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Get your free on-line foreclosure refinance quote and foreclosure help in minutes. Explore your options and compare ways to prevent foreclosure... more...
California Home Equity Sales Contract Act - A Mine Field for the Unprepared!
When I first got started in the real estate investing business in 2006, the avalanche of foreclosures was just beginning. Before attempting my first short sale here in Southern California, I discovered I needed to comply with Civil Code Section 1695 by using a very particular type of purchase and ...
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Ten Mistakes to Avoid When Doing Short Sales
Short sales are thrilling transactions. In a short sale, an insolvent homeowner about to be foreclosed sells a property for less than what is owed. The remainder of the debt is forgiven. Success at this requires dedicated professionalism. Dedicated professionals know what to do and what to avoid. ...
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Short Sales - Don't Do It
Have someone else do it for you. Short sales get dealt with just like everything else in my life that even remotely smells like stressful labor; they get delegated. Outsourced. Sub'd out. Avoided at all cost. The purpose of this article is to encourage you to do the same. Life is too short to do ...
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I Want to Quit Because This Takes Work and Time
Let me ask a question. Who said it was going to be easy? Starting a new job can be incredibly intimidating. You do not know anyone and everything seems foreign. You are sweating bullets for the first few weeks. Then what happens? You start to learn and endure.There are no set rules for the job of ...
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Real Estate Short Sales
It was a real estate boom like no other. Interest rates were dropping incredibly, homes were garnishing appreciation by the week, the stock market wasn't moving and first time home buyers were getting their piece of the American dream. Mortgage brokers, Real Estate Agents and New Home builders were ...
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Foreclosures & Short Pays And How It Affects Your Market Value
With all the talk of foreclosures and short pays in the news, homeowners have to be wondering when will this all end and what effect does all this bad news have on my own home and does it effect my immediate neighborhood? First, what is an REO, short pay and foreclosure? A "short sale" or "short ...
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The Magic Formula - What Price To Offer Banks When Doing Short Sales
Short Sales what to offer the banks When I first got started in short sales I wanted a magic formula to always use on my offer to the banks. I do not have a magic offer that you can use but I will give you some guidelines. You need to make your offer or acceptance of the lenders counter offer based ...
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Short Sale 101
This occurs when the net proceeds from the sale of a home are not enough to cover the sellers' mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioner's commission. The seller is unwilling or unable to cover the difference. Some ? although by ...
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Short Sale Questions
The main stream media continues to be rich with stories about the struggling real estate market, here in the Sacramento area as well as across the country. They generally revolve around the increasing number of foreclosures, the mortgage crisis and now some of the government programs that may or ...
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How to Determine Your Short Sale Offer
Here is a question I'm constantly being asked by my students and other real estate investors. The answer to it is not an exact science. First let's identify some common used terminology. BPO (Broker Price Opinion): A generalized opinion or value of the property. These can be exterior and interior. ...
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