Hi, I am Jason Zweigle right here with ShortSaleSlayerz.com. We’re one among Nevada County’s main short sale teams. Thank you for visiting our website. At the moment we’re going to discuss about the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Essentially 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 first lien holder may now not come after a vendor for a deficiency and they’d 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. If you have a first and a second and they agree to do a short sale, that is it; you’re out of debt, you are accomplished 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 isn’t a good suggestion because the second lien holders can come after you for the remaining debt since you actually walked away from it.

This new senate bill is a superb advantage in the short sale game for the California consumer. Also, one different added stipulation, the banks can now not 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 solution to incentivize the financial institution to comply with a short sale and generally that’s an excellent move. The client can supply $four,000 to $5,000 to make the deal go through. They’re getting an unbelievable deal anyway, so if they have to add a little bit money to make the deal go through, it is no harm no foul.

If you have any questions, you possibly 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 certainly one of Nevada County’s leading 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 Your Placer County Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re one of Nevada County’s main short sale teams. At this time we’re going to answer the million dollar query, Is your property underwater? That means mainly you owe more to your bank than what your home is worth. That is universally probably the most requested question. Most individuals know their home is underwater, but they do not know by how much. If you have an underwater mortgage, you might be in all probability questioning how much your own home is worth and how far upside down you are. You may additionally be questioning how you’ll ever get out of this mess. I feel that a short sale is a good resolution to get out of being underwater. Foreclosure can also be an possibility however with that comes plenty of authorized and monetary burdens that may be related to foreclosures.

We’ve got an incredible new instrument that we need to give you for free. That is our new short sale calculator. We have partnered up with Zillow to provide you with some key pieces of information; A. What’s your private home worth? B. How far upside down are you, and C. How long will it take you till you have a zero equity balance? Right now, many of you watching this owe way over what your own home is worth. Hopefully you should use the short sale calculator to decide if a short sale is best for you or when you ought to maintain your home.

Fill out the form beneath and reach out to us. Benefit from this free instrument, there’s no obligation whatsoever. We even have a free download with some nice details about short sales. Thank you for visiting ShortSaleSlayerz.com, where we’re considered one of Nevada County’s main short sale teams.

If 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 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 Granite Bay Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Nevada County’s main short sale teams. The topic right now is what to do when you can’t make your mortgage payments. There are several options for you if you cannot make your mortgage payments. You’ll be able to reach out to your bank and speak to them a few mortgage modification. Many people are attempting to do loan modifications and it’s essentially the most irritating experiences they’ve ever gone through. Whether or not the financial institution will not reply or lose your paperwork ten or fifteen times. I’ve even heard stories from clients that didn’t go through us and wound up making an attempt to do a loan modification and lost their house to foreclosure in the middle of mortgage modification. In our opinion a loan modification isn’t the best solution.

You can even do foreclosure, simply walk away and let the bank take it back. This also isn’t one of the best solution. You may also do a deed in lieu of foreclosure and what meaning is you inform the bank they needn’t foreclose on your house, 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 these also leave you open to second lien holders and sometimes first lien holders having the ability to come after you to try and accumulate that unpaid balance. That may be a scary thing as well if you’re making an attempt to recuperate financially.

I think a phenomenal 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 big lack of value. Primary, a short sale is a large benefit to you the seller. You can walk away from your house, get out of debt, not owe anything, really get just a little bit of money in your pocket and move on. For the bank, they get a little bit bit more cash from a short sale than a foreclosure. The rest of the neighborhood will not have the unsightly vacant homes that are getting vandalized.

So in case you have any extra questions, fill out the form below. You may also use the form below to get to our free short sale calculator. It’s a fantastic device and I actually encourage you to use that. We’re ShortSaleSlayerz.com, considered one of Nevada County’s leading short sale teams. We’re here to help you make the fitting determination for your situation. Have an awesome 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 one of Nevada County’s leading short sale teams. Thanks for visiting our website. At present we’ll discuss about the part 2 of the Bank of America HAFA short sale program. I wanted to develop just a little on how we approach the short sale option. Within the first video, we talked about going via the front door of the HAFA program the place we get the financial institution’s sale price. It is like a preapproved short sale. That’s a catastrophic mistake for any agent or consumer to ask the financial institution to offer you a price to sell your home. There is a back door HAFA program that we use and basically we take an offer and submit it after which we request for HAFA short sale approval, getting you the benefits of the HAFA short sale, the $3,000, however not having the bank meddle with our sale price and contract.

Lots of that is also investor driven. You’ve gotten a servicer resembling Bank of America and sometimes they have a portfolio loan meaning it is their money that is invested within the home, however more often than not, it is going to be a Fannie or Freddie or possibly even Wells Fargo or Chase’s money or another investor’s. We even have investor guidelines that we have to get through to get a HAFA short sale approval.

