by Leila Mortaz | Jul 25, 2013 | For Sale By Owner, Home Buyer Tips, Home Seller Tips, Real Estate (Residential)
Several years ago when were selling our San Jose house located in Willow Glen, our broker advised us to not to list the property in our own name despite being licensed Realtors. Intrigued I wanted to know why he was offering to act as our listing agent without...
by Leila Mortaz | Jul 24, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
How can you find out if your home loan is no loner underwater!!? How can you find out when you do not need to Short Sale your home and a regular sale will do?! Well, the answer boils down to the Fair Market Value of your house which we routinely provide to our...
by Leila Mortaz | Jul 23, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sales
When you list your Los Gatos house for sale, it’s a wise notion to clearly add the line: “Not a Short Sale or REO” to the Public and Private section of our MLS Listings. The reason for noting the Sale Type is that properties listed as ”not...
by Leila Mortaz | Jul 23, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Today, I got a call from one of the agents at the office who was foaming at the mouth that her San Jose Short Sale was denied by a lender who shall remain nameless here! I started asking the following questions:1) Does this lender use Equator for processing her San...
by Leila Mortaz | Jul 22, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Since Short Sales are transactions require lender approval, they want to make certain that there is no family or business association with between the existing home owners and buyer! In fact, if such a relationship is not disclosed to the bank, it’s considered...
by Leila Mortaz | Jul 22, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
The main distinction between a regular sale and a Short Sale is that home owners will be able to pay off all the loans and commission with the proceeds of the home sale. However, in a Short Sale, the lenders involved would have to approved the sale since they are...
