Flipping, Flipping! Are you ready to Sell?
Know the facts before you foreclose!: LET"S Flip it!: Brought to you by SANDIEGOHOUSESHOP.COM (619) 354-4636 or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA V...
Wednesday, January 9, 2013
Know the facts before you foreclose!: LET"S Flip it!
Know the facts before you foreclose!: LET"S Flip it!: Brought to you by SANDIEGOHOUSESHOP.COM (619) 354-4636 or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA V...
Know the facts before you foreclose!: Housing Recovery on the way UP!
Houses Going up! Are you ready to Sell?
http://www.sandiegohouseshop.com/contact
Know the facts before you foreclose!: Housing Recovery on the way UP!: Brought to you by SANDIEGOHOUSESHOP.COM (619) 354-4636 or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA ...
http://www.sandiegohouseshop.com/contact
Know the facts before you foreclose!: Housing Recovery on the way UP!: Brought to you by SANDIEGOHOUSESHOP.COM (619) 354-4636 or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA ...
Housing Recovery on the way UP!
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
Housing recovery on the way UP!
The housing industry is 51% back to normal, according to a Trulia assessment of key housingstatistics.
For the Full Report please click here
The housing industry is 51% back to normal, according to aTrulia ($19.10 0.58%) assessment of key housing statistics.
By looking at the optimistic information we can determine the following.
It's time to Sell! if you have been on the fence because wondering when was the market going to change the time is NOW ! according to CAR.org prices have been going up since couple quarters ago, and if you are wondering whether you should sale or not then give us a call we can give you a better Ideas of how much does your Home value is at this time for free!
It's time to Sell! if you have been on the fence because wondering when was the market going to change the time is NOW ! according to CAR.org prices have been going up since couple quarters ago, and if you are wondering whether you should sale or not then give us a call we can give you a better Ideas of how much does your Home value is at this time for free!
http://www.sandiegohouseshop.com/contact/
LET"S Flip it!
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
If you are a Real Estate Investor you will be happy to hear about this!
The Federal Housing Administration (FHA) announced that it will extend its "anti-flipping" waiver through 2014.
FHA considers if a Home is purchased and sold within 90 day is a "FLIP"
In 2003, the FHA implemented the "anti-flipping" rule to curb against fraudulent transactions. In 2010, the FHA approved a temporary waiver of the rule to help restart the housing market. In early December, the FHA extended the waiver through 2014 to provide some more certainty to the market.
What you must KNOW:
- All transactions must be with no identity of interest between the buyer and the seller and "arms-length".
- If the difference is more than 20% of the purchased priced, Seller must provide detailed Evidence or repairs and Seller must justify the higher selling price.
- Two different appraisals have to be done in the property for the buyer so the price is justified.
If you have any more questions please feel free to contact us at:
619-354-4636 or
http://www.sandiegohouseshop.com/contact
New FHA "Flipping" Guidelines
If you are a Real Estate Investor you will be happy to hear about this!
The Federal Housing Administration (FHA) announced that it will extend its "anti-flipping" waiver through 2014.
FHA considers if a Home is purchased and sold within 90 day is a "FLIP"
In 2003, the FHA implemented the "anti-flipping" rule to curb against fraudulent transactions. In 2010, the FHA approved a temporary waiver of the rule to help restart the housing market. In early December, the FHA extended the waiver through 2014 to provide some more certainty to the market.
What you must KNOW:
- All transactions must be with no identity of interest between the buyer and the seller and "arms-length".
- If the difference is more than 20% of the purchased priced, Seller must provide detailed Evidence or repairs and Seller must justify the higher selling price.
- Two different appraisals have to be done in the property for the buyer so the price is justified.
If you have any more questions please feel free to contact us at:
619-354-4636 or
http://www.sandiegohouseshop.com/contact
Tuesday, January 8, 2013
Know the facts before you foreclose!: Short Sale VS Foreclosure?
Looking into Short Selling?
http://www.sandiegohouseshop.com/contact
Know the facts before you foreclose!: Short Sale VS Foreclosure?: Brought to you by SANDIEGOHOUSESHOP.COM (619) 354-4636 or Click here http://www.sandiegohouseshop.com/contact to Reach a CHULA V...
Short Sale VS Foreclosure?
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
Short Sale VS Foreclosure
- . The ability to obtain a mortgage in the future
- . the effect in credit score and credit history
- . security clearances in a variety of industries
- . current and future employment
- . the deficiency judgment
1.- In a foreclosure homeowners may have to wait
up to 7 years to qualify for home loan
in a short sale the homeowner will be able to qualify as
longest they are able to meet some criteria.
2. Short so many times will have less of an effect in your
credit score versus the foreclosure which may bring your FICO score to less, is
then shown that with a short sale your
credit score can be affected with as little as 50 points and in some
cases in the little or no change in your credit score. Credit wise if the reported as paid as agreed
or paid as negotiated you will usually remain in your credit from 2 to 3 years.
If foreclosure is reported in your credit score it will last
seven years and the foreclosure will remain forever as part of public
records.
3. When it comes to
security be clearances foreclosures will almost have a negative effect. Short sales on their own will rarely have an
effect on your clearance. What people don’t understand is that security
clearance is needed in many industries around the country not only the military
but public servants and government agencies will need it even certain areas of
telecommunications and software development will also need.
4. As employers more and more check the employee backgrounds
a foreclosure may have a very negative effect in your job. Especially when
trying to apply for higher position or brand-new job. Since short sales are not
reported on a credit report they go unnoticed by the employer.
5. There is nothing so aggravating that knowing that your
home was lost in a foreclosure in the lender is looking to sue you for the
amount of what is owed on the foreclose,
when you foreclose on the property that right is forfeited in most of
the states. As if you short sale that is been taken care from the beginning and
no deficiency judgment will apply because lender will settle with what’s owed.
Do you want to know the Short Sale Facts for Short ?
Know the facts before you foreclose!: Do’s and don’ts on a short sell
Thinking on Short Selling??
http://www.sandiegohouseshop.com/contact
Know the facts before you foreclose!: 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 V...
http://www.sandiegohouseshop.com/contact
Know the facts before you foreclose!: 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 V...
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