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During this past week alone , I have received ten new short sale requests.  As a short sale negotiator, my services are generally not required until the buyer and seller execute an Offer to Purchase. Once the offer is signed,  the buyer's agent inevitably calls me to request the seller attorney contact information so the parties can immediately execute the purchase and sale contract.  In each and every instance,  I inform the buyer's agent that it is unnecessary to sign a purchase and sale contract until we have third-party short sale approval.  Given the increased volume of short sales, coupled with  the amount of "new" agents working on these transactions, it bears mentioning why, when the proper procedures are followed, it is not necessary to sign a purchase and sale contract until third-party approval is obtained.

With regard to short sale transactions, most of the attorneys and real estate agents with whom I work prefer to execute the purchase and sale contract after having received third-party approval. That way, the attorneys don't spend time drafting and negotiating the contract if the sale never gets approved.  In order to get a firm commitment from the buyer, however, the offer usually contains an addendum requiring the buyer to remain a party to the transaction during the short sale approval period, which is typically 60 to 90 days. During the approval period, the seller agrees to refrain from accepting back-up offers.  Upon signing the offer, the buyer generally places a 1%  deposit,  or at least enough money to ensure the buyer will remain a party to the transaction. In consideration of the seller no longer accepting offers, if the buyer chooses to walk away during the initial short sale approval period, they lose their deposit.  If the approval period passes without third-party approval, the buyer has the right to extend. The addendum also states that, upon receipt of third- party approval, the parties have 5-7 days to execute a purchase and sale contract and collect the remaining balance of the 5% deposit. The purchase and sale contract  typically calls for the  closing to occur 30 days from receipt of written short sale approval.

While every short sale transaction is different, most lenders only require a signed offer to purchase in order to consider a short sale request. As a result, if you are able to eliminate the 7-10 days it typically takes to get a purchase and sale contract drafted and agreed upon, you are one week closer to receiving short sale approval. As a real estate agent, you can now focus your efforts on getting new listings and more signed offers. Keep in mind, I always require the buyer to conduct a property inspection, or waive their right to do so, prior to submitting the offer to the short sale lender. The reason being, if the offer is submitted subject to a property inspection, the short sale lender will not allow for a price change due to any property condition issues revealed by the home inspection. Thus, if a buyer objects to spending $300-400 dollars on an inspection prior to submitting the offer to the lender, they probably aren't the right buyer for your short sale. I would rather find this out at the offer stage, instead of 60 days down the road after having spent many hours negotiating the short sale with the lender.

If you are a real estate professional currently working on short sales, contact us today if you need assistance with your short sale offer addendum.

About the Author: Greater Boston Short Sales, LLC (GBSS) is Massachusetts’ leading short sale negotiator. GBSS assists homeowners, Realtors and attorneys with getting their short sales closed. Contact us today if you are a homeowner facing foreclosure or a Realtor seeking assistance with a short sale transaction. GBSS is a MARS provider. Please read our disclaimer HERE.

In a nutshell, FIRPTA requires the closing agent or buyer to withhold 10% of the amount realized (usually the purchase price) to ensure that the tax due on the sale is given to the IRS. Basically the IRS doesn't want the money leaving the U.S. until they get theirs.

So how does this affect a Short Sale for a foreign investor? To answer this try submitting a preliminary HUD to a Short Sale lender where 10% of the purchase price is being deducted from the lender's proceeds. Usually what happens is that the Short Sale lender comes back and demands that this reduction be removed.

"But Mr Lender, the IRS says we can't do that. We MUST withhold 10%!

"Then.....Mr Short Sale Broker....NO SHORT SALE FOR YOU!!"

So what do you do?

There are exceptions to the FIRPTA withholding. One is, if the sale is $300,000 or less and the purchaser is a homeowner who is going to use the property as their residence for at least 50% of the year then the closer may be able to avoid the FIRPTA withholding all together. This is certainly the easiest way to go.

Secondly, a CPA can file for a Withholding Certificate. The reality is that in a short sale the chance of the seller owing any capital gains tax is slim to none. So they have the option of filing with the IRS in advance of the closing to receive an exception. The IRS can come back stating that a lessor amount or even zero is owed. Once the Withholding Certificate is received the transaction can close with no withholding. The problem with this method is that the filing for the Withholding Certificate can't happen until there is a contract to purchase the property. The IRS could take 3-5 months to make a ruling. You'll need to keep the deal together during this time.

