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Location: San Diego, California, United States

I am a California, Nevada and Arizona licensed Broker. I have my MBA from Loyola University and my BS from State University of New York at Buffalo in Accounting and Business Management. After spending many years as Vice President in the Anthony Robbins Companies, I decided to share my passion for real estate with my clients. I am a Certified Residential Specialist (CRS) an Accrdited Buyers Representative (ABR), a GRI, which is the Graduate Realtor Institute (like a Master's degree in Real Estate) and a SRES which signifies that I have had additional training in issues important to seniors. I also have the e-pro designation which certifies me as internet and technology proficient and the CNHS designation as a Certified New Homes Specialist with additional construction training. I look forward to providing you unmatched service. Educated~Experienced~Enthusiastic

Monday, September 14, 2009

Short Sale help on the way

Second lien holders are refusing to take low payments and are holding up these deals in many instances. When you were approved for the second mortgage, you were told the interest rate was higher because of the increased risk.  Well now that the loans aren't turning out the way they wanted and they can't pocket all that extra interest, they are trying to make things very difficult for the short sale process.

The Obama administration is now considering extra incentives for second lienholders to get them to accept minimal settlement amounts and allow the short sales to complete.

If you have any questions on short sales or any other method to help keep your home, feel free to call me.

In the meantime, if you have a bag of money laying around, buy something now!

posted by Alan Schmitt | 9:05 AM

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