
San Jose Short Sales




San Jose Home Sellers – How does your listing agent manage your home for sale? My job and duty as a San Jose listing agent is to list and sell the property. If all I do is list the property and pray for someone to fax me an offer...

According to Freddie Mac quarterly reports, Freddie Mac’s total losses were reported $84.4 Billion Dollars. The losses forced a directive from Freddie Mac’s conservator, the Federal Housing Finance Agency to de-list Freddie Mac’s and Fannie Mae’s common stock from the New York Stock Exchange. Ed Haldeman, Freddie Mac’s CEO...

The Home Affordable Foreclosure Alternatives (HAFA) certification (CHS) is designed for real estate agents to understand the Treasury Supplemental Directive 09-09 which was implemented on April 5, 2010. Working with a San Jose Short Sale Specialist who is also a Certified HAFA Specialist can save you thousands of dollars....
As a San Jose Short Sale Specialist I am often asked: “Why are we required to put in a good faith deposit BEFORE the bank approves the short sale? “This is often followed by: “No one else requires a deposit.” My response is typically something like this: The reasoning...
On Thursday, June 3, 2010, the California Senate approved a new foreclosure bill SB 1275. With a 21 to 12 vote, SB 1275 will be heard by the Assembly Banking Committee before it goes to the full Assembly for a vote. Sen. Mark Leno (D-San Francisco) and Senate President...
Ever wonder why San Jose short sales “don’t close”? We just closed another San Jose Short Sale! We received Short Sale Lender Approval on 5-3-2010. We closed in 19 calendar days. We could have closed sooner IF only the Listing Agent had timely performed. Because we were waiting for...
Mortgage Modification Scams in the market today … according to Financial Crimes Enforcement Network “First, subjects conned homeowners into signing quit-claim deeds to their properties, then sold homes from under the former owner to straw (fabricated) borrowers; the homeowners subsequently received eviction notices. Second, other scammers falsely claimed affiliations...
“People facing foreclosure should avoid any company or individual that requires a fee in advance, guarantees to stop a foreclosure or modify a loan, or advises the homeowner to stop paying the mortgage company.” Federal Trade Commission Always avoid offers to modify your mortgage in exchange for upfront fees....