Hello everyone John Sellers here with ForeclosureSlayer.com, your Keller Williams Short Sale Specialist in Southern Oregon, thanks for checking out my blog today. I use my blog to provide valuable information to distressed property owners in Southern Oregon on their options for avoiding foreclosure. If you have questions about your mortgage or can no longer afford your monthly payments contact me today to learn more about your options.

Today I wanted to give you all an update on the short sale market in Southern Oregon. I am pleased to tell you that the number of short sale continues to rise for Southern Oregon homeowners. This is largely due to the lack of inventory causing hopeful buyers to find bargain short sale home. In fact, the current Southern Oregon real estate market is made up of nineteen percent short sales, forty percent were bank owned transactions, and only thirty nine percent were traditional sales. Bank owned and short sale properties continue to can ground in this market and homeowners continue to get out from under their distressed property. Because of this lack of inventory properties being sold through a short sale are often receiving multiple offers. This is great news for both the homeowner and lender because it will reduce the amount of debt that needs to be forgiven. If you are thinking about short selling your property now is the time.

The Southern Oregon real estate market has shifted to a sellers market and I want to help you get rid of your underwater mortgage. If you are unsure of what to do with your distressed property give me a call today to arrange a free consultation. Even if a short sale isn’t right for you we will explore all of your real estate options. I’m John Sellers with ForeclosureSlayer.com, thank you for your time and I hope to hear from you soon.

Hi, I’m John Sellers here with ForeclosureSlayer.com, where we are one of Southern Oregon’s leading short sale teams. If you are considering completing a short sale on your property, and think they are not selling, you are making a big mistake. Here in Southern Oregon we had 19.1% of closed sales were short sales from January to March. That is a huge number and it is continuing to grow and we expect it to grow even more through this year as REO’s disappear and more people realize that people will by short sales.

Some markets are very active with short sales and going to continue to be as people are upside down. When you look at distressed sales, they represent 62.8% of the market. That means of the closed transactions, 43% are bank owned, and 19.1% are short sales. That is about 37% of regular transactions.

We are also seeing our inventory continue to drop more and more each quarter. They are down 28.3%. So if you are considering short selling your property, now is the time. We still have the tax forgiveness act of 2007 that ends at the end of this year. Properties are selling so call us today at 541-646-5859. We would love to talk to you about your current situation. Again, I am John Sellers with ForeclosureSlayer.com, one of Southern Oregon’s short sale experts and we are here to help. If you would like, you can also email us any questions you might have about short sales or the short sale process and we’ll get back to you as soon as possible. Thanks a lot and have a great day.

Hi John Sellers here with ForeclosureSlayer.com at Keller William’s in Southern Oregon. We are one of the leading short sale experts in the Southern Oregon area, so I encourage you to reach out to us if you would like more information on short selling your home.

I wanted to talk to you today about Bank of America short sales, especially if it’s a Freddie Mac owned loan. Currently they are creating a very tight policy about whether they’re going to extend your auction date. If you have a Freddie Mac loan that is serviced by Bank of America and you don’t have full approval on that loan by the auction date, they won’t extend it. We just had a file recently where we only had about three weeks to get a short sale approved; I had been talking to the homeowners for about seven or eight months and when they finally decided to pursue the short sale, they only had three weeks to work with. We came within days of having full approval from Freddie Mac, but Bank of America would not extend the auction date so we were unable to get the short sale done. If you have a Bank of America loan with Freddie Mac as the investor, make sure you give yourself plenty of time to do the short sale. Don’t wait until the last minute to do a short sale because it’s extremely stressful and we want to make sure that we can get the short sale completed. They have a strict policy about not extending their auction date.

Please give us a call, send us an email or fill out the form on our website for more information about getting your Bank of America short sale completed on time. Even if you don’t have Bank of America as your lender, please reach out to us with any short sale questions that you may have.

Hi this is John Sellers with ForeclosureSlayer.com your short sale expert at Keller William’s Realty in Southern Oregon. If you are having trouble paying your mortgage or are facing foreclosure, please give us a call. We can provide you with information on alternatives to foreclosure, such as a short sale.

