French Camp, CA

Stockton CA – The Stop Foreclosure Institute recently talked to a homeowner whose home had been sold on the courthouse steps. We asked if she had considered selling the home as a short sale. “I did, but I heard that short sales are difficult and not worth trying. My friend told me that the banks never approve them”, she told us. Get my Free, Step By Step Loan Modification Guide by clicking here. After we got off of the phone, we reviewed what she had lost. She lost the opportunity to protect her credit and to be able to buy a home 3 years after the short sale sold. Now she will have greater credit damage and will have to wait 5-7 years to buy another home. Ouch! All of this could have been avoided if she had known the truth about short sales. Yes, short sales are approved by banks. Bank CEOs and the people who invest in mortgages prefer them over a foreclosure. Why? Because the average short sale reduces the lender’s loss by 20-40% compared to a foreclosure. They want to reduce their losses as much as possible. The banks are just having a hard time handling the huge increase of short sales caused by the housing crisis. But, don’t kid yourself. They wouldn’t be approving any short sales unless there was a big benefit to them financially. They have analyzed the market and see short sales as a viable way to reduce their losses as much as possible. Thinking about a loan modification?Our Stockton loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at ron@homebuyersrealty.com to request a Free Copy. Or, click here to request a copy. Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at ron@homebuyersrealty.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (209) 321-0445 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thanks for reading this, Ron Cedillo. Ron is a Real Estate Broker at Home Buyers Realty. Stockton Short Sales Realtor: Phone: (209) 321-0445. ron@homebuyersrealty.com. Providing Options for Homeowners in Foreclosure View My homes for sale at www.HomeBuyersRealty.com. Ron Cedillo specializes in loan modification assistance and short sales in Stockton California. Stockton Loan Modification Help, Stockton Short Sales. Stockton Short Sale Realtor Stockton CA Short Sales. Stockton Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved. Important Notice Ron Cedillo, Home Buyers Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Cedillo's personal views and do not reflect the views of Home Buyers Realty. This information on Common Stockton Short Sale Myth: Short Sales Are Difficult And Banks Never Approve Them is provided as a courtesy to our viewers to help them make informed decisions.

Stockton CA – The Stop Foreclosure Institute recently received a question about renting a home in foreclosure. Short Sale Question: I am selling 2 of homes that are short sales. I would like to rent the homes during the foreclosure process. I will continue to pay the home owners association fees. I will not be paying the mortgage. Is it legal to do this? Is there any liability that comes with it? Get my Free, Step By Step Loan Modification Guide by clicking here. Here was our answer to them. The Stop Foreclosure Institute is not a law firm. Therefore, we can’t answer as to whether or not it is legal. We recommend that you check with a lawyer before making a decision. We do know that there are laws forbidding that practice in many states. For example, Florida recently passed a law that stated that you had to notify any potential renter whether or not the home was in foreclosure before renting. From what we have heard about the law, if you lease a property in foreclosure and don't tell the tenants, then it is a criminal offense. If it was a problem in Florida, then it was a problem in other states and they probably passed similar laws. We have seen cases in the past where a homeowner sold their home as “Owner Financing. The home was in foreclosure and buyers filed a police report. The sheriff’s office investigated the homeowner for fraud. The people who thought they were buying the home paid the owner a large down payment. They didn’t know the home was in foreclosure. He disappeared with their money and they were kicked out by the bank. We don’t know what ended up happening. The bottom line is that anything fishy can have future repercussions. So check with a lawyer to make sure you won’t have any problems. Thinking about a loan modification?Our Stockton loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at ron@homebuyersrealty.com to request a Free Copy. Or, click here to request a copy. Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at ron@homebuyersrealty.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (209) 321-0445 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thanks for reading this, Ron Cedillo. Ron is a Real Estate Broker at Home Buyers Realty. Stockton Short Sales Realtor: Phone: (209) 321-0445. ron@homebuyersrealty.com. Providing Options for Homeowners in Foreclosure View My homes for sale at www.HomeBuyersRealty.com. Ron Cedillo specializes in loan modification assistance and short sales in Stockton California. Stockton Loan Modification Help, Stockton Short Sales. Stockton Short Sale Realtor Stockton CA Short Sales. Stockton Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved. Important Notice Ron Cedillo, Home Buyers Realty, and the Stop Foreclosure Institute are not associated or affiliated in any way, shape, or form with the government. Our services have not been reviewed, endorsed, or approved by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. If you stop paying your mortgage, then you could lose your home and damage your credit. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Cedillo's personal views and do not reflect the views of Home Buyers Realty. This information on Stockton Short Sale: Can I Rent My Home If It Is In Foreclosure? is provided as a courtesy to our viewers to help them make informed decisions.