The third option is to get the lender to agree to the 10% withholding with the understanding that once the Withholding Certificate is received the closing agent can release the 10% to the lender. In order for this to happen the filing for the Withholding Certificate would have already needed to be done. The fact that it's been filed allows the closer to withhold the 10% without sending it to the IRS. They can hold it in escrow instead. Then there would need to be an escrow agreement between the seller, buyer and lender stating the funds (minus any tax owed) will be released to the lender.

I bet this is as clear as mud now!!

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Los Angeles CA –Wall Street Fat Cats say homeowners shouldn’t walk away from upside down
homes. Why? “If you do it, then everyone will start doing it”, they say. “It isn’t moral. People should own up to their commitments.

People should be responsible. This is more than just a contract. It’s what holds the entire economy together.” However, those same rules don’t seem to apply to the Wall Street Bankers.

Discover how other sellers successfully did a short sale and request a free consultation by clicking here.

Turns out Wall Street firm Morgan Stanley strategically defaulted on their upside down properties.

Here is the article from Bloomberg: Morgan Stanley to Give Up 5 San Francisco Towers Bought at Peak.

Here is what the article says: “Morgan Stanley, the securities firm that spent more than $8 billion on

commercial property in 2007, plans to relinquish five San Francisco office buildings to its lender
two years after purchasing them from Blackstone Group LP near the top of the market.

The bank has been negotiating an “orderly transfer” of the towers since earlier this year, Alyson Barnes, a Morgan Stanley spokeswoman, said yesterday in a telephone interview. AREA Property Partners will
take over the buildings. Barnes declined to say when the transfer will occur.

“This isn’t a default or foreclosure situation,” Barnes said. “We are going to give them the properties to get out of the loan obligation.

The Morgan Stanley buildings may have lost as much as 50 percent since the purchase, he estimated.

Morgan Stanley bought 10 San Francisco buildings in the city’s financial district as part of a $2.5 billion purchase from Blackstone Group in May 2007. The buildings were formerly owned by billionaire investor Sam Zell’s Equity Office Properties and acquired by Blackstone in its $39 billion buyout of the real estate firm earlier that year.

Morgan Stanley, based in New York, was the biggest property investor among Wall Street firms at the time of the purchase. The transaction made the company one of the largest office landlords in San Francisco, with the purchase giving the bank 3.9 million square feet of office space there.”

Pretty interesting. If an ordinary guy walks away from his upside down home, then that makes him a immoral deadbeat. “He’s working the system”, the Wall Street people say.

But, to them it’s a moral business decision. “We’re doing what’s best for our stockholders”, they say. “That’s our obligation and duty.”

Here is my question. Doesn’t a parent have an obligation to do what is best for the stockholders in their family? Let’s say that they can save hundreds of thousands of dollars in mortgage payments.

As a result, little Timmy will be able to attend college when he grows up. Isn’t it their moral obligation to do what is best for the stockholders in the family?

Thanks for reading this, Jennifer Escobar.

Jennifer Escobar is a Real Estate Agent at Qwest Real Estate.

My Website: www.JenniferEscobar.com

My Blog: www.Glendale-ShortSales.com

Los Angeles Short Sale Specialist | Los Angeles Short Sale | When to short sale in Los Angeles | Los Angeles Short Sale Taxes | Why Short Sale in Los Angeles | Los Angeles Short Sale Requirements | Los Angeles Short Sale Guidelines | How does short sale work in Los Angeles | Los Angeles Mortgage Short Sale

Helping Homeowners avoid foreclosure! I provided FREE California Loan Modification Help and Short Sale Assistance for distressed homeowners!

Los Angeles, CA - Banks must hate Strategic Defaults. A person who walks away from hundreds of thousands of dollars in mortgage debt gets on their nerves!

