Avoid Foreclosure | Bay Area Short Sale Angels | Monclair | Piedmont

Keeping Your Stress Levels During the Short Sale Process

Hi, this is Kerri from the Bay Area Short Sale Angels, one of :k1:'s number one short sale team. We do a lot of things to keep your stress levels down during the short sale process. The majority of our clients are dealing with more stress than they ever have in their entire lives. A lot of people have a lot of ideals and dreams going into their homes and the idea of having to give that up or being forced to give that up is devastating to a lot of people. One of our main goals is to keep your stress level down during the short sale process. One of the ways we do that is a lot of people stress out about getting their house perfect for showing. You need to clean up and do your dishes, but it doesn't have to look like a model home, that's not necessary. The…

Keep Your House As Is During A Short Sale

Hi, this is Kerri from the Bay Area Short Sale Angels, :k1:'s number one short sale team. A lot of homeowners going through short sales have heard of people that are in foreclosure that end up selling all of their appliances and stripping the fixtures. These homeowners frequently ask us if this is something they can do. The simple answer to this question is no, you can't strip the fixtures and sell all of the appliances. There is a person that's going to purchase the home in as good condition as you've been keeping it. Leave the home how you would want to find it if you are the buyer. They are actually your saving grace and without them there would be no short sale, so you want to be able to turnover a home that they can be proud of. Some people do elect to sell their appliances, but you have to…

What Happens If You Can’t Move Out Before THe Close of Escrow

Hello everyone Kerri Naslund here with the Bay Area Short Sale Angels, :k1:'s number one short sale team, thanks for checking out my blog today. My team and I specialize in short sales in :k1: and I use my blog to provide valuable information to homeowners who may be facing foreclosure. If you are already considering a short sale or if foreclosure is nearing please give me a call today to discuss your options. For our topic today we are going to discuss what options you have if a seller is unable to move out before the close of escrow. The property is in closing, the short sale has been approved, but you haven't found a new place to live yet and need to be out fast. In this situation it will depend largely on who your lender is and if you were approved for any short sale programs like HAFA. In the…

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,…

How Do You Find Out if Your House Will be Foreclosed on?

Hi, this is Kerri from the Bay Area Short Sale Angels. We are :k1:'s number one short sale team. So how do we find out if your house is going to be foreclosed on? Well if you're the owner, hopefully your bank sent you something in the mail. So for those of you who have stopped reading your mail because it's too depressing, you might want to go back through it and see if you've received something called a notice of default. From the time of the notice of default, you usually have 90 days until the house is foreclosed on. If you're a tenant, it is public record so you can go down to the county and find out, or you can find a real estate agent that you know and trust and hopefully they have a subscription to a website called foreclosureradar.com. You can actually get a subscription yourself. ForeclosureRadar takes…

Is it Possible to Complete a Short Sale in a Tenant Occupied Property?

Hi, this is Kerri from the Bay Area Short Sale Angels, :k1:'s number one short sale team. So a lot of people ask us how we deal with tenant occupied properties. Many of our clients have investment properties that they need to short sale or even their primary residence that they moved tenants in in order to try and continue to make those payments and it isn't working out. Every state has different laws, but in the state of California, the tenant is required by law to comply and not get in the way of the sale of a house. It doesn't matter that it's a short sale or that the house is underwater, they have to participate. All that is required is 24 hour notice in order to show the property. What we do as a team is try and get the tenant to work with us and have the least amount…

Important Information About the New HAMP Program!

Hi, this is Kerri from the Bay Area Short Sale Angels. We are one of :k1:'s number one short sale team. So a lot of you have heard of the new HAMP program that's out there. It's actually not new, it's been around for a while, but it's just got a breath of fresh air. President Obama made sure that they changed the rules so that now if you qualify for the HAMP program you can refinance your home no matter how far underwater it is. So that's great news for people who have actually stayed current on their mortgage and they want to take advantage of the low interest rates that are happening right now. These homeowners wouldn't qualify before because their houses were completely underwater. Now they qualify as long as they fit certain criteria. First of all, it has to be a Freddie Mac or Fannie Mae loan. There's an…

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…

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…

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…