Thankfully it’s getting easier for homeowners to sell their homes in a short sale without the worry of deficiency. CA Governor Brown passed SB 458 on July 15, 2011. This new law extends the protections of SB 931 to ensure that any lender that to a short sale must accept the agreed upon short sale […]
Thinking about buying a home for sale in North County?
The media really seems to contradict itself, doesn’t it? Reasons not to buy like the state of economy & the shadow inventory OR reasons why you should buy like the interest rates & short sales. Why is now a good time to buy? Shadow inventory & short sales. Contradictory? Yes but reasons to buy. Why? The current […]
Short sale success!
Short sales. That’s the buzz word these days, isn’t it? Well, most of you probably know what a short sale is, but just in case you didn’t, in a nut shell: A short sale is when a homeowner owes more on the house than its worth & must seek out lender approval in order to […]
Short sales approved in 10 days???
Can this be true? It may be starting April 5th, 2010. U.S. Treasury department is going to require that any bank receiving federal assistance will have only 10 days to respond to short sale offers presented to them. In order to be considered for the HAFA program: The home must be the principle residence of the […]
North County Short Sales approved in 7-10 days?
Did you know that the banks are streamlining short sales? Say what? Oh yes. Starting April 5, 2010 it’s going to get easier my friends. Well let’s hope so anyway. Each lending institutions will need to subscribe as participant in order implement the program. Bad news, the lender list is really short. In fact, still waiting […]
Needles in the haystack. Ouch! Short sales in North County
You may have asked yourself this question when it comes to short sales…. Should I bother with a short sale? I’ve heard they take forever to close. Well it depends. Sometimes you can get a better deal with short sales but be careful & patient. Most short sales are similar to bank owned homes, where […]
