Hi, I am Jason Zweigle here with ShortSaleSlayerz.com. We’re certainly one of Sacramento County’s main short sale teams. Thank you for visiting our website. At this time we’re going to discuss about the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Primarily it’s 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 might not come after a seller for a deficiency and they would 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. When you have a first and a second and they agree to do a short sale, that is it; you are out of debt, you are accomplished with a short sale and you will owe no more money. This bill solely applies to short sales and never foreclosures. Many individuals are handing the banks the keys and walking away. This isn’t a good suggestion 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 advantage in the short sale game for the California consumer. Also, one different added stipulation, the banks can no longer 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 can supply as a technique to incentivize the bank to comply with a short sale and typically that is a great move. The buyer can provide $four,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 money to make the deal go through, it is no harm no foul.

When you’ve got any questions, you may reach out to me. My number is on the web site or you can fill out the form below. We’re ShortSaleSlayerz.com and one of Sacramento County’s leading short sale teams. We look forward to hearing from you soon, 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 am Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Sacramento County’s main short sale teams. Today we’ll answer the million dollar query, Is your property underwater? Meaning principally you owe more to your financial institution than what your house is worth. This is universally the most asked question. Most individuals know their home is underwater, however they don’t know by how much. In case you have an underwater mortgage, you’re probably wondering how much your home is worth and how far upside down you are. You may additionally be wondering how you will ever get out of this mess. I believe that a short sale is a great resolution to get out of being underwater. Foreclosure is also an possibility but with that comes a whole lot of authorized and monetary burdens that may be associated with foreclosures.

Now we have an important new tool that we want to give you for free. That is our new short sale calculator. We have partnered up with Zillow to provide you with some key pieces of data; A. What’s your house worth? B. How far upside down are you, and C. How long will it take you until you could have a zero equity balance? Right now, many of you watching this owe way over what your own home is worth. Hopefully you should use the short sale calculator to determine if a short sale is right for you or in case you should preserve your home.

Fill out the form below and reach out to us. Benefit from this free software, there isn’t any obligation whatsoever. We also have a free download with some great information about short sales. Thanks for visiting ShortSaleSlayerz.com, where we are one of Sacramento County’s main short sale teams.

You probably have any questions, you’ll be able to call us at any time. Our number is 1-800-646-0362 or visit the website. Thanks a lot, 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 Your Nevada County Short Sale Specialists-Avoid Foreclosure

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re one of Sacramento County’s main short sale teams. The topic at this time is what to do when you can’t make your mortgage payments. There are several options for you if you cannot make your mortgage payments. You can reach out to your financial institution and speak to them a couple of loan modification. Many individuals try to do mortgage modifications and it is probably the most irritating experiences they’ve ever gone through. Whether or not the financial institution won’t reply or lose your paperwork ten or fifteen times. I’ve even heard tales from purchasers that did not go through us and wound up trying to do a loan modification and lost their house to foreclosure in the course of loan modification. In our opinion a mortgage modification is not the best solution.

You can also do foreclosure, simply walk away and let the bank take it back. This additionally isn’t one of the best solution. It’s also possible to do a deed in lieu of foreclosure and what meaning is you tell the bank they needn’t foreclose on your private home, you’ll voluntarily leave. No harm, no foul. Foreclosures and deed in lieu of foreclosures both have a adverse affect on your credit. Both of these additionally leave you open to second lien holders and typically first lien holders with the ability to come after you to try and accumulate that unpaid balance. That can be a scary thing as well once you’re making an attempt 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 possibly can walk away from your home, get out of debt, not owe anything, actually get just a little bit of money in your pocket and move on. For the financial institution, they get a bit bit extra money from a short sale than a foreclosure. The rest of the neighborhood won’t have the unpleasant vacant homes that are getting vandalized.

So when you’ve got any extra questions, fill out the form below. It’s also possible to use the form below to get to our free short sale calculator. It’s an important instrument and I really encourage you to use that. We’re ShortSaleSlayerz.com, considered one of Sacramento County’s main short sale teams. We’re right here that will help you make the suitable choice for 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 Rocklin Short Sale Specialists-Avoid Foreclosure

Hi, Jason Zweigle right here with ShortSaleSlayerz.com, we’re certainly one of Sacramento County’s leading short sale teams. Thanks for visiting our website. At present we will talk 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 through the front door of the HAFA program where we get the bank’s sale price. It’s like a preapproved short sale. That is a catastrophic mistake for any agent or consumer to ask the bank to offer you a value to sell your home. There is a back door HAFA program that we use and mainly we take a proposal and submit it and then we request for HAFA short sale approval, getting you the advantages of the HAFA short sale, the $three,000, however not having the bank meddle with our sale price and contract.

A variety of this is also investor driven. You’ve gotten a servicer equivalent to Bank of America and typically they have a portfolio loan meaning it’s their cash that is invested in the home, however as a rule, it may be a Fannie or Freddie or maybe even Wells Fargo or Chase’s cash or some other investor’s. We even have investor guidelines that we have to get through to get a HAFA short sale approval.

