Extension of Tax Credit Deadline failed on the Senate floor. The deadline is today, June 30, 2010. The amendment to extend the home buyer tax credit deadline to September 30, 2010 failed on the Senate floor last week. This resulted in the third unsuccessful attempt by Senate Majority Leader...
Almaden Valley Townhome – Short Sale Sold $525,000 1108 Trevino Terrace, San Jose, CA 95120 Submitted Short Sale Package to SunTrust on December 19, 2009 Two Loans – 1st with SunTrust; 2nd with Wells Fargo – SunTrust Servicer Purchase Offer $460,000 SunTrust valuation came in at $580,000 Listing Agent...
Fannie Mae wants borrowers to act in Good Faith in working out an alternative solution with the servicer. Simply walking away (“Strategic Default”) may subject a borrower to legal action to recoup the outstanding mortgage debt. This means, strategic defaulters may walk away from the property however under Fannie...
How does anyone lose a home? Aren’t they kinda big to lose? Afterall, a house is not like a set of keys … something a homeowner can misplace – right? While sitting at clients’ dining room table the other day their very upset 5 year old daughter interrupted her...
Let me understand you correctly … you have an agent and YOU are calling me about my listing? YOU, Mr. Buyer want to know: 1. Is the property vacant? 2. Is it a short sale? 3. How many days have home been on the market? 4. How many loans...
In all my years of selling real estate … I have NEVER “double-ended” a transaction. Why? Because I have a commitment to the seller first and foremost AND the buyers that have come to me to represent them on my San Jose homes listings actually have done so because...
Great news for thousands of home buyers who will not be able to meet the June 30, 2010 tax credit deadline! Senate Majority Leader Harry Reid, along with Senator Christopher Dodd and Senator Johnny Isakson has introduced an amendment to a jobs and tax bill currently under consideration by...
If you, or anyone you know, are looking to buy a San Jose Condo or Townhome, and your financing is FHA, then you need to know the FHA condominium approval process. As a San Jose Real Estate Broker, Certified Short Sale Specialist and Certified HAFA Specialist, I know firsthand...
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...
Willow Glen homes for sale Week ending May 29, 2010 compared to May 30, 2009 San Jose Willow Glen 95125 There were 200 Willow Glen homes for sale, including short sales and bank owned homes in the week ending May 29, 2010 compared to 185 Willow Glen homes for...