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- New Price! Large Popular Floor Plan in Pacific Crest Estates in Santa Maria CA– Short Drive to Vandenberg AFB
- 2011 Real Estate Market Update – Santa Maria Home Sales
- Come see this Unique & Elegant Renaissance at Westgate Ranch Santa Maria CA home for sale
- What Should I Say In My Short Sale Hardship Letter?
- Oakridge Park Condos in Orcutt — 2011 Real Estate Market Update
- 5 Reasons Why Now Is the Time For A Short Sale of Your California Home
- Knollwood Terrace Condos in Santa Maria, CA — Real Estate Market Update
- Top 5 Mistakes Short Sale Sellers Make
- La Ventana in Santa Maria CA — April – June 2011 Real Estate Market Update
- Los Cabos Homes in Santa Maria, CA — Real Estate Market Update
- What is a Short Sale?
- Avila Beach CA Home Sales – January 2011 – May 2011
- Country Chic Sisquoc Home For Sale – Come Feel the Charm of Rural Living
- To Pay or Not To Pay That Is the Ultimate Short Sale Question
- Santa Maria CA HUD Home For Sale in Desirable Hidden Pines Gated Community – 414 Hawthorn Street
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Tag Archives: Santa Maria short sale
The IRS Filed A Lien on My Home, Can I Still Do A Short Sale?
Has the IRS field a lien on your home for back taxes? Are you wondering whether you still can do a short sale with the IRS lien filed on your property? The answer of course depends on your individual situation. But, generally the IRS will remove its lien on your property where it can be shown that the lien has no value. If your property is worth less than the liens that are superior to the IRS lien, then the IRS lien probably has no value. Continue reading
Four Things Santa Maria Home Sellers Should Know About the HAFA Short Sale Program
HAFA stands for Home Affordable to Foreclosure Alternatives and it is a government program designed to help home owners who are in danger of losing their home to foreclosure.
•1) You must apply for a HAMP (Home Affordable Modification Program) loan modification to be eligible for HAFA. If offered a modification, you can turn the loan modification down, or even if you are turned down under HAMP, you can request a short sale under HAFA if a short sale is the best answer for your situation. Continue reading
Santa Maria Real Estate Update: Can Investors Purchase Short Sales?
Yes, investors can purchase short sales. There are pitfalls though, such as if the property has a notice of default filed on it. In that case, specific disclaimers MUST be provided to the seller. California law seeks to protect sellers from unscrupulous equity strippers, and as ironic as it may sound, those disclaimers still apply when the property is a short sale. So, even though there is no equity, investors much make sure sellers are aware of their rights. Continue reading
What is a BPO and how can it Affect a Short Sale?
A BPO is an acronym that stands for Broker Price Opinion. As a part of approving a short sale, a bank will order either an appraisal or a Broker Price Opinion (or both) to determine the market value of the property. Continue reading
Short Sale Alert: One Loan? No More Deficiencies After a Short Sale in California.
I think this is probably the most significant development for short sale sellers since the housing bust began and frankly it makes me proud to be a Californian. In my mind it was the right thing for the legislature to do. California Senate Bill 931 prevents first lien holders who approve a short sale from then turning around and pursuing the homeowners for the deficiency.
Continue reading
Santa Maria Short Sale Alert: Contingent Short Sales?
Contingent short sales are all over the Santa Maria market. Santa Maria home buyers are always asking me about them. They linger on the market. Often the seller is requesting no more showings. But why? With so many buyers looking for homes and condos in Santa Maria, why do these properties linger on the market? The answer is of course bank delay Continue reading
Santa Maria and Lompoc CA Short Sale Seller Tips
Everyone in the Santa Maria and Lompoc housing marlet is talking about short sales these days. They love them, they hate them, they love to hate them, they. . . well you get the picture. There are a lot of opinions on them. One thing is for sure, if you are a short sale seller you should work with an experienced agent and obtain legal and tax advice before entering into a short sale arrangement. Short sales have significant financial, legal, tax, and credit consequences. Continue reading
Posted in Lompoc / Vandenberg Village, Santa Maria / Orcutt, Seller Info, Short Sale Info
Tagged Lompoc Realtor, lompoc short sale, Lompoc Short sale Agent, Orcutt Realtor, Orcutt short sale, Orcutt Short Sale Agent, Santa Maria Realtor, Santa Maria short sale, Santa Maria Short Sale agent, Vandenberg Short Sale Agent, Vandenberg short sales, vandenberg village realtor
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People’s Self Help Housing Holds Seminar in Santa Maria
The Santa Maria Times reports that People’s Self Help Housing is offering a seminar to help homeowners who are trying to prevent foreclosure. People’s Self Help Housing is a HUD approved counseling agency. They have offices in San Luis Obispos and Santa Barbara and serve, SB, SLO, and Ventura counties. Continue reading
Are Short Sales Never Ending Bidding Wars for Buyers?
Are short sales never ending bidding wars? Yes, they can be. In general, short sales are some of the most frustrating transactions for sellers and buyers. And, it is almost inevitable in this market that buyers will consider a short sale while looking for a new home. The market is simply loaded with short sales, and sometimes they sit there for months awaiting bank approval. So while buyers wait for the next bank owned listing to pop on th market, they tend to hash and rehash the short sale inventory. Continue reading
