Sunday, February 20, 2011
Thursday, May 20, 2010
Foreclosed Homeowner could owe thousands of $$$....
Please talk to a professional Real Estate Broker, an Accountant or CPA, or your attorney before thinking of letting it go thru foreclosure. Call me for a free consultation on a Short Sale.
Friday, May 7, 2010
Monday, March 1, 2010
Short Sales Explained
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.
But to be technical, here's a more official definition:
• A homeowner is 'short' when the amount owed on his/her property is higher than current market value.
• A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.
For homeowners to qualify for a short sale, they must fall into any or all of the following circumstances:
• Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
• Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
• Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. I am a Real Estate Broker with more than 25 years of experience, ready to identify all possible options and, when possible, assist in the quick execution of a short sale transaction.
If you have questions or feel you may qualify for a short sale, please contact me for a free consultation.
Understanding your options now could mean all the difference in the world.
Thank you,
Alex Maltez 415-505-7579
But to be technical, here's a more official definition:
• A homeowner is 'short' when the amount owed on his/her property is higher than current market value.
• A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.
For homeowners to qualify for a short sale, they must fall into any or all of the following circumstances:
• Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
• Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
• Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.
This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. I am a Real Estate Broker with more than 25 years of experience, ready to identify all possible options and, when possible, assist in the quick execution of a short sale transaction.
If you have questions or feel you may qualify for a short sale, please contact me for a free consultation.
Understanding your options now could mean all the difference in the world.
Thank you,
Alex Maltez 415-505-7579
Foreclosure vs. Short Sale
As an experience Real Estate Broker on Distressed Properties, I have devoted my career to helping homeowners who face difficult situations, taking them from uncertainty to resolution. Lately I've found a lot of conflicting information going around, especially concerning short sales, which you should know about.
A short sale occurs when a lender accepts the selling price of a home, even if it is less than the full amount owed on the mortgage. For particular homeowners, this can be the best option to foreclosure. Yet, I still hear people suggest that short sales are basically the same as foreclosure.
This is absolutely wrong!
You need to have the CORRECT information. That’s why I'm glad you're here. To help, I’ve prepared a free report—just for you—that compares the realities of foreclosures and short sales side-by-side. Simply call me at 415-505-7579 or email me to al.maltez@gmail.com to discuss your situation.
If you have any additional concerns about this issue, or your circumstances are urgent, please feel free to give me a call. I can help you evaluate your options and get you back on track to a secure financial future.
Sincerely,
Alex Maltez 415-683-3281
A short sale occurs when a lender accepts the selling price of a home, even if it is less than the full amount owed on the mortgage. For particular homeowners, this can be the best option to foreclosure. Yet, I still hear people suggest that short sales are basically the same as foreclosure.
This is absolutely wrong!
You need to have the CORRECT information. That’s why I'm glad you're here. To help, I’ve prepared a free report—just for you—that compares the realities of foreclosures and short sales side-by-side. Simply call me at 415-505-7579 or email me to al.maltez@gmail.com to discuss your situation.
If you have any additional concerns about this issue, or your circumstances are urgent, please feel free to give me a call. I can help you evaluate your options and get you back on track to a secure financial future.
Sincerely,
Alex Maltez 415-683-3281
Saturday, February 27, 2010
Real Estate News Feb. 25, 2010
http://money.cnn.com/2010/02/19/real_estate/housing_help_unemployed/index.htm
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/02/18/BU9H1C34M4.DTL&type=realestate
http://www.car.org/media/consumer/Beyond_the_Headlines
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/02/18/BU9H1C34M4.DTL&type=realestate
http://www.car.org/media/consumer/Beyond_the_Headlines
Friday, February 19, 2010
Alex Maltez Real Estate & More DRE #01173061: Beyond the Headlines Feb. 18 2010
http://www.car.org/media/pdf/consumer/Beyond_the_Headlines__021810.pdf
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