by Leila Mortaz | Nov 16, 2015 | Home Seller Tips, Short Sale Expert Advice
When Home Owners negotiate with a bank to Short Sale their home, home’s Fair Market Value is often a source of massive dispute. During this process banks use a type of appraisal called Broker Price Opinion (BPO). Unlike a typical appraisal, banks are only...
by Leila Mortaz | Oct 19, 2015 | Home Buyer Tips, Home Seller Tips, Real Estate (Residential), Short Sale Expert Advice, Short Sales
Would you play poker with a player who has seen your card? Well, that’s what some Home Owners are doing when they negotiate with a Bank on a Short Sale or list their home for sale without knowing the True Value of your home. During Short Sales banks use a type...
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 11, 2014 | Los Gatos Short Sale, Real Estate (Residential), Short Sale Expert Advice, Short Sales
Are you considering a short sale? Are you wondering if you could owe taxes on the forgiven debt that the lender could report to IRS and your State as income? We strongly recommend our clients to meet their CPA or Tax Planner to discuss the tax consequences of their...
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...
