There is a newer government-sponsored program called HAFA (Home Affordable Foreclosure Alternatives) that helps homeowners who are want to sell their home as a short sale. A short sale is a situation in which the homeowner owes more in liens and such than the value of the property. Basically, they are upside down on their [...]
Entries Tagged as 'short sale'
HAFA – Government Sponsored Program for Short Sales
January 25th, 2011 · Comments Off · HAFA, foreclosure, government program, home seller, real estate, selling a home, short sale
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The Short Sale…I mean “Normal” Sale…Nope, It’s a Short Sale…Transaction
December 22nd, 2010 · Comments Off · bay area, buying a home, home for sale, homebuyer, move up buyers, real estate, san jose home, short sale
This transaction was with an adorable couple with 2 adorable kids who were fun to work with, but, boy, I tell ya, this transaction was CRAZY with a capital C-R-A-Z-Y!!! It’s a pretty long story if I were to tell it play by play, but I will keep it as to the point as possible.
This [...]
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The Race to the Finish Short Sale in Milpitas
December 9th, 2010 · Comments Off · bay area, buying a home, first time buyer, homebuyer, milpitas, real estate, short sale
This buyer is a really nice young single man buying his first home. His search took quite awhile because he was looking mostly at short sales and foreclosures and ran into a lot of competition with multiple offers…yes…multiple offers in ‘this market’. After months of making offers and looking for the right home to fit his needs, [...]
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The 7 Month Short Sale Transaction
November 4th, 2010 · Comments Off · bay area, buying a home, first time buyer, homebuyer, real estate, san jose home, short sale
This sale is yet another short sale transaction which took 7 months to close! The buyers for this home have the patience of saints! Seriously! I think this has been the most torturous transaction for any of my short sale buyers thus far, but the buyers were extremely patient and remarkably mellow and laid back, [...]
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Another Successful Short Sale Transaction with a FHA Buyer
October 27th, 2010 · Comments Off · FHA approved, FHA loan, bay area, buying a home, condo/townhome, first time buyer, homebuyer, real estate, santa clara, santa clara home, short sale
I sold this home to a really sweet first time FHA buyer who was very patient through the waiting process. This sale was a short sale that took about 2 months for short sale approval and then another month to close the transaction, so not too bad. For the most part the short sale process and [...]
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A Very Complex Short Sale Transaction on a Home in Saratoga About to Foreclose
September 20th, 2010 · Comments Off · bay area, buying a home, first time buyer, foreclosure, home for sale, homebuyer, real estate, saratoga, short sale
This was the most complicated and complex short sale thus far for me for sure. The situation for the seller was an extremely sad one. The seller actually lived in this home for many years and raised a family here. This wasn’t the typical short sale scenario in which the owner bought in the height of [...]
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The First Time Buyers Who Experienced a Short Sale and FHA Loan Experience
August 10th, 2010 · Comments Off · FHA loan, buying a home, first time buyer, home for sale, homebuyer, real estate, san jose home, short sale
The buyers who bought this home in San Jose are just the cutest young couple buying their first home. Wow, did they learn more about short sales and FHA loans then they probably care to imagine! Initially, this couple found a short sale home and we made an offer and were just taken for a [...]
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The So-Called “Approved Short Sale” That Was Not So Approved in San Jose
June 3rd, 2010 · Comments Off · bay area, buying a home, condo homeowner, condo/townhome, first time buyer, homebuyer, real estate, san jose home, short sale
I just sold this condo in San Jose that was a short sale. For this transaction, all I can say is…Wow, what a draining experience for all parties involved. All parties are just so glad this deal has closed. This client is just the sweetest, young first time buyer and in this price range, the competition [...]
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The Buyer Who Would Not Take ‘No’ For An Answer
April 12th, 2010 · Comments Off · FHA loan, buying a home, homebuyer, real estate, short sale
This is the 5th time I have worked with this buyer. About 1995 she bought her first condo with me, sold that condo, bought a house, sold the house and moved to Boston, came back to the Bay Area, and just bought this home.
She was determined to buy a single family home and not a [...]
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From Short Sale to Foreclosure with a Happy Ending
October 6th, 2009 · Comments Off · buying a home, foreclosure, homebuyer, real estate, short sale
This one comes with quite the story. My clients originally saw this home in San Jose when it was a short sale listing. They made a bid, competed with about 6 buyers, and got the acceptance. The listing agent told us it was already approved at the listing price and we would have an approval for the [...]
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