Monthly Archives: July 2012

Temecula Short Sale Specialists at Realty Works.

Temecula Short Sale Specialists at Realty Works.

Temecula Certified Short Sale Expert

Temecula Short Sale Expert


This year may be the last year for Temecula & Murrieta homeowners to get a complete fresh start after a short sale transaction.
For the rest of this year (2012) when a short sale is completed on your primary residence you are protected by both state and federal law from deficiency and tax concerns.

California senate bill 458 passed last year and in a nutshell this bill will not allow a lender to go after a homeowner for any of the deficiency after  the close of a short sale.

The federal mortgage forgiveness and debt relief act of 2007 which stops the I.R.S. from going after a homeowner for the tax liability of a short sale is set to expire Dec 2012.

This leaves a short open window now to get your short sale started and completed this year. If your on the fence wondering if a short sale is the correct option for you, contact the Temecula Short Sale Specialists at Realty Works.
We will walk you through the short sale process. Call  Sidney Kutchuk the broker at Realty Works Temecula for a no cost,no pressure just the facts talk on the Temecula Short Sale process..

In a short sale the higher offer is not always the best for your short sale client.

Highest and best. The Highest Short Sale Offer is not always the best offer. $$$,$$$Aces

Today I was reviewing multiple offers on one of my Temecula Short Sale listings. I thoroughly review all offers for my clients and advise them which one to accept. One offer stood out as it was written for $15,000.00 over the listed price. That offer was not accepted. Why…..?

Well we tend to focus on price,but in a short sale were the seller nets ZERO the goal is to get them to closing before the bank forecloses on the property. So in reviewing all offers I have to strategize and select the short sale offer I think has the best chance of closing.

OK so here is why the highest offer may not be the best and I had to learn this lesson the hard way.

If you get impressed by the highest offer and submit it to the bank for short sale approval and they approve it, your safe if the offer is cash and the buyer closes. If the buyer is not a cash buyer the headaches begin.

Will the property appraise, if not, does the buyer have the funds to bridge the gap? What happens if the buyer walks and many do. Now you have to re-market and chances are the next offer or your backup will be for less.

Trying to now convince the lender that they should take a lower offer is a up hill battle and you may run out of time to recover.

Think it through and don’t focus on Highest and Best offer. In a short sale the highest offer is not always the best offer. 


Temecula Short Sale Agent, Cyber Sid at your service,Short Sale QR Code

by Sidney Kutchuk  AKA…Cyber Sid
CALL ME, 951.217-6745 cell

 41720 Winchester Rd #I  Temecula Calif. 92590      951-217-6745    DRE# 01156692   Google me


California Homeowner Bill of Rights Becomes Law

California Homeowner Bill of Rights Becomes Law.

All eyes in the nation now turn to California as Governor Jerry Brown signed into law today the Homeowner Bill of Rights to help struggling Californians keep their homes. This law aims to avoid foreclosure where possible to help stabilize California’s housing market and prevent the other negative effects of foreclosures on families, communities, and the economy.

The new law will generally prohibit lenders from engaging in dual tracking, require a single point of contact for borrowers seeking foreclosure prevention alternatives, provide borrowers with certain safeguards during the foreclosure process, and provide borrowers with the right to sue lenders for material violations of this law.

The following is a summary of the key provisions of the Homeowner Bill of Rights that may affect California’s REALTORS® and their clients. The full text of this law, also known as Assembly Bill 278 and Senate Bill 900, is available at

Source: Calif Assoc of Realtors 7/11/12


Temecula Short Sale Expert | 951-215-6745

Are you looking for a Temecula Short Sale Expert?

Murrieta Short Sale Specialist

Temecula Short Sale Expert

I know it’s hard to weed through all the Realtors who state they are short sale experts.They all want to help you through the short sale process. Once you ask  them a few questions it will be clear as who has the experience that your need to help you with this very complicated type of real estate sale.

At Realty Works Temecula we have been helping Temecula and Murrieta homeowners sell using the short sale process for over 17 years. We can make this complicated type of real estate sale look easy and with no lock box,signage or drama.Give me a call at 951-215-6745 this is my direct line and I will take the time to go over the short sale process and answer all your questions.You decide, if a short sale is the best option for you and your family.We are here to help you and we are your local real estate experts.

What does it cost? There is no out-of-pocket cost to you and in many short sales I have been able to get your lenders to offer you relocation costs of $3,000.00 I am a true Temecula Short Sale Expert,call me for your free no pressure consultation. Sidney Kutchuk broker and Short Sale Expert at Realty Works Temecula. 951-215-6745