menifee short sale specialist: Menifee Short Sale Specialist-Take The Fear Out of Your Short Sale - 09/12/13 02:47 AM
WWW.MenifeeShortSaleRealestate.com
 
As a Menifee Short Sale Specialist I have been meeting with and providing solutions for struggling homeowner's since 2007. Aside from the homeowners personal situation and hardship, one of the biggest challenges homeowners face is the myriad of information and more importantly mis-information out there on the Internet and through direct mail campaigns. It is sad to see company's make promises and take advantage of homeowners already confused, scared and in a vulnerable state of mind. 
Here are some suggestions to Menifee homeowner's that are struggling to make their mortgage payment and are seeking assistance. 
Call Your Lender First-Your … (0 comments)

menifee short sale specialist: Menifee Short Sale Specialist -Great Value in Homebuying - 09/11/13 10:58 AM
WWW.MenifeeShortSaleRealestate.com
 
Here's some interesting statistics if you are considering purchasing in Menifee vs. our neighboring City of Temecula. Menifee is climbing in population and is just now shy of reaching 100,000 in population. A rapid growing community residents are enjoying new shopping, dining and merchants grand openings on a regular and frequent basis. Menifee is great for commuters traveling the 15 and 215 corridors. To the north is Orange and LA Counties and to the south is San Diego. 
Value in homes is still reachable in Menifee. Compared to Temecula located just 10 miles south you can obtain a home … (0 comments)

menifee short sale specialist: Menifee Short Sale Specialist-Home For Sale - 09/09/13 08:20 AM
Here's a beauty. Located in quiet Menifee Community this home has 4 bedrooms. 3 bedrooms plus the master is located on the first floor. There is a formal living room, dining room, great room and large kitchen. 2 baths on the first floor. Go upstairs and you have a very large loft plus a full bath and bedroom. Perfect for out of town guests or a teen that needs their space. This property is a short sale offered by: 
WWW.MenifeeShortSaleRealestate.com
 
For more details and pricing please contact us at 951-315-3201
 

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menifee short sale specialist: Menifee Short Sale Specialist-Buy Again After Your Short Sale! - 09/09/13 05:36 AM
www.menifeeshortsalerealestate.com
FHA has recently release new Guidelines that allow those that short sold their homes to buy again one year later. 
Mortgage Letter 2013-26 dated August 15, 2013 states the following:
 
'As a result of the recent recession many borrowers who experienced unemployment or other severe reductions in income, were unable to make their monthly mortgage payments, and ultimately lost their homes to a pre- foreclosure sale, deed-in-lieu, or foreclosure. Some borrowers were forced to file for bankruptcy to discharge or restructure their debts. Because of these recent recession-related periods of financial difficulty, borrowers’ credit has been negatively affected. FHA … (0 comments)

menifee short sale specialist: Menifee Short Sale Real estate~~Market Update - 09/05/13 09:19 AM
www.MenifeeShortSaleRealestate.com
The news has been out for some time now and if you haven't heard that the Menifee realestate market has heated up than you might be living under a rock..!!!
 
Inventory is really low. While the traditional seller market is heating up with equity sellers obtaining top dollar we are seeing short sales as the real bargain for first time buyers, investors and those looking to score a deal. But you must act quickly and with vengence. These discounted properties are snapped up sometimes within hours of being placed on the market. 
 
I'm in realestate 24/7 and … (0 comments)

menifee short sale specialist: Menifee Short Sale Specialist 951-315-3201 Another Closed Short Sale - 06/17/12 09:08 AM
We just closed on another short sale. This one was a nice little starter home located In Moreno Valley , Fantastc area in East MV The seller was attempting a HAFA short sale approval prior to contacting me to list the property. He worked on it at extesively and for a long period of time. He was declined the HAFA then he contacted me. we put or boxing gloves on when contacting Bank of America fighting for the relocation assistance he desperately needed. We managed to get him an approval under their short sale cooperative program and he received $2500. Additionally … (0 comments)

