Hello, I’m Jason Zweigle right here with ShortSaleSlayerz.com. We’re considered one of Citrus Heights’s main short sale teams. Thanks for visiting our website. Today we are going to speak in regards to the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Basically it is an modification to a previous bill that was passed about deficiencies within the state of California. If a lender agrees to do a short sale, the first lien holder may now not come after a seller for a deficiency and they would 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 protection to second lien holders. In case you have a first and a second and they agree to do a short sale, that’s it; you’re out of debt, you’re completed with a short sale and you’ll owe no extra money. This bill only applies to short sales and never foreclosures. Many individuals are handing the banks the keys and strolling away. This is not a good idea because the second lien holders can come after you for the remaining debt because you actually walked away from it.

This new senate bill is a good advantage within the short sale game for the California consumer. Also, one other 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’ll be able to supply as a way to incentivize the bank to comply with a short sale and typically that’s an excellent move. The client can offer $four,000 to $5,000 to make the deal go through. They’re getting an incredible deal anyway, so if they have 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 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 one of Citrus Heights’s main short sale teams. We look ahead to hearing from you soon, 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 Placer County Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re one of Citrus Heights’s leading short sale teams. At present we will reply the million dollar query, Is your own home underwater? Which means basically you owe more to your bank than what your private home is worth. That is universally the most requested question. Most people know their house is underwater, but they do not know by how much. If in case you have an underwater mortgage, you are most likely wondering how much your own home is worth and how far upside down you are. You may also be questioning how you will ever get out of this mess. I feel that a short sale is a superb resolution to get out of being underwater. Foreclosure can be an possibility but with that comes a variety of authorized and monetary burdens that can be associated with foreclosures.

We’ve an incredible new instrument that we need to offer you for free. This is our new short sale calculator. We have partnered up with Zillow to provide you with some key pieces of knowledge; A. What is your house worth? B. How far upside down are you, and C. How long will it take you till you’ve got a zero equity balance? Right now, lots of you watching this owe way over what your private home is worth. Hopefully you can use the short sale calculator to resolve if a short sale is right for you or if you happen to should hold your home.

Fill out the form below and reach out to us. Benefit from this free tool, there is not any obligation whatsoever. We even have a free download with some nice information about short sales. Thanks for visiting ShortSaleSlayerz.com, where we’re certainly one of Citrus Heights’s main short sale teams.

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

Hello, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Citrus Heights’s leading short sale teams. The subject at this time is what to do when you can’t make your mortgage payments. There are several choices for you if you can’t make your mortgage payments. You’ll be able to reach out to your bank and talk to them a couple of mortgage modification. Many individuals try to do mortgage modifications and it’s the most irritating experiences they’ve ever gone through. Whether the bank will not respond or lose your paperwork ten or fifteen times. I’ve even heard tales from purchasers that did not go through us and wound up making an attempt to do a mortgage modification and misplaced their home to foreclosure in the course of loan modification. In our opinion a mortgage modification isn’t the best solution.

You may also do foreclosure, just walk away and let the bank take it back. This additionally is not the perfect solution. You may also do a deed in lieu of foreclosure and what meaning is you tell the financial institution they don’t need to foreclose on your house, you will voluntarily leave. No harm, no foul. Foreclosure and deed in lieu of foreclosures each have a adverse affect on your credit. Both of those also leave you open to second lien holders and typically first lien holders having the ability to come after you to attempt to accumulate that unpaid balance. That may be a scary factor as well when you’re attempting to recover financially.

I feel an outstanding resolution 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 big loss of value. Primary, a short sale is a large profit to you the seller. You may walk away from your house, get out of debt, not owe anything, really get a bit of bit of money 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 will not have the unpleasant vacant homes which are getting vandalized.

So when you’ve got any more questions, fill out the form below. You may as well use the form below to get to our free short sale calculator. It’s an awesome device and I really encourage you to make use of that. We’re ShortSaleSlayerz.com, considered one of Citrus Heights’s leading short sale teams. We’re right here that will help you make the suitable choice for your situation. Have an incredible day, thank you 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 right here with ShortSaleSlayerz.com, we’re considered one of Citrus Heights’s main short sale teams. Thanks for visiting our website. At the moment we will talk concerning the part 2 of the Bank of America HAFA short sale program. I wanted to increase just a little on how we approach the short sale option. In the first video, we talked about going by way of the front 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 provide you a value to promote your home. There’s a back door HAFA program that we use and mainly we take a proposal and submit it after which 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.

Loads of that is additionally investor driven. You’ve a servicer equivalent to Bank of America and sometimes they have a portfolio mortgage which means it’s their cash that’s invested in the home, but more often than not, it should be a Fannie or Freddie or perhaps even Wells Fargo or Chase’s cash or another investor’s. We also have investor guidelines that we’ve to get through to get a HAFA short sale approval.

I like to recommend if you are going to contemplate a short sale or a HAFA short sale that you undoubtedly work with a extremely experienced agent that has carried out numerous short sales. I might say 50 to 60 plus before they have real tried and true experience in order that they know easy methods to navigate through these difficult short sales. The good news is, opposite to popular information on the market on the web sites and news studies, HAFA short sales are a terrific solution, it guarantees the buyer $3,000 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 little bit more cash which gives the second lien holder extra motivation to comply with the short sale. We’d like the second lien holder’s blessing and approval to actually do a short sale.

