Stop Foreclosure Institute of Jacksonville Assisting Homeowners in Distress

A Good Example Of When A Jacksonville Short Sale Would Make Life Easier

February 29, 2012
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Jacksonville FL – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house.

I decided to rent it out rather than short sale it. The renters just moved out. I just checked the house. They trashed it!

I could rent the house out again, but I would have to spend several thousand dollars fixing it up first. What would you recommend that I do?” Richard asked.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

This is a classic example of when a short sale is the right option. Rather than limping on with a wound you are able to get rid of the upside down debt and move on with your life.

The banks received a bailout. where is the bailout for the common man? A rental that is losing money every month is like a cancer. Left untouched it just gets worse and worse.

Unless you have a lot of cash to treat the problem, then it will eat away at your finances month after month. You could fix up the house and rent it out again. But, you risk having the same thing happen all over again.

If you are able to rent it and cover all the costs, then I would recommend you keep the home. If not, then I would recommend you short sell it.

If you can break even, then the house will be a good investment as the real estate market recovers. However, you will always risk large unexpected costs like the one you are experiencing right now.

If it the rent does not cover all the costs, then the burden will only get bigger as time progresses. Costs will keep on going up. Rent prices might drop. The housing market could decline even further.

It would be better to just get rid of the liability now, once and for all. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on A Good Example Of When A Jacksonville Short Sale Would Make Life Easier is provided as a courtesy to our viewers to help them make informed decisions.

Jacksonville Short Sales: Even With The Tight Rental Market It Is Still Often Cheaper To Short Sale And Rent

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Jacksonville FL – In most areas the rental market is very tight. Rental prices have been increasing because so many people are losing their home to foreclosure.

But, what is still surprising is that in most cases it is still cheaper to rent than own an upside down home. See, home prices have dropped by 20-50%, depending on the area.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

It was a lot less expensive to rent back in the peak of the real estate boom. After the crash rent dropped in many areas.

It has come back up, but it is still cheaper than a mortgage payment on a home bought at the peak of the housing market. Many people are shocked that it is often cheaper to short sale and rent that staying in their home with a loan modification.

Here are the two factors that make it possible to rent a comparable or even nicer home for less than their mortgage

Let’s take the example of a home who paid $150,000 for a home that is now worth $75,000. Their mortgage payment was around $1,350 a month.

They stopped paying their payments and moved to a rental. They found a much nicer, larger home to rent for $850 a month. (This was after trying for months to convince their lender to modify their loan.)

The lender wouldn’t drop the payments below $1,200 a month. The house they are renting is selling today for around $95,000.

Someone can buy that house for $95,000 and rent it for $850 a month without losing money. That is what makes it cheaper to rent versus getting a loan modification and staying in your home.

When prices were rising it was actually more expensive to own versus rent. But, everyone wanted to own because their house was supposed to go up in value.

If you are thinking about a loan modification, then first check into the rental market. You will be able to negotiate your loan modification from a position of power.

That will make it more likely that you will get the reduced payment you need so you can keep your home. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on Jacksonville Short Sales: Even With The Tight Rental Market It Is Still Often Cheaper To Short Sale And Rent is provided as a courtesy to our viewers to help them make informed decisions.

How To Solve The Most Common Jacksonville Short Sale Problem

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Jacksonville FL – Short Sales where two or more mortgages are involved are the trickiest. Both mortgage companies are losing a lot of money.

They both think that they are entitled to the proceeds of the sale. This is the most common short sale problem. Today we’ll give you an example of how we solved this problem.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

For example, we had a short sale with a first mortgage, a second mortgage, and a third lien. The third lien was an old credit card judgment. It had to be paid off to sell the house. Here is what happened.

The first mortgage was only willing to pay $3,000 to any second mortgages or liens. The second mortgage wanted $4,500. The credit card judgment wanted $5,000. How were we going to get the extra money for them?