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

It must bug them so bad that Fair Isaac, the founder of the FICO score, came out with a program that tracks strategic defaults. Here is the story according to Inman News:

Fair Isaac, developer of the ubiquitous FICO score, has a new warning for homeowners plotting a strategic default or walkaway: We can now spot you in advance. We’ve developed a black-box risk-identification tool that enables lenders and mortgage servicers to tag you months in advance — and then pursue their own strategic measures to intervene.

The tool is so effective, according to FICO, that it can “capture nearly 67 percent of strategic defaulters” who are otherwise unremarkable and undetectable, paying their mortgages on time.

Sound a little spooky? Not for the major lenders who are working with FICO to install the new statistical risk-scoring model, aimed at some of the costliest and most perplexing defaulters in the marketplace: people who just stop paying on their loan abruptly, without ever previously being late, even though they have the income to pay.

Strategic walkaways are a multibillion-dollar headache to banks and investors. A study by researchers at the University of Chicago’s Booth School of Business found that during last September alone, 35 percent of mortgage defaults in the U.S. were strategic — up sharply from 26 percent in March 2009.

With an estimated 23 percent of all residential mortgages underwater as of March of this year, according to data from consulting firm CoreLogic, spotting — and dealing with — walkaways has become a high priority for the biggest banks.

Walkaways are also more than a slight concern to default risk-scoring giants like Fair Isaac and Vantage Score LLC, the joint venture created by the three national credit bureaus: Equifax, Experian and Trans Union.

Both companies have been stunned to find that the very consumers they deemed the least likely to go into default — people with 800-plus FICOs and 900-plus Vantage scores — are statistically more likely to default strategically, with no outward signs of impending payment stoppages, than the lower-scoring masses.

People with low FICO scores still default more often than high scorers, but when high scorers do default, they are far more likely to do so out of the blue. In the lowest score category (300 to 499) more than twice as many people default non-strategically — they begin missing payments over time, typically because of income declines — than strategically.

These walkaways are especially vexing to score-modeling experts like Andrew Jennings, Fair Isaac’s chief analytic officer and head of FICO Labs. “They open up new credit accounts” before stopping their mortgage payments, he told me in an interview last week. “They prepare.”

They intentionally default on their mortgages in part “because they believe it is in their best financial interest, and because they believe the consequences will be minimal,” Jennings said.

Jennings supervised Fair Isaac’s work in developing a special tool that pinpoints likely strategic defaulters while they’re still cocooning and haven’t yet revealed their intentions to lenders.

Some of the research involved examining massive samples of credit bureau data — 5 percent of all U.S. mortgage accounts — during a recent one-year period, looking for telltale clues, month by month, that would separate out strategic defaulters from ordinary defaulters.

What the project turned up, said Jennings, helped formulate the model that FICO has now created for lenders and servicers.

So what’s in the black box? Obviously the complex statistical model and exactly how it works is proprietary. But Jennings said it looks at a composite of separate risk factors from credit and real estate databases, and enables servicers to identify borrowers whose profiles match those of strategic defaulters most closely.

Some of the key characteristics include:

–How long have the borrowers owned the house? The shorter the time span, the higher the risk.

–Are they good to excellent managers of their household finances and credit relationships? Do they make modest and responsible use of credit cards and other revolving debt? Do they pay their accounts on time as a rule? Do they rarely, if ever, go over the limits on their cards — or even come close?

–Have they departed from their past credit usage patterns in recent months by opening up multiple new accounts?

–Based on local property-value indexes, is it likely that they have slipped into negative equity territory? Remember: How deeply underwater is only a moderately predictive factor. Lots of owners whose properties are worth far less than their mortgage balances do not strategically default, but keep plugging away paying every month, while borrowers who fit the FICO strategic defaulter profile may be only slightly underwater but still walk away abruptly.

By the way, location is not a key factor in the equation. FICO found that 40 percent of all strategic defaulters live in “recourse” states where lenders can — and do — pursue defaulters for any un-recovered debts following a foreclosure.

Of course, the model cannot peer into would-be walkaways’ minds and motivations. “We’re not trying to explain their psyches,” Jennings said, “but you see the patterns” and certain borrowers’ profiles light up like flashing neon signs.

The top bracket of high-risk homeowners identified by FICO’s new model are 110 times more likely to strategically default than other borrowers — even though they otherwise appear to be solid customers, according to Fair Isaac.

