Jacksonville Short Sales
Are you a homeowner who is having trouble making your monthly mortgage payment? Have you fallen behind and in threat of losing your home? It doesn't have to be this way, you may be a canidate for a Short Sale.
A Short Sale can occur when we negotiate with the bank to take less than the amount originally borrowed. Banks are willing to except less in some cases dependent on the amount owed and your financial situation. The Tower Group conducted a study and estimated it cost nearly $58,000 to proceed with foreclosure, because of this reason they are willing to negotiate.
Another reason why banks are willing to negotiate is because of inventory. Since there is a surplus of new construction the banks realize new homes will sell faster than exsisting homes, therfore they do not want to have a surplus of homes especially since the home may be in poor condition or the neighborhood depreciating.
The worst thing you can do in this situation is nothing. Call us today for a FREE Complimentary Consultation to see if you're a Short Sale Canidate. Not everyone will qualify, please call us at 904.396.6466 with any questions.
