Hello, I’m Jason Zweigle here with ShortSaleSlayerz.com. We’re one of Grass Valley’s main short sale teams. Thanks for visiting our website. At this time we’re going to discuss in regards to the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Primarily it is an amendment to a previous bill that was passed about deficiencies in the state of California. If a lender agrees to do a short sale, the primary lien holder could no longer come after a seller for a deficiency and they might waive all deficiency rights. In other words, they couldn’t come after you and ask you to repay the forgiven balance of the short sale.

This new senate bill adds a safety to second lien holders. When you have a primary and a second and they comply with do a short sale, that’s it; you’re out of debt, you’re done with a short sale and you’ll owe no more money. This bill only applies to short sales and never foreclosures. Many individuals are handing the banks the keys and strolling away. This is not a good suggestion as a result of the second lien holders can come after you for the remaining debt because you truly walked away from it.

This new senate bill is a good benefit in the short sale game for the California consumer. Also, one different 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 possibly can offer as a strategy to incentivize the bank to agree to a short sale and generally that is a good move. The buyer can offer $4,000 to $5,000 to make the deal go through. They’re getting an unimaginable deal anyway, so if they’ve so as to add slightly cash to make the deal go through, it is no harm no foul.

You probably have any questions, you can 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 Grass Valley’s leading short sale teams. We look ahead to hearing from you soon, 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 -Avoid Foreclosure

Hello, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Grass Valley’s leading short sale teams. At the moment we will reply the million dollar question, Is your home underwater? That means principally you owe more to your bank than what your private home is worth. This is universally essentially the most requested question. Most individuals know their house is underwater, but they do not know by how much. When you have an underwater mortgage, you might be most likely wondering how much your private home is worth and how far upside down you are. You might also be wondering how you’ll ever get out of this mess. I think that a short sale is a superb solution to get out of being underwater. Foreclosure can also be an possibility but with that comes a lot of legal and financial burdens that may be related to foreclosures.

We now have an ideal new instrument that we wish to give you for free. This is our new short sale calculator. We’ve partnered up with Zillow to offer you some key pieces of information; A. What is your home 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, many of you watching this owe way over what your house is worth. Hopefully you should use the short sale calculator to determine if a short sale is best for you or if you ought to maintain your home.

Fill out the form beneath and reach out to us. Benefit from this free device, there is not any obligation whatsoever. We even have a free download with some great details about short sales. Thanks for visiting ShortSaleSlayerz.com, where we’re certainly one of Grass Valley’s main short sale teams.

When 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 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 am Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Grass Valley’s main short sale teams. The subject right now is what to do when you can’t make your mortgage payments. There are a number of options for you if you can’t make your mortgage payments. You can reach out to your bank and talk to them a couple of mortgage modification. Many individuals are trying to do loan modifications and it is essentially the most irritating experiences they’ve ever gone through. Whether or not the financial institution won’t reply or lose your paperwork ten or fifteen times. I’ve even heard tales from shoppers that didn’t go through us and wound up attempting to do a mortgage modification and misplaced their home to foreclosure in the middle of loan modification. In our opinion a loan modification isn’t the best solution.

You can also 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 tell the bank they don’t need to foreclose on your home, you will voluntarily leave. No harm, no foul. Foreclosures and deed in lieu of foreclosures both have a destructive impact on your credit. Both of these additionally leave you open to second lien holders and sometimes first lien holders having the ability to come after you to try and gather that unpaid balance. That may be a scary factor as well when you’re attempting to recover financially.

I think an outstanding answer 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 big benefit to you the seller. You may walk away from your own home, get out of debt, not owe anything, truly get a bit of bit of money in your pocket and move on. For the financial institution, they get just a little bit more cash from a short sale than a foreclosure. The rest of the neighborhood will not have the ugly vacant properties which can be getting vandalized.

So in case you have any extra questions, fill out the form below. You can too use the form below to get to our free short sale calculator. It is an ideal device and I actually encourage you to use that. We’re ShortSaleSlayerz.com, considered one of Grass Valley’s leading short sale teams. We’re here to help you make the correct resolution 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 Placer County Short Sale Specialists-Avoid Foreclosure

Hello, Jason Zweigle right here with ShortSaleSlayerz.com, we’re considered one of Grass Valley’s main short sale teams. Thank you for visiting our website. At the moment we’re going to talk concerning the part 2 of the Bank of America HAFA short sale program. I needed to develop a bit on how we approach the short sale option. Within the first video, we talked about going by way of 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 client to ask the financial institution to give you a price to promote your home. There is a back door HAFA program that we use and mainly we take a proposal 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.

A whole lot of that is additionally investor driven. You will have a servicer resembling Bank of America and sometimes they’ve a portfolio loan which means it’s their cash that is invested within the home, however more often than not, it may be a Fannie or Freddie or possibly even Wells Fargo or Chase’s cash or another investor’s. We also have investor guidelines that we’ve to get through to get a HAFA short sale approval.

I like to recommend if you are going to consider a short sale or a HAFA short sale that you just positively work with a highly experienced agent that has done numerous short sales. I’d say 50 to 60 plus before they have real tried and true expertise so they know the way to navigate through these difficult short sales. The good news is, contrary to popular news on the market on the websites and news reviews, HAFA short sales are an amazing resolution, it guarantees the patron $three,000 at close of escrow and it ensures forgiveness of any debt. It’s also good for the second lien holders as a result of the first will give the second a bit of bit more money which gives the second lien holder more motivation to conform to the short sale. We want the second lien holder’s blessing and approval to truly do a short sale.

