Hello, I am Jason Zweigle here with ShortSaleSlayerz.com. We’re one of Carmichael’s main short sale teams. Thanks for visiting our website. At this time we are going to discuss in regards to the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Primarily 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 now 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 provides a protection to second lien holders. If in case you have a primary and a second and they comply with do a short sale, that is it; you are out of debt, you’re done with a short sale and you will owe no more money. This bill solely applies to short sales and not foreclosures. Many individuals are handing the banks the keys and walking away. This isn’t a good idea because the second lien holders can come after you for the remaining debt since you really walked away from it.

This new senate bill is a superb advantage in the short sale game for the California consumer. Additionally, one other added stipulation, the banks can now 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 offer as a technique to incentivize the bank to conform to a short sale and sometimes that’s a very good move. The customer can supply $four,000 to $5,000 to make the deal go through. They’re getting an incredible deal anyway, so if they’ve so as to add a little bit money to make the deal go through, it is no harm no foul.

In case you have any questions, you can reach out to me. My number is on the website or you’ll be able to fill out the form below. We’re ShortSaleSlayerz.com and one of Carmichael’s leading short sale teams. We look forward to hearing from you soon, 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

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Carmichael’s main short sale teams. As we speak we’re going to reply the million dollar query, Is your house underwater? That means mainly you owe more to your financial institution than what your house is worth. This is universally essentially the most requested question. Most people know their house is underwater, however they do not know by how much. When you have an underwater mortgage, you’re in all probability questioning how much your own home is worth and how far upside down you are. You may also be wondering how you’ll ever get out of this mess. I believe that a short sale is a great solution to get out of being underwater. Foreclosures can also be an option however with that comes a lot of authorized and financial burdens that may be related to foreclosures.

Now we have a great new device that we wish to offer you for free. That is our new short sale calculator. We’ve partnered up with Zillow to provide you with some key pieces of knowledge; A. What’s your private home worth? B. How far upside down are you, and C. How long will it take you till you could have a zero equity balance? Right now, lots of you watching this owe far more than what your property is worth. Hopefully you should use the short sale calculator to determine if a short sale is best for you or should you ought to maintain your home.

Fill out the form beneath and reach out to us. Benefit from this free tool, there isn’t any obligation whatsoever. We even have a free download with some great information about short sales. Thanks for visiting ShortSaleSlayerz.com, where we are considered one of Carmichael’s main short sale teams.

If in case you have any questions, you can call us at any time. Our number is 1-800-646-0362 or go to the website. Thanks lots, and have a great 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 certainly one of Carmichael’s leading short sale teams. The subject right now is what to do when you can’t make your mortgage payments. There are a number of choices for you if you can’t make your mortgage payments. You may reach out to your financial institution and speak to them about a mortgage modification. Many individuals try to do loan modifications and it’s probably the most irritating experiences they’ve ever gone through. Whether the financial institution won’t respond or lose your paperwork ten or fifteen times. I’ve even heard tales from shoppers that did not go through us and wound up making an attempt to do a loan modification and lost their residence to foreclosure in the course of mortgage modification. In our opinion a loan modification isn’t the greatest solution.

You can even do foreclosure, simply walk away and let the financial institution take it back. This additionally is not one of the best solution. You may also do a deed in lieu of foreclosure and what that means is you inform the bank they needn’t foreclose on your property, you will voluntarily leave. No harm, no foul. Foreclosures and deed in lieu of foreclosure both have a adverse affect on your credit. Both of these additionally leave you open to second lien holders and sometimes first lien holders having the ability to come after you to try and acquire that unpaid balance. That can be a scary thing as well whenever you’re attempting to recuperate financially.

I believe a phenomenal resolution 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 loss of value. Primary, a short sale is a big profit to you the seller. You possibly can walk away from your own home, get out of debt, not owe anything, truly get a bit bit of money in your pocket and move on. For the financial institution, they get a bit of bit extra money from a short sale than a foreclosure. The rest of the neighborhood will not have the unpleasant vacant homes which are getting vandalized.

So when you’ve got any extra questions, fill out the form below. It’s also possible to use the form below to get to our free short sale calculator. It’s a fantastic device and I really encourage you to use that. We’re ShortSaleSlayerz.com, considered one of Carmichael’s leading short sale teams. We’re here that will help you make the fitting choice for your situation. Have a great 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

Hello, Jason Zweigle here with ShortSaleSlayerz.com, we’re certainly one of Carmichael’s main short sale teams. Thank you for visiting our website. Right now we’ll talk concerning the part 2 of the Bank of America HAFA short sale program. I needed to broaden a little bit on how we approach the short sale option. Within the first video, we talked about going by way of the entrance door of the HAFA program where we get the bank’s sale price. It’s like a preapproved short sale. That is a catastrophic mistake for any agent or consumer to ask the financial institution to offer you a value to promote your home. There is a back door HAFA program that we use and basically we take an offer and submit it and then we request for HAFA short sale approval, getting you the benefits of the HAFA short sale, the $three,000, but not having the financial institution meddle with our sale price and contract.

A lot of this is also investor driven. You have got a servicer such as Bank of America and generally they’ve a portfolio mortgage meaning it is their money that’s invested within the house, but more often than not, it is going to be a Fannie or Freddie or possibly even Wells Fargo or Chase’s cash or some other investor’s. We even have investor guidelines that we have to get through to get a HAFA short sale approval.

