Just a head's up for buyers in the market for a home or investors looking for a great deal.
We will be drastically reducing prices on almost all of our short sale homes and foreclosures in Jacksonville in the coming week.
Make sure to sign up on our short sale site
to receive updates on new pricing and properties.
Also, rates are at all time lows,REALLY. click here to read newswire story on Marketwatch
Have a MERRY CHRISTMAS!
Wednesday, December 24, 2008
Thursday, December 11, 2008
River Oaks Plantation FORECLOSURE-DEAL OF THE WEEK
This can't last a pool home in River Oaks Plantation for only
$335,000
5 Bedrooms
3 Baths
Sq Ft: 2630
CALL US TODAY BEFORE IT'S GONE
List Date: 12/02/08 Garage: 2 Car Garage, Attached Garage Pool/Spa/Hot Tub: Yes, See Pool Features
Subdivision: River Oaks Plantatio Additional Rooms: Family Room, Lndry/Util. (inside), Separate Living Room Approx Parcel Size: 1/4 to 1/2 Acre
Assoc. Fee: $385.00, Annually Bath Features: Garden Bath, MBR Bath Tub Sep Stl Total Baths: 3.00
Bedroom Features: Split Bedrooms Common/Club Ament: Club Facilities, Dock/Pier Structure: Wood Frame
Exterior Wall: Stucco Fencing: Fenced Rear Lot Description: Regular Lot
Major Appliances: Dishwasher, Microwave, Range Electric, Washer/Dryer Connect
Additional Features: Great price for this pool home in great neighborhood. Fifth bedroom is upstairs with full bath. Screened pool, Large kitchen open to family room and good size back yard.
NO PICTURES AT THIS TIME, CALL US TO MAKE AN APPT!!!!
904-716-3387
$335,000
5 Bedrooms
3 Baths
Sq Ft: 2630
CALL US TODAY BEFORE IT'S GONE
List Date: 12/02/08 Garage: 2 Car Garage, Attached Garage Pool/Spa/Hot Tub: Yes, See Pool Features
Subdivision: River Oaks Plantatio Additional Rooms: Family Room, Lndry/Util. (inside), Separate Living Room Approx Parcel Size: 1/4 to 1/2 Acre
Assoc. Fee: $385.00, Annually Bath Features: Garden Bath, MBR Bath Tub Sep Stl Total Baths: 3.00
Bedroom Features: Split Bedrooms Common/Club Ament: Club Facilities, Dock/Pier Structure: Wood Frame
Exterior Wall: Stucco Fencing: Fenced Rear Lot Description: Regular Lot
Major Appliances: Dishwasher, Microwave, Range Electric, Washer/Dryer Connect
Additional Features: Great price for this pool home in great neighborhood. Fifth bedroom is upstairs with full bath. Screened pool, Large kitchen open to family room and good size back yard.
NO PICTURES AT THIS TIME, CALL US TO MAKE AN APPT!!!!
904-716-3387
Another new website to search foreclosures in Jacksonville
We transfered over one of our site to make a new foreclosure search page.
Click here
To see the site where distress home buyers can find foreclosures and companies can order Broker Price Opinions in Jacksonville, Florida.
We will be updating the site on a regular basis so stay tuned
Click here
To see the site where distress home buyers can find foreclosures and companies can order Broker Price Opinions in Jacksonville, Florida.
We will be updating the site on a regular basis so stay tuned
Sunday, November 30, 2008
Mandarin and NW St. JOhns County Foreclosures and Short sales
Our site has come up with a new way to search for short sales and foreclosuresclick here to view listings of only short sale, pre-foreclosure and Foreclosure properties in Mandarin and St. Johns County.
The system is not perfect, so if you are serious about purchasing a distressed property in Jacksonville, we still suggest you use our main short sale site, and fill out the form for finding short sales and REO properties.
GOOD HUNTING!
