san diego: Bank of America Short Sale Relocation Assistance $2,500 to $30,000 - 05/15/12 02:10 PM
Bank of America is sending out letters to many clients offering a possible relocation assistance of anywhere from $2,500 to $30,000. We currently have a few clients that have qualified for the program. Below is the email that was sent out by Bank of America today talking about the program. The program is only offered for a short amount of time (we haven't been given a time frame), so you must take advantage right away.
If you are facing foreclosure or have any questions regarding a short sale and the foreclosure process, please do not hesitate to contact our team. We … (1 comments)
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san diego: Could The Housing Market Be Recovering..? - 05/15/12 10:39 AM
CoreLogic released its March Home Price Index (HPI) report which shows that from March 2011 to March 2012, there has been a decrease of 0.6% in home prices throughout the nation. When showing the monthly percentage rates that included distressed sales, from February 2012 to March 2012 there was 0.6% increase in home prices. This was the first month-over-month increase since July of 2011. When you exclude distressed sales the percentage increase was 0.9% from March 2011 to March 2012. Distressed sales are short sales and real estate owned (also known as REO) transactions. “This Spring the housing market is responding … (0 comments)
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san diego: Buying A Home May Never Be Cheaper - 05/09/12 04:02 PM
Right now may be the best time to buy a home. Several housing experts believe that this year may be the last year to take advantage of the weak housing market. With home prices decreased by about 34% and mortgage rates at historic lows, homes have never been more affordable. Stuart Hoffman, chief economist for PNC Financial Services, has stated that housing prices will soon flatten out by the third quarter and eventually start to increase by next year; so this opportunity won’t last much longer. Some factors that will affect the housing market are the decrease in the number of … (0 comments)
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san diego: When Can I Purchase Again After Short Sale, Foreclosure, or Bankruptcy? - 05/09/12 03:48 PM
A question we always receive from clients is, "When can I purcahse again after a short sale or foreclosure?" The matrix below shows the mandatory time frames after a short sale, a foreclosure or a bankruptcy.
(Click The Image For Full Size)
If you are facing foreclosure or have any questions regarding a short sale and the foreclosure process, please do not hesitate to contact our team. We specialize in San Diego Short Sales, Orange County Short Sales and Riverside Short Sales. Also make sure to read our reviews on Yelp, Google, Zillow and Kudzu.
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san diego: Fannie Mae Is Now Treating Loan Modifications As Short Sales... - 05/08/12 03:22 PM
Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage.
In other words: A responsible homeowner, who made their payments on time and received a loan mod for their primary residence will now have to wait three (at least) years before they can purchase their NEXT home (or refi their current residence).
The only exception to the rule: If a homeowner received a loan modification on an “investment property/second home” may receive financing on another property (primary residence … (1 comments)
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san diego: 8637 Jenny Ave. San Diego, CA 92123 | Serra Mesa home | San Diego Short Sale - 05/07/12 12:05 PM
Are you searching for homes for sale in San Diego? If so, don't miss your opportunity for this short sale in Serra Mesa!
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san diego: New Testimonial From A Satisfied Seller | San Diego Short Sale Experts - 05/01/12 01:19 PM
Another testimonial from a satisfied client. We assisted Tanya in the short sale of her condo. She had a first mortgage with Chase and a second mortgage with Citi. We were able to succesfully negotiate the short sale and were able to get her a check for $23,000 at the close of escrow!
Make sure to read what other clients have been saying about our services!
Yelp – San Diego Short Sale Experts
Google – San Diego Short Sale Experts
Zillow – San Diego Short Sale Experts
Kudzu – San Diego Short Sale Experts
If you are facing foreclosure … (0 comments)
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san diego: 69,000 Foreclosures in March - 05/01/12 01:02 PM
Today CoreLogic released its National Foreclosure Report for March 2012. This report provides the monthly data on completed foreclosures, the 90+ day delinquency rates and the current foreclosure inventory. In March 2012 there were 69,000 completed foreclosures compared to the 85,000 in March of 2011. February of 2012 had 66,000 completed foreclosures. Compared to last year’s 232,000 foreclosures in the first quarter, 2012’s first quarter contained only 198,000. Since September 2008 when this financial crisis began, there have been approximately 3.5 million completed foreclosures in the U.S. About 3.4% of all homes with a mortgage (approximately 1.4 million) were in the … (0 comments)
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san diego: 4194 Texas St. San Diego, CA 92104 | North Park Homes | San Diego Short Sale - 05/01/12 12:38 PM
Are you searching for homes for sale in North Park? If so, don't miss your opportunity for this short sale in North Park!
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… (0 comments)
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san diego: Fannie Mae and Freddie Mac To Implement New Short Sale Timeframes - 04/30/12 04:04 PM
Beginning June 15th, Fannie Mae and Freddie Mac, the nation's two largest mortgage backers, will implement their new short sale guidelines. With the new guidelines, mortgage servicers will be required to make a decision within 30 days of receiving a short sale offer. They must also follow the same guidelines for pre-approved shorts sales. If the lender is not able to complete the review in 30 days, they must update the client weekly and complete their review within 60 days of application. The additional time will allow lender to determine values and get approval of the mortgage insurer. The new process … (0 comments)
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san diego: New Testimonial From A Satisfied Seller... - 04/05/12 12:37 PM
Another testimonial from a satisfied seller. We assisted her in the short sale of her Pacific Beach Condo. She originally purchased the condo as her primary residence and was very happy with the home. After getting married, her and her husband purchased a larger home and began renting the condo. Each month they were losing money and the value continued to decline. She reached out to our team and we were able to successfully sell the property, negotiate for a full release of the remaining balance and assist her in mitigating any potential tax liability.
