Welcome to Jorge Nunez Short Sale Buyers and Sellers Response Team Webpage Foreclosure? There is no upside to foreclosure. It should be avoided at all costs. If I tell you that you don’t have to be late on your payments in order to list your home for a Short Sale. Would you believe me? You better. Listen… Sitting back and just thinking about it won’t get you much of what you need. The lender taking your house is the result of a foreclosure. Not only will they repossess your house, the lender can, and I believe they will, get a judgment against you for the arrearages you owe plus his costs for the foreclosure action. If that isn’t enough, your Credit Report, Top Secret Clearance, Job Opportunities, will be in a weak condition for many years to come, worsening an already bad financial situation, making it very difficult to obtain any other type of credit. I will avoid foreclosure at all costs. Short Sale? While an accepted short sale will save you from foreclosure, it will also have negative effects on your credit score. You may overcome these negative effects quicker than the stained records of a foreclosure. Also, the Internal Revenue Service frequently deemed the difference between the mortgage balance and the amount realized (Gains) from the short sale to be taxable as income despite the fact that you never saw a penny of it. Now we have a new federal legislation called the Mortgage Forgiveness Debt Relief Act 0f 2007 that just went into effect on January 1st, 2008. This new act essentially eliminates this problem. In a nut shell, a Short Sale will not take place, without you starting it and approving it at closing. Do everything you can to avoid foreclosure and do it as quickly as possible. Sitting back and just thinking about it won’t get you much of what you need. Expert Vs a Response Team? Those that have successfully completed a Short Sale and those that have not will both tell you that this is not a transaction for the inexperience. I will never attempt to complete a Short Sale all by myself, is my opinion that will do more harm than good. Would you rather owe $200,000 or $39,000? Please don’t just hire an Expert when you can hire a whole response team. When you are ready and if you want, my team is standing by now waiting for you to make the correct decision. Call us now. 1 904 945 2144 Short Sale | Foreclosure Property is sold and lender accepts proceeds as payment in full Vs Lender takes title and forces sale of the property. Deficiency judgment. In many successful short sales it is possible to convince the lender to give up this right as part of the short sale. Vs In many states, depending on the kind of loan, the bank has the right to pursue a deficiency judgment. Short sale is not reported on a credit history. There is a no specific reporting item for “short sale.” The loan is typically reported “paid in full, settled” Vs Foreclosure will remain as public record on a person’s credit history for 10 years or more. A short sale on its own does not challenge most security clearances Vs Outside a conviction for a serious misdemeanor or felony, a foreclosure can be one of the most challenging issues against a security clearance. If a client has a foreclosure and is a police officer, in the military, CIA, or any other position that requires a security clearance, in most cases clearance will be revoked and the position will be terminated. The Short Sale Process in a nut shell You Contact Me, Your Real Estate Professional, Memnber of The National Association of REALTORS® We Gather All Needed Paper Work For My Team Real Estate Broker. List Property For Sale As A Short Sale With My Team. Prepare and Launch Sales and Marketing Packages. Establish Communication With The Team Attorney. Establish Communication With Our Team Title Officer. Establish Communication With Our Sales Negotiator. Accept An Offer and Close On Offer. EXiT Real Estate Gallery is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating. EXiT Real Estate Gallery is the authorized licensed broker for Jorge Nunez Short Sale Team. Free Short Sales Listings | Free Foreclosed Listings Press Here     
_________________________________Foreclosures listings_______________________ We sale Orange Park Foreclosures and provide free Orange Park Foreclosures Listings at Houses Apartments and Condos. Also buy here Orange Park Real Estate. Search for Houses Apartments and Condos! And Real Estate for sale - Find Orange Park, FL foreclosures. View foreclosure properties in Orange Park including pre-foreclosures, bank owned homes, short sales & more. Get information about Orange Park foreclosures, Orange Park FL foreclosures, Orange Park Florida foreclosures, Orange Park foreclosed real estate, Orange Park foreclosure properties, Orange Park foreclosure listings, Orange Park short sales, Orange Park FL short sales, Orange Park Florida short sales, Orange Park short sales real estate, Orange Park short sales properties, Orange Park short sales listings, Jorge Nunez, Orange park Florida real estate, Clay county Florida foreclosures, Foreclosure homes in orange park fl, and Foreclosures in clay county