homeforclosurealternatives: October 2011

Thursday, October 13, 2011

What is a short sale? By Los Angeles Short Sale Agents Munson Realty

What is a Short Sale-A short sale can be a good solution for homeowners who need to sell, but owe more on their mortgage than the home is worth. In the past, it was rare for a bank or lender to accept a short sale. In this Video, here this Los Angeles short sale Agents definition of “what is a short sale ?”

Copyright © 2011 By Stephen Munson-Munson Realty, Los Angeles short sale agents*Discreet and Confidential Short Sale •does a short sale stop foreclosure • foreclosure • foreclosures • hafa • hafa program • hafa short sale • hafa short sales •Pasadena short sale agents Pasadena short sales • Pasadena short sale broker • Pasadena short sales broker • short sale •short sales • strategic short sale • What is a strategic short sale Los Angeles Short Sale Agents

Short Sale FAQs-by Los Angels Short Sale Agents Munson Realty

Short Sale FAQs- There is no longer the same stigmas that use to be associated with short selling a home. A short sale can be a good solution for homeowners who need to sell, but owe more on their mortgage than the home is worth. In the past, it was rare for a bank or lender to accept a short sale, but now short sales comprise a huge portion of today’s housing inventory.

If you’re considering avoiding foreclosure by way of a short sale, you need the facts and you need to make your decisions pretty quick.

Here is a list of frequently asked questions by Los Angeles short sale agents, Munson Realty, that will answer questions like: What is a short sale? Will getting started on a short sale stop foreclosure? What is a strategic short sale? How much does it cost to short sale a home? When is it too late to short sale? These and many more questions are clearly answered in the Los Angeles short sale agents “Short Sale FAQs” video presentation.

What is a short sale hardship? By Pasadena short sale agents Munson Realty

Short Sale Hardship-In a traditional short sale where there is a true ”hardship” for the underwater homeowner, the bank will often ask for a “hardship letter” explaining the homeowners case for “short sale hardship”. A short sale hardship can include: loss of job, sky rocketing interest rates and various other reasons.

In this video Munson Realty, Pasadena short sale agents describe short sale hardship and we answer the question: Is it always necessary to have a true hardship for a short sale? You may be surprised to find out just how flexible banks are getting with short sale hardship cases. In fact you will learn about how many homeowners are doing a “strategic short sale” with no real short sale hardship.

What is a Short Sale Hardship? by Los Angeles Short Sale Agents Munson Realty

What is a Short Sale Hardship?

by Los Angeles Short Sale Agents Munson Realty

Short Sale Hardship-by Los Angeles Short Sale Agents Munson Realty

Short Sale Hardship-In a traditional short sale where there is a true ”hardship” for the underwater homeowner, the bank will often ask for a “hardship letter” explaining the homeowners case for “short sale hardship”. A short sale hardship can include: loss of job, sky rocketing interest rates and various other reasons.

In this video we describe short sale hardship and we answer the question: Is it always necessary to have a true hardship for a short sale? You may be surprised to find out just how flexible banks are getting with short sale hardship cases. In fact you will learn about how many homeowners are doing a “strategic short sale” with no real short sale hardship. For more info contact323-216-9671.

Short Sale FAQ's by Pasadena Short Sale Agents Munson Realty

Short Sale FAQs- There is no longer the same stigmas that use to be associated with short selling a home. A short sale can be a good solution for homeowners who need to sell, but owe more on their mortgage than the home is worth. In the past, it was rare for a bank or lender to accept a short sale, but now short sales comprise a huge portion of today’s housing inventory. If you’re considering avoiding foreclosure by way of a short sale, you need the facts and you need to make your decisions pretty quick. Here is a list of frequently asked questions by Pasadena short sale agents, Munson Realty, that will answer questions like: What is a short sale? Will getting started on a short sale stop foreclosure? What is a strategic short sale? How much does it cost to short sale a home? When is it too late to short sale? These and many more questions are clearly answered in the Los Angeles short sale agents “Short Sale FAQs” video presentation. Contact us at 626-376-9732 if you still have short sale questions we can help you with.

Copyright © 2011 By Stephen Munson-Munson Realty, Pasadena short sale agents*Discreet and Confidential Short Sale •does a short sale stop foreclosure • foreclosure • foreclosures • hafa • hafa program • hafa short sale • hafa short sales •Pasadena short sale agents Pasadena short sales • Pasadena short sale broker • Pasadena short sales broker • short sale •short sales • strategic short sale • What is a strategic short sale

Monday, October 10, 2011

FHA approved Condos-Finding FHA approved Townhomes & Condos

By FHA Los Angeles Realtors-Munson Realty

FHA approved Condos-Finding FHA approved condos and townhomes in Los Angeles is no easy task for the Los Angeles first time home buyer.

Why is that? Because condos or townhomes must meet FHA property guidelines: structurally sound, HOA has plenty of cash reserves, no lawsuits against the building, higher ration of owners vs. renters. Not only that, but the entire building MUST be FHA approved.

How do you know if the building or complex is FHA approved? Often times you don’t. Certainly the average buyer will not have this information. Even Realtors like ourselves have to “dig” to find out if the complex or community is FHA approved. Presumably the agent representing the seller should make note of this on the MLS but often times they neglect to do so.

This creates a very frustrating experience for the FHA buyer who wants to find a FHA approved condo or townhome. It’s also frustrating for agents like us that specialize in FHA buyers. Time and time again I get calls from FHA buyers that feel like they have NOTHING to look at but they are FHA approved and ready to go. Unfortunately their agents just aren’t familiar with the FHA process or don’t have the patients to do the diligence it takes to help their buyers.

About 5 years ago when the market climate changed and there was no longer 100% financing available, we had to find a good replacement for our first time buyers that did not have the 20% down they needed to buy a home. Very quickly we mastered working with FHA buyers, even though many agents were (and still are) reluctant to working with FHA because of its restrictions on property conditions and Condos. We began compiling a master list of FHA approved condos and townhomes throughout the Los Angeles area. Granted the list is ever evolving as communities fall in and out of approval but we have streamlined the process of investigating these complexes so well that it doesn’t take us long to find FHA approved condos and townhomes.

If you a FHA buyer and interested in having us help you find your FHA approved home or FHA approved condo here in Los Angeles, give Munson Realty, FHA Los Angeles specialist us a call at 323-216-9671 . Don’t give up, there are FHA approved condos and townhomes out there for you. Let us know what you are looking for and we’ll find it!