CalHFA Debacle with San Jose Short Sale My client requested a loan modification from CalHFA and was denied. The reason stated was “large surplus of funds.” Client contacted me to assist with a San Jose short sale. Value of property is $180,000. Loans on property: 1st Continue Reading
San Jose Short Sales: When Best Efforts Fall Short
San Jose Short Sales: When Best Efforts Fall Short I have been working San Jose Short Sales for over two years. There is one component that all short sales have in common. The common link to all short sales is the short sale fingerprint. No two short sales are alike – all Continue Reading
California Anti-Deficiency – SB 1178
California Anti-Deficiency - SB 1178 California's legislature recently passed SB 1178 which is the bill to extend anti-deficiency protection to homeowners who have refinanced. SB 1178 will ensure that homeowners keep the same "anti-deficiency" protections they have in the Continue Reading
San Jose Short Sale Specialist – HAFA Certified
The California Association of Realtors (“CAR”) HAFA certification (CHS) is designed for real estate professionals to understand Treasury Supplemental Directive 09-09 which was implemented on April 5, 2010. Working with a San Jose Short Sale Specialist who is also a Certified Continue Reading
San Jose Short Sales – Show me the Money!
As a San Jose Short Sale Specialist I am often asked: "Why are we required to put in a good faith deposit BEFORE the bank approves the short sale? "This is often followed by: "No one else requires a deposit." My response is typically something like this: The reasoning is that Continue Reading