Still Need A Short Sale?
Still Need A Short Sale? Do you still need a short sale? The recent increase in home prices in the Santa Maria CA and Orcutt CA has given hope to many homeowners who were stuck hopelessly underwater in their…
2013 California Short Sale Tax Relief Bill Passes State Senate Bill 30
2013 California Short Sale Tax Relief Bill Passes State Senate Bill 30 Short sale sellers in California have been in limbo over tax relief since the expiration of the previous tax relief extension which expires at the beginning of…
What Documents Do I Need for My Santa Maria Short Sale?
What Documents Do I Need for My Santa Maria Short Sale? Every Lender is Different and there are types of short sales as well. Some borrowers are eligible for a streamlined short sale that requires virtually no documentation from the…
Fannie Mae Launches A New Short Sale Website
Fannie Mae Launches A New Short Sale Website Fannie Mae and Freddie Mac have revamped their short sale outreach lately. Some of those efforts and changes have resulted in mixed reviews including an apparent new approach to property valuations that…
Can I Do A Short Sale After A Loan Modification?
Can I Do A Short Sale After A Loan Modification? Loan modifications have been touted as the solution for the housing crisis, but often times they are not. Why? All loan modifications are not created equal. Simply reducing someone’s interest…
Will Short Sales Be Pushed Off the Fiscal Cliff?
Will Short Sales Be Pushed Off the Fiscal Cliff? We can’t seem to hear enough about the fiscal cliff these days. Undoubtedly, the decision to extend the Mortgage Forgiveness Debt Relief Act is bound up in the logjam of the…
Is 6 Months Too Long For Short Sale Approval?
Is 6 Months Too Long For Short Sale Approval? I think 6 months is way too long for short sale approval. Short sale approval doesn’t happen in one day and buyers need to understand that -- I get it. Lately,…
Significant Freddie Mac Short Sale Changes (Part One)
Significant Freddie Mac Short Sale Changes This week I sat in on a webinar offered by Freddie Mac. The purpose was to educate short sale agents and would be short sale agents on recent changes Freddie Mac made to the…
A Short Sale is not for Everyone
A Short Sale is not for Everyone There are a lot of people jumping on the short sale bandwagon. Their friends and friends of a friend did a short sale, so they think “why not me?” Like so many others,…
Can I Rent My Home After A Short Sale?
Can I Rent My Home After A Short Sale? Generally speaking the answer is no. Once you miss enough payments for your lender to file a Notice of Default, you will be contacted by a bunch of different people and…