Sunday, November 23, 2008
Foreclosures up 5% From September
New programs may help curb new foreclosures, however the rise in unemployment numbers in white collar jobs may bring more short sales and foreclosures in middle to upper end homes
Tuesday, November 11, 2008
Bank approval-DEAL OF THE WEEK
Previous buyer backed out on buying this home on Tori Lane
Located on Tori Lane you can find pictures and info at our short sale website
Great deal, bank is willing to pay up to 3% of buyers closing costs, 4/2 on a lake 2178sqft. Again, lots of info on our site.
Bank approved at 158K
Or you can contact us directly at 904-716-3387 for more info.
Still need offers on previous posts
Candlewood and Deersong Loop and Bartram Park.
BURGANDY BRACH IS CLOSED
PEERLESS POOL HOME UNDER CONTRACT
HAVE 2 NEW SHORT SALES CONDO IN JAX BEACH 3/2 180K & 3/2.5 1 car garage on the southside at 120K.
Call us for more info or visit the site
Located on Tori Lane you can find pictures and info at our short sale website
Great deal, bank is willing to pay up to 3% of buyers closing costs, 4/2 on a lake 2178sqft. Again, lots of info on our site.
Bank approved at 158K
Or you can contact us directly at 904-716-3387 for more info.
Still need offers on previous posts
Candlewood and Deersong Loop and Bartram Park.
BURGANDY BRACH IS CLOSED
PEERLESS POOL HOME UNDER CONTRACT
HAVE 2 NEW SHORT SALES CONDO IN JAX BEACH 3/2 180K & 3/2.5 1 car garage on the southside at 120K.
Call us for more info or visit the site
Have a mortgage with CITI?
If you have a mortgage with CITI mortgage in Jacksonville or northeast Florida, take a look at this video
Sunday, November 2, 2008
NEED AN OFFER ON THIS SHORT SALE
Great buy on a preserve lot in Northeast Jacksonville, Home is close drive to Mayport Naval Station and the beaches, + downtown.
Home is in great condition, lender is waiting on an offer.
Home is a 4/2 2400sqft 2 car garage, in great condition.
Contact our Short sale Foreclosure Division at 904-716-3387 to submit an offer or to schedule an appt.
Friday, October 24, 2008
Brand new short sale Bartram Springs, looking for offers.
Looking for any offers here, Bank has suggest short-sale for this seller. BOFA And Countrywide, long process, but a great buy for investor or first time home buyer.
2/2
Approx. Heated SqFt 1,362 Year Built 2006
Shows Like Model and overlooks lake! Kitchen features 42' cabinets; smooth top range; microwave; tile floors. Master bath features upgraded tile and garden tub. This floor plan has wonderful loft witch can be converted to 3rd bedroom (has closet). This home is a short sell and seller has been working with the bank to have everything ready. Bring all offers!
First offer goes to bank, and will be locked with only accepting back ups, contact us for more info.
Not what you are looking for make sure to go to our short sale website http://www.Short-Sale-jacksonville.com
Thursday, October 23, 2008
Home prices drop 5.9 %
Thursday, October 16, 2008
Now a Short Sale w/ large equity Position
Great buy, 4/3.5 2638 sqft. for only $207,000
All offers will be submitted, but be realistic.
Owner had large equity position when he purchased, so huge opportunity here.
To view more about this home click here
Monday, October 13, 2008
New deal of the week! 10-13-08
2700+ sqft home on Jacksonville's Southside in Sutton Lakes!
Huge backyard with inground pool.
Home just came on the market on Sunday won't last through the week!
Contact our Specialty Division at 904-716-3387 to schedule an appt. and to make an offer!
This property is a short sale, that the bank has asked our team to do for the current owners!
