Should I Stop Paying My Mortgage?

This is a question we are asked constantly by sellers. The answer is somewhat complicated, as some banks or investors require that the seller be behind and others have no requirements regarding lateness at all. Truthfully, no Realtor or third party representative should ever recommend that a homeowner stop paying their mortgage. This is a […]

0 Comments

The Short Sale Process Explained – Part III: The Investor Review; or, “Why Have There Been No Updates for Three Weeks?!”

By Meredith, Executive Assistant Agents and sellers alike are often daunted by the ins and outs of the short sale process. Collecting documents, communicating with the bank, negotiating with an investor, all while knowing that a family may face foreclosure in the near future – it is a stressful prospect. Licensed short sale negotiators such […]

0 Comments

Newsflash: CA Bill to Help Homeowners Better Negotiate Short Sales Passed the Assembly Banking Committee

According to this article from Loansafe.org, a bill passed the Assembly Banking Committee on Monday that could help homeowners avoid foreclosure after being approved to short sell their home. The bill would make it illegal for banks to foreclose on homes that have already been approved for a short sale. Additionally, banks would be required to […]

0 Comments