Fred Sed's Blog

Irvine Short Sale Realtor: How long does a short sale take? Foreclosure prevention specialist

Mon, 09 Nov 2009 14:51:58 -0600

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How long does a short sale take, I need to get out now!

First it comes down to how prepared you and your broker are in this situation. If your broker or short sale specialist is experience then you will have the quicker turn around. Also it depends on what banks you have your loans with. Meaning if you have your mortgage with a smaller bank who does not have as many defaulted loans then the approval should take 30-45 days to receive.

But if the bank who has your mortgage is a larger bank, meaning they have a large amount of defaulted loans then it could take up to 60-90 days for the approval.

This is very important. This complicated process takes time so to have the option of a short sale, you must act soon. If you wait until 1 week before eviction, no one can help you do a short sale. It is simply impossible. DO NOT WAIT.

Why do I have to sign a Borrower's Authorization?

In order to both determine if your lender will consider a short sale and then to actually negotiate the short sale, The Pahua Group needs be able to speak to your lender about the mortgage. The lender will only speak to people you have authorized them to speak with.

By signing a Borrower's Authorization, you give the lender permission to speak to The Pahua Group about your loan. That is all it does, but it is necessary. An authorization must be filled out for each mortgage.

Orange County Short Sales: Are Short Sale Guaranteed to work? Foreclosure prevention specialist

Mon, 09 Nov 2009 14:51:26 -0600

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Are short sales guaranteed to work?

No. Even though short sales are increasing they are still fairly complex, as I have stated. All the criteria MUST be met for a bank to even consider a short sale. It is not easy to convince a bank that the market value of the home is lower than what they are owed. They do not like to take a loss on a loan.

With short sales the banks must be convinced to discount the mortgage enough to make it viable for a potential buyer. So it is very important that every request that is made by the bank, we respond quickly and correctly. This is easily done by both us as broker and you as the homeowner on are the same page from day one.

In some short sales, we do all the paperwork and wait several weeks only to be denied. Again, the homeowner continues to own and live in the house if he or she chooses.

If the lender does not approve the short sale, The Pahua Group has no rights at all to the property and no transaction occurs. The purchase agreement becomes void and the listing continues.

From the very moment you contact us initially we make sure that you actually can qualify for a short sale. We are not here to waist your time or ours so it is crucial that you answer every question honestly so that if we attempt a short sale on your home, we are successful.

What if a bank doesn't accept the short sale?

Again, if the bank doesn't accept the short sale offer, there is no transaction and the home is still owned by the foreclosing homeowner and the foreclosure process continues.

Also if the bank does not accept the short sale, we probe the bank to find out why they won't approve it. It could be many different reasons why they would not accept it.

But then this goes back to the beginning of the short sale process and our pre-qualifying of your situation. As I said, we should know upfront whether or not we can short sale your property. If we know we can't then we will tell you. Our job is to help you not hurt you.

Orange – County – Short – Sale – Specialist – Qualifying – Terms

Mon, 09 Nov 2009 14:50:40 -0600

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Orange - County - Short - Sale - Specialist - Qualifying - Terms

*Owe more than your home is worth.

*Having trouble making your mortgage payments.

*Having already missed 1 or more mortgage payments.

*Have some sort of hardship that holds you back from your payments and or monthly expenses.

*Have a loan in which the interest has adjusted up which makes the payments hard to make.

*Need to sell your home, but there is not equity to do so.

*Heading toward a foreclosure and have run out of options.

There are many other factors that would help you qualify for a short sale. Please contact our Short Sale Realtor Fred Sed 949-274-3733 to discuss if you do qualify for a short sale. We do cover all of Orange County, Riverside County, and Los Angeles County.

Watch Fred's Short Sale Video's

To Avoid Foreclosure and Save Your Credit, Call Your Orange County Short Sale Specialist Realtor, Fred Sed, and see if this would be the best option for you!

Fred Sed

(949) 274-3733

FredSed@PGcoastal.com

www.FredSed.com

FINANCIAL HARDSHIP??? || ORANGE COUNTY SHORT SALE REALTOR

Mon, 09 Nov 2009 14:49:21 -0600

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What is "Financial Hardship" and why is it so important?

"Financial Hardship" is a critical part of the short sale equation. No matter what you hear about banks "not in the business of owning real estate", etc., they DO NOT give homeowners a break easily. They require GOOD REASON to give a discount for a short sale. They have entire departments called "Loss Mitigation", which means their entire job is to reduce the loss the bank takes on a bad loan. Giving big discounts to sellers increases the loss on a bad loan, so they don't take it lightly.