Armed with these risk profiles, what are banks and servicers likely to do as they scan their portfolios? Fair Isaac recommends that they intervene early with what it calls “pre-delinquent treatments.”

These include contacting high-risk borrowers to warn them about the consequences of strategic defaults: Their credit scores will tank by 150 points or more, they’ll be hampered or penalized in applications for rentals, employment, car loans or leases, and they can forget about buying another home for at least several years, possibly as long as seven.

If they live in a state that allows deficiency recoveries, servicers will probably emphasize their determination to do so in the event of any default.

Will all this work? Major banks and FICO think it should help. The jury is out at the moment, but if the early detection concept is valid, who knows?

Maybe it will cause some homeowners to think twice and discourage them from taking that first, crucial step: Secretly plotting their walkaway, months in advance.” End of Article.

This has big repercussions for anyone thinking about a strategic default. Tomorrow we’ll talk about how this affects you if you and what to do to avoid problems on a strategic default.

Thanks for reading this, Jennifer Escobar.

Jennifer Escobar is a Real Estate Agent at Qwest Real Estate.

My Website: www.JenniferEscobar.com

Los Angeles Short Sale Specialist | Los Angeles Short Sale | When to short sale in Los Angeles | Los Angeles Short Sale Taxes | Why Short Sale in Los Angeles | Los Angeles Short Sale Requirements | Los Angeles Short Sale Guidelines | How does short sale work in Los Angeles | Los Angeles Mortgage Short Sale

Ahhhhhhhhh!! The joys of working and processing short sales! Some of you Super Stars may understand the motive for today's post. Others may just be on the other end of my message. I love short sales. No, I mean I truly enjoy the art and skill necessary to do this amazing job.

I love it so much that I've begun doing it for other Realtors who either don't have the time and/or skill. I do it for FREE and I truly take great pride in what I do. However, there are days when you get hit over the head and taken for a ride in this amazing business.

So I been working a short sale with Aurora for the last three months. It's a Freddie and it's been a dooooosy. We have the second with United Guaranty who then gave it over to DCS (Another story). So after calling, working, crying (JK LOL) smiling, postponing the foreclosure sale and everything else we finally got it to a negotiator only to get a call from the Realtor to say "Hey, I started calling this week and I have APPROVAL in hand".

What...!! Now it may be my own self-conscious but I just feel like this feeling of "I got it done quicker than you". Don't get me wrong, I'm for the borrower and whatever whenever to get them to avoid foreclosure. It's just that the APPROVAL is like that Holy Grail of processing the short sale. It's like running a marathon only for them to say "hey we stopped the race, come back tomorrow".

So great job for the Realtor and borrower and I'm very happy. Once again......The joys of short sales!!

Closing was to take place 2 weeks ago.  Buyer is running short on patience.

When we pulled title, BoA showed up on the deed as the owner of the property.  How they got there no one knows.  We had the short sale approval letter from WF and informed them of the BoA situation and they escalated to the legal dept. and that's been over a week with the same lame excuse, "we're waiting for a response."

Background on the home:  It has previously been sold at foreclosure last year but foreclosure was rescinded.  The foreclosure attorney acknowledges this and says the rescinsion was never complete. More than 2 week s ago the a foreclosure attorney sent WF an affidavit so the situation could be resolved and as of yesterday, no one has acted on getting the afficavit back to the foreclosure attorney.

I just want to say hello to my fellow Short Sale Super Stars. I have been reading, absorbing and taking in all the amazing content this site provides. I love this new media movement we have at our disposal allowing us to build communities of like minded people and avoid the middle men of the old years that would prevent this type of interaction.

Way to go Wendy and Bryant for being innovative and taking a risk. Media allows us to have the power to create movements and tribes of people all dedicated to a certain outcome or shared goal. I look forward to connecting and sharing information with all of you.

Have a great day!!

Eric

I tried to disclose and I got inspections and shared findings, I tooke pictures of repairs and uploaded them to MLS, I even encouraged buyers to do their inspections while waiting for approval and offered to pay. The MLS disclosed it is a fixer-up and even sellers pointed out areas in need of repair. Then the sellers vacated residence and gave permission for buyers to see property or inspect whenever they wanted. Well here we are with are "as-is" approval after 6 months and the buyers went to do their walk through inspection and produced a 57 page repair request when the only thing needed to close at this point is the appraisal, Certified HUD and Wire. Naturally the lender won't even consider it, making reference to their approval terms. How much more could I have disclosed to these people or to anyone, without hurting my sellers?