menifee short sale specialist: Temecula Short Sale Realtor 951-315-3201 What Does Short Sale Specialist Mean To the Consumer? - 05/01/12 09:24 AM
So lets face it. Every agent out there is calling themselves a 'Short Sale Specialist', 'Short Sale Expert', 'Short Sale Realtor' but what does expert or specialist really mean by definition?      
According to the Websters Dictionary the definition of 'expert' is ..'a person who has special skill or knowledge in a particular field, trained by practice, possessing special skill or knowledge' and the definition of 'Specialist' is ...'a person devoted to one subject or to one particular branch of a subject or pursuit...a medical practioner who deals only with a particular class of diseases, conditions, patients, et..an enlisted person in the … (0 comments)

menifee short sale specialist: Menifee Short Sale Realtor 951-315-3201 Can You Short Sale a Home With Liens? - 04/19/12 07:54 AM
I get this question asked of me all them time when meeting with clients in Menifee, CA. The simple answer is yes! You can definitely and successfully sell on a short sale with liens. There are many types of liens. The most common lien is a 2nd lienholder. This means you have the primary mortgage and a 2nd mortgage. In this situation it is common that the first lienholder pays off the 2nd lienholder during the short sale. The payoffs I have seen are anywhere from $4K and $8K. The good news is there is little incentive for the 2nd lienholder … (0 comments)

menifee short sale specialist: Menifee Short Sale Realtor 951-315-3201 Saving Money If You Short Sale - 04/12/12 03:47 AM
I recently met with a divorced single mom that was struggling with the decision on whether or not to short sale her home in Menifee CA. First I wanted to make sure she contacted the bank and went through the appropropriate steps (I always recommend this to anyone considering a short sale). Her interest rate is 6% and her payment is $3200 per month. She did attempt getting the interest rate down by refinancing but since she didn't have any equity in the property the lender denied her. So her next step was to try for a loan mod. She was … (2 comments)

menifee short sale specialist: Menifee Short Sale Realtor 951-315-3201 What To Look For In A Short Sale - 04/11/12 06:26 AM
If you are a buyer trying to get into a Short Sale property you already know the competition is fierce. You have to act fast when you see a property and be prepared to write up an offer quickly. You need an agent that is in constant contact with you and is willing to go above and beyond.
Hobbyist Realtors just won't do in this market so make sure the Realtor you hire understands the market conditions and is experienced in Short Sales Agent.
When persuing a property, here are some hints that will help you gain a competitive advantage.
Be … (0 comments)

menifee short sale specialist: Menifee Short Sale Realtor 951-315-3201 Q1 Short Sale Market Update - 04/10/12 09:12 AM
The Menifee Market Update for Q1 is Brought To You By Team Sherry 'K'-Short Sale Specialist. We Help Homeowner's Avoid Foreclosure Through Education Allowing Homeowner's To Make An Informed Decision.
We Primarly Serve the Temecula and Menifee Valley's however we have several clients that spread throughout Southern California. We Are The Premier Choice When Selecting a Menifee Short Sale Realtor. Just Ask Any of Our Clients!
ACTIVE LISTINGS-As of Tuesday, April 10 there are currently 300 Active Short Sale Listings in Menifee, Sun City. The minimum sales price is $29,900 and 727 square feet with the maximum sales price is $1,790,000 and 5350 square … (0 comments)

menifee short sale specialist: Temecula Short Sales 951-315-3201 Another Successful Closing - 04/10/12 02:21 AM
I am ecstatic to announce we had another successful closing on one of my short sale listings. My client is a single mom with one 7 year old child. A recent divorce, decline in income and changing jobs was the catalyst to move forward with the short sale. She tried to refinance and get her interest rates down, than tried a loan mod but the bank couldn't offer a solution that would work for her new financial situation.
She contacted me just before the 2011 holidays. We met and I explained the process in great details. As you can see from … (0 comments)

menifee short sale specialist: Don't Pay Any Upfront Fees For Your Loan Mod or Short Sale - 01/05/12 09:37 AM
Menifee, CA I recently met a client that inquired about a short sale. My process of pre qualifying a candidate for a short sale is to be certain the borrower has gone through the necessary steps to save their home.
I was really surprised to hear there are still company's out there that continue to charge upfront fees in hopes of providing a solution.
My message to the public is PLEASE...do not pay one thin dime to any company out there trying to collect fees for getting you a loan modification or short sale. There are government regulations that restrict this practice.
One … (2 comments)