The ONLY reason a lender will agree to a short sale is if they determine that the short sale will net the more money that proceeding with the foreclosure. Understanding the homeowner's financial hardship is a big part of the lender estimating whether they will be paid in full for the mortgage.

IF THERE IS NOT A LEGITIMATE FINANCIAL HARDSHIP, A LENDER WILL NOT SHORT SALE EVEN IF THE HOME IS WORTH LESS THAN THE MORTGAGE BALANCE. Quite simply, the lender will make the borrower pay the shortfall if there is no hardship.

p>Many homeowners try to use a short sale as a "get out of jail free" card to dump their poor investment. Lenders will not allow this and it is a waste of time to try. If you are employed and have some assets, but you have simply lost value on your home and want to sell, YOU PROBABLY CANNOT SHORT SALE. If you are current on your mortgage, IT IS VERY DIFFICULT TO SHORT SALE. Lenders need to see that you simply cannot pay them back before they will short sale.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

ORANGE COUNTY SHORT SALES || OTHER OPTIONS BESIDES FORECLOSURE

Mon, 09 Nov 2009 14:31:46 -0600

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What other options might I have at this point?

When faced with a foreclosure, some things you may be able to do are:

1.Sell your home through the normal channels

2.Bring your mortgage current by making the missed payments and paying the penalties

3.Refinance your mortgage with another lender

4.File for bankruptcy

If you can do any of the first 3, then you probably should! Those are usually the best solutions for a homeowner in foreclosure. However, if your situation is such that your house cannot be sold for the amount owed, and you have no money to bring the payments current, and you have no equity to qualify for a refinance, then you should consider a short sale before considering option #4.

Again, we encourage you to educate yourself as much as possible about your situation and seek advice from any attorney or CPA you have access to about your choices. We do caution you against paying for the advice of so-called "foreclosure work-out specialists" or other such advisers unless it is by personal recommendation.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

California Short Sale Realtor || Can you short sale if you have NOT missed any payments?

Mon, 09 Nov 2009 14:30:54 -0600

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I am NOT in foreclosure and I have missed NO PAYMENTS, can a short sale work for me or do I qualify for a short sale?

It is difficult to do a short sale if foreclosure has not been filed but it is possible if a couple of payments have been missed and there is a good hardship story. The lender must be convinced that they will NOT BE REPAID without the short sale.

If you are not in foreclosure and you have not missed any payments, a short sale is probably not likely, but it is possible. The key is to have a legitimate financial hardship that will keep you from making the payments. A short sale is not just an easy way out of a bad investment. If you are working and your house has just lost some value, that is just unfortunately a bad investment and you are responsible to pay the shortfall.

Short sales are when lenders agree to discount a mortgage for someone who has had legitimate hardships and who has little chance of paying the amount owed. You may be hearing stories that mortgage companies are hurting and they don't want these houses and are giving big discounts away. These stories are mostly urban myths and are not true. In fact, the opposite is happening. Since profits are down, lenders are getting tougher when negotiating prices. They are not letting properties go cheaply and without very good reason. They will try ANYTHING to get you to repay the mortgage in full. A short sale is only a last resort, but we do know how to get lenders to agree to a short sale.

What if my mortgage is an FHA...or HUD...or VA mortgage?

Short sales can still be done on all these types of mortgages though each one has different criteria. Just let us know what kind of mortgage you have and we will take that into account.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

ORANGE COUNTY EXPERIANCED SHORT SALE REALTOR || MULTIPLE MORTGAGES ?

Mon, 09 Nov 2009 14:29:35 -0600

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I have other liens (i.e. mechanics, IRS, court judgments) on my house; can I still do a short sale?

Yes, but again, it gets much more complicated and will take longer. If this is the case on your home, be sure to COMPLETELY list all potential liens you have. Each lien holder will have to be negotiated with individually. A short sale in this circumstance will take longer than 60 days.

I am an heir to an estate that has a mortgage it (or I) can't afford to pay. Can I do a short sale?

Yes, this is common. When you contact us, make sure to note the homeowner is deceased.

I have 2 or 3 mortgages on my house. Can I still do a short sale?

Yes, each mortgage or Line of Credit (HELOC) can be negotiated individually. It is important to know which mortgage filed the foreclosure or if more than one are in foreclosure, which filed first.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

BEHIND ON YOUR MORTGAGE? || CALIFORNIA SHORT SALE REALTOR

Mon, 09 Nov 2009 14:28:37 -0600

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I am behind on my mortgage payments, but not yet in foreclosure. Can I do a short sale?

