Great News!!

Hi, this is Kerri from the Bay Area Short Sale Angels, :k1:'s number one short sale team. I am here with some great news. The numbers are in and last year we were able to successfully help 44 families, individuals, people avoid foreclosure. I feel like that's a huge success. Our team is on track to double or triple that number this year. You guys can help me with that of course. In addition to that, I'm sure that I met and consulted with another 20 to 30 people who decided that loan modification was the right avenue for them in order to avoid foreclosure. They also decided on a different route such as bankruptcy. So the numbers are actually higher than 44, people, families, or individuals that we helped avoid foreclosure last year. As far as what's on the books and the numbers that we have gotten for our year end totals,…

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Understanding what the term "Seller Pays Fee" Really Means in your Short Sale Agreement

Hello this is Kerri with the Bay Area Short Sale Angels. The :k1: #1 Short Sale Team. One question that comes up a lot in our business is what it really means when it says 'seller pays' on the purchase agreement. Often times it will list city/county transfer tax, closing cost credits, title fees as paid by seller on a short sale purchase agreement all owed by the seller. Since most short sale property owners can not even pay their mortgage these added fee's can be a concern while trying to gain approval. Do not be scared away by all these fee's because although the agreement says the 'seller pays' it will all be covered by the bank. These numerous fee's associated with closing on a house are deducted from the total amount that the bank would receive once your house is sold. Since the lender is taking care of these fee's there…

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