by Leila Mortaz | May 8, 2013 | Short Sale Expert Advice, Short Sales
The answer to this question is resounding YES!! But why the bank are willing to part with Relocation Money on Short Sales!? See the banks have a difficult job of romancing home owners to trust them after the Loan Modification disasters which was nothing but a photo...
by Leila Mortaz | May 8, 2013 | Home Buyer Tips, REOs, Short Sale Expert Advice, Short Sales
Buyers and investors want to pay the least amount of money while the banks want to Maximum Net on their Bank-Owned (REO) properties in USA. So, how can you develop a winning strategy for your buyers with REO Listings!?Here are some recommendation for REO buyers that...
by Leila Mortaz | May 7, 2013 | REOs, Short Sale Expert Advice, Short Sales
We recently represented an investor who purchased a Fannie Mae owned REO property located in San Jose California for rehab and resale. After waiting 2 week, Fannie Mae finally accepted our CASH offer; but shocked us with horrendous Deed Restrictions! Here are...
by Leila Mortaz | May 6, 2013 | Short Sale Expert Advice, Short Sales, Uncategorized
It’s not secret that banks are now the most powerful institutions in US with strongest lobby in Congress and least regard on how they are viewed on the Main Street. So, it’s no wonder the process they have set up to deal with distressed home owner...
by Leila Mortaz | May 6, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Is your bank driving you crazy too!?? You can’t figure out why you can’t find anyone sane during you conversation about Short Sale?! Well, you are NOT alone.During our recent Short Sale Process on a San Jose home w 2 loans, we were pulling our hair out...
by Leila Mortaz | May 4, 2013 | Home Seller Tips, Short Sale Expert Advice
If the balance of your 1st loan is more than $729,750 then you will NOT qualify for a HAFA Short Sale. But if you still have a justifiable Financial Hardship, your Short Sale Agent should be able to file a Short Sale application with your lender. Ironically, there...
