of home owners opted to take a few months off their mortgage during the shutdowns, but now it’s time to start making the payments again, and in some cases pay it all back!YOUR OPTIONS FOR MOVING ON AFTER FORBEARANCE: Pay the back due amount and resume normal payments. […]

#forbearance #short sale FAQ

December 5, 2018

A quick guide to the Florida short sale process

Confused about the Florida short sale process? There’s just 5 basic steps to get you from here to closing! FLORIDA SHORT SALE PROCESS 1. SELLER CONSULTATION: This is the first and most important part of the short sale process. I gather basic information about the sellers goals, situation and lender(s), to determine whether a short […]

#short sale FAQ

January 7, 2019

in Short Sales by Minna Reid

How long will my Florida short sale take to close?

How long will the short sale process take? While all short sales are different, there are some general timelines I give folks when asked. I have had short sales approved in days, years and everything in between, but most Florida short sales will generally last 4-5 months and will usually fall into these some general time frames:SHORT […]

#short sale FAQ

January 7, 2019

in Foreclosure , Short Sales by Minna Reid
|
7 comments

6 WAYS TO STOP YOUR FLORIDA FORECLOSURE TODAY!

Facing a looming foreclosure can be a terrifying prospect, but you have options! Knowing your options and taking action quickly is the key to stopping your Florida foreclosure. In the past decade, we have hundreds of our clients avoid foreclosure. For a free consultation contact us anytime, and read on for a summary of all your options when […]

#short sale FAQ

January 8, 2019

Who pays Realtor fees in a short sale?

Closing costs in short sales: How can upside down sellers afford a Realtor if there’s no money in the home to pay for one?Find out how to sell your over mortgaged Florida home in a short sale without paying a penny out of pocket in Realtor commissions or other closing costs… Realtor commissions in short salesIn […]

#short sale FAQ

January 10, 2019

Why your Florida short sale didn’t close and how to get back on track!

Did you know that less than half of all listed short sales actually end up successfully closing? As most Florida short sellers are highly motivated to sell, it is unlikely so many of these sellers simply change their mind, yet over half of all short sales fail to sell at all and simply expire, or fail […]

#short sale FAQ

January 23, 2019

Should I modify my mortgage?

A lot of my short sale clients have either considered a mortgage modification or been turned down for one by the time they have made the decision to move forward with a short sale.WHAT IS A LOAN MODIFICATION?In a mortgage modification the lender makes permanent changes to the terms of your home loan resulting in […]

#short sale FAQ

January 31, 2019

A guide to understanding deficiency judgments in Florida and how to avoid one.

Did you know that if your Florida home forecloses, the lender can be granted a deficiency judgement and pursue you for their losses?What is a Florida deficiency judgement?If you owed $400,000 on your Florida mortgage, and it foreclosed and sold for $350,000…the missing $50,000 would be the deficiency. Florida laws allow the lender a year […]

#short sale FAQ

1 2 3 … 5 Next »