Hello, I’m Jason Zweigle right here with ShortSaleSlayerz.com. We’re one among Penn Valley’s main short sale teams. Thanks for visiting our website. At present we’re going to speak concerning the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Primarily it’s an amendment 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 might no longer come after a vendor for a deficiency and they’d 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 you have a primary and a second and they comply with do a short sale, that’s it; you’re out of debt, you’re accomplished with a short sale and you will owe no extra money. This bill solely applies to short sales and not foreclosures. Many individuals are handing the banks the keys and walking away. This is not a good idea because 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 superb benefit within the short sale game for the California consumer. Additionally, one other added stipulation, the banks can 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 possibly can supply as a solution to incentivize the bank to comply with a short sale and typically that is a superb move. The client can offer $4,000 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 cash to make the deal go through, it’s no harm no foul.

In case you have any questions, you may reach out to me. My number is on the web site or you possibly can fill out the form below. We’re ShortSaleSlayerz.com and one among Penn Valley’s main 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 -Avoid Foreclosure

Hello, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Penn Valley’s main short sale teams. At present we’ll reply the million dollar query, Is your property underwater? That means mainly you owe more to your bank than what your home is worth. That is universally essentially the most requested question. Most people know their house is underwater, but they do not know by how much. If you have an underwater mortgage, you might be in all probability questioning how much your home 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 good resolution to get out of being underwater. Foreclosures is also an choice however with that comes numerous authorized and monetary burdens that may be associated with foreclosures.

We’ve an amazing new device that we wish to offer you for free. That is our new short sale calculator. We’ve partnered up with Zillow to offer you some key pieces of data; A. What’s your property worth? B. How far upside down are you, and C. How long will it take you till you’ve a zero equity balance? Right now, many of you watching this owe way over what your private home is worth. Hopefully you need to use the short sale calculator to resolve if a short sale is best for you or when you should keep your home.

Fill out the form beneath and reach out to us. Take advantage of this free tool, there is not any obligation whatsoever. We even have a free download with some great details about short sales. Thank you for visiting ShortSaleSlayerz.com, where we’re one of Penn Valley’s main short sale teams.

In case you have any questions, you may call us at any time. Our number is 1-800-646-0362 or visit the website. Thanks a lot, 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 am Jason Zweigle with ShortSaleSlayerz.com. We’re one of Penn Valley’s leading short sale teams. The subject right now is what to do when you can’t make your mortgage payments. There are several choices for you if you cannot make your mortgage payments. You’ll be able to reach out to your financial institution and talk to them about a loan modification. Many individuals are attempting to do loan modifications and it is probably the most irritating experiences they’ve ever gone through. Whether the bank will not reply or lose your paperwork ten or fifteen times. I’ve even heard tales from clients that did not go through us and wound up attempting to do a loan modification and lost their house to foreclosure in the course of mortgage modification. In our opinion a loan modification isn’t the greatest solution.

You can even do foreclosure, just walk away and let the financial institution take it back. This also isn’t the best solution. It’s also possible to do a deed in lieu of foreclosure and what that means is you tell the financial institution they need not foreclose on your own home, you’ll voluntarily leave. No harm, no foul. Foreclosure and deed in lieu of foreclosures each have a destructive influence on your credit. Each of those additionally leave you open to second lien holders and typically first lien holders with the ability to come after you to try to gather that unpaid balance. That can be a scary thing as well if you’re attempting to recuperate financially.

I feel a phenomenal answer 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 enormous lack of value. Primary, a short sale is a big benefit to you the seller. You can walk away from your property, get out of debt, not owe something, actually get slightly bit of cash in your pocket and move on. For the bank, they get somewhat bit more cash from a short sale than a foreclosure. The rest of the neighborhood won’t have the unsightly vacant houses which might be getting vandalized.

So when you’ve got any extra questions, fill out the form below. You can too use the form below to get to our free short sale calculator. It’s an important instrument and I actually encourage you to make use of that. We’re ShortSaleSlayerz.com, considered one of Penn Valley’s leading short sale teams. We’re right here that will help you make the correct decision on your situation. Have a terrific 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 Penn Valley’s main short sale teams. Thanks for visiting our website. As we speak we’re going to speak in regards to the part 2 of the Bank of America HAFA short sale program. I wished to increase a bit 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 financial institution’s sale price. It is like a preapproved short sale. That’s a catastrophic mistake for any agent or consumer to ask the financial institution to provide you a value to sell your home. There’s a back door HAFA program that we use and principally we take an offer 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 bank meddle with our sale price and contract.

Lots of this is additionally investor driven. You have a servicer such as Bank of America and generally they’ve a portfolio mortgage which means it’s their cash that is invested in the house, but as a rule, 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 now we have to get through to get a HAFA short sale approval.

