Sellers

What Is a Short Sale?

Thumbnail image for What Is a Short Sale?

Attention homeowners! There is a lot of information in the media right now about the housing market, about the government’s policies and procedures for helping homeowners facing tough times, and about options available when you are having trouble making mortgage payments. In this short article, I will attempt to clarify one of the options available: a short [...]

July 28, 2011 CONTINUE READING THIS POST →

What Is Included in the Short Sale Package?

Thumbnail image for What Is Included in the Short Sale Package?

If you are a seller who is interested in selling your home as a short sale, you must be prepared to provide some information to your mortgage lender in order for the lender to approve the short sale. Despite the fact that the information is not wrapped in a box, it is called the short [...]

July 25, 2011 CONTINUE READING THIS POST →

Great News for California Short Sale Sellers – Deficiency Waived

Thumbnail image for Great News for California Short Sale Sellers – Deficiency Waived

Senate Bill 458 Signed into Law California homeowners who are considering a short sale and wondering about the consequences of this decision will be really pleased with this new law. Governor Jerry Brown just signed Senate Bill 458 into law. Senate Bill 458 expands upon previous short sale anti-deficiency laws.  The previous law (Senate Bill 931) had [...]

July 21, 2011 CONTINUE READING THIS POST →

Trials and Tribulations of Vacancy

Thumbnail image for Trials and Tribulations of Vacancy

With so many distressed properties on the market (both short sales and bank-owned foreclosures), it’s not uncommon for neighborhoods to have vacant homes. In fact, I passed one on a walk just yesterday morning and was wondering why on earth the listing agent had left the curtains open—making it so brutally obvious that the home [...]

July 18, 2011 CONTINUE READING THIS POST →

Do I Have to Sell in Order to Buy?

Thumbnail image for Do I Have to Sell in Order to Buy?

It almost sounds like the Nick Lowe song “Cruel to Be Kind” (which I believe was originally a quote from Shakespeare’s Hamlet). But, with such wonderful real estate prices right now, lots of homeowners are wondering if they have to sell their existing home in order to buy another. One Southern California homeowner asks, “I [...]

July 14, 2011 CONTINUE READING THIS POST →

Keep the Utilities On

Thumbnail image for Keep the Utilities On

You have moved out of your home, but the property isn’t going to close and be transferred to the new buyer for another month or so. You want to save a few bucks. So, what do you do? You turn off the utilities. You cancel the trash pickup and the water service. You tell the [...]

July 11, 2011 CONTINUE READING THIS POST →

Can a Short Sale Buyer Move In Before Closing?

Thumbnail image for Can a Short Sale Buyer Move In Before Closing?

One of our colleagues, Wendy Rulnick, a short sale superstar in Destin, Florida, wrote this great article about short sales and early occupancy. People often ask the agents of Broadpoint Properties whether it’s a good idea for the buyer to move in before the short sale is approved and/or officially closed. While this could be [...]

June 27, 2011 CONTINUE READING THIS POST →

← Previous Entries

Next Entries →