Tag-Archive for » Avoid Foreclosure «
17
Apr 2012
Apr 2012
The simple answer is…more than meets the eye. Let’s backtrack a bit. In February the Big 5 banks: Bank of America, JPMorgan Chase, Citibank, Wells Fargo and Ally Financial (formerly known as GMAC) got a slap on the wrist and a $25 Billion dip in their rather deep pockets for their part in the Robo-signing [...]
19
Mar 2012
Mar 2012
Ok, maybe short sales won’t save the planet (does that mean that I don’t really need to finish designing my superhero outfit for Captain Short Sale, or maybe The Mighty Short Sale Warrior? I was kind of digging the yellow cape). Anyway, short sales may not stop a speeding train or fix our banking system [...]
31
Jan 2012
Jan 2012
10% of the amount owed: As we all know the land of short sales is anything but settled. Even after three years of doing this full time there always seems to be something new coming or going…like unsecured promissory notes or confession of judgments. Over the summer all of the investors and servicers for [...]
30
Dec 2011
Dec 2011
NORTH CAROLINA SHORT SALE ADDENDUM. The North Carolina Short Sale Addendum to the Offer to Purchase and Contract states: “Buyer and Seller understand that additional offers may be received by the Seller’s Agent, which must be presented to the Seller pursuant to North Carolina law. Such offers may be accepted by the Seller as backup [...]
23
Sep 2011
Sep 2011
The mantra for a Buyer should be WHAT IS THE FASTEST WAY TO GET MY OFFER APPROVED AND THIS SHORT SALE CLOSED. There is a long track of hurdles to get over between the offer and closing. That list includes: 1) document collection; 2) package compilation and submission (sometimes multiple times); 3) document review and [...]
10
Dec 2010
Dec 2010
MERRY CHRISTMAS AND A HAPPY NEW YEAR?
No Foreclosures Over the Holidays
Source: CNNMoney, Les Christie (12/03/2010)
Fannie Mae and Freddie Mac are freezing all foreclosure evictions on the mortgage loans they own or back from Dec. 20 through Jan. 3.
“If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater measure of certainty to families during the holidays,” says Anthony Renzi, executive vice president of single family portfolio management at Freddie Mac.
Most of the large banks, including Bank of America, J.P. Morgan Chase, and Wells Fargo, already observe a moratorium through the New Year, unless [ ... ]
Category: Short Sale News
Tags: Aviara, Avoid Foreclosure, Bressi Ranch, Carlsbad, Dana Point, Del Mar, Encinitas, Fallbrook, Fannie May, freddie mac, La Jolla, Laguna Niguel, Murrieta, no foreclosures over the holidays, North San Diego County, Oceanside, problems with mortgage payments, Rancho Santa Fe, San Clemente, San Elijo, San Marcos, South Orange County, South Riverside County, Stop Foreclosure, Talega, Temecula, The Reserve, Vista
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30
Nov 2010
Nov 2010
Back to Basics with Short Sales
What is a short sale?
When can you do a Short Sale?
What is a good hardship?
Category: Michael-Edward Cruz, Short Sale News
Tags: Aviara, Avoid Foreclosure, bressi, can I short sale my home, Carlsbad Real Estate, how to short sale, I need help with a short sale, no equity, san diego short sale help, Short Sale Experts, short sale specialist, short sales, Stop Foreclosure, what do I need to qualify for a short sale, what is a short sale, why short sale
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22
Nov 2010
Nov 2010
STOP FORECLOSURE! GET INFORMATION FREE
Are you in foreclosure? Do you want to know your options but don’t want swim with the sharks?
This website may have the information you need to help you save your home. FANNIE MAY WEBSITE
If keeping your home is not an option and you need to short sale, then call us. We are certified with two major short sale designations ( CDPE and PSC ) and have invested a lot of time and money in our education in order to help you get your short sale approved.
Call now to see if [ ... ]
16
Sep 2010
Sep 2010
Category: Banks
Tags: Alternatives to Foreclosure, Alternatives to Foreclosure Avoid Foreclosure Buy Short Sale Carlsbad Short Sale Experts Dana Point Short Sale Experts Expert Free Consultation for Short Sale Free Foreclosure Avoidance Free Short Sal, Avoid Foreclosure, Buy Short Sale, Carlsbad, Carlsbad Short Sale Experts, Expert, Free Consultation for Short Sale, Free Foreclosure Avoidance, San Clemente Short Sale Experts, Sell my home, Top Real Estate Agent in
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02
Aug 2010
Aug 2010
We are proud to provide the following…
Supplemental Directive 09-09 November 30, 2009
Introduction of Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure
CLICK HERE TO DOWNLOAD YOUR FREE COPY
Michael-Edward Cruz
California Real Estate Broker
01758933
02
Aug 2010
Aug 2010
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26
Jun 2010
Jun 2010
HOPE!
wikipedia defines hope as:
“A belief in a positive outcome related to events and circumstances in one’s life. Hope is a feeling that something desired may happen, when the outlook may or may not warrant it.”
