'Foreclosures & Short Sales' Category
When Is It Time To Short Sale My Home? Top Three Questions Answered
May 7th, 2010 Categories: Bel Etage, Brookside Escondido, Foreclosures & Short Sales, Real Estate News, Salviati, Santa Fe Valley, Savenna, bank owned
How would I initiate the short sale process?
A. To initiate the short sale process, contact your lender(s). Typically, the department to contact is your lender’s Loss Mitigation Department. Either you or your authorized representative needs to ask the lender for a short sale package or kit. Most lenders will make their particular processing forms and procedures pertaining to their required short sale documentation available to homeowners. 
Unlike what many people believe, some lenders will also allow you to apply and get approval for a short sale even when the homeowner has never been late or missed a mortgage payment. Please note that lenders will typically only consider a short sale after the borrower has: missed two mortgage payments; has no means to continue paying the mortgage; provided all the necessary financial and hardship documentation to the lender; agrees that they will not derive any proceeds from the sale.
Q. Should I contact a real estate agent?
A. Absolutely. But before selecting a real estate agent to represent you, determine whether or not they are knowledgeable about preforeclosure, foreclosure and bankruptcy options. Your agent should not be giving you advice regarding your personal financial situation. Any real estate agent who asserts that he or she is prepared to assist you as a homeowner in a potential short sale outcome must also be willing to follow the specific administrative procedures of the particular lender involved. In addition, the real estate agent should also acknowledge that they essentially confine their guidance to determining the property’s value and how to best market the property, versus advising the homeowner on the best preforeclosure/foreclosure resolution.
Q. Should I contact an attorney?
A. Absolutely. We recommend that you contact an attorney with the understanding that the attorney needs to not only be well versed in real estate law and foreclosure law in your particular state or province, but also needs to be a proven negotiator on behalf of their clients. Not all short sales or other pre-foreclosure or foreclosure options are structured alike. Therefore, the role of a highly competent attorney in such matters-one who can skillfully negotiate on your behalf-can make a world of difference.
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Need A Pre-Foreclosure Specialist? We’re Certified To Help You!
April 25th, 2010 Categories: Foreclosures & Short Sales, Real Estate News, Short Sales, bank owned
These are tough and frustrating times. Chances are, you or someone you know is facing the possibility of foreclosure. Today, nearly 1 out of every 6 homeowners in America are behind on mortgage payments.
Now is not the time to gamble with your financial future… It’s more important then ever to utilize a Certified Pre Foreclosure Specialist who has the intergity, training and experience to get you back on track. I specialize in pre-foreclosure and distressed properties and am duly certified as a Pre-Foreclosure Short Sale Specialist.
Our team places a huge emphasis on having a “Homeowner First” mentality, a mentality shared by Windermere Real Estate, my company. I chose Windermere Real Estate because their business plan supports a strong moral and family orientation, which places an emphasis on homeowner needs not commissions. Also their education and training is unsurpassed in the industry, which is why we are the largest regional Real Estate franchise in the U.S. and we continue to grow in this down market.
As a Certified Pre Foreclosure Specialist (PSC), together we can utilize my training and experience to maximize all available government programs and options to minimize your financial loss and help your credit history recover quicker. 
I specialize in distressed residential real estate such as, single family homes, condominiums and investment properties. Whether it’s keeping you in your home or selling it thorough a short sale, your understanding of this process is a critical part of managing your loss and getting your credit history to recover quicker.
My promise is not tell you what you want to hear, it’s to tell you what you need to know. I believe in, quality consulting and continuous improvement in my knowledge and service to you.
Contact us below for free and NO obligation information emailed directly to you!
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February Foreclosure Report
March 15th, 2010 Categories: Foreclosures & Short Sales, Real Estate News
Despite Foreclosure Inventories, Forclosure Sales Drop
Discovery Bay, CA, March 15, 2010 - ForeclosureRadar, the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for February 2010.
After reaching the lowest level in a year last month, Notice of Defaults, the start of the foreclosure process, increased by 19.7 percent in February. The number of properties scheduled for foreclosure sale remained near record levels, yet foreclosure sales, either Back to Bank or Sold to 3rd Parties, dropped by 11.9 percent total.
“The disconnect between delinquencies, and foreclosure sales continues to widen,” says Sean O’Toole, Founder and CEO of ForeclosureRadar.com. “While efforts to slow foreclosures are clearly working, it remains unclear that anything has yet addressed the core problem of excess household mortgage debt.”
You can read the full report on us! Read the rest of the story and get a free copy of the full February Foreclosure Report, just fill out the short form below and we’ll email it right out to you!
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