A short sale occurs when real estate is sold for less than the amount of debt owed to the lienholder. This typically happens when the lienholder expects that a mortgage will never be repaid. If your mortgage is higher than the value of your home, a short sale may be your best option.
If you weigh a potential home foreclosure against a short sale, the latter would be the best choice from a personal credit standpoint. Not only would that save your credit score, but you would be able to buy another home, in some instances, almost immediately after your sale is completed. You would also save on all the fees associated with a home sale, including agent commissions and closing costs.
Free, there are no fees for the seller to pay for conducting a short sale; the agent’s fees are absorbed in the sale.
No, in many instances a homeowner can maintain payments up to the time of sale, while preserving credit.
Historically, short sales could take up to six months or more to complete. Our general turnaround time is under 90 days.
Unfortunately,jax home buyers group. cannot conceal the fact that a lis pendens is filed on your property. But working with our team, we can keep a sign off of your property and personal information limited.
All personal information is kept secure and destroyed after transactions have taken place.
Phone number: +1 904-414-5338
Email: jaxhomebuyersgroup@gmail.com
We buy homes in any condition, in Jacksonville and surrounding areas. Our process is fast, easy, and hassle-free.
