Hello, I am Jason Zweigle right here with ShortSaleSlayerz.com. We’re one of Sac Town’s main short sale teams. Thanks for visiting our website. Today we’re going to talk in regards to the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Basically 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 might not come after a vendor for a deficiency and they would 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 protection to second lien holders. You probably have a primary and a second and they comply with do a short sale, that’s it; you are out of debt, you are finished with a short sale and you will owe no more money. This bill solely applies to short sales and never foreclosures. Many people are handing the banks the keys and walking away. This is not a good idea 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 great benefit within 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. So they can’t say, hey give us $10,000 and we’ll do a short sale. You possibly can provide as a option to incentivize the bank to conform to a short sale and typically that is a superb move. The customer can provide $four,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 somewhat cash to make the deal go through, it’s no harm no foul.

If in case you 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 considered one of Sac Town’s leading short sale teams. We look forward to hearing from you soon, 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 -Avoid Foreclosure

Hello, I am Jason Zweigle with ShortSaleSlayerz.com. We’re one of Sac Town’s main short sale teams. As we speak we’ll answer the million dollar query, Is your home underwater? Which means principally you owe more to your financial institution than what your home is worth. This is universally probably the most asked question. Most people know their home is underwater, however they don’t know by how much. In case you have an underwater mortgage, you are most likely wondering how much your house is worth and how far upside down you are. You might also be questioning how you will ever get out of this mess. I think that a short sale is a superb answer to get out of being underwater. Foreclosures can be an possibility but with that comes a whole lot of legal and monetary burdens that may be associated with foreclosures.

We have a great new software that we want to give you for free. This is our new short sale calculator. We have partnered up with Zillow to give you some key pieces of knowledge; A. What is your private home worth? B. How far upside down are you, and C. How long will it take you until you’ve gotten a zero equity balance? Right now, a lot of you watching this owe far more than what your home is worth. Hopefully you should utilize the short sale calculator to determine if a short sale is right for you or should you ought to hold your home.

Fill out the form below and reach out to us. Benefit from this free instrument, there’s no obligation whatsoever. We also have a free download with some nice information about short sales. Thanks for visiting ShortSaleSlayerz.com, where we’re one of Sac Town’s leading short sale teams.

If in case you have any questions, you’ll be able to call us at any time. Our number is 1-800-646-0362 or visit the website. Thanks lots, 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 Placer County Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Sac Town’s leading short sale teams. The topic at this time is what to do when you can’t make your mortgage payments. There are several choices for you if you cannot make your mortgage payments. You possibly can reach out to your bank and talk to them a couple of loan modification. Many individuals are attempting to do mortgage modifications and it’s essentially the most frustrating experiences they’ve ever gone through. Whether or not the bank will not respond or lose your paperwork ten or fifteen times. I’ve even heard tales from purchasers that did not go through us and wound up trying to do a loan modification and lost their home to foreclosure in the middle of mortgage modification. In our opinion a mortgage modification isn’t the greatest solution.

You may also do foreclosure, simply walk away and let the bank take it back. This additionally isn’t the very best solution. You too can 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’ll voluntarily leave. No harm, no foul. Foreclosure and deed in lieu of foreclosure each have a negative influence on your credit. Both of those also leave you open to second lien holders and sometimes first lien holders being able to come after you to try to collect that unpaid balance. That may be a scary thing as well once you’re making an attempt to recover financially.

I think an exceptional resolution 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 huge lack of value. Number one, a short sale is a large benefit to you the seller. You may walk away from your home, get out of debt, not owe anything, really get a bit bit of money in your pocket and move on. For the financial institution, they get a bit bit more money from a short sale than a foreclosure. The rest of the neighborhood won’t have the unsightly vacant houses which can 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 a fantastic device and I really encourage you to use that. We’re ShortSaleSlayerz.com, certainly one of Sac Town’s leading short sale teams. We’re here to help you make the proper decision for your situation. Have an excellent day, thank you 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 Auburn Short Sale Specialists-Avoid Foreclosure

Hi, Jason Zweigle here with ShortSaleSlayerz.com, we’re considered one of Sac Town’s main short sale teams. Thanks for visiting our website. At present we’ll talk concerning the part 2 of the Bank of America HAFA short sale program. I wished to develop a little on how we approach the short sale option. In the first video, we talked about going via the entrance door of the HAFA program where we get the bank’s sale price. It is like a preapproved short sale. That’s a catastrophic mistake for any agent or shopper to ask the bank to offer you a price to promote your home. There’s a back door HAFA program that we use and basically 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, however not having the financial institution meddle with our sale price and contract.

A number of this is additionally investor driven. You’ve gotten a servicer comparable to Bank of America and typically they have a portfolio loan which means it is their cash that is invested within the dwelling, but most of the time, it will be a Fannie or Freddie or perhaps even Wells Fargo or Chase’s cash or some other investor’s. We even have investor guidelines that now we have to get through to get a HAFA short sale approval.