Make sure to read what … (0 comments)
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san diego: Frustrations with Yelp… - 01/31/12 01:12 PM
For anyone reading this that uses Yelp on a personal level, you know how powerful of a resource it is. If you haven’t used Yelp, you should take a look. I have used it to find everything from a restaurant to a doctor. I never go to a restaurant without first checking the reviews and will rarely use any provider or service without checking their reviews. Yelp is an online community of users that locally rate businesses. Here is Yelp’s definition of what they are:
What is Yelp? Yelp is an online urban city guide that helps people find cool places … (2 comments)
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san diego: The Mortgage Debt Forgiveness Act Expiring | 2012 To Be The Year To Short Sale - 01/26/12 05:15 PM
The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007. Generally, the Act allows an income tax exemption for a homeowner that has income realized as a result of a loan modification, short sale or foreclosure.
The Act is set to expire at the end of this year (December 31, 2012). This means that if anyone wishes to take advantage of the benefits of this Act, they must complete their modification, short sale or foreclosure on or before Dec 31, 2011.
Matt Alegi, a partner with the Potomac law firm Shulman Rogers and chair of the firm's … (1 comments)
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san diego: Update On 2011 San Diego Short Sales and Foreclosures - 01/20/12 07:11 PM
The December home sales numbers for San Diego came out and are a good reflection of how the overall market performed for 2011. Close to one third of all sales involved a foreclosure and about 20% of sales were a short sale.
The overall sales numbers were higher than a year ago, but still more than 20 percent below the average number of transactions for the month. There was a small burst of sales activity in December, but not enough to boost the value of homes in the region. San Diego has nearly 4 percent more sales when compared with December … (0 comments)
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san diego: 7120 Shoreline Dr # 2211, San Diego 92122 | Lucera UTC Condo | San Diego Short Sale - 09/29/11 02:24 PM
Are you searching for UTC Condos for sale? Don't miss your opportunity for this short sale located in the Lucera Complex!
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san diego: Senate Bill 458 - SB458 | Senate Bill 931 - SB931 | Short Sale Waive Deficiency Rights | Forgive Balance - 07/29/11 02:13 PM
Senate Bill 458 - SB458 | Senate Bill 931 - SB931 | Short Sale Waive Deficiency Rights | Forgive Balance Governor Jerry Brown signed into law Senate Bill 458 (SB458) on July 15th, 2011. This bill expands the anti-deficiency protection to all second lien residential mortgages on 1-4 unit properties. The bill prevents second mortgage holders from pursuing a borrower after the closing of a short sale for the remaining balance on a loan. (One important item to note is this does not protect someone who goes through foreclosure.) Junior lenders such as a second or third mortgage, including HELOCs can … (0 comments)
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san diego: Point Loma San Diego - 07/15/11 02:35 PM
I am pretty sure that you have heard of San Diego before. It is located right in California and is one of the most popular cities in the world. There are tons of beautiful beaches, property, buildings, and nice places to stay. It is a great community to visit and vacation in. Imagine what it would be like to live that. It would be absolutely incredible. It is a city full of people and you may even see a lot of celebrities walking on the street. If you want to live in San Diego then you should definitely consider living in … (0 comments)
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san diego: Bank of America Short Sales Now Accepting Back Up Offers - 07/12/11 05:20 PM
Bank of America Short Sales Now Accepting Back Up Offers Bank of America sent an exciting email today, notifying everyone that they have updated their short sale procedure to now allow back up offers to be submitted if a buyer falls out. Previously, the file needed to be declined and the process was started over. This is another big step Bank of America has taken to improve their short sale processing times.
Now, if there is a back up offer in place, we are given 14 days to upload the new offer into equator.
You can download their full education guide … (3 comments)
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san diego: 9618 Hillcreek Lane, Santee CA | Approved Short Sale! - 07/05/11 08:32 PM
9618 Hillcreek Lane, Santee CA Short sale was approved at $305,000 with $6,100 towards buyer's closing costs
Santee Short Sale | Santee Real Estate | Santee Homes For Sale
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san diego: Underwater Solutions Webinar | Short Sale Webinar | Glen Henderson & Craig Sewing - 07/05/11 07:05 PM
If you are currently underwater on your mortgage and looking for a solution, you do not want to miss this "Underwater Solutions Webinar" that was hosted by Glen Henderson and Craig Sewing of KCBQ, KPRZ and Real Estate Radio Network. The turnout for this webinar held at 10am on June the 4th was amazing and the response from everyone that attended was even better. During the webinar, all options available to a homeowner when they are underwater and no longer able to afford their home or wish to keep their home were covered. Below is a brief preview of the content … (0 comments)
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