Short Sales

O.C. Homes emerge from deep end

by davesingery March 12, 2014 fullerton

Rising home prices pushed more than 54,000 debt-ridden Orange County homes above water in 2013, meaning that just 1 in 20 homes here now are worth less than the owners owe on their mortgage, CoreLogic reported. The Irvine-based market tracker reported that 28,311 Orange County homes were underwater in the fourth quarter of last year […]

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Californians Who Short Sell Won’t Face State Tax Penalty

by davesingery December 11, 2013 ca events

George Runner announced today that the Franchise Tax Board will follow the lead of the Internal Revenue Service and not impose a tax penalty on Californians who have sold their home via a short sale. In a written response sent to Runner today, FTB Chief Counsel Jozel Brunett states, “Since California conforms to the relevant […]

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What came of 21 luxury foreclosures in 2013

by davesingery December 9, 2013 ca events

Despite an overall drop in foreclosures, big-ticket homes in Orange County are still going back to banks. Some distressed homes valued at $2 million and up have yet to hit the market. But they may show up soon. “We have just recently been hearing from real estate agents and others on the frontlines there are […]

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Short Sale Changes Ahead

by davesingery December 9, 2013 fullerton

This week I want to discuss some of the short sale policy changes that Fannie Mae and Freddie Mac will be initiating next year, starting on Jan. 10. Apparently, these mortgage giants are looking to expand the help they provide to homeowners considering a short sale or a deed in lieu of foreclosure. Here are […]

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Testimonial on a short sale

by davesingery September 19, 2013 Client Reviews

Hi, our names are Sandra and Michael Mullen, and we just sold our house through short sale, with the help of Frances and Natalie, and we came to meet Frances through my hairstylist.  It was the best hair appointment I ever had.  In a short 3-4 months we sold our house, and they were great […]

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Client Testimonial

by davesingery September 17, 2013 Client Reviews

Frances and her negotiator Natalie were amazing in our short sale of our home.  We had bought our second home and we were upside down and needed to sell because the rent we were receiving didn’t cover the mortgage payment. Natalie did an amazing job in negotiating with our bank and the process was really […]

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Foreclosures, Short Sales Decline in Q1

by davesingery June 3, 2013 Latest News

Over the last year, sales for distressed properties showed steep declines amid a backdrop of slower foreclosure activity and rising prices, according RealtyTrac’s foreclosure and short sale report. During the first three months of this year, 190,121 properties that were in some stage of foreclosure or bank-owned were sold. The first quarter total represents a […]

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How to START your Short Sale

by davesingery April 24, 2013 Latest News

In order to get a short sale started for you, I first “list your home” using the Standard California Association of Realtor Listing agreement, Short Sale Addendum and Authorization Form which allows me to speak to your lender on your behalf. Once we find a strong buyer for your home, I will need following documents […]

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What are the benefits of doing a short sale?

by davesingery April 24, 2013 Latest News

Most importantly, a short sale will allow many hardship short sale candidates to avoid foreclosure. For many strategic short sale candidates who are significantly “under water” on their mortgage, a short sale is simply the best choice to improve their long term financial health. In comparison to a foreclosure, a shore sale is a more […]

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Loan Modification Denied?

by davesingery April 12, 2013 Latest News

There would be a lot less Hardship and Strategic short sales in today’s market if the loan modifications process was more widely available to owners with negative equity and high mortgage payments. To date, the loan modification process has seen widespread fraud and approval guidelines which are simply too restrictive for the most loan modification […]

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