temecula and murrieta short sale specialist: Are Resetting Mortgages causing more short sales in 2015? - 06/10/15 02:51 PM
Are Resetting Mortgages causing more short sales in 2015? Yes,just when it looked like it was over for short sales they have picked up again inpart due to many homeowners not being able to afford the raise in their mortgage payment.This time the number one cause is unaffordability. Many homeowners that 
were given a loan mod 5 years ago are now getting letters from their lenders 
with major price adjustments to their house payments.
These price hikes are large and are now forcing homeowners to default on their payments and seek help from their lenders for a second or third time. This time most … (3 comments)

temecula and murrieta short sale specialist: There are benefits when doing a short sale in CA. - 11/27/14 03:09 AM
There are benefits when doing a short sale in CA.
California homeowners that find themselves having to do a short sale have some benefits not found in other states. Calif state law does not allow the sellers bank/lender to ask the seller to contribute any funds toward the sale of the property. It's also state law that the bank or lender can not come back after the short sale seeking any payment toward the deficiency. When the short sale is approved and closed it's over with no recourse.
Calif homeowners also do not have to worry about the IRS or state seeking tax … (2 comments)

temecula and murrieta short sale specialist: Temecula & Murrieta Short Sale Agent market report. - 09/20/11 06:47 PM
Temecula & Murrieta Short Sale Agent market report. 
Were over half way through the year and short sale activity has not slowed down here in the Temecula & Murrieta area. Per foreclosure radar Temecula zip code 92592 is in the top ten areas in Riverside for increased short sale activity. Murrieta zip 92563 is also showing an increase in short sales.
The fear of foreclosure has caused more sellers to seek out short sale experts. Many banks are reaching out to homeowners offering them incentives to use the short sale option.
One of the most popular short sale programs is the HAFA … (5 comments)

temecula and murrieta short sale specialist: Beware of the high offer in a short sale,it could cause foreclosure! - 08/17/11 03:53 PM
Beware of the high offer in a short sale,it could cause foreclosure!
Think twice before jumping to accept the highest offer on your short sale. The offer that comes in at asking or near it may really be the better offer for your home. In a standard sale and market our eyes always dart to the offered price on a purchase contract. With a short sale you need to think differently.
Here is just one reason to maybe reject that offer......
You accept the highest offer and your agent and you work hard for 3 to 5 months to get the … (11 comments)

temecula and murrieta short sale specialist: SB 458 signed into law by California Governor Jerry Brown. Short Sale Relief. - 07/18/11 07:08 PM
SB 458 signed into law by California Governor Jerry Brown. Short Sale Relief.
If you have to sell you home in California and you owe more to your lenders than it is worth then SB 458 is important news for you. Below is a one minute video on how this will affect a short sale in California.
SB 458 signed into law by California Governor Jerry Brown
 
(4 comments)

temecula and murrieta short sale specialist: More Good News on California Short Sales! - 07/18/11 03:08 AM
More Good News on California Short Sales! 
Last week I bloged about the good news for Short sale sellers with Bank of America loans.
This week there is more good news for all sellers in California that find themselves having to sell via a short sale.The latest good news comes in the form of SB 458. This senate bill was signed into law by our Governor.   
SB 458 extends the protections of SB 931. It ensures that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the outstanding … (4 comments)

temecula and murrieta short sale specialist: Good News.Video update on the new Bank of America Short Sale policy. - 07/15/11 07:05 PM
Good News.Video update on the new Bank of America Short Sale policy. 
Earlier this week Bank of America emailed a notice to many Realtors with this good news.
If in a short sale the buyer walks/cancels their offer we no longer need to start the short sale
process all over from the beginning!
(2 comments)

temecula and murrieta short sale specialist: Short Sale Straight talk with a Temecula short sale specialist. - 06/24/11 02:42 PM
Short Sale Straight talk with a Temecula short sale specialist.A Video blog with some updates on the most asked questions I get concerning the short sale.The most asked question is always about what happens to the shortage/deficency at the end of a short sale,will the bank come after me/seller for it? Watch this video for my straight and to the point answer.
(1 comments)

