short sale assistance | Bay Area Short Sale Angels | Monclair | Piedmont

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…

Non-Recourse or Recourse Loans – Short Sales and Foreclosure

Hi this is Kerri from the Bay Area Short Sale Angels, Northern California's number one short sale team. A recourse loan means that the bank can come after you for any unpaid debt regardless if you foreclose or short sale. Non recourse loans mean that they can't. California is a non-recourse state as long as the loan was taken out as purchase money. That means the money, whether its a first or second was taken out at the origination of purchasing the property. Now let's say you got a loan, you got into your property, and then a while later you took out an equity line, a second loan. The second loan is a recourse loan. So, if you short sale, what does that mean? It means that the bank can ask to have the homeowner to sign a promissory note, sometimes for the amount that's owed, sometimes less than the amount owed.…

Some helpful information when considering the ramifications of a short sale on your credit

Hi this is Kerri from the Bay Area Short Sale Angels. The :k1: #1 short sale team. We have been finding a lot of people recently who do not seemed to be concerned about keeping their credit score intact after a short sale. Even if you plan to make most of your purchases with cash after completing a short sale or foreclosure there are many unplanned events in life that may require you to have reputable credit. For instance, if your car were to break down and you did not have the cash to buy a new one you would need a car loan. If you walk away from your property and ruin your credit no bank will be willing to give you a loan for a new car. By walking away or foreclosing on your property you are not honoring the contract you signed and this could hurt you when applying for…

The Benefit of a VA Loan Combined with the Right Price on a Short Sale Property

Hi this is Kerri from the Bay Area Short Sale Angels, the :k1:’s #1 Short Sale Team. I have noticed of late there are a lot more VA buyers out there. A VA loan is designed for people who have served our country in the armed forces and it requires zero money down and is a government run program. Recently we have had a few of our short sales get sold to those with VA loans and the process was very easy. The negotiators that we have been working with may just be doing their part to say thank you to those VA loan recipients by offering credits for closing costs and providing an overall smoother process. For me personally as a short sale agent it also feels good to give back to those individuals that have served our country and see them become home owners. It is truly a win win scenario…