by David Mortaz | May 2, 2013 | Short Sale Expert Advice, Short Sales
Foreclosure is a legal process where the lender acquires the title of the property from an owner who has stopped making payments on the loan. However, the implication of a Foreclosure are severe drop in the owners credit score and substantial loss in their ability to...
by David Mortaz | May 2, 2013 | Short Sale Expert Advice
Well, it took 12 days from the time the Bank Appraiser showed up at our seller’s on April 19 to April 30, 2013 where we have a verbal approval for the Short Sale from the Bank!! That has to be a record specially since we were trying to get Short Sale...
by David Mortaz | May 1, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
To qualify for a Short Sale by a lender, you will need to document Financial Hardship to your lender. But before you start any Short Sale process, you should contact the US Department of Housing and Urban Development (HUD) which has Homeowner Assistance Program. In...
by David Mortaz | Apr 30, 2013 | Short Sale Expert Advice
Well, the verdict is in! Banks now NET more money on Short Sales than they do if they file foreclosures proceedings against a Home Owner. In 2012, Wells Fargo closed more than 77,000 Short Sales in contrast to about 27,000 Bank Owned (REO) Sales which is huge shift...
by David Mortaz | Apr 30, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
HAFA Short Sales have been revised to offer Home owners more relocation funds and more properties types now are qualified. But before you start any Short Sale process, you should contact the US Department of Housing and Urban Development (HUD) and talk to a...
by David Mortaz | Apr 29, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice
Writing a Short Sale Hardship letter poses an interesting challenge for most homeowners since they are not sure what information they must include in this letter. We will provide you some general guidelines on the essential and critical information that MUST be...