I had to escalate the file with the first mortgage. I told them that they had two options.

Option one: Pay the first and second mortgage what they wanted and net X from the short sale.

Option two: Foreclose and net $15,000 less than X. Yes, my projections showed that they would lose an additional $15,000 if they rejected the short sale.

I have a calculator that puts all these numbers together. In addition, I have the proof to back it up.

Here is an example of that proof. There was recent short sale where the first mortgage stubbornly refused to give enough money to the second mortgage.

As a result, they foreclosed on the house and sold it for around $43,000 less than the short sale price.

I found out about this house because I met the first buyers at an Open House. They were trying to buy a short sale and were offering $272,000. The first mortgage was RBC, owed $337,500.

The 2nd was Bank of America, owed 70k. The agent submitted the short sale offer to both companies. RBC said they would only pay $1,000 to the second mortgage. The second mortgage wanted more.

The short sale dragged out for months. Finally the buyer paying $272,000 walked. The listing agent put the house back on the market. The housing market had declined. Now the only offers she could get were around $230,000. The house ended up selling for $229,000.

RBC was greedy and wouldn’t offer enough money to the second mortgage. As a result, they lost around $43,000. Was that a smart business decision? I don’t think so.

Now, back to my short sale story. I sent this and several other similar examples to the people at the first mortgage company. They agreed to pay the second mortgage $3,000 and completely pay off the credit card judgment.

Everyone came to an agreement and the sale closed. The seller was able to wipe out over $70,000 in upside down debt and move on with her life. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on How To Solve The Most Common Jacksonville Short Sale Problem is provided as a courtesy to our viewers to help them make informed decisions.

A Few Disadvantages Of A Jacksonville Short Sale

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Jacksonville FL – There are some disadvantages of a short sale. But, remember how much a short sale would save you over a foreclosure.

A short sale allows you to buy another home 2-4 years sooner and you avoid paying 2-4 years of rent. That would enable you to pay off your house 2-4 years sooner. You can put the $20,000 to $100,000 saved into your retirement.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Based on that I think we can both agree that a short sale can save you between $20,000 and $100,000 compared to a foreclosure. So, are the following disadvantages worth $20,000 to you?

Cons of a Short Sale:

1. There is no guarantee your bank will accept the short sale offer. However, banks are working very hard to improve their processes. They want the short sale process to become easier to work with.

2. The bank will want to see all documentation on your income and assets. Some people are private and don’t want someone else looking over their information.

3. Short Sales do not always go fast. They can drag on for 3-6 months. However, you can still live in the home for free during that time.

The bottom line is that a short sale is a good option for most homeowners. It allows you to get rid of the debt and move on with your life. Many people rent another home for less than their mortgage payment.

In one example, a homeowner in foreclosure found a larger home with a garage. It even had a fenced backyard for their kid. Their mortgage payment was $1,500.

They rented the nicer, bigger house for $850 a month. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on A Few Disadvantages Of A Jacksonville Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

The Advantages A Jacksonville Short Sales Has Over Foreclosure

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Jacksonville FL – Some people don’t know why they should bother with a short sale. “I’ll just let the bank foreclose. A short sale isn’t worth the aggravation”, they tell us.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

There is one simple reason I would prefer to short sale my home rather than let the bank foreclose. If I short sell my home, then I can buy a new home in 3 years, rather than waiting the 5-7 years required after a foreclosure.

Most people’s finances will improve. They will get back on their feet financially. The economy is starting to pick back up. Some will start a new career. Others will find a new job at a new company.

Many and the most will be able to afford a home again. You can buy another home 2-4 years sooner. That means you can pay it off sooner.

The money you would have thrown away on 2-4 years of rent can be put towards retirement. Would $20,000 to $100,000 help you out in retirement?

That’s the money saved from being thrown away on rent. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on The Advantages A Jacksonville Short Sales Has Over Foreclosure is provided as a courtesy to our viewers to help them make informed decisions.