In case you have any questions, give me a call, my 800 number is posted on the website or fill out the form below. There’s an incredible free download with further details about short sales. We are ShortSaleSlayerz.com, one of Citrus Heights’s leading short sale teams. I look forward to hearing from you soon. 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 -Avoid Foreclosure

Hello, Jason Zweigle right here with ShortSaleSlayerz.com, we’re certainly one of Citrus Heights’s main short sale teams. I needed to talk immediately concerning the Bank of America HAFA short sale. Many folks out there do not really know what a HAFA short sale is, and it’s mainly a federal authorities backed short sale plan that most of the banks that participated in TARP also participate within the HAFA program. The HAFA program follows some federal pointers, some financial institution or servicer tips, and a few investor guidelines. So, it may possibly get slightly bit complicated. On the whole, there are ways 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 feel this can be a huge mistake, and it is why the HAFA short sale has such a bad name out there. Mainly a consumer or agent goes to the bank and tells them they want to do a short sale. The bank thinks that is nice and requests some monetary info and they’ll ship out their loan agent or appraiser to present a good market worth for the home. There’s the issue right there. They need to set up the value of the home and they aren’t the principle within the transaction, so they shouldn’t be dictating the sale value of the home. They’re going to send any individual out and more often than not, they’re going to tack on 20% on top of that list value or that suggested record value and then give you 120 days to promote the home. In case you don’t sell it, then they will do a deed in lieu of foreclosures or foreclose. This isn’t a superb option.

The way in which we approach a HAFA short sale with Bank of America, is that we go within the back door. We’ll provoke your short sale with Bank of America as a standard short sale. We’ll sign an inventory settlement with you, and we’ll set up honest market value for your residence and then record the property. Then once now we have an offer, we are going to submit that provide to the bank and request a HAFA short sale approval. The beauty of the HAFA short sale approval is both lenders should conform to the short sale and has to comply with forgive you of any remaining balance or deficiency.

On top of that, they can even offer $3,000 to you the vendor for transferring expenses at close of escrow that is paid right from the title company when the deal closes. We’re ShortSaleSlayers.com, considered one of Citrus Heights’s leading short sale teams. I will increase extra on this in my half video. Thanks loads 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, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Citrus Heights’s leading short sale teams. Thank you for visiting the website. At the moment I am wrapping up my three part collection on strategic default with the bail and buy program. Consider it or not, you can complete a short sale of your present home and purchase a brand new or new to you home while you’re doing a short sale so long as the new buy closes after the close date of your short sale. You must be current and it’s a must to qualify for this new FHA loan. There is an FHA loan 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 are able to do a short sale, you have to qualify for the brand new mortgage, you need to be current in your existing home loan, and you need to downsize your home. It is a phenomenal resolution if you’re a strategic defaulter or in the event you’re simply someone that does not want to take care of an underwater home.

You can promote your property that is underwater today, buy a new dwelling for truthful market value and be well ahead of the game and be properly positioned to experience this real estate recovery that’s on the horizon. It might not be in the present day or tomorrow, but we could have a real estate recovery and there will probably be cash to be made throughout that recovery.

So when you have any questions concerning the bail and buy program, reach out to me by giving me a call on our 800 number, or fill out the form below. You can even download our free short sale information. We’re one in all Citrus Heights’s leading short sale groups and we might be completely satisfied to chat with you. Thanks 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 here with ShortSaleSlayerz.com. We are Citrus Heights’s leading short sale team. At this time I want to talk about the steps to approach a strategic default. It’s real simple the way you do a strategic default in my opinion. Number one, I am not an lawyer or an accountant, so if you’re going to consider a strategic default, you may need to converse with an accountant or an attorney to see what the legal and tax ramifications might be.

If you are a homeowner that can afford your mortgage funds and you want to defend your credit score, we’re right here to help. We will simply come in, list your house 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 bank may ask questions about why you are short selling when it appears like you possibly can afford your mortgage payments. We answer those questions actually with integrity and we let them know your intensions. If you’re going to do a default, you principally tell them you are both going to do that short sale or let your private home go to foreclosure because you do not wish to stay in a home that is $100,000 to $200,000 upside down. More often than not, the financial institution is going to determine it is going to 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 funds, we go forward and complete the short sale and you’re done and put that debt behind you. There will probably be a derogatory remark in your credit report. It’s going to say something to the effect satisfied in full, short pay, and that does have a destructive affect on your credit score report. For those who remain current during that time, you possibly can truly purchase a home either simultaneous close or after you close your escrow in your short sale, there are loans in place where you should buy a downsized dwelling or home of lesser value. That is great information on the strategic default process.

Thank you for visiting the web site, ShortSaleSlayerz.com, we’re Citrus Heights’s main short sale team. When you have any questions, you’ll be able to reach out to me at my 800 number or simply leave a comment and take a look at our free download on short sales. Thanks and have an excellent 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