Trying to do a Short Sale with Wells Fargo? If you are a distressed homeowner, know that being allowed extra time to complete the complicated short sale process is not going to happen. This means you'd better have a pretty sharp real estate agent specializing in short sales to guide your short sa
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10/06/2010
Post-Foreclosure Protection for Tenants: Commencing January 1, 2011, a notice to terminate a residential tenant who remains after a foreclosure sale must generally include a statutory notice of the tenant's rights. This requirement, which sunsets on January 1, 2013, applies to an immediate succ
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10/05/2010
No Short Sale Deficiencies: Starting January 1, 2011, a seller's first trust deed lender cannot obtain a deficiency judgment against the seller after a short sale. Providing written consent to a short sale shall obligate the first trust deed lender to accept the sales proceeds as full payment a
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10/05/2010
At their June meeting, the Santa Cruz County Board of Supervisors, at the request of a memorandum from John Leopold, directed the Planning Department to draft an ordinance regulating vacation rentals in residential areas. According to Leopold's memorandum, vacation rentals have "caused growing pr
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09/30/2010
It appears that we will see some greater support in the form of actual Short Sale Laws from our government...Limiting the time a bank can respond to a short sale request from it's borrowers in the Santa Cruz County Short Sale market... New Short Sale Bill Submitted to Congress can help Santa Cruz
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09/29/2010
Has anyone actually been a part of the Bank of America New Short Sale Program that came on AUG 7th? Aug 07, 2010 we were all told of a new program and I have been trying to get on this program, and nobody at BofA even will tell me what is going on. - Details that Bank Of America has begun a n
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09/29/2010
If you are buying a Short Sale in the Santa Cruz County you need caculate the closing cost and budget them into your deal. It is said that coming up with the cash is the most daunting challenge to buying a home. When a homebuyer thinks about the cash required, he or she often only thinks about th
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09/25/2010
I have two Santa Cruz County short sale clients who havr a tenant in the property. One Santa Ccuz short sale client is facing the short sale and foreclosure because they had deadbeat none-paying tenant which poisoned their ability to pay. The other is simply stuck with accepting market rents th
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09/18/2010
Buyer's Agents often fail to protect their buyers offer by NOT including something in writing in their Purchase Offer that insures them that offer will be given the best chance. Seller has accepted an offer and it has been forwarded to the lenders for approval. The waiting game begins for said ap
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09/12/2010
It is great to live in Santa Cruz County, Capitola is everyones favorite city!!! Last weekend almost 30,000 onlookers enjoyed their Labor Day weekend at the begonia covered barges floated down Soquel Creek to the Lagoon with great views from the Stockton Bridge, Cliff Avenue and Wharf Road. Th
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09/11/2010
