Hi, I’m Jason Zweigle here with ShortSaleSlayerz.com. We’re one among Grass Valley’s leading short sale teams. Thanks for visiting our website. Right now we are going to talk concerning the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Basically it is an modification to a previous bill that was passed about deficiencies within the state of California. If a lender agrees to do a short sale, the primary lien holder might now not come after a seller for a deficiency and they might waive all deficiency rights. In other words, they could not come after you and ask you to repay the forgiven balance of the short sale.

This new senate bill adds a protection to second lien holders. When you have a first and a second and they comply with do a short sale, that is it; you’re out of debt, you’re completed with a short sale and you will owe no extra money. This bill solely applies to short sales and not foreclosures. Many individuals are handing the banks the keys and walking away. This is not a good suggestion because the second lien holders can come after you for the remaining debt because you really walked away from it.

This new senate bill is a great benefit within the short sale game for the California consumer. Also, one other added stipulation, the banks can no longer ask for a contribution from the seller. To allow them to’t say, hey give us $10,000 and we’ll do a short sale. You can offer as a strategy to incentivize the bank to comply with a short sale and generally that is a superb move. The client can offer $4,000 to $5,000 to make the deal go through. They’re getting an incredible deal anyway, so if they have so as to add a little cash to make the deal go through, it’s no harm no foul.

In case you have any questions, you may reach out to me. My number is on the website or you may fill out the form below. We’re ShortSaleSlayerz.com and certainly one of Grass Valley’s main short sale teams. We look ahead to hearing from you soon, have an awesome day.

Do you need to sell you home or are you underwater and can’t make your mortgage payments? Jason Zweiglye and the Short Sale Slayerz can answer your short sale questions. We are California Short Sale Specialists.

Watch this and more short sale videos from Jason Zweigle and his team Short Sale Slayers

Also, follow Short Sale Slayers on their blog at -Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Grass Valley’s leading short sale teams. Right now we’re going to answer the million dollar query, Is your property underwater? Meaning principally you owe more to your financial institution than what your private home is worth. That is universally probably the most asked question. Most individuals know their home is underwater, however they don’t know by how much. When you have an underwater mortgage, you’re most likely wondering how much your private home is worth and how far upside down you are. You may additionally be wondering how you will ever get out of this mess. I feel that a short sale is a superb resolution to get out of being underwater. Foreclosures can also be an choice however with that comes numerous authorized and financial burdens that can be associated with foreclosures.

We have a great new software that we want to offer you for free. This is our new short sale calculator. We’ve partnered up with Zillow to give you some key pieces of data; A. What is your own home worth? B. How far upside down are you, and C. How long will it take you till you may have a zero equity balance? Right now, lots of you watching this owe way over what your private home is worth. Hopefully you need to use the short sale calculator to determine if a short sale is right for you or for those who ought to keep your home.

Fill out the form beneath and reach out to us. Take advantage of this free instrument, there’s no obligation whatsoever. We also have a free download with some great information about short sales. Thanks for visiting ShortSaleSlayerz.com, where we are certainly one of Grass Valley’s leading short sale teams.

If in case you have any questions, you can call us at any time. Our number is 1-800-646-0362 or visit the website. Thanks so much, and have a fantastic day.

Do you need to sell you home or are you underwater and can’t make your mortgage payments? Jason Zweiglye and the Short Sale Slayerz can answer your short sale questions. We are California Short Sale Specialists.

Watch this and more short sale videos from Jason Zweigle and his team Short Sale Slayers

Also, follow Short Sale Slayers on their blog at Your Auburn Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re one of Grass Valley’s main short sale teams. The topic at the moment is what to do when you can’t make your mortgage payments. There are a number of choices for you if you cannot make your mortgage payments. You possibly can reach out to your bank and speak to them a couple of loan modification. Many individuals are attempting to do mortgage modifications and it is probably the most irritating experiences they’ve ever gone through. Whether or not the bank won’t reply or lose your paperwork ten or fifteen times. I’ve even heard tales from clients that did not go through us and wound up making an attempt to do a loan modification and lost their residence to foreclosure in the course of loan modification. In our opinion a loan modification is not the best solution.

It’s also possible to do foreclosure, simply walk away and let the bank take it back. This additionally isn’t the very best solution. You can also do a deed in lieu of foreclosure and what meaning is you inform the financial institution they don’t need to foreclose on your private home, you’ll voluntarily leave. No harm, no foul. Foreclosures and deed in lieu of foreclosures both have a destructive impact on your credit. Each of these also leave you open to second lien holders and generally first lien holders having the ability to come after you to try and gather that unpaid balance. That can be a scary factor as well if you’re attempting to recuperate financially.

