California Short Sale Superstars

Information

California Short Sale Superstars

Because we're a non recourse state and our laws vary slightly.

Location: Los Angeles/City of Industry CA
Members: 166
Latest Activity: Jan 11, 2017

Discussion Forum

Cal HFA

Started by debbie rumsey. Last reply by Stephanie Yonai Oct 18, 2013. 22 Replies

Does anyone have experience dealing with Cal HFA? (California Housing Finance Agency)I am also looking for any email formats for them?Thank you!!Continue

Loan Modification Scammers? American Mortgage Group

Started by Jim Schneider. Last reply by William C. Black Sep 7, 2012. 2 Replies

I was contacted by a personal friend about a company out of California that said they could refinance her house for 3%, all they needed was $2500, could I look into it for her. Well, she sent me…Continue

AB278 Becomes Law - CA Homeowners Bill of Rights

Started by Thom Colby CA Brkr 888-391-5245. Last reply by Thom Colby CA Brkr 888-391-5245 Aug 24, 2012. 3 Replies

Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®. California Homeowner Bill of Rights Becomes LawAll eyes in the nation now turn to California as Governor Jerry Brown signed into law today…Continue

Mobile Home Short Sales

Started by Barrett Thomas. Last reply by Sherry Sims Jan 7, 2012. 1 Reply

Does anyone know the recourse on Mobile Home Loans?

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Comment by Sylvia Barry on February 5, 2012 at 10:28am

@Larry Davis - You would want to go to the property management company for the HOA and find out how to order the whole set of HOA documents for your clients.  In San Francisco North Bay (Marin and Sonoma county), it is customary for sellers to provide the whole set of HOA doc, including the HOA certs.

If you have properties in Marin/Sonoma, I'd be  happy to help.

Comment by Thom Colby CA Brkr 888-391-5245 on February 5, 2012 at 10:15am

Escrow orders an HOA Cert - sometimes, depending on the HOA and Management Company that can be done on-line (by escrow) and they get it electronically.  Another way is to look at closed sales and call the Buyer's agent and ask them what their experience was.....

Comment by Barrett Thomas on July 14, 2011 at 3:32pm

Doesn anyone know about Mobile Home Short Sales?

 

Comment by VIctor T. Gurrola on March 29, 2011 at 11:19pm

Banks forced to do Short Sales!?!?!?!?!?!?!

http://www.latimes.com/business/realestate/la-fi-foreclosure-short-...

 

 

Comment by Thom Colby CA Brkr 888-391-5245 on March 9, 2011 at 10:26pm

California REALTORS ---- This will be in all the Major newspapers tomorrow..  Thank you CAR !

http://http://www.car.org/newsstand/news/openletter/

Comment by VIctor T. Gurrola on January 31, 2011 at 11:10am

Attempting my first "Cooperative short sale" Anyone have success or in process of?

Comment by Thom Colby CA Brkr 888-391-5245 on December 14, 2010 at 10:08pm

V Turner -

Write a letter to the Lender / Fannie Mae explaining that you cannot pay the promissory note AND explain why (loss of income, medical issues, etc.)  Give it to yoru Listing Agent to send to the negotiator.  They will retract the request and you will close soon.

 

Best of luck,

 

Thom Colby

Broker

Newport Beach CA

Comment by V Turner on December 14, 2010 at 9:58pm

Please help,  I am the seller in a short sale and Fannie Mae is asking us to sign a promissory note of $10,000 on a 100% purchase loan on which we paid PMI.    I cannot afford to make payments on this. The house appraised at around $170,000 and that is what is offered by the short sale buyer.  Is this common and how do I get them to agree to the short sale without coming after me and how do I find out what language needs to be in the agreement to release me of liability.    Thanks

Comment by VIctor T. Gurrola on October 8, 2010 at 11:09am
Its now official BOA has halted Foreclosures in Califonia which was not included in the orignial halt, now its nation wide.
Comment by VIctor T. Gurrola on August 3, 2010 at 11:43pm
Anna, try spamming all the people in your drop down menu when emailing in equator with your complaint and some one will get back to you. Also if you have had a good transaction you can ask her to take over all your new files. I Currently only work with two that are Great.
 

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