When I traded stocks I was taught that four letter words hurt you as a trader more than they helped you. The main bad words were FEAR and HOPE.
FEAR kept you from fully maximizing on your trades and HOPE kept you in them long enough to pay the hefty price.
Now as a Real Estate Broker I meet people who are in [ ... ]
Category: Uncategorized
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Bank of America, Banks, Carlsbad, Carlsbad Short Sale Experts, Citi bank, credit cards, Dana Point Short Sale Experts, Expert Real Estate Services, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, hell, Laguna Niguel Short Sale Experts, loan mofidication, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Real Estate Expert, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Save my credit, Sell my home, Short Sale, Short Sale Experts, shortsale, Temecula Short Sale Experts, Top Real Estate Agent in, Troy Huerta 0
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19
May 2010
May 2010
For what you pay for (or are not paying) on small home, you could rent a mini mansionExample: This home is in San Bernardino County the mortgage is 399,000. With a 7 % interest rate the payment is about$ 2654.55. plus taxes and insurance $3150 per month. Its now worth about 130,000
They may never modify the loan. Even though they make you think they will. So instead, why not short sale your home and rent a nicer home?
Obviously if your not paying your mortgage their is a good reason. The point I am trying to make is you have [ ... ]
Category: Michael-Edward Cruz, Orange County, Riverside County, San Clemente Talega, San Diego County, Short Sale News, Temecula
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Bank of America, Banks, Carlsbad Short Sale Experts, Citi bank, credit cards, Dana Point Short Sale Experts, Expert Real Estate Services, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, hell, Laguna Niguel Short Sale Experts, loan mofidication, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Real Estate Expert, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Save my credit, Sell my home, Short Sale Experts, Temecula Short Sale Experts, Top Real Estate Agent in, Troy Huerta
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01
Mar 2010
Mar 2010
What type of sales dominate the Temecula Redhawk market?
See below
If you need a Real Estate Team that understands the market, give us a call.
Michael-Edward Cruz
Broker Lic 01758933
951-572-2789
760-689-BANK (2265)
Category: Michael-Edward Cruz, Riverside County, Temecula
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Bank of America, Banks, Carlsbad Short Sale Experts, Citi bank, credit cards, Dana Point Short Sale Experts, Expert Real Estate Services, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, hell, Laguna Niguel Short Sale Experts, loan mofidication, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Real Estate Expert, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Save my credit, Sell my home, Short Sale Experts, Temecula Short Sale Experts, Top Real Estate Agent in, Troy Huerta
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17
Feb 2010
Feb 2010
by Michael-Edward Cruz – California Real Estate Broker 951-572-2789
I found a promising article detailing how some lenders are beginning to shift their focus from foreclosure to short sales. Unfortunately I could not link to it on my blog due to copyright laws.
Some Lenders are now considering short sales as a real solution. AFTER the mass foreclosures in 2007 – 2008, AFTER the disaster in modifications in 2009, they might finally be listening to us.
I can’t really complain though. Before I worked for this team lead by Troy Huerta, 2 out 3 of my deals foreclosed! I was a typical [ ... ]
Category: Banks, February 2010 Short Sale News, Short Sale News
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Bank of America, Banks, Carlsbad Short Sale Experts, Citi bank, credit cards, Dana Point Short Sale Experts, Expert Real Estate Services, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, hell, Laguna Niguel Short Sale Experts, loan mofidication, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Real Estate Expert, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Save my credit, Sell my home, Short Sale Experts, Temecula Short Sale Experts, Top Real Estate Agent in, Troy Huerta
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13
Feb 2010
Feb 2010
from pablos77 at msn.com forum
They posted the following
” I started to get a mod from Citi in March of 09. The first two slimes told me that if I was current on the payments they wouldn’t work with me. I couldn’t believe they would tell me that so after the first one I recorded all my calls. The second time I talked to the 2nd slime that I had originally talked to she said she would NEVER have told me not to stop my payments and the best way to avoid foreclosure was to get caught up [ ... ]
Category: Banks, Loan Modification
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Bank of America, Banks, Carlsbad Short Sale Experts, Citi bank, credit cards, Dana Point Short Sale Experts, Expert Real Estate Services, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, hell, Laguna Niguel Short Sale Experts, loan mofidication, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Real Estate Expert, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Save my credit, Sell my home, Short Sale Experts, Temecula Short Sale Experts, Top Real Estate Agent in, Troy Huerta
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13
Feb 2010
Feb 2010
With Banks coming out on top with the bail out money, making BILLIONS on ridiculous overdraft fees that hurt those weakest to fight back and being able to make a double profit on foreclosure by buying other banks bad debt cheaper then getting government money……
You would think that they would at least stick to foreclosing on homes they owned.
The story below shows the power and arrogance that is Wall Street Bankers.