Yes and this is happening with much greater regularity. Sometimes, these are actually the most attractive short sales for an buyer/investor and a lender because a lender can avoid ALL the costs of foreclosure with a short sale before foreclosure is filed.

In these case, it is more important to have a very good "hardship" story to explain to the lender why you are unable to make the payments.

My house needs a lot of repair; can you still do a short sale?

Yes, though it can make the process more difficult because the price must be substantially lower. The key is to be able to show the bank's appraiser all the work that needs to be done. Let us know if this is the case with your home.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

ORANGE COUNTY FORECLOSURES SHORT SALES || DO I PAY THE DIFFERENCE?

Mon, 09 Nov 2009 14:27:49 -0600

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I have heard that I could still owe taxes after a short sale, is this true?

Yes, this is true but it is not that simple. If this is a concern to you then you need to consult an attorney or CPA, but without trying to get too complicated, we can provide our experience with this problem.

When a lender "writes off" part of a loan, it has to account for where that money went. In the case of a short sale, it is determined that the amount goes to the foreclosed homeowner, since it is their personal debt that is forgiven so that the house can be sold. The bank can account for this in one of 2 ways.

Either the bank keeps the amount of the discount on the books as a bad debt and they can go through the courts to try to collect from you on the bad debt. Or the bank can issue a 1099C form to you for the amount forgiven and that amount can be considered "income" for you.

In our experience, having the bank issue the 1099C is better for the homeowner for a couple of reasons. (Again, please consult a CPA or tax adviser if you have questions) When you receive the 1099C, the control is in your hands as to how to treat the 1099C income on your return. When the bank keeps the debt, the choice is in their hands as to whether they come after you to collect.

Most importantly, even if you receive the 1099C and declare it as income, as you should do, there is a good chance you will owe very little tax if any at all. This is because there is an IRS rule regarding "Insolvency", which essentially says if you are insolvent (more liabilities than assets) at the time of the short sale, then you don't have to count the 1099C as income. There is an IRS form to fill out to show you are insolvent. See www.irs.gov

The bottom line is the typical people who are in a foreclosure or short sale situation have little income or assets, so the 1099C is usually not counted as income, or the tax rate you might pay is very low. Again, ask your tax person or you can call the IRS for free advice.

If you are concerned about owing a debt after the short sale, it is important to remember that if you do not use a short sale to satisfy your lender, then the foreclosure process will continue. If the lender takes back the house and has to sell it for less than you owe, YOU CAN STILL BE HELD LIABLE for the amount they lost. The bank can go after you in court to collect the deficiency. So whether you choose foreclosure or short sale, you still have the potential to owe a liability to the bank. Clearly a short sale is the better way to go considering all things.

So the short answer is that you can owe taxes both after a short sale or after a completed foreclosure; however, if a short sale is done properly, the tax can often be avoided in large part. Again, each situation is unique.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

LAGUNA BEACH RENTALS & HOMES FOR LEASE , GORGEOUS PLACE TO LIVE

Mon, 09 Nov 2009 14:25:14 -0600

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Is Laguna Beach Your Next Place Of Residence?

If your answer is yes then this is where you want to be and we offer our services for free! Our job is to find qualified tenants to occupy these properties! *

There is no cost to you as the potential tenant/renter, which means our services to you would be free. Our fees are paid for by the owner/landlord of the properties. For additional information, questions, or if you would like to set up a time to preview any property please contact Fred Sed with Fairview Realty at 949-274-3733.

(To reference a property, use the MLS # that is located next to the pictures. It is in bold and it starts with a letter then a series of numbers)

RENTAL PROPERTIES IN LAGUNA BEACH, LAGUNA BEACH LEASES

CONTACT FRED SED 949-274-3733 FOR ADDITIONAL INFORMATION OR TO SCHEDULE A SHOWING!

*Subject to credit check fee of $15.00 per person over 18.

LADERA RANCH HOMES FOR LEASE , RENT

Mon, 09 Nov 2009 14:24:17 -0600

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LADERA RANCH REAL ESTATE FOR RENT / LEASE

FRED SED 949-274-3733

LADERA RANCH LEASES, LADERA RANCH HOMES FOR RENT, LADERA RANCH RENTALS

CONTACT FRED SED 949-274-3733 FOR ADDITIONAL INFORMATION OR TO SCHEDULE A SHOWING!

