Tuesday, August 28, 2012

San Diego Bank Short Sale Process Behind In Payments

San Diego Short Sale Process


Behind in Payments


San Diego short sale specialist explains that you should always let your real estate agent know if you are facing any financial issues. If you are upside-down in your San Diego home (you owe more than it is worth, or if you are behind in payments to the bank you need to be sure that your agent is up-to-date so that there are no surprises. Do not be afraid to tell your agent, they need to know whether you are in a big rush to sell.

If you are in the process of bank short sale on your San Diego home, you need to open all your correspondence from the bank and advise your agent. Among some of the key considerations that an experienced agent like Gary Kent will know is how to price it to reflect your current financial situation. Also, if the bank has started the foreclosure process on your San Diego home there are certain time frames that we have to be concerned with on your behalf.



San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.
To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com
The Gary Kent Team 858-457-5368 of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

Do you owe the bank more than it is worth? Want to find out how long it would take for you to have some equity in your home again? Go to www.ShortOrStaySanDiego.com put in your address and some loan information and Gary Kent will give you a quick report on whether it makes sense to start the short sale process on your San Diego home.

Friday, August 24, 2012

San Diego Short Sale Process Behind in your payments?

San Diego Short Sale Process


Behind in Bank Payments

San Diego short sale specialist Gary Kent 858-457-5368 answers the questions of San Diego home owners when they ask, “I haven’t made my house payments in months, what happens next”? What is the time line for the bank to foreclose on your San Diego home when you are behind in your mortgage payments?

If you are behind in your mortgage payments in California, the foreclosure time table starts with the bank making a “good faith” effort to contact you to discuss the situation with you. After that, San Diego bank short sale specialist Gary Kent explains the Notice of Default and Notice of Sale part of the foreclosure process and what happens at the foreclosure auction and what happens to you.

How to avoid foreclosure? One option is to start the short sale process on your San Diego home. Gary Kent is not a Short Sale Attorney or a Foreclosure Attorney in San Diego. However after over 200 bank short sales he is an expert with the process of a bank short sale.




San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.
To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com
The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

Do you owe the bank more than it is worth? Want to find out how long it would take for you to have some equity in your home again? Go to www.ShortOrStaySanDiego.com put in your address and some loan information and Gary Kent will give you a quick report on whether it makes sense to start the short sale process on your San Diego home.

Wednesday, August 22, 2012

San Diego Short Sale Process Fico Score Credit Report

San Diego Short Sale Process

FICO Score Credit Report

San Diego short sale expert, Gary Kent 858-457-5368 explains the benefits of the bank short sale process vs. foreclosure on your San Diego home. A bank short sale is generally has less negative impact on your credit report and the FICO score according to our various sources. While the formula for FICO scores are closely held, it is generally accepted that it is better to do a bank short sale vs. foreclosure on your San Diego home.


Another key benefit of having the Gary Kent team help you with the bank short sale process is that you may be eligible faster to buy another home. In most cases a properly done bank short sale will help protect you from the bank coming after you for the loss. While Gary Kent is not a short sale attorney, There is a new California Law signed by Governor Brown in July of 2011 that may protect you from the bank coming after you.


Finally, a bank short sale will allow you to avoid any stigma that you may feel about having a foreclosure on your San Diego home. What is the best way in the bank short sale process to avoid the most damage to your FICO score Credit report? Short sale expert Gary Kent explains a key element in this free video. The best place to get a free credit report is www.AnnualCreditReport.com and the most important tip is to choose a San Diego short sale expert to handle the short sale process.




San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.
To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com
The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

Go to www.ShortOrStaySanDiego.com to learn more about the bank short sale process and how much your San Diego home is worth along with how long it will take to stop being “underwater.”

Tuesday, August 21, 2012

San Diego Short Sale Deed In Lieu vs Short Sale

San Diego Short Sale

Deed in Lieu vs Short Sale

San Diego short sale expert Gary Kent 858-457-5368 explains why the process of a short sale is better than simply mailing the keys back to the bank and walking away from your San Diego home. Also known as “jingle mail” (you avoid a bank short sale by mailing the keys to the bank).

Some San Diego home owners have also asked about doing what is called a “deed in lieu” meaning a deed in lieu of foreclosure. So if you are considering a short sale vs. foreclosure this is an important video to watch. While Gary Kent is a short sale expert, he is not a Short Sale attorney. Only a San Diego short sale attorney can advise you if you should see if the bank will take a deed in lieu vs. foreclosure on your San Diego home.

Another option is to do a short sale vs. foreclosure or even vs. a deed in lieu on your San Diego home. Most banks do not want to own your house and will work with you on selling it so that they can avoid the cost of the foreclosure. Before you can do a “deed in lieu” on your San Diego home, the bank has to agree to it. The main reason this might not work is if there are junior liens or loans on your home that the bank does not want to inherit them.