I feel an outstanding answer in today’s market and the banks are beginning to see that short sales are what are going to dig us out of this real estate nightmare and this big loss of value. Number one, a short sale is a big benefit to you the seller. You may walk away from your house, get out of debt, not owe something, really get somewhat bit of money in your pocket and move on. For the financial institution, they get a bit of bit extra money from a short sale than a foreclosure. The remainder of the neighborhood will not have the unsightly vacant homes which might be getting vandalized.

So in case you have any extra questions, fill out the form below. You too can use the form below to get to our free short sale calculator. It is an important device and I really encourage you to use that. We’re ShortSaleSlayerz.com, certainly one of Grass Valley’s main short sale teams. We’re here that can assist you make the correct decision for your situation. Have a fantastic day, thanks very much.

Do you need to sell you home or are you underwater and can’t make your mortgage payments? Jason Zweiglye and the Short Sale Slayerz can answer your short sale questions. We are California Short Sale Specialists.

Watch this and more short sale videos from Jason Zweigle and his team Short Sale Slayers

Also, follow Short Sale Slayers on their blog at Your Granite Bay Short Sale Specialists-Avoid Foreclosure

Hello, Jason Zweigle right here with ShortSaleSlayerz.com, we’re certainly one of Grass Valley’s leading short sale teams. Thank you for visiting our website. At this time we will talk about the part 2 of the Bank of America HAFA short sale program. I wished to broaden a bit on how we approach the short sale option. In the first video, we talked about going through the front door of the HAFA program the place we get the bank’s sale price. It is like a preapproved short sale. That’s a catastrophic mistake for any agent or consumer to ask the bank to give you a price to sell your home. There’s a back door HAFA program that we use and mainly we take an offer and submit it and then we request for HAFA short sale approval, getting you the advantages of the HAFA short sale, the $3,000, however not having the financial institution meddle with our sale price and contract.

A variety of that is also investor driven. You’ve a servicer such as Bank of America and generally they have a portfolio loan which means it’s their cash that is invested within the residence, but more often than not, it may be a Fannie or Freddie or possibly even Wells Fargo or Chase’s cash or some other investor’s. We even have investor guidelines that we have now to get through to get a HAFA short sale approval.

I recommend if you are going to think about a short sale or a HAFA short sale that you positively work with a highly experienced agent that has performed numerous short sales. I might say 50 to 60 plus before they’ve actual tried and true expertise in order that they know how one can navigate through these challenging short sales. The excellent news is, contrary to popular information on the market on the web sites and information reviews, HAFA short sales are an incredible resolution, it ensures the buyer $3,000 at close of escrow and it ensures forgiveness of any debt. It is also good for the second lien holders as a result of the first will give the second a bit bit more money which gives the second lien holder more motivation to comply with the short sale. We need the second lien holder’s blessing and approval to truly do a short sale.

If you have any questions, give me a call, my 800 number is posted on the web site or fill out the form below. There’s an ideal free download with additional details about short sales. We’re ShortSaleSlayerz.com, one of Grass Valley’s main short sale teams. I look forward to hearing from you soon. Thanks and have an amazing day.

Do you need to sell you home or are you underwater and can’t make your mortgage payments? Jason Zweiglye and the Short Sale Slayerz can answer your short sale questions. We are California Short Sale Specialists.

Watch this and more short sale videos from Jason Zweigle and his team Short Sale Slayers

Also, follow Short Sale Slayers on their blog at -Avoid Foreclosure

Hi, Jason Zweigle right here with ShortSaleSlayerz.com, we’re certainly one of Grass Valley’s leading short sale teams. I wished to speak immediately concerning the Bank of America HAFA short sale. Many of us on the market do not actually know what a HAFA short sale is, and it’s principally a federal government backed short sale plan that most of the banks that participated in TARP additionally take part within the HAFA program. The HAFA program follows some federal guidelines, some financial institution or servicer pointers, and some investor guidelines. So, it may well get just a little bit complicated. On the whole, there are methods to do a short sale with the Bank of America HAFA program.

The patron or the agent can apply to get a pre-accepted HAFA short sale, and I believe this can be a large mistake, and it’s why the HAFA short sale has such a bad name out there. Basically a shopper or agent goes to the financial institution and tells them they want to do a short sale. The bank thinks that’s nice and requests some monetary information they usually’ll send out their loan agent or appraiser to present a fair market value for the home. There’s the problem proper there. They need to establish the price of the home they usually aren’t the principle within the transaction, in order that they should not be dictating the sale value of the home. They are going to send anyone out and more often than not, they’re going to tack on 20% on top of that list worth or that recommended record price after which provide you with 120 days to sell the home. In the event you don’t sell it, then they’re going to do a deed in lieu of foreclosures or foreclose. This isn’t an excellent option.

