Category Archives for "Short Sales"

Jacksonville, Florida short sale information and tips.

February 12, 2019

Will you qualify for a short sale?

approval stamp

​A financial hardship will be required to get your Jacksonville short sale approved. ​The most common hardships that are easily approved and widely accepted by lenders:Unemployment​Employment or military ​relocationDivorce ​Death of a co-borrower/household wage earner​Facing foreclosureIncrease in expensesDecrease in incomeNatural disaster impacting property or employmentMedical issuesHowever there are many other reasons to short sell that […]

Continue reading
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 […]

Continue reading