temecula and murrieta short sale specialist: Who took the Air Conditioner - 03/12/11 01:31 PM
Who took the Air Conditioner 
I have a Temecula short sale set to close next week and the buyer just did the walk thru inspection.This home is a former model home and in a gated community. Boy was I surprised to find that this homehad been vandalized,someone removed the A/C unit.
This home is vacant and the owner has not keep up the insurance. The lender has issued the short sale approvalletter with an "as is" clause and will not replace the unit. This could be a deal killer. The seller will not help,he ispast caring about the out come. I … (6 comments)

temecula and murrieta short sale specialist: Short Sale Welcome Call - 12/27/10 06:05 PM
Bank America is trying something new again.Below is a copy of an email I received from Bank of America today.

 
Thank you for initiating a short sale with Bank of America.  Our welcome team will be attempting to contact you within the next five business days. This team is committed to preparing you for the short sale process and answering any questions you may have. Enclosed is an overview of the process including key information to successfully complete a short sale. This information will be discussed during the welcome call, as well.
Please be aware that the welcome call … (10 comments)

temecula and murrieta short sale specialist: 33251 Embassy Ave, Temecula CA 92591 "The Fairway" a gated golf course community! - 10/23/10 04:38 PM
Temecula Redhawk Gated Community … (3 comments)

temecula and murrieta short sale specialist: Bank of America Cooperative Short Sale Program Listings,better than REO's - 10/21/10 04:34 PM
Bank of America Cooperative Short Sale Program Listings,better than REO's 
This is Bank of America's version of the pre-approved HAFA short sale.Seller's in default are being offered the Cooperative Short Sale Program and told to reply withinone week to enroll.Part of this program is to choose a local Realtor.
I have been contacted today by a seller today to represent him in this program.The information/rules to this type of sale are very simple and I believe this will be one of my fastestBank of America Short Sales ever.
I will keep you posted.Below is a copy of the program as laid … (6 comments)

temecula and murrieta short sale specialist: What's a RASS? - 10/18/10 06:57 PM
What's a RASS?
It stands for... Request for Approval of Short Sale. The RASS is a form used with the HAFA program. This form is used when you have a short sale in progress and have an offer on the property.I have used this form to jump start short sales I have had in progress and have not received a reply from the lender and feel it's stalled out.If the seller qualifies for the HAFA program the RASS will get your short sale back on the fast tract.Once the lender has received this form things start moving.The rules are they are to … (7 comments)

temecula and murrieta short sale specialist: HAFA,RMA,RASS,DIL,SSA,What's with all these letter's? - 10/17/10 04:48 PM
HAFA,RMA,RASS,DIL,SSA,What's with all these letter's? 
These letter's are the alphabet soup of the HAFA "Home-Affordable-Foreclosure-Alternative" program.The rest of the letters stand for the forms and processes used under the HAFA program.The Short Sale & Deed in lieu (DIL) are two of the processes.The others RMA,RASS & SSA are the forms we use when applying for HAFA. In my next blog posts I am going to provide you with these forms and go over the use of each of them.
(1 comments)

temecula and murrieta short sale specialist: Requirements that lenders must follow before filing a NOD "Notice of Default". - 10/12/10 02:46 PM
Non-judicial foreclosures in California have legal requirements that lenders must follow. 
In California law requires that lenders for most mortgage loans made between Jan. 1, 2003, and Dec. 31, 2007, attempt to make contact with borrowers to discuss options for avoiding foreclosure at least 30 days before filing a notice of default.  Lenders must also must sign a declaration in the notice of default stating that they tried to contact the borrower, made contact with the borrower, or fall within an exception (such as a bankruptcy filing).
Once the Notice of Default has been filed the lender can then proceed … (0 comments)

