Brian Hewitt RE/MAX Specialists  
 1008 Park Ave, Orange Park, FL 32073
904-505-7651


Brain Hewitt
REMAX SPECIALISTS
904-505-7651
Brian@Hewittsells.com


NOTE: Click on the"Condominiums" property type and then back to "Residential" to activate just residential properties. 

Certified Distressed Property Expert!


SHORT SALES

 

This is the primary mechanism that the banks and agents are using to cure the deficient values right now and it is expected to last for a couple more years. It is estimate that 1 in every 10 mortgages are in default nationally and even higher in Florida.

Government in the act of making homes affordable for all americans along with Wall Street in the act of selling Mortgage Backed Securities that were over rated by reporting agencies caused a flood of money into the lending institutions. With this over supply of money to lend, we found the underwriting guidelines loosening to the point that you could get a loan without:
  • Proof of Income
  • No Money Down
  • Based future income - ARM loans

This combined with the lowest interest rates in 30 years generated so many buyers that the supply of homes could not keep up. Prices we inevitably going to rise as buyers competed for the short supply of available homes.

The banks are working with sellers through the Short Sale Process more and more. It is more than possible now, actually likely, that you could sell your home for less than you owe and not pay a dime to the bank. Read the information contained in links below. If you have any questions, please contact me.   


Important Links

 

 

 

Content copyright . REMAX. All rights reserved.
Web Hosting Companies