Adopting 580e, changes to California State Law SB 931, which take affect January 2011, reinforces current anti-deficiency laws under Code of Civil Procedure (CCP) 580b and 580d. The bill, SB 931, adds a significant provision to the California anti-deficiency laws which protect California borrowers from deficiency liability on real estate secured obligations. The purpose of SB [...] Read more »
Tax Ramifications of Short Sale
This is a guest post by Kevin Craig who is a financial writer for Oak View Law Group. He has helped lot of debt burdened people with free counseling on debt settlement services. With his advice many are now living a debt free life. Are you financially strapped and considering a short sale for your [...] Read more »
Are “Floppers” Casing Your Short Sale Property?
Are you starting the Short Sale process in Long Beach because your mortgage is underwater? Did you suddenly have an eager buyer approach you with an offer that will solve all of your problems? Just be cautious. You could be bait for a new real estate scam called Short Sale “flopping.” What is Short Sale [...] Read more »
What are the Advantages to Buying a Pre-Foreclosure Property in Long Beach, CA?
Looking for the perfect home in Long Beach, CA isn’t as easy as it was in 2007. New real estate buyers must know how to navigate the online listings, as well as exhaust all other house-hunting resources to find the best bargain. And though the government has implemented a number of homeowner programs, mortgage lenders [...] Read more »
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 [...] Read more »
Property Owners Facing Foreclosure Can Access Free Book on Short Sales and New HAFA Relief Program from Shandrow Group
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. [...] Read more »
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 [...] Read more »
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 [...] Read more »
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 [...] Read more »
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 [...] Read more »
