by Leila Mortaz | Jun 28, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Proof of Financial Hardship is required from your lender to issue an approval for our Short Sale. However, writing a Hardship letter proves difficult for some home owners who are not sure what information needs to be disclosed to the lender and what information is...
by Leila Mortaz | Jun 25, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
If you are experiencing temporary hardship that’ has caused you to miss some payments, ask your lender for a repayment plan before you start a Short Sale! What are the Repayment plans you wonder!? Repayment plans are designed to allow the home owner to...
by Leila Mortaz | Jun 25, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
Just like the dysfunctional political system in Washington DC creating grid lock; banks are also holding the Real Estate industry hostage! One of the manifestation of this grid lock is the absurd valuations as part of our San Jose Short Sale Negotiations. As you...
by Leila Mortaz | Jun 25, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
Banks are holding the Real Estate industry hostage and have been since the market crash. One of the manifestation of how the Tail is Wagging the Dog is absurd valuations as part of our San Jose Short Sale Process. As you are aware, banks use Broker Price...
by Leila Mortaz | Jun 25, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
After a recent cancellation of an offer on our San Jose Short Sale Listing; the owners of the property started asking us about why the buyers would cancel a offer on a property where they were competing bids! Here are some of the reasons our own buyers have told us...
by Leila Mortaz | Jun 24, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice
Short Sale approval by your lender requires proof of financial hardship but it’s amazing that what some folks consider a hardship!! Planning a trip to Europe or sending your child to Stanford does NOT qualify for a Hardship. The nature of the Financial...