The way in which we approach a HAFA short sale with Bank of America, is that we go within the back door. We’ll provoke your short sale with Bank of America as a conventional short sale. We’ll sign a list agreement with you, and we’ll establish fair market value in your residence after which listing the property. Then as soon as now we have a suggestion, we will submit that supply to the financial institution and request a HAFA short sale approval. The beauty of the HAFA short sale approval is each lenders have to agree to the short sale and has to agree to forgive you of any remaining stability or deficiency.

On top of that, they will even offer $three,000 to you the vendor for moving expenses at close of escrow that is paid right from the title company when the deal closes. We’re ShortSaleSlayers.com, one among Grass Valley’s main short sale teams. I will increase extra on this in my part two video. Thanks lots and have an incredible day.

Do you need to sell you home or are you underwater and can’t make your mortgage payments? Jason Zweiglye and the Short Sale Slayerz can answer your short sale questions. We are California Short Sale Specialists.

Watch this and more short sale videos from Jason Zweigle and his team Short Sale Slayers

Also, follow Short Sale Slayers on their blog at Your Placer County Short Sale Specialists-Avoid Foreclosure

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Grass Valley’s main short sale teams. Thanks for visiting the website. Today I am wrapping up my three part sequence on strategic default with the bail and buy program. Believe it or not, you may complete a short sale of your present home and buy a model new or new to you residence while you’re doing a short sale as long as the new buy closes after the close date of your short sale. You need to be present and it’s a must to qualify for this new FHA loan. There’s an FHA mortgage program out there for people who really want to downsize.

The rationale that this mortgage is in place is as a result of the industry and the federal government acknowledge that people are walking away from their mortgages because they’re well underwater. So in what I call the bail and buy program, you are able to do a short sale, you must qualify for the brand new loan, you need to be present on your present dwelling mortgage, and you must downsize your home. It’s a phenomenal answer should you’re a strategic defaulter or in case you’re simply somebody that doesn’t wish to cope with an underwater home.

You’ll be able to sell your house that is underwater today, buy a brand new house for truthful market worth and be well forward of the game and be properly positioned to experience this real estate recovery that is on the horizon. It won’t be right this moment or tomorrow, but we could have a real estate recovery and there will be money to be made throughout that recovery.

So if in case you have any questions about the bail and buy program, attain out to me by giving me a call on our 800 number, or fill out the form below. You can too obtain our free short sale information. We’re one in all Grass Valley’s leading short sale teams and we’d be happy to chat with you. Thanks and have an ideal day.

Do you need to sell you home or are you underwater and can’t make your mortgage payments? Jason Zweiglye and the Short Sale Slayerz can answer your short sale questions. We are California Short Sale Specialists.

Watch this and more short sale videos from Jason Zweigle and his team Short Sale Slayers

Also, follow Short Sale Slayers on their blog at -Avoid Foreclosure

Hello, I’m Jason Zweigle right here with ShortSaleSlayerz.com. We’re Grass Valley’s main short sale team. At this time I want to discuss in regards to the steps to approach a strategic default. It is real simple how you do a strategic default in my opinion. Number one, I am not an legal professional or an accountant, so if you’re going to take into account a strategic default, you may wish to converse with an accountant or an legal professional to see what the legal and tax ramifications might be.

If you’re a house owner that can afford your mortgage payments and also you wish to defend your credit, we’re here to help. We are going to merely come in, list your private home and present a proposal to the bank. Then the financial institution will ask us for your financials and we are going to present them to the bank. The bank might ask questions about why you might be short selling when it appears like you possibly can afford your mortgage payments. We reply these questions truthfully with integrity and we let them know your intensions. If you are going to do a default, you basically tell them you are either going to do that short sale or let your property go to foreclosure since you don’t need to stay in a house that’s $one hundred,000 to $200,000 upside down. As a rule, the bank is going to determine it’ll make sense for them because they get more money for the short sale then if it goes to foreclosure.

So, you’ll continue to make payments, we go ahead and complete the short sale and you might be done and put that debt behind you. There will be a derogatory comment on your credit report. It’ll say something to the effect satisfied in full, short pay, and that does have a unfavourable influence in your credit report. In case you stay current throughout that point, you may actually buy a house either simultaneous close or after you close your escrow in your short sale, there are loans in place where you should purchase a downsized dwelling or house of lesser value. That is nice information on the strategic default process.

Thank you for visiting the web site, ShortSaleSlayerz.com, we’re Grass Valley’s main short sale team. You probably have any questions, you may reach out to me at my 800 number or simply leave a remark and check out our free download on short sales. Thanks and have a terrific day.

Do you need to sell you home or are you underwater and can’t make your mortgage payments? Jason Zweiglye and the Short Sale Slayerz can answer your short sale questions. We are California Short Sale Specialists.

Watch this and more short sale videos from Jason Zweigle and his team Short Sale Slayers

Also, follow Short Sale Slayers on their blog at Your Nevada County Short Sale Specialists-Avoid Foreclosure