Click here to view more short sale properties like this one
Friday, September 19, 2008
BEST DEAL ON THE MARKET RIGHT NOW
3323 Burgandy Branch Dr in Orange Park | $150,000 5 Bedrooms MLS# 444810 | ||
| Short Sale Opportunity 5/3 Short Sale opportunity. | |||
| Features | |||||||
| List Date: | 08/04/08 | Garage: | 2 Car Garage, Attached Garage | Subdivision: | Hickory Glen | | |
| | Additional Equipment: | Security Sys.-Owned, Smoke Detector | Additional Rooms: | Bonus Room/Game Room, Entry Hall / Foyer | Approx Parcel Size: | 1/4 to 1/2 Acre, Less than 1/4 Acre | |
| | Assoc. Fee: | $50.00, Annually | Bath Features: | Garden Bath, MBR Bath Tub W/Shwr | Total Baths: | 3.00 | |
| | Bedroom Features: | Split Bedrooms | Common/Club Ament: | Sprinkler System | Interior Amenities: | Vaulted/Cath. Ceil., Walk-in-Closet(s) | |
| | Kitchen Features: | Breakfast Bar | Lot Description: | Regular Lot | Major Appliances: | Dishwasher, Dryer, Range Electric, Refrigerator, Washer/Dryer Connect | |
| | Cooling: | Central Cooling, Electric Source | | ||||
| | Additional Features: LENDER APPROVED AT THIS PRICING, BANK SHORT SALE WITH APPROVAL. BEST PRICED HOME IN ALL OF ORANGE PARK, WILL NOT LAST! Open Floor plan, big master(garden tub and sep. shower) Bonus Room, Split bedrooms, formal dining. much more. Open Kitchen, w/ stainless steel dishwasher & Stove, Has everything you need at great pricing. Contact US TODAY AT 904-260-3787 TO SCHEDULE AN APPT FOR THIS WEEKEND, THIS SHORT SALE WILL NOT BE AROUND NEXT WEEK. CURRENTLY THIS IS THE BEST PRICED 2000+ SQFT NEWER HOME IN ALL OF ORANGE PARK! | ||||||
Friday, September 12, 2008
Foreclosures Up, but slowing
Foreclosure filings in August increased 27 percent compared to the same month a year ago, a significantly slower pace than in previous months, according to data released Thursday.
Click here for full story from Yahoo
Click here for full story from Yahoo
Monday, September 8, 2008
Deal of the week
Sorry about the delay on this one, but we have been waiting all day to make sure the original buyer was not moving forward.
2447 Woodstork Pl in St Augustine
$192,000
5 Bedrooms
3 Baths
Sq Ft: 2634
Short Sale
World Golf Village Short Sale, Heritage Landing Pre-Foreclosure
Features
List Date: 08/18/08 Garage: 2 Car Garage Subdivision: St Johns Six Mile U2
Stories: 2 Stories Additional Equipment: Smoke Detector Additional Rooms: Entry Hall / Foyer, Family Room, Lndry/Util. (inside)
Approx Parcel Size: Less than 1/4 Acre Lot Dimensions: 60x125 Assoc. Fee: $75.00, Monthly
Bath Features: Garden Bath Total Baths: 3.00 Bedroom Features: Split Bedrooms
Common/Club Ament: Club Facilities, Playground, Tennis Court(s) Exterior Wall: Stucco Elementary: Mill Creek
Energy Features: Heat Pump-Air, Zoned System
Additional Features: LENDER APPROVED AT THIS PRICE!!! SELLER DOES NOT PAY FOR SURVEY, NO REPAIRS TO BE MADE BY SELLER. QUICK CLOSE AVAIALABLE Over 2600 square feet 5 bedrooms and 3 bath, Formal Dining/Living Combo, Large Family room with hard wood floors.!!! Property is priced for quick SALE!!! pre-approval must accompany offer + Receipt of Binder! Property is priced for quick SALE!!! Contact us about this Pre-Foreclosure at 904-716-3387
IF YOU WOULD LIKE TO RECEIVE NEXT WEEKS DEAL OF THE WEEK CLICK HERE
SHORT-SALE-JACKSONVILLE.COM
and click on contact us or buy short sales and REO properties.
Saturday, September 6, 2008
Friday, September 5, 2008
Government may soon have to bail out Fannie and Freddie
Looks like it's getting closer, why always on a Friday? "Throwing out the trash"
Click here for full article from the AP
Click here for full article from the AP
Foreclosures reach new high
Information taken from Bloomberg
Foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell.
