Melissa Zavala: San Diego County Broker, Speaker, Author

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Real Estate Broker/Owner - Broadpoint Properties - Cal BRE #01324959

ARCHIVED BLOG POSTS

2012 

Recently, one short sale buyer was so eager to learn about the closing that he asked the following question:  How long after receiving the bank’s approval letter should you expect to close and be done with the short sale process? That’s a great question and the answer is easy: it depends. It depe...
09/30/2012
Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers. Rea...
09/29/2012
“I demand that you close this transaction right now. I am going to stay on hold until you get this short sale closed. If you do not help me right this instant, I am going to come to your office, and bang on your door, and sit in your lobby until the transaction closes.” It happens. Buyers get fru...
09/26/2012
Fallbrook Home for Sale - Avocado Grove Included Overview Maps Photos Market Stats $529,900 Single Family Home Main Features 3 Bedrooms2 Bathrooms1 Partial BathroomInterior: 2,473 sqft Location 3631 Alta Vista DriveFallbrook, CA 92028USA To get updates on open home dates and other property event...
09/24/2012
Each and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers. Rea...
09/22/2012
For real estate agents, when a client calls you and sets up a listing appointment or a consultation to discuss a possible short sale listing, make sure to “pre-qualify” or “interview” that client on the telephone when setting up the appointment. Ask questions to find out about the number of mortg...
09/21/2012
Here’s a short sale saga for the books courtesy of the Realtor® forum on The Short Sale Specialist Network:  After needing an escalation to move a stuck file, the negotiator [name intentionally omitted] out of the Delaware location came back with a number of corrections. After the corrections wer...
09/19/2012
Just a few weeks ago, the FHFA announced some changes that will (allegedly) align guidelines for the processing of Fannie Mae and Freddie Mac short sales. The goal of these changes is to allow both lenders and servicers to more quickly and efficiently qualify borrowers for a short sale. Here is a...
09/17/2012
Having just returned from the Inman Real Estate Connect Conference about six weeks ago and knowing that your productivity and technology domination is the key to our mutual success, I've got some tools to share. (Yes, they may be familiar to some of you. Check out these great apps that will help ...
09/14/2012
An agent contacted our office the other day and was curious as to why the short sale lender would want to see a utility bill. “What does a utility bill have to do with the mortgage loan?” she asked. Great question. On the surface, it would seem that the short sale transaction and the mortgage loa...
09/13/2012
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Melissa Zavala

Broker, Escondido Real Estate, San Diego County
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