by Leila Mortaz | Aug 29, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Despite the rising home prices, 25% of mortgages are still under water with homeowners requiring Principal Reduction or Mortgage Modifications that is not coming anytime soon. In fact, most homeowners have give up on getting help from their lenders to keep their...
by Leila Mortaz | Aug 29, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Before you sign the dotted line on the purchase contract of a Short Sale, you should make sure you are not wasting your time and energy on a home that might be heading to foreclosure in a few weeks ! Short Sales are complicated transactions that require a lot of...
by Leila Mortaz | Aug 28, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Principal Reduction Program is a federally funded program develop to help homeowners who have suffered financial hardship. The program is intended to reduce the outstanding balance of the mortgage for qualifying properties that have negative equity.Principal...
by Leila Mortaz | Aug 27, 2013 | Home Buyer Tips, Los Gatos Fixer Upper, REOs, Short Sale Expert Advice, Short Sales
Are there any chances to buy Foreclosures properties in San Jose!? The data makes it rather discoursing to think that there will be many opportunities to buy REOs and Auction properties in San Jose. Below is the chart of San Jose foreclosure Data from Property...
by Leila Mortaz | Aug 27, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
Most major lenders who are offering Short Sale to their clients are concerned about fraud. That’s the basic underlying reason why a HAFA Affidavit is now required by most major lenders including Wells Fargo, Bank of America, Chase and Citibank. This HAFA...
by Leila Mortaz | Aug 27, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
We just closed this San Jose Short Sale located in Willow Glen with a record approval from Wells Fargo which approved the Short Sale within 12 days after the Broker Price Opinion was scheduled! The property was located at 2476 Parquet Ct, San Jose, CA 95124 and was...