New foreclosures increased to 1.19 percent, rising above 1 percent for the first time in the survey's 29 years, the Mortgage Bankers Association said in a report today. The total inventory of homes in foreclosure reached 2.75 percent, almost tripling since the five-year housing boom ended in 2005. The share of loans with one or more payments overdue rose to a seasonally adjusted 6.41 percent of all mortgages, an all-time high, from 6.35 percent in the first quarter.
Tumbling home prices are making it difficult for even the most creditworthy owners with adjustable-rate mortgages to sell or get a new loan as their financing costs rise, said Jay Brinkmann, MBA's chief economist. Prime ARMs accounted for 23 percent of new foreclosures and subprime ARMs were 36 percent, he said.
``People chose the lowest payment option to get into some of the very expensive housing markets and now that prices are coming way down, they can't sell and they can't afford the higher payments,'' Brinkmann said in an interview.
The three-year-old housing slump has slowed growth of the world's largest economy, caused more than half a trillion dollars of losses at banks such as Citigroup Inc. and UBS AG, and crimped earnings for companies such as Home Depot Inc. and Lowe's Cos. that rely on home purchases to fuel demand.
Economic Growth
The drop in home sales and values, along with tighter credit conditions and higher energy costs, probably will ``weigh on economic growth over the next few quarters,'' Federal Reserve policy makers said Aug. 5 when they decided to hold their benchmark rate at 2 percent. The central bankers cut the rate seven times in the last year in an attempt to avert a U.S. recession.
The Fed probably will keep the rate level for the next few months, according to the price of Fed funds futures. There's an 81 percent chance of no change at the Sept. 16 meeting and a 75 percent chance of no action at the Oct. 29 meeting, they indicate.
Foreclosures started on prime mortgages rose to 0.67 percent from 0.54 percent and the foreclosure inventory increased to 1.42 percent from 1.22 percent, the report said. The share of seriously delinquent prime mortgages was 2.35 percent, up from 1.99 percent.
Prime Mortgages
The share of new foreclosures on prime ARMs was 1.82 percent, triple the 0.58 percent in the year-earlier quarter, and the total foreclosure inventory was 4.33 percent, up from 1.29 percent, the report said. The share of seriously delinquent prime ARMs was 6.78 percent, rising from 2.02 percent a year ago.
New foreclosures on subprime loans rose to 4.7 percent from 4.06 percent in the first quarter, according to the report. The total foreclosure inventory increased to 11.81 percent from 10.74 percent and the so-called seriously delinquent share of loans that are 90 days or more overdue rose to 17.85 from 16.42 percent.
Existing home sales fell to a 10-year low in the second quarter and the median price for a single-family house dropped 7.6 percent, according to the National Association of Realtors in Chicago.
About 75 percent of U.S. banks surveyed indicated they tightened standards on prime mortgages, up from 60 percent in the previous survey, the Federal Reserve said on Aug. 11.
The Mortgage Bankers report is based on a survey of 45.4 million loans by mortgage companies, commercial banks, thrifts, credit unions and other financial institutions.
To contact the reporter on this story: Kathleen M. Howley in Boston at kmhowley@bloomberg.net.
Foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell.
New foreclosures increased to 1.19 percent, rising above 1 percent for the first time in the survey's 29 years, the Mortgage Bankers Association said in a report today. The total inventory of homes in foreclosure reached 2.75 percent, almost tripling since the five-year housing boom ended in 2005. The share of loans with one or more payments overdue rose to a seasonally adjusted 6.41 percent of all mortgages, an all-time high, from 6.35 percent in the first quarter.
Tumbling home prices are making it difficult for even the most creditworthy owners with adjustable-rate mortgages to sell or get a new loan as their financing costs rise, said Jay Brinkmann, MBA's chief economist. Prime ARMs accounted for 23 percent of new foreclosures and subprime ARMs were 36 percent, he said.
``People chose the lowest payment option to get into some of the very expensive housing markets and now that prices are coming way down, they can't sell and they can't afford the higher payments,'' Brinkmann said in an interview.
The three-year-old housing slump has slowed growth of the world's largest economy, caused more than half a trillion dollars of losses at banks such as Citigroup Inc. and UBS AG, and crimped earnings for companies such as Home Depot Inc. and Lowe's Cos. that rely on home purchases to fuel demand.
