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Foreclosure in Jacksonville Beach : Real Estate Advice

  • All102
  • Local Info11
  • Home Buying30
  • Home Selling2
  • Market Conditions2

Activity 10
Davisdee1, Home Buyer in Jacksonville Beach, FL
Wed Mar 2, 2016
Davisdee1 asked:
Phylthis12, Home Buyer in Philadelphia, PA
Sun Dec 21, 2014
Phylthis12 asked:
My home is foreclosure sale on 1/6/2015. I have tenants with leases living in the home with me. Has the protection act been or is it going to be extended and how will all of this effect…
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Angelique Ivo, Home Buyer in North Beach, Jackson...
Thu Aug 15, 2013
Angelique Ivo answered:
usually not long, ours went on auction april 2nd and we were out a few days before, only to find out a realtor bought it for $68300, and wells fargo couldnt help us. hope this helped..
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Todd S. Rege…,  in Jacksonville, FL
Fri Jan 20, 2012
Todd S. Regelski answered:
Dear Lisa:

Yes, I know the bank owned beachfront property that you are looking at in Jacksonville Beach on 1st Street South #A. I suspect you have a foreclosure list that you have obtained and are referencing and/or have access to a foreclosure website, i.e. realty-trac.

If you're a first-time homebuyer and you've never purchased a home, let alone a foreclosure property, it is beneficial to contact a local real estate agent who can guide you through the process of buying a foreclosure. If you are currently working with an agent, make sure they know your priorities. Ask any potential agents if they have experience with foreclosures. Especially for first-time buyers, a good agent can be a comforting and helpful resource. If you need a REO specialist, I’m here for you awaiting your call.


Todd S. Regelski
Advanta Realty, Inc.
Cell: 904-304-1000
Fax: 800-243-9257
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Holly Hayes, Real Estate Pro in Ponte Vedra Beach, FL
Tue Nov 22, 2011
Holly Hayes answered:
I have seen several situations, including HOAs, where a junior lienholder foreclosed on a property in Jacksonville. It seems they go to a lot of expense and trouble, but it most likely improves their position with respect to getting some payoff.

Holly Hayes
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Holly Hayes, Real Estate Pro in Ponte Vedra Beach, FL
Fri Jun 25, 2010
Holly Hayes answered:

Mr. Rabe has the numbers about right on the teardown...I would err on the high side for a 3000sf home. As for rebuilding, of course, that all depends on the finishes you choose, etc...but I think you coud probably even get closer to $100 a foot in todays market. I happen to have a listing in Jax Beach that is not oceanfront but IS on the east side of 1st Street. The seller is also a builder with fantastic plans for a 2500 sf Key West style home with a widow's walk and huge views of the ocean from 3 sides. My seller says "make an offer"!!! Please let me know if you are interested in discussing further, I would love to be of assistance!
Holly Hayes
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Kmbrennan, Other/Just Looking in Florida
Wed Apr 28, 2010
Kmbrennan answered:
There are two instuments signed at closing. The mortgage and the promissary note. The mortgage just indicates there is a lein on the property - nothing more. The promissary note is the promose to pay the bank. If the bank is not allowing to access any information about the loan, most likley you are not on the note and not obligated to pay or liable in foreclosure.
That is a BIG if though. I suggest calling a real estate attorney and getting a detailed and accurate assesment from a professional. The piece of mind alone will be worth the cost
Richard Morehead at the beaches is really good.

Thanks - Keven
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Kmbrennan, Other/Just Looking in Florida
Wed Apr 28, 2010
Kmbrennan answered:
Did you apply for the mortgage or were just married at the time and required to be at closing to sign the mortgage and deed?
If you did not give a lender your SSN and sign the loan applications you are not responsible for the repayment of the loan.
That said - it may be worth the few dollars to speak to a real estate attorney. Richard Morehead is highly recomended in the beaches area. Glenn Taylor in OP is also very good.
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Holly Hayes, Real Estate Pro in Ponte Vedra Beach, FL
Fri Apr 16, 2010
Holly Hayes answered:
Ga Girl..
Try 904-642-6672 or 904-620-0489
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David Anders…, Real Estate Pro in Ponte Vedra Beach, FL
Thu Mar 4, 2010
David Anderson answered:
Dear Carla,

In the state of Florida... if you are married then you are required to be on the mortgage BUT not required to be on the note. Seems like a technicality but it could be important. If you are sued by the lender based on the mortgage... then you could be liable. If you are sued based on the Note... and you had not signed the note... you probably would not be liable.

This is why it is important for you to see the original paperwork.

And I should add... at this point you should seek legal consultation and have the attorney figure out everything for you. None of us are attorneys and we can not give you legal advice.

Good luck.

David R. Anderson
Prudential Network Realty
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