Original Purchase of Ponte Vedra Beach Condo in 2006 - $185,000
Seller's Loan Amount (2006 original amount) - $172,000
Sales Price - $100,000 (First offer received $90,000, but we got the purchase price up $10,000 more) PLUS Buyer paid delinquent condo dues!
Seller Concessions - $0
Seller Cash Contribution - $2,500
Short Sale Approved by Wells Fargo in only 48 Days!!! Sellers had only missed one payment!
Wells Fargo waived the right to pursue a deficiency in writing.
If you are a Jacksonville home owner who owes more than your Jacksonville home is worth, you are not alone. Most Jacksonville FL real estate sellers we talk to these days are in the same situation. This particular Jacksonville home owner had a growing family who had outgrown their living space. We helped them find a new home in St. Johns County, in a new home community, that we helped them purchase from a builder. They planned on leasing out the condo after they moved into their new home. After the closing of their new home, they were denied the right to lease their condo by the association. They had no choice but to try to sell their Ponte Vedra Beach condo.
We were able to help them sell their Ponte Vedra Beach condo for more than fair market value (highest comp in community in the past 6 months). We were able to help the sellers get out from under the burden of two home payments and move on with their life.
Who you choose to work your Jacksonville short sale can make a huge difference. Select someone with experience who knows how to get the job done. Just because someone took a class in short sales, or calls themselves a short sale expert, does not mean that they are. You can only learn to successfully work short sales with experience. Jacksonville short sales are very challenging real estate transactions. They are never easy, and the bad ones are nightmares with seemingly endless obstacles that must be pushed through and problems to be solved. If you choose the wrong agent to help you through the Jacksonville short sale process, you may end up far worse than you started.
