Real Estate Blog

Sentate Bill 94 - is it a Loan Modification Killer?
The California Assembly recently passed Senate Bill 94, a bill that aims to protect homeowners from loan modification scammers. However, does it end up having the unintended consequence of eliminating a homeowner’s ability to retain an attorney to help them save their home from foreclosure.The bill, which included an “urgency clause” and was set to start immediately. SB 94 prevents companies, individuals, and even attorneys… from getting up front fees or any other form of compensation until after the Loan Modification has been completed.Supporters of the bill say that the state is currently over run with scam artists who take advantage of homeowners desperate

Short Sale Success! Wachovia short sale with 3 loans!!
The short sale of real estate is not a questionable practice in today's softening real estate market, it may be a necessity. The short sale transaction is a legal and much more beneficial alternative to foreclosure or even bankruptcy. Lenders are motivated to accept short sale offers to for a number of good reasons. The short sale of your home can result in a win-win-win situation for all parties involvedOur latest short sale success was on a property that had 3 mortgages and over 5k in back HOA payments!1st Lender: Wachovia2nd Lender: Wachovia3rd Lender: DyckonealOur team was able to negotiate with all lenders to agree