Seller Info Archives | Page 13 of 14

Four Things Santa Maria Home Sellers Should Know About the HAFA Short Sale Program

HAFA stands for Home Affordable to Foreclosure Alternatives and it is a government program designed to help home owners who are in danger of losing their home to foreclosure. •1) You must apply for a HAMP (Home Affordable Modification Program) loan modification to be eligible for HAFA. If offered a modification, you can turn the loan modification down, or even if you are turned down under HAMP, you can request a short sale under HAFA if a short sale is the best answer for your situation.

Santa Maria Homes Gated Community: Arborwalk Snapshot Update

Arborwalk is a gated community of townhomes at the intersection of McCoy and Miller; it is near much of the new shopping and commercial development in south Santa Maria. Watt Developers began building Arborwalk in about 2004. Because the homes were sold new during the height of the housing boom, many if not most of the current and recent sales in the development are foreclosures or distress sales.

Santa Maria Homes – Pacific Crest Estates Snapshot

Inland Pacific, a local builder, built Pacific Crest Estates beginning in about 2005. Because the homes were sold new during the height of the housing boom, many if not most of the current and recent sales in the development are foreclosures or distress sales.

6 Tips for Choosing the Best Offer for Your Home

6 Tips for Choosing the Best Offer for Your Home Have a plan for reviewing purchase offers so you don’t let the best slip through your fingers. Read Visit houselogic.com for more articles like this. Copyright 2010 NATIONAL ASSOCIATION OF…

What is a BPO and how can it Affect a Short Sale?

A BPO is an acronym that stands for Broker Price Opinion. As a part of approving a short sale, a bank will order either an appraisal or a Broker Price Opinion (or both) to determine the market value of the property.

Lompoc Luxury Homes: Foreclosure Real Estate Update

October 18, 2010
Vandenberg AFB Homes
Buyer Info, Lompoc / Vandenberg Village, Seller Info

Looking at the luxury real estate market in Lompoc California, there are currently 29 homes priced above $400,000 with an average list price of about $592,000 and 145 days on market, and a median asking price of $499,000. Looking at the luxury foreclosure market, there was only one active luxury foreclosure listing and there were 2 available short sales in Lompoc.

How to Sell A Home with Tenants: 3 Tips

Make sure you know when the lease will end, and when the tenants will begin a month to month tenancy. These are important facts to relay when selling a home with tenants. Investor buyers willl want to know, and other buyer will want to know when the tenants can vacate the property. Also, make sure you know how much notice the tenants are entitled to for showings - a well written lease will include a provision about notice.

Top 5 Short Sale Myths

Myth #1: I have to be an owner occupant to qualify for a short sale. Where did this myth come from? I’ve done short sales for investors and non-owner occupants. They happen all the time. I just listed a home where the lender told the owner to do a short sale on their rental property. You can sell your investment or rental property via short sale.

Short Sale Flipping Information

The California Department of Real Estate issued a warning in March 2010 against the practice of short sale flipping when the short sale lender is unaware that they are being presented with an under market bid for the home. Short

Failed Loan Modification? A Short Sale May Help You To Avoid Foreclosure

Every week I speak to local homeowners who are frustrated with the process of obtaining a loan modification. I know there are a lot of people out there that claim they can guarantee results, etc. However, I am doubtful of those claims. And in my experience, whether you will get a loan modification depends mainly on who your lender is (servicer) and who the investors are behind the loan. Since you already have the loan and are in a bind, you can't do anything about who your lender is, what you have is what you have. I have spoken to homeowners who have spent 15 months working through the system only to be rejected for the second or third time.