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Jacksonville, Florida Short Sale Specialist Realtor®
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Jacksonville Short Sale Defined
The term "short sale" describes a real estate transaction in which a lender agrees to receive a discounted payoff from a borrower. This takes place when the borrower owes more on the home than it is currently worth in today's market.
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The Borrower's Benefits
First of all, your home is sold!
There are however also many other benefits.
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A short sale is free to you! We will charge you no fees throughout the entire process. The bank will pay all of your closing costs which includes our commission.
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Many programs pay $3,000-$20,000 BACK to home owners to complete a short sale.
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Foreclosure is avoided when a home goes through the short sale process. This is a great relief to your credit and allows you to qualify for future loans much more quickly.
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We will work hard with your lender and try to ensure you are completely forgiven of the remaining deficiency after the sale. This means they would forfeit their right to ever pursue a deficiency judgment for the debt. The debt would typically no longer exist! Lenders rarely ask part of the deficiency be repaid to them.
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Unlike a foreclosure, A short sale shows up on your credit as "Paid as Negotiated" or "Settled in Full" just like any other debt that was paid off.
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The Lender's Benefits
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The foreclosure process costs a lender $58,000 on average.
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Too many foreclosures looks bad to a lender's investors, harming their reputation.
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Some government sponsored programs, such as HAFA, offer incentives to lenders and servicers for cooperating in the short sale process.
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After a property is foreclosed on, the lender becomes somewhat of a property manager, wasting their time, effort, and money.
It is for these reasons that a short sale is usually in a lender's best interest. In fact, if you mention a short sale to your lender they would probably be more than happy to work through the process, as opposed to foreclosing on your property.
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Hardships
In order to qualify for a short sale in Jacksonville, FL, a borrower
must prove to their lender that they are in a financial hardship.
This could include:
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Loss/reduction in income
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Job loss
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Divorce
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Increased living expenses
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Vacant rental properties
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Relocation or job transfer
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Medical bills/illnesses
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Death in the family
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Lack of resources to make
needed major repairs
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Getting Started
First, give us a call! Explain your situation to us and we will explain the Jacksonville short sale process more in depth to you, as well as determine whether or not this may be your best option. You will also be informed of programs that can provide you with incentives and benefits, such as the HAFA Program or HAP for military members.
If it is determined that a short sale is your best option, we will provide you with all of the forms that will need to be sent in to your lender in order to get the process started. My team and I will walk you through the entire process as well as handle all of the work with your lender to get the transaction completed.
Let us help you!
904-733-4911
Mike Linkenauger Team
  
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Home Evaluation
Fill out our instant home evaluation form to find out
where your home stands in today's market.
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The Jacksonville Short Sale Process
| Step 1: Call us at 904-733-4911 or click on the Chat icon to the right. You will speak with me or one of the Florida state licensed Realtors on my team about your current situation. We will then determine whether or not you may qualify for a short sale. If it seems as if you have all of the qualifications, we will provide you with the documents you will need to fill out and submit to your lender in order to be approved to short sale your home. This includes examples of actual hardship letters you can use as a guide to write your own. From this point, we will walk you through the entire process. Step 2: A member of my team or myself will come to your property and assess its value. The property will then be listed for sale and aggressively marketed to bring forth a quick sale.
Step 3: Once an offer is received on the home, we will submit it to your lender. This starts the negotiating process which at times can be lengthy. The good news is, banks are getting much quicker at replying to an offer!
Step 4: Your lender can then choose to accept or deny the offer made on your home. If accepted, a closing date will be set. If denied, we will continue to market your home in hopes of a higher offer.
Step 5: Closing! Remember, your lender will pay all of your closing costs, including our commission. Also, we will work with your lender to ensure you are fully forgiven from any deficiency that may remain after the sale. Now you can move on with your life, debt free! 904-733-4911
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Northeast Florida Short Sale Realtor
As a lifelong resident of Northeast Florida, I am very familiar with the area and more specifically, Jacksonville's real estate market. I enjoy working with each customer, whether that involves getting them into the home of their dreams or helping them avoid Jacksonville FL foreclosure through a short sale. My team and I are sure to make you feel at ease throughout the entire process.
Short sales are a fairly new trend in the real estate market due to the current situation of the U.S. economy. Banks are now better than ever when it comes to short sales. Just a few years ago, getting a short sale approved seemed nearly impossible at times. However, lenders have realized that short sales can benefit them as well as the sellers. Because of this, short sale departments within the banks have experienced vast improvement. We are now seeing cooperation from every party which results in a quicker sale!
If you are looking to buy or sell a Jacksonville short sale property you're going to need an experienced, local short sale specialist Realtor by your side. That's where we step in! As your personal Northeast Florida Realtor, we will make sure you are properly informed and dealt with fairly. If you are looking to sell your Jacksonville home, we will get your home on the market as soon as possible! Our marketing techniques far surpass most in the business. If you're interested in purchasing a Jacksonville distressed property, we'll find the perfect home for you at the right price!
