Hello, I’m Jason Zweigle here with ShortSaleSlayerz.com. We’re one of Orangevale’s leading short sale teams. Thanks for visiting our website. At present we’re going to discuss in regards to the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Essentially it is an modification to a previous bill that was passed about deficiencies in the state of California. If a lender agrees to do a short sale, the first lien holder could now not come after a seller for a deficiency and they’d waive all deficiency rights. In other words, they couldn’t 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 comply with do a short sale, that is it; you’re out of debt, you are completed with a short sale and you’ll owe no more money. This bill solely applies to short sales and not foreclosures. Many people 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 because you truly walked away from it.

This new senate bill is a superb advantage within the short sale game for the California consumer. Also, one other added stipulation, the banks can now not ask for a contribution from the seller. So they can’t say, hey give us $10,000 and we’ll do a short sale. You can supply as a method to incentivize the bank to comply with a short sale and generally that’s a superb move. The buyer can offer $four,000 to $5,000 to make the deal go through. They’re getting an unimaginable deal anyway, so if they’ve so as to add a bit money to make the deal go through, it’s no harm no foul.

When you’ve got any questions, you can reach out to me. My number is on the web site or you possibly can fill out the form below. We’re ShortSaleSlayerz.com and one among Orangevale’s leading short sale teams. We look forward to hearing from you soon, 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 Your Nevada County Short Sale Specialists-Avoid Foreclosure

Hello, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Orangevale’s main short sale teams. Right now we’ll reply the million dollar question, Is your house underwater? Which means mainly you owe more to your bank than what your property is worth. This is universally the most asked question. Most people know their home is underwater, but they don’t know by how much. If you have an underwater mortgage, you’re in all probability questioning how much your property is worth and how far upside down you are. You might also be wondering how you’ll ever get out of this mess. I feel that a short sale is a superb solution to get out of being underwater. Foreclosures can also be an possibility but with that comes numerous authorized and financial burdens that can be related to foreclosures.

We have now an excellent new instrument that we need to give you for free. This is our new short sale calculator. We have partnered up with Zillow to offer you some key pieces of information; A. What is your home worth? B. How far upside down are you, and C. How long will it take you till you have got a zero equity balance? Right now, many of you watching this owe way over what your home is worth. Hopefully you need to use the short sale calculator to decide if a short sale is best for you or in case you should hold your home.

Fill out the form below and reach out to us. Take advantage of this free instrument, there isn’t any obligation whatsoever. We also have a free download with some great information about short sales. Thank you for visiting ShortSaleSlayerz.com, where we’re certainly one of Orangevale’s main short sale teams.

If in case you have any questions, you possibly can call us at any time. Our number is 1-800-646-0362 or visit the website. Thanks lots, 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 -Avoid Foreclosure

Hello, I am Jason Zweigle with ShortSaleSlayerz.com. We’re one of Orangevale’s main short sale teams. The subject at this time is what to do when you can’t make your mortgage payments. There are a number of choices for you if you can’t make your mortgage payments. You can reach out to your financial institution and speak to them a couple of mortgage modification. Many individuals are attempting to do mortgage modifications and it’s probably the most irritating experiences they’ve ever gone through. Whether or not the bank 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 misplaced their house to foreclosure in the midst of loan modification. In our opinion a mortgage modification is not the best solution.

You may as well do foreclosure, simply walk away and let the financial institution take it back. This also is not the perfect solution. You may also do a deed in lieu of foreclosure and what meaning is you inform the financial institution they don’t need to foreclose on your private home, you’ll voluntarily leave. No harm, no foul. Foreclosures and deed in lieu of foreclosures both have a damaging impact on your credit. Each of these additionally leave you open to second lien holders and typically first lien holders being able to come after you to try and accumulate that unpaid balance. That can be a scary thing as well if you’re attempting to recover financially.

I feel a phenomenal solution 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 huge benefit to you the seller. You may walk away from your private home, get out of debt, not owe anything, actually get just a little bit of cash in your pocket and move on. For the financial institution, they get just a little bit more money from a short sale than a foreclosure. The remainder of the neighborhood won’t have the unpleasant vacant properties which can be getting vandalized.

So if you have any more questions, fill out the form below. You can also use the form below to get to our free short sale calculator. It is an amazing device and I actually encourage you to use that. We’re ShortSaleSlayerz.com, considered one of Orangevale’s leading short sale teams. We’re here to help you make the precise determination to your situation. Have a great 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 Nevada City Short Sale Specialists-Avoid Foreclosure

Hello, Jason Zweigle here with ShortSaleSlayerz.com, we’re one of Orangevale’s leading short sale teams. Thank you for visiting our website. Today we’re going to talk concerning the part 2 of the Bank of America HAFA short sale program. I wanted to develop somewhat on how we approach the short sale option. Within 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 is like a preapproved short sale. That is a catastrophic mistake for any agent or client to ask the financial institution to present you a value to sell your home. There’s a back door HAFA program that we use and basically we take a suggestion and submit it after which we request for HAFA short sale approval, getting you the benefits of the HAFA short sale, the $3,000, however not having the financial institution meddle with our sale price and contract.

A lot of this is additionally investor driven. You could have a servicer equivalent to Bank of America and typically they’ve a portfolio loan that means it’s their money that is invested within the dwelling, but more often than not, it’s going to be a Fannie or Freddie or perhaps even Wells Fargo or Chase’s cash 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 recommend if you are going to think about a short sale or a HAFA short sale that you positively work with a highly skilled agent that has done quite a few short sales. I might say 50 to 60 plus before they have real tried and true experience so that they know how to navigate through these difficult short sales. The excellent news is, opposite to popular information out there on the websites and information stories, HAFA short sales are an amazing solution, it ensures the patron $3,000 at close of escrow and it ensures forgiveness of any debt. It is also good for the second lien holders because the first will give the second a bit of bit extra money which gives the second lien holder more motivation to comply with the short sale. We want the second lien holder’s blessing and approval to really do a short sale.

