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

Hi, thanks for visiting ShortSaleSlayerz.com. We’re Nevada County’s premiere short sale team. My name is Jason Zwiegle, and at the moment we’re going ask the question, what is the strategic default? A strategic default is when a house owner is pressured to no longer make funds on their residence whether or not they can afford it. Many strategic defaulters have already attempted to do mortgage modifications and have been rejected. They acknowledge that their home is approach underwater, meaning that they owe way over what the home is worth, and it just makes financial sense to walk away from the home.

Strategic defaulters embrace people that just basically hand the keys over to the house which is named the deed in lieu. Strategic defaulters additionally embrace people who simply let their dwelling go to foreclosure. Now, the brand new strategic default is doing a strategic short sale. that is what we specialize in assisting individuals strategically default on a loan and strategically negotiate with the bank to get the financial institution to accept a short sale, whether or not they have a real hardship. Traditionally a hardship is a medical subject or a job loss or an earnings reduction. Now persons are simply saying, we aren’t’ going to make funds any longer so you’ll be able to foreclose on us, or you can do a short sale. The fascinating factor is the banks know that they obtain more money from doing a short sale. So what we are beginning to see is the banks are making the decision based on their funds just like we’re staring to encourage householders to make selections based on your own personal finances.

So in case you’re looking at your mortgage as an investment, and you see that you’re $one hundred,000 to $200,000 the other way up, and you’re feeling that a strategic default could be the right answer for you, please give us a name or click on on the beginning now button. We’ll ship you a free obtain with a number of great details about the short sale process. We’re Nevada County’s premiere short sale team. Thanks very a lot for becoming a member of us 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 Placer County Short Sale Specialists-Avoid Foreclosure

Hello, my title is Jason Zweigle, and thanks you for visiting ShortSaleSlayerz.com. We’re Nevada County’s premiere short sale team. Today’s blog topic is what’s an underwater mortgage? An underwater mortgage is a mortgage the place you owe far more than what your own home is worth. Today, sadly, many homeowners have this predicament the place they are as much as $one hundred,000 underwater. In other words their home is value $200,000 but their mortgage is $four hundred,000.

So, should you’re in that state of affairs, then the answer is yes, you do have an underwater mortgage. The good news is we do have a variety of options for you in that situation. I’m sure that a lot of you’ve got tried to do a loan modification. Sadly only one and one half out of ten get authorised by the banks and almost 50% of those that do get accepted, wind up again in default. I think that is as a result of the banks aren’t doing principle reductions. A precept reduction would truly help you get out of being underwater in your mortgage. We haven’t seen banks willing to do vital principle reductions.

The other factor some individuals just select to let their houses go to foreclosure. I feel that’s a horrible choice to make. I believe one of many higher options is to do a short sale. California has lately handed a bill that’s forgiving borrowers of any deficiencies. In different words they wouldn’t owe any money after completing a short sale. Plus there are legal guidelines the place you would not pay any taxes and additional to that’s you may qualify for a $three,000 HAFA incentive at the shut of escrow on a successful short sale.

So if you have some questions, why do not you click on on the get help now button or give us a name and we will speak about your particular situation. We’re Nevada County’s premiere short sale team. Thank you very a lot, 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