Call us for any additional information you may need!
904-733-4911
Or click on the chat icon below
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Avoid Jacksonville Foreclosure At All Cost!
| Never come to the conclusion that foreclosure is your only option! Regardless of what any Realtor or lender has told you, there is hope outside of a foreclosure. Unfortunately, many home owners are not aware of alternatives, such as a short sale, and their home is foreclosed on.  | | Not only will a foreclosure ruin your credit, but it also looks bad to present and future employers. In addition, after a foreclosure (up to 20 years!) your lender holds the right to pursue a deficiency judgment of the remaining debt. I many cases, banks will wait until the borrower is back on their feet to pursue judgment, but in others they don't. | In conclusion, you do not want your home foreclosed on! Find out more information on short sales, as it is the best solution in many cases. Even if your lender has already contacted you with intentions of foreclosing, if you prove that you are attempting to short sale your property they will likely push back the auction date. Remember, a foreclosure will cost them around $58,000, making it a headache to your lender as well as you. Call us at no obligation to learn more about short sales and how we can help you! My team and I would be more than happy to speak with you about your current situation and what options are best for you.
Keep in mind, none of this will cost you a penny!
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Jacksonville, Florida Stop Home Foreclosure
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St. Augustine FL Short Sale Specialist Realtors - Short Sale Realtors in St. Augustine Florida offering FREE services to home owners in hardship.
Stop Foreclosure in Jacksonville Florida - Jacksonville Realtors help to stop foreclosure and short sell your home at no charge to you!
Orange Park FL Short Sale Specialist - Orange Park home owners can receive free short sale services from a specialist at no cost!
Green Cove Springs FL Short Sale Real Estate - Stop mortgage foreclosure on your Green Cove Springs FL home with a specialist in short sales for FREE!
Atlantic Beach FL Stop Foreclosure Help - FREE help to Atlantic Beach FL home owners in hardship. Short sale before it's too late!
Duval County FL Short Sale Specialists - Duval County Realtors helping borrowers avoid foreclosure through short sales.
Jacksonville Beach FL Short Sale Help - Short sale your Jacksonville Beach property for FREE with a local licensed Realtors specializing in short sales.
Ponte Vedra Short Sale Specialist Realtor - Short Sale assistance to Ponte Vedra home owners in a financial hardship facing foreclosure.
Jacksonville FL Luxury Short Sale Homes - Interested in luxury homes at a good price? Many luxury homes are not being sold off at unbelievable prices! My team of Jacksonville luxury real estate short sale specialists and I can get you in a luxury home in no time!
St. Johns County Avoid Foreclosure Realtor - We specialize in stopping foreclosure proceedings on your St. Johns County FL home through a short sale.
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(904)733-4911
As opposed to many short sale horror stories you may hear, lenders are closing short sales! They now realize it's in their best interest to cut their losses and accept a short sale. This has resulted in improved short sale departments across the U.S. Bank of America is where we have seen the most improvement. In the past, BOA was one of the worst lenders to work with which caused many agents to not even try! After switching over to the new Equator Short Sale processing platform, Bank of America is now known as one of the best lenders to work with. We are experienced in working short sales with all major lenders. Some of our favorites to work with are Wells Fargo, Litton Loan Servicing, GMAC short sales, Saxon, Citi, Chase, and Wachovia. We are here to offer assistance for all short sale situations, and are specialists in short sales of luxury homes and luxury real estate.
First Coast Realty Associates and The Short Sale Specialist Network do NOT offer short sale or foreclosure rescue services outside the state of Florida. We can refer you to a local agent, which is not considered a real estate brokerage service. If you are in the Northeast Florida area and choose to utilize our local brokerage company to assist with a short sale, the following will apply - 1. If you stop paying on your mortgage, it will have a negative impact on your credit. We never advise anyone to do this, and encourage you to seek professional tax and legal advice where appropriate.
2. First Coast Realty Associates and The Short Sale Specialist Network are not associated with the government, and our service is not approved by the government or your lender; and
3. Even if you accept this offer and use our service, your lender may not agree to change your loan. 4. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject the offer, you do not have to pay us. If you accept the offer, you will have to pay us commission as agreed to in the listing contract for our services.
First Coast Realty Associates is not associated with the government and our services have not been approved by the government or your Lender. If you stop paying your mortgage you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale. With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.
Our Jacksonville area Certified Distressed Property Expert real estate agents are here to help, and are Certified or training in the Florida Home Affordable Foreclosure Alternatives, or HAFA Government short sale program. Need a Jacksonville Certified Distressed Property Expert in short sales to offer free Chase short sale services? Contact Us.
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Contact Us!
Mike Linkenauger Team
(904)733-4911
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