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In Praise of Pre-Inspections for SELLERS - 01/31/12 07:34 PM
If you're planning on selling your home in Santa Monica, and don't want any surprises when the buyer brings their inspector; a pre-inspection is the way to go. I'd say it saves you money, and potentially makes you money. Just as important as staging.
Via Charles Edwards Bentonville,AR REALTOR Bentonville real estate agent and broker (Coldwell Banker Harris McHaney & Faucette 479-253-3796 ):
Dear Home Seller,
I know that when it is time to list your home you will have many opportunities to spend money on a property you are ready to leave behind. In fact it seems that by the time you call a … (4 comments)
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Have You Ever Wondered, "Why Would A Lender Agree To A Short Sale?", Santa Monica, CA Series 7 - 01/26/12 03:47 PM
As an agent I can tell you that houses sell better with someone living in them. Even if it’s not an entirely clean house. It has a warmth and personal feel to it. Vacant houses tend to have a cold empty feel to it. In terms of a business decision it’s better for the lender to work with a homeowner doing a short sale. See below for more info, Series 7, from CAR legal issues on short sales. Q 7. Why Would A Lender Agree To Accept A Short Sale? A Lenders may have ample incentive to negotiate a short sale … (2 comments)
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Santa Monica Open House, "Don't Stop The Party", BEP, Music Mondays - 01/23/12 08:04 PM
It’s Monday!! I thought I would keep the party going from our open house this Sunday in Santa Monica. The weather was gorgeous. We had a steady flow of buyers and agents. Lot’s of people smiling, happy to be out and looking at homes. 90% of the people coming through were serious buyers. We had really good conversations with people and they are really movtivated by the amazingly low interest rates. We had the pleasure of calling our Seller today about 2 offers being written from the open house! Ya! We love making those calls!! I’m dedicating this Monday and all … (1 comments)
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Open Today, 1/22, 1-4pm, 1144 10th St, N. of Wilshire, 2 + 2 Condo - 01/22/12 02:21 PM
North Of Wilshire, Santa Monica, Short Sale Scan me with your smartphone to bookmarkour mobile website at http://santamonica.realbird.com … (3 comments)
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Homeowners Harmed During Foreclosure Process Have Rights! Feds Are Conducting A Review. - 01/19/12 02:58 PM
If you were one of the unfortunate homeowners that did a foreclosure and were financially harmed. You may have some support from the Feds. F%@##$ Finally!! I hate the way homeowners are treated! If your home was involved in the foreclosure process during January 1, 2009 and December 31, 2010. Then the Fed's want to hear from you. I highly encourage all homeowners that believe they were or may have been financially harmed to participate in this review. You may be out of the woods since it was 2009 and 2010. However, there are many homeowners slogging through your … (6 comments)
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I'm Considering A Short Sale On My Home In Santa Monica, CA. Can My Lender Sue Me? Series 6 - 01/18/12 07:15 PM
I'm Considering A Short Sale On My Home In Santa Monica, CA. Can My Lender Sue Me? Is a question that comes up from luxury homeowners considering a short sale. Please read further for information directly from the CAR legal series on short sales. Q 6. Can a lender avoid the "foreclosure process" and just sue the borrower on the note (i.e., treat it as an unsecured note)? A No. In the event of a borrower's default, the lender has two options--a judicial foreclosure or a trustee's sale foreclosure (either one is referred to as the "foreclosure process"). However, a lender … (0 comments)
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OWN, Suze Orman Money Secrets Revealed: Loan Modifications - 01/11/12 12:46 PM
So if you're considering a loan modification on your home in Santa Monica? Watch this video: Did you watch this show? The show goes on, and Suze recommenced this woman, Dierdre, let her house go to foreclosure. Dierdre is unemployed, underwater in her home, and in a trial period for a loan modification.
You'll hear what happens to your credit when you work toward a loan modification or loan forbearance. If you're in a trial period, that does not mean you will be granted a loan modification. You could owe the difference between your lowered payments and full payments after … (4 comments)
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"Can A Lender Obtain A Deficiency Judgment Against A Defaulting Borrower Following Foreclosure?" Series 5 - 01/10/12 06:17 PM
One of the top questions Seller's ask when deciding to pursue a short sale. Will I be responsible for the unpaid balance, "deficiency" amount for my loan? See below for info on CA, anti-deficiency statues take from CAR legal services. Be informed, make the best decision you can with relevant information.
Q 5. Can a lender obtain a deficiency judgment against a defaulting borrower following foreclosure?
A It depends. California has "anti-deficiency statutes" that protect certain borrowers from deficiency judgments. A trustee's sale foreclosure does not involve the courts and does not permit the lender to go for a deficiency judgment. In order … (6 comments)
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Aurora Bank, Trouble Closing Short Sale Escrows This January, Hold On... - 01/09/12 07:59 PM
Aurora Bank, Trouble Closing Short Sale Escrows This January, Hold On...
This just in from our legal dept., we recently became aware of a problem with Aurora Bank transactions that we thought you should know about. Specifically, we have been informed that no deals involving an Aurora asset will close before January 24, 2012, at the earliest. Rather, Aurora has stated that every deal scheduled to close in January needed to be extended for a minimum of 15 days. In fact, although they are only requesting 15 days, Aurora presently has no specific closing time frame, and therefore does not … (164 comments)
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"Under what circumstances is the lender prohibited from going after the "deficiency balance" ?" CA Short Sale Q & A. Series 4. - 01/05/12 04:43 PM
"Under what circumstances is the lender prohibited from going after the "deficiency balance" ?" CA Short Sale Q & A. Series 4. Deficiency Balance is defined in a previous post.
Q 4. Under what circumstances is the lender prohibited from going after the "deficiency balance" as defined in Question 3 after a short sale?
With the passage of SB 458, effective July 15, 2011, after the short sale of a residential property of one-to-four units, the holder of any senior or junior deed of trust cannot pursue the borrower (seller) for any deficiency under the note. If the lender consents to the short … (6 comments)
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"What Is A Deficiency Judgment?" Short Sale Questions & Answers In CA. Series 3. - 01/04/12 08:11 PM
"What Is A Deficiency Judgment?" Short Sale Questions & Answers In CA. Series 3. Q 3. What is a deficiency judgment?A A deficiency judgment is a judgment obtained by the lender in court against the borrower for the difference between the unpaid balance of the secured debt and the amount produced by sale or the fair market value of the security, whichever is greater, in a judicial foreclosure. (Cal. Code Civ. Proc. § 726 (b).) A lender may obtain a deficiency judgment only with a judicial foreclosure. With a trustee's sale foreclosure, the lender cannot go after a deficiency judgment. With … (0 comments)
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Kim & Kristine Halverson Realtors® Santa Monica Real Estate, CA
Santa Monica,
CA
More about me…
www.KimAndKristine.com, Santa Monica Real Estate :)
Address: 3130 Wilshire Blvd Suite 100, Santa Monica, CA, 90403
Office Phone: (310) 737-8173
Cell Phone: (310) 309-9130
Email Me
Author Bio: Kim & Kristine Halverson are Realtors in Santa Monica at Prudential CA Realty. Kim & Kristine are sisters, and have close to 20 years combined experience serving buyers and sellers in real estate.
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