Cape Coral Short Sale Expert

Southwest Florida real estate market information covering the cities of Cape Coral, Fort Myers, Bonita Springs and Naples written by Joe Kendall, Associate Broker with Sandals Realty.

The Short Sale market seems to be always revolving and improving with banks getting more agreeable to accepting short sales verse foreclosure. Leading the way in this direction is Jp Morgan Chase Bank as in recent actions JP Morgan Chase has decided to sweeten the short sale process. They have decided to offer $10,000 to $20,000 dollars to owners who will agree to a short sale in addition to forgiving the remaining balance of the loan.

Well you have to understand by just asking yourself this simple question? Why would a bank offer so much money on a failing home loan? Well it's pretty clear that Banks would never make any offers that they do not make a huge profit?

The Florida foreclosure process ( Florida is a Judaical State) and is notorious for taking an extended amount of time, sometimes as much a year to foreclose on a home owner. The more recent ROBO SIGNING SCANDAL has made all the banks rethink their foreclose process.

If the bank had no other choice they would foreclose on the home owner, but currently the banks thought process is clearly a short sale option is the banks first choice now.

If you are thinking about a short sale? Here is a link to my information on what really may qualify you for a short sale and how to write a short sale hardhip letter and here is a information for the required documents that will be required from you at time of submitting a sales contract for your home.

I have listed many Banks and Mortgage companies contact information below. You should call your lender and discuss your options and request a short sale package or more information from them. 

 

ABM AMRO Mortgage (800) 783-8900
American Home Mortgage  (877) 304-3100

Ameriquest Mortgage (800) 211-6926

 

Aurora Loan Services (800) 550-0508
Bank of America (800) 846-2222

 

BB&T Mortgage (800) 827-3722

 

AmTrust Bank  (888) 696-4444

Chase (800) 548-7912

Chase Home Finance  (858) 605-2181

 

Chase Manhattan Home Loans (800) 526-0072
Citi Financial  (800) 753-3673

 

Citi Mortgage (800) 283-7918

First Horizon Home Loans (800) 489-2966

First Merit Bank (888) 728-9931

 

Flagstar Bank (800) 968-7700

 

GMAC Mortgage (800) 850-4622

 

HSBC Mortgage (800) 338-6441

Indymac Bank (877) 736-5556
Key Bank (800) 422-2442

LaSalle Bank (800) 783-8900

 

Litton Loan Servicing (800) 999-8501

 

Nationwide Advantage Mortgage Company (800) 356-3442

 

NationStar Mortgage (888) 850-9398

 

 

Ocwen Bank (800) 746-2936 or try (877) 596-8560

Saxon (800) 665-7367

Sun Trust Mortgage (800) 634-7928
Third Federal Savings (888) 844-7333

 

US Bank (800) 365-7900

Wells Fargo (866) 261-5642 or try (800) 678-7986

I have successfully closed several short sales and I look forward to discussing any questions about the process with you.