Do you have a Bank of America mortgage, either a first or a second, and have decided you want to do a short sale or would like to know more about a short sale? We can definitely help you, but I want to tell you that they’re changing their procedures; one of the things that’s very critical is what their authorizations look like. They do not accept a blanket authorization that realtors produce and they do not accept an older one. They have given new ones out and they are very specific.

One of the things they are specific about is that whoever is going to be negotiating the file is either a licensed realtor or a licensed negotiator, a lawyer or debt collector. Organizations can no longer just have a person negotiate the file for them, they have to know who it is they’re talking to. There are many companies out there today that might have one person signing off as the negotiator and have four or five unlicensed people working on that file. That cannot happen with Bank of America anymore; they’ve got to have licenses and they have to be registered. It has to be done correctly or it won’t get done at all.

If you have a Bank of America mortgage and would like more information on your short sale, please give us a call or send us an email. If you live in the Southern Oregon area, we’d love to help you out with your specific situation and help you short sell your home.

Hello everyone my name is Jon Sellers with ForeclosureSlayer.com, Southern Oregon’s short sale specialist, thank you for your time today. I work with Keller Williams Realty in Southern Oregon and use my blog to provide distressed property owners with valuable information on their options for avoiding foreclosure.

Today I wanted to talk about some updates to the Bank of America short sale process and what their team is doing to speed up the process. Bank of America owns and services roughly seventy percent of the mortgages in the nation and are typically the leaders when it comes to improving the short sale process. Sometimes these changes can cause problems but lately we have seen some great improvements that have helped Southern Oregon homeowners get their home sold fast. The most recent update is the news that Bank of America will be consistently processing short sales in three to four weeks. Part of speeding up the short sale process will be requesting specific documents from the homeowner and a shorter turn around for agents to submit all of this paperwork. In the past, an agent was allowed up to ten days to turn in a short sale file but going forward Bank of America is asking that all paperwork be submitted in two or three days. Thankfully our short sale system is already set up this way and we have these new documents ready and waiting for Southern Oregon homeowners.

So if you have a mortgage with Bank of America, first or second, we can help you avoid foreclosure and get your home sold today. We have the short sale experience and are already prepared to help you get a fast approval on your short sale. Thank you for your time and I hope to hear from you soon at Southern Oregon’s short sale specialists

Hello everyone my name is John Sellers with Foreclosure Slayer.com, your premiere short sale agent in Southern Oregon, thank you for your time today. My number one goal is to help distressed property owners avoid foreclosure and I use my blog to provide Southern Oregon homeowners up to date information on the ever changing real estate market. If you have questions on your mortgage please do not hesitate to stop by my website or contact me today to go over all of the options for your distressed property.

For my blog today I wanted to discuss some of the benefits of completing a short sale for those of you who may be new to the short sale process. One of the great benefits for Southern Oregon homeowners right now is the lack of inventory across the state. In years past one of the big challenges to finding a buyer for your short sale was the high amount of choices available on the housing market. When buying a short sale property it can take an extra thirty to forty days and on some occasions buyers simply did not want to wait. Even if an offer has been accepted a short sale is contingent on your bank reviewing the entire short sale before they allow the sale to be completed. Given the smaller number of homes on the market under three hundred thousand dollars we are seeing many more short sale properties selling very quickly. Another benefit is that we may be able to get a better selling price for your home due to the lack of supply.

If you are thinking about short selling your property please reach out to me today for a free no cost consultation. We can go over your unique situation and figure out what is the best real estate option for you. Thank you for your time and I hope you have a great day.

Hi, I’m John Sellers here with ForeclosureSlayer.com, Southern Oregon’s leading short sale team. If you are a buyer today and wondering what’s happening in the market, it’s actually crazy what’s happening right now. If you are under 150, we have so many transactions that are in multiple offers right now. Why is that? Well there’s a couple things one is nationally home prices are 24 below the trend line of where they normally are. In 2005-2006 they were 25-30 percent above the trend line. So there has been a traumatic drop.

The other is we are seeing historic low rates still under 4%. The factor that’s really making a difference here is there are fewer properties under 150 that are being brought out by the banks today. You’ve got the sellers who can’t afford to sell because they have no equity and you’ve got the banks that are not bringing out properties right now so what you’ve got is a very limited amount of the bank owned properties, some sellers have equity but the majority deals out there today are going to be short sales.