temecula and murrieta short sale specialist: Are you Eligible for the HAFA Short Sale program? - 10/08/10 05:52 PM
Are you Eligible for the HAFA Short Sale program?
The basic test to check if you qualify for a *HAFA short sale are simple.
Ask yourself the following 6 questions,if your answers are yes to all 6 you most likely qualify. 
1. Is the property your principal residence,if not was it during the last 12 months?
2. Was your loan originated before Jan 01 2009?
3. Are you behind in your payments?
4. Were you denied a loan mod?
5. Do you owe less than $729,750.00?
6. Does your payment exceed 31% of your gross income?
If you answered yes to all the above questions call me and let me go over … (9 comments)

temecula and murrieta short sale specialist: Time for a short sale. - 10/07/10 05:52 PM
 Been denied a loan mod or found that your loan mod is not working as it should for you? It's time to investigate a Short Sale.HAFA may be the ticket for you. HAFA is a type of Short Sale program that I specialize in. This program has been created by the federal government and most lenders have agreed to follow HAFA the guidelines. What does HAFA stand for?Below is a link to the program.
HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAMLet me show you the details. This is a FREE service I provide you & HAFA provides you with $3,000.00 in relocation dollars. Call or email me … (0 comments)

temecula and murrieta short sale specialist: No Short Sale Deficiencies: for Calif homeowners. - 10/07/10 04:47 PM
No Short Sale Deficiencies:
 Starting January 1, 2011, a seller's first trust deed lender cannot obtain a deficiency judgment against the seller after a short sale.  Providing written consent to a short sale shall obligate the first trust deed lender to accept the sales proceeds as full payment and discharge of the remaining amount owed on the loan.  This law applies to first trust deeds secured by one-to-four residential units, but does not limit the lender from seeking damages for fraud or waste by the borrower.  Senate Bill 931.  (Source C.A.R.)
(5 comments)

temecula and murrieta short sale specialist: Why reject a short sale offer. - 09/02/10 07:45 PM
Why to reject a short sale offer.
Don't get to excited about your first short sale offer. It could be a dud!A bad offer can cause your home to go into foreclosure.Here are a few of the things a short sale expert will look for in an offer....
Is the buyer an investor? Beware an investor has no tie to your home and may drop you and buy another home that comes on the market. Having them show you proof of funds is no guarantee that the money will not be spend on other properties. There are good investor buyers & flakes. … (15 comments)

temecula and murrieta short sale specialist: How to price a Short Sale Listing - 09/02/10 07:14 PM
How to price a Short Sale Listing.
OK you have made the decision to short sale your home. Here is were you have your first disconnect.With out the guidance of a short sale expert you would most likely overprice your home. The goal in a short sale is to get an offer fast and one that the bank, your lender will accept.Overprice the home and it will NOT generate an offer and your home will be foreclosed.Underpricing the home WILL generate an offer that the bank will reject.A Short Sale Specialist knows how to price your home for a successful short sale,not to high and not to low.I … (5 comments)

 
Sidney Kutchuk, Property Management & Sales Experts  951-217-6745 (Property Management & Sales  at REALTY WORKS TEMECULA, CA 92590  (951) 217-6745)

Sidney Kutchuk

Property Management & Sales Experts 951-217-6745

Temecula, CA

More about me…

Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745

Address: Temecula Short Sale Specialist,Temecula,Murrieta, Temecula Ca,Murrieta Ca,Winchester Ca,, Temecula, Ca, 92590

Office: (951) 676-4663

Mobile: (951) 217-6745

Email Me

Temecula Short Sale Specialist. Blogs of my TEMECULA and MURRIETA SHORT SALE Experiences. Come with me thru my many trips via email,phone & faxes with the banks,lenders and my clients during my Temecula & Murrieta short sale transactions... Sidney Kutchuk Temecula Short Sale Specialist. www.RealtyWrks.com (951) 217-6745 41720 Winchester Rd #J Temecula Ca 92590 www.aShortSale.com www.Temecula-ShortSaleAgents.com


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