menifee short sale specialist: How To Ensure Accurate Appraisals And A Successful Menifee Short Sale - 12/01/11 02:11 PM
Menifee CA – The biggest threat to your short sale is a high appraisal. Which is why your agent needs to make sure the appraisal is accurate.Here is the process your agent needs to follow to ensure an accurate appraisal
The person doing the appraisal doesn’t understand why the home is selling for a specific sales price. They don’t understand why buyers are only willing to pay X. That is why your agent must explain that to them.First, your agent should always meet them at the property and bring a detailed Comparable Market Analysis (CMA) with them.The CMA should include at … (0 comments)

menifee short sale specialist: How do I find a Menifee Realtor that specializes in short sales? - 12/01/11 08:23 AM
Menifee CA – Why is it so important to select the right agent to short sale your house? I'll tell you why. If you pick the wrong agent you risk losing your house to foreclosure and you will not be able to buy another home for the next 5 to 7 years! You will only have one chance to short sell your home and if you select an inexperienced agent, this will have long term effects on you personally and financially. So needless to say this will be a major decision when hiring an agent.
First of all. Look for a … (0 comments)

menifee short sale specialist: Menifee Short Sale The Biggest Threat To A Successful Menifee Short Sale - 11/22/11 11:02 AM
Menifee CA – Banks order an appraisal before approving a short sale. As a short specialist we know the  biggest threat to a successful short sale closing is the appraised value. Banks are strictly making their decision based on economics.
A bank will approve a short sale only if they think they will net more money taking the short sale offer. To make sure they aren't selling the house for too little, they order an appraisal.The problem is that most homes are selling for less than appraisal. In one example, a non short sale listing sold for 225k. However, the property … (0 comments)

menifee short sale specialist: Menifee Short Sales: What makes a good short sale realtor? - 11/21/11 08:39 AM
Menifee CA – A good short sale realtor will mean the difference between success and failure on your short sale. If you are working with a seasoned professional, the entire transaction should be as transparent as possible. The agent understands you are already under alot of stress and makes every effort to comfort you during difficult times. Here are some of the qualities that make a good, effective short sale realtor.
Persistence. Short sales are frustrating. Many times you will feel like giving up. Many times you will feel like you have finished the task. The short sale will be approved.Then, … (0 comments)

menifee short sale specialist: Menifee Short Sales Should Your Agent Check On The Accuracy of an Appraisal? - 11/21/11 07:57 AM
Menifee, CA. Is your agent going the extra mile to ensure that the appraisal on your home is correct and accurate? This is a very important step that should not be overlooked. This can also make the difference between closing a a successful short sale or the bank foreclosing on your home.
Here's an example of what happened to an agent that either did not understand the local market well enough or decided it was too much extra work.
The buyer's came in with an offer. For demonstration purposes we will say the buyer's offer was $200K on a property. The bank … (0 comments)

menifee short sale specialist: Menifee Short Sales When Should A Bank Accept A Buyer's Offer? - 11/17/11 11:46 AM
Menifee CA – A bank should accept your short sale when the following rules apply. All banks and servicers have a fiduciary duty to the investor of the loan.There are 2 possible scenarios. Either your bank owns the loan or the loan is owned by an investor. In either case there is a fiduciary duty by the negotiator to get the highest offer.
The agent hired to do the job of selling your home as a short sale needs to understand this and also be able to provide proof to the lender the activity of the property since it was placed … (0 comments)

menifee short sale specialist: Menifee Short Sales-New HARP Program Update - 11/17/11 10:54 AM
The latest I have heard is the new HARP Program has taken effect. Experts are calling it the Harp 2.0 program, a revamped program from 2009.
The word in the industry is homeowners that have been current with their payments for the last 6 months and had the loan secured prior to 2009 and are owned by Freddie or Fannie should contact their lenders and be on the front end of the process before lenders getted bogged down with requests.
So check out my previous post on how to see if you loan is owned by Freddie or Fannie and contact … (3 comments)