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Neil Singerman's Blog

By Neil Singerman | Agent in 90049
  • Beverly Hills Short Sale Specialist

    Posted Under: Market Conditions in Beverly Hills, Home Selling in Beverly Hills, Foreclosure in Beverly Hills  |  September 11, 2012 11:56 AM  |  142 views  |  No comments

    Beverly Hills Short Sale Specialist

    Short Sale Specialist in Beverly Hills

    What is a real estate short sale in Beverly Hills?

    A quick sale in real estate, also commonly called a short sale, happens when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments.

    What does it take to qualify for a Beverly Hills Short sale?

    Short Sale Specialist Realtor in Beverly HillsWhile lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a Beverly Hills short sale. 

    1. Negative Equity - The proceeds from the sale of the property, after all closing costs
      are paid, are less than the amount currently owed on the property,
    2. Financial Insolvency - Financial insolvency means that the borrower has no other assets that could cover the deficiency (the difference between what is owed on the property and the proceeds from the sale)
    3. Financial hardship - Financial hardships that are acceptable do vary some from lender to lender, but the most common ones are; divorce or legal separation, loss of employment or reduction in income, job transfer or relocation, incarceration, medical emergencies or major medical expenses, death of a family member, vacant rental properties, damaged property, just to name a few.  Most lenders believe that a short sale is not for home owners who simply want to sell, but for those who have to sell. 

    Is it possible for me to get money back for completing a short sale?

    Until recent times, it was almost unheard of for a home owner to get money back in a short sale.  Things have changed for the better.  The HAFA program, backed by the US Government, allows homeowners $3,000 to use towards relocation expenses. In addition, some lenders will offer generous incentives of their own in addition to money offered through the HAFA program.  We have seen home owners get as much as $35,000 back to complete a short sale.

    Who will pay the Beverly Hills short sale Realtors® commission?

    In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your Beverly Hills short sale specialist as well. In almost all cases, a home owner in hardship will pay no out of pocket expense to complete a short sale transaction.

    How Can a Beverly Hills short sale specialist help me?

    As a Beverly Hills short sale specialist, I have helped many home owners who are in a Short Sale Realtordifficult financial season get a fresh start with a short sale.  Short sales are not part of our "basic training" as real estate agents, and are something that should only be left to those of us who are especially qualified and experienced.  Experience is everything when it comes.  I'll not only market your home in the traditional manor, but will guide you through this transition while simultaneously processing the short sale with your lender.  Visit my website for more information on the short sale process.


    Neil Singerman

    CA DRE 01097970

     Your Beverly Hills Short Sale Specialist Realtor®

    Keller Williams Realty LA/Westside

    PHONE: 310-571-5470

    NoMoneyClosing.info


  • Tipping the Scales Toward Foreclosure?

    Posted Under: Market Conditions in West Los Angeles, Home Selling in West Los Angeles, Foreclosure in West Los Angeles  |  January 11, 2012 6:48 PM  |  713 views  |  No comments

    Fear of foreclosure is a national epidemic.

    Millions of homeowners fell behind on their mortgage payments last year, and then proceeded to fall further behind every month.

    These are tough times and there are no easy answers.

    The fact is, major lenders, the federal government, and local agencies across the country have stepped up their efforts to stem the tide of foreclosures. More help is available than ever before.

    As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am knowledgeable and adept at navigating among the full range of solutions for helping financially distressed homeowners to make a fresh start.

    Looking to learn more? Check out my free report: "Tipping the Scales Toward Foreclosure? Resolve to Shed the Weight of an Unmanageable Mortgage in 2012."

    And if you, or someone you care about is looking to tip the scales back into financial solvency, contact me today for a confidential consultation!

    I have created a FREE special report at www.NoMoneyClosing.info   

    Neil Singerman DRE 01097970

    Keller WIlliams Realty Westside

    310-571-5470

  • Give Yourself and Your Family the Gift of a Fresh Start to 2012!

    Posted Under: Market Conditions in Valley Glen, Home Selling in Valley Glen, Foreclosure in Valley Glen  |  January 2, 2012 9:00 AM  |  740 views  |  No comments

    If you've spent too much of 2011 living under the dark cloud of an unaffordable house payment, you're in good company. Current estimates are that more than 25 percent of all homeowners in this country would net less on the sale of their home than the amount they owe on their mortgage, and 6.3 million homeowners are in some stage of foreclosure.

    The good news is that you have options. Helping homeowners to avoid foreclosure has actually emerged into the spotlight of as a national priority, with major banks, the Federal government and many state and local agencies offering more assistance than ever before to financially strapped homeowners.

    As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am tapped into the full scope of solutions for helping financially distressed homeowners to make a fresh start. If you'd like to learn more, I invite you to access my free report: "Mortgage Payments Weighing You Down? Give Yourself the Gift of a Fresh Start."

    Contact me today and let's get started!

    I have created a FREE special report Click Here.

    Neil Singerman DRE 01097970

    Keller WIlliams Realty Westside

    310-571-5470

  • How is the Real Estate market in Valley Glen CA?

    Posted Under: Home Buying in Valley Glen, Home Selling in Valley Glen, Foreclosure in Valley Glen  |  November 5, 2011 3:35 PM  |  828 views  |  No comments
    http://www.seeallsanfernandovalleyhomes.com/mimarket/zip/91401  Valley Glen Now really…How is the Real Estate market in Valley Glen CA? We get asked all the time, “How’s the Real Estate  market in the 91401”,and our response is, “Well, it depends. Are you looking to buy, sell, rent, or invest?” Quite frankly, it is an awesome market if you are a Buyer – interest rates are truly at an all time low.
  • What is going on in the San Fernando Valley CA Real Estate Market

    Posted Under: Home Buying in Encino, Home Selling in Encino, Foreclosure in Encino  |  May 21, 2011 12:29 PM  |  828 views  |  No comments
  • This Month In Real Estate May 2011

    Posted Under: Home Buying in Sherman Oaks, Home Selling in Sherman Oaks, Foreclosure in Sherman Oaks  |  May 6, 2011 4:32 PM  |  855 views  |  No comments




  • Cash for Short Sales

    Posted Under: Market Conditions in Encino, Home Selling in Encino, Foreclosure in Encino  |  March 7, 2011 10:48 AM  |  840 views  |  No comments
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