by David 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 David 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 David 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 David 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 David 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...
by David Mortaz | May 3, 2013 | Home Buyer Tips, Home Seller Tips, REOs, Short Sale Expert Advice, Short Sales
Buying a Short Sale property is different than a regular home purchase since the owners of the property can NOT determine the sale price of the home. In simplest terms there are more than 2 principals involved in a Short Sale transaction and the folks in the food...
