by Leila Mortaz | May 6, 2013 | Short Sale Expert Advice, Short Sales, Uncategorized
It’s not secret that banks are now the most powerful institutions in US with strongest lobby in Congress and least regard on how they are viewed on the Main Street. So, it’s no wonder the process they have set up to deal with distressed home owner...
by Leila Mortaz | May 6, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Is your bank driving you crazy too!?? You can’t figure out why you can’t find anyone sane during you conversation about Short Sale?! Well, you are NOT alone.During our recent Short Sale Process on a San Jose home w 2 loans, we were pulling our hair out...
by Leila Mortaz | May 4, 2013 | Home Seller Tips, Short Sale Expert Advice
If the balance of your 1st loan is more than $729,750 then you will NOT qualify for a HAFA Short Sale. But if you still have a justifiable Financial Hardship, your Short Sale Agent should be able to file a Short Sale application with your lender. Ironically, there...
by Leila Mortaz | May 3, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
Buying a Short Sale property is different than a regular home purchase since the owners of the property can NOT determine the sale price of the home. In simplest terms there are more than 2 principals involved in a Short Sale transaction and the folks in the food...
by Leila Mortaz | May 3, 2013 | Short Sale Expert Advice
Just like any other transactions, Short Sales are prone to abuse and fraud. In this posting we will cover Upfront Fees and why they are considered illegal since the home owners could be influenced to consider Short Sales where they might have other options to avoid...
by Leila Mortaz | May 3, 2013 | Home Buyer Tips, Short Sale Expert Advice
With FULL disclosure by the buyer of their intent to resell a Short Sale property, there is no fraud and it’s NOT illegal to flip a Short Sale property. However, the fraud cases arise from non-disclosure of the BC transaction where the principals of the...
