The reason things are put into writing is to avoid he said, she said confusion. You have confusion because nothing is in writing spelling it all out. If you had a lease the new owner would have to honor it until it expired. I think you will have to go.... more
You'll need to check your original lease agreement. Your terms generally stay the same with the onset of a new owner, meaning that in this case the new owner would not need to give you an additional notice to move.
Your lease agreement may say something different. So please review agreement and speak to legal counsel with specific questions.... more
With a short sale, your lender is looking for your inability to pay due to a financial hardship. You would need to be able to prove that you can no longer afford the mortgage. I don't believe that your additional properties would be taken into consideration. I could be wrong. However, I speak from my own personal short sale experiences. I have helped clients short sale investment properties because they were able to prove financial hardship - something in their financials had changed from the time the borrowers first qualified for the loan to current.
Ultimately the decision is your lender's (the investor's). My advice, if you can prove hardship, is to give it a try. You have a 50/50 chance.
Hope that helps.
Keisha Mathews, REALTOR®
CDPE®, HRC®, HAFA® Certified
"SAR Masters Club Member 2012"
Mathews & Co. Realty Group
@ Century 21 Landmark Network
(916) 370-1803 cell
lic#: 01439130... more
Be aware Truila DOES NOT GET DATA FROM THE MLS. In their own words here's the scoop:
"Trulia receives this listing from ListHub, a third party listing provider. As part of Trulia's syndication agreement with ListHub, Trulia has agreed to limit data edits on core fields (e.g. price and status) specified by ListHub.
Data integrity is all about....hmmmm,,,,there is none! The data is folded, spindled, stapled and mutilated as they see fit. One would be well advised to understand, the business objective is to sell advertising to real estate agents, mortgage brokers, and insurance providers. Often that involves the ability to restore the original content.
Your mission, should you choose to accept it, is to advise/inform/guide citizens to realize aggregate websites like Zillow and Trulia are for entertainment purposes, not for serious buyers or sellers seeking actionable data. Those who are uninformed willl pursue the illusion of homes for sale and the vapors of homes sold long ago.... more
She should list with somebody who specializes in selling mobile homes in Placerville. You might try calling the Lyon Placerville office: 530 295 4444. They are open on the weekends.
Lyon Real Estate... more
Organize a neighborhood clean-up day! Seriously. There might be people on your street who are not strong enough or don't have the tools to spruce up their yards. They might be willing to accept your help. Let them know that you are not being altruistic, or charitable, that the few hours of weeding, mowing and trash hauling that you are paying the high school kids is hoped to result in a sale price that will pay you back for that work, and that they are doing you a favor by letting you refresh their houses curb appeal.
Of course you want your own home to have good curb appeal too. it helps if the whole street looks nice.... more
I've dealt with BofA in multiple transactions. They are actually a great bank to deal with in a short sale scenario. Their entire system is online, which means quick communication and no losing documents. I used to negotiate short sales on my own, but now I employ a short sale negotiator to get the job done. Her entire job is negotiating short sales. She has a fantastic record getting them approved, is very knowledgeable, and has been doing it for over 3 years exclusively. I sell homes throughout Sacramento and El Dorado counties, and would love to share how I can help you. You can call me at 530-503-5225 or email me at Morgan@TeamAldrich.com. Thanks Sarah! Looking forward to hearing from you.... more
I work with a bunch of investors. They are everywhere... People that have a few extra bucks are becoming investors and taking avantage of the market. Some are looking for fixers, some are looking for properties that will bring in a nice income. I even have one that is looking for a condo for their inlaws.
Strangely enough, most of my investors are Northern california based. So I have the opportunity to put a name with a face.
Let me know. I would be happy to help.
Century 21 - Noel David Realty
Richard, I would assume that it is price. Priced to sell, so the property would be priced at least 10% below market or lower! Give them a call and interview them and then another broker and see for yourself what the difference is.... more
Buyers love to see homes that are maintained, clean, and some with furnishings are a plus too.
If the home is kept clean, landscaping done weekly, and availability is fairly open..You will have no problem selling the home.
You may want to give the renter a discount on their rent or some kind of incentive if they uphold their portion of the agreement. Making your home available at all hours of the day, weekend, and evening is no small task.
Good luck with your home sale!... more
Contact a commercial real estate company and find out if there is a way to get your listing on their radar. Maybe ask around title companies too! See if they are working with any cash buyers looking for an investment such as yours.
Good Luck!... more
Hi Jenny. I am not sure there are too many poultry farms that could have sold for anybody to have significant experience. I think a short sale for a poultry farm won't be any different as far as the actual short sale part is concerned (i.e., the negotiation with the lenders). I would think the marketing will be different and also the financing part for the buyer as this is maybe one of those working farm challenges. I would focus on finding a loan agent who can evaluate the financing option for a buyer as there won't be a successful short sale without financing that crosses all the Ts and dots all the Is. That's just my take on this.
DRE # 01326917
Ferdig Real Estate Solutions
Great question. The first question is whether or not it will even be reported. Here is why:
1.) The short sale approval can be negotiated with some lenders to consider the note "paid in full". Therefore there would be nothing but a positive credit reporting on that account. This possibility is very dependent on whether there is only 1 loan (if there are 2 - both have to state "paid in full") , whether it was occupied as a primary residence, and whether the loan is a non-recourse loan (purchase money without any re-finance or equity line).
2.) Your credit can be affected by late/missed payments related to the short sale. This is normally the more damaging report on credit for a home owner under water on their mortgage.
If there is a negative reporting either through late/missed payments, or the actual short sale, work with your agent or attorney to negotiate the short sale approval to lessen this report. It doesn't always work but is very much worth the try.
The specific amount of time your credit will be affected will be dependent on long it will take to work the negative hits reported. Work with a credit counselor to help you recover your score.
Check out this web site for some great answers on repairing credit. (This is not an endorsement simply a source of information.)
Hope that helps.