Fred Sed's Blog

Follow me
By
Real Estate Agent - Fred Sed Group ~ Your Premier Southern California Realtors - CA BRE #01423187
My team and I specialize in Buyer and Seller representation in Orange County, CA for over 10 years and have helped hundreds of homeowners achieve the American Dream through meticulous detail, thorough communication, and constant education of the changing Southern California Real Estate landscape.

ARCHIVED BLOG POSTS

2009 

How much does it cost me for you to do a short sale on my house? We DO NOT charge our clients to assist them in the short sale process. We get paid directly by the lender if we our successful in completing the short sale. OUR SERVICES ARE FREE FOR ALL HOMEOWNERS!  Is my house too cheap or too exp...
06/09/2009
My Real Estate Agent doesn't know about or doesn't recommend a short sale, what do I tell him/her?  If the foreclosure process has already been started, do not let anyone stall you or delay you from taking action! The biggest mistake for a homeowner in foreclosure to make is to do NOTHING. Before...
06/09/2009
Should I accept a short sale offer from an investor? Obviously this is up to each individual, but we believe the only real reason to reject an offer is because you know that you will have a tax problem. Again, most sellers who have a short sale qualify as insolvent with the IRS and can therefore ...
06/09/2009
My house is really nice, why is the short sale offer so low? Sellers often have an emotional attachment to their home and often feel a short sale offer is too low. It is important to remember a few things. First, the seller in a short sale can never receive any money in the transaction, therefore...
06/09/2009
My house is already listed for sale on the MLS but isn't selling; can I do a short sale? Yes, you can and it is relatively common. Some lenders even require that a house be listed for sale before approving a short sale in order to show that a discount is necessary. As described in an earlier answ...
06/09/2009
Do you handle houses in my area? Our focus is in Orange County, Los Angeles, and the Inland Empire areas; however, we will consider listings in other areas of Southern California. In addition, we work with other short sale specialists in the region and can often refer your case to another Short S...
06/09/2009
Can't I just go down to my branch or mortgage broker and talk to them about reducing my mortgage? Unfortunately, things don't work that way anymore in the banking business. Once you obtain a mortgage, it typically gets bundled with other mortgages and sold to other banks or investors. Oftentimes,...
06/09/2009
12.Who owns the house after a short sale? The purchaser of the house is the owner after a short sale just as in a normal sales transaction. The mortgage lender is paid off and the previous homeowner moves to a different home.       13. What do I do about my back property taxes when I do a short s...
06/09/2009
What is "Financial Hardship" and why is it so important? "Financial Hardship" is a critical part of the short sale equation. No matter what you hear about banks "not in the business of owning real estate", etc., they DO NOT give homeowners a break easily. They require GOOD REASON to give a discou...
06/09/2009
What other options might I have at this point? When faced with a foreclosure, some things you may be able to do are:   1.Sell your home through the normal channels 2.Bring your mortgage current by making the missed payments and paying the penalties 3.Refinance your mortgage with another lender 4...
06/09/2009
Rainmaker
613,423

Fred Sed

Your Southern Cali Realtor, Why? Because Fred Se
local_phone(949) 272-0125
smartphone(949) 274-3733
Contact The Author