From the category archives:

Short Sales

Can You Strategically Short Sale Your Home Without Hardship?

August 10, 2010
Thumbnail image for Can You Strategically Short Sale Your Home Without Hardship?

In the past, Southern California home sellers needed to prove a hardship to complete a short sale. In recent months, many homeowners have completed short sales without a hardship.
So What Has Changed?
The motivation of many homeowners who want to start the short sale process is that their mortgage balances have suddenly become higher than [...]

0 comments Read the full article →

Property Owners Facing Foreclosure Can Access Free Book on Short Sales and New HAFA Relief Program from Shandrow Group

July 14, 2010

Long Beach based real estate brokerage firm committed to One Less Foreclosure program
Long Beach, CA. – With almost 3,000 Long Beach properties approaching foreclosure, according to foreclosuresradar.com, most troubled homeowners are unaware of the option to short sale their distressed properties with assistance from the federal Treasury Department’s Home Affordable Foreclosure Alternative (HAFA) Program. [...]

0 comments Read the full article →

Is a Strategic Short Sale a Smart Move for Long Beach Homeowners?

July 13, 2010
Thumbnail image for Is a Strategic Short Sale a Smart Move for Long Beach Homeowners?

Did your Long Beach neighbor just sell their house for less than you owe on your mortgage?
Did you buy the perfect starter home, but now need to stay in it at least 5 years longer than you planned just to break even?
Has your lender refused to modify your home loan?
Do you think you might lose [...]

0 comments Read the full article →

How Do Short Sales and Foreclosures Impact Your Credit Rating?

June 15, 2010
Thumbnail image for How Do Short Sales and Foreclosures Impact Your Credit Rating?

If you’re a homeowner who is experiencing difficulties paying your current mortgage, or are finding yourself forced into the foreclosure process, you may wonder if it’s better to Short Sale your home or continue on the foreclosure path.
Depending on your specific circumstances, there are certainly advantages and disadvantages to both.
While you can stay in their [...]

2 comments Read the full article →

The Top 10 Myths About Loan Modifications

June 8, 2010
Thumbnail image for The Top 10 Myths About Loan Modifications

As a homeowner, figuring out how to start the Loan Modification process can be confusing.
All the confusing and inaccurate data that is posted on the internet and spread around on the news is based on the understanding of writers and journalists that may not understand the Loan Modification process.
So how do you know when you’re [...]

0 comments Read the full article →

5 Ways to Stop the Foreclosure Process

June 3, 2010
Thumbnail image for 5 Ways to Stop the Foreclosure Process

Not ready to walk away from your mortgage, but looking for an alternative to the foreclosure process?
As a Short Sale Specialist, I help families in the Long Beach area navigate their underwater mortgages and find suitable solutions to their loan issues. In some situations it’s too late to do anything, but wait for the bank [...]

1 comment Read the full article →

Is Walking Away from Your Mortgage an Option?

May 26, 2010
Thumbnail image for Is Walking Away from Your Mortgage an Option?

Lately we’re inundated with news about people losing money on their homes and the increasing rate of underwater mortgages.
As a Short Sale Specialist, I speak with many people who owe more on their mortgage than their homes are actually worth. As their homes continue to lose value and they are continuously rejected the option of [...]

2 comments Read the full article →

10 Questions to Ask Your Real Estate Agent

May 20, 2010
Thumbnail image for 10 Questions to Ask Your Real Estate Agent

One of the toughest decisions we face when deciding to sell our home is finding the right Real Estate Agent. We often rely on ads or referrals to decide, which agent is the best fit or has the most success in the Long Beach area.
The truth is, if you really want to know what a [...]

1 comment Read the full article →

Should You Consider a Strategic Foreclosure If You Can Still Afford Your Mortgage?

May 13, 2010
Thumbnail image for Should You Consider a Strategic Foreclosure If You Can Still Afford Your Mortgage?

If you’re like 75% of homeowners in California, you’d rather stick it out than default on your mortgage. When we start to get “underwater” with our mortgage, or even fear that it’s a possibility, the fear and guilt more than logic and rationality affect our future decisions.

As the economy begins it’s slow ascent and house prices continue to fall, most homeowners would rather hold on to their homes than face the stigma associated with a strategic foreclosure. Rumors of Short Sale failure, long wait times and the affect on our credit keep us from making a decision that will save us from the devastation of a foreclosure.

0 comments Read the full article →

What is HAFA and How Will it Help Your Short Sale?

May 4, 2010
Thumbnail image for What is HAFA and How Will it Help Your Short Sale?

We’re not out of foreclosure trouble yet, but the government’s new Short Sale program should give some California homeowners renewed hope. With the help of the federal Treasury Department’s Home Affordable Foreclosure Alternative (HAFA) Program, Short Sales are becoming a little easier to initiate and complete.
The HAFA program offers financial incentives to both the homeowner/borrower [...]

0 comments Read the full article →