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 ​relocation
  • Divorce ​
  • Death of a co-borrower/household wage earner
  • Facing foreclosure
  • Increase in expenses
  • Decrease in income
  • Natural disaster impacting property or employment
  • Medical issues
However there are many other reasons to short sell that do translate in to qualifying financial hardships if presented in the right fashion. ​

There is a lot of misinformation out there on the web regarding what is and is not an acceptable hardship. ​Before assuming your “hardship” doesn’t qualify, talk to me!

Minna Reid

Minna Reid is a Broker Associate at Florida Homes Realty & Mortgage, serving northeast Florida. With a specialty in selling property with complex legal and financial challenges, including short sales and tax lien complications, she has the expertise to get you through your most complicated real estate transactions smoothly, from listing your property to closing the sale!

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