Economic Growth
The drop in home sales and values, along with tighter credit conditions and higher energy costs, probably will ``weigh on economic growth over the next few quarters,'' Federal Reserve policy makers said Aug. 5 when they decided to hold their benchmark rate at 2 percent. The central bankers cut the rate seven times in the last year in an attempt to avert a U.S. recession.
The Fed probably will keep the rate level for the next few months, according to the price of Fed funds futures. There's an 81 percent chance of no change at the Sept. 16 meeting and a 75 percent chance of no action at the Oct. 29 meeting, they indicate.
Foreclosures started on prime mortgages rose to 0.67 percent from 0.54 percent and the foreclosure inventory increased to 1.42 percent from 1.22 percent, the report said. The share of seriously delinquent prime mortgages was 2.35 percent, up from 1.99 percent.
Prime Mortgages
The share of new foreclosures on prime ARMs was 1.82 percent, triple the 0.58 percent in the year-earlier quarter, and the total foreclosure inventory was 4.33 percent, up from 1.29 percent, the report said. The share of seriously delinquent prime ARMs was 6.78 percent, rising from 2.02 percent a year ago.
New foreclosures on subprime loans rose to 4.7 percent from 4.06 percent in the first quarter, according to the report. The total foreclosure inventory increased to 11.81 percent from 10.74 percent and the so-called seriously delinquent share of loans that are 90 days or more overdue rose to 17.85 from 16.42 percent.
Existing home sales fell to a 10-year low in the second quarter and the median price for a single-family house dropped 7.6 percent, according to the National Association of Realtors in Chicago.
About 75 percent of U.S. banks surveyed indicated they tightened standards on prime mortgages, up from 60 percent in the previous survey, the Federal Reserve said on Aug. 11.
The Mortgage Bankers report is based on a survey of 45.4 million loans by mortgage companies, commercial banks, thrifts, credit unions and other financial institutions.
To contact the reporter on this story: Kathleen M. Howley in Boston at kmhowley@bloomberg.net.
Thursday, September 4, 2008
New REO with potential
$146,900
4 Bedrooms
3 Baths
Sq Ft: 2,028 Sq. Ft
Foreclosure REO
2 acre home owned by the bank in MIddleburg
Features
Lot Size: 210X400 Year Built: 1986 Interior Features: Garden Bath, Electric Water Heater
Exterior Features: Drinking Water from Well, Septic System, Parcel Size is 1 to 2 1/2 Acres Heating Features: Central Area: 141-MIDDLEBURG
Subdivision: VERIFYING SUBDIVISION County: Clay Central AC: Yes
Roofing: Metal Exterior Constructio: Wood Frame
Additional Features: Country living at its best on almost 2 acres. Wood floors, 2 fireplaces. Needs just a little TLC. Selling in its 'as-is' condition
Call US Today
Short Sale REO Foreclosure and Bank Owned Specialty Division
The Broxson Home Selling Team RE/MAX Specialists
12646 San Jose Bl.
Jacksonville, FL 32223
(904) 716-3387 Office
Email: info@short-sale-jacksonville.com
www.short-sale-jacksonville.com
Short Sale REO Foreclosure Division Of The Broxson Team at Re/max Specialists
THE PROPERTY LAST SOLD IN 2001 FOR 150K
PROBABLY IS GOING TO NEED LOTS OF WORK, CALL US IF YOU WOULD LIKE TO TAKE A LOOK.
GREAT PRICE PER SQFT FOR BEING ON 2 ACRES
Wednesday, September 3, 2008
Revised Deal of the week
DUE TO THE SHORT WEEK, WE DIDN'T HAVE THE TIME TO SIFT THROUGH ALL OF THE LISTINGS TO FIND THE BEST HOME DEAL IN JACKSONVILLE, HOWEVER LAST WEEK'S DEAL, JUST DROPPED THEIR PRICE 15K!
BANK IS MOTIVATED!
PROPERTY IS APPROVED FOR EXPRESS FINANCING WITH THE POSSIBILITY OF 100% FINANCING AND NOT PAYING MIP.
