Is it Possible to Get a Trustee Sale or Foreclosure Date Postponed or Altered?

Hi, this is Kerri from the Bay Area Short Sale Angels, :k1:'s number one short sale team. So a lot of people come to me wondering how to get a trustee sale date postponed. That's the day that the house goes to auction and either gets purchased or goes back into being a bank owned property. It's the official foreclosure date. So, is it possible to postpone this date? Many times the bank will postpone the date for you if it's looking like things are looking positive with your loan modification. Another way to get it postponed or even stalled is by completing a short sale. If we're in contract with a legitimate buyer and we are close to getting the negotiations finalized or in the middle of escrow, many times the bank will actively postpone the trustee sale date. Usually we can't ask for that postponement for up until 10 days before…

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The Short Sale Process after the BPO

Hi, this is Kerri from the Bay Area Short Sale Angels, :k1:'s number one short sale team. I'm here to talk to you about what happens after the BPO or Broker's Price Opinion. After the BPO is ordered, it typically takes about a week and a half to 2 weeks for that BPO to come in with a value to the short sale negotiator. Once the negotiator gets the BPO, then they are able to take a look at what we have on the table. It's a purchase agreement, or an offer on the property and the BPO which is the broker's opinion on what the property is worth. Then they weigh them and they will make one of three decisions. The first decision is an approval. Once we get an approval then approval letters come out about a week and a half to two weeks after. At that point we can open…

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What You Need to Know About the Short Sale Process before the BPO

Hi, this is Kerri from the Bay Area Short Sale Angels, we are :k1:'s number one short sale team. Today I'm going to talk about the short sale process before the BPO. Where that starts is with you and making the decision to go through with the short sale process. There are other decisions that you could have made but you've done your research, you've talked to people, you've consulted with attorneys and tax advisors and you've decided a short sale is the way to go. At that point you will call the Bay Area Short Sale Angels, that's us. We will generate listing documents and disclosure documents for you and also a short sale package customized to the bank or banks that you might owe money to. At that point, you are going to fill all of that stuff out even though some of it may be something that you've seen once…

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You May Be Eligible For A HAFA Short Sale And You Don’t Even Know It

Hello everyone this is Kerri Naslund with the Bay Area Short Sale Angels, :k1:'s number one short sale team, I hope you are having a great day. If you enjoy this blog make sure to check back often as I keep :k1: homeowners up to date with relevant information on avoiding foreclosure. For our blog topic today I wanted to talk about what is required to be eligible for the HAFA program. First off, for those that don't know, HAFA is a government backed program that offers homeowners three thousand dollars in relocation monies after completing their short sale. The HAFA program has some other great benefits as well but is unfortunately not available to all homeowners. As a HAFA certified short sale agent I am constantly staying up to date on all eligibility requirements for our clients. The most important qualification is that the property must be your primary residence and not…

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Staying Current On Your Mortgage Is A Possibility During A Short Sale

Hello this is Kerri Naslund with the Bay Area Short Angels, :k1:'s number one short sale team, thank you for your time today. I am a licensed real estate agent in the state of :k1: and blog frequently to keep area homeowners up to date on the short sale process and their options for avoiding foreclosure. For our blog today I wanted to talk about whether or not a homeowner can pay their mortgage so it is current while in the middle of a short sale. Whether you win the lottery, find a new job, or get a bonus at work you are certainly able to make payments on your mortgage during the short sale process to remain current. Often times there will be some fees related with paying off the past due amount but that can be negotiable. In fact I have had clients in the past who have been able to…

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The Benefits Of A HAFA Short Sale Make Sense For A Homeowner

Hello everyone this is Kerri Naslund with the Bay Area Short Sale Angels, :k1:'s number one short sale team, thank you for your time today. I update my blog on short sales quite frequently and strive to keep :k1: homeowners up to date and informed on the short sale process. For our blog topic today I would like to discuss what exactly a HAFA short sale is and what it can mean for you. Simply put, HAFA is a government backed short sale program that was part of the Fair Lending Act of 2009. Not all lenders are HAFA approved but for those that are it is certainly worth your time to look at this program. The main goal of HAFA is to help homeowners get out from under their distressed property and provide two unique benefits. The first, and most widely known, is that the HAFA program will give you three thousand…

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How Long Does A Short Sale Take?

Hi, this is Kerri from The Bay Area Short Sale Angels, the :k1: area's top short sale team. One of the questions that we get most frequently from our customers is, "How long does a short sale take?" Unfortunately, I can't give you a clear cut answer on this, because short sales are not a straight transaction. There is no way to predict how long the process can take, as there can often times be circumstances that slow down the process. The only way that we can really predict is based on past experiences with the particular bank that you have your loan with. To put things in perspective, our longest short sale transaction took us 2 years and two months; we went through 14 buyers and the sellers wanted to give up numerous times and just do a foreclosure, but in the end they stuck with us and we got the job…

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Important Questions To Ask Of Your Potential Short Sale Agent

Well hello everyone I am Kerri Naslund with the Bay Area Short Sale Angels, :k1:'s number one short sale team, thank you so much for your time today. I update my blog frequently in order to provide :k1: homeowners with up to date information on the short sale process and the lenders that we have worked with in the past.For my blog today I wanted to talk about some things to consider while searching for the right short sale agent. From talking to our clients I know that sitting down with numerous agents to pick the right one is quite common. Given the importance of a short sale approval on your distressed property this is always a good idea. There are numerous agents in :k1: to choose from and finding someone with a proven track record that you feel comfortable with is very important. When meeting with short sale agents there are some…

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Stop Those Harassing Phone Calls from Your Loan Servicer or Lender Forever!

Hi this is Kerri with the Bay Area Short Sale Angels. We are :k1:'s number one short sale team. So what do you do if they won't stop calling you, they won't stop harassing you? This is a question that we get a lot. Usually once we turn in a complete short sale package, they usually stop calling you. A complete short sale package includes an offer from a buyer. So, until they get an offer from a buyer, they will call you day and night, filling up your voice mail. We typically tell our clients to ignore the phone calls or answer and tell them to talk to your real estate agent and then give them our phone number. Under the fair lending law and fair debt collection practices act. I'm going to read something that you can say that will scare them and make the calls stop. Once you ask them…

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Debunking The Myth That A Short Sale Will Take Forever To Close

Hello this is Kerri Naslund from the Bay Area Short Sale Angels, :k1:'s number one short sale team, thanks for joining me. Today I wanted to talk about how long a short sale will take to close and what to expect during the process. Often times when meeting with a new client one of their big concerns is how long their file will take to get approved. I am not sure where it originated but there is a short sale myth floating around :k1: that short sales take forever to get approved. This is simply not true. Sure there are short sale horror stories of listings taking eight to ten months to close but with the Short Sale Angels we work our tails offs to get you approval fast. A normal short sale in the :k1: for our team takes thirty five to forty five days thanks to aggressive pricing and a time…

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