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Amber Alerts to your cell phone
As many of you may have heard, you are now able to receive text alerts to your cell phone when an Amber Alert is released. I advise anyone who can, to sign up for these alerts. If one life is saved from the diligence of the public to pay attention to the alerts, any effort will be worth it.
Visit the following link, input your cell phone number... and voila! you're in.... https://www.wirelessamberalerts.org/index.jsp
Cameron Novak
Corona Real Estate Agent
The Homefinding CenterTM
Corona, California
951-212-7479
Corona, California Short Sale Update
Many homeowners considering or involved in the short sale process have questions about the time frame expected from Short Sale beginning to end. I frequently get questioned why there is such a discrepancy in turn times for different lenders.
The answer is not as complicated as you might think. While there are different factors in short sale turn times, the main reason for the difference is the staff in place at the bank in question. Typically smaller banks have representatives that interact more closely with the agents involved in the short sale, while having a direct line of communication with the decision makers at their respective companies. The larger banks have.... 1) More short sales to deal with,and 2) More asset managers, short sale processors, more office assistants (while this sounds like good news, the fact is that there are many more steps in the chain of command leading up to the decision makers at the banks).
The key to a successful short sale is hiring a competent short sale agent in
the city where the property is located. These agents will have a good
knowledge of how to accomplish a successful sale, and how to get in touch with
the insider decision makers at the bank.
Cameron Novak
Corona Real Estate Agent / Broker
The Homefinding CenterTM
Corona, California
951-212-7479
Chat with Corona Real Estate Agents
24/7/365
As the majority of Corona Hills residents of Corona, California can attest, the number of foreclosure sales in our community has had a devastating effect on home values. Some homes have lost as much as 50% of their value in the past 2+ years. As a result of this value decline many Corona Hills residents find it necessary to sell their homes, but find the value of their home isn't sufficient to pay off the mortgage owed to the lien holder (bank).
The importance of working with a real estate broker with a track record of successfully assisting homeowners with short-pay (short sale) situations cannot be overstated. The following is an absolute must if your goal is to obtain a loan modification OR short-pay (or short sale) approval:
You must hire a broker who knows how
to contact the lender's loss mitigation
department with your authorization and
negotiate a favorable outcome while at the
same time guarding against the possibility
of the lender pursuing you afterwards for a
deficiency judgment. A short sale
deficiency judgment is the amount that was
unpaid after the sale proceeds were
completely exhausted. Do not contact the
bank without the representation of an
attorney or a real estate broker. Attorney's
will typically charge you for their services
regardless of outcome. Top real estate
brokers are able to negotiate their fees
from the lender, while the home owner is
relieved of paying any real estate fees.
Bookmark this page and return frequently for Corona Hills updates.
If you have an item of interest in the
Eastvale neighborhood... email
CoronaHills@myagentgateway.com and I'll add
any appropriate content to the site..
Cameron Novak
Corona Hills Real Estate Broker
The Homefinding Center
Corona, California
951-212-7479
Corona Short Sale Agent Profile
Eastvale Short Sales
As many Eastvale, Corona residents can attest, the number of foreclosure home sales in our community has had a devastating effect on home values. As a result of this value decline many Eastvale owners find it necessary to sell their homes, but find the value of their house isn't enough to pay off the mortgage owed to the lender.
The importance of working with a real estate broker with a track record of successfully assisting homeowners with short-pay situations cannot be stressed enough. The following is an absolute must when initiating negotiations with the bank for loan modification OR short-pay (or short sale) approval:
You must hire a real estate agent who knows how to contact the lender's loss
mitigation department with your authorization and negotiate a favorable outcome
of your short sale
while at the same time guarding against the possibility of the lender pursuing
you afterwards for a deficiency judgement. A deficiency judgement is the
amount that was unpaid after the sale proceeds were completely exhausted. Do not contact the bank without the representation of an attorney or a real
estate broker. Attorneys typically charge you for their services
regardless of outcome. Top real estate brokers are able to negotiate their
fees from the lender, while the home owner is relieved of paying any related real estate
fees.
Bookmark this page and return frequently for updates for Eastvale, Corona real estate.
If you have an item of interest in the Eastvale, Corona neighborhood... email
Eastvale@myagentgateway.com and I'll add any appropriate content to the
site.
Cameron Novak
Eastvale Short Sale Specialist
The Homefinding CenterTM
Corona, California
951-212-7479
Chat About
Eastvale
Real Estate
24/7/365
