Hi, I am Jason Zweigle right here with ShortSaleSlayerz.com. We’re one among Sac Town’s main short sale teams. Thank you for visiting our website. At this time we’re going to talk concerning the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Basically 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 could now 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 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 are finished with a short sale and you’ll owe no extra money. This bill solely applies to short sales and not foreclosures. Many people are handing the banks the keys and strolling away. This isn’t a good idea as a result of the second lien holders can come after you for the remaining debt since you actually walked away from it.

This new senate bill is a superb benefit within the short sale game for the California consumer. Additionally, one different added stipulation, the banks can 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 possibly can provide as a technique to incentivize the financial institution to agree to a short sale and generally that is a good 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’ve to add just a little cash to make the deal go through, it’s no harm no foul.

When you’ve got any questions, you’ll be able to reach out to me. My number is on the web site or you may fill out the form below. We’re ShortSaleSlayerz.com and one of Sac Town’s main short sale teams. We look ahead to hearing from you soon, 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 am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Sac Town’s main short sale teams. Today we’ll answer the million dollar question, Is your house underwater? Meaning basically you owe more to your financial institution than what your home is worth. That is universally probably the most requested question. Most people know their house is underwater, but they don’t know by how much. When you’ve got an underwater mortgage, you’re most likely wondering how much your house is worth and how far upside down you are. You might also be wondering how you will ever get out of this mess. I think that a short sale is a great solution to get out of being underwater. Foreclosure can also be an possibility however with that comes a lot of authorized and financial burdens that may be related to foreclosures.

We have now an amazing new instrument that we need to offer you for free. This is our new short sale calculator. We have partnered up with Zillow to give 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 until you might have a zero equity balance? Right now, a lot of you watching this owe far more than what your private home is worth. Hopefully you should use the short sale calculator to determine if a short sale is right 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 no obligation whatsoever. We even have a free download with some nice details about short sales. Thank you for visiting ShortSaleSlayerz.com, where we’re one of Sac Town’s main short sale teams.

When you’ve got any questions, you can call us at any time. Our number is 1-800-646-0362 or go to the website. Thanks a lot, 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 Your Nevada County Short Sale Specialists-Avoid Foreclosure

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Sac Town’s leading short sale teams. The topic at this time 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 may reach out to your bank and speak to them a few mortgage modification. Many people try to do mortgage modifications and it is the most frustrating 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 stories from shoppers that didn’t go through us and wound up making an attempt to do a loan modification and misplaced their house to foreclosure in the course of loan modification. In our opinion a loan modification is not the greatest solution.

You can even do foreclosure, simply walk away and let the financial institution take it back. This additionally is not the most effective solution. It’s also possible to do a deed in lieu of foreclosure and what that means is you tell the financial institution they don’t need to foreclose on your own home, you’ll voluntarily leave. No harm, no foul. Foreclosure and deed in lieu of foreclosures each have a damaging influence 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 collect that unpaid balance. That may be a scary thing as well whenever you’re making an attempt to recuperate financially.

I feel an exceptional solution 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 large lack of value. Primary, a short sale is a huge profit to you the seller. You may walk away from your own home, get out of debt, not owe anything, actually get somewhat bit of money in your pocket and move on. For the financial institution, they get a little bit more cash from a short sale than a foreclosure. The remainder of the neighborhood will not have the unsightly vacant properties that are getting vandalized.

So if you have 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 is a fantastic device and I actually encourage you to use that. We’re ShortSaleSlayerz.com, one of Sac Town’s main short sale teams. We’re here that will help you make the right choice on your situation. Have an ideal 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 right here with ShortSaleSlayerz.com, we’re certainly one of Sac Town’s leading short sale teams. Thanks for visiting our website. At this time we’re going to discuss about the part 2 of the Bank of America HAFA short sale program. I wanted to develop a bit of on how we approach the short sale option. In the first video, we talked about going via 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 client to ask the financial institution to offer you a value to sell your home. There’s a back door HAFA program that we use and basically 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 $3,000, but not having the bank meddle with our sale price and contract.

Quite a lot of that is additionally investor driven. You’ve gotten a servicer resembling Bank of America and sometimes they’ve a portfolio mortgage that means it is their cash that is invested within the home, but most of the time, it’ll be a Fannie or Freddie or possibly even Wells Fargo or Chase’s cash or another investor’s. We even have investor guidelines that we have to get through to get a HAFA short sale approval.

I recommend if you are going to contemplate 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 expertise in order that they know how to navigate through these challenging short sales. The excellent news is, contrary to popular information out there on the websites and information experiences, HAFA short sales are an incredible resolution, it guarantees the patron $three,000 at close of escrow and it ensures forgiveness of any debt. It’s also good for the second lien holders as a result of the first will give the second just a little bit extra money which gives the second lien holder extra motivation to conform to the short sale. We want the second lien holder’s blessing and approval to really do a short sale.