I recommend if you are going to contemplate a short sale or a HAFA short sale that you just definitely work with a extremely experienced agent that has executed quite a few short sales. I’d say 50 to 60 plus before they’ve real tried and true experience so that they know learn how to navigate through these challenging short sales. The excellent news is, opposite to popular news out there on the web sites and information studies, HAFA short sales are an incredible solution, it ensures the buyer $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 a bit bit more money which gives the second lien holder extra motivation to agree to the short sale. We’d like the second lien holder’s blessing and approval to really do a short sale.

In case you have any questions, give me a call, my 800 number is posted on the website or fill out the form below. There’s an incredible free download with further information about short sales. We are ShortSaleSlayerz.com, considered one of Sac Town’s main short sale teams. I look ahead to hearing from you soon. 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 -Avoid Foreclosure

Hi, Jason Zweigle right here with ShortSaleSlayerz.com, we’re considered one of Sac Town’s main short sale teams. I needed to speak in the present day in regards to the Bank of America HAFA short sale. Many of us on the market don’t really know what a HAFA short sale is, and it is principally a federal government backed short sale plan that many of the banks that participated in TARP additionally take part in the HAFA program. The HAFA program follows some federal guidelines, some financial institution or servicer tips, and a few investor guidelines. So, it will possibly get just a little bit complicated. Generally, there are ways to do a short sale with the Bank of America HAFA program.

The buyer or the agent can apply to get a pre-accepted HAFA short sale, and I feel this is 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 bank thinks that is nice and requests some monetary information they usually’ll send out their mortgage agent or appraiser to give a good market value for the home. There’s the problem right there. They wish to establish the worth of the house they usually aren’t the principle within the transaction, so that they should not be dictating the sale worth of the home. They will send someone out and most of the time, they’re going to tack on 20% on top of that list price or that instructed checklist price after which give you one hundred twenty days to promote the home. In case you don’t sell it, then they’re going to do a deed in lieu of foreclosure or foreclose. This isn’t an excellent option.

The way we approach a HAFA short sale with Bank of America, is that we go in the back door. We’ll provoke your short sale with Bank of America as a traditional short sale. We’ll sign an inventory settlement with you, and we’ll establish truthful market value in your residence and then listing the property. Then as soon as we now have an offer, we’ll submit that supply to the bank and request a HAFA short sale approval. The great thing about the HAFA short sale approval is both lenders have to comply with the short sale and has to conform to forgive you of any remaining balance or deficiency.

On top of that, they will even offer $3,000 to you the vendor for shifting expenses at close of escrow that’s paid right from the title firm when the deal closes. We’re ShortSaleSlayers.com, one in all Sac Town’s leading short sale teams. I’ll increase more on this in my half video. Thanks a lot 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 am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Sac Town’s main short sale teams. Thanks 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 can complete a short sale of your present house and purchase a model new or new to you house while you’re doing a short sale as long as the brand new purchase closes after the close date of your short sale. It’s important to be current and you need to qualify for this new FHA loan. There is an FHA loan program on the market for individuals who really need to downsize.

The rationale that this loan is in place is as a result of the business 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 can do a short sale, you need to qualify for the new mortgage, it’s a must to be present in your existing dwelling mortgage, and it’s a must to downsize your home. It’s a phenomenal solution in the event you’re a strategic defaulter or should you’re just somebody that does not want to cope with an underwater home.

You’ll be able to sell your house that is underwater today, buy a new house for honest market worth and be effectively forward of the game and be effectively positioned to experience this real estate recovery that is on the horizon. It may not be right now or tomorrow, but we can have a real estate recovery and there will probably be cash to be made during that recovery.

So when you have any questions in regards to 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 may as well download our free short sale information. We’re one among Sac Town’s main short sale teams and we’d be happy to talk with you. 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 Your Nevada County Short Sale Specialists-Avoid Foreclosure

Hello, I’m Jason Zweigle here with ShortSaleSlayerz.com. We’re Sac Town’s main short sale team. As we speak I want to speak in regards to the steps to approach a strategic default. It’s real simple the way you do a strategic default in my opinion. Primary, I am not an lawyer or an accountant, so if you are going to consider a strategic default, you might wish to speak with an accountant or an attorney to see what the legal and tax ramifications could be.

If you are a house owner that may afford your mortgage payments and also you want to shield your credit, we are right here to help. We’ll merely come in, list your own home and present a suggestion to the bank. Then the bank will ask us for your financials and we will present them to the bank. The financial institution could ask questions about why you’re short selling when it appears like you’ll be able to afford your mortgage payments. We reply those questions honestly with integrity and we allow them to know your intensions. If you will do a default, you basically tell them you’re either going to do that short sale or let your property go to foreclosures since you don’t wish to stay in a home that’s $a hundred,000 to $200,000 upside down. More often than not, the bank is going to determine it will 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 score report. It should say one thing to the effect satisfied in full, short pay, and that does have a negative impression in your credit score report. If you happen to remain current during that time, you possibly can really purchase a house both simultaneous close or after you close your escrow on your short sale, there are loans in place where you can buy a downsized home or dwelling of lesser value. This is great information on the strategic default process.

Thanks for visiting the web site, ShortSaleSlayerz.com, we are Sac Town’s leading short sale team. When you’ve got any questions, you’ll be able to reach out to me at my 800 number or simply leave a comment and take a look at our free download on short sales. Thanks 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 Placer County Short Sale Specialists-Avoid Foreclosure