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Why banks are offering cash incentives for San Jose 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...
Winning at Foreclosure Auction does not mean immediate possession!
Buying homes at the court house auctions appeal to a lot of cash investors since they are buying properties at a discount in some markets. But just like anything other risky ventures, the gain in price point for your property purchase could come with some serious...
Top 5 Recommendation before you buy a Short Sale house!
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...
What is a pre-approval for a loan!?
During the past 6 years of marketing Bank-Owned properties, we learned to only accept offers from pre-approved buyers. But to this day, there is a lot of confusion about what is a pre-approved buyer! In fact most buyers are confused about the difference between a...
Can you qualify for Transition Assistance Program for your San Jose home!?
We have written extensively about the Relocation Assistance offered by major lenders such as Bank of America, Chase and Wells Fargo. But now there is a another federally funded program called Transition Assistance Program which is designed to help eligible home...
What is Transition Assistance Program?
Transition Assistance Program is designed to help eligible home homeowners with Short Sale or Deed-in-Lieu programs. The program offers a one time fee of up to $5,000 per hour hold that can be used to relocation assistance. Funds are intended to help home owners...