I recommend if you are going to consider a short sale or a HAFA short sale that you definitely work with a extremely experienced agent that has achieved numerous short sales. I’d say 50 to 60 plus before they have actual tried and true expertise so that they know the way to navigate through these challenging short sales. The good news is, opposite to popular information out there on the websites and news reviews, HAFA short sales are a fantastic answer, it guarantees the buyer $three,000 at close of escrow and it ensures forgiveness of any debt. It’s also good for the second lien holders because the first will give the second a bit of bit more cash which gives the second lien holder extra motivation to conform to the short sale. We need 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 great free download with extra details about short sales. We’re ShortSaleSlayerz.com, one of Nevada County’s leading short sale teams. I look ahead 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 Your Sac Town Short Sale Specialists-Avoid Foreclosure

Hello, Jason Zweigle right here with ShortSaleSlayerz.com, we’re considered one of Nevada County’s leading short sale teams. I wished to speak at the moment concerning the Bank of America HAFA short sale. Many people on the market do not really know what a HAFA short sale is, and it’s mainly a federal government backed short sale plan that most of the banks that participated in TARP additionally participate in the HAFA program. The HAFA program follows some federal guidelines, some financial institution or servicer tips, and some investor guidelines. So, it can get just a little bit complicated. Normally, there are two methods to do a short sale with the Bank of America HAFA program.

The buyer or the agent can apply to get a pre-authorized HAFA short sale, and I believe this can be a large mistake, and it is why the HAFA short sale has such a bad name out there. Mainly a client or agent goes to the bank and tells them they want to do a short sale. The bank thinks that’s great and requests some monetary info and they’ll send out their loan agent or appraiser to offer a good market worth for the home. There’s the issue right there. They want to set up the value of the home and they aren’t the principle in the transaction, in order that they shouldn’t be dictating the sale worth of the home. They are going to ship any person out and most of the time, they’ll tack on 20% on top of that list worth or that urged record price and then give you one hundred twenty days to sell the home. For those who don’t sell it, then they’re going to do a deed in lieu of foreclosure or foreclose. This isn’t a superb option.

The best way we approach 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 conventional short sale. We’ll sign a list settlement with you, and we’ll set up honest market worth in your house and then checklist the property. Then as soon as now we have an offer, we will submit that supply to the bank and request a HAFA short sale approval. The beauty of the HAFA short sale approval is both lenders should comply with the short sale and has to agree to forgive you of any remaining steadiness or deficiency.

On top of that, they will even provide $three,000 to you the seller for moving expenses at close of escrow that is paid right from the title firm when the deal closes. We’re ShortSaleSlayers.com, one of Nevada County’s leading short sale teams. I am going to develop more on this in my half video. Thanks rather a lot 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 Nevada City Short Sale Specialists-Avoid Foreclosure

Hello, I am Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Nevada County’s leading 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. Consider it or not, you may fullfill a short sale of your present dwelling and purchase a model new or new to you house while you’re doing a short sale so long as the brand new buy closes after the close date of your short sale. You have to be current and you must qualify for this new FHA loan. There’s an FHA loan program on the market for individuals who really want to downsize.

The reason that this loan is in place is because the trade and the federal government recognize that people 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 brand new mortgage, you need to be present on your present dwelling mortgage, and it’s a must to downsize your home. It is a phenomenal answer if you happen to’re a strategic defaulter or should you’re just someone that doesn’t want to deal with an underwater home.

You can sell your home that’s underwater today, buy a new residence for truthful market value and be effectively ahead of the game and be properly positioned to experience this real estate recovery that’s on the horizon. It may not be at this time or tomorrow, but we can have a real estate recovery and there can be cash to be made during that recovery.

So when you have any questions about the bail and buy program, reach out to me by giving me a call on our 800 number, or fill out the form below. It’s also possible to download our free short sale information. We’re one in all Nevada County’s leading short sale teams and we’d be pleased to talk with you. 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 Placer County Short Sale Specialists-Avoid Foreclosure

Hello, I’m Jason Zweigle here with ShortSaleSlayerz.com. We’re Nevada County’s main short sale team. Today I need to talk in regards to the steps to approach a strategic default. It’s real easy how you do a strategic default in my opinion. Number one, I am not an lawyer or an accountant, so if you are going to consider a strategic default, you may want to converse with an accountant or an attorney to see what the legal and tax ramifications may be.

If you are a house owner that can afford your mortgage payments and you wish to defend your credit, we’re here to help. We’ll merely come in, list your own home and present an offer to the bank. Then the financial institution will ask us for your financials and we’ll present them to the bank. The bank could ask questions on why you’re short selling when it seems to be like you can afford your mortgage payments. We reply those questions honestly with integrity and we let them know your intensions. If you are going to do a default, you principally tell them you are both going to do this short sale or let your home go to foreclosure because you do not 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 cash for the short sale then if it goes to foreclosure.

So, you will proceed to make payments, we go forward and complete the short sale and you’re done and put that debt behind you. There will likely be a derogatory remark on your credit report. It is going to say one thing to the effect satisfied in full, short pay, and that does have a destructive impression in your credit report. For those who remain current during that point, you’ll be able to actually purchase 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 residence or home of lesser value. That is great news on the strategic default process.

Thank you for visiting the website, ShortSaleSlayerz.com, we’re Nevada County’s main short sale team. When you’ve got 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 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 Nevada County Short Sale Specialists-Avoid Foreclosure