Jacksonville Beaches Real Estate

Hurry! If you've been watching the market, waiting for just the right time to jump in--- now is the time!! Short sales are the name of the game. There are a bazillion of them on the market right now and lenders seem to be getting their act together. I have partnered with one of Jacksonville's finest real estate attorneys, David Heekin, to ensure that my buyers AND my sellers are protected and under the watchful eye of an attorney. There are so many legal ramifications of a short sale that I just felt like it would be a good investment for my clients to have peace of mind throughout the entire process. David is involved from day one. Put us to work for you today before all of the bargains are snatched up.

The Senate passed the new housing rescue bill today and President Bush is expected to sign it in just hours. The bill goes into effect October 1st. Who's eligible to participate? Qualified borrowers must live in their homes and have loans that were issued between January 2005 and June 2007. Additionally, they must be spending at least 31% of their gross monthly income on mortgage debt to be eligible for the program. They can be up to date on their existing mortgage or in default, but either way borrowers must prove that they will not be able to keep paying their existing mortgage - and attest that they are not deliberately defaulting just to obtain lower payments. Before homeowners can get FHA-backed mortgages, they must first retire any other debt on the home, such as a home equity loan or line of credit. Borrowers are not permitted to take out another home equity loan for at least five years, unless it's to pay for necessary upkeep on the home. To get a new home equity loan,