When 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 great free download with additional information about short sales. We are ShortSaleSlayerz.com, certainly one of Sac Town’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 one among Sac Town’s leading short sale teams. I needed to speak at present about the Bank of America HAFA short sale. Many people 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 many of the banks that participated in TARP also participate in the HAFA program. The HAFA program follows some federal pointers, some financial institution or servicer guidelines, and some investor guidelines. So, it may get somewhat bit complicated. Generally, 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-accepted HAFA short sale, and I feel this can be a big mistake, and it is why the HAFA short sale has such a bad name out there. Principally a consumer 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 send out their mortgage agent or appraiser to give a fair market value for the home. There’s the problem right there. They want 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 price of the home. They’ll send somebody out and more often than not, they’re going to tack on 20% on top of that list worth or that urged checklist price after which provide you with a hundred and twenty days to promote the home. For those who do not sell it, then they’ll do a deed in lieu of foreclosure or foreclose. This isn’t a very good option.

The best way 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 conventional short sale. We’ll sign a listing agreement with you, and we’ll establish fair market value to your residence after which list the property. Then once we have now a proposal, we’ll submit that offer to the financial institution and request a HAFA short sale approval. The beauty of the HAFA short sale approval is each lenders need to agree to the short sale and has to agree to forgive you of any remaining stability or deficiency.

On top of that, they may even offer $3,000 to you the vendor for transferring expenses at close of escrow that’s paid right from the title firm when the deal closes. We’re ShortSaleSlayers.com, certainly one of Sac Town’s leading short sale teams. I’ll increase more on this in my half two video. Thanks a lot 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 Your Nevada County Short Sale Specialists-Avoid Foreclosure

Hello, I am Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Sac Town’s main short sale teams. Thank you for visiting the website. At present I’m wrapping up my three part series on strategic default with the bail and buy program. Imagine it or not, you’ll be able to complete a short sale of your present house and purchase a model new or new to you residence when you are doing a short sale as long as the brand new purchase closes after the close date of your short sale. You have to be present and it’s important to qualify for this new FHA loan. There’s an FHA loan program on the market for people who actually need to downsize.

The rationale that this loan is in place is as a result of the industry 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 are able to do a short sale, you need to qualify for the brand new mortgage, it’s a must to be current in your existing home mortgage, and it’s important to downsize your home. It is a phenomenal resolution if you’re a strategic defaulter or if you’re simply somebody that doesn’t wish to deal with an underwater home.

You may sell your own home that is underwater today, purchase a brand new residence for fair market worth and be effectively ahead of the game and be well positioned to experience this real estate recovery that’s on the horizon. It may not be right this moment or tomorrow, however we may have a real estate recovery and there will likely be money to be made throughout that recovery.

So you probably 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 may as well obtain our free short sale information. We’re considered one of Sac Town’s main short sale groups and we’d be happy to talk with you. Thanks 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 Auburn Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle here with ShortSaleSlayerz.com. We’re Sac Town’s main short sale team. At this time I need to talk about the steps to approach a strategic default. It is 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 take into account a strategic default, you might need to converse with an accountant or an lawyer to see what the legal and tax ramifications may be.

If you are a homeowner that may afford your mortgage funds and also you need to protect your credit, we’re right here to help. We are going to simply come in, list your own home and present a suggestion to the bank. Then the financial institution will ask us for your financials and we’ll present them to the bank. The financial institution may ask questions on why you might be short selling when it appears to be like like you possibly can afford your mortgage payments. We reply these questions truthfully with integrity and we allow them to know your intensions. If you’re going to do a default, you principally tell them you’re either going to do this short sale or let your property go to foreclosure since you don’t want to stay in a house that is $a hundred,000 to $200,000 upside down. As a rule, the financial institution is going to figure out it would make sense for them because they get extra money for the short sale then if it goes to foreclosure.

So, you will continue to make funds, we go forward and complete the short sale and you’re done and put that debt behind you. There can be a derogatory remark in your credit score report. It’s going to say one thing to the effect satisfied in full, short pay, and that does have a adverse affect on your credit report. In case you stay current during that time, you’ll be able to truly buy a home both simultaneous close or after you close your escrow in your short sale, there are loans in place where you can buy a downsized dwelling or residence of lesser value. That is great information on the strategic default process.

Thanks for visiting the web site, ShortSaleSlayerz.com, we’re Sac Town’s leading short sale team. When you have any questions, you can reach out to me at my 800 number or simply leave a remark and take a look at our free download on short sales. 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 Auburn Short Sale Specialists-Avoid Foreclosure