by Leila Mortaz | Jul 26, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
If you had a choice between buying an REO or a Short Sale, which one makes more sense!? Let’s examine the difference between the 2 Sale Types to help you decide:1) Time Factor: Short Sale are time bombs since the mere fact that the property is being sold as a...
by Leila Mortaz | Jul 26, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Sure both REOs and Short Sales represent opportunities to purchase a property at a discount, but there are fundamental differences between Short and REOs. Lets explore the main difference between the Short Sales and REOs:1) Ownership: Fundamental difference...
by Leila Mortaz | Jul 24, 2013 | Home Seller Tips, Short Sale Expert Advice, Short Sales
1) Value: This is the primary reason why the banks decline your San Jose Short Sale request since the value on the offer submitted does not come close to the value they obtain by their own Broker Price Opinion (BPO). Given the fact that the markets are appreciating...
by Leila Mortaz | Jul 24, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
How can you find out if your home loan is no loner underwater!!? How can you find out when you do not need to Short Sale your home and a regular sale will do?! Well, the answer boils down to the Fair Market Value of your house which we routinely provide to our...
by Leila Mortaz | Jul 23, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Today, I got a call from one of the agents at the office who was foaming at the mouth that her San Jose Short Sale was denied by a lender who shall remain nameless here! I started asking the following questions:1) Does this lender use Equator for processing her San...
by Leila Mortaz | Jul 22, 2013 | Home Buyer Tips, Home Seller Tips, Short Sale Expert Advice, Short Sales
Since Short Sales are transactions require lender approval, they want to make certain that there is no family or business association with between the existing home owners and buyer! In fact, if such a relationship is not disclosed to the bank, it’s considered...
