Hello, I am Jason Zweigle right here with ShortSaleSlayerz.com. We’re considered one of Fair Oaks’s leading short sale teams. Thanks for visiting our website. Today we are going to discuss in regards to the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Primarily it’s 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 could not come after a seller for a deficiency and they would 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. If in case you have a first and a second and they agree to do a short sale, that is it; you’re out of debt, you’re accomplished with a short sale and you will owe no more money. This bill solely applies to short sales and not foreclosures. Many people are handing the banks the keys and strolling away. This isn’t a good idea as a result of the second lien holders can come after you for the remaining debt since you really walked away from it.

This new senate bill is a great benefit in the short sale game for the California consumer. Additionally, 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 may provide as a solution to incentivize the bank to conform to a short sale and sometimes that’s a good move. The client can provide $four,000 to $5,000 to make the deal go through. They’re getting an unbelievable deal anyway, so if they have so as to add slightly money to make the deal go through, it’s no harm no foul.

You probably have any questions, you’ll be able to reach out to me. My number is on the website or you possibly can fill out the form below. We’re ShortSaleSlayerz.com and one of Fair Oaks’s main short sale teams. We look ahead to hearing from you soon, 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 Your Sac Town Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re one of Fair Oaks’s main short sale teams. At the moment we’ll reply the million dollar question, Is your property underwater? That means mainly you owe more to your bank than what your home is worth. That is universally the most requested question. Most people know their home is underwater, but they don’t know by how much. If you have an underwater mortgage, you are most likely wondering how much your house is worth and how far upside down you are. You may additionally be questioning how you will ever get out of this mess. I feel that a short sale is a superb solution to get out of being underwater. Foreclosure can be an possibility however with that comes lots of authorized and financial burdens that can be associated with foreclosures.

We’ve got an incredible new instrument that we wish to offer you for free. That is our new short sale calculator. We have partnered up with Zillow to offer you some key pieces of information; A. What is your property worth? B. How far upside down are you, and C. How long will it take you until you’ve a zero equity balance? Right now, lots of you watching this owe far more than what your own home is worth. Hopefully you should utilize the short sale calculator to determine if a short sale is best for you or if you should maintain your home.

Fill out the form below and reach out to us. Make the most of this free instrument, there isn’t any obligation whatsoever. We even have a free download with some great details about short sales. Thank you for visiting ShortSaleSlayerz.com, where we’re certainly one of Fair Oaks’s leading short sale teams.

When you have any questions, you may call us at any time. Our number is 1-800-646-0362 or go to the website. Thanks a lot, 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

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Fair Oaks’s leading short sale teams. The subject at this time 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 talk to them about a loan modification. Many people are trying to do mortgage modifications and it’s the most irritating experiences they’ve ever gone through. Whether the bank will not reply or lose your paperwork ten or fifteen times. I’ve even heard stories from clients that did not go through us and wound up making an attempt to do a loan modification and misplaced their home to foreclosure in the middle of mortgage modification. In our opinion a mortgage modification isn’t the greatest solution.

You can too do foreclosure, simply walk away and let the financial institution take it back. This also isn’t the most effective solution. You too can do a deed in lieu of foreclosure and what meaning is you tell the financial institution they needn’t foreclose on your house, you’ll voluntarily leave. No harm, no foul. Foreclosure and deed in lieu of foreclosure both have a negative affect on your credit. Each of those additionally leave you open to second lien holders and sometimes first lien holders being able to come after you to attempt to collect that unpaid balance. That may be a scary thing as well whenever you’re attempting to recuperate financially.

I believe an exceptional solution in today’s market and the banks are starting to see that short sales are what are going to dig us out of this real estate nightmare and this large lack of value. Primary, a short sale is a large benefit to you the seller. You’ll be able to walk away from your property, get out of debt, not owe anything, truly get somewhat bit of cash in your pocket and move on. For the financial institution, they get a little bit bit more money from a short sale than a foreclosure. The remainder of the neighborhood will not have the ugly vacant houses which can be getting vandalized.

So if you have any more questions, fill out the form below. You can also use the form below to get to our free short sale calculator. It’s an important device and I actually encourage you to make use of that. We’re ShortSaleSlayerz.com, one of Fair Oaks’s main short sale teams. We’re right here to help you make the fitting determination on your situation. Have an excellent 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 Nevada County Short Sale Specialists-Avoid Foreclosure

Hi, Jason Zweigle here with ShortSaleSlayerz.com, we’re certainly one of Fair Oaks’s leading short sale teams. Thanks for visiting our website. At this time we’re going to speak concerning the part 2 of the Bank of America HAFA short sale program. I wished to broaden a bit of on how we approach the short sale option. In the first video, we talked about going through the entrance door of the HAFA program the place we get the financial institution’s sale price. It’s like a preapproved short sale. That is a catastrophic mistake for any agent or consumer to ask the bank to present you a price to promote your home. There is a back door HAFA program that we use and principally 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 $three,000, but not having the financial institution meddle with our sale price and contract.

