by Leila Mortaz | Jul 6, 2013 | Home Seller Tips, Los Gatos Fixer Upper, Short Sale Expert Advice, Short Sales
We recently sold a Short Sale where the home owners kept asking “what happens to my credit if I do a Short Sale”!? The short answer (no pun intended) depends on how your lender reports the Loan Settlement to the credit agencies. And some lenders have...
by Leila Mortaz | Jul 6, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Despite the recent recovery in Housing prices, one of out of every 4 home is still under water. And Short Sales remains a viable option for San Jose Home Owners to Avoid Foreclosure. Factors to consider about the qualification of San Jose Short Sale Agent or San...
by Leila Mortaz | Jul 5, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
With one out of 4 home owners still underwater with their mortgage, Short Sales are one option to avoid foreclosure. However, the banks are weary about Arms length transaction where the buyers have a relationship with the seller and are in position to take advantage...
by Leila Mortaz | Jul 1, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Short Sale is a Real Estate transaction where the home owner sells their home for less money than they owe on the property. For instance, if you have a $1m loan on your property but the value of your home has declined to $800,000; then you sale will results in $200k...
by Leila Mortaz | Jul 1, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sales
With the hot Real Estate market in Los Gatos; some home owners are getting motivated to sell their house if the price was right!! So the math might include the calculations on how much you will need to net to avoid Short Sale!? Another indication might be how much...
by Leila Mortaz | Jun 29, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Banks use a Broker Price Opinion or BPO for short to calculate your home’s value in a Short Sale . A BPO is a condensed (yes, cheaper) version of a Real Estate Appraisal that banks order from a local Realtor to determine that value of your home. However,...
