by Leila Mortaz | May 12, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Buying a Short Sale home is NOT for the faint of heart cause there are too many moving parts including a lender who could be trying to foreclosure on the property and a stressed seller who might NOT be sharing all of their plans with their listing agent. In this...
by Leila Mortaz | May 10, 2013 | Los Gatos Short Sale, Real Estate (Residential), Residential Mortgage, Short Sale Expert Advice, Short Sales
Deficiency Judgment is created when banks agree to a Short Sale of a property where they will net less money than it’s owed on the property. For example, when a $500,000 home is sold for $100,000 as part of a Short Sale, then the lender can issue a deficiency...
by Leila Mortaz | May 10, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
We recently got a Wells Fargo Short Sale approval within 12 days after the appraisal was sent to the property! Considering that one our Short Sales that closed in 2012 took more than 486 days, this is an amazing records.What we believe this Short...
by Leila Mortaz | May 9, 2013 | Home Buyer 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 | May 9, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Just like any profession, some Short Sale Negotiators are reputable and qualified to negotiate and facilitate Short Sales whereas others are not. And home owners have little tools to identify the qualified one’s from posers.Scammers solicit homeowners and...
by Leila Mortaz | May 9, 2013 | Short Sale Expert Advice, Short Sales
It’s always a wise idea to discuss the Tax implication of your Short Sale with your CPA or Tax Planner. However, home owners are generally protected against a deficiency judgment after a Short Sale. The Mortgage Forgiveness Debt Relief Act of 2007 provides an...
