Short Sales-The Real Story

Part 3 of 3

In our ever changing market here in Jacksonville NC, I have seen many changes.  When the Mortgage Companies loosened their requirements for qualifying for a mortgage, I knew it was not going to end well, but I had no idea just how bad it would be.  When you make the decision that you want to purchase a home, it’s a really BIG decision.  Probably one of the biggest you will ever make.  Because it comes with a 30 year mortgage!  Now usually here in Jacksonville it’s not your forever home, not even your last home to purchase, usually.  With our on the move military it’s usually just a stop on their career path for a few years.  So the majority of our home buyers will not have the mortgage on this home for the full 30 year term, they will sell it in a few years.  That is our normal market.

I hate to say that some of our buyers during the home buying boom here probably would not have qualified for a mortgage under the old standards.  But, they did and now they are under water with their home and mortgage payments.  There are usually some solutions to help you get yourself back on top of things, but it will require diligent work on your part, along with a lot of determination and persistence.  No one is going to help you if you don’t try to help yourself.  Once you decide to really find a way out there is help out there, you have to do your homework though.  Find people that have the training you need to point you in the right direction and once you do that they will be able to help guide you through the process.  As a CSSS (Certified Short Sale Seller), I have the tools to help get you pointed in the right direction.  Please give me a call, I will be glad to help.

When searching for homes in the Camp Lejeune, New River Air Station, Jacksonville, Onslow County area please click here to search all active listings. 

Ellen Hough, Jacksonville NC Real Estate , specializing in guiding home buyers and sellers through the home buying and selling process.   Working with EXIT Independence Realty, 910-330-6103 (Cell)