Category Archives for "Short Sales"
Jacksonville, Florida short sale information and tips.
March 10, 2020
- in Short Sales by Minna Reid
Florida Short Sales with VA – The VA Compromise Sale Process Explained!
The VA offers a lot of great benefits like the VA mortgage – a 100% loan program with low interest rates and fees. Unfortunately sometimes those with VA loans need to sell, and often there is just not a lot of equity in the home. If you have a VA loan and owe more than […]
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February 26, 2020
- in Short Sales by Minna Reid
What happens to the second mortgage in a short sale?
What if I have two mortgages and I need to short sell my home? Many of our short sellers have a second mortgage. In a short sale all mortgages and liens need to be settled in order to complete the sale. Here’s how it works:Mortgages get paid off in the order they have been recorded […]
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May 8, 2019
- in Short Sales by Minna Reid
Should I make mortgage payments during my Florida short sale?
The most common question I get from sellers considering a short sale is whether they should (or have to) make mortgage payments during their short sale. There is generally not a requirement by the lender for a seller to be current or behind to pursue a short sale (a few exceptions apply).When deciding whether or not to […]
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June 26, 2019
- in Home Selling , Short Sales by Minna Reid
What is a HUD partial claim and how will it affect my Florida home sale?
You may have a HUD partial claim against your Florida home if you have a mortgage backed by FHA and you’ve ever had any type of loan workout – including a loan modification. What is a HUD partial claim?A partial claim is an interest-free loan from HUD to help make a loan modification possible, or […]
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July 23, 2019
- in Short Sales by Minna Reid
PROS AND CONS OF A FLORIDA SHORT SALE
Wanting to sell but owe more than your home is worth? A short sale may be an option…find out the pros and cons of a Florida short sale! PROS AND CONS OF A SHORT SALE: Pros Sell your home and settle the excess mortgage debt. Stop struggling with high mortgage payments. Stop foreclosure. Pay no […]
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October 28, 2019
- in Short Sales by Minna Reid
TOP 5 BENEFITS OF A SHORT SALE VS. FORECLOSURE!
What do you have to gain by short selling your Florida home versus letting it foreclose? TOP 5 BENEFITS OF A SHORT SALE: 1. Avoid the stress of falling behind and losing your home to foreclosure. A foreclosure can be mentally and emotionally draining and publicly humiliating. A short sale will help you stop foreclosure, and […]
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December 5, 2018
- in Short Sales by Minna Reid
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 […]
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January 10, 2019
- in Short Sales by Minna Reid
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 […]
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January 8, 2019
- in Short Sales by Minna Reid
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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 […]
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January 7, 2019
- in Short Sales by Minna Reid
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 […]
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