Hello, I’m Jason Zweigle right here with ShortSaleSlayerz.com. We’re certainly one of Nevada City’s leading short sale teams. Thanks for visiting our website. At this time 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 primary lien holder could no longer 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 adds a protection to second lien holders. When you’ve got a primary and a second and they agree to do a short sale, that’s it; you’re out of debt, you are done with a short sale and you’ll owe no more money. This bill only applies to short sales and not foreclosures. Many individuals are handing the banks the keys and walking away. This is not a good idea as a result of 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 superb benefit within the short sale game for the California consumer. Also, one other 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’ll be able to supply as a option to incentivize the financial institution to agree to a short sale and generally that is a superb move. The customer can provide $4,000 to $5,000 to make the deal go through. They’re getting an unbelievable deal anyway, so if they have so as to add a little bit money to make the deal go through, it is no harm no foul.

You probably have any questions, you possibly can reach out to me. My number is on the website or you can fill out the form below. We’re ShortSaleSlayerz.com and certainly one of Nevada City’s leading short sale teams. We look forward to hearing from you soon, 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 Auburn Short Sale Specialists-Avoid Foreclosure

Hello, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Nevada City’s leading short sale teams. At present we’ll answer the million dollar question, Is your private home underwater? That means principally you owe more to your bank than what your private home is worth. That is universally essentially the most requested question. Most individuals know their home is underwater, but they don’t know by how much. If you have an underwater mortgage, you’re probably questioning how much your own home is worth and how far upside down you are. You may additionally be questioning how you’ll ever get out of this mess. I believe that a short sale is a good solution to get out of being underwater. Foreclosure is also an choice but with that comes a lot of authorized and monetary burdens that may be related to foreclosures.

We have a terrific new tool that we want to give you for free. This is our new short sale calculator. We’ve partnered up with Zillow to provide you with some key pieces of data; A. What’s your home worth? B. How far upside down are you, and C. How long will it take you until you’ve got a zero equity balance? Right now, many of you watching this owe way over what your home is worth. Hopefully you should utilize the short sale calculator to resolve if a short sale is right for you or should you ought to hold your home.

Fill out the form below and reach out to us. Benefit from this free tool, there is no obligation whatsoever. We even have a free download with some great details about short sales. Thank you for visiting ShortSaleSlayerz.com, where we’re considered one of Nevada City’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 so much, 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 Rocklin Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Nevada City’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 can’t make your mortgage payments. You’ll be able to reach out to your bank and speak to them a few loan modification. Many individuals are trying to do loan modifications and it is the most frustrating experiences they’ve ever gone through. Whether the financial institution won’t reply or lose your paperwork ten or fifteen times. I’ve even heard stories from purchasers that did not go through us and wound up making an attempt to do a mortgage modification and lost their residence to foreclosure in the middle of mortgage modification. In our opinion a loan modification isn’t the best solution.

You may as well do foreclosure, simply walk away and let the bank take it back. This additionally isn’t the best solution. You can too do a deed in lieu of foreclosure and what meaning is you tell the financial institution they need not foreclose on your home, you will voluntarily leave. No harm, no foul. Foreclosures and deed in lieu of foreclosure each have a destructive influence on your credit. Each of these additionally leave you open to second lien holders and generally first lien holders being able to come after you to attempt to collect that unpaid balance. That may be a scary factor as well while you’re making an attempt to recuperate financially.

I believe a phenomenal 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. Number one, a short sale is a large profit to you the seller. You can walk away from your property, get out of debt, not owe anything, actually get a bit bit of money in your pocket and move on. For the financial institution, they get slightly bit more cash from a short sale than a foreclosure. The rest of the neighborhood will not have the ugly vacant homes which can be getting vandalized.

So in case you have any more questions, fill out the form below. You can too use the form below to get to our free short sale calculator. It’s an ideal device and I really encourage you to use that. We’re ShortSaleSlayerz.com, considered one of Nevada City’s leading short sale teams. We’re here that will help you make the correct decision 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 Your Rocklin Short Sale Specialists-Avoid Foreclosure

Hello, Jason Zweigle here with ShortSaleSlayerz.com, we’re one of Nevada City’s main short sale teams. Thanks for visiting our website. At this time we’ll discuss concerning the part 2 of the Bank of America HAFA short sale program. I wanted to expand a little on how we approach the short sale option. In the first video, we talked about going via the entrance door of the HAFA program where we get the financial institution’s sale price. It’s like a preapproved short sale. That is a catastrophic mistake for any agent or shopper to ask the bank to give you a price to sell your home. There is 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 advantages of the HAFA short sale, the $three,000, but not having the bank meddle with our sale price and contract.