*Subject to credit check fee of $15.00 per person over 18.

Newport Coast Homes for Rent/Lease

Mon, 09 Nov 2009 14:23:31 -0600

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Newport Coast Properites for Rent

If you are in the market for some of the most exquisite properties in Orange County then CLICK HERE

If you have any questions please call our office at (949) 274-3733

Single Family Detached Homes for Rent!

Mon, 09 Nov 2009 14:22:36 -0600

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Single Family Detached Homes for Rent in Orange County

Do you really want to live in your own detached home? If you can't buy then you can rent! You have a

variety of options when it comes to renting your own detached home. It all depends on what city and how

much you would like to spend. If you would like to see your options please CLICK HERE

If you have any questions or would like to apply for a property please call our office at (949) 274-3733

Rentals Available in Lake Forest, Foothill Ranch, & Portola Hills!

Mon, 09 Nov 2009 14:21:39 -0600

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*Would you like to see all of the available properties in Lake Forest, Foothill Rentals Available in Lake Forest, Foothill Ranch, & Portola Hills! Ranch, & Portola Hills?

If so then check out our rental website at Http://www.PGLeases.com and view all of the properties in all of the prices.

Call Fred Sed with any questions (949) 274-3733

SAN CLEMENTE HOMES FOR RENT AND LEASE!

Mon, 09 Nov 2009 14:19:54 -0600

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San Clemente Rental Properties

Welcome to the wonderful city of San Clemente! If you are planning on renting a condo or a detached home, you have come to the right place!

We provide FREE services to all potential tenants who would like assistance in searching for a rental property.

If you would like to view the available rental properties in San Clemente please CLICK HERE

Please contact our office with any questions at (949) 274-3733

OC Short Sale Realtor : Foreclosure Prevention Specialist: Avoid Foreclosure

Fri, 06 Nov 2009 12:54:06 -0600

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My house is really nice, why is the short sale offer so low?

Sellers often have an emotional attachment to their home and often feel a short sale offer is too low. It is important to remember a few things. First, the seller in a short sale can never receive any money in the transaction, therefore it should be of very little concern at what price the short sale is done. The only real exception is when the seller has tax liability concerns. Otherwise, the price should not matter to the seller.

The important factor in a short sale is whether the lender will accept the price. Lenders OFTEN accept prices for short sales that normal homeowners or Realtors are surprised at. Discounts of 30% are no longer uncommon. This happens for several reasons:

Sellers are often in denial about how bad the market really is for housing and therefore how far the value has declined.

Lenders don't like the foreclosure process any more than homeowners do (especially in Southern California). Lenders incur substantial costs during a foreclosure process that can last more than 12 months. They have attorney fees, filing fees, publication fees, lost interest on the money that is tied up, property taxes, insurance, maintenance costs as well as the potential for vandalism of the vacant home. This is all BEFORE having to try to sell the home as a bank owned REO and pay commissions to do that. A short sale is a way to avoid some or all of these costs. If a lender calculates his cost of eviction at $50,000 for a house, they will often take a $40,000 loss on a short sale instead and they will be better off.

Lenders are emotionless businesses. They simply look at the numbers and make a decision. If the numbers favor a short sale, they will accept even if it means taking a large loss. They do not want to wait, they want the deal done NOW. These numbers and factors are what a short sale investor is focused on.

In a poor housing market, most of these numbers have very little to do with how nice a home is. The ultimate goal is to sell this home and help the seller satisfy there commitment to the bank and avoid foreclosure.

My house is really nice, why is the short sale offer so low?

Orange County Foreclosure Prevention Realtor : Short Sale Specialist

Fri, 06 Nov 2009 12:53:38 -0600

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My house is already listed for sale on the MLS but isn't selling; can I do a short sale?

Yes, a short sale in this scenario is relatively common. Some lenders even require that a house be listed for sale before approving a short sale in order to show that a discount is necessary.

A typical short sale situation is one like this (as used before):

Homeowner purchases a home for $600,000 in 2004 with 5% down payment.

In 2005, value has increased and interest rates have declined so the homeowner refinances to pull cash out. Home value $660,000, new mortgage $660,000.

In 2006, homeowner gets laid off and continues to make payments from savings.

By 2007, savings are gone and still no job. Homeowner begins to miss payments and decides to sell home for the former appraised value of $660,000.