Bank of America Forecloses on the Wrong house AGAIN
If you or someone you know is in danger of losing [ ... ]
Category: Uncategorized
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Bank of America, Banks, Carlsbad Short Sale Experts, credit cards, Dana Point Short Sale Experts, Expert Real Estate Services, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, Laguna Niguel Short Sale Experts, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Real Estate Expert, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Save my credit, Sell my home, Short Sale Experts, Temecula Short Sale Experts, Top Real Estate Agent in, Troy Huerta
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04
Feb 2010
Feb 2010
Parent workshop to be held in Temecula
The Press-Enterprise
The Temecula Valley Council PTA will sponsor a free, two-part, workshop on creating school-family-community partnerships from 10 a.m. to 1 p.m. Tuesday and Feb. 23.
The workshop will include information on parent information resource centers, ways parents can get involved in schools and other topics.
The workshop is open to parents from any Temecula Valley Unified School District campus, but seating is limited and reservations are required. The sessions will be in the community room at the Temecula Public Library, 30600 Pauba Road.
Information: council President Jeannie Hardy, 951-694-5655, orinfo@tvcpta.org.
If you or [ ... ]
Category: Temecula
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Buy Short Sale, Carlsbad Short Sale Experts, Dana Point Short Sale Experts, Expert, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, Laguna Niguel Short Sale Experts, Michael-Edward Cruz, Murrieta Short Sale Experts, no equity, Oceanside Short Sale Experts, Redhawk Short Sale Experts, Sale, San Clemente Short Sale Experts, Sell my home, Short, Short Sale Experts, Temecula Community News, Temecula Real Estate, Temecula Schools, Temecula Short Sale Experts, Troy Huerta
One Comment
28
Jan 2010
Jan 2010
Michael-Edward Cruz and Troy Huerta agree that Short Sale transactions will see an uptrend in 2010. Michael specializes in working with short sales South Orange County as well as communities in South Riverside County like Redhawk in Temecula California. Troy works with clients in North San Diego communities such as Carlsbad, Vista, Oceanside and San Marcos.
They are working the short sale market and giving homeowners options to avoid foreclosure. They do not charge any ridiculous “fees” to get your process started. With a high success rate, they are looking for sales that can be completed. To find out if you [ ... ]
Category: January 2010 Short Sale Info
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Buy Short Sale, Carlsbad Short Sale Experts, Dana Point Short Sale Experts, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, Laguna Niguel Short Sale Experts, Michael-Edward Cruz, Murrieta Short Sale Experts, no equity, Oceanside Short Sale Experts, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Sell my home, Short Sale, Short Sale Experts, Temecula Short Sale Experts, Troy Huerta
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29
Dec 2009
Dec 2009
by Michael-Edward Cruz, California Real Estate Broker.
Have you heard? The government is trying to motivate lenders to avoid foreclosure.
According to statistics the sister program HAMP has been able to help about 9% of homeowners in trouble. Yes I said 9%, I think the average Realtor has been able to short sale about 20% without the extra help.
We have been able to close about 95% of our short sales because we understand the process. And in my case 95% was never a number I thought was even possible. It took hard work and perseverance but I made it.
I believe short sales have been an [ ... ]
Category: December 2009 Short Sale News, Short Sale News
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Buy Short Sale, Carlsbad Short Sale Experts, Dana Point Short Sale Experts, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, Laguna Niguel Short Sale Experts, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Short Sale Experts, Temecula Short Sale Experts, Troy Huerta
3 Comments
28
Dec 2009
Dec 2009
According to some experts 2010 is set as year of recovery, largely in part to lender participation in short sales. According the the article,
“At the start of the foreclosure crisis, she says, banks accepted about one in every 10 offerings on short sales. But as the crisis worsened, the number of short sale homes closing in escrow has improved to one in every five homes.”
“Banks realize they typically are better off to close a short transaction than go through foreclosure,”
Michael-Edward Cruz and Troy Huerta have been working on short sales transactions since day one and they have been able to work with [ ... ]
Category: December 2009 Short Sale News, Short Sale News
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Buy Short Sale, Carlsbad Short Sale Experts, Dana Point Short Sale Experts, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, Laguna Niguel Short Sale Experts, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Short Sale Experts, Temecula Short Sale Experts, Troy Huerta
One Comment
23
Dec 2009
Dec 2009
We have been working for years trying to convince lenders that it was in there best interest to accept short sales. We have saved many people from the damaging affects of foreclosure on the record. If lenders do take a more proactive approach to short sales then we will be able to help more people than ever before.
Michael-Edward Cruz
Short Sale Broker
Southern California
951-572-2789
michael@usbrinc.com
Category: December 2009 Short Sale News, Short Sale News
Tags: Alternatives to Foreclosure, Avoid Foreclosure, Buy Short Sale, Carlsbad Short Sale Experts, Dana Point Short Sale Experts, Free Consultation for Short Sale, Free Foreclosure Avoidance, Free Short Sale Help, Laguna Niguel Short Sale Experts, Michael-Edward Cruz, Murrieta Short Sale Experts, Oceanside Short Sale Experts, Redhawk Short Sale Experts, San Clemente Short Sale Experts, Short Sale Experts, Temecula Short Sale Experts, Troy Huerta
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