by Leila Mortaz | Sep 8, 2014 | Los Gatos Short Sale, Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
Are you frustrated with your Short Sale negotiations? Are you surprised at the value assigned by the bank to your home? Well, you are not alone since banks use a cheap appraisal called Broker Price Opinion (BPO). A BPO is NOT a typical appraisal since it is...
by Leila Mortaz | Aug 29, 2014 | Home Seller Tips, Los Gatos Short Sale, Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
When you are working on a Short Sales with your bank, they will order a form of appraisal called Broker Price Opinion (BPO). A BPO is NOT a typical appraisal since it is used to decide As-Is Sale, Repaired-Value and a Quick-Sale-Value. Quick Sale Value of the Home...
by Leila Mortaz | Jul 5, 2014 | Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
Short Sales requires proof of Financial Hardship. This means home owners have to prove they are unable to earn enough money to make the required payment for the mortgage. And in most cases the home values have declined so much that these owners are unable to sell...
by Leila Mortaz | Jun 22, 2014 | Home Seller Tips, Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
If you still have an under water mortgage on your San Jose home despite the historic rise of home prices in 2013-2014; then it’s time to get rid of that bad debt with a Short Sale. In contrast to a foreclosure which damages your credit for years, Short Sale...
by Leila Mortaz | Jun 19, 2014 | Home Buyer Tips, Los Gatos Short Sale, Real Estate (Residential), San Jose Short Sales, Short Sales, Silicon Valley life style
I never forget one our Short Sale transactions where the bank didn’t like the way the buyer’s name was listed on the purchase contract and suspected fraud. But the kicker was that they were not telling us or the negotiator about the problem, so the...
by Leila Mortaz | Jun 2, 2014 | Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
Are you considering a home sale? Are you considering a short sale? Are you wondering if you could owe taxes on your Short Sale? We always advise our clients to discuss the tax implication of your Short Sale with your CPA or Tax Planner. But suffice it to say that...
