by Leila Mortaz | Jul 18, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Despite the healty uptick in home prices, one of out of 4 Home loans are underwater where the home’s value is less than the value of the mortgage! And with unemployment still at record levels, it’s no wonder that some folks are struggling to make their...
by Leila Mortaz | Jul 17, 2013 | Home Seller Tips, Property Management, Short Sale Expert Advice, Short Sales
Since the Top 4 Major US Lenders have started offering large relocation incentives, we are advising our San Jose Short Sale clients to decline HAFA Short Sale as an option! The reason is very simple. HAFA which stands for Home Affordable Foreclosure Alternative...
by Leila Mortaz | Jul 16, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Google When your lender approves your San Jose Short Sale, the amount of short funds will be reported to IRS using a 1099 form which has tax implications. The amount reported on the 1099 form to IRS is called the Forgiven Debt or Deficiency Judgment.For example,...
by Leila Mortaz | Jul 16, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
Chase Home Mortgage is offering large sum of cash for home owners during Short Sale. In fact, the practice has now become standard with Wells Fargo Home Mortgage being the latest lender to offer large cash incentives to San Jose Home owners who have a Wachovia Bank...
by Leila Mortaz | Jul 14, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
To motivate home owners to consider a Short Sale, most major lenders including Chase, Citibank, Bank of America offer cash for short sale! The latest addition to this is Wells Fargo Home Mortgage who is offering cash for Short Sales as well. Bank of America, Chase...
by Leila Mortaz | Jul 13, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
World Saving Bank (now owned by Wells Fargo Home Mortgage) is offering Cash incentives for San Jose Home Owner for Short Sale. These are non-HAFA Short Sales which means the home owners have to decline their option for a HAFA Short Sale. In HAFA Short Sale, home...
