http://www.TheRealestateStation.com Short sales in Jacksonville, Orange Park and Jacksonville Beaches are becoming more and more common. Many homeowners are facing foreclosure and don’t know their options. There is help available. Is a short sale your best option? If it is your only option to avoid foreclosure it’s important that you select an agent who has a plan for marketing and pricing. In order to be successful as a short sale, you must obtain an offer from a qualified buyer, submit it to the lien holder or lender and get it accepted and closed before the foreclosure is completed.

Having your house or home for sale as a short sale does not stop, postpone or delay the foreclosure process. This is why timing is very important. if you think you qualify for a short sale and want to avoid a foreclosure in Jacksonville, St Augustine, orange Park, Jacksonville beach, atlantic Beach, Neptune Beach, Ponte vedra Beach, Middleburg, Mandarin or anywhere else in North East Florida, talk to an expert.

Mike & Cindy Jones 904 874-0422
Keller Williams Realty

Keller Williams Realty and Mike & Cindy Jones is/are 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.
General Commercial Communication: means any written or oral statement, illustration, or depiction, whether in English or any other language, that is designed to effect a sale or create interest in purchasing any service, plan, or program, whether it appears on or in a label, package, package insert, radio, television, cable television, brochure, newspaper, magazine, pamphlet, leaflet, circular, mailer, book insert, free standing insert, letter, catalogue, poster, chart, billboard, public transit card, point of purchase display, film, slide, audio program transmitted over a telephone system, telemarketing script, onhold script, upsell script, training materials provided to telemarketing firms, program-length commercial (“infomercial”), the Internet, cellular network, or any other medium. Promotional materials and items and Web pages are included in the term “commercial communication.”

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Technorati Tags: avoid, buyer, distressed, florida, foreclosure, homebuyer, Houses, how-to, Jacksonville, jacksonville beachHomes, options, orange park, Properties, real estate, residential, seller, short sale, short sale help, short sale my house, Short sale success, stop

http://A-ZSHORTSALES.COM Here in Kissimmee & Orlando, FL short sales are very common in our market place. I will review with you 5 basic questions that are commonly asked.

1. What is a short sale?
A short sale is when a sellers home is being sold for less then what the current mortgage balance is owed. In order for a short sale to be possible it will be subject to third party approval which is the sellers lender. The sellers lender ultimately will have to agree to allow the home to be sold for less than the mortgage balance owed.
2. Will the seller’s credit rating be affected by a short sale?
While the short answer to this questions is yes, it will be. However there are other so called foreclosure alternatives that may have a greater impact on your credit for example bankruptcy or just letting the home go to foreclosure.

3. If a seller is in bankruptcy, will that affect the short sale of the property?
Absolutely, most lender would not consider a short sale if the homeowner is in the middle of a bankruptcy proceeding. a short sale between the parties is considered a collection activity and such a negotiation is prohibited in bankruptcy. If you have claimed bankruptcy and want to short sale your home it can be done once the bankruptcy has been discharged.
4. Are there tax implications when short selling a home?
circumstances are individual to the lender. As a short sale represents a loss for the lender, they can report the amount lost a debt forgiveness to the seller. If a formal tax form 1099 is filed, the seller may be responsible for paying taxes on the amount of debt forgiveness. However every short sale is unique and each lender short sale approval should be read carefully as there have been many times where lenders have given complete debt forgiveness.
5.Why would a lender allow a short sale to occur?
Plain and simple it cost them far less money than having to file a foreclosure proceeding. Remember the banks do not want to own homes.
Visit us at www.a-zshortsales.com

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Technorati Tags: foreclosure, foreclosure options, kissimmee short sale agent, orlando short sale, real estate pro, real estate professional, short sale, short sale expert, short sale home, short sale info, short sale options, short sales

http://www.fastcash4homes.biz/foreclosure.htm Mortgage Forgiveness Debt Relief Act applies to short sales that will be closed before December 31, 2012. As per this act, after the lender approves the short sale and short sale is closed, they will issue a 1099-C form to homeowners for the forgiven amount and, in most cases, homeowners will not have to pay federal income taxes on the forgiven amount. However, the loan must be the original mortgage loan taken out to buy the house i.e. the subject property and, it must not be refinanced or modified loan. Homeowners must check with their tax experts for their particular situation and to find out whether or not this act would apply to them. Call Colleen for a 100% free consultation regarding your particular situation. 909-972-0041

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Technorati Tags: 1099-c, Debt, financial, foreclosure, foreclosures, hard to pay, hardship, hardships, homeowner, mortgage debt, mortgage payments, negotiation, payoff, sales, SB-401, sell your house, Senate Bill 401, short sale, under water, underwater, upside down

Corner Triplex with 3704-06 W 36th St. Each unit is 1 bd, 1 ba with dedicated 3-car garage parking. Steps from Crenshaw, the proposed Expo Metro Line and the West Angeles Cathedral. Perfect no-hassle income property available for a bank-approved short sale price of $346,000! 1 unit vacant, 2 renter-occupied. Call Natalie Neith of the Catbagan-Neith Team for more information, 323.317.9696!

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e/bank-approved-short-sale-3601-victoria-los-angeles-ca-90016#more-591″ class=”more-link”>(more…)

Technorati Tags: foreclosure, income property, john aaroe group, los angeles, multi-unit, natalie neith, real estate, short sale, triplex

Home loan professional Rob Spinosa of http://www.themortgagedictionary.com explains how to buy a foreclosure or short sale property. Foreclosures and short sales are both considered distressed properties, but purchasing and financing either of them is not entirely understood by most. This video contains the definition of “What is a short sale?” and “What is a foreclosure?” but we also cover the terms “underwater” and “REO” or “real estate owned.” If you are wondering how to buy and take a mortgage on a foreclosed home or short sale home, the fundamentals and tips are provided here. With any home loan application, there is also a pre-approval process and Rob explains the income, asset, credit and appraisal requirements you can expect.

For more information or to begin the pre-approval process, contact Rob Spinosa at rspinosa@rpm-mtg.com or by phone at 877-270-5959. Rob is a mortgage banker at RPM Mortgage in Mill Valley, California, just north of San Francisco. He is able to assist anyone in the state of CA, and can be found on social media platforms as below:

http://www.facebook.com/homefinancefundamentals

http://www.youtube.com/HomeFinanceFund

http://www.linkedin.com/in/robspinosa

http://www.twitter.com/robspinosa

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Technorati Tags: appraisal, foreclosure, home for sale, home loan, how to buy, lender, mortgage, pre-approval, real estate owned, reo, seller, short sale, underwater