Here I go again! I thought I had learned from the last caper with a short sale.
My client is a first time home buyer and is getting down payment assistance from a State of Florida organization.
We finally found a house that would pass FHA so we made an offer. At $96,000, our offer was 12% below the asking price and after nearly a month of haggling, the bank turned us down.
The bank is clearly losing money on our offer but it will cost them double that to foreclose.
My theory is that with the possiblity of a "bailout", the banks aren't negotiating. It seems like they're waiting to see what they can get from the government before accepting lower offers.
Anyway, we've found another house that may work. It's a short sale!
Jacksonville Rocks!
Are real estate sales picking up in Jacksonville, Florida? It does seem
so. Anyone have an opinion?
I can't find the references but I have read a couple of comments by realtors
that have said
they thought sales were picking up.
Jacksonville has a lot going for it so it ought to be seeing an uptick.
It is the largest city in the U.S.
by area and only has 865,000 residents. Some of the Fortune 500 companies
are located here. JaxPort
is booming, our highways are being expanded and we have six airports!

Jacksonville Beach sales seem to be improving. We have some of the best
oceanfront deals in the country!
We have great Intracoastal deals. We have great river property
deals.
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