Hi, I’m Jason Zweigle right here with ShortSaleSlayerz.com. We’re one of Rocklin’s main short sale teams. Thanks for visiting our website. Today we’re going to talk about the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Essentially it’s 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 first lien holder might not come after a vendor 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. When you have a primary and a second and they comply with do a short sale, that is it; you are out of debt, you are completed 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 isn’t 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 advantage within the short sale game for the California consumer. Additionally, one different 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 strategy to incentivize the financial institution to comply with a short sale and sometimes that’s a good move. The client can offer $four,000 to $5,000 to make the deal go through. They’re getting an unimaginable deal anyway, so if they have to add a little cash to make the deal go through, it is no harm no foul.

If you have any questions, you’ll be able to reach out to me. My number is on the website or you can fill out the form below. We’re ShortSaleSlayerz.com and considered one of Rocklin’s main short sale teams. We look forward 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 Nevada County Short Sale Specialists-Avoid Foreclosure

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re one of Rocklin’s leading short sale teams. Today we will reply the million dollar query, Is your home underwater? That means basically you owe more to your bank than what your home is worth. This is universally essentially the most requested question. Most individuals know their home is underwater, but they don’t know by how much. In case you have an underwater mortgage, you’re in all probability wondering how much your private home is worth and how far upside down you are. You might also be questioning how you will ever get out of this mess. I feel that a short sale is a good resolution to get out of being underwater. Foreclosures can be an option but with that comes numerous authorized and financial burdens that may be associated with foreclosures.

Now we have an ideal new device that we need to give you for free. That is our new short sale calculator. We’ve partnered up with Zillow to give you some key pieces of data; A. What’s your private home worth? B. How far upside down are you, and C. How long will it take you till you have 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 determine if a short sale is best for you or in the event you ought to keep your home.

Fill out the form below and reach out to us. Benefit from this free device, there is no obligation whatsoever. We also have a free download with some great details about short sales. Thank you for visiting ShortSaleSlayerz.com, where we are certainly one of Rocklin’s main short sale teams.

You probably have any questions, you possibly can call us at any time. Our number is 1-800-646-0362 or go to the website. Thanks a lot, 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 County Short Sale Specialists-Avoid Foreclosure

Hello, I am Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Rocklin’s main short sale teams. The topic today is what to do when you can’t make your mortgage payments. There are a number of options for you if you can’t make your mortgage payments. You can reach out to your bank and talk to them about a loan modification. Many people try to do mortgage modifications and it is essentially the most irritating experiences they’ve ever gone through. Whether the financial institution will not reply or lose your paperwork ten or fifteen times. I’ve even heard stories from shoppers that didn’t go through us and wound up attempting to do a loan modification and misplaced their residence to foreclosure in the course of loan modification. In our opinion a loan modification is not the best solution.

You may also do foreclosure, just walk away and let the bank take it back. This also isn’t the very best solution. You can too do a deed in lieu of foreclosure and what meaning is you inform the financial institution they needn’t foreclose on your property, you will voluntarily leave. No harm, no foul. Foreclosures and deed in lieu of foreclosures each have a detrimental impression on your credit. Each of these additionally leave you open to second lien holders and sometimes first lien holders with the ability to come after you to try to accumulate that unpaid balance. That may be a scary thing as well once you’re making an attempt to recuperate financially.

I think 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 profit to you the seller. You can walk away from your private home, get out of debt, not owe anything, truly get a bit of bit of cash in your pocket and move on. For the bank, they get a bit of bit extra money from a short sale than a foreclosure. The remainder of the neighborhood will not have the unpleasant vacant houses that are getting vandalized.

So when you’ve got any extra questions, fill out the form below. You can also use the form below to get to our free short sale calculator. It is a fantastic tool and I really encourage you to make use of that. We’re ShortSaleSlayerz.com, one of Rocklin’s leading short sale teams. We’re right here that will help you make the appropriate decision to your situation. Have an ideal 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 one of Rocklin’s main short sale teams. Thank you for visiting our website. Today we will speak concerning the part 2 of the Bank of America HAFA short sale program. I wanted to expand a bit of on how we approach the short sale option. In the first video, we talked about going through the front door of the HAFA program where we get the bank’s sale price. It’s like a preapproved short sale. That’s a catastrophic mistake for any agent or shopper to ask the bank to give you a value to sell 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 advantages of the HAFA short sale, the $3,000, but not having the bank meddle with our sale price and contract.

A lot of that is also investor driven. You could have a servicer resembling Bank of America and typically they’ve a portfolio loan which means it’s their money that’s invested in the home, but as a rule, it’s going to 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 to get through to get a HAFA short sale approval.