For a deed in lieu to be valid, the bank has to agree to it. Bank short sales are often the better option. There are now many benefits to doing a bank short sale. To find out if you owe more than your home is worth, please go to www.ShortOrStaySanDiego.com .



San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.

To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com
The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

In some cases a bank might consider a deed in lieu if your home is eligible for a HAFA short sale, which may provide for a deed-in-lieu on your San Diego home.

Monday, August 20, 2012

San Diego Short or Stay Calculator. Should I shortsale my San Diego Home

San Diego Short or Stay Calculator.

Should I short sale my San Diego Home?

San Diego short sale expert, Gary Kent 858-457-5368 answers this important question. With the real estate meltdown, it has been a difficult time for many San Diego home owners who are facing some tough questions. Among the toughest question is “should I short sale my home?”

If you are frustrated making payments on your San Diego home that is underwater (you owe more than it is worth).

If you are concerned about how long it will be for your home to be worth more than the mortgage.

Or, if you are just unsure if a short sale on your San Diego home is the right solution for you.

Then the first step in the San Diego short sale process is to visit www.ShortOrStaySanDiego and use our free short or stay calculator to help you decide if it makes sense for you to keep making payments or to contact San Diego short sale expert Gary Kent to help you short sale your San Diego home. So to answer the question of “Should I short sale my San Diego home,” call Gary Kent at 858-457-5368.



San Diego short sale expert Gary Kent has written the book on short sales which can help answer the question of "should I shortsale my home in San Diego CA"? Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide.
To find out how much your San Diego home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com
The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and .

 

Monday, August 13, 2012

San Diego Short Sales Hardship Letter – San Diego Short Sale Process

<h1>A key part of the short sale process on your San Diego home is the Hardship letter.</h1>
<h2>In this video, San Diego short sale expert, Gary Kent explains about doing a short sale on your San Diego home.</h2>
<p>To complete the short sale process on your San Diego home starts much like when you borrowed on it to purchase it&hellip; ONLY the opposite! We need to show that unlike when they made a loan to you, the circumstances have changed.<br /> Generally, we need to prove three key components in the short sale process to prove to <a href="http://homeloanhelp.bankofamerica.com/en/short-sale-process.html">the bank</a> that you are not so strong:<br /> 1. Hardship &ndash; Something has changed in your life that was out of control. This part of the San Diego short sale process is call the <a href="http://shortorstaysandiego.com/san-diego-short-sale-guide-san-diego-short-sale-hardship-letter/">hardship lette</a>r. We want you to show that the hardship is causing you to need to sell. Typical hardships include: illness, death, divorce, loss of job or hours/overtime, caring for a family member or even and &ldquo;exploding ARM.&rdquo; For some banks, the hardship is not as critical as others in the short sale process.<br /> 2. Finances &ndash; In this part of the short sale process, we will present your current financial situation to the bank. They will look at your income and assets to help them determine if there is a hardship sufficient to approve a short sale on your San Diego home. Remember to always be truthful (do not commit fraud) and share all income and savings and retirement information. Although typically, they might not look to your retirement.<br /> 3. Home Value &ndash; Again, this part of the short sale process is to prove that you <a href="http://shortorstaysandiego.com/">do not have enough equity in your San Diego home </a>to sell it for enough money to pay off the loans. The bank may send out an appraiser or another broker to do a Broker Price Opinion (BPO) to confirm the current home value.<br /> http://youtu.be/SMPavStuk00 <br />To get a quick idea of whether you have equity in your home and/or how long it will take to get back to having equity, please visit <a href="http://shortorstaysandiego.com/">www.ShortOrStaySanDiego.com</a> for a quick and free evaluation.<br /> <img name="Gary Kent" src="http://garykentteam.com/images/garykent.jpg" id="gary" height="100" alt="Gary Kent Picture" width="85" style="padding-left: 8px;" />by <a href="http://www.garykentteam.com" target="_blank">Gary Kent</a>. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from &ldquo;under water&rdquo; mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on <a href="https://www.facebook.com/GaryKentTeam" target="_blank">Facebook</a>, <a href="https://twitter.com/garykentteam" target="_blank">Twitter</a> and <a rel="&amp;ldquo;author&amp;rdquo;" target="_blank">Gary Kent on Google+</a></p>
<p>Gary Kent is a licensed broker in California 00862878 and is not licensed to give legal or tax advice.&nbsp; You are encouraged to review your situation with the appropriate professional.</p>

Thursday, August 9, 2012

Will a short sale on my San Diego home cost me anything?

San Diego how does a short sale work?