I like to recommend if you are going to take into account a short sale or a HAFA short sale that you undoubtedly work with a extremely skilled agent that has accomplished numerous short sales. I might say 50 to 60 plus before they’ve actual tried and true experience so that they know how to navigate through these difficult short sales. The good news is, opposite to popular information out there on the websites and news studies, HAFA short sales are a great solution, it guarantees the consumer $three,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 somewhat bit extra money which gives the second lien holder extra motivation to comply with the short sale. We need the second lien holder’s blessing and approval to really do a short sale.

In case 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 a terrific free download with extra details about short sales. We are ShortSaleSlayerz.com, one of Sacramento County’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 Grass Valley Short Sale Specialists-Avoid Foreclosure

Hello, Jason Zweigle right here with ShortSaleSlayerz.com, we’re one of Sacramento County’s leading short sale teams. I wanted to speak today concerning the Bank of America HAFA short sale. Many folks out there do not actually know what a HAFA short sale is, and it is principally a federal authorities backed short sale plan that many of the banks that participated in TARP additionally participate in the HAFA program. The HAFA program follows some federal pointers, some bank or servicer pointers, and a few investor guidelines. So, it may possibly get a little bit complicated. Generally, there are two methods to do a short sale with the Bank of America HAFA program.

The buyer or the agent can apply to get a pre-permitted HAFA short sale, and I think this can be a huge mistake, and it’s why the HAFA short sale has such a bad name out there. Mainly a consumer or agent goes to the financial institution and tells them they wish to do a short sale. The financial institution thinks that is great and requests some financial data and so they’ll send out their loan agent or appraiser to provide a good market worth for the home. There’s the problem proper there. They want to establish the value of the house and so they aren’t the principle in the transaction, so that they should not be dictating the sale value of the home. They’ll ship any individual out and as a rule, they’ll tack on 20% on top of that list price or that recommended record value after which offer you a hundred and twenty days to promote the home. When you don’t sell it, then they’ll do a deed in lieu of foreclosure or foreclose. This is not a good option.

The way in which we strategy a HAFA short sale with Bank of America, is that we go in 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 establish truthful market value to your dwelling after which checklist the property. Then as soon as now we have a proposal, we will submit that supply to the bank and request a HAFA short sale approval. The great thing about the HAFA short sale approval is each lenders have to conform to the short sale and has to agree to forgive you of any remaining steadiness or deficiency.

On top of that, they may also offer $three,000 to you the seller for shifting expenses at close of escrow that is paid proper from the title firm when the deal closes. We’re ShortSaleSlayers.com, considered one of Sacramento County’s leading short sale teams. I will develop more on this in my part two video. Thanks quite a bit 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 Your Nevada County Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Sacramento County’s main short sale teams. Thank you for visiting the website. At present I am wrapping up my three part collection on strategic default with the bail and buy program. Imagine it or not, you may fullfill a short sale of your current residence and buy a brand new or new to you house while you are doing a short sale as long as the brand new purchase closes after the close date of your short sale. It’s a must to be present and you must qualify for this new FHA loan. There is an FHA loan program on the market for people who really need to downsize.

The explanation that this mortgage is in place is as a result of the business and the federal government recognize that individuals 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 have to qualify for the new loan, you need to be current in your present dwelling loan, and you need to downsize your home. It’s a phenomenal resolution in the event you’re a strategic defaulter or in the event you’re just somebody that doesn’t wish to deal with an underwater home.

You can promote your house that is underwater today, purchase a new dwelling for fair market value and be nicely forward of the game and be well positioned to experience this real estate recovery that’s on the horizon. It might not be at this time or tomorrow, however we will have a real estate recovery and there shall be cash to be made during that recovery.

So you probably have any questions about 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 also download our free short sale information. We’re one among Sacramento County’s main short sale teams and we’d be pleased to talk 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 Your Rocklin Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle right here with ShortSaleSlayerz.com. We’re Sacramento County’s leading short sale team. Right now I need 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 am not an lawyer or an accountant, so if you’re going to contemplate a strategic default, you may want to communicate with an accountant or an legal professional to see what the legal and tax ramifications might be.

In case you are a homeowner that can afford your mortgage payments and you want to defend your credit score, we’re right here to help. We’ll simply come in, list your house and present a suggestion to the bank. Then the financial institution will ask us for your financials and we are going to present them to the bank. The bank could ask questions about why you are short selling when it looks like you’ll be able to afford your mortgage payments. We reply these questions truthfully with integrity and we let them know your intensions. If you’ll do a default, you mainly inform them you’re either going to do that short sale or let your home go to foreclosures because you don’t need to stay in a house that is $100,000 to $200,000 upside down. More often than not, the bank is going to figure out it’s going to 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 forward and complete the short sale and you might be done and put that debt behind you. There shall be a derogatory remark on your credit report. It is going to say something to the effect satisfied in full, short pay, and that does have a damaging influence in your credit report. In case you stay current during that time, you possibly can actually buy 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 house or home of lesser value. That is great information on the strategic default process.

Thanks for visiting the website, ShortSaleSlayerz.com, we are Sacramento County’s leading short sale team. When you have any questions, you possibly can reach out to me at my 800 number or just leave a remark and check out our free download on short sales. Thanks 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 Sacramento County Short Sale Specialists-Avoid Foreclosure