Israel Gonzalez's (ighomesdotcom) Blog

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Real Estate Agent - Beale Properties
RECENT BLOG POSTS
Hollister CA – Many lenders ask for a promissory note on short sales. This is especially true if the lender has Private Mortgage Insurance (also called PMI) that has to approve the short sale. The PMI companies know homeowners will do anything to protect their credit when they're short selling th...
05/09/2012
Hollister CA – Another common type of loan that does not usually have a deficiency is a “Sliced and Diced” loan. A “Sliced and Diced” loan is a loan that has been securitized along with a bundle of other loans. Here is how that happens. John gets a loan from ABC Bank. ABC Bank is running out of m...
05/08/2012
Hollister CA – Another common type of loan that does not usually have a deficiency is a USDA loan. The USDA loan program was created to make it easier for people who lived in rural areas to buy their own homes. Click here to discover how other sellers successfully executed a short sale and avoide...
05/07/2012
Hollister CA – Another common type of loan that does not usually have a deficiency is a VA loan. But how do you determine whether or not you have a VA loan? Click here to discover how other sellers successfully executed a short sale and avoided foreclosure. On your original mortgage, 1-4 pages pa...
05/04/2012
Hollister CA – The next most common type of loan that does not usually have a deficiency is an FHA loan. But how do you determine whether or not you have an FHA loan? Click here to discover how other sellers successfully executed a short sale and avoided foreclosure. Here is the best way I have f...
05/03/2012
Hollister CA – Let’s talk about the most common types of loans that do not require a deficiency on a short sale. The first common loan type is a Fannie Mae or Freddie Mac loan. I’ll call them Fannie and Freddie in this post. Freddie and Fannie are different quasi-governmental entities that own mo...
05/02/2012
Hollister CA – I'm about to explain how the different types of loans impact whether or not you will have a deficiency after you short sale your house, but I first want to bust the common myth that you won’t know if you will have a deficiency until after you have started the short sale process. Cl...
05/01/2012
Hollister CA – We recently received an email from Joy. She was thinking about a short sale but was worried about a deficiency. Here is a sentence from her email: "We obviously want to get the price as close to fair market value as possible to eliminate or reduce any deficiency the bank may assess...
04/30/2012
Hollister CA – Thinking about a loan modification? If you can afford to do so, order an appraisal; alternately, do your own appraisal. Click here to discover how other sellers successfully executed a short sale and avoided foreclosure. Ask your Realtor, "Hey, what are houses in my area selling fo...
04/27/2012
Hollister CA – I received a note the other day from Andrew. He was upset that I would tell people who are upside-down on their house to ask for a principal reduction from their lender. Here is his email. Click here to discover how other sellers successfully executed a short sale and avoided forec...
04/26/2012
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Israel Gonzalez

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