We successfully negotiated and closed 2 short sales with Bank Of America. Our Seller was so excited to finish this right before the holidays and New Year. Also, the funny thing is that after closing. Our buyer admitted that he did not believe the short sale would get approved for him to purchase. He had [...]
New California Law for 2011: No Short Sale Deficiencies: Starting January 1, 2011, a seller’s first trust deed lender cannot obtain a deficiency judgment against the seller after a short sale. Providing written consent to a short sale shall obligate the first trust deed lender to accept the sales proceeds as full payment and discharge [...]
There are quite a few homeowners that are unfortunately mis-informed about deed-in-lieu of foreclosure. The deed-in-lieu of foreclosure means exactly how it sounds. The homeowner gives the deed to the bank just in time to save the crushing blow of a foreclosure. Right?, Wrong…and let me tell you why. We are working with a very [...]
There are more and more homeowners of ALL income levels struggling to make their payments. They are not able to sell their home without a significant loss. For some people $10,000 is a lot of money to shell out to sell their home. Others it’s $100,000. Quite a few homeowners would need somewhere betweeen $200,000-$500,000. [...]
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