I like to recommend if you’re going to think about a short sale or a HAFA short sale that you definitely work with a highly skilled agent that has finished quite a few short sales. I would say 50 to 60 plus before they’ve actual tried and true experience so they know methods to navigate through these challenging short sales. The excellent news is, opposite to popular news out there on the web sites and news experiences, HAFA short sales are a fantastic solution, it guarantees the patron $3,000 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 just a little bit more money which gives the second lien holder more motivation to agree to the short sale. We need the second lien holder’s blessing and approval to really 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 ideal free download with additional details about short sales. We are ShortSaleSlayerz.com, considered one of Penn Valley’s leading short sale teams. I look forward to hearing from you soon. 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 Your Placer County Short Sale Specialists-Avoid Foreclosure

Hi, Jason Zweigle right here with ShortSaleSlayerz.com, we’re considered one of Penn Valley’s main short sale teams. I wished to speak right this moment about the Bank of America HAFA short sale. Many folks on the market don’t actually know what a HAFA short sale is, and it is mainly a federal authorities backed short sale plan that many of the banks that participated in TARP also participate within the HAFA program. The HAFA program follows some federal guidelines, some bank or servicer pointers, and a few investor guidelines. So, it could get a little bit bit complicated. On the whole, there are two methods to do a short sale with the Bank of America HAFA program.

The consumer or the agent can apply to get a pre-authorised HAFA short sale, and I feel this is a huge mistake, and it’s why the HAFA short sale has such a bad name out there. Mainly a shopper or agent goes to the financial institution and tells them they wish to do a short sale. The bank thinks that’s nice and requests some financial information and so they’ll ship out their loan agent or appraiser to offer a fair market worth for the home. There’s the problem right there. They wish to establish the worth of the home they usually aren’t the principle in the transaction, in order that they shouldn’t be dictating the sale value of the home. They’re going to send somebody out and more often than not, they’re going to tack on 20% on top of that list price or that prompt record value and then provide you with one hundred twenty days to sell the home. In the event you don’t sell it, then they’re going to do a deed in lieu of foreclosures or foreclose. This is not an excellent option.

The way in which we strategy 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 conventional short sale. We’ll sign an inventory agreement with you, and we’ll set up truthful market value on your house and then checklist the property. Then as soon as now we have a proposal, we are going to 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 must agree to the short sale and has to comply with forgive you of any remaining stability or deficiency.

On top of that, they can even provide $three,000 to you the seller for moving expenses at close of escrow that is paid proper from the title firm when the deal closes. We’re ShortSaleSlayers.com, certainly one of Penn Valley’s leading short sale teams. I am going to expand extra on this in my half two video. Thanks so much 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 Your Sacramento County Short Sale Specialists-Avoid Foreclosure

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Penn Valley’s leading short sale teams. Thank you for visiting the website. At the moment I’m wrapping up my three part series on strategic default with the bail and buy program. Consider it or not, you possibly can complete a short sale of your present dwelling and purchase a brand new or new to you residence while you’re doing a short sale so long as the new buy closes after the close date of your short sale. It’s important to be current and it’s a must to qualify for this new FHA loan. There’s an FHA loan program on the market for individuals who really need to downsize.

The rationale that this mortgage is in place is as a result of the industry and the federal government recognize 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, you need to qualify for the new loan, you have to be present on your existing residence mortgage, and you need to downsize your home. It’s a phenomenal answer when you’re a strategic defaulter or in the event you’re just somebody that doesn’t wish to deal with an underwater home.

You’ll be able to promote your house that is underwater today, purchase a new house for honest market value and be well ahead of the game and be nicely positioned to experience this real estate recovery that’s on the horizon. It won’t be at this time or tomorrow, but we could have a real estate recovery and there will be money to be made throughout that recovery.

So if you have any questions in regards to 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 among Penn Valley’s main short sale teams and we’d be to chat with you. 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 -Avoid Foreclosure

Hello, I am Jason Zweigle here with ShortSaleSlayerz.com. We are Penn Valley’s main short sale team. Right now I want to talk in regards to the steps to approach a strategic default. It’s real simple how you do a strategic default in my opinion. Primary, I’m not an lawyer or an accountant, so if you are going to consider a strategic default, you might want to converse with an accountant or an legal professional to see what the legal and tax ramifications could be.

If you are a homeowner that may afford your mortgage funds and also you wish to protect your credit score, we are right here to help. We’ll simply come in, list your property and present a suggestion to the bank. Then the bank will ask us for your financials and we are going to present them to the bank. The financial institution could ask questions on why you’re short selling when it looks like you’ll be able to afford your mortgage payments. We reply these questions actually with integrity and we allow them to know your intensions. If you will do a default, you basically tell them you might be both going to do that short sale or let your property go to foreclosures since you do not need to stay in a house that is $100,000 to $200,000 upside down. As a rule, the bank is going to figure out it’ll make sense for them because they get more cash for the short sale then if it goes to foreclosure.

So, you will continue to make payments, we go forward and complete the short sale and you’re done and put that debt behind you. There shall be a derogatory remark in your credit report. It should say one thing to the effect satisfied in full, short pay, and that does have a damaging impact in your credit report. In the event you remain current during that time, you can really purchase a house both simultaneous close or after you close your escrow on your short sale, there are loans in place where you can buy a downsized dwelling or house of lesser value. This is nice information on the strategic default process.

Thank you for visiting the web site, ShortSaleSlayerz.com, we’re Penn Valley’s main short sale team. In case you have any questions, you’ll be able to reach out to me at my 800 number or just leave a remark and take a look at 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