Orange Park FL – First, it benefits the owner of the loan. This is because they get to sell the house at today’s price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings.
All of the listings were the similar properties in similar neighborhoods. First, I looked up the average selling price per SQFT of homes that sold in Spring. They sold for an average of $103 a SQFT.
Then, I pulled up homes in the same neighborhoods that sold as REOs in the last 2 months. They are sold for an average of $85 a SQFT. These homes average 1,700 a SQFT. That means a 1,700 REO sold for $30,600 less. Ouch!
Discover how other sellers successfully did a short sale and request a free consultation by clicking here.
The other person that’s getting value is the buyer. They get a better deal in today’s market than buying a home from someone who is trying to squeeze out every penny.
You, the seller also benefit. You will be eligible to buy another home in 24 months. You have a better chance of getting a job, because many employers check that nowadays. A short sale is a win – win for everyone involved.
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at Home@FM-Realty.net. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 904.531.9327.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Orange Park Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.
Thanks for reading this, Fred Martin.
Fred is a Real Estate Broker at FM Realty.
Phone: 904.531.9327. Home@FM-Realty.net.
View My homes for sale at www.FM-Realty.net.
Fred Martin specializes in loan modification assistance and short sales in Orange Park Florida. Orange Park Loan Modification Help, Orange Park Short Sales. Orange Park Short Sale Realtor Short Sale Realtor. Orange Park FL Short Sales. Orange Park Realtor.
Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. 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. The views expressed here are Martin’s personal views and do not reflect the views of FM Realty. This information on Orange Park Short Sales: Who benefits from a short sale is provided as a courtesy to our viewers to help them make informed decisions.