mark peek

Hello, I am Mark Peek right here at Keller Williams Real Estate, considered one of Roseville and Sacramento’s leading short sale specialists. Today’s topic is credit repair after a short sale. Lots of people ask when they can fix their credit, how long will it take, how is it going to influence them? It depends on a whole lot of factors. I’ve seen individuals flip their credit score around quite a bit after only a year of closing the short sale. Nevertheless, there are another options on the market that most individuals aren’t aware of. There are credit score repair firms that may potentially remove delinquencies and even short sales from your credit report with somewhat bit of work in your part and for a reasonably small fee.

During the last 3 years, virtually 650,000 house owners in California have lost their homes to foreclosure. As it stands today, about 30 percent of house owners owe more than their property is worth. To avoid repossessions, most of them are choosing to sell their properties for less than the amount they owe, creating a trend in short sale homes in California.

Most sellers are quite new to the short sale process, which is more complicated than normal transactions. If you are among those entering uncharted waters, here are some guidelines to remember when handling your short sale transaction.

The short sale specialist

Hello, I am Mark Peek right here with Keller Williams Real Estate, one of California’s main short sale team. I’ve lots of clients calling asking about loan modifications. They’re wondering what I can do to assist them and if there is any way that the financial institution is going to approve them. Well, a number of the folks I’ve talked to are what I call a “career loan moder” because they have been attempting at a mortgage modification for two perhaps three years. Typically they’ve even made three different attempts at it.

my first short sale

Howdy and welcome, my name is Fred Weaver and that is Kevin Kauffman. We’re Group 46:10, one of the nation’s leading short sale teams. We’re even ranked in the Wall Street Journal as one of the top 200 groups in the country. We are additionally experts in short sales and we needed to speak to you in regards to the short sale process right now and specifically Bank of America.

There is a lot happening in the world of real estate and that holds true for the Santa Maria real estate market. With all the mortgage home loans going bad, you should be familiar with the term short sale. You would find the word short sale becoming as the word foreclosure unless you have been living under a rock.   Many of you that live in either a home or condo regardless of whether you own it or not, you have had flyers left on your door. Letting you know that there are a whole lot of people willing to help you to do a short sale. Leaving information for you letting you know why its a better alternative than doing a foreclosure. If you live in appartment complexex, you might not have come across these flyers. Only because its pretty much safe to assume that there are not too many homeowners there.

It should be noted that we’re not giving advice on whether any specific property or borrower can avail themselves of the new FHA loans. For that, the borrower will have to have the scenario underwritten by the FHA lender. These comments are generalities only, but bear upon a borrower’s consideration of no matter if they’ve any real opportunity of acquiring such a loan.

i have owned my home for about 3 years and i lost my job and i am going through a divorce . i cant afford my home . what should i do .

Our house in CA was bought for $406,000, now only worth 220,000 due to mortgage mess- we have adjustable rates that will go into affect in 3 years (mortage payment will increase by $1500.00 more a month then) I would like to refi to a fixed rate but we now have no equity- my hubby and I have excellent credit- is it possible???