Jul
15
Posted By: Grant Bixby
LOS ANGELES (July 15) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) applauds Gov. Jerry Brown on signing SB 458 (Corbett) into law. SB 458 extends the protections of SB 931 (2010), to ensure that any lender that agrees to a short sale must accept the agreed upon short sale payment as payment in full of the [read more]
Dec
13
Posted By: Grant Bixby
I can laugh about this one since all ended well. A week ago, however, neither I nor my clients were laughing. I represented a buyer on a short sale property. My buyers had conducted all their investigations and funded their loan. They were waiting patiently to record with title on the date prescribed by the [read more]
Oct
12
Posted By: Grant Bixby
It’s common to see a statement like this (or something similar) in the listing agent remarks in the MLS:
Buyer to pay a 1% short sale negotiator fee to facilitate this transaction.
Aug
6
Posted By: Grant Bixby
If you are a seller in default on your mortgage, the short sale hardship letter is your firm communication to the lender that you intend to short sell your home. You should make this decision only after consultation with your legal and tax representatives and a licensed Realtor so that you understand what lies ahead [read more]
Jul
9
Posted By: Grant Bixby
What’s in a short sale seller’s hardship package? Answer: A lot of paperwork. The bank will require you prove hardship and back up your story with documentation. If you are considering a short sale (see Short Sale Hardship–The Hard Part) you’ll need to begin your data collection sooner than later. Below is a list of [read more]
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