by Leila Mortaz | Jul 6, 2013 | Home Seller Tips, Los Gatos Fixer Upper, Short Sale Expert Advice, Short Sales
We recently sold a Short Sale where the home owners kept asking “what happens to my credit if I do a Short Sale”!? The short answer (no pun intended) depends on how your lender reports the Loan Settlement to the credit agencies. And some lenders have...
by Leila Mortaz | Jul 6, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Despite the recent recovery in Housing prices, one of out of every 4 home is still under water. And Short Sales remains a viable option for San Jose Home Owners to Avoid Foreclosure. Factors to consider about the qualification of San Jose Short Sale Agent or San...
by Leila Mortaz | Jul 5, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
With one out of 4 home owners still underwater with their mortgage, Short Sales are one option to avoid foreclosure. However, the banks are weary about Arms length transaction where the buyers have a relationship with the seller and are in position to take advantage...
by Leila Mortaz | Jul 1, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Short Sale is a Real Estate transaction where the home owner sells their home for less money than they owe on the property. For instance, if you have a $1m loan on your property but the value of your home has declined to $800,000; then you sale will results in $200k...
by Leila Mortaz | Jun 29, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Banks use a Broker Price Opinion or BPO for short to calculate your home’s value in a Short Sale . A BPO is a condensed (yes, cheaper) version of a Real Estate Appraisal that banks order from a local Realtor to determine that value of your home. However,...
by Leila Mortaz | Jun 28, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
find a San Jose Real Estate Broker.But before you let your fingers do the dialing, consider the following criteria to find a San Jose Real Estate Broker in your market:1) Real Estate is Local: Real Estate is an extremely local phenomena and you should only work with...