I like to recommend if you are going to consider a short sale or a HAFA short sale that you simply undoubtedly work with a extremely skilled agent that has accomplished numerous short sales. I would say 50 to 60 plus before they’ve actual tried and true expertise so that they know find out how to navigate through these difficult short sales. The good news is, opposite to popular news out there on the web sites and news stories, HAFA short sales are a great solution, it ensures the consumer $3,000 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 somewhat bit more cash which gives the second lien holder extra motivation to agree to the short sale. We want the second lien holder’s blessing and approval to truly do a short sale.

In case 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 fantastic free download with further information about short sales. We are ShortSaleSlayerz.com, certainly one of Carmichael’s main short sale teams. I look ahead to hearing from you soon. Thanks and have an incredible 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 right here with ShortSaleSlayerz.com, we’re certainly one of Carmichael’s leading short sale teams. I needed to speak at present in regards to the Bank of America HAFA short sale. Many of us out there do not really know what a HAFA short sale is, and it is mainly a federal authorities backed short sale plan that most of the banks that participated in TARP also take part in the HAFA program. The HAFA program follows some federal pointers, some financial institution or servicer pointers, and a few investor guidelines. So, it may possibly get a bit bit complicated. Normally, there are two methods to do a short sale with the Bank of America HAFA program.

The patron or the agent can apply to get a pre-authorized HAFA short sale, and I think this is a big mistake, and it’s 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 would like to do a short sale. The financial institution thinks that’s great and requests some monetary information and so they’ll ship out their loan agent or appraiser to provide a fair market value for the home. There’s the issue proper there. They wish to set up the worth of the home they usually aren’t the principle within the transaction, so that they shouldn’t be dictating the sale price of the home. They’re going to ship somebody out and most of the time, they’ll tack on 20% on top of that list price or that prompt list value after which provide you with 120 days to promote the home. If you happen to do not sell it, then they’ll do a deed in lieu of foreclosure or foreclose. This is not a very good option.

The way we strategy 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 agreement with you, and we’ll set up fair market value for your home and then record the property. Then as soon as we’ve a suggestion, we’ll submit that provide to the bank and request a HAFA short sale approval. The beauty of the HAFA short sale approval is each lenders must 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 $3,000 to you the vendor for moving expenses at close of escrow that’s paid right from the title firm when the deal closes. We’re ShortSaleSlayers.com, considered one of Carmichael’s leading short sale teams. I am going to broaden more on this in my half 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 Your Nevada County Short Sale Specialists-Avoid Foreclosure

Hello, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Carmichael’s main short sale teams. Thank you for visiting the website. Right now I’m wrapping up my three part collection on strategic default with the bail and buy program. Consider it or not, you’ll be able to complete a short sale of your current residence and buy a model new or new to you house when you are doing a short sale as long as the brand new purchase closes after the close date of your short sale. It’s a must to be current and you have to qualify for this new FHA loan. There is an FHA mortgage program out there for people who actually need to downsize.

The reason that this loan is in place is because the trade 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 can do a short sale, it’s a must to qualify for the brand new mortgage, it’s a must to be present on your existing home loan, and it’s a must to downsize your home. It is a phenomenal answer should you’re a strategic defaulter or in the event you’re just somebody that does not wish to cope with an underwater home.

You’ll be able to sell your property that’s underwater today, purchase a new dwelling for fair market worth and be nicely ahead of the game and be effectively positioned to experience this real estate recovery that is on the horizon. It might not be today or tomorrow, however we could have a real estate recovery and there will probably be cash to be made during that recovery.

So in case you have any questions concerning the bail and buy program, attain out to me by giving me a call on our 800 number, or fill out the form below. It’s also possible to obtain our free short sale information. We’re one in every of Carmichael’s leading short sale groups and we might be pleased to chat with you. Thanks and have an incredible 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

Hi, I am Jason Zweigle here with ShortSaleSlayerz.com. We are Carmichael’s main short sale team. At this time I need to talk in regards to the steps to approach a strategic default. It is real simple the way you do a strategic default in my opinion. Number one, I’m not an attorney or an accountant, so if you’re going to consider a strategic default, you would possibly want to converse with an accountant or an legal professional to see what the legal and tax ramifications could be.

If you’re a homeowner that may afford your mortgage funds and also you wish to shield your credit, we’re here to help. We will simply come in, list your private home and present an offer to the bank. Then the bank will ask us for your financials and we’ll present them to the bank. The financial institution might ask questions about why you’re short selling when it looks like you’ll be able to afford your mortgage payments. We reply those questions truthfully with integrity and we let them know your intensions. If you’ll do a default, you principally tell them you are both going to do this short sale or let your private home go to foreclosure since you do not wish to stay in a house that is $one hundred,000 to $200,000 upside down. More often than not, the financial institution is going to determine it can make sense for them because they get extra money for the short sale then if it goes to foreclosure.

So, you’ll continue to make funds, we go forward and complete the short sale and you are done and put that debt behind you. There can be a derogatory comment in your credit report. It can say something to the effect satisfied in full, short pay, and that does have a adverse impact on your credit report. For those who remain current throughout that time, you’ll be able to really buy a home both simultaneous close or after you close your escrow on your short sale, there are loans in place where you can buy a downsized residence or house of lesser value. This is nice information on the strategic default process.

Thank you for visiting the website, ShortSaleSlayerz.com, we are Carmichael’s leading short sale team. If 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 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 Grass Valley Short Sale Specialists-Avoid Foreclosure