Rob Chevez and Michael Benmira of CAZA’s Distressed Asset Division discuss the process of selecting the right buyer that will help get it closed.
How To Write An Awesome Hardship Letter That Gets The Bank’s AttentionÂ Rob Chevez and Michael Benmira of CAZA’s Distressed Asset Division (D.A.D.) briefly explain the process of writing the perfect hardship letter to get the bank’s attention.
The pre-foreclosure status is when somebody is starting to miss payments. Theyâ€™re 30, 60, or 90 days behind. It’s inevitable that theyâ€™re going to get a letter from the bank or an attorney that says that the property is now going to go to auction. Once theyâ€™re at the 30,
Under the Mortgage Forgiveness Debt Relief Act of 2007, if somebody does a short sale in the taxable year of 2013 there are no tax implications if it is your primary residence. That tax amnesty may end at the end of 2013, we don’t know, but if it does end
In order to qualify for a short sale you first have to be able to prove some sort of hardship. Hardship can come in a lot of different forms. It can be job loss, medical, excessive debt, divorce, or job relocation. There are a lot of things that would qualify
In the state of Virginia the way that we do it is you want to contact the Realtor that has experience in doing a short sale. You want a Realtor that has closed a number of transactions in the past because it is a lengthy process. It’s not complicated, but