CONTACT US AT 904-716-3387 TO SCHEDULE AN APPT.
$144,900
3 Bedrooms
2 Baths
Sq Ft: 1972
Foreclosure REO
Victoria Point Foreclosure Bank Owned Property REO Jacksonville
Features
List Date: 08/18/08 Garage: Attached Garage Subdivision: Victoria Pointe
Approx Parcel Size: Less than 1/4 Acre Assoc. Fee: $170.50, Quarterly Total Baths: 2.00
Lot Description: Regular Lot Cooling: Other Cooling Property Description: Sngl. Fam.-Detached
Heating: Other Heating
Additional Features: Must be shown with a licensed agent, no unescorted buyers please. Proof of funds or pre-qual letter must be presented with all offers.Must close with sellers closing agent.Seller does not pay for a survey .Min $1000 binder deposit. Buyer must pay deed stamps .
Call US Today
Short Sale REO Foreclosure and Bank Owned Specialty Division
The Broxson Home Selling Team RE/MAX Specialists
12646 San Jose Bl.
Jacksonville, FL 32223
(904) 716-3387 Office
Email: info@short-sale-jacksonville.com
www.short-sale-jacksonville.com/mls429453
Short Sale REO Foreclosure Division Of The Broxson Team at Re/max Specialists
BANK IS MOTIVATED!
PROPERTY IS APPROVED FOR EXPRESS FINANCING WITH THE POSSIBILITY OF 100% FINANCING AND NOT PAYING MIP.
CONTACT US AT 904-716-3387 TO SCHEDULE AN APPT.
$144,900
3 Bedrooms
2 Baths
Sq Ft: 1972
Foreclosure REO
Victoria Point Foreclosure Bank Owned Property REO Jacksonville
Features
List Date: 08/18/08 Garage: Attached Garage Subdivision: Victoria Pointe
Approx Parcel Size: Less than 1/4 Acre Assoc. Fee: $170.50, Quarterly Total Baths: 2.00
Lot Description: Regular Lot Cooling: Other Cooling Property Description: Sngl. Fam.-Detached
Heating: Other Heating
Additional Features: Must be shown with a licensed agent, no unescorted buyers please. Proof of funds or pre-qual letter must be presented with all offers.Must close with sellers closing agent.Seller does not pay for a survey .Min $1000 binder deposit. Buyer must pay deed stamps .
Call US Today
Short Sale REO Foreclosure and Bank Owned Specialty Division
The Broxson Home Selling Team RE/MAX Specialists
12646 San Jose Bl.
Jacksonville, FL 32223
(904) 716-3387 Office
Email: info@short-sale-jacksonville.com
www.short-sale-jacksonville.com/mls429453
Short Sale REO Foreclosure Division Of The Broxson Team at Re/max Specialists
Friday, August 29, 2008
Foreclosure in Victoria Lakes sold last week by our team
At one point this property was for sale at 385K in Victoria Lakes, we were able to get the buyer in this property right at $185,000 on a VA loan, with the bank paying some closing costs.
If you are a buyer looking for a GREAT DEAL, contact our Foreclosure, Short Sale Specialty Division at 904-716-3387 for more information.
IF YOU WOULD LIKE TO RECEIVE INFORMATION ON OUR HOME DEAL OF THE WEEK, IT WILL BE POSTED FIRST THING MONDAY MORNINGS ON THIS BLOG, AND E-MAILED TO REGISTERED CLIENTS OF OUR SHORT SALE REO SITE CLICK HERE
TO REGISTER CLICK ON THE BUY A SHORT SALE REO, OR CLICK CONTACT US AND WE WILL SAVE YOUR INFO.
Tuesday, August 26, 2008
How to plan for closing when buying a bank owned property
While all closings are different and almost all will have their hiccups.
More problems seem to come up with buyers when purchasing a Foreclosed property than with any other type of residential real estate.
Tip 1#
Don't get in a hurry...
The banks want to get rid of the property, this is true however, the attorney's office generally handling the transaction for the bank, is not in a huge hurry.
