by Leila Mortaz | May 6, 2014 | Home Seller Tips, Los Gatos Short Sale, Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
Despite the huge rise in Silicon Valley home prices, there are still more than 45,000 loans that are underwater meaning that home values are still below the principal value of these loans. But what are the option for these home owners to avoid a home...
by Leila Mortaz | Apr 22, 2014 | Home Seller Tips, Los Gatos Short Sale, Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
Can you qualify for a HAFA Short Sale for your home in Silicon Valley? The short answer might be no, but it requires some investigation. Despite the huge rise in home prices, 28% of home owner’s values are lower than their mortgage balance. We do meet a lot...
by Leila Mortaz | Apr 4, 2014 | Home Buyer Tips, Home Seller Tips, Real Estate (Residential), Residential Mortgage, Short Sales
Do you owe more on your home than it’s value? Are you considering a Short Sale to avoid foreclosure? One of the options is a HAFA Short Sale which could prevent a foreclosure which would have a devastating impact on your credit. HAFA (Home Affordable...
by Leila Mortaz | Mar 31, 2014 | Real Estate (Residential), REOs, Residential Mortgage, Short Sales
It was the height of the REO and Short Sales in California in 2011 when we got a referral by a friend who had a underwater mortgage in Aptos. The townhouse however, was not owner occupied and had tenants living in it. After the initial phone interview to better...
by Leila Mortaz | Mar 29, 2014 | Home Seller Tips, Real Estate (Residential), Short Sales
If you have an underwater mortgage where your home value is less than your outstanding loans, then you need to seriously explore some options. In fact, life is way too short to spend years in fear and turmoil in hopes of a recovery in your home value. The first step...
by Leila Mortaz | Mar 16, 2014 | Home Buyer Tips, Home Seller Tips, Los Gatos Fixer Upper, Real Estate (Residential), Short Sale Expert Advice, Short Sales
If you are negotiating with a bank on a Los Gatos Short Sale; the Fair Market Value of the home is determined by a Broker Price Opinion (BPO). Your home’s Fair Market Value is often a source of massive disputes. Unlike a typical appraisal, banks are only...
