Great news for people who need to short sell their Blossom Valley or Silicon Valley home!
If you have a hardship, loss of job, divorce, change in financial circumstance from medical or family issue, etc, you can now be considered for a short sale even if you have not missed a mortgage payment.
Freddie and Fannie will now have the same requirements and procedures which was not true in the past.
This is great news, especially for people who have a sudden change in their…Continue
I am so excited about this news! I know, it doesn't take much for me to get excited, but this is really big news in my opinion.
Up until now if you are involved in a Silicon Valley Bank of America Short Sale they did not take electronic signatures. This would have been ok if the bank could sit with you in your conference room and look at the offers. We all know this does not happen and the paperwork will often be faxed several times before B of A gets to see a…Continue
I was reading about short sales, as I do every Sunday morning on a great site for short sale information Short Sales Superstars. There was a discussion about a Bank of America Short Sale that had been approved, and then denied after the approval, a few days before closing. The reason:
The seller was a real estate broker and the listing agent works for the seller. The buyer used the listing agent to represent her.
Surprise Surprise, B of A said this is not an…Continue
Yesterday I got a call from a client I will never forget. She said "I was able to modify my loan, I can keep my Blossom Valley house, and you were the only one who believed I could do this, so thank you." This made me so incredibly happy. So what happened was this client and her then husband were pregnant with their first child and ready to buy a home together. They found their dream home in Blossom Valley with my help, purchased it in 2006 with 10% down. In 2007 they had enough appreciation…Continue