Mike Watson

View ALL The Homes For Sale in Chula Vista and Eastlake CA at www.sellingchulavistahomes.com.

Ever Since Chula Vista was the Lemon capitol of the world back in the 1920s the San Diego South Bay has always been a place where hard working people have been able to settle and raise their families. Now in the 21st century a NEW Chula Vista is developing, one with great schools, wonderful outdoor activities and a sense of family, Welcome to the NEW Chula Vista.

Relocating or just thinking about moving to the New Chula Vista? I can help send me an e-mail at mikekwcv@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the home buying process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (619) 743-8884

Thanks for reading this, Mike Watson.

Mike is a Real Estate Agent at Keller Williams Realty. Chula Vista Realtor, Eastlake CA Realtor:

Phone: (619) 743-8884. mikekwcv@gmail.com.

Chula Vista Short Sales. Mike Watson at Keller Williams Realty in Chula Vista CA just closed a short sale in Eastlake CA 91914 and the seller received $30,000

That's right Thirty Thousand Dollars from Chase at close of escrow.

How can this be you ask?

Currently Chase is doing a Short Sale Outreach program where they are mailing out a letter to home owners who are in default, incentivizing them to participate in a short sale. I was very skeptical at first, but I saw the letter from Chase that was sent to my client, and after seeing it in writing and the $30,000 check I am still amazed. The incentive Chase is offering is unreal, $10,000, $20,000 and $35,000 cash for any use, based on loan amounts, and not sales price. THIS INCLUDES A SETTLEMENT IN FULL! The details of how to get into this program are slightly blurry but I believe that it must be a Chase owned loan (portfolio - not Fannie, Freddie, FHA, VA) and I believe that they have created this program for sellers who have failed to modify their loan, in an attempt to prevent these properties from becoming Foreclosures.

My short sale negotiator has another Chase short sale file with the seller incentive of $25,000 and the seller is getting the $3,000 HAFA payment on top for a $28,000

If you have a home loan with Chase or originally written loan by WAMU and your are having problems keeping up to your payments then give me a call on 619 743 8884 and we can try to see if this program will work for you

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 mikekwcv@gmail.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 (619) 743-8884

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thanks for reading this, Mike Watson.

Mike is a Real Estate Agent at Keller Williams Realty. Chula Vista Short Sales Realtor:

Phone: (619) 743-8884 mikekwcv@gmail.com.

Chula Vista Realtor Co-Hosting Radio Show with Mr. Credit on ESPN 1700AM

Mike Watson from Keller Williams Realty in Chula Vista will be live on Mr. Credits weekday show "The Lunch Hour" this coming Thursday the 14^th of March at noon.

Mike is an accomplished Real Estate Agent in South County San Diego and will be the only Real Estate Professional recommended by Mr. Credit for communities in South San Diego County. Tune in at Noon on April 14th to learn everything THEY don't want you to know about how to have better credit and make the right real estate moves in San Diego!

Mike will be sharing his short sale knowledge and taking live questions from listeners in the San Diego South Bay

Please email mikekwcv@gmail.com if you have any real estate questions.

Chula Vista Short Sales CA - Another agent asked me about a short sale. His seller owed 270k. The house was selling as a short sale for 170k. The lender had two opinions of the house value. They said the house was worth 220k. However, the agent thinks those are incorrect because the house has been on the open market for several months. In addition, similar homes has been selling for around 180k.

Discover how other sellers successfully did a short sale and request a free consultation by clicking here.

The biggest reason lenders turn down a short sale is because they think the house is worth more. They have people give them an opinion of value for a nominal fee. Because these people may profit if the lender forecloses on the house, they often turn in high values.

If you are selling your house as a short sale, this might happen. Here is how your agent can handle the problem. First off, they will need to "escalate" the file. This means they appeal to the lender and ask them to reconsider. They will then need to show why they think the house is worth less.

This is fairly simple. I send the lender a Comparable Market Analysis, also known as a CMA. This is where I show three other similar homes that have recently sold. I compare them to the subject property and give an opinion of value based on those comparisons.

I have found it best to use a price per square foot comparison. After all, it is hard to argue that a house is worth X, when all the other homes are selling for the same price per square foot. Your agent will then request the lender order a new opinion of value. Most lenders will usually do that if there is a big discrepancy.

Another option is to hire an appraiser. Have the lender review the appraisal. It's hard for a lender in a far away city to argue with an appraisal done by an appraiser familiar with the local marketplace.

Discover how other sellers successfully did a short sale and request a free consultation by clicking here.

Our Chula Vista loan modification kit has the instructions you will need to get a loan modification approved. Info is available here.

Thanks for reading this, Mike Watson.

Mike is a real estate agent at Keller Williams.

Phone: (619) 743-8884. mikekwcv@gmail.com.

Mike Watson specializes in loan modification assistance and short sales in Chula Vista California. Chula Vista Loan Modification Help, Chula Vista Short Sales.

Chula Vista CA Short Sales - We just received a call from Mark saying that the transport company he works for were shutting down, he would be out of a job in 2 weeks and he was already behind with his mortgage payments.

This is not a uncommon call and we advised Mark that a NO COST short sale may be the answer to his problem. Let me try to explain in basic terms how the process works.

1. Your first step will be to call a realtor (619 743 8884) that you have been referred to or you know that has done a Stella job in the past with a short sale.

2. The Realtor will then set an appointment at your home and ask you to have the following copied documents available at your appointment.

NOTE: The realtor may request that you email, fax or mail them prior to your appointment.

a) Your mortgage statements

b) Your most recent bank statements

c) A hardship letter stating what financial circumstances have changed since you took out the original loan. This could be job loss, reduced income, illness, divorce, separation, re-location etc. There will be other documents required on a bank to bank basis

d) At the appointment the realtor will ask you as the home owner to sign a listing agreement take a look around the property and may also take pictures.

e) The house should be on the market in 24 hours

f) All you have to do now is make the home ready for showing and selling. To sell the home be as flexible as possible on time to show your home.

g) As soon as your realtor receives a good offer that meets the current market value he will call you to go over the contract and ask you to sign an acceptance of the offer. As you are still the legal owner the bank has to see a legal contract signed by you and the buyer.

h) Your realtor will then send the offer to your lender. He would have already opened the lines of communication with your bank and a full short sale package would have been submitted.

i) Now you have to wait. Depending on your lender a short sale 60 days to 9 months in some cases longer.

j) If the bank accepts your buyers offer then the bank will issue a "Short sale approval letter"

All being well your buyer is still around and you can go into escrow and close the deal.

Thanks for reading this, Mike Watson.

Mike is a real estate agent at Keller Williams.

Phone: (619) 743-8884. or email mikekwcv@gmail.com.