by Leila Mortaz | Apr 28, 2013 | Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
Despite the recovery news on the housing, 1 out of 4 homes are still under water which means the home owners owe MORE money than their house is worth in today’s market. So, if you have concluded that Short Sale is a better alternative to Foreclosure...
by Leila Mortaz | Apr 27, 2013 | REOs
This is Part 2 of the Blog on buying Bank Owned (REO) properties. Despite perception created by some agents US banks are NOT desperate to get ride of their assets and they have well developed processes to NET the highest possible price for their REOs. Before an REO...
by Leila Mortaz | Apr 27, 2013 | Home Buyer Tips, Los Gatos Fixer Upper, REOs
This is Part 1 of the Blog on buying Bank Owned (REO) properties. Despite perception created by some agents US banks are NOT desperate to get ride of their assets and they have well developed processes to NET the highest possible price for their REOs. Before an...
by Leila Mortaz | Apr 27, 2013 | Home Buyer Tips, Los Gatos Fixer Upper, REOs
Yes, folks this is not another one of those fancy 100% financing programs that caused the massive financial collapse! This is the FHA 203K program which most major US Banks including Wells Fargo, Bank of America now offer where the post purchase repair costs are...
by Leila Mortaz | Apr 25, 2013 | Real Estate (Residential), REOs, Short Sales
Broker Price Opinion or BPO as it’s known in the industry is a condensed version of a Real Estate Appraisal that banks order from a local Realtor to determine that value of your home. However, since there are no standardized information on each BPO and every...
by Leila Mortaz | May 3, 2012 | Real Estate (Residential), REOs, Residential Mortgage
Today was the 3rd time that a leading Asset Management company sent us to our REO listing to confirm that Trash Service! And like the previous 2 times, there is NO trace of any work being done! And since there is no one accountable in the food chain, these delays and...