As the months pass, the home is not sold because values have fallen to $600,000 and after 3 missed payments, the foreclosure process has begun. The Real Estate Agent presses the homeowner to lower the selling price, but that would require the homeowner to come up with cash at closing to cover the mortgage shortfall.

Homeowner is stuck in the house. He can't sell and can't catch up with the payments, and the foreclosure is proceeding toward eviction.

Given the above example, you DO NOT want to wait until the very end to consider a short sale. If you feel your back is against the wall and you need a way to avoid foreclosure, do contact us.

FINANCIAL HARDSHIP??? || ORANGE COUNTY SHORT SALE REALTOR

Fri, 06 Nov 2009 12:52:30 -0600

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What is "Financial Hardship" and why is it so important?

Many homeowners try to use a short sale as a "get out of jail free" card to dump their poor investment. Lenders will not allow this and it is a waste of time to try. If you are employed and have some assets, but you have simply lost value on your home and want to sell, YOU PROBABLY CANNOT SHORT SALE. If you are current on your mortgage, IT IS VERY DIFFICULT TO SHORT SALE. Lenders need to see that you simply cannot pay them back before they will short sale.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

Orange County Short Sale Info from your Orange County Short Sale Specialist

Fri, 06 Nov 2009 12:51:36 -0600

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1. What is a Short Sale?

A short sale is the process by which a homeowner can sell a house for less money than he actually owes on the mortgage(s). This is done by the seller and the listing agent providing proper documentation to the mortgage lender(s) to convince them to reduce the mortgage balance to allow the sale. The mortgage lender (or bank) actually takes a loss (or write-off) on the mortgage because the value of the home has fallen below the mortgage balance AND the homeowner is in a poor financial condition that will not allow him to continue to pay on time.

If the bank approves the discount on the mortgage, the home can be sold for a lower price without the seller having to come up with cash to cover the shortfall, and the mortgage is satisfied and the foreclosure process stops.

2. What type of situation is the short sale best for?

Most short sales are done on properties in foreclosure. This means the homeowner is at least 3 payments behind and the foreclosure suit has been filed by one of the mortgage lenders. Recently, more mortgages that are simply behind or "in default" are considered short sale candidates without actually being in foreclosure.

Also, the homeowner typically has negative equity or no equity in the home. In other words, the total balance owed on the mortgages is equal or greater than the price at which the house can be sold. This situation is growing increasingly common due to the easy availability of 100% mortgages (no money down) as well as the recent decline in prices. This is particularly prevalent in the Southern California area, which has a large glut of homes for sale and where prices have declined 10%-30% in the past year.

In addition, the homeowner must have some type of financial hardship that is preventing him from paying the mortgage. This is commonly job loss, medical bills, disability, or some other hardship.

A typical situation for a short sale is this:

-Homeowner purchases a home for $600,000 in 2004 with 5% down payment, the mortgage balance is $570,000.

- By 2005, the home's value has increased and interest rates have declined so the homeowner refinances to pull cash out. Home value $660,000, new mortgage $660,000.

- In 2006, homeowner gets laid off and continues to make payments from savings, hoping to land a new job soon.

- By 2007, savings are gone and still no job. Homeowner begins to miss payments and decides to sell the home for $660,000.

-As the months pass, the home has not sold because values have dropped back to $600,000 and the foreclosure process has begun. The Real Estate Agent presses to lower the selling price to entice a buyer, however that would require the homeowner to come up with cash at closing to cover the mortgage shortfall.

-Homeowner is stuck in the house and the foreclosure is proceeding.

If your situation sounds at all like this one, you might benefit from a short sale, Call Fred Sed at 949-274-3733.

Fred's Short Sale Video's

Orange County Short Sale Realtor Specialist - Homeowner Hardship

Fri, 06 Nov 2009 12:47:03 -0600

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Orange County Short Sale Realtor Specialist - Homeowner Hardship

*Have you lost your job?

*Have you taken a reduction in income?

*Do you have any medical complications?

*Are you going through a divorce or death in the family?

*Did your interest rate on your mortgage adjust upwards?

*Are you in financial distress at the moment or feel that you will be in the near future?

*Are you in foreclosure or heading toward it?

If you feel that any of the above do relate to you and you are a current homeowner, then contact us today!

We have been and currently are successful in assiting homeowners avoid foreclosure and avoid

damaging there credit for a long period of time.

Contact Fred Sed Today, Your Orange County Short Sale Realtor. Fred can help you with Foreclosure

Prevention.

