Hello, I’m Jason Zweigle here with ShortSaleSlayerz.com. We’re one among Nevada City’s leading short sale teams. Thank you for visiting our website. Right now we are going to discuss about the new California Senate Bill SB458, which is the anti-deficiency assembly bill. Primarily it’s an amendment 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 may now not come after a seller for a deficiency and they might 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 safety to second lien holders. You probably have a primary and a second and they agree to do a short sale, that’s it; you are out of debt, you’re done with a short sale and you’ll owe no more money. This bill solely applies to short sales and never foreclosures. Many individuals are handing the banks the keys and strolling away. This isn’t a good idea because 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 great benefit within the short sale game for the California consumer. Additionally, 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 may offer as a option to incentivize the bank to conform to a short sale and sometimes that’s a superb move. The buyer can supply $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 cash to make the deal go through, it is no harm no foul.

When you’ve got any questions, you possibly can reach out to me. My number is on the website or you possibly can fill out the form below. We’re ShortSaleSlayerz.com and one among Nevada City’s leading short sale teams. We look ahead to hearing from you soon, have an ideal 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, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Nevada City’s main short sale teams. Right now we will answer the million dollar query, Is your private home underwater? Meaning principally you owe more to your bank than what your own home is worth. That is universally the most asked question. Most individuals know their home is underwater, but they don’t know by how much. If in case you have an underwater mortgage, you are most likely wondering how much your private home is worth and how far upside down you are. You may also be wondering how you’ll ever get out of this mess. I believe that a short sale is a great answer to get out of being underwater. Foreclosure is also an possibility however with that comes numerous legal and monetary burdens that can be associated with foreclosures.

We now have a great new software that we need to offer you for free. That is our new short sale calculator. We have partnered up with Zillow to provide you with some key pieces of knowledge; A. What’s your house worth? B. How far upside down are you, and C. How long will it take you until you might have a zero equity balance? Right now, lots of you watching this owe far more than what your property is worth. Hopefully you should use the short sale calculator to decide if a short sale is best for you or if you ought to preserve your home.

Fill out the form beneath and reach out to us. Benefit from this free tool, there’s no obligation whatsoever. We also have a free download with some great information about short sales. Thanks for visiting ShortSaleSlayerz.com, where we are considered one of Nevada City’s main short sale teams.

If you have any questions, you may call us at any time. Our number is 1-800-646-0362 or visit the website. Thanks a lot, 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 Rocklin Short Sale Specialists-Avoid Foreclosure

Hi, I’m Jason Zweigle with ShortSaleSlayerz.com. We’re considered one of Nevada City’s leading short sale teams. The subject right now is what to do when you can’t make your mortgage payments. There are several options for you if you can’t make your mortgage payments. You can reach out to your financial institution and talk to them about a mortgage modification. Many people try to do mortgage modifications and it is essentially the most frustrating experiences they’ve ever gone through. Whether or not the financial institution will not respond or lose your paperwork ten or fifteen times. I’ve even heard stories from shoppers that didn’t go through us and wound up attempting to do a mortgage modification and misplaced their house to foreclosure in the midst of mortgage modification. In our opinion a loan modification is not the greatest solution.

You too can do foreclosure, just walk away and let the financial institution take it back. This additionally isn’t the very best solution. You can also do a deed in lieu of foreclosure and what that means is you tell the bank they needn’t foreclose on your own home, you will voluntarily leave. No harm, no foul. Foreclosures and deed in lieu of foreclosures each have a adverse impact on your credit. Each of those additionally leave you open to second lien holders and typically first lien holders being able to come after you to try and collect that unpaid balance. That may be a scary factor as well whenever you’re making an attempt to recuperate financially.

I feel an exceptional 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 huge lack of value. Number one, a short sale is a big 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 a bit of bit more money from a short sale than a foreclosure. The rest of the neighborhood will not have the unsightly vacant houses which can be 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 is an awesome instrument and I really encourage you to use that. We’re ShortSaleSlayerz.com, considered one of Nevada City’s main short sale teams. We’re right here that can assist you make the precise determination on your situation. Have a terrific 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 Sacramento County Short Sale Specialists-Avoid Foreclosure

Hi, Jason Zweigle right here with ShortSaleSlayerz.com, we’re one of Nevada City’s main short sale teams. Thank you for visiting our website. Right now we will talk in regards to the part 2 of the Bank of America HAFA short sale program. I wanted to increase just a little 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 shopper to ask the bank to present you a price to promote your home. There is a back door HAFA program that we use and mainly we take a proposal and submit it after which we request for HAFA short sale approval, getting you the benefits of the HAFA short sale, the $3,000, but not having the financial institution meddle with our sale price and contract.

Plenty of this is additionally investor driven. You could have a servicer corresponding to Bank of America and generally they’ve a portfolio loan meaning it is their cash that’s invested in the dwelling, but most of the time, 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 now we have to get through to get a HAFA short sale approval.

