Tag Archives for " short sale FAQ "
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. […]
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December 5, 2018
- in Short Sales by Minna Reid
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- 1 comments
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 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 […]
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January 7, 2019
- in Foreclosure , Short Sales by Minna Reid
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- 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 […]
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January 8, 2019
- in Short Sales by Minna Reid
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- 5 comments
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 10, 2019
- in Short Sales by Minna Reid
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- 1 comments
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 23, 2019
- in Short Sales by Minna Reid
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- 4 comments
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 […]
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January 31, 2019
- in Short Sales by Minna Reid
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- 2 comments
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 […]
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February 10, 2019
- in Home Selling by Minna Reid
How to sell Florida real estate with federal tax liens
Need to sell your Florida home but have a federal tax lien? The IRS has many ways to collect unpaid taxes, one of them by placing a tax lien on your real estate. A tax lien will make it more difficult to sell your property, especially if you owe more than your home is worth and […]
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February 12, 2019
- in Short Sales by Minna Reid
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- 1 comments
Will you qualify for a short sale?
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:UnemploymentEmployment or military relocationDivorce Death of a co-borrower/household wage earnerFacing foreclosureIncrease in expensesDecrease in incomeNatural disaster impacting property or employmentMedical issuesHowever there are many other reasons to short sell that […]
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