Tag: Don’t let your property go into foreclosure

Why Short Sales Take a Little Longer

The deadline for a short sale is dependent on a number of factors, such as banks and brokers involved. From closing the first offer, it can take a quick short sale only 60 days. However, a short sale with problems along the way, might take up to a year to complete. According to Amy Simmons…




Foreclosure vs. Short Sale

There exists a lot of misunderstandings about foreclosures and short sales. Which should you use and why? Will your credit score be impacted just the same way by both of them? When you buy a house, you typically make a deposit and then set up a mortgage amortized over a number of years. The house…




11 Reasons Why Most Short Sales Aren’t Approved

A short sale in real estate is when a property is sold at a price less than the amount owned by the homeowner to the mortgage company, and the mortgage lenders accept the short payoff. A mortgage lender will take the ‘short’ payment if the borrower can continue making monthly payments on the loan if…




How To Write A Loan Modification Hardship Letter

How To Write An Awesome Hardship Letter That Gets The Bank’s Attention 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.




Letting your property go into Foreclosure will come back to haunt you.

I talk to people everyday that are contemplating their options.  Should they go through the hassle of doing a short sale or just let the property go into Foreclosure?  The benefit of doing a short sale is that you know where you stand with the bank regarding any deficiency debt that they may try to…