Fred Sed's Blog

California Orange County Short Sale Realtor: Foreclosure Prevention Specialist

Fri, 27 Nov 2009 15:36:32 -0600

What Areas Can We Short Sale Properties In?

When it comes to short sales and what areas or cities we cover, it is the same as our traditional sales. We cover the entire Southern California area. We have agents that cover Los Angeles County, Riverside County, San Bernardino County, and Orange County. I do cover all of Orange County and Riverside County.

So if a short sale is the next step for you, a friend, or family member, and they are located anywhere in Southern California, then do contact me. Our short sale negotiation company covers the entire nation and if you are anywhere other than the Southern California area you can contact us and we can refer you to the right person.

We can short sale all residential properties. Whether it is a condo, single family residence, or residential multi unit property, we can take care of it. As long as there are less than four units to the property, we can assist you in the short sale process. If there are more than four units then that would be a commercial property. We do not short sale commercial properties, but we can refer you to someone who does.

The housing market is very fragile at the moment and the level of homeowners who are in default has risen and will continue to rise for sometime to come. Not a lot of the homeowners know about the short sale process and they just feel that there only option is to walk away from there home and let it foreclose. We do all we can to educate everyone out there about this process and show them that they can avoid foreclosure and that they don't have to give up and let the bank foreclose.

If you know anyone who is in financial hardship and can not make there mortgage payments contact us immediately. The difference between and short sale and a foreclosure is big, and will have a lasting effect one way or another.

Orange County Foreclosure Short Sale Expert Realtor

Fri, 27 Nov 2009 15:35:57 -0600

Can I Short Sale My Own Home?

Short selling your own home is a question that comes up quite often. The answer to this would be NO, this would be illegal. Neither the homeowner themselves or a friend or family member can short sale the property. A short sale must be an Arms Length Transaction, which means exactly what I have stated above. No one who is involved with the defaulted owner can assist them in the short sale process.

A short sale is when a bank or mortgage lender agrees to decrease the balance of the mortgage amount that is due, in order for a short sale to work and be successful. They would only agree to this process if the homeowner has a legitimate financial hardship. The bank or mortgage lender does not want the homeowner to profit in anyway and by a friend, family member, or themselves conducting this process, they feel that a profit would be involved.

If a short sale has begun and the process is under review, and if the bank finds any evidence that this is not an arms length transaction, then they would stop this process and would not allow this homeowner to short sale there home. Meaning that they would have lost there only chance to avoid foreclosure.

Another question about short sales is whether or not a defaulted homeowner can go down to there local banks branch or mortgage lenders office and talk to them about reducing there balance. 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 of a short sale are done by me (your broker) and my short sale negotiation company. We deal directly with the specific banks loss mitigation company.

ORANGE COUNTY SHORT SALES || OTHER OPTIONS BESIDES FORECLOSURE

Fri, 27 Nov 2009 15:32:06 -0600

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

ORANGE COUNTY SHORT SALES : CAN'T MAKE YOUR MORTGAGE PAYMENT / Southern California

Fri, 27 Nov 2009 15:31:34 -0600

Short Sale Process In Orange County CA

Short Sale Video By Fred Sed

List your home with Fred Sed, Orange County Short Sale Agent

YOUR ORANGE COUNTY SHORT SALE REALTOR at 949-274-3733

IS YOUR HOME WORTH LESS THAN YOU PAID AND LESS THAN YOU OWE THE BANK? YOU'RE NOT ALONE.......

MOST PEOPLE WHO PURCHASED A HOME DURING THE LAST 4-5 YEARS ARE IN THE SAME SITUATION IF THEY DIDN'T PUT 30% DOWN! IS YOUR LOAN ADJUSTING TO AN AMOUNT YOU CAN'T AFFORD? YOU HAVE BEEN MAKING THE PAYMENTS ALL THIS TIME, BUT NOW YOU CAN'T REFINANCE BECAUSE THE VALUE IS DOWN AND THE LOAN YOU NEED IS NO LONGER AVAILABLE? YOU ARE NOT ALONE.

IF YOU ARE AT THE POINT THAT YOU CAN NOT MAKE YOUR HOUSE PAYMENTS ANYMORE BECAUSE OF DECLINING VALUES, REDUCED INCOME, YOUR LOAN RECASTING/RESETING, OR ANOTHER FINANCIAL HARDSHIP DO THE DIGNIFIED THING...... SHORT SALE YOUR HOME DON'T LET THE BANK FORECLOSE. IN A SHORT SALE, YOU LIST YOUR HOME JUST LIKE ANY OTHER HOME. WHEN YOU RECEIVE AN OFFER I SUBMIT THE OFFER TO YOUR BANK AND NEGOTIATE WITH THEM TO TAKE THE OFFER AND TO WRITE OFF THE DIFFERENCE YOU OWE THEM (There could be some tax liability if you don't qualify for the new law that was just passed. Call me and I can probably answer this for you) . WHEN THIS IS SUCCESSFUL, YOU PACK UP AND MOVE FROM THE HOME JUST LIKE YOU WOULD IF YOU SOLD THE HOME TRADITIONALLY. YOUR NEIGHBORS, FRIENDS, AND FAMILY WON'T KNOW THE DIFFERENCE.

