by Leila Mortaz | Oct 23, 2015 | campbell rentals, Home Buyer Tips, News, San Jose Short Sales, Short Sales
Tenants at a Camden Avenue apartment complex this morning were told to leave immediately after San Jose code enforcement inspectors red-tagged 11 units as unsafe. When San Jose firefighters fought a blaze there in July 2012, they discovered that it lacked proper fire...
by Leila Mortaz | Oct 1, 2014 | Home Seller Tips, Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
Despite double digit increase in California home values more than 4,500 mortgages are still under water. So, if you need to Short Sale your home to avoid foreclosures or bankruptcy. But how soon can you get a home loan after you complete your Short Sale? The good...
by Leila Mortaz | Sep 10, 2014 | Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
If your home loan is stil under water despite the massive price appreciation, then it might be wise to consider a Short Sale. As part of a Bank of America (BofA) Short Sale on your San Jose Home, the bank will insist on a HAFA Affidavit which is signed by both buyers...
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...