We had a counter and an addendum to contract that clearly stated no repair request will be honored or considered.

Anyone EVER get a short sale through this bogus company???? Having no luck, and today, phone doesn't seem to be getting answered....are they still there?  

Any insight would be greatly appreciated. 

We currently have two contracts on our home. We received a counter from the bank on the first offer which includes a cash contribution from the seller for 10K. We have excellent credit but have missed one payment in April and have approximately $25K in checking. We have hardship from loss of business and medical bills, however, we have pretty stable careers now. Has anyone had an attorney negotiate down the cash contribution or has anyone tried to negotiate and the bank decided to not do the deal?

thanks so much for any advice.

HELP!!!! 

My clients have been waiting on a BofA short sale for 5 months.  This is the ONLY house they want to buy - it's perfect for their huge family and horses.  The sellers were cooperating for the first few months but then suffered a family tragedy and went MIA. 

Now, BofA has no choice but to foreclose. 

My clients are DEVASTATED at the thought of not closing on the property.  Has anyone had success in getting a bank to sell to the short sale buyers when the property goes REO??

If so, how did you do it?  Who at the bank faciliated it?  Short sale?  Or REO Department? 

It is not too often we "in the trenches" of short sale negotiations get to understand why lenders act the way they do through "behind the scenes" documentation. However a couple of months ago we did get some "lender to servicer" documentation that I thought was interesting enough to pass on to my ActiveRain readers. Note: the documentation you are about to read states in BOLD CAPITALS, "YOU MAY NOT GIVE A COPY OF THIS COVER LETTER TO THE BORROWER, THE CLOSING ATTORNEY/SETTLEMENT AGENT, REAL ESTATE BROKER, OR ANY OTHER PARTY". I would add that I am not sure how we obtained this information, but it is not the first time I have seen documentation like this.

FreddieMac is along with FreddieMac, one of the largest owners of residential mortgage paper in the country. Their procedures for processing the short sale approval should be intriguing to us that do short sales. How FreddieMac instructs its mortgage loan servicer is also important to understanding the short sale process. The document pages that follow relate to a loan that has already closed as a short sale. Some of the instructions refer to the Single Family Seller/Servicer Guide and FORM 104SF.

You will see that the documents have the "feel" of a short sale approval letter you might see from any of a number of the major loan servicers - but what you have below are the terms and conditions that the lender is giving to the servicer of the mortgage. For those that may not know, the "servicer" is the pseudo lender - they have the look and feel and touch of a lender but in fact they are only a hired agent to work as a liaison between the actual lender and the actual borrower, for which the servicer is paid a percentage of the interest received every month from the borrower as payment on the note and mortgage.

Enjoy reading. You will probably have to pause every once in a while to remind yourself that these are instructions NOT to the borrower, but to the servicer as given by the lender.

Copyright 2011 Richard P. Zaretsky, Esq.

------------------------------------

Be sure to contact your own attorney for your state laws, and always consult your own attorney on any legal decision you need to make. This article is for information purposes and is not specific advice to any one reader.

Richard Zaretsky, Esq., RICHARD P. ZARETSKY P.A. ATTORNEYS AT LAW, 1655 PALM BEACH LAKES BLVD, SUITE 900, WEST PALM BEACH, FLORIDA 33401, PHONE 561 689 6660 email: RPZ99@Florida-Counsel.com - FLORIDA BAR BOARD CERTIFIED IN REAL ESTATE LAW - We assist Brokers and Sellers with Short Sales and Modifications and Consult with Brokers and Sellers Nationwide! Shortsales@Florida-Counsel.com New Website www.Florida-Counsel.com .