Will a short sale on my San Diego home cost me anything?

http://www.ShortOrStaySanDiego.com Hi! I’m San Diego short sale expert Gary Kent and in this video I explain the short sale process in San Diego 858-457-5368.
Many San Diego home owners who owe more than their home is worth are concerned about the cost and expense to short sell their San Diego home. In this video, I review a key California Senate Bill - SB458 which in most cases can limit the bank from making you contribute to the shortage before they will approve your short sale process. The video also addresses that SB458 limits the bank from coming after you for any shortage on your San Diego short sale.

While I’m not a short sale attorney and cannot give legal advice, I have closed over 200 short sales in San Diego and I know the short sale process.
My website http://www.ShortOrStaySanDiego.com gives San Diego home owners the opportunity to see at a glance how much their home is worth and when compared to how much they owe, how long it will take to where their San Diego home is once again worth more than they owe. In the process of a short sale, a major concern can be; will a short sale on my San Diego home cost me anything? To contact me, call Gary Kent at 858-457-5368 for a confidential conversation about the San Diego short sale process. Gary Kent Team – Keller Williams Realty.


Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and Gary Kent on Google+

Thursday, August 2, 2012

San Diego Short Sale Solution Part 2 San Diego shortsale

San Diego – My Short Sale Guide Blog Series – Short Sale Solution-2 The San Diego Short Sale Solution part 2 Here’s something important you need to know about San Diego CA short sales, depending on whether the loan on your home is a "purchase money" loan or whether you refinanced after your purchase, you either have a "non recourse" or a "recourse" loan. This makes a BIG difference as to whether or not your lender can go after you to repay your debt, even after your San Diego home has been foreclosed on. A non-recourse loan is… A loan agreement under which the collateral securing a loan is the ultimate source of repayment, and the lender cannot hold the borrower personally liable in the event of a default. The lender can seize (and sell) the collateral but cannot seize non-pledged asset or property. A recourse loan is… A loan agreement under which a borrower gives an undertaking to repay a debt even if the funded asset (acquired with the loan proceeds) cannot be liquidated to cover the loan amount. In case of a default, the lender can seize and sell the funded asset as well as the borrower's un-pledged assets or properties. That recourse loan sounds scary huh? They can be. The great news is, I can help you either way but the steps are different. Now, if you want to see really scary, just ask the next real estate agent you meet claiming to be a San Diego short sale expert if he or she can explain the difference between the two. So, I applaud you now for doing your home work and not simply trusting this process to the first of many typical San Diego real estate agents who are likely to come along promising help. While I’m at it, you should also be wary of the many unscrupulous companies operating now that actually encourage you to go through foreclosure so you can live in your San Diego home a few more months without paying your mortgage. These companies prey on people who are vulnerable and unaware of the foreclosure and mortgage laws. They even charge you a hefty fee for the privilege of getting foreclosed on! This is financial suicide, and it is totally unnecessary because... Your lender does not want to foreclose on your San Diego home. It’s true. They would much rather have you stay in your San Diego home and continue making your payments, or have you sell it and get it off their books, even if it requires them taking a financial loss. Remember, banks are in the lending business, not the real estate business, which brings me to my next point: It makes little difference whether your lender is Indymac, Wells Fargo, Chase, Countrywide / Bank of America, Downey Savings, CITI, Chevy Chase, Washington Mutual, Wachovia, World Savings, First Franklin, Flagstar, GMAC, Greenpoint, Homecomings, HSBC, Irwin, Novastar, Option One, Aurora, Deutsche Bank… (Last time I checked, many of these banks were taken over by the FDIC, out of business, or in some form of trouble. HOWEVER, if you have a mortgage with their name on it, you still owe the money. Sorry.) I've worked with most and they all work about the same – if you submit a sensible offer and a clean package on your San Diego home and have the systems and resources in place to consistently and continuously follow up on the file, it will get accepted and your home will be sold “short.” You’ll pay nothing. You’ll owe nothing. You’ll avoid having a foreclosure on your credit report and you’ll survive to fight another day! Call San Diego short sale specialist Gary Kent at 858-457-5368 for a quick confidential analysis of your situation. San Diego short sale expert Gary Kent has written the book on short sales. Gary would like to offer the San Diego Short Sale Guide to you for free – Short Sale Guide. To find out how much your home is worth compared to owe much you owe, go to www.ShortOrStaySanDiego.com The Gary Kent Team of Keller Williams is a California Real Estate Broker, License 00862878. We are not licensed to provide legal or tax advice and we encourage our clients to seek legal and/or tax advice early in the short sale process.

Gary Kent Pictureby Gary Kent. Gary has successfully helped well over 200 clients and their families sell their homes or other real estate via a short sale. In 1991, he closed his first short sale for a young family, and since has been helping clients get out of stressful financial situations, escape from “under water” mortgages, avoid foreclosure (and the accompanying stigma), save their credit, and maintain their pride through a short sale. You can find Gary on Facebook, Twitter and Google+.