Hello, I am Jason Zweigle here with ShortSaleSlayerz.com. We’re one of Placer County’s leading short sale teams. Thank you for visiting our website. Right now we’re going to talk in regards to the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Essentially it’s 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 primary lien holder could not come after a seller for a deficiency and they’d waive all deficiency rights. In other words, they could not come after you and ask you to repay the forgiven balance of the short sale.

This new senate bill provides a safety to second lien holders. If you have a primary and a second and they agree to do a short sale, that is it; you are out of debt, you are finished with a short sale and you’ll owe no more money. This bill only applies to short sales and never foreclosures. Many individuals are handing the banks the keys and walking 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 great benefit within the short sale game for the California consumer. Additionally, one other added stipulation, the banks can no longer 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’ll be able to provide as a solution to incentivize the bank to conform to a short sale and generally that’s a great move. The buyer can provide $four,000 to $5,000 to make the deal go through. They’re getting an unbelievable deal anyway, so if they have so as to add just a little cash to make the deal go through, it’s no harm no foul.

When you have any questions, you may reach out to me. My number is on the web site or you’ll be able to fill out the form below. We’re ShortSaleSlayerz.com and one of Placer County’s main short sale teams. We look forward to hearing from you soon, 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 Nevada County Short Sale Specialists-Avoid Foreclosure

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re one of Placer County’s leading short sale teams. At the moment we’ll reply the million dollar query, Is your property underwater? That means basically you owe more to your financial institution than what your house is worth. This is universally the most requested question. Most individuals know their home is underwater, however they do not know by how much. When you have an underwater mortgage, you are in all probability wondering how much your property is worth and how far upside down you are. You might also be questioning how you’ll ever get out of this mess. I feel that a short sale is a superb solution to get out of being underwater. Foreclosure is also an option but with that comes quite a lot of legal and monetary burdens that may be related to foreclosures.

We now have an amazing new instrument that we need to offer 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 is your own home worth? B. How far upside down are you, and C. How long will it take you until you have a zero equity balance? Right now, a lot of you watching this owe far more than what your property is worth. Hopefully you should utilize the short sale calculator to resolve if a short sale is best for you or if you happen to should maintain your home.

Fill out the form beneath and reach out to us. Benefit from this free instrument, there isn’t any obligation whatsoever. We also have a free download with some nice details about short sales. Thank you for visiting ShortSaleSlayerz.com, where we are considered one of Placer County’s leading short sale teams.

If you have any questions, you can call us at any time. Our number is 1-800-646-0362 or visit the website. Thanks lots, 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 Nevada County Short Sale Specialists-Avoid Foreclosure

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re one of Placer County’s leading short sale teams. The topic at the moment 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’ll be able to reach out to your financial institution and talk to them a few loan modification. Many people try to do mortgage 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 stories from clients that did not go through us and wound up trying to do a loan modification and lost their house to foreclosure in the midst of loan modification. In our opinion a mortgage modification isn’t the best solution.

You may as well do foreclosure, simply walk away and let the financial institution take it back. This additionally isn’t the very best solution. It’s also possible to do a deed in lieu of foreclosure and what that means is you tell the bank they need not foreclose on your home, you’ll voluntarily leave. No harm, no foul. Foreclosure and deed in lieu of foreclosures each have a adverse affect on your credit. Each of these additionally leave you open to second lien holders and typically first lien holders having the ability to come after you to try to accumulate that unpaid balance. That can be a scary factor as well if you’re attempting to recover financially.

I think a phenomenal solution in today’s market and the banks are beginning to see that short sales are what are going to dig us out of this real estate nightmare and this huge lack of value. Number one, a short sale is a big benefit to you the seller. You may walk away from your property, get out of debt, not owe anything, truly get a little bit of cash in your pocket and move on. For the financial institution, they get just a little bit more money from a short sale than a foreclosure. The rest of the neighborhood will not have the unsightly vacant houses which can be getting vandalized.

So when 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 great instrument and I actually encourage you to use that. We’re ShortSaleSlayerz.com, one of Placer County’s leading short sale teams. We’re right here to help you make the appropriate resolution to 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 -Avoid Foreclosure

Hi, Jason Zweigle here with ShortSaleSlayerz.com, we’re certainly one of Placer County’s leading short sale teams. Thank you for visiting our website. At this time we will discuss in regards to the part 2 of the Bank of America HAFA short sale program. I wished to expand somewhat on how we approach the short sale option. Within the first video, we talked about going through the front door of the HAFA program the place we get the financial institution’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 price to sell your home. There is a back door HAFA program that we use and mainly we take a proposal 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 that is also investor driven. You will have a servicer similar to Bank of America and sometimes they have a portfolio mortgage which means it is their money that is invested within the dwelling, but more often than not, it is going to be a Fannie or Freddie or maybe even Wells Fargo or Chase’s cash or another investor’s. We even have investor guidelines that we now 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 positively work with a extremely skilled agent that has executed quite a few short sales. I’d say 50 to 60 plus before they’ve actual tried and true experience so they know the best way to navigate through these difficult short sales. The excellent news is, opposite to popular information out there on the web sites and information reports, HAFA short sales are an incredible resolution, it guarantees the buyer $three,000 at close of escrow and it ensures forgiveness of any debt. It is 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 conform to the short sale. We’d like the second lien holder’s blessing and approval to truly do a short sale.