fl.. Avoiding foreclosure. Please get the support and professionalism you need and always deserved from my team. You are not alone! Many ask us whether the seller should agree to a negotiated promissory note in a short sale or allow the house to go to foreclosure. While this is a highly discussed issue in today’s marketplace, it really is a very simple decision. Yet, there is so much more you need to know. Please don’t just hire some EXPERT, call and hire my team today. You deserve more. 904 945 2144 A Short Sale transaction occurs when market and financial conditions force a property owner to sell their property for less than what is owed on the mortgage and the lender is willing to accept less than full amount as payment in full. Although it sounds like the perfect out, your decision to enter into a short sale transaction should not be made lightly. The best strategy under any conditions is to continue paying your mortgage, wait for the market to correct, let your property appreciate and sell your house when the value has returned. Losing your home to foreclosure due to an inability to pay your monthly mortgage payments is one of life’s most unpleasant experiences. However, occurrences such as serious illness, a major accident, and divorce or job loss can happen to anyone. If you find yourself in this situation, a Short Sale could be your best option. The inevitable result of a foreclosure is the lender taking your home. Not only will you lose your home, but the lender can get a judgment against you for the arrearages you owe plus his cost for the foreclosure action. If that isn’t enough, your credit report will be in terminal condition for many years to come, worsening an already bad financial situation and making it very difficult to obtain any other kind of credit. There is no upside to foreclosure. It should be avoided at all costs.Jacksonville Florida Short Sale, Jacksonville FL Short Sales, Jacksonville Florida Short Sale information, Jacksonville Florida Short Sale Listings, Jacksonville Florida foreclosures, Jacksonville Florida foreclose real estate, Jacksonville Fl foreclosure properties, Foreclosure homes Jacksonville Florida, Foreclosures in clay county fl, Short sales Duval county, northeast Florida short sales, short sales northeast Florida What is a Short Sale? A short sale in real estate occurs when the outstanding obligations (loans) against a property are greater than what the property can be sold for. Short Sales are a way for homeowners to avoid foreclosure on their homes and still be able to pay off their loan by settling with the lender. The benefits of a short sale over foreclosure are obvious. A foreclosure puts a long-lasting black mark on your credit history and the process can be long and costly. Short selling can be much faster and less expensive, and it doesn't leave a black mark on your credit like a foreclosure. What is a Deed in Lieu of Foreclosure? A Deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in their real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default as to avoid foreclosure proceedings. Usually a deed in lieu of foreclosure offers several advantages to both the borrower and the lender. The principal advantage to the borrower is that it immediately releases him/her from most or all of the personal indebtedness associated with the defaulted loan. The borrower also avoids the public notoriety of a foreclosure proceeding and may receive more generous terms than he/she would in a formal foreclosure. Another benefit to the borrower is that it hurts their credit less than a foreclosure does. Advantages to a lender include a reduction in the time and cost of repossession, and additional advantages if the borrower subsequently files for bankruptcy. What is a Loan Modification? A loan (mortgage) modification is when the lender modifies your current mortgage in order to work with you because of a financial hardship. The purpose of a loan modification is to help make your loan more affordable. Usually it is in the form of a rate reduction, principle reduction and/or a fixing of the rate for a certain amount of time. Loan Modifications programs include government programs like the Making Homes Affordable and traditional "in-house" loan modification programs. What is the Foreclosure Process in Florida? A foreclosure in Florida begins when a lender files court action and records a notice of a pending lawsuit (Lis Pendens). If the borrower does not respond to the foreclosure complaint within the allotted 20 days, the county clerk can find the borrower in default and the lender can ask the court to make a final ruling in the foreclosure case. If the court rules against the borrower, the ruling will include the total amount owed to the lender and the foreclosure sale date. The foreclosure sale date is typically 20-45 days after the court ruling, but this may vary depending on the individual court. Within 10 days of the foreclosure sale, the clerk transfers ownership to the winning bidder. In most instances, a borrower has no right of redemption after the certificate of sale is issued in a foreclosure auction. |