Recovery yes,out of the woods no.

Recovery yes,out of the woods no.

As of September 2013, 22 percent of homeowners in the Golden State still remained underwater.Despite a whopping 25 percent year-over-year jump in the median sales price of a homes in California.  That’s 1.5 million homeowners who still owe more on their mortgage than their home is worth. This down over 50 percent from where we were five years ago, according to real estate data firm PropertyRadar. An additional 420,000 homeowners had less than 10 percent equity in their homes, which means they are effectively underwater because closing costs are 6 to 10 percent of a home’s sale price. – See more at:

Short Sales for Seniors.

Short Sales for SeniorsShort Sales for Seniors.This month the bulk of my short sales have been helping client’s that are nearing their retirement. These sellers had all reached the same conclusion. They all had wonderful homes that they all loved, but could see that they had to come first,not their homes. Their homes had all taken a nose dive in value and they were all saddled with very large mortgages.The short sale was their solution that would allow them sell their homes and move on with their life.
What the short sale achieved for them was huge. They all knew that they would never see their home values returning to any where near what they owed, and with the new short sale laws they would not have to worry about the lenders seeking a deficiency judgment.Along with the short sale approvals many of them are also receiving  incentives  from their lenders for their cooperation during the short sale of $1,000 to $3,000.

I’m a senior myself and have also be through a short sale with my home.I know how to guide you through this most difficult type of real estate transaction.My service to you as your short sale agent is always at no out of pocket costs to you.

I am a certified short sale specialist and I specialize in Short Sales for Seniors.

 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 #J  Temecula Calif. 92590      951-217-6745    DRE# 01156692   Google me

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Does your Temecula Short Sale have Fannie Mae as the investor?

If your Temecula Short Sale has Fannie Mae as the investor here’s some good short sale news.

Fannie Mae is asking you to submit your short sale offer to it at the same time that you submit it to your lender that’s servicing the mortgage. By submitting your offer via the Fannie Mae web site and your lender simultaneously  you enable Fannie Mae to start taking some of the steps needed to get the short sale application processed. These steps include ordering an appraisal and broker price opinion and reaching out to the servicer to help keep the processing on track.

Avoid foreclosure and consult a Temecula Short Sale Specialist at Realty Works Temecula 951-217-6745

Contact us today for more information about the Temecula short sale process..

A short sale in Temecula,CA

A short sale in Temecula CA 
can be your best option this year if you need to sell your property.

2013 is turning out to be the best year for homeowners needing to sell their properties using the short sale process. All sorts of protections and programs have come together this year to help.

  1. Calif Homeowners Bill of Rights
  2. H.A.F.A  the US Treasury program
  3. Lender incentives to cooperate in the short sale $$
  4. Senate Bill SB458 – No Deficiency
  5.  And Realty Works Temecula where you will find the best Temecula Short Sale Agents.