If you have any questions, give me a call, my 800 number is posted on the website or fill out the form below. There’s a terrific free download with additional information about short sales. We’re ShortSaleSlayerz.com, certainly one of Placer County’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 Your Nevada City Short Sale Specialists-Avoid Foreclosure

Hi, Jason Zweigle right here with ShortSaleSlayerz.com, we’re considered one of Placer County’s leading short sale teams. I needed to speak right this moment in regards to the Bank of America HAFA short sale. Many of us on the market don’t actually know what a HAFA short sale is, and it’s principally a federal government backed short sale plan that most of the banks that participated in TARP additionally take part within the HAFA program. The HAFA program follows some federal guidelines, some financial institution or servicer pointers, and some investor guidelines. So, it could actually get a bit bit complicated. Normally, there are two ways 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 this can be a large mistake, and it is why the HAFA short sale has such a bad name out there. Principally 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 value for the home. There’s the problem right there. They need to establish the worth of the home and they aren’t the principle within the transaction, so they shouldn’t be dictating the sale price of the home. They’re going to send any person out and as a rule, they are going to tack on 20% on top of that list worth or that prompt listing price and then give you 120 days to promote the home. Should you do not sell it, then they’ll do a deed in lieu of foreclosure or foreclose. This is not a great option.

The way we method 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 traditional short sale. We’ll sign a list settlement with you, and we’ll establish honest market value for your house and then listing the property. Then once we now have a suggestion, we will submit that supply to the financial institution and request a HAFA short sale approval. The beauty of the HAFA short sale approval is each lenders have to comply with the short sale and has to comply with forgive you of any remaining steadiness or deficiency.

On top of that, they can even offer $3,000 to you the seller for shifting expenses at close of escrow that is paid proper from the title firm when the deal closes. We’re ShortSaleSlayers.com, one in every of Placer County’s leading short sale teams. I’ll increase extra on this in my half two video. Thanks lots 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

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Placer County’s leading short sale teams. Thanks for visiting the website. At present I am wrapping up my three part sequence on strategic default with the bail and buy program. Consider it or not, you can fullfill a short sale of your current house and purchase a model new or new to you dwelling if you are doing a short sale so long as the brand new buy closes after the close date of your short sale. You must be present and you must qualify for this new FHA loan. There is an FHA mortgage program on the market for individuals who really want to downsize.

The explanation that this loan is in place is as a result of the industry and the government acknowledge 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 can do a short sale, it’s important to qualify for the brand new mortgage, it’s a must to be present on your present house mortgage, and you have to downsize your home. It is a phenomenal answer if you happen to’re a strategic defaulter or when you’re simply somebody that doesn’t want to deal with an underwater home.

You’ll be able to sell your house that’s underwater today, purchase a brand new dwelling for fair market value and be effectively ahead of the game and be nicely positioned to experience this real estate recovery that’s on the horizon. It won’t be at present or tomorrow, but we can have a real estate recovery and there will likely be money to be made throughout that recovery.

So when you’ve got 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 may also download our free short sale information. We’re considered one of Placer County’s leading short sale teams and we’d be happy to talk with you. 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, I’m Jason Zweigle here with ShortSaleSlayerz.com. We’re Placer County’s main short sale team. At this time I wish to discuss in regards to the steps to approach a strategic default. It’s real simple how you do a strategic default in my opinion. Number one, I am not an lawyer or an accountant, so if you’re going to think about a strategic default, you would possibly need to converse with an accountant or an lawyer to see what the legal and tax ramifications might be.

If you’re a home-owner that can afford your mortgage funds and you wish to shield your credit score, we’re here to help. We will simply come in, list your property and present a proposal to the bank. Then the financial institution will ask us for your financials and we will present them to the bank. The financial institution could ask questions about why you are short selling when it appears like you’ll be able to afford your mortgage payments. We reply those questions honestly with integrity and we allow them to know your intensions. If you’re going to do a default, you mainly tell them you’re either going to do this short sale or let your property go to foreclosures because you don’t need to stay in a home that’s $100,000 to $200,000 upside down. More often than not, the bank is going to figure out it will make sense for them because they get more money for the short sale then if it goes to foreclosure.

So, you’ll proceed to make funds, we go ahead and complete the short sale and you are done and put that debt behind you. There shall be a derogatory comment on your credit report. It’ll 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 stay current during that time, you may actually purchase a home both simultaneous close or after you close your escrow in your short sale, there are loans in place where you should purchase a downsized residence or residence of lesser value. That is great news on the strategic default process.

Thank you for visiting the web site, ShortSaleSlayerz.com, we are Placer County’s leading short sale team. When 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 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