Do’s and don’ts on a short sell

Brought to you by   SANDIEGOHOUSESHOP.COM   (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor

Do’s and don’ts on a short sell

I have just recently been asked about what should I do or not do in my Chula Vista short sale or San Diego short sale and here are some of the questions and answers to what I've been asked.

1. 1.     Somebody wants to charge me before they do my short sell, should I pay them?  Nope you’re not to pay any money when doing your short sell ahead of time.
2. 2.     Somebody is asking me to sign off my title to them, should I do that? Do not do that, there is no reason why someone should be asking you to be put on title if they’re helping you, all they should do this help you.
3. 3.     If they promise to rent me after the short sale is over, should I let them? If someone is promising you to rent the property after the short sell is over be very careful.
4. 4.     How about if they promise me that I will be able to buy again in less than a year? As of right now and depending on your situation you may be able to buy a home within the next two years. But that’s only if you kept up your credit and your bills. But again every situation is different.
5. 5.     Would the debt Forgiveness act pass?  Yes it just did, but only until the end of 2013

For any other questions please feel free to contact us at www.sandiegohouseshop.com

Do you want to know the Short Sale Facts for Short ? 

Click Here 

HAFA program Explained? 

Click Here

Do you Qualify for a Short Sale? 

Click Here 

MFDRA
More info click here 

Will the Mortgage Forgiveness Debt Relief Act be Extended?

You can Count on us   SANDIEGOHOUSESHOP.COM AT  (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor

Mortgage forgiveness debt relief act of 2007

Many of our clients have asked if this act will happen to be extended.

As a reminder this legislation ensures that homeowners who received principal reductions or other forms of debt forgiveness on their primary residences do not have to pay taxes on the amount forgiven,  without it the debt forgiven on a loan modification or short sales will qualify as income that is taxable to the borrower.

 In order to avoid that, you would have to presently close that loan modification or  the short sale on or before December 31^st 2012.

A few months back DSnews reported:

“Obama’s FY2013 budget proposal includes an extension of the Mortgage Forgiveness Debt Relief Act of 2007…  

In the Treasury’s Green Book, its summary explanation of the administration’s budget proposal, it calls for an extension of the tax break due to “the continued importance of facilitating home mortgage modifications.”

The administration is proposing an extension that would apply to any amounts forgiven before January 1, 2015.”

In today’s date this could mean a great help for all the homeowners that have a pending loan modification or short sale.  This budget proposal could be considered doubtful and both parties would have to agree of this agreement be extended we can in the hope that Congress get their act together and passes this provision. 

Disclaimer: we strongly recommend you do that for any tax issues you consult your tax agent.

Contact us at http://www.SanDiegoHouseShop.com/contact

If you really need help in your Short Sale Read this!

You can Count on us   SANDIEGOHOUSESHOP.COM AT  (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor

Are you having problems paying your mortgage?
Has your modification fail?
Have you tried to modify many times and been denied?
Have you lost your job?
Do you have a hardship?
Can you short sell?
Are you looking in to foreclosing your property?

Have you receive an NOD?

Before you do that make you to give us a call and discuss your options, is not easy to make a decision when you are having so much problems at home,  we are here to help you and show you that there’s many solutions to your problem you are not the only one and there is help for you.  But as necessary that you realize liking everything they have a real problem in your hands and is draining everything you are,  let us help you with your Chula Vista short sale are experienced staff will be able to take your call or request with a outmost respect privacy and is free for you. 

Check out our blogs and you will see that there is an answer for you and your future will be better.
Don’t let the banks bully you and take the right steps! Take control of your situation! And you will determine your own ending! Not the banks !!

Give us a call or visit us at http://www.SanDiegoHouse.com  

Do you want to know the Short Sale Facts for Short ? 

Click Here 

HAFA program Explained? 

Click Here

Do you Qualify for a Short Sale? 

Click Here 

Foreclosure Headlines

You can Count on us   SANDIEGOHOUSESHOP.COM AT  (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor

Headlines today are filled with many stories about homeowners in financial distress— 

Millions of American home owners are wondering what to do, because they are facing financial difficulties and they may lose their home to the Big BANKS!   .

Because of these and many other crises,  it has produced many  rumors and misinformation, in the news, TV programs, News Papers, the Internet, etc. The mayor one is the attitude of "WHY NOT, LET IT HAPPEN!!"  or "Is worthless to fight back!"  Linking like that happens and often times is not such a good idea !

There are a lot of emotions involved in it and is draining !    and the well intended Loan Modifications aren't helping especially when 1 out of 9 Loan Modifications aren't been approved!  and they aren't helping many people.  While some of the rumors are just that many or what I just brought up is real!    Don't get caught on this web of miss information.  Take control over your own situation!  

