by Leila Mortaz | May 10, 2013 | Los Gatos Short Sale, Real Estate (Residential), Residential Mortgage, Short Sale Expert Advice, Short Sales
Deficiency Judgment is created when banks agree to a Short Sale of a property where they will net less money than it’s owed on the property. For example, when a $500,000 home is sold for $100,000 as part of a Short Sale, then the lender can issue a deficiency...
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...
by Leila Mortaz | Oct 5, 2009 | Real Estate (Residential), REOs, Residential Mortgage, Short Sale Expert Advice
Is Recession really over?Just in case you were wondering how hot the real estate market is in San Jose, we just received a Cash offer for $320,000 on one of our Bank-Owned (REO) properties that we just listed 3 hours ago for $275,500. I know Goldman Sachs and other...