Fred's Short Sale Video's

Fred Sed

(949) 274-3733

FredSed@PGcoastal.com

www .FredSed.com

Orange County Short Sale Realtor : Foreclosure Prevention Consultant

Fri, 06 Nov 2009 12:46:08 -0600

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Orange County Short Sale Realtor : Foreclosure Prevention Consultant

Are you heading down the path toward foreclosure?

Are you wondering what options you have left?

Do you feel that the only option you have is to hand your keys over to the bank?

Are you financially unable to make your mortgage payments any more?

Whatever the reason DO NOT ALLOW YOURSELF TO FORECLOSE, so many homeowners are not aware of

the real options that they have when they can no longer afford there mortgage and are heading toward

being foreclosed on.

WE CAN HELP YOU! We specialize in assisting homeowners avoid foreclosure by way of a Short Sale. A short sale is when a homeowner can not sell the home for the amount that is owed to the bank, because the value has decreased below that amount. So the only way the property can be sold, is if the bank approves a Short Sale and allows the property to be sold for less than what is owed to the bank. Once successful then homeowner is able to sell the home and avoid foreclosure.

Please contact Fred Sed 949-274-3733, your Orange County Short Sale Realtor Specialist, to see if you qualify.

It is your duty to make sure if you qualify for a Short Sale. This service is FREE for you as a homeowner and there is NO COST for you to go through this process.

YOU HAVE NOTHING TO LOSE AND SO SO MUCH TO GAIN, SO TAKE ADVANTAGE OF THIS FREE SERVICE!

Fred's Short Sale Video's

Fred Sed

(949) 274-3733

FredSed@PGcoastal.com

www.FredSed.com

CALIFORNIA OC SHORT SALE REALTOR || WHAT AREAS DO WE COVER?

Fri, 06 Nov 2009 12:44:56 -0600

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Do you handle houses in my area?

Our focus is in Orange County, Los Angeles, and the Inland Empire areas; however, we will consider listings in other areas of Southern California. In addition, we work with other short sale specialists in the region and can often refer your case to another Short Sale Realtor if we cannot help you.

We typically need to have some knowledge of the local real estate market you are in to be able to make a convincing case to a lender to short sale your mortgage.

Do you handle duplexes, apartment buildings, condos or commercial property?

We do handle all residential properties in all price ranges, but currently we do not handle commercial properties.

To see if we might be able to handle your multi-unit property contact us.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

SOUTHERN CALIFORNIA SHORT SALE REALTOR || CAN YOU SPEAK WITH THE BANK?

Fri, 06 Nov 2009 12:44:15 -0600

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Can't I just go down to my branch or mortgage broker and talk to them about reducing my mortgage?

Unfortunately, things don't work that way anymore in the banking business. Once you obtain a mortgage, it typically gets bundled with other mortgages and sold to other banks or investors. Oftentimes, the company to which you make your payments is not even the bank who holds your mortgage; they are simply paid to "service" the loan.

Also, once you mortgage lender begins the foreclosure process, the file is turned over to a loss mitigation company so the "lending" departments or the branch no longer have anything to do with the loan.

All negotiations regarding the short sale are done between the Listing Agent and whatever loss mitigation or asset management company works for the lender.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

FREE SHORT SALE SERVICES || IRVINE SHORT SALES & FORECLOSURES

Fri, 06 Nov 2009 12:43:21 -0600

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12.Who owns the house after a short sale?

The purchaser of the house is the owner after a short sale just as in a normal sales transaction. The mortgage lender is paid off and the previous homeowner moves to a different home.

13. What do I do about my back property taxes when I do a short sale?

Just as in a normal home sale, property taxes are the responsibility of the homeowner until the date the sale is closed. Then they become the responsibility of the buyer or investor.

If your property taxes have not been paid this will affect the negotiations between the buyer and the bank, so you must inform us or any buyer of those taxes owed.

IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.

CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.

CONTACT FRED SED AT 949-274-3733 OR EMAIL AT FREDSED@PGCOASTAL.COM

LADERA RANCH HOMES FOR LEASE , RENT

Fri, 06 Nov 2009 12:34:53 -0600

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LADERA RANCH REAL ESTATE FOR RENT / LEASE

FRED SED 949-274-3733

LADERA RANCH LEASES, LADERA RANCH HOMES FOR RENT, LADERA RANCH RENTALS

CONTACT FRED SED 949-274-3733 FOR ADDITIONAL INFORMATION OR TO SCHEDULE A SHOWING!

*Subject to credit check fee of $15.00 per person over 18.