Short Sale

Bank delays cause investor to lose an additional $100,000 on Short Sale

In April 2010 I began working with a client who could no longer afford their mortgage. A recent traffic accident, medical leave, and a newborn baby all contributed to the financial hardship this family was going through. They did everything right. They had heard about the ability to get a loan modification through a government program and successfully got a loan modification from their interest only loan...

Short Sale Video by Aaron Zapata, CRS, CHS, SRES, Realtor

Intro video by Aaron Zapata, MBA, Broker, CRS, SRES, CHS with Prudential CA Realty, offering to meet with clients who are considering selling their homes who have a loan balance higher than the value of their home. Do you need to do a short sale? You need the facts. Call Aaron Zapata today to see if you should sell your home or if other options will work best for you. Contact Aaron today at...

Why didn’t your home sell? Ask me why…

Your house didn’t sell the first time? If you put your home on the market last year and the home did not sell, do you know why? I offer a free, no obligation, home marketing review and pricing analysis for homeowners who are reconsidering selling their home, but who need the ability to reevaluate the market without the pressure of a Realtor telling them to sell. I believe that selling a home is a...

Will I pay taxes on my short sale?

Here is a great article that gives the basic nuts and bolts about debt forgiveness and the taxes associated with short sales. What You Need to Know about Cancellation of Mortgage Debt By Linda Goold -RISMEDIA, Monday, March 12, 2012— This column is brought to you by the NAR Real Estate Services group A lender will, on occasion, forgive some portion of a borrower’s debt. The general tax rule that...

Getting Answers to Your Bank of America Short Sale Questions

I got this email from Bank of America today becuase I work on a lot of their short sales every year.  I wanted to pass it along just in case you need some help. "Need a status update on your short sale? Want help with an issue that's delaying the process? Having trouble getting responses? Your short sale specialist (at BofA) should always be your first point of contact for resolving your short sale...

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