Mike Watson's (mike_watson) Blog

Chula Vista CA - Not everyone is good at putting a hardship letter together, we received this request from Mary this week. Mary asked, "Can you help me write a good hardship letter?" A hardship letter is one of the most important items in a short sale. This is your opportunity to explain why your...

Chula Vista Short Sales. I just received a short sale approval from Wachovia in less than 21 days and the bank offered the seller $5,000 at close of escrow.Do you have a Wachovia or World Savings Mortgage? Then here is some great news if you are having trouble making your payments. Wachovia and W...

Chula Vista Short Sales CA - We often get asked if a short sale is even worth the effort. "Why don't I just let the bank have the property", sellers tell us. "I don't ever think I'll be able to fix my credit to be able to buy another house." Discover how other sellers successfully did a short sal...

Chula Vista Short Sales CA - We recently received a question from Luis here at Keller Williams Realty in Chula Vista CA. Here is Luis's Question. "I am working on a loan modification on my home. I just don't want to be upside down and want a fair interest rate. Why should I pay on a mortgage that...

Chula Vista CA - The Stop Foreclosure Institute recently received a question from Steve. Here is Chad's Question. "I own a condo in Eastlake CA. I purchased in 2007, pre-construction for $375k and have a mortgage balance of $337k. I have been trying to sell my unit for upwards of 2 years with no ...

Chula Vista CA - The Stop Foreclosure Institute recently received a question from Brent. Here is Brent's Question. "If we are not behind on our mortgage but can't sell our home through a normal sale because we don't have any equity, can we still qualify for a short sale? We would like to sell thi...

Chula Vista CA - The Stop Foreclosure Institute in Chula Vista CA recently received a question from Phil. Here is Phil's Question. "I am a California Resident but have 3 distressed Florida Properties pending foreclosure. Under Florida law a creditor cannot garnish wages. Will investor pursue defi...

Chula Vista CA - We recently received a question at our Keller Williams office from Brent. Here is Brent's Question. "If we are not behind on our mortgage but can't sell our home through a normal sale because we don't have any equity, can we still qualify for a short sale? We would like to sell t...

Chula Vista CA - The Stop Foreclosure Institute Chula Vista recently received a question from Steve. Here is Steve's Question. "I own a condo in Eastlake CA. I purchased in 2007, pre-construction for $375k and have a mortgage balance of $337k. I have been trying to sell my unit for upwards of 2 y...

Chula Vista Short Sales - If you can't afford your house payment, or are in foreclosure, then you should ask your lender for a loan modification. Many Chula Vista Homeowners are getting their loan modifications approved. However, it takes a lot of work. You may qualify for a loan modification if ...