by Leila Mortaz | Jul 24, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
1) Value: This is the primary reason why the banks decline your San Jose Short Sale request since the value on the offer submitted does not come close to the value they obtain by their own Broker Price Opinion (BPO). Given the fact that the markets are appreciating...
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 23, 2013 | Home Seller Tips, Short Sales
Do you have a Bank of American loan on your home? Is the loan in the 1st lien position? One of the requirements for a Bank of America Short Sale is a HAFA Affidavit which is signed by both buyers and sellers. This HAFA Affidavit is given by the Seller(s) and...
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...
