Well, here is the great news. Number one, in over a hundred short sales that I’ve completed, I’ve by no means seen certainly one of my sellers go homeless. Property managers and householders which have investment or rental properties perceive what is going on on in at present’s economic system and right this moment’s market and they’ll rent you a home. Quantity , this market is continuing to slide. Prices aren’t ticking up. So even for those who owned a home or stayed in your house, chances are it is going to continue to lose value. You are going to pay for upkeep, property taxes and most definitely an overpriced mortgage. Renting proper now or leasing are great alternatives to house ownership. I’m in actual property and I consider it’s a great time to rent a home and wait and see what this market is going to do.

So please, do not let not owning a house be your massive stumbling block when you’re going by means of contemplating a short sale or foreclosure or mortgage modification. Be wary of mortgage modifications with out principle reductions. Mortgage modifications without precept reductions benefit one particular person, the bank. The bank will get all their cash and you’re nonetheless sitting in a home that’s overpriced and undervalued. It doesn’t actually make a whole lot of fiscal sense.

So if you want to talk extra about short sales , mortgage modifications, renting vs. buying, I am here to talk. You can attain me at 1-800-646-0362. My title is Jason and that’s my direct mobile phone number. Let’s have a chat, and have a fantastic day.

The Short Sale Slayer can answer your questions. We are California’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Jason Zweigle, at Short Sale Slayerz presented by the Short Sale Specialists of California

So what do you do if they will not stop calling you, they won’t stop harassing you? This is a query that we get a lot. Normally once we turn in a complete short sale bundle, they usually cease calling you. An entire short sale bundle consists of a proposal from a buyer. So, till they get an offer from a purchaser, they are going to name you day and night time, filling up your voice mail. We typically inform our clients to disregard the telephone calls or reply and tell them to speak to your actual property agent after which give them our telephone number.

Beneath the fair lending law and fair debt collection practices act. I’m going to read something that you would be able to say that may scare them and make the calls stop. When you ask them to cease, they’ve to.

Here is a prompt script that you could give them: Beneath my rights within the fair lending law, in the fair debt collection practices act, I hereby request that you cease any and all telephone calls to me and any other person. Presently I don’t wish to converse to you, anyone at your organization, or anybody representing you regarding this matter. Do not contact me by phone concerning this matter. I demand that you simply stop calling me at my home, on my cell phone, at work, at my relative’s home, or every other location. Please make any future communication with me in writing. I am aware of my rights under section 805B2, the fair debt collection practices act, and I am keen and in a position to exercise them. I am retaining track of all calls out of your company, and will contemplate recording calls.

That ought to stop them useless in their tracks. If you wish to write that down, you can do that, or you may e mail me and I am going to send you a transcript. You can maintain it by your telephone and browse it when they call.

You may as well tell them you are pursuing a short sale, they usually can call your agent. Remind them that you already know your rights below the fair debt assortment practices act. Ask them to stop calling at this point.

This is Kerri from the Bay Area Short Sale Angels, where we believe there’s nothing worse than doing nothing. We are northern California’s primary short sale team. Please give us a call today.

Northern California and The Bay Area Short Sale Angels can answer your questions. We are The Bay Area’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from a short sale realtor, Kerri Naslund, at The Bay Area Short Sale Angels presented by the Short Sale Specialists of Northern California