I like to recommend if you’re going to contemplate a short sale or a HAFA short sale that you undoubtedly work with a highly skilled agent that has completed numerous short sales. I might say 50 to 60 plus before they’ve actual tried and true expertise so they know the best way to navigate through these challenging short sales. The good news is, contrary to popular information out there on the websites and news experiences, HAFA short sales are an incredible answer, it guarantees the consumer $three,000 at close of escrow and it guarantees forgiveness of any debt. It is also good for the second lien holders because the first will give the second somewhat bit more money which gives the second lien holder extra motivation to agree to the short sale. We need 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 website or fill out the form below. There’s a terrific free download with additional details about short sales. We’re ShortSaleSlayerz.com, considered one of Rocklin’s main short sale teams. I look ahead 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

Hi, Jason Zweigle right here with ShortSaleSlayerz.com, we’re considered one of Rocklin’s leading short sale teams. I needed to talk as we speak in regards to the Bank of America HAFA short sale. Many of us on the market do not really know what a HAFA short sale is, and it is basically a federal authorities backed short sale plan that many of the banks that participated in TARP additionally take part in the HAFA program. The HAFA program follows some federal guidelines, some financial institution or servicer pointers, and some investor guidelines. So, it may get a little bit complicated. Generally, there are methods to do a short sale with the Bank of America HAFA program.

The buyer or the agent can apply to get a pre-accredited HAFA short sale, and I believe this is a huge 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 wish to do a short sale. The bank thinks that is great and requests some financial information and they’ll send out their mortgage agent or appraiser to give a fair market worth for the home. There’s the problem proper there. They wish to set up the price of the home and they aren’t the principle within the transaction, so they should not be dictating the sale price of the home. They will ship someone out and most of the time, they’ll tack on 20% on top of that list worth or that instructed list worth after which provide you with 120 days to sell the home. In the event you do not sell it, then they’ll do a deed in lieu of foreclosures or foreclose. This is not a very good option.

The best way we approach a HAFA short sale with Bank of America, is that we go in the back door. We’ll initiate your short sale with Bank of America as a traditional short sale. We’ll sign an inventory settlement with you, and we’ll establish fair market value on your home and then record the property. Then once we now have a proposal, we will submit that provide to the bank and request a HAFA short sale approval. The beauty of the HAFA short sale approval is both lenders have to comply with the short sale and has to conform to forgive you of any remaining stability or deficiency.

On top of that, they may also supply $three,000 to you the seller for moving expenses at close of escrow that is paid proper from the title company when the deal closes. We’re ShortSaleSlayers.com, one in every of Rocklin’s leading short sale teams. I am going to expand more on this in my part two video. Thanks so much 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 Nevada City Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Rocklin’s main short sale teams. Thanks for visiting the website. At present I’m wrapping up my three part collection on strategic default with the bail and buy program. Imagine it or not, you can complete a short sale of your current dwelling and buy a brand new or new to you home while you’re doing a short sale as long as the brand new buy closes after the close date of your short sale. You must be current and you must qualify for this new FHA loan. There is an FHA mortgage program on the market for people who really need to downsize.

The rationale that this mortgage is in place is because the trade and the 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, it’s important to qualify for the new mortgage, it’s important to be current on your present home loan, and you have to downsize your home. It is a phenomenal solution when you’re a strategic defaulter or for those who’re just someone that does not wish to take care of an underwater home.

You’ll be able to sell your private home that’s underwater today, buy a new home for honest market worth and be properly forward of the game and be properly positioned to experience this real estate recovery that is on the horizon. It may not be at the moment or tomorrow, however we may have a real estate recovery and there will be cash to be made during that recovery.

So in case you have any questions in regards to 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 too download our free short sale information. We’re one in all Rocklin’s main short sale groups and we would be completely happy to talk 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 Granite Bay Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle here with ShortSaleSlayerz.com. We’re Rocklin’s main short sale team. At the moment I wish to talk concerning the steps to approach a strategic default. It’s real simple the way you do a strategic default in my opinion. Primary, I’m not an legal professional or an accountant, so if you’re going to contemplate a strategic default, you might want to speak with an accountant or an legal professional to see what the legal and tax ramifications could be.

In case you are a house owner that can afford your mortgage payments and you wish to defend your credit, we are here to help. We are going to simply come in, list your home and present a proposal to the bank. Then the bank will ask us for your financials and we will present them to the bank. The bank may ask questions on why you might be short selling when it seems like you possibly can afford your mortgage payments. We reply those questions actually with integrity and we allow them to know your intensions. If you’re going to do a default, you principally tell them you might be either going to do this short sale or let your property go to foreclosure because you don’t want to stay in a home that is $a hundred,000 to $200,000 upside down. More often than not, the bank is going to determine it’s going to make sense for them because they get more cash for the short sale then if it goes to foreclosure.

So, you’ll 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 comment on your credit report. It is going to say one thing to the effect satisfied in full, short pay, and that does have a negative impact on your credit report. For those who remain current throughout that time, you may really buy a house both simultaneous close or after you close your escrow in your short sale, there are loans in place where you should buy a downsized home or house of lesser value. That is great news on the strategic default process.

Thanks for visiting the web site, ShortSaleSlayerz.com, we’re Rocklin’s leading short sale team. If you have any questions, you can reach out to me at my 800 number or simply leave a remark and check out 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 -Avoid Foreclosure