SHORT SALE AND FORECLOSURE BLOG

Do educate yourself. This is THE most important thing you can do.  Short sales can be complicated. You need every bit of information you can get when you jump into the short sale process. Don’t wait until it’s too late. If you drag your feet and hide from the fact that you’ve stopped making mortgage payments, it will [...]

Tags: 360 REALTY, Agents, FANNIE MAE, foreclosure, FREDDIE MAC, los angeles real estate, los angeles short sales, short sale expert, Short Sale Q&A

This is not news, but it IS critical for any Seller thinking about listing their home as a Short Sale in California in 2012. Remember the MOST critical thing..the Debt Forgiveness Act expires on 12/31/2012. Will it be extended? Most likely. However..do you want to take that chance? Read on for a recap of our [...]

Tags: 360 REALTY, 580e, Agents, anti deficiency, anti-deficiency law, FANNIE MAE, foreclosure, FREDDIE MAC, homeowner, HOW TO SHORT SALE, Short Sale Q&A, short sale questions, Short Sales, Tax Aspects Of A Short Sale

Foreclosure Alternatives One of the biggest mistakes some people make at this point is being too attached to their property. This will cause heartache, heart attacks, and a huge amount of stress. Let me start off by sharing a true story of a very good friend of mine, Roman. Roman was too proud to tell [...]

Tags: 360 REALTY, Agents, credit, foreclosure, foreclosures, los angeles real estate, real estate experts, short sale expert, Short Sale Q&A, SoCal, Southern California Real Estate, Tax Aspects Of A Short Sale

  I get lots of questions on short sale either from the sellers or someone who wants to know more about short sale. Here is my top 6 seller short sale questions I get which I think is useful to mention here so that all my readers get to know the answers to these common [...]

Tags: 360 REALTY, credit, foreclosure, foreclosures, Short Sale Q&A, Short Sales

  Many people say that 2012 will be the year of the short sale. There are lots of reasons that short sale sellers might be getting off the fence and selling their homes as short sales in the coming year. First off, the Mortgage Forgiveness Debt Relief Act of 2007 is set to come to [...]

Tags: 2012 Short Sale, 360 REALTY, foreclosure, los angeles real estate, Short Sale Q&A, short sales los angeles

By all indications, it appears that 2012 will be a year with even more short sale listings … and closings than 2011. Some of the major banks have embraced the idea that short sales can be a bit more profitable than letting houses sit for months on end and then ultimately end up in foreclosure. With the [...]

Tags: 360 REALTY, Agents, Celebrity, Luxury Homes, Short Sale Q&A

A rising number of Californians are finding themselves in financial limbo, having defaulted on their mortgages but still living in their homes, a new report has found. The report by Foreclosureradar.com (registration required) found that while the number of properties scheduled for foreclosure sale increased last month, lenders continue to postpone the sales rather than [...]

Tags: 360 REALTY, anti deficiency, BUYER RESOURCES, Countrywide Short Sale Approval, facing foreclosure, foreclosure, Foreclosure options, Late on mortgage payments, los angeles real estate, mortgage difficulties, Need to sell, Short Sale Q&A, solutions to foreclosure

  What is a real estate short sale?   A little-known alternative, once more commonly used in the real estate downturn of the early ’90s, is the “short sale,” which works like this: A homeowner falls behind on his or her mortgage payments, usually due to a job loss, rising debt payments, or both. Facing [...]

Tags: 360 REALTY, bank of america short sales, countrywide short sales, los angeles real estate, los angeles short sales, Short Sale Q&A, wells fargo short sales