Mortgage Modification Scams Mortgage Modification Scams in the market today … according to Financial Crimes Enforcement Network “First, subjects conned homeowners into signing quit-claim deeds to their properties, then sold homes from under the former owner to straw 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
A New Foreclosure Bill – Senate Bill 1275
On Thursday, June 3, 2010, the California Senate approved a new foreclosure bill SB 1275. With a 21 to 12 vote, SB 1275 will be heard by the Assembly Banking Committee before it goes to the full Assembly for a vote. Sen. Mark Leno (D-San Francisco) and Senate President Pro Continue Reading
San Jose Short Sales – another success story!
Ever wonder why San Jose short sales "don't close"? We just closed another San Jose Short Sale! We received Short Sale Lender Approval on 5-3-2010. We closed in 19 calendar days. We could have closed sooner IF only the Listing Agent had timely performed. Because we were waiting Continue Reading