Hi, I am Jason Zweigle here with ShortSaleSlayerz.com. We’re considered one of Nevada County’s leading short sale teams. Thank you for visiting our website. Right now we are going to talk about the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Essentially it is an modification 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 not come after a seller 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 safety to second lien holders. When you have a primary and a second and they agree to do a short sale, that’s it; you are out of debt, you are done with a short sale and you’ll owe no extra money. This bill only applies to short sales and not foreclosures. Many people 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 really walked away from it.

This new senate bill is a good benefit within the short sale game for the California consumer. Also, one other added stipulation, the banks can not 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 method to incentivize the financial institution to conform to a short sale and typically that is a superb move. The client can provide $4,000 to $5,000 to make the deal go through. They’re getting an incredible deal anyway, so if they’ve to add a bit money to make the deal go through, it is no harm no foul.

When you’ve got any questions, you may reach out to me. My number is on the website or you may 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 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, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Nevada County’s main short sale teams. Right now we’re going to answer the million dollar query, Is your private home underwater? That means basically you owe more to your bank than what your house is worth. That is universally probably the most asked question. Most individuals know their house is underwater, but they do not know by how much. When you’ve got an underwater mortgage, you might be most likely wondering how much your private home is worth and how far upside down you are. You may additionally be wondering 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. Foreclosure can be an choice however with that comes a whole lot of legal and financial burdens that may be associated with foreclosures.

We’ve an important new instrument that we want to offer you for free. This is our new short sale calculator. We have partnered up with Zillow to offer you some key pieces of knowledge; A. What’s your 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 private home is worth. Hopefully you should use the short sale calculator to decide if a short sale is right for you or for those who should hold your home.

Fill out the form below and reach out to us. Benefit from this free instrument, there isn’t any obligation whatsoever. We also have a free download with some great details about short sales. Thanks for visiting ShortSaleSlayerz.com, where we are considered one of Nevada County’s leading 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 a lot, 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 -Avoid Foreclosure

Hello, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Nevada County’s main 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 options for you if you cannot make your mortgage payments. You may reach out to your bank and talk to them a couple of mortgage modification. Many people are trying to do loan modifications and it is essentially the most frustrating experiences they’ve ever gone through. Whether or not the bank will not reply or lose your paperwork ten or fifteen times. I’ve even heard tales from shoppers that did not go through us and wound up trying to do a mortgage modification and lost their home to foreclosure in the middle of loan modification. In our opinion a loan modification is not the best solution.

You can also do foreclosure, just walk away and let the financial institution take it back. This additionally isn’t the most effective solution. You can also do a deed in lieu of foreclosure and what that means is you tell the bank they needn’t foreclose on your home, you will voluntarily leave. No harm, no foul. Foreclosures and deed in lieu of foreclosures each have a unfavorable impression on your credit. Each of these also leave you open to second lien holders and sometimes first lien holders with the ability to come after you to try and accumulate that unpaid balance. That can be a scary thing as well if you’re making an attempt to recuperate financially.

I think an outstanding 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 loss of value. Number one, a short sale is a huge profit to you the seller. You may walk away from your home, get out of debt, not owe something, truly get a little bit of cash 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 remainder of the neighborhood won’t have the unpleasant vacant houses which can be getting vandalized.

So if you have any more questions, fill out the form below. You can too use the form below to get to our free short sale calculator. It is an incredible instrument and I really encourage you to use that. We’re ShortSaleSlayerz.com, certainly one of Nevada County’s main short sale teams. We’re here that will help you make the proper resolution to your situation. Have an incredible 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 -Avoid Foreclosure

Hi, Jason Zweigle here with ShortSaleSlayerz.com, we’re certainly one of Nevada County’s leading short sale teams. Thank you for visiting our website. At present we will discuss concerning the part 2 of the Bank of America HAFA short sale program. I wanted to develop somewhat on how we approach the short sale option. In the first video, we talked about going by way of the entrance door of the HAFA program the place we get the bank’s sale price. It is like a preapproved short sale. That is a catastrophic mistake for any agent or shopper 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 an offer and submit it and then we request for HAFA short sale approval, getting you the advantages of the HAFA short sale, the $3,000, however not having the financial institution meddle with our sale price and contract.

