Mike Watson's (mike_watson) Blog

Chula Vista CA - First, it benefits the owner of the loan. This is because they get to sell the house at today's price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold listings. All of the listings were the similar properties in similar neighborh...

Chula Vista Short Sales CA - Most people think the person they mail their mortgage payment to every month is the owner of their loan. Not so. In fact, most of the time, they are not the owner. As an example, 80% of all loans that Bank of America handles are not owned by Bank of America. Discover ...

Chula Vista CA- People often ask me, "How does a short sale work for the seller?" A short sale is usually very beneficial for the seller. Here is how the process goes. First, the seller will put the home up for sale with an agent. It will usually take a few weeks for the house to sell. During tha...

Chula Vista Short Sale: I need help, "How do I start a short sale?" Many people call my office with this question but short sales are not as scary as most people think and with the right agent short sales can be as smooth as a regular sale. Many people have told harrowing stories about short sale...

Chula Vista CA - Yes you can short sale your house if you have an FHA loan. FHA will forgive you of all the debt and does not ask for a promissory note. That is the case if you are short selling because of a legitimate hardship. Here is how the process works on an FHA short sale. Discover how oth...

Chula Vista CA - A Short Sale is an option to sell your home when you owe more than it's worth. You may have bought your home only to see it drop in value. If you want to sell and don't have enough money to cover the loss, then you need to consider a short sale. Discover how other sellers success...

Chula Vista CA - A hardship letter is one of the most important items in a short sale. This is your opportunity to explain why your lender should approve your short sale and let you walk away from the debt. In clear terms, you need to layout exactly why you can no longer afford to keep the proper...

Chula Vista CA - I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason. Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here....

Chula Vista Short Sales CA - I am following up on a question from Arman. His loan was owned by Fannie Mae and the company handling the loan for Fannie Mae was rejecting an excellent short sale offer for no reason. Discover how other sellers successfully did a short sale to avoid foreclosure by cl...

Chula Vista Short Sales CA - The Stop Foreclosure Institute recently received a question from Arman. Here is his question. I am a Seller trying to avoid foreclosure. My agent has a buyer and his offer is with the lender from last seven months. Now the lender told us that Fannie Mae investor refus...