I recommend if you’re going to consider a short sale or a HAFA short sale that you definitely work with a highly experienced agent that has finished quite a few short sales. I’d say 50 to 60 plus before they have real tried and true expertise so they know how one can navigate through these challenging short sales. The good news is, contrary to popular information out there on the websites and news reviews, HAFA short sales are an excellent resolution, it ensures the buyer $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 little bit more cash which gives the second lien holder more motivation to agree 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 fantastic free download with further details about short sales. We’re ShortSaleSlayerz.com, one of Nevada City’s leading short sale teams. I look ahead to hearing from you soon. Thanks 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

Hi, Jason Zweigle right here with ShortSaleSlayerz.com, we’re one of Nevada City’s main short sale teams. I wanted to talk at this time concerning the Bank of America HAFA short sale. Many of us out there do not actually know what a HAFA short sale is, and it is basically a federal authorities backed short sale plan that lots of the banks that participated in TARP additionally take part in the HAFA program. The HAFA program follows some federal tips, some bank or servicer guidelines, and a few investor guidelines. So, it may possibly get somewhat bit complicated. Generally, there are two ways to do a short sale with the Bank of America HAFA program.

The consumer or the agent can apply to get a pre-permitted HAFA short sale, and I think this is a large mistake, and it is why the HAFA short sale has such a bad name out there. Mainly a shopper or agent goes to the financial institution and tells them they would like to do a short sale. The bank thinks that is great and requests some monetary info they usually’ll send out their mortgage agent or appraiser to give a fair market value for the home. There’s the issue right there. They need to set up the worth of the home and so they aren’t the principle in the transaction, in order that they shouldn’t be dictating the sale price of the home. They are going to send someone out and most of the time, they’re going to tack on 20% on top of that list worth or that prompt checklist price after which give you one hundred twenty days to promote the home. For those who don’t sell it, then they will do a deed in lieu of foreclosures or foreclose. This isn’t a great option.

The way in which we approach a HAFA short sale with Bank of America, is that we go in the back door. We’ll initiate your short sale with Bank of America as a traditional short sale. We’ll sign a listing settlement with you, and we’ll set up fair market worth to your dwelling after which checklist the property. Then once we’ve an offer, we’ll 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 have to agree to the short sale and has to conform to forgive you of any remaining steadiness or deficiency.

On top of that, they can even provide $three,000 to you the vendor for shifting 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 Nevada City’s main short sale teams. I will develop more on this in my half video. Thanks rather a lot 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 Nevada County Short Sale Specialists-Avoid Foreclosure

Hi, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Nevada City’s main short sale teams. Thanks for visiting the website. At the moment I am wrapping up my three part sequence on strategic default with the bail and buy program. Believe it or not, you can complete a short sale of your present residence and buy a brand new or new to you home while you are doing a short sale as long as the new buy closes after the close date of your short sale. It’s a must to be current and you have to qualify for this new FHA loan. There is an FHA mortgage program out there for individuals who really want to downsize.

The explanation that this loan is in place is because the industry and the federal government recognize that individuals 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, you must qualify for the new loan, it’s a must to be current on your current dwelling loan, and it’s a must to downsize your home. It is a phenomenal resolution if you’re a strategic defaulter or if you’re just somebody that doesn’t wish to deal with an underwater home.

You’ll be able to sell your home that’s underwater today, purchase a new home for fair market worth and be effectively ahead of the game and be well positioned to experience this real estate recovery that is on the horizon. It may not be at present or tomorrow, however we will have a real estate recovery and there can be money to be made throughout that recovery.

So if in case you 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. It’s also possible to obtain our free short sale information. We’re one among Nevada City’s main short sale groups and we would be glad to talk with you. 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 Auburn Short Sale Specialists-Avoid Foreclosure

Hello, I’m Jason Zweigle here with ShortSaleSlayerz.com. We’re Nevada City’s leading short sale team. At the moment I need to talk in regards to the steps to approach a strategic default. It is real simple how you do a strategic default in my opinion. Number one, I am not an legal professional or an accountant, so if you are going to think about a strategic default, you may want to converse with an accountant or an legal professional to see what the legal and tax ramifications may be.

In case you are a home-owner that may afford your mortgage payments and you need to protect your credit, we are right here to help. We will merely come in, list your private home and present an offer to the bank. Then the bank will ask us for your financials and we’ll present them to the bank. The financial institution may ask questions about why you might be short selling when it appears to be like like you may afford your mortgage payments. We reply those questions honestly with integrity and we let them know your intensions. If you are going to do a default, you principally inform them you might be either going to do this short sale or let your house go to foreclosures because you do not wish to stay in a home that’s $100,000 to $200,000 upside down. More often than not, the financial institution is going to figure out it can 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 funds, we go forward 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 score report. It’s going to say one thing to the effect satisfied in full, short pay, and that does have a destructive impression on your credit report. In the event you remain current throughout that point, you can really purchase a home both simultaneous close or after you close your escrow on your short sale, there are loans in place where you should buy a downsized house or residence of lesser value. That is nice news on the strategic default process.

Thanks for visiting the website, ShortSaleSlayerz.com, we are Nevada City’s main short sale team. When you have any questions, you’ll be able to reach out to me at my 800 number or simply leave a remark and take a look at our free download on short sales. 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 Sacramento County Short Sale Specialists-Avoid Foreclosure