4 Keys To Successfully Buying A Jacksonville Short Sale

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Jacksonville FL – Buying a Short Sales can be a great way to get a good deal on your home purchase. However, you need to be aware of what is involved with buying a short sale.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here are four things that will give you a better chance at success.

1. You must work with an agent that understands the short sale process. If your agent doesn’t understand the process, then they won’t know which short sales are worth looking at and which to avoid.

2. You must be pre-approved for a loan with a reputable lender. The short sale lender will want to know that you are qualified to buy before they will approve the short sale.

3. You must understand that not every property can be bought for below market value. This is especially true if you are buying a home where the seller’s agent is not experienced with short sales.

The short sale lender is a business and wants to recoup the most money from their investment. The entire reason for the short sale approval process is to protect their investment.

4. Be prepared to wait 3-4 months to buy the home. In my opinion, if you wait past 4 months, then the seller’s agent doesn’t know what they are doing.

It is unlikely that they will be able to convince the lender to approve the short sale, even if you give them another 3-4 months.

Between you and me, anyone who says that their last short sale took 8 months doesn’t know what they are doing. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on 4 Keys To Successfully Buying A Jacksonville Short Sale is provided as a courtesy to our viewers to help them make informed decisions.

Jacksonville Short Sales: Which Buyer’s Offer Should I Accept?

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Jacksonville FL – The Stop Foreclosure Institute recently received a question from Beckie. Here was her question.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

“I need your help. I am trying to short sale my house. My lender is one of the largest in the country. We have been waiting for an answer on the short sale for six months now.

I finally received an answer last week in form of a counter offer to the price. The buyers had agreed to pay $315,000. However, my lender wanted $345,000. The buyer is not willing to offer any more money.

My realtor said he will try his best to negotiate at that price. Before I could send the comps to the lender, they ordered an appraisal. My realtor doesn’t think the house is worth any more than the $315,000.

We put the home on the market and received another offer for $341,000. We told the first buyer if he paid $345,000, then we would sell to him. He didn’t budge. So we accepted the higher offer.

In the meantime, our lender approved the original buyer’s offer at $315,000. That causes my dilemma. The bank’s representative suggested that we not submit the higher offer so as not to rock the boat.

Do we sell to the original buyer who has been waiting to buy the home for several months or sell to the new buyer paying the higher price? Beckie.”

Here was our answer to Beckie’s Question. I don’t personally think that you are morally required to submit the higher offer to BOA.

But, it will help you reduce the amount you owe to your lender and any potential income taxes owed. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on Jacksonville Short Sales: Which Buyer’s Offer Should I Accept? is provided as a courtesy to our viewers to help them make informed decisions.

Jacksonville Short Sales: Why It’s Not Embarrassing To Short Sale Your Home Anymore

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Jacksonville FL – What a relief! You can now short sale your home and not feel like a loser. In fact, it’s becoming the “cool” thing to do.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

I recently read an article about how Medicare was costing way more than the government had projected it would cost. The article stated that there were several stages of how these programs work.

First, people who are eligible have to be told about the program. They join and the program might meet close to its projected costs. Then, all the people eligible for the program join.

After a little while people who aren’t eligible for the program feel like suckers for not getting the free benefits. They jump in. The program starts to cost more than originally projected.

Politicians see the popularity of the program and expand the eligibility. Even more people jump on board. Something similar is happening in short sales and loan modifications.

The sucker stage has kicked in. It’s now considered a smart financial decision to short sale your house. No one is ashamed of it anymore. I don’t think they should be ashamed.

After all, the American Taxpayers are the ones who bailed out the banks. We are the ones bailing out Fannie Mae & Freddie Mac.

Unfortunately, each of us will pay a bunch of money into those failed entities, whether we want to or not. We might as well get some of our money back. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on Jacksonville Short Sales: Why It’s Not Embarrassing To Short Sale Your Home Anymore is provided as a courtesy to our viewers to help them make informed decisions.

