by Leila Mortaz | May 14, 2013 | Home Buyer Tips, Short Sale Expert Advice, Short Sales
Buying a Short Sale home is NOT for the faint of heart cause there are too many moving parts including a lender who could be trying to foreclosure on the property and a stressed seller who might NOT be sharing all of their plans with their listing agent.So, if you...
by Leila Mortaz | May 12, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Buying a Short Sale home is NOT for the faint of heart cause there are too many moving parts including a lender who could be trying to foreclosure on the property and a stressed seller who might NOT be sharing all of their plans with their listing agent. In this...
by Leila Mortaz | May 12, 2013 | Home Buyer Tips, Los Gatos Fixer Upper, Short Sales
Bankers and Wall Street heavy weights were the only one’s who survived the latest recessions. So, why not search for your own bail out in the form of an FHA 203K loan. These programs have been on the books for a long long time, but they are becoming more...
by Leila Mortaz | May 11, 2013 | Short Sales
For home owners who are having trouble making payments on their mortage, there are generally 4 options if they are NOT interested in a Short Sale. 1) Loan Modification: Loan modification is an option that some lender modify the terms of the existing loan to help...
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 10, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
We recently got a Wells Fargo Short Sale approval within 12 days after the appraisal was sent to the property! Considering that one our Short Sales that closed in 2012 took more than 486 days, this is an amazing records.What we believe this Short...
