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When a family approaches me to help with their short sale, my number one goal is to save their credit from foreclosure and educate them with their options on how to avoid foreclosure. I’m so glad to inform you all that I have helped three more bay area families from foreclosure and now they can build their credit back faster than foreclosure and move on with their life without any worries about the bad mortgage payments. Let me give you brief success stories about these families.

First family was from Fremont, California, he was having very hard time in paying his mortgage, he tried loan modification but lender denied his loan modification because he was out of job for many months and just with his unemployment benefit, he couldn’t qualify and was stressed out due to all the calls from lender. He was so depressed with his situation. Finally, his wife called me to discuss the options of short sale. After analyzing his situation, we have listed his house and within a week, we got offers and sent it to the lender for approval. It took 3 months to get the approval but buyers backed out because they couldn’t wait this long (Buyers: Please understand that short sale takes time, sometimes 4-5 months, so write offers only if you have patience to wait and really wants to buy that house). It took a month to find next buyer and they were so good and even the agent was good. Finally we closed the transaction successfully. We never met each other, everything was done over the phone and even the house keys were mailed to my office.
—-> Lenders: Chase & Citi Mortgage
—-> Loan Amount Owed: $605,111
—-> Sold For: $360,000

Second family was also from Fremont, she moved out of state due to job relocation and couldn’t afford to pay mortgage and rent on her current apartment at the same time. She called and talked over the phone and listed her house. I have to tell that she was so nice and cooperative in sending all the paper works on time without any delay and she returned all phone calls and emails promptly. This was my first time handling the short sale out of state and it was very great experience with her. We got multiple offers on this condominium and we closed the transaction with the first buyer itself. They patiently waited for the approval and closed the transaction on time. I had very good experience in working with the buyer’s agent, the best thing was, the buyer’s agent was familiar with the short sale process and she educated the buyer about short sale. I wish all the agents like her to educate their clients before writing offer on short sale.
—-> Lenders: Bank of America
—-> Loan Amount Owed: $374,900
—-> Sold For: $165,000

Third family was from Santa Clara, California; this couple was so nice and did everything they can to keep the house. They were paying mortgage even from their saving accounts, they also tried loan modification but couldn’t keep up the mortgage payment and other daily expenses. They finally decided to do short sale and interviewed couple of agents to do short sale and chose to work with me. They both were excellent in sending the required documents on time. This is very important that we submit the required documents in a timely manner to move the file quicker to get the approval. On this, we had problem with the 2nd lender negotiator, she wasn’t ready to give the approval for the three weeks after we had received the approval. She told us in the beginning that she got the approval but waiting for the first but when we gave the first approval and she said that she needed to submit the file to investor for approval. It was struggle for 2-3 weeks with the negotiator, I called her twice a week, emailed once a week and also escalated the file to get the approval from her. Well, finally we closed the transaction successfully on time. It was such a great experience for me in my negotiation techniques and my patience.
—-> Lenders: Wells Fargo & Citi Financial
—-> Loan Amount Owed: $566,996
—-> Sold For: $400,000

There are more families which I’m helping currently helping and some of them are in the final stage of negotiation in getting approvals. If you are in bay area and considering short sale or would like to know whether short sale is the best option for you then please call me and there is no charge for the consultation or even to assist you with short sale. It is my free service to you.

You can reach me directly at 510-366-9405. My goal is help as many families as possible from foreclosure.

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For Sale: Beautiful Home in Union City

by blaisons on July 28, 2010

Beautiful single family home with 4 bedrooms and 3 baths, Year Built in 2000, located in a nice area, cul-da-sec, 1 Bedroom and 1 Bath downstairs, heigh vaulted ceiling, dining area, fireplace in family room, attached 2 car garage, nice backyard with fruit trees, close to bart and other amenities. Listed at $595,000.

Please let me know if you would like more information or view this home. You can reach me directly at 510-366-9405.

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Can HOA (Home Owner Association) Foreclose My House?

July 20, 2010

In this economy, many homeowners are having financial hardship and couldn’t afford to pay their mortgage, some of them have home owner association dues to pay every month and it is quite natural that they cannot afford to pay their HOA dues also. This is a common question “Can Home Owner Association foreclose my house [...]

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Will The House Value Go 50% More Down?

July 12, 2010

The housing market is very uncertain at this time, some parts of cities are doing well but majority of cities are not as compared to last year.   Due to end of tax credit, buyer activity has also started to decrease, nationally pending home sales dropped by 30%. We are expecting that there will be more [...]

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For Sale: Beautiful Newer Home in Newark

June 19, 2010

Dijon Dr: Beautiful home with 4 bedrooms/2.5 baths, built in 2004, attached 2 car garage, laminated floor in living room, separate dinning area, granite kitchen counter top, gas range, pantry, gas fireplace in family room, , bright rooms, half bath downstairs, large master bedroom, easy access to freeways and other amenities. Listed Price:$610,000. Give me [...]

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For Sale: Beautifully Updated Home in Hayward

June 16, 2010

Chambosse Dr: Beautifully updated home with 3 bedrooms/2 baths, large master bedroom, nicely redone bath with granite top, nice size kitchen with dinning area, granite kitchen counter top with lots of cabinets, double pane windows, fireplace in living room, close to freeway and all other amenities. Priced at high $200′s. If you are a first [...]

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Bank of America Working on More Short Sale Than REO

June 13, 2010

This is really a good effort from Bank of America to avoid foreclosures; they prefer short sale over reo properties.  In this way, more and more people can avoid foreclosure if they cannot afford their mortgage payment. Thanks to Jon Prior who shared this information.  Bank of America, one of the largest lenders in the [...]

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Strategic Default Increased Since Last Year

June 2, 2010

In strategic default, homeowners can afford the payment but they are just walking away from the home or doing strategic short sale to avoid foreclosure. In March 31% of foreclosures were “strategic default,” up from 22% a year ago, according to CNBC’s reporter Diana Olick. She is really good in collecting all the facts on [...]

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Fannie Mae New HAFA Short Sale Program

June 2, 2010

After a long wait, Fannie Mae announced it’s version of HAFA program for homeowners to assist in difficulties to avoid foreclosure. This program will take effect from August 1, 2010 Homeowners will get $3,000 for moving expenses when they do short sale. Here are the details of new Fannie Mae HAFA program: Fannie Mae (FNM: [...]

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For Sale: Beautiful Home in San Francisco

May 28, 2010

57 Bessie St: Beautiful 3 bedroom and 2 baths home in a nice neighborhood, spacious and upgraded kitchen with dinning area, granite counter top, upgraded cabinets, pantry, stainless steel appliances, living room, hardwood floor, skylight in hallway and upstairs two bedrooms, beautiful view of city and hills from upper level bedroom, in-law unit at the [...]

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