Sellers

2012 Updates to the HAFA Program

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The Home Affordable Foreclosure Alternatives Program (HAFA) is a government-sponsored program aimed to provide additional alternatives to foreclosure. Aside from loan modification (the government’s HAMP program) and underwater refinance (the government’s HARP program), the Treasury has also provided options for distressed borrowers through short sale and deed-in-lieu of foreclosure. Just like a small child that [...]

April 18, 2012 CONTINUE READING THIS POST →

After Short Sale, You Can Buy Again

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Everyone wants to know the answer to the following question: “Is it true that I can short sale my house and purchase again with no waiting period?” The answer is “yes” and “no” and “maybe.” According to the excellent chart that I’ve shared below (courtesy of my friends at American Capital Home Loans), if you [...]

March 21, 2012 CONTINUE READING THIS POST →

Three Hot Tips for Escondido Home Sellers

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Putting your Escondido home up for sale can be stressful. When you sell your home (especially if it is your primary residence), this means that you have to pack and have a plan for your future move. Here are three hot tips for Escondido home sellers: Start packing before you put your home on the [...]

January 25, 2012 CONTINUE READING THIS POST →

Getting Out from Underwater – New Year’s Resolution

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Everyone makes New Year’s Resolutions—lose 5 pounds, go to the gym three times a week, work harder, spend more time with family, etc. This year, it seems that many homeowners may want to add another New Year’s Resolution to the list: getting out of my underwater property. (That is, homeowners who owe more on their [...]

January 4, 2012 CONTINUE READING THIS POST →

The Cost of a Short Sale

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Here’s a question that people are always curious about: How much does it cost to do a short sale? Well, the answer is two-fold. If you are wondering how much commission you will be required to pay in a short sale transaction, the answer is ‘zero.’ Here’s why: In a short sale transaction, the seller [...]

December 28, 2011 CONTINUE READING THIS POST →

Refinance Program for Underwater Borrowers – HARP 2.0

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A few weeks back, we reported on this wonderful newly updated Government program, commonly known as HARP 2.0. In this program, responsible borrowers (perhaps even you) who are upside down (who owe more to the bank than their homes are worth) can refinance at prevailing rates. Guidelines for this program were slated to come out [...]

December 7, 2011 CONTINUE READING THIS POST →

Short Sale Anti-Deficiency Law Explained

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Just the other day, a former short sale seller from another part of California contacted our office because she had questions about Senate Bill 458 and the anti-deficiency regulations for those short sale sellers that participated in a short sale prior to July 15, 2011. Senate Bill 458 protects short sale sellers (borrowers) because it [...]

November 16, 2011 CONTINUE READING THIS POST →

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