jacksonville foreclosures: Jacksonville Market Christmas blahs.........
- 12/08/09 04:47 PM
Is it just me, or is this Christmas here too soon? I'm just not ready for it yet. It could have something to do with the fact that it's going to be 83 degrees tomorrow. Somehow, 83 degrees and Christmas just don't seem like a good match! How can we get past this heat?!?!? The real estate market remains hot too. I got another short sale listing today. Another investor owned property that would be a really good buy for someone. There still seems to be a lot of activity out in the market. Lots of buyers trying to take advantage … (0 comments)
jacksonville foreclosures: Is it too late to write a contract for a First Time Buyer?
- 10/15/09 02:27 AM
My First Time Buyer continues to lose out on all of the "deals" out there! We have been beat on every offer we've made! I swore I wouldn't write a contract after the 15th of October for ANY First Timer. Here it is the 15th and I still haven't been able to help my buyer find a home! Is it too late? Are they going to extend the Tax Credit for first time buyers? WHEN are they going to extend it? Should I take a chance and write a contract that might not close by November 30th? What are your thoughts … (4 comments)
I was never really crazy about showing short sell homes anyway. Now, I'm TERRIFIED to sell one! If the average short sale takes 90-120 days to get to closing, there is just NO WAY a First Time Buyer can buy a house after this week and have any confidence that they'll beat the November 30th deadline to close. This really is hard for them to understand and sometimes I think they think I'm just being "Debbie Downer". The truth of the matter is that when November 30th gets here, they'll probably be about 3-5 weeks away from closing! I've heard the … (0 comments)
jacksonville foreclosures: First Time Buyers in Jacksonville
- 06/06/09 05:18 PM
Wow. I knew the $8,000 tax credit would help with home sales, but when they made it available to first time buyers NOW--my phone started ringing like crazy! The idea of having most, if not all of your closing costs covered, was just more than these buyers could resist. Apparently lots of young buyers, and old ones too for that matter, that have been thinking about buying a new home just needed a little nudge to push them off the fence. In my case, all of my clients have enough money for the down payment, but not for the closing costs AND the down payment. PROBLEM SOLVED! … (0 comments)
jacksonville foreclosures: Foreclosure Freeze
- 02/14/09 09:36 PM
It appears that most major lenders have frozen all foreclosures until at least the end of March. A formal announcement is expected Wednesday from President Obama concerning the foreclosure crisis we're in. I think that this is a great time for the lenders to step up and get their act together! The short sale situation is one of the main reasons that there are so many foreclosures. If the lenders would beef up the staffing of the short sale loss mitigators, we could close on a lot more short sale home sales instead of having them end up in foreclosure. I … (0 comments)
jacksonville foreclosures: Help For Renters in Homes Being Foreclosed On
- 12/16/08 12:39 PM
After sharing several posts about the peril of renters caught up in the mess of home foreclosures, I am happy to report that help is on the way. Fannie Mae is coming to the rescue! I read the following article on the Florida Association of REALTORS web site today and was thrilled to see that this problem is FINALLY being dealt with. I have seen several families displaced through no fault of thier own and it is heart breaking. I think that the plan outlined below will help a LOT of families. I hate that it took this long for some … (0 comments)
jacksonville foreclosures: Jacksonville Short Sale Market
- 11/09/08 01:51 PM
The number of short sale properties in the Jacksonville area continue to cloud the market. A quick update of MLS indicates that 21% of all residential listings are either a short sale, REO or a preforeclosure. The condo market fared a tad better. The stats show that 16% of all condos currently listed in MLS are in some state of distress. The sale of these properties continues to drag the price of all listings down. This is a great time to be a buyer or investor in Northeast Florida. There are some unbelievable deals out there and it doesn't appear that … (0 comments)
Is it just me, or is this Christmas here too soon? I'm just not ready for it yet. It could have something to do with the fact that it's going to be 83 degrees tomorrow. Somehow, 83 degrees and Christmas just don't seem like a good match! How can we get past this heat?!?!? 
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