5 Reasons Why A Loan Modification May Not Be the Answer for You When considering whether you should pursue a short sale or a loan modification, homeowners should consider and discuss the following issues with their legal counsel and tax…
What Happens if the Short Sale Does Not Appraise? It depends. This is definitely a difficult situation for both the buyer and the seller, usually because appraisals are not ordered and completed until after the short sale approval has been…
Four Things Santa Maria Home Sellers Should Know About the HAFA Short Sale Program HAFA stands for Home Affordable to Foreclosure Alternatives and it is a government program designed to help home owners who are in danger of losing their…
Santa Maria Real Estate: Can investors purchase short sales? Yes, investors can purchase short sales. There are pitfalls though, such as if the property has a notice of default filed on it. In that case, specific disclaimers MUST be provided…
What is a BPO and how can it Affect a Short Sale? A BPO is an acronym that stands for Broker Price Opinion. As a part of approving a short sale, a bank will order either an appraisal or…
Short Sale Alert: One Loan? No More Deficiencies After a Short Sale in California. I think this is probably the most significant development for short sale sellers since the housing bust began and frankly it makes me proud to…
1) Review your lease. Make sure you know when the lease will end, and when the tenants will begin a month to month tenancy. These are important facts to relay when selling a home with tenants. Investor buyers willl want…
Santa Maria Short Sale Alert: What is a Contingent Short Sale? Contingent short sales are all over the Santa Maria market. Santa Maria home buyers are always asking me about them. They linger on the market. Often the seller is…
Short sale sellers are routinely receiving multiple bids on their properties given the current limited inventory in many markets on the central coast. Some lenders request to see all offers submitted on a listing, but often sellers are often given…
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