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santa cruz short sales: Research looks at how SHORT SALES affect scores - 11/30/11 09:58 AM
Research looks at how mortgage delinquencies affect scores How much impact does a short sale have on FICO® Scores? How about a foreclosure? Since I frequently hear these questions from clients and others, I thought I’d share new FICO research that sheds light on this very subject.The FICO study simulated various types of mortgage delinquencies on three representative credit bureau profiles of consumers scoring 680, 720 and 780, respectively. I say “representative profiles” because we focused on consumers whose credit characteristics (e.g., utilization, delinquency history, age of file) were typical of the three score points considered. All consumers had an active … (0 comments)
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santa cruz short sales: Great news for California short sales - Deficiencies g-o-n-e - 07/17/11 10:39 AM
LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED
Here is the legal notice just signed by Gov. Brown. - This law is fully set forth as Senate Bill 458 (Corbett) at www.leginfo.ca.gov
In a major victory for REALTORS®, Governor Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-fourresidential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders cannot require a borrower to owe or pay for a deficiency in a short sale. This … (0 comments)
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santa cruz short sales: Short Sale Closed in Boulder Creek, CA - 05/09/11 07:18 PM
PROOF I closed another Short Sale in Boulder Creek, CA California
Think foreclosure is your only option. . . think again! I negotiated the Short Sale and eliminated there mortgages.
I saved their credit from foreclosure and gave them a fresh start.
Absolutely FREE
http://www.SantaCruzCountyShortSales.comRESULTS SPEAK BETTER than hype
Every Short Sale file I have worked on has closed. That is why other agents hire me to do their short sales. I get right to the heart of the situation for my Short Sale clients. I assess their financial hardships, assess how many lenders there are, and who those lenders are, deal directly with the investor(s) … (0 comments)
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santa cruz short sales: WATSONVILLE Short Sale Approved - 03/27/11 01:56 PM
Patti Lyles, Century 21 Showcase closed another Short Sale in WATSONVILLE, California
Think foreclosure is your only option. . . think again! I negotiated the Short Sale and eliminated there mortgages. http://www.SantaCruzCountyShortSales.com
I saved their credit from foreclosure and gave them a fresh start.
Absolutely FREE
RESULTS SPEAK BETTER than hype
Every Short Sale file I have taken on has closed. That is why other agents hire me to do their short sales. I get right to the heart of the situation for my Short Sale clients. I assess their financial hardships, assess how many lenders there are, and who those lenders are, deal directly … (1 comments)
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santa cruz short sales: Did you know that MBA defaulted on their mortgage? Hilarious but true - 10/12/10 11:00 AM
Mortgage Bankers Association Strategically Defaults on their 79,000,000 mortgage.
This is really true! Another John Stewart spoof of MBA...this is the best case of someone being "tongue-tied"...I think this should be a must see by any Seller who is feeling a bit blue about doing a Santa Cruz Ciounty Short Sale
http://www.thedailyshow.com/watch/thu-october-7-2010/mortgage-bankers-association-strategic-default
I was clueless until I saw this on a Comedy TV show. Mortgage Bankers Association did a strategic default on their headquarters in Washington DC last year. Yes, you read that right...they walked away. When the MBA's own building depreciated they made the financial decision to walk away.
OK, … (1 comments)
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santa cruz short sales: Do you have Wachovia Loan? Don't wait to do a Short-Sale, big policy change! - 08/28/10 02:52 PM
If you have a Wachovia loan in SANTA CRUZ COUNTY, and you're nearing the decision to do a short sale, don't wait. While Wachovia is still one of the better banks to deal with, things are changing. Wachovia representaitves are warning us of big policy changes. It used to be folks would kick into high gear when they finally received the Trustee Sale notice taped to their door. Now, it may be too late. Don't wait that long.
If you want to do a short sale, call 831-335-2100 as soon as possible, or you may be left with no choice but to … (7 comments)
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santa cruz short sales: DO NOT bother to write "low-ball" offers on my SHORT SALE LISTINGS - 08/07/10 09:01 PM
DO NOT bother to write "low-ball" offers on any of my Santa Cruz County Short-Sales.
"Low-Ball offers"= anything below 10% of the listed price:
•1. Smart or experienced agents that represent the Seller in a Short-Sale and closed 20 deals or more won't accept them. If they do they are using your offer to halt a Trustee Sale, so they can generate another buyer that will get bank approval. Banks approvals are all about NET. They are not retail deals!
•2. Stay away from "buy it at wholesale" then do an A to B to C transaction. The banks are "wiser" and … (3 comments)
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Patti Lyles, Santa Cruz County Short Sale & REO Agent (831) 335-2100
Santa Cruz,
CA
More about me…
Century 21 Showcase, REALTORS®
Office Phone: (831) 335-2100
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