See our easy to understand articles at:

http://:activerain.com/blogsview/1153345/table-of-contents-short-sale-and-loan-modification-articlesTABLE OF CONTENTS - SHORT SALE AND LOAN MODIFICATION ARTICLES

We need to fix HUD-1.  We were only given 2 weeks to close. this transaction now that it is "approved" knowing that the second hasn't been resolved because of the first REALLY BAD BEHAVIOR.  Transaction has been going on since last May with totally no cooperation and this is nothing less retribution against my client. 

Second wants 10-14 days to approve.  First has claimed in ocuments it is HAfa but has refused to provide 184 and 185 to Second to take guaranteed HAFA.  Anyone want a shot at how to fix the HUD-1?  Approval has interesting writings.  May have simple ways to resolve and I am looking for best resolution and a rope to hang the assistant.

Helping Homeowners avoid foreclosure! I provided FREE California Loan Modification Help and Short Sale Assistance for distressed homeowners!

Los Angeles, CA – I’ve seen lots of creditors/collection company's use illegal debt collection techniques and tactics to collect on unpaid bills and/or credit cards. There are Federal Laws that regulate what a debt collector can say and/or do; which is called FDCPA (The Fair Debt Collection Practices Act).

I own a Credit Repair/Credit Consultation Company, MiCredito, Inc. dba We Build Credit, and had a client of mine, we'll call her Karen, that was continuously receiving harassing phone calls from individuals at Hoffman, Weinberg & O’Brien, threatening to sue her if she did not pay the complete balance off and all at once. They would use legal terms to scare her. Sound like a law firm...? Sure it does, now imagine when they throw at you a "Case Number"! Scary, right?

Here's what company's and individuals like this are banking on...that the consumer does NOT know their rights.

We did some digging here at www.WeBuildCredit.com and found out that Hoffman, Weinberg & O’Brien is NOT a law firm...they just named the company to mimic what a legitimate law firm would be named.  This gives them a psychological advantage when trying to collect from the consumer. Furthermore, they cannot threaten to sue you and not follow suit. They cannot continue to call you after you have asked them not to in writing.

All of these actions by Hoffman, Weinberg & O’Brien are a violation of Federal Law, once again called: The Fair Debt Collection Practices Act.

If you want a list of 12 common violations and instructions on how to stop the calls, then click here and scroll down to the Right. Click on How To Stop Harassing Debt Collector Calls.

Thanks for reading this, Jennifer Escobar.

Jennifer Escobar is a Real Estate Agent at Qwest Real Estate.

My BLOG: www.Glendale-ShortSales.com

Glendale Short Sale Specialists | Burbank Short Sale Specialists | Granada Hills Short Sale Specialists | North Hollywood Short Sale Specialists | Van Nuys Short Sale Specialists | North Hills Short Sale Specialists

Jennifer Escobar Specializes in FREE California Loan Modification Help to Southern California distressed homeowner’s who are seeking FREE CA Loan Modification assistance in their pursuit of a Loan Modification in Southern California. Furthermore, Jennifer Escobar also Specializes in Short Sales and has successfully listed, marketed and successfully negotiated hundreds of short sales in Southern California. Jennifer Escobar is a Short Sale Specialist successfully negotiating short sales in Glendale, Burbank, Granada Hills, North Hollywood, Sunland, Tujunga, Sylmar, Van Nuys, Valley Village and Lake Balboa. Glendale Loan Modification Help, Glendale Short Sales, Glendale Short Sale Realtor, Short Sale Realtor. Glendale CA Short Sales. Glendale Realtor. North Hollywood Loan Modification Help, North Hollywood Short Sales, North Hollywood Short Sale Realtor, North Hollywood Realtor. Granada Hills Loan Modification Help, Granada Hills Short Sales, Granada Hills Short Sale Realtor, Granada Hills Realtor. Burbank Loan Modification Help, Burbank Short Sales, Burbank Short Sale Realtor, Burbank Realtor. Van Nuys Loan Modification Help, Van Nuys Short Sales, Van Nuys Short Sale Realtor, Van Nuys Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Jennifer Escobar, Qwest Real Estate, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer FREE California Loan Modification Assistance.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Escobar’s personal views and do not reflect the views of Qwest Real Estate.

This information on Glendale, CA Real Estate | Short Sale Specialist | Short Sales | CA Free Loan Modification – Is this debt collector breaking federal law? is provided as a courtesy to our viewers to help them make informed decisions.