As I said Government intentions were good but they have fallen short of the public's expectations ,  but there is a solid answer for you the Homeowner in distress !    there is a sensible option that will help you take care of the matter and at the same time will open up your future, this is called a short sale—a sale to a buyer where the seller’s lender agrees to accept less than the full amount owned.

Here you can see the articles we blogged about in regards this situation you are not alone trust me! 

And as many others they have found help with their Short Sale in Chula Vista and San Diego!  

Do you want to know the Short Sale Facts for Short ? 

Click Here 

HAFA program Explained? 

Click Here

Do you Qualify for a Short Sale? 

Click Here 

Facing Foreclosure? Here is a way out !

You can Count on us   SANDIEGOHOUSESHOP.COM AT  (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor

Why not be foreclosed? Why sell short?  

• 
  
• If you ask many of the Agents that have sold many Short Sales about the process and information on Sort Sales in Chula Vista or San Diego the can give you Hundreds of reasons why it is good to do A Short Sales over a Foreclosure.   Here are some of them!  
• 
  
• Why not to Foreclose - Because is the right thing, after you used the house, lived in it, created memories in it with you and your family, why not do the right thing, and at the same time benefit from it, taking the chance to maybe qualify for relocation money from your Servicer / Bank !
• Foreclosure stigma avoid it! – As a Foreclosed Homeowner you will always have to disclose  that you foreclosed on your Mortgage on any Mortgage application and many job applications that you submit in the future.  If you ever have to rent which you will after 90% of the times you may have to pay higher rent or deposit because you had a foreclosure that shows in your credit report.   This can also have an adverse effect in the future for mortgage rates, credit card rates etc.  Foreclosure is asked about specifically in credit inquiries. There is no seven-year time limit on this item!
• Make sure you protect credit score – By Foreclosing your credit scores will be lowered by 300-plus points (per loan) , by Short Selling will impact only about half.  
• Have your chances of Improving the eligibility for a government insured loan – In a Foreclosure you will be ineligible for a Government insured loan for 5-7 years (only two if you Short Sale.  A foreclosure will remain in your credit report and that is an item that is very impossible to take out of it!  
• Stop and Avoid a deficiency judgment – Lenders have the right and they can seek deficiency judgement against the home owner and they can collect the amount owed to them that was not recover at the sale!   
• Protect your future employment  prospects – Many employers are requiring credit checks on their new prospect employees.  Government clearance will be put at risk by a Foreclosure,  Many employers will run credit background checks on  prospective employees. Foreclosure is one of the top items that will put a potential new hire, or even current employment, in jeopardy.

These are the top reasons, but there are more. An expert short sale specialist agent can give a full picture of the options.

Give us a call we can help you sort out your situation and also we can help you come ahead on your Short Sale in Chula Vista or San Diego.   For a free private consultation  http://www.sandiegohouseshop.com

Do you want to know the Short Sale Facts for Short ? 
Click Here 

HAFA program Explained? 
Click Here

Do you Qualify for a Short Sale? 
Click Here 

What are my options if I want to Avoid Foreclosure?

You can Count on us   SANDIEGOHOUSESHOP.COM AT  (619) 354-4636  or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA VISTA AND SAN DIEGO  SHORT SALE SPECIALIST     Hugo Sanchez Realtor

HERE ARE SOME THINGS OR OPTIONS TO CONSIDER! 

Before losing your House at least take control of your situation and get some help: 

If you were denied on the a Loan Modification and tried not once but several times with out any success!   

There are still several options I will mention, Don't Foreclose in your Chula Vista Home or San Diego Home! 

1.  You can try to Go for HAFA : 

HAFA = Home Affordable Foreclosure Alternatives Program. 

It's offer by most of the Financial Institutions if you qualify for it you may even be able to get some money back for moving expenses!  

Click here for FULL info on the HAFA Program.

FOR THE SHORT VERSION CLICK HERE! 

2. Short Sale : 

This is a non-HAFA option but still may benefit you in case you don't qualify for HAFA Short Sale on your Chula Vista or San Diego Home.   This program depending on your bank can bring you some money back for moving expenses.

CLICK HERE FOR THE SHORT SALES PROCESS EXPLAINED IN SHORT! 

3. Deed-in-lieu of Foreclosure: 

Not often talked about but this is in case you were not HAFA eligible and the Short Sale in your Chula Vista Home or San Diego House was not Materialized.  

With this option you are voluntarily giving your house up to the bank.  All liens are still due and you may have to wind up paying for them.   Option # 3 is not such a viable option.  

Click here before you do anything else! 

LET US HELP YOU WE ARE HERE FOR YOU. PLEASE CALL US TODAY!  

(619) 354-4636

Or Visit us at  http://www.SanDiegoHouseShop.com/contact