A number of that is additionally investor driven. You might have a servicer comparable to Bank of America and typically they’ve a portfolio loan meaning it is their money that’s invested in the house, but most of the time, 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 have now 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 simply positively work with a highly skilled agent that has accomplished quite a few short sales. I would say 50 to 60 plus before they have actual tried and true expertise in order that they know the best way to navigate through these challenging short sales. The good news is, opposite to popular information on the market on the websites and news experiences, HAFA short sales are an excellent resolution, it ensures the buyer $three,000 at close of escrow and it guarantees forgiveness of any debt. It’s also good for the second lien holders as a result of the first will give the second a little bit bit more cash which gives the second lien holder more motivation to comply with the short sale. We want 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 an awesome free download with additional information about short sales. We’re ShortSaleSlayerz.com, considered one of Nevada County’s main short sale teams. I look ahead to hearing from you soon. 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 -Avoid Foreclosure

Hello, Jason Zweigle here with ShortSaleSlayerz.com, we’re considered one of Nevada County’s main short sale teams. I wished to talk right this moment about the Bank of America HAFA short sale. Many people on the market don’t really know what a HAFA short sale is, and it’s mainly a federal authorities backed short sale plan that lots of the banks that participated in TARP additionally take part in the HAFA program. The HAFA program follows some federal tips, some financial institution or servicer guidelines, and some investor guidelines. So, it may well get slightly bit complicated. Usually, there are methods to do a short sale with the Bank of America HAFA program.

The consumer or the agent can apply to get a pre-approved HAFA short sale, and I think it is a big mistake, and it’s 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 would like to do a short sale. The financial institution thinks that’s great and requests some monetary data and they’ll ship out their mortgage agent or appraiser to give a good market value for the home. There’s the issue proper there. They wish to establish the worth of the house and so they aren’t the principle within the transaction, so that they shouldn’t be dictating the sale worth of the home. They’ll ship somebody out and most of the time, they will tack on 20% on top of that list worth or that steered list value and then provide you with one hundred twenty days to promote 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 great option.

The way we strategy 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 agreement with you, and we’ll set up fair market value on your residence and then record the property. Then as soon as we have now an offer, we are going to submit that offer to the bank and request a HAFA short sale approval. The great thing about the HAFA short sale approval is both lenders must agree to the short sale and has to conform to forgive you of any remaining balance or deficiency.

On top of that, they may also offer $3,000 to you the seller for transferring expenses at close of escrow that’s paid proper from the title firm when the deal closes. We’re ShortSaleSlayers.com, certainly one of Nevada County’s leading short sale teams. I am going to expand extra on this in my part two video. Thanks quite a bit 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 one of Nevada County’s main short sale teams. Thanks for visiting the website. At the moment I am wrapping up my three part series on strategic default with the bail and buy program. Believe it or not, you possibly can complete a short sale of your present residence and buy a model new or new to you dwelling if you are doing a short sale so long as the new buy closes after the close date of your short sale. You have 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 because the business and the 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 must qualify for the new loan, it’s important to be present in your current dwelling loan, and it’s a must to downsize your home. It’s a phenomenal resolution in the event you’re a strategic defaulter or if you’re simply somebody that doesn’t need to cope with an underwater home.

You’ll be able to promote your house that is underwater today, buy a new house for truthful market value and be effectively forward of the game and be properly positioned to experience this real estate recovery that’s on the horizon. It might not be right this moment or tomorrow, but we can have a real estate recovery and there will likely be cash to be made during that recovery.

So if 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 can even obtain our free short sale information. We’re one of Nevada County’s main short sale teams and we might be to speak with you. 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 -Avoid Foreclosure

Hi, I am Jason Zweigle here with ShortSaleSlayerz.com. We’re Nevada County’s main short sale team. Today I wish to talk about the steps to approach a strategic default. It’s real easy the way you do a strategic default in my opinion. Number one, I am not an legal professional or an accountant, so if you are going to think about a strategic default, you might need to communicate with an accountant or an attorney to see what the legal and tax ramifications might be.

In case you are a house owner that can afford your mortgage payments and also you wish to protect your credit, we are here to help. We will simply come in, list your private home 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 bank might ask questions about why you are short selling when it appears like you may afford your mortgage payments. We answer those questions honestly with integrity and we allow them to know your intensions. If you’re going to do a default, you basically inform them you are both going to do that short sale or let your property go to foreclosures because you don’t wish to stay in a home that’s $a hundred,000 to $200,000 upside down. As a rule, the financial institution is going to figure out it is going to 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’re done and put that debt behind you. There will likely be a derogatory comment on your credit score report. It will say one thing to the effect satisfied in full, short pay, and that does have a destructive affect on your credit report. If you happen to remain current throughout that point, you’ll be able to actually purchase a home both simultaneous close or after you close your escrow in your short sale, there are loans in place where you can buy a downsized dwelling or house of lesser value. That is great information on the strategic default process.

Thanks for visiting the web site, ShortSaleSlayerz.com, we’re Nevada County’s leading short sale team. In case you have any questions, you can reach out to me at my 800 number or just leave a comment and check out 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