A variety of this is also investor driven. You’ve gotten a servicer comparable to Bank of America and typically they’ve a portfolio mortgage which means it is their money that’s invested within the residence, but more often than not, it should be a Fannie or Freddie or maybe even Wells Fargo or Chase’s money or some other investor’s. We also have investor guidelines that we have now 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 simply positively work with a extremely experienced agent that has accomplished numerous short sales. I would say 50 to 60 plus before they have actual tried and true experience so they know easy methods to navigate through these challenging short sales. The good news is, contrary to popular information out there on the web sites and information experiences, HAFA short sales are a terrific answer, it guarantees the consumer $3,000 at close of escrow and it guarantees forgiveness of any debt. It is also good for the second lien holders as a result of the first will give the second 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 actually 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 great free download with further information about short sales. We are ShortSaleSlayerz.com, considered one of Nevada City’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 considered one of Nevada City’s leading short sale teams. I needed to talk right now concerning the Bank of America HAFA short sale. Many of us on the market don’t really 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 within the HAFA program. The HAFA program follows some federal pointers, some bank or servicer guidelines, and some investor guidelines. So, it might get just a little bit complicated. Basically, 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-accredited HAFA short sale, and I think it is a enormous mistake, and it is why the HAFA short sale has such a bad name out there. Basically a consumer or agent goes to the financial institution and tells them they want to do a short sale. The financial institution thinks that is great and requests some financial data they usually’ll ship out their mortgage agent or appraiser to give a fair market value for the home. There’s the problem right there. They want to set up the value of the home and so they aren’t the principle within the transaction, so they shouldn’t be dictating the sale worth of the home. They will send someone out and most of the time, they’ll tack on 20% on top of that list price or that advised listing worth and then offer you a hundred and twenty days to sell the home. If you do not sell it, then they’ll do a deed in lieu of foreclosure or foreclose. This is not a very good option.

The way 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 a listing settlement with you, and we’ll establish fair market worth on your house after which checklist the property. Then once now we have a proposal, we are going to submit that offer to the bank and request a HAFA short sale approval. The wonderful thing about the HAFA short sale approval is both lenders should conform to the short sale and has to agree to forgive you of any remaining steadiness or deficiency.

On top of that, they may even provide $three,000 to you the seller for transferring expenses at close of escrow that is paid proper from the title company when the deal closes. We’re ShortSaleSlayers.com, considered one of Nevada City’s main short sale teams. I’ll broaden more on this in my part two video. Thanks a lot 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 am Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Nevada City’s main short sale teams. Thanks for visiting the website. Today I am wrapping up my three part series on strategic default with the bail and buy program. Believe it or not, you may fullfill a short sale of your present house and purchase a brand 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 must be present and you must qualify for this new FHA loan. There is an FHA mortgage program out there for individuals who really need to downsize.

The reason that this loan is in place is as a result of the business and the government recognize that persons 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 brand new loan, it’s a must to be current on your current dwelling loan, and you have to downsize your home. It’s a phenomenal resolution in case you’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 promote your house that’s underwater today, purchase a brand new dwelling for honest market value and be well forward of the game and be well positioned to experience this real estate recovery that is on the horizon. It may not be right now or tomorrow, but we could have a real estate recovery and there might be money to be made during that recovery.

So when you’ve got 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 may also download our free short sale information. We’re considered one of Nevada City’s leading short sale groups and we would be happy to speak 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 Your Nevada County Short Sale Specialists-Avoid Foreclosure

Hi, I’m Jason Zweigle right here with ShortSaleSlayerz.com. We are Nevada City’s leading short sale team. Right now I want to speak concerning the steps to approach a strategic default. It is real easy how you do a strategic default in my opinion. Number one, I’m not an legal professional or an accountant, so if you’re going to think about a strategic default, you might wish to communicate with an accountant or an lawyer to see what the legal and tax ramifications could be.

If you’re a home-owner that may afford your mortgage payments and also you want to protect your credit, we are right here to help. We’ll simply come in, list your own home and present an offer to the bank. Then the bank will ask us for your financials and we will present them to the bank. The bank might ask questions on why you’re short selling when it appears like you may afford your mortgage payments. We reply those questions truthfully with integrity and we let them know your intensions. If you’re going to do a default, you basically inform them you are either going to do that short sale or let your property go to foreclosure since you don’t want 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’ll make sense for them because they get extra money for the short sale then if it goes to foreclosure.

So, you’ll continue to make funds, we go ahead and complete the short sale and you might be done and put that debt behind you. There will likely be a derogatory comment in your credit report. It should say one thing to the effect satisfied in full, short pay, and that does have a destructive impression in your credit score report. When you remain current during that point, you possibly can truly purchase a home both simultaneous close or after you close your escrow on your short sale, there are loans in place where you can buy a downsized home or dwelling of lesser value. This is great news on the strategic default process.

Thank you for visiting the web site, ShortSaleSlayerz.com, we’re Nevada City’s main short sale team. When 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 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 Placer County Short Sale Specialists-Avoid Foreclosure