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...
by Leila Mortaz | Jun 22, 2014 | Home Seller Tips, Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
If you still have an under water mortgage on your San Jose home despite the historic rise of home prices in 2013-2014; then it’s time to get rid of that bad debt with a Short Sale. In contrast to a foreclosure which damages your credit for years, Short Sale...
by Leila Mortaz | Jun 2, 2014 | Real Estate (Residential), San Jose Short Sales, Short Sale Expert Advice, Short Sales
Are you considering a home sale? Are you considering a short sale? Are you wondering if you could owe taxes on your Short Sale? We always advise our clients to discuss the tax implication of your Short Sale with your CPA or Tax Planner. But suffice it to say that...
by Leila Mortaz | May 20, 2014 | Home Seller Tips, Real Estate (Residential), Residential Mortgage, San Jose Short Sales, Short Sale Expert Advice, Short Sales
Even though home prices have risen in the 1st half of 2014, there are more than 4,500 Wells Fargo loans which are still underwater. One alternative to avoid a foreclosure could be a Short Sale for your San Jose home. In contrast to a foreclosure which will severely...
by Leila Mortaz | May 17, 2014 | Real Estate (Residential), Residential Mortgage, San Jose Short Sales, Short Sale Expert Advice, Short Sales
One of the agencies created as part of Dodd-Frank Wall Street reform act was Consumer Finance Protection Bureau. Ironically, the person championing the cause of creating such an agency was the current senator from Massachusetts Senator Elizabeth Warren. The role of...