Plenty of this is also investor driven. You could have a servicer resembling Bank of America and sometimes they have a portfolio loan that means it’s their cash that’s invested within the home, however most of the time, it is going to be a Fannie or Freddie or maybe even Wells Fargo or Chase’s cash or another 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 take into account a short sale or a HAFA short sale that you simply positively work with a highly skilled agent that has done numerous short sales. I might say 50 to 60 plus before they have actual tried and true experience 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 experiences, HAFA short sales are an ideal solution, it ensures the patron $three,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 slightly bit extra money which gives the second lien holder more motivation to conform to the short sale. We’d like the second lien holder’s blessing and approval to actually 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 a fantastic free download with extra details about short sales. We’re ShortSaleSlayerz.com, one of Fair Oaks’s main short sale teams. I look ahead to hearing from you soon. Thanks and have a great 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

Hello, Jason Zweigle right here with ShortSaleSlayerz.com, we’re considered one of Fair Oaks’s leading short sale teams. I wished to speak right now concerning the Bank of America HAFA short sale. Many of us on the market do not really know what a HAFA short sale is, and it’s basically a federal government backed short sale plan that lots of the banks that participated in TARP additionally participate within the HAFA program. The HAFA program follows some federal guidelines, some bank or servicer tips, and some investor guidelines. So, it might probably get slightly bit complicated. Basically, there are ways to do a short sale with the Bank of America HAFA program.

The patron or the agent can apply to get a pre-permitted HAFA short sale, and I think this can be a big mistake, and it is why the HAFA short sale has such a bad name out there. Basically a shopper or agent goes to the bank and tells them they want to do a short sale. The financial institution thinks that’s nice and requests some financial information and so they’ll send out their mortgage agent or appraiser to present a good market value for the home. There’s the issue right there. They wish to establish the price of the home and so they aren’t the principle within the transaction, so they shouldn’t be dictating the sale price of the home. They will ship anyone out and most of the time, they’re going to tack on 20% on top of that list value or that recommended record value after which give you a hundred and twenty days to sell the home. Should you don’t sell it, then they will do a deed in lieu of foreclosures or foreclose. This isn’t a great option.

The best way we method a HAFA short sale with Bank of America, is that we go within the back door. We’ll initiate your short sale with Bank of America as a standard short sale. We’ll sign an inventory settlement with you, and we’ll establish honest market value on your dwelling after which listing the property. Then as soon as we’ve a proposal, we are going to submit that provide to the financial institution and request a HAFA short sale approval. The great thing about the HAFA short sale approval is each lenders need to comply with the short sale and has to comply with forgive you of any remaining balance or deficiency.

On top of that, they may also provide $three,000 to you the vendor for shifting expenses at close of escrow that is paid proper from the title firm when the deal closes. We’re ShortSaleSlayers.com, certainly one of Fair Oaks’s leading short sale teams. I will increase more on this in my part two video. Thanks lots 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, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re one of Fair Oaks’s leading short sale teams. Thanks for visiting the website. At present I’m wrapping up my three part sequence on strategic default with the bail and buy program. Believe it or not, you can fullfill a short sale of your present residence and buy a brand new or new to you residence if you are doing a short sale so long as the brand new buy closes after the close date of your short sale. It’s a must to be present and it’s important to qualify for this new FHA loan. There is an FHA loan program out there for people who actually need to downsize.

The explanation 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 have to qualify for the brand new loan, you have to be present on your current house loan, and it’s important to downsize your home. It’s a phenomenal solution if you happen to’re a strategic defaulter or when you’re simply someone that does not want to cope with an underwater home.

You can promote your private home that is underwater today, purchase a new dwelling for truthful market value and be nicely ahead of the game and be well positioned to experience this real estate recovery that’s on the horizon. It may not be as we speak or tomorrow, but we will have a real estate recovery and there will probably be cash to be made during 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 may also obtain our free short sale information. We’re one in all Fair Oaks’s leading short sale groups and we would be glad to talk 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 Your Nevada County Short Sale Specialists-Avoid Foreclosure

Hello, I’m Jason Zweigle right here with ShortSaleSlayerz.com. We are Fair Oaks’s leading short sale team. At this time I wish to discuss concerning the steps to approach a strategic default. It’s real simple how you do a strategic default in my opinion. Number one, I’m not an lawyer or an accountant, so if you are going to think about a strategic default, you may want to communicate with an accountant or an lawyer to see what the legal and tax ramifications might be.

In case you are a home-owner that can afford your mortgage payments and you wish to protect your credit score, we are here to help. We will simply come in, list your house and present an offer to the bank. Then the financial institution will ask us for your financials and we are going to present them to the bank. The financial institution could ask questions on why you are short selling when it seems to be like you can afford your mortgage payments. We reply those questions truthfully with integrity and we let them know your intensions. If you will do a default, you mainly tell them you’re either going to do this short sale or let your home go to foreclosure because you don’t wish to stay in a house that is $a hundred,000 to $200,000 upside down. More often than not, the bank is going to determine it can make sense for them because they get more money for the short sale then if it goes to foreclosure.

So, you will continue to make funds, we go ahead and complete the short sale and you might be done and put that debt behind you. There will probably be a derogatory remark on your credit report. It can say something to the effect satisfied in full, short pay, and that does have a unfavorable affect in your credit score report. In case you remain current throughout that point, you can actually purchase a home both simultaneous close or after you close your escrow in your short sale, there are loans in place where you should buy a downsized home or house of lesser value. That is nice information on the strategic default process.

Thanks for visiting the website, ShortSaleSlayerz.com, we are Fair Oaks’s leading short sale team. When you’ve got any questions, you possibly can reach out to me at my 800 number or just leave a comment and take a look at our free download on short sales. 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