5 Reasons Why 2015 Is the Time For A Short Sale of Your Santa Maria, CA Home

On January 1, 2015, in Santa Maria Short Sale Agents, Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

5 Reasons Why 2015 Is the Time For A Short Sale of Your Santa Maria, CA Home  California Senate Bill 931 (SB 931) – This requires that first mortgage lenders forgive the deficiency when they accept a short sale on a dwelling with up to 4 units. (The deficiency is the difference between what was […]

Zombie Foreclosures, Yet Another Reason For A Santa Maria Short Sale

On March 6, 2013, in Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

Zombie Foreclosures, Yet Another Reason For A Santa Maria Short Sale CNN Money recently reported on the subject of “zombie foreclosures.”  For a short sale agent, this is a familiar subject indeed.  Not every homeowner waits around to the bitter end of their dispute with their lender to move out of their home and move […]

Mortgage Forgiveness Debt Relief Act Extended for Short Sale Sellers!

On January 4, 2013, in Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

Great News for Short Sale Sellers!  Mortgage Forgiveness Debt Relief Act Extended! The Mortgage Forgiveness Debt Relief Act has been extended for one more year.  This is great news for those who have been on the sidelines about whether to short sale their personal residence.  The federal tax debt forgiveness has been extended for just […]

Is the Heyday of the Santa Maria Short Sale Over?

On December 12, 2012, in Short Sale Process, Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

Is the Heyday of the Santa Maria Short Sale Over? Probably not. I think the hey day of the “strategic short sale” is at least taking a breather while the future of the Mortgage Forgiveness Debt Relief Act is still being debated. However, there is still a ton of negative equity out there. And even […]

Short Sale vs. Foreclosure: The Notice of Default

On June 5, 2012, in Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

Short Sale vs. Foreclosure:  The Notice of Default In California, a Notice of Default will typically be filed by the lender after the third missed payment.  Once a Notice of Default is filed, the lender has begun the formal process of foreclosure.  Three months after a Notice of Default is filed, the lender may file […]

5 Reasons Why 2012 Is the Time For A Short Sale of Your Santa Maria, CA Home

On January 1, 2012, in Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

5 Reasons Why 2012 Is the Time For A Short Sale of Your Santa Maria, CA Home California Senate Bill 931 (SB 931) – This important new law went into effect on January 1st.   It requires that first mortgage lenders forgive the deficiency when they accept a short sale on a dwelling with up to 4 units. (The deficiency is […]

Is A Short Sale The Same As A Pre-Foreclosure?

On June 7, 2011, in Santa Maria Short Sale Agents, Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

Is A Short Sale The Same As A Pre-Foreclosure? No, a short sale is not the same as a pre-foreclosure. A pre-foreclosure home has begun the legal process of foreclosure in California.  Typically, this means that a Notice of Default has been sent to the home owner and filed at the County Recorder’s Office.  Notices […]

You Aren’t Eligible for a Short Sale If You Don’t Own A Home

On May 5, 2011, in Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

You Aren’t Eligible for a Short Sale If You Don’t Own A Home Not long ago, I found myself making a much dreaded phone call to a potential short sale seller:  “I’m sorry but you don’t own your home anymore, so you are not eligible for a short sale.”  He had no idea — he […]

Tired of Waiting For YOUR Government Bailout? You Might Want to Try A Short Sale Instead.

On April 11, 2011, in Santa Maria Short Sale Agents, Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

Tired of Waiting For YOUR Government Bailout?  You Might Want to Try A Short Sale Instead. Tired of waiting on the government to save you?  Thus far there hasn’t been much to help the average homeowner in distress save their home.  It doesn’t take a genius to figure out what it would take to keep […]

Short Sale vs. Foreclosure: The Foreclosure That Wouldn’t End

On February 6, 2011, in Short Sales vs. Foreclosure, by Santa Maria Short Sale Agent

Short Sale vs. Foreclosure:  The Foreclosure That Wouldn’t End Can a foreclosure go on and on?  Unfortunately the effects of it can linger.  Right now in California, we have very favorable anti-deficiency laws protecting home owners from being pursued after a foreclosure or a short sale.  However, there are still limits to those protections.  Homeowners […]

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