Why would a bank let you Short Sale your home? Because the bank will normally get more money for the home in a short sale with the owner still maintaining the home, then if the home was vacant for 6 months, left abandoned, and foreclosed upon.

IF YOU LET THE BANK FORECLOSE, EVERYONE WHO WANTS TO KNOW WHAT'S GOING ON WILL. YOU'LL HAVE NOTICES POSTED ON YOUR DOOR, THE HOME WILL APPEAR ON A VARIETY OF PUBLIC WEBSITES AND PUBLIC PRINTS, AND FINALLY, WHEN THE LENDER OWNS THE HOME THEY CAN ADVERTISE IT AS A FORECLOSURE WITH LARGE SIGNS POSTED IN THE WINDOWS AND/OR FRONT LAWN.

IF YOU ARE INTERESTED IN SHORT SELLING YOUR HOME, CALL YOUR ORANGE COUNTY SHORT SALE REALTOR FRED SED 949-274-3733 WHAT DOES IT COST YOU? NOTHING, THE LENDER WILL PAY THE COMMISSIONS IN A SUCCESSFUL SHORT SALE

There are so many questions that owners ask when they are considering a short sale. If you are one of them, please visit my Orange County Short Sale FAQ page on my website. If you have more questions just call me. I'm easy to talk to and I'm not here to judge you. I will give you my opinion and that's all. Some short sales listings I won't take because I don't think they will work. Just call me and I can normally tell you if I think a short sale will work over the phone. It doesn't cost you anything to talk and to get advise. Keep in mind, I only get paid by the lender if I'm successful in the short sale. What do you have to loss? If you do nothing, you will get forecloses on anyway, right? Please give me a chance to help you make things right. You won't be sorry. Fred Sed, Orange County Short Sale Realtor.

Call - Fred Sed, Orange County Short Sale Realtor 949-274-3733

Orange County Short Sales Realtor Specialist – AVOID FORECLOSURE / Southern California

Fri, 27 Nov 2009 15:30:52 -0600

Having Trouble Paying Your Mortgage?

Location:
27281 Las Ramblas
200
Orange County, CA 92691

Map and Directions

Single Family Home

Description

Fred Sed of The Pahua Group specializes in seller representation of Short Sales or Pre-Foreclosures. He can help you avoid foreclosure by way of this process. There are many different scenarios that may work or qualify. Contact Fred at 949-274-3733 to see if he can save you from going into Foreclosure.

Photos

Listed by

Fred Sed

Phone: (949) 274-3733

Listing agent/broker: Keller Williams

Orange County Foreclosure Prevention Specialist Short Sale Realtor

Fri, 27 Nov 2009 15:30:02 -0600

How does a homeowner benefit from a short sale?

First and foremost, it relieves the stress of being in foreclosure and being hounded by the mortgage lender; and it allows homeowners to get rid of their big mortgage payment and move on with their lives. A short sale allows you to stop the foreclosure and get a fresh start. In our experience, this is the primary benefit to homeowners. They are tremendously thankful to just relieve the burden that their home and mortgage have become.

A short sale also prevents additional damage to your credit. Having some late payments and a foreclosure filed has already done damage to your credit. However, a completed foreclosure will do much more damage and lower your credit score tremendously. Obviously, if you have to declare bankruptcy, that is a huge black mark on your credit. A short sale results in the mortgage actually being paid off, which reflects positively compared to a foreclosure.

Why would a bank or mortgage lender want to do a short sale?

A common saying is that banks are in the business of lending money and do not want to own real estate. This is slightly misleading but is essentially true. When a bank takes a property back via foreclosure, it is a long and expensive process and often results in holding the property in their inventory as a non-performing asset. Banks have a limit to the amount of non-performing assets they want to hold. Once this limit is exceeded, they have strong incentive to get rid of the properties at discount prices.

For a lender, doing a short sale avoids many of the costs associated with the foreclosure process. Attorney fees, delays from borrower bankruptcy, damage to the property, costs associated with resale, property tax, insurance, etc. all must be paid by the bank during a foreclosure. In a short sale scenario, the lender is able to cut its losses by getting rid of the property faster.

Please call our offices today to see if you do qualify for a short sale, it is FREE for you and has a HUGE positive impact on your future!

Fred's Short Sale Video's

Fred Sed

(949) 274-3733

ORANGE COUNTY SHORT SALE HELP || WHAT ABOUT INVESTOR OFFERS?

Fri, 27 Nov 2009 15:29:14 -0600

Should I accept a short sale offer from an investor?

