Mike Watson's (mike_watson) Blog

Chula Vista Short Sales CA - One of my team members here at Keller Williams Realty in Chula Vista CA recently received a question from Tamra. She is buying a home and her agent is trying to talk her out of short sales. Here is Tamra's question. "I am looking to buy a home. Some of the best priced...

Chula Vista Short Sales CA - The Stop Foreclosure Institute sometimes receives e-mails from people that short sales are impossible. Well, short sales are not impossible. They just take time. Here is an example. The Stop Foreclosure Institute was attempting a short sale on a property. The bank tur...

Chula Vista Short Sales - We have a first mortgage with EMC. Just got an approval letter on a short sale. NO language in letter that says "satisfied in full" or words to that effect. It only says "conditions for EMC's acceptance of this discounted payoff are X." blah blah. One other sentence unde...

Chula Vista Short Sale - Are you considering a short sale and looking for a good resource with helpful information?   Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Here are a selection of articles at http://chulavista-shortsales.o...

Chula Vista CA - Short Sales and foreclosures have a big impact on home values. But, how they affect them varies dramatically. Every short sale helps stabilize the housing market. The reason is because short sales sell for much more than a foreclosed property does. Most short sales have a homeown...

Chula Vista Short Sales CA - Most people are shocked to learn that 80% of all loans held by Bank of America are not owned by Bank of America. That means someone else owns those loans. A large majority of these loans are owned or insured by Uncle Sam. They own them outright thru Fannie Mae & Fredd...

Chula Vista Short Sales CA - It is very stressful to be upside down and facing foreclosure. You are worrying about everything. You find yourself thinking, "When is the bank going to kick me out? "How will I pay back that huge debt?" "When will I ever be able to stop worrying about money?" "I reme...

Chula Vista CA - Many people ask if they should do a deed-in-lieu of foreclosure and give their house back to their lender. A deed-in-lieu does have its benefits. Lenders like them because they speed up the foreclosure. Discover how other sellers successfully did a short sale and request a free c...

Chula Vista Short Sales CA - Here is another common loan modification mistake that many homeowners make. They accept a very short term payment agreement that is not a loan modification. They could have gotten a real modification, but settled for whatever the lender recommended to them. They settl...

Chula Vista Short Sales CA - A lot of people in today's lending market are stuck. They locked in their interest rate when rates were higher. Now, they are barred from refinancing because they are upside down on their house. Whenever they apply for a new loan, the first thing the lender says is, "...