Jacksonville Short Sales: Why Persistence Is So Important In Success At Short Sales

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Jacksonville FL – In a recent blog posts, I discussed how banks throw out a short sale file if it is rejected. When an offer comes in on a short sale, it takes 30-60 days for a person at the bank to look at the offer.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Then, that person orders an appraisal on the property. After that appraisal comes back, the bank employee reviews the property value and the home seller’s personal financial situation.

Based on that, they approve or deny the short sale offer. They do this to avoid approving short sales when either a homeowner can still afford the house or the house is selling for under the appraised value.

What do they do if the short sale offer is rejected? Well, they tell the buyer to hit the road and close the file. Everything gets thrown out. The appraisal is thrown out. And all the time that employee spent looking at the seller’s finances is thrown out.

So, each buyer has to wait 60-90 days for an answer on their short sale. If that buyer’s offer doesn’t work, then all that paperwork is thrown out and the property is put back on the market.

(Yes, some banks are pre-approving short sales before they come on the market. But, that is the exception, not the rule. Most banks are not pre-approving short sales.)

The home is marketed and then the next buyer has to go thru the process all over again. So, why does this matter to you?

A short sale helps you avoid the bad mark a foreclosure puts on your credit for the rest of your life. On any future loan application you will have to put “yes” next to the question “Have you ever lost a home to foreclosure?”

So even though the foreclosure goes off your credit in 7 years that question stays with you for the rest of your life. That is why most people prefer a short sale.

Your agent is going to have to be persistent in order to give you a better chance at a successful short sale. A competent, experienced short sale realtor that can successfully navigate the system.

They can convince your lender that it is in their best interest to accept the short sale offer. They can also convince them to pre-approve the short sale at a set price.

This gives you a better chance at avoiding foreclosure. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on Jacksonville Short Sales: Why Persistence Is So Important In Success At Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

Jacksonville Short Sales: More Examples of Stupid Things Banks Do On Short Sales

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Jacksonville FL – We received an email from another agent named Mark that shows how the flawed short sale process causes banks to lose thousands.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here is the email from Mark. “I have been working on a Short Sale for almost a year now. The abandoned Home was listed at $103,000 in the beginning.

The price was unrealistic for a virtual tear-down built in 1860. It will take 3 semi trailers to haul off the asbestos alone. We received several offers for $85,000 and $89,000 from the city.

They wanted to buy the 2 acre property to expand the city park. The asking price is now $69,000 and we have had multiple offers.

However the bank keeps on declining these offers because they don’t feel that they are close to the value of the home.

The bank hasn’t done an appraisal and probably has no idea of the true value other than the supporting evidence I have provided to them. Mark.”

As you can see, the bank has lost $15,000 to $20,000 by turning down the previous offers. This kind of stuff happens every day.

The moral of the story is that you need to hire a competent, experienced short sale realtor that can successfully navigate the system.

That is the key to a successful short sale and avoiding the mark of a foreclosure on your credit. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at jaxssblog@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 904-900-5555

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Jacksonville loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris Curry.

Chris is a Real Estate Broker at Curryteam Realty. Jacksonville Short Sales Realtor:

Phone: 904-900-5555. jaxssblog@gmail.com.

Educating Jacksonville Homeowners on Their Options to Avoid Foreclosure

View My homes for sale at www.CurryTeam.com.

Chris Curry specializes in loan modification assistance and short sales in Jacksonville Florida. Jacksonville Short Sales, Jacksonville Loan Modification Help. Jacksonville Short Sale Realtor. Jacksonville FL Short Sales. Jacksonville Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris Curry, Curryteam Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Curryteam Realty.

This information on Jacksonville Short Sales: More Examples of Stupid Things Banks Do On Short Sales is provided as a courtesy to our viewers to help them make informed decisions.

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