Read the contract you signed, what does the contract say?
If it says November 1st. then the closing should take place then, more problems occur when the buyer tries to move the closing date up.
If you want an earlier closing date, make sure you put it in the contract (if you can)
Most title companies will require at least 10-15 days to get title work together (yes, even if you are paying cash!)
NEVER EVER EVER...
Plan on moving in the day of closing. NEVER!
Generally the seller (bank or bank rep.) won't sign the HUD1 and other docs until the day after closing.
let me explain, most title companies that are handling your closing are not located in the city you are purchasing the home.
Once you sign the original docs at "closing" they get overnighted to the title-attny's office, then the rep. reviews and signs the docs.
Only then, are you closed and the home is yours.
While many Realtors will tell you at the closing table "Yea, you are fine, here's the key from the lock box, and have a great time moving" They are making a huge mistake.
DON'T TRY TO FIX STUFF...
Yes, most bank owned properties need new carpet, paint, landscaping etc.
But wait until after your closing and you are the new owner to do any updating or to order estimates.
The bottom line of this entry is don't get in a hurry, just like anything else when you are not dealing with one "SELLER" things get messy.
Stay calm, make plans to keep temporary housing even 10-15 days after the "closing is set to take place, that way if you do get the hiccups, they will be much easier to handle.
More problems seem to come up with buyers when purchasing a Foreclosed property than with any other type of residential real estate.
Tip 1#
Don't get in a hurry...
The banks want to get rid of the property, this is true however, the attorney's office generally handling the transaction for the bank, is not in a huge hurry.
Read the contract you signed, what does the contract say?
If it says November 1st. then the closing should take place then, more problems occur when the buyer tries to move the closing date up.
If you want an earlier closing date, make sure you put it in the contract (if you can)
Most title companies will require at least 10-15 days to get title work together (yes, even if you are paying cash!)
NEVER EVER EVER...
Plan on moving in the day of closing. NEVER!
Generally the seller (bank or bank rep.) won't sign the HUD1 and other docs until the day after closing.
let me explain, most title companies that are handling your closing are not located in the city you are purchasing the home.
Once you sign the original docs at "closing" they get overnighted to the title-attny's office, then the rep. reviews and signs the docs.
Only then, are you closed and the home is yours.
While many Realtors will tell you at the closing table "Yea, you are fine, here's the key from the lock box, and have a great time moving" They are making a huge mistake.
DON'T TRY TO FIX STUFF...
Yes, most bank owned properties need new carpet, paint, landscaping etc.
But wait until after your closing and you are the new owner to do any updating or to order estimates.
The bottom line of this entry is don't get in a hurry, just like anything else when you are not dealing with one "SELLER" things get messy.
Stay calm, make plans to keep temporary housing even 10-15 days after the "closing is set to take place, that way if you do get the hiccups, they will be much easier to handle.
Monday, August 18, 2008
Deal of the week
$159,900
3 Bedrooms
2 Baths
Sq Ft: 1972
Foreclosure REO
Victoria Point Foreclosure Bank Owned Property REO Jacksonville
Features
List Date: 08/18/08 Garage: Attached Garage Subdivision: Victoria Pointe
Approx Parcel Size: Less than 1/4 Acre Assoc. Fee: $170.50, Quarterly Total Baths: 2.00
Lot Description: Regular Lot Cooling: Other Cooling Property Description: Sngl. Fam.-Detached
Heating: Other Heating
Additional Features: Must be shown with a licensed agent, no unescorted buyers please. Proof of funds or pre-qual letter must be presented with all offers.Must close with sellers closing agent.Seller does not pay for a survey .Min $1000 binder deposit. Buyer must pay deed stamps .
Call US Today
Short Sale REO Foreclosure and Bank Owned Specialty Division
The Broxson Home Selling Team RE/MAX Specialists
12646 San Jose Bl.
Jacksonville, FL 32223
(904) 716-3387 Office
Email: info@short-sale-jacksonville.com
www.short-sale-jacksonville.com/mls429453
Short Sale REO Foreclosure Division Of The Broxson Team at Re/max Specialists
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