When you’ve got any questions, give me a call, my 800 number is posted on the website or fill out the form below. There’s a terrific free download with additional details about short sales. We are ShortSaleSlayerz.com, considered one of Grass Valley’s leading 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 -Avoid Foreclosure

Hello, Jason Zweigle right here with ShortSaleSlayerz.com, we’re considered one of Grass Valley’s leading short sale teams. I wished to speak at present about the Bank of America HAFA short sale. Many folks out there don’t really know what a HAFA short sale is, and it’s mainly a federal government backed short sale plan that many 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 tips, and some investor guidelines. So, it could get slightly bit complicated. In general, there are two ways to do a short sale with the Bank of America HAFA program.

The buyer or the agent can apply to get a pre-approved 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 consumer or agent goes to the bank and tells them they would like to do a short sale. The financial institution thinks that is nice and requests some monetary info they usually’ll send out their mortgage agent or appraiser to provide a good market value for the home. There’s the problem proper there. They need to establish the worth of the house and they aren’t the principle within the transaction, in order that they shouldn’t be dictating the sale value of the home. They’ll ship anyone out and as a rule, they will tack on 20% on top of that list value or that suggested checklist worth after which give you a hundred and twenty days to promote the home. For those who don’t sell it, then they’ll do a deed in lieu of foreclosure or foreclose. This is not a good option.

The best way we strategy a HAFA short sale with Bank of America, is that we go in the back door. We’ll initiate your short sale with Bank of America as a traditional short sale. We’ll sign an inventory agreement with you, and we’ll establish honest market worth to your residence and then listing the property. Then as soon as we’ve got a proposal, we will submit that provide to the bank and request a HAFA short sale approval. The great thing about the HAFA short sale approval is each lenders should agree to the short sale and has to comply with forgive you of any remaining balance or deficiency.

On top of that, they will also supply $3,000 to you the vendor for shifting expenses at close of escrow that’s paid proper from the title company when the deal closes. We’re ShortSaleSlayers.com, considered one of Grass Valley’s leading short sale teams. I will develop more on this in my half video. Thanks so much and have an excellent 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 am Jason Zweigle with ShortSaleSlayerz.com. We’re one of Grass Valley’s leading short sale teams. Thank you for visiting the website. As we speak I’m wrapping up my three part sequence on strategic default with the bail and buy program. Believe it or not, you possibly can fullfill a short sale of your present house and purchase a brand new or new to you house while you are doing a short sale as long as the new purchase closes after the close date of your short sale. You need to be present and it’s important to qualify for this new FHA loan. There is an FHA mortgage program out there for individuals who really need to downsize.

The explanation that this loan is in place is as a result of the trade and the federal government recognize that individuals are walking away from their mortgages as a result of they’re well underwater. So in what I call the bail and buy program, you are able to do a short sale, you need to qualify for the new loan, you have to be present on your present dwelling mortgage, and it’s important to downsize your home. It’s a phenomenal resolution in case you’re a strategic defaulter or in case you’re just someone that does not want to deal with an underwater home.

You may promote your own home that is underwater today, purchase a new dwelling for truthful market worth and be effectively ahead of the game and be well positioned to experience this real estate recovery that is on the horizon. It might not be at present or tomorrow, however we will have a real estate recovery and there will probably be money to be made throughout that recovery.

So in case you have any questions concerning the bail and buy program, reach out to me by giving me a call on our 800 number, or fill out the form below. You too can download our free short sale information. We’re certainly one of Grass Valley’s leading short sale teams and we would be to speak with you. 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 -Avoid Foreclosure

Hi, I’m Jason Zweigle right here with ShortSaleSlayerz.com. We’re Grass Valley’s main short sale team. As we speak I want to speak about the steps to approach a strategic default. It is real simple the way you do a strategic default in my opinion. Primary, I’m not an attorney or an accountant, so if you are going to contemplate a strategic default, you would possibly wish to communicate with an accountant or an attorney to see what the legal and tax ramifications could be.

If you are a home-owner that may afford your mortgage funds and also you need to shield your credit, we are right here to help. We will merely come in, list your own home and present a suggestion 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 may ask questions about why you might be short selling when it appears to be like like you may afford your mortgage payments. We answer these questions honestly with integrity and we allow them to know your intensions. If you will do a default, you mainly inform them you are either going to do this short sale or let your own home go to foreclosure because you don’t want to stay in a home that’s $a 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 extra money for the short sale then if it goes to foreclosure.

So, you will continue to make funds, we go forward and complete the short sale and you might be done and put that debt behind you. There can be a derogatory comment in your credit report. It can say something to the effect satisfied in full, short pay, and that does have a negative impact on your credit score report. Should you stay current during that point, you possibly can actually buy a home either simultaneous close or after you close your escrow on your short sale, there are loans in place where you should buy a downsized dwelling or home of lesser value. This is great information on the strategic default process.

Thank you for visiting the website, ShortSaleSlayerz.com, we are Grass Valley’s leading short sale team. When you’ve got any questions, you possibly can reach out to me at my 800 number or simply leave a comment and check out our free download on short sales. Thanks and 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 Your Nevada City Short Sale Specialists-Avoid Foreclosure