Short sales provide an exit strategy for home owners most in need of a solution.
Upside Down in Your Mortgage?
Jacksonville Real Estate Help for Home Sellers Who Owe More Than Their House is Worth
You don't have to "hire" anyone for foreclosure prevention help. Some legitimate companies will contact you offering to negotiate with your lender but many illegitimate companies will contact you too. Definitely don't lose your house to foreclosure scams - not all companies and individuals are reputable. Any firm claiming they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf is probably illigitimate, you may well be signing over the title to your property.
Never sign a legal document without reading and understanding all the terms and getting professional advice from a trusted real estate professional and a real estate attorney or a HUD approved housing counselor. Also, be sure to open and respond to all mail from your lender. They will provide information about foreclosure prevention options and later mail from them may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court so DO NOT IGNORE IT.
After healthcare, keeping your house is likely your number one priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Delay payments on credit cards and other unsecured debt if you must, but pay your mortgage. Consider any other assets that you can sell for cash to help reinstate your loan. Or take on a second job. Even if these efforts don't significantly increase your available cash, they do demonstrate to your lender that you are willing to make sacrifices to keep your home.
What is a Short Sale?
The Problem
Our changing economy has put home owners in Jacksonville, Florida and across the country in the precarious position of trying to get out from under a mortgage that has become too much for their family to bear.
With a home on which they owe more than they can sell it for, they often feel trapped, pressured and without any viable options.
Sound familiar? We can help.
Working together we can find the right solution for you and implement it. With us, you always have an option and always have a choice.
The Solution
We have the experience necessary to work with local and national lenders to negotiate viable options. We understand the legal and financial complexities involved in such situations. We have the compassion and determination to help you work through your difficulties. We can be your advocates, your representatives, and your friends you can count on.
Most lenders require a short sale application package to be completed by the sellers, including a financial worksheet and a letter of hardship explaining why the owners cannot continue to meet their obligation. Most lenders are willing to accept less than the mortgage balance (this is the simple definition of a short sale) in these situations but the buyer's offer must still be in an acceptable range of what is considered fair market value under current market conditions and the lender will have to approve of any price and/or other conditions of the offer.
Short sales may not be easy, but they do provide an exit strategy for homeowners most in need of a solution.
If you or someone you know would like to find out more, please call us today. We're here to help. Don't wait until the last minute. The sooner we address the problem, the better the likely outcome.
"Putting off an easy thing makes it hard. Putting off a hard thing makes it impossible."
George Claude Lorimer
Who We Are
Identifying their complementary strengths and channeling them into a powerful business team is how Tim and Susan have become one of Jacksonville’s most respected real estate teams. “Combining Susan’s twenty-five years of experience as a real estate professional with my expertise as a marketing and home improvement specialist is a dream come true for our clients,” says Tim. And Susan couldn’t agree more: “With our combined energy, we’re able to provide a whole new level of service for buyers and sellers that no single agent can match.”
Working as a team, Tim and Susan are twice as valuable to home buyers and sellers—because, by definition, their clients get two professionals working for them at the same time. Through constant communication with each other and their clients, Tim and Susan can discover and evaluate more opportunities; helping people more effectively find that perfect home for their families or generate a more favorable return on the sale of their home. And with their complementary styles, it’s easy to see how their combined knowledge and expertise can help you get the very most from your real estate opportunities.
Buying or selling your home is often one of life’s most important financial decisions, which is why choosing the right real estate team is critical. If you’re considering a move in the Jacksonville area, get the energy, experience and teamwork of two outstanding professionals working for you. Contact Tim and Susan today and discover why the right agents make all the difference in the world.
The Team
Timothy H. Fennell PA
Susan A. Fennell PA
Broker Associate
...Susan’s energetic, go-getter style. Combine the two, and you get a powerful combination that seizes opportunities and turns obstacles into victories. Tim and Susan bring a new energy to their blended family and business, working hard to show how differences should not only be appreciated, but are often the key to success and accomplishment.
With his educational and professional background in psychology and counseling along with several years as a home-improvement specialist, Tim is detail-oriented and patient, with a focus on clear communication. His step-by-step approach to overcoming challenges perfectly complements...
Contact Us
Whether via phone or email, we will respond within 24 hours as long as you provide a valid phone number and/or email address.
We meet the needs of the entire 5 county metro area including Duval, St Johns, Clay, Baker and Nausau County.
904-568-4528
www.JaxPowerListings.com
www.BestHomesInJacksonville.com
Hometown Realty of Duval, Inc.
10421 Old St. Augustine Road Jacksonville, FL 32257
904-288-9293
©2009-2011 Tim and Susan Fennell - Hometown Realty of Duval, Inc. 904-288-9293 - Jacksonville, Florida - www.BestHomesInJacksonville.com
