Live from Newport Harbor High! It’s “Senior Night Live!” This Thursday (May 17th) and Friday (May 18th) at 7 pm, the Senior Sailors at Newport Harbor High School will be putting on one of their most successful and entertaining shows of the year. With students writing, directing, casting, and starring in skits, their comedic performances [read more]
Grant represented me on a purchase, and then the subsequent sale of the same property. He brought me multiple offers that resulted in a great sales price for my home. Additionally, he coordinated a complicated closing of two simultaneous escrows. I always felt that Grant worked hard to defend my interests and marketed my property [read more]
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]
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]
Tired of making your payment? Maybe thinking it will take too long to recoup your investment and just think it would be easier to short sell? Well, sorry to spoil your plans, but a bank won’t think so highly of your strategy.
I just closed escrow on a short sale where I represented the seller. The first lien holder (lender), approved the short sale, provided that the they were in “…receipt of funds no later than June 25, 2010.” As luck would have it, the new buyer’s loan did not fund until the afternoon of the 25th. [read more]
Short Sale Snoop will be a regular feature on BixbyBlog.com. I’ll relate insider stories detailing the ins-and-outs of real short sales with all their wacky complexity. Stay tuned this week. You just might learn something. Like, you never want to short sale if you don’t have to, for instance. Share this:
I grew up in Long Beach, a 5th generation California resident, with two older brothers, Mark and Brett. My forefathers came to California during the Gold Rush and quickly realized their livelihoods would center around feeding and clothing our state’s growing population, rather than striking it rich in the mines and rivers of the Sierras.
