Short Sale Success With Midland Mortgage

Posted on Jan 13, 2013 in Roseville and Sacramento Short Sale FAQs

Hi, this is Mark Peek, your short sale specialist in Roseville and Sacramento; thanks for joining me today on my short sale blog. I wanted to tell you about a short sale approval we just received from Midland Mortgage. The borrower had relocated across the country, tried really hard to rent the property but was still unable to make things work. Their income was cut dramatically and they had other things going on in their lives that was making this a difficult decision for them. The bottom line though was that they couldn’t continue to make payments on this property because they were taking a loss every month.

In this case, we got the short sale approved, but when we first looked at doing the short sale with Midland Mortgage, we noticed their reviews aren’t very good. In fact, our initial contact with them wasn’t the best experience, but we reached out to some of the higher up people there to get some of our short sale issues resolved. The people in the higher up positions do care and they did make sure that this short sale got the proper attention that it needed.

If you’re having difficulties or are considering a short sale with Midland Mortgage, please give me a call because I would love to help. Also, if you are interested in learning what your property value is, or if you want to know whether it’s financially better for you to do a short sale or stay in your home, check out the Short Sale Calculator on my website. If you enter in some of your basic mortgage information, it will email you a report outlining how much time and money it will take for your home to become an asset again. From this, you can determine whether a short sale is going to be the better choice for your family. Again, I’m Mark Peek, short sale specialist and I’m here to help you.

Read More

No Documents No Problem For A Recent Chase Bank Short Sale

Posted on Jan 9, 2013 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek and I am your Keller Williams short sale specialist for the Roseville and Sacramento area. I work with distressed property owners in the neighborhoods of Roseville and Sacramento every day to help find the best alternatives to foreclosure and use this blog to share my experiences. If you are currently behind on your mortgage or simply need to sell your distressed property fast take a minute to browse through my website or call me directly to learn about all of the options for you.

In my blog today I wanted to talk with Roseville and Sacramento homeowners about a recent Chase Bank short sale that I closed which was rather unique. In this particular case my client was someone who had been unemployed for years and also did not have a bank account. Most Roseville and Sacramento short sales require numerous pay stubs, bank statements, and tax returns but given this person did not have any of these we essentially completed a no document short sale. Chase used the small amount of paperwork that we acquired and given the information on this property was able to approve a short sale rather quickly without a mountain of paperwork. I thought this was important to share because there may be some Roseville and Sacramento homeowners who are in this same situation and assume they cannot short sale. It is possible in this situation that your bank will ask for a letter of explanation but it is not always a deciding factor. If you have an underwater mortgage with Chase Bank please reach out to me with any questions you have.

You can reach me by filling out a contact form on my website or calling my office directly to chat with an experienced agent about your options. On my website you can also find my Short Or Stay Calculator that can help you determine if a short sale is right for you. Thank you for your time today and I look forward to hearing from you soon at Keller Williams Realty in Roseville and Sacramento.

Read More

Underwater Mortgages Affecting Average Joes and Celebrities Alike, You Are Not Alone

Posted on Oct 4, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek with Keller Williams Realty in the Roseville and Sacramento area thank you for your time today. I work with distressed property owners in the Roseville and Sacramento region every day to help them find their best alternative to foreclosure and use this blog to share that information with you. If your mortgage is underwater or if you are struggling to make your payment every month please take a minute to browse my website or call me directly to learn about all of your real estate options.

For my blog today I wanted to talk with Roseville and Sacramento homeowners about the difficult decision to complete a short sale and hopefully provide some reassurance when making this tough decision. Having lived in the Roseville and Sacramento area for a long time I have seen numerous homeowners, whether people in my neighborhood or big time Hollywood celebrities, have to go through a foreclosure or be able to save them self through the short sale process. This includes big time actors and athletes such as Bert Reynolds, David Cassidy, and JaMarcus Russell and just goes to show that everyone has been affected by this weakened housing market. Even if your mortgage is underwater by forty or fifty percent a short sale is still a possibility and it is never to early to consider one. Hopefully this information has provide you some comfort in that this is a national problem that affects numerous homeowners.

If you are ready to sell your distressed Roseville and Sacramento property and are considering a short sale please fill out a contact form on my website or call me directly to learn what your options are. On my website you can also try our Short Or Stay Calculator which will help you determine if a short sale is right for you. Thank you for your time today and I look forward to hearing from you soon.

Read More

Will My Credit Union Allow Me To Short Sale My Property?

Posted on Aug 22, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek with Keller Williams Realty, your Roseville and Sacramento short sale specialist, thank you for your time today. I work with distressed property owners in the Roseville and Sacramento area every day and use this blog to keep homeowners up to date on their options for avoiding foreclosure. If your mortgage is underwater or you are already considering a short sale take a minute to browse my website to learn more about your options or to start your file today.

In my blog today I wanted to talk with Roseville and Sacramento homeowners who have their mortgage through a credit union about the option of a short sale. A credit union is unique in that the members of the union are considering the investors on your loan but I have still been able to get short sales approved. A credit union will normally be more stringent with their short sale guidelines and may also take their time reviewing your file to ensure a short sale is necessary. While I have not attempted one I assume Roseville and Sacramento homeowners who may be nearing default may have problems completing a credit union short sale. This means if you are still current on your payments but foresee an event in the near future that will cause you to miss payments a credit union will likely deny your short sale. In the end a Roseville and Sacramento credit union is just like any other bank in that they want to lose as little money as possible on your home and will consider a short sale if this is the case.

So if you have an upside down mortgage through a credit union and want to start your short sale today call or e-mail me to learn more. Thank you for your time today and I hope to hear from you soon at Keller Williams Realty here in Roseville and Sacramento.

Read More