Obviously this is up to each individual, but we believe the only real reason to reject an offer is because you know that you will have a tax problem. Again, most sellers who have a short sale qualify as insolvent with the IRS and can therefore avoid taxes on the short sale if the deal is properly negotiated. Otherwise, neither you nor your Realtor should have a concern about the price.

Investors do not want to waste time with low ball offers either so you can be assured that if they place an offer, they have reason to believe it could be accepted. If you need to sell your home, the quickest and surest way to do so is through an experienced short sale investor.

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

SHORT SALE ASSISTANCE FOR FREE || SOUTHERN CALIFORNIA

Fri, 27 Nov 2009 14:49:21 -0600

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 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.

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

SHORT SALE REALTOR IN ORANGE COUNTY || AVOID FORECLOSURE

Fri, 27 Nov 2009 14:48:09 -0600

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

Yes, you can and it 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.

As described in an earlier answer, a typical short sale situation is one like this:

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.

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

Fri, 27 Nov 2009 14:43:27 -0600

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.

Orange County Rentals above $5,000 per month

Fri, 27 Nov 2009 14:42:38 -0600

If you are in the market for a Luxury Propertiesfor rent please contact Fred Sed of The Pahua Group for

further details.

Fred Sed

949-274-3733

FredSed@PGcoastal.com

Keller Williams Realty

Licensed by the CA Department of Real Estate

WE CAN HELP YOU LEASE : RENT YOUR ORANGE COUNTY HOME

Fri, 27 Nov 2009 14:41:46 -0600

LIST YOUR ORANGE COUNTY HOME FOR RENT / LEASE

CONTACT FRED SED 949-274-3733

IF YOU HAVE A PROPERTY / HOME IN ORANGE COUNTY AND YOU WOULD LIKE TO RENT OR LEASE IT. PLEASE

CALL FRED SED OF THE PAHUA GROUP TO LEARN MORE ABOUT HOW THIS CAN HAPPEN! FRED SPECIALIZES IN

THE ORANGE COUNTY RENTAL MARKET AND KNOWS WHAT IT TAKES TO FIND A QUALIFIED TENANT TO OCCUPY

YOUR PROPERTY!

*HE IS EXPERIENCED IN THE TENANT SCREENING PROCESS

HE HAS A STEP BY STEP PROGRAM FROM WHEN A PROSPECTIVE TENANT FIRST CALLS, TO WHEN THEY MOVE

INTO THE PROPERTY

*HIS SERVICE IS #1

*HE CARES ABOUT EACH AND EVERY ONE OF HIS CLIENTS

*HIS MARKETING SKILLS ARE AT THE TOP OF HIS CLASS

CALL FRED NOW TO RECEIVE ALL THE SERVICES THAT YOU REQUIRE AND DESERVE WHEN IT COMES TO LEASING / RENTING YOUR HOME.

FRED SED

THE PAHUA GROUP

949-274-3733

FREDSED@BROKEROC.COM

PROPERTIES FOR RENT IN COSTA MESA, CA

Fri, 27 Nov 2009 14:38:27 -0600

PROPERTIES FOR RENT IN COSTA MESA

If you would like to view all the available rental properties in Costa Mesa CLICK HERE

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

DANA POINT RENTALS

Fri, 27 Nov 2009 14:37:25 -0600

VIEW ALL OF THE DANA POINT RENTALS FOR FREE AT: HTTP://WWW.PGLEASES.COM

THIS IS A VERY USER FRIENDLY WEBSITE THAT HAS ALL THE PROPERTIES THAT ARE AVAILABLE.

CALL FRED SED WITH ANY QUESTIONS (949) 274-3733

SOUTH ORANGE COUNTY RENTAL HOMES & PROPERTIES

Fri, 27 Nov 2009 14:36:06 -0600

SOUTH ORANGE COUNTY AVAILABLE RENTAL PROPERTIES

When it comes to South Orange County, there are a variety of options when it comes to cities. The

following cities are in South OC:

Irvine, Laguna Hills, Lake Forest, Aliso Viejo, Foothill Ranch, Portola Hills, Trabuco Canyon, Coto De Caza,

Laguna Niguel, Laguna Beach, Dana Point, San Clemente, Ladera Ranch, Mission Viejo, San Juan

Capistrano.

If you would like to view the available rental properties in any of these cities please CLICK HERE

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

OC Short Sale Realtor : Foreclosure Prevention Specialist: Avoid Foreclosure

Fri, 27 Nov 2009 14:33:26 -0600

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, 27 Nov 2009 14:32:48 -0600

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, 27 Nov 2009 14:30:50 -0600

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.

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, 27 Nov 2009 14:29:50 -0600

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, 27 Nov 2009 14:28:33 -0600

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, 27 Nov 2009 14:26:14 -0600

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, 27 Nov 2009 14:25:10 -0600

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, 27 Nov 2009 14:24:15 -0600

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, 27 Nov 2009 14:19:54 -0600

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, 27 Nov 2009 14:15:49 -0600

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.