Israel Gonzalez's (ighomesdotcom) Blog

Hollister CA – A lot of homeowners want to short sale and walk away from the upside-down debt. They don't feel it's their fault the housing market crashed. We get the following questions a lot. "If I short sale, then how likely is it that my lender will sue me to repay?" "Will my lender garnish ...

Hollister CA – The Stop Foreclosure Institute recently received a question from Amit. Here is his question. "Why does my lender need copies of my last two pay stubs? Are they hoping to garnish my paycheck? I am concerned that if I give it to them, then they will use it to garnish my paycheck. Th...

Hollister CA – The Stop Foreclosure Institute recently received a question from Will. Here is his question. "I am thinking of short selling my house. There are some problems with the house. I know that most home buyers get a home inspected before they buy it. Do I have to tell them about the pro...

Hollister CA – Many agents think a short sale lender will not look at a file until the short sale file is perfect. "I need your financial information, last two years of tax returns, last two pay stubs, last two month's bank statements, and all the other short sale paperwork before I can submit t...

Hollister CA – Some people think they can go around a homeowner and buy a home directly from the bank. "The seller has to submit our offer to the bank because the bank owns the house," they tell us. They assume they can sidestep the seller and buy the house directly from the bank. The truth is t...

Hollister CA Homes– The Stop Foreclosure Institute recently talked with a homeowner whose home had been sold on the courthouse steps. We asked if she had considered selling the home as a short sale. "I did, but I heard that short sales are difficult and not worth trying. My friend told me the ban...

Hollister CA – The Stop Foreclosure Institute recently received a question from another agent. Here is her question. "I have a short sale listed. At what time in the short sale process do you stop accepting additional offers for submittal to the lender? If you accept another offer after you've al...

Hollister CA – I recently saw an article written by a prominent, so-called short sale expert. In the article, this supposed expert said the only rules for short sales are HAFA, but even those rules are subject to interpretation. That's like saying there are no traffic laws. If that were the case...

Hollister CA – If you have negotiated a short sale or loan modification, you've probably heard the lost paperwork excuse. "Oh, we lost your paperwork. Please refax it to this number," the lender's representative tells you. I have heard this excuse countless times. No one can lose paperwork that ...

Hollister CA – You may wonder why a sales contract says the seller pays for certain costs and yet the bank covers the costs. Here's how it works. The sales contract may have a certain clause say: "Seller to pay title and seller's documentary stamp taxes." How does the bank pay that cost if it sa...