Stockton CA – The Stop Foreclosure Institute recently received a question from Christina. Here is her question. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. "I just read your article Frequently Asked Questions about Short Sales. You mention that you can obtain another home loan two years after a short sale. Who are these lenders and how can I contact them? I have been looking but so far no luck. Everyone is insisting we must wait three years. I'd appreciate any information you can provide. Christina." We just heard back from our mortgage broker on this issue. Fannie Mae recently changed their guidelines for a loan after a short sale. (Since most lenders and loan programs follow Fannie Mae's Guidelines, that means that almost every single lender changed their policies as well.) When we wrote the article their guidelines had said that you had to wait two years after a short sale. Now those guidelines have been changed to 3 years. The good news is that you can still buy a house after a short sale. Life does go on and will go back to normal. No matter how bad things may seem, they will get better. Before you know it the 3 years will pass and you can buy another home. The housing market is still flat and will probably be flat over the next 3 years. So you will be able to buy the next house for substantially less than what you paid for your current home. Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at ron@homebuyersrealty.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (209) 321-0445 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our Stockton loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. Thanks for reading this, Ron Cedillo. Ron is a Real Estate Broker at Home Buyers Realty. Stockton Short Sales Realtor: Phone: (209) 321-0445. ron@homebuyersrealty.com. Providing Options for Homeowners in Foreclosure View My homes for sale at www.HomeBuyersRealty.com. Ron Cedillo specializes in loan modification assistance and short sales in Stockton California. Stockton Loan Modification Help, Stockton Short Sales. Stockton Short Sale Realtor Stockton CA Short Sales. Stockton Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved. Important Notice Ron Cedillo, Home Buyers Realty, and the Stop Foreclosure Institute are not associated or affiliated in any way, shape, or form with the government. Our services have not been reviewed, endorsed, or approved by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. If you stop paying your mortgage, then you could lose your home and damage your credit. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Cedillo's personal views and do not reflect the views of Home Buyers Realty. This information on Stockton Short Sales: The Wait To Buy Another Home After A Short Sale Was Recently Changed to 3 Years is provided as a courtesy to our viewers to help them make informed decisions. HTML ENDS

Stockton CA – The short sale process can vary, but it will generally work as follows: 1) The lender is contacted to discuss the possibility of a short sale and to determine the lender's process for completing the sale. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. 2) The seller issues a letter authorizing the release of personal information about the loan and the property to the buyer or escrow agency. 3) The lender will review a settlement statement, which will indicate the proposed selling price, remaining loan balances and itemize all expenses, including real estate commissions and other fees and expenses associated with the closing. 4) The seller will complete a "hardship letter," which will detail and explain all financial difficulties. Lenders will usually want to validate the seller's financial situation by looking at bank statements, investment accounts, along with examining paystubs and other financial records. 5) The lender will then look to the broker to provide a price opinion by examining the condition of the house and the market value of comparable properties. 6) The lender will then want to scrutinize the purchase agreement to determine if all amounts are reasonable and the real estate commission is acceptable. To get the lenders approval, first of all write a letter to him about your hardships, backing it up with substantial proof of your financial situation. The next step would be to place the offer. It would help your case if you get your real estate agent to convince the lender that the price of the property has not been ridiculously lowered. The last step would be to have detailed pictures and a map of the house, showing details of any repair work if required to be done. Once the lender approves, the deal is ready to be closed. The buyer can then make out payment to your real estate agent, lawyer or short sale expert who helped negotiate the short sale. The remainder of the funds is then diverted to paying off your mortgage. In case you are a buyer and are interested in buying a short sale property then you might get enticed at the low prices for a property in a high priced neighborhood. However, it is better to take caution and not jump at the opportunity. First of all it would be advisable to suggest to your real estate agent to make enquiries with the listing agent and ensure that the property is a short sale one. Before taking the leap hire an agent who has experience in short sale. Next, it is essential that your agent find out how much the seller owes the lender, who is in the title and whether a foreclosure notice has been filed. Although the seller might have approved your offer, no deal can be made until the lender has approved. Have a copy of your earnest money deposit sent to the lender and additionally the lender also might want to know if you are pre-approved and have your own loan available. Most likely the lender will directly negotiate the commission with your listing broker since he is losing money. The deal will be finalized at this point. Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at ron@homebuyersrealty.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (209) 321-0445 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our Stockton loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. Thanks for reading this, Ron Cedillo. Ron is a Real Estate Broker at Home Buyers Realty. Stockton Short Sales Realtor: Phone: (209) 321-0445. ron@homebuyersrealty.com. Providing Options for Homeowners in Foreclosure View My homes for sale at www.HomeBuyersRealty.com. Ron Cedillo specializes in loan modification assistance and short sales in Stockton California. Stockton Loan Modification Help, Stockton Short Sales. Stockton Short Sale Realtor Stockton CA Short Sales. Stockton Realtor. Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Ron Cedillo, Home Buyers Realty, and the Stop Foreclosure Institute are not associated or affiliated in any way, shape, or form with the government. Our services have not been reviewed, endorsed, or approved by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. If you stop paying your mortgage, then you could lose your home and damage your credit. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Cedillo's personal views and do not reflect the views of Home Buyers Realty. This information on Stockton Short Sales: The Short Sale Process from beginning to end is provided as a courtesy to our viewers to help them make informed decisions.