When you’ve got any questions, give me a call, my 800 number is posted on the web site or fill out the form below. There’s an incredible free download with extra details about short sales. We’re ShortSaleSlayerz.com, considered one of Orangevale’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 Your Sac Town Short Sale Specialists-Avoid Foreclosure

Hello, Jason Zweigle here with ShortSaleSlayerz.com, we’re one among Orangevale’s leading short sale teams. I wanted to talk today about 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 basically a federal government backed short sale plan that many of the banks that participated in TARP also take part within the HAFA program. The HAFA program follows some federal tips, some financial institution or servicer pointers, and a few investor guidelines. So, it may get a bit bit complicated. On the whole, there are methods to do a short sale with the Bank of America HAFA program.

The consumer or the agent can apply to get a pre-authorised HAFA short sale, and I believe this can be a enormous mistake, and it is why the HAFA short sale has such a bad name out there. Basically a shopper or agent goes to the bank and tells them they wish to do a short sale. The bank thinks that’s nice and requests some financial data they usually’ll send out their mortgage agent or appraiser to offer a fair market worth for the home. There’s the issue right there. They want to set up the worth of the house they usually aren’t the principle within the transaction, in order that they shouldn’t be dictating the sale worth of the home. They’re going to send somebody out and more often than not, they’re going to tack on 20% on top of that list value or that prompt record value and then provide you with one hundred twenty days to sell the home. For those who do not sell it, then they’re going to do a deed in lieu of foreclosure or foreclose. This isn’t a good option.

The way we strategy a HAFA short sale with Bank of America, is that we go within the back door. We’ll initiate your short sale with Bank of America as a traditional short sale. We’ll sign an inventory settlement with you, and we’ll establish truthful market worth in your home after which checklist the property. Then as soon as we have a proposal, we are going to submit that supply to the bank and request a HAFA short sale approval. The wonderful thing about the HAFA short sale approval is both lenders must agree to the short sale and has to agree to forgive you of any remaining balance or deficiency.

On top of that, they will also supply $3,000 to you the vendor for transferring expenses at close of escrow that’s paid right from the title company when the deal closes. We’re ShortSaleSlayers.com, one in every of Orangevale’s main short sale teams. I’ll expand extra on this in my half two video. Thanks lots 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 -Avoid Foreclosure

Hello, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Orangevale’s leading short sale teams. Thanks for visiting the website. Today I’m wrapping up my three part series on strategic default with the bail and buy program. Consider it or not, you possibly can fullfill a short sale of your present dwelling and purchase a model new or new to you home while you’re doing a short sale as long as the new buy closes after the close date of your short sale. You have to be current and you must qualify for this new FHA loan. There’s an FHA loan program on the market for individuals who really want to downsize.

The rationale that this mortgage is in place is as a result of the trade and the government recognize that people are walking away from their mortgages because they’re well underwater. So in what I call the bail and buy program, you are able to do a short sale, it’s important to qualify for the new mortgage, it’s important to be current in your current residence mortgage, and it’s a must to downsize your home. It’s a phenomenal solution in case you’re a strategic defaulter or when you’re simply somebody that doesn’t need to deal with an underwater home.

You’ll be able to promote your private home that is underwater today, purchase a brand new residence for truthful market worth and be effectively forward of the game and be nicely positioned to experience this real estate recovery that’s on the horizon. It won’t be at present or tomorrow, however we can have a real estate recovery and there can be money to be made throughout that recovery.

So when you’ve got any questions concerning 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 even download our free short sale information. We’re one in every of Orangevale’s main short sale groups and we might be pleased to chat with you. 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

Hello, I’m Jason Zweigle right here with ShortSaleSlayerz.com. We are Orangevale’s leading short sale team. Today I wish to talk about the steps to approach a strategic default. It’s real simple the way you do a strategic default in my opinion. Number one, I am not an legal professional or an accountant, so if you’re going to take into account a strategic default, you may want to communicate with an accountant or an lawyer to see what the legal and tax ramifications could be.

If you are a homeowner that may afford your mortgage funds and also you need to protect your credit score, we are right here to help. We are going to merely come in, list your property and present a suggestion to the bank. Then the bank will ask us for your financials and we are going to present them to the bank. The bank could ask questions on why you’re short selling when it appears like you possibly can afford your mortgage payments. We answer these questions honestly with integrity and we let them know your intensions. If you’ll do a default, you basically tell them you’re either going to do this short sale or let your home go to foreclosures because you do not need to stay in a home that’s $100,000 to $200,000 upside down. As a rule, the financial institution is going to determine it should make sense for them because they get more cash for the short sale then if it goes to foreclosure.

So, you’ll continue to make payments, we go ahead and complete the short sale and you are done and put that debt behind you. There will be a derogatory remark on your credit score report. It is going to say one thing to the effect satisfied in full, short pay, and that does have a destructive impact on your credit score report. If you happen to stay current during that point, you can truly buy a house either simultaneous close or after you close your escrow on your short sale, there are loans in place where you can buy a downsized dwelling or house of lesser value. This is nice information on the strategic default process.

Thanks for visiting the web site, ShortSaleSlayerz.com, we’re Orangevale’s main short sale team. When you’ve got any questions, you’ll be able to reach out to me at my 800 number or just leave a comment and check out 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 -Avoid Foreclosure