Well, you may have opted out of not looking at one of those before, and today you’re going to have to do that. It’s very critical that the agent you work with understands how to negotiate on a short sale whether you are a seller or working with a buyer’s agent and you’re the buyer what you are looking for. It’s one of the things that we really understand is how to work with short sales and how to work with agents to get those deals done. So it’s interesting what the market is doing. We love to see that there is positive movement in the market, prices are definitely up. It is frustrating when we see four and five offers on a property and we’ve got buyers who really want to get in. So it’s critical to be preapproved for a loan and have everything in place.

Again, I’m John Sellers with ForeclosureSlayer.com, Southern Oregon’s leading short sale team and we are here to help. Please give us a call today or send us an email. We look forward to talking to you soon. Thanks and have a great day.

Hi John Sellers here with ForeclosureSlayer.com. We are your short sales experts for the Southern Oregon area. I encourage you to explore our website if you would like information about short selling your home.

If you are short selling your property and are worried about whether or not you’ll have a deficiency judgment and if you’ll have to pay taxes, there’s something you need to be aware of. The Mortgage Debt Relief Forgiveness Act of 2007 is set to expire at the end of the year. Under normal circumstances if you’re in an owner-occupied home and you need to do a foreclosure or a short sale, if there is a difference between what you owe and what’s forgiven you will get taxed on that amount. For example, if you owed $100,000 and the bank only netted $50,000, you’ll get taxed on that other $50,000 because it is deemed as income. Because of this Mortgage Debt Relief Forgiveness Act in most cases you won’t have to pay taxes on the forgiven amount.

If you’re thinking about short selling your home, you really should get started on the process so your short sale can be completed by the end of the year. The Mortgage Forgiveness Act may get extended, however as of right now there is no talk of it. It’s important you take advantage of this because if you are writing off a large amount of money, depending on your income bracket, it could easily be thousands of dollars that are due.

If you have some questions about the tax implications, I encourage you to talk to your accountant or attorney. If you have questions about short selling your home in the Southern Oregon area, want to know what your options are and if short selling is a good choice for you, please give me a call.

Hey there everyone John Sellers here with ForeclosureSlayer.com, your short sale specialist in the state of Southern Oregon, thank you for checking out my blog today. I work with Keller Williams Realty in the Southern Oregon area and use my blog to provide valuable information to homeowners on their options for avoiding foreclosure. If your mortgage is underwater, or if you are already considering a short sale, please take a minute to browse my website for more information or contact me directly to discuss your options.

For my blog today I wanted to go over some of the differences in buying a home regularly and buying a home in a short sale. While both of these situations are fairly similar there are some important distinctions to know about. The most important thing to know is that the purchase of the home will rely solely on the bank approving the short sale. Once you submit your offer you will be looking at a sixty to one hundred day waiting period just to see if the lender will accept your offer. The Southern Oregon housing market is currently flooded with distressed homes that may be in a short sale and if you can wait that extra time it could be a big benefit for you.

If you have any questions on the short sale process, whether buying or selling, please visit my website or give me a call today. I have plenty of experience working with Southern Oregon homeowners on both sides and want to help you make the best real estate decision possible. If you are in the market to buy a home please give me a call to discuss the possibility of buying a short sale property in Southern Oregon. Thank you for your time today and I hope to hear from you soon.

Hi John Sellers here with www.ForeclosureSlayer.com in Southern Oregon. We’re here to help people in the Southern Oregon area short sell their homes and really see what other options there are to avoid foreclosure.

Some good news is coming out: in 2011 short sales actually averaged 24% more profit to the bank than a foreclosure did. We keep wondering if the bank actually looks at stuff like this and if they understand why it’s better for them to do a short sale in lieu of a foreclosure. If so, are they ever going to make it any easier to do a short sale? They have been making it easier; it’s still not perfect, but it’s a lot easier to get a short sale done these days than it was four or five years ago.

Right now Fannie Mae and Freddie Mac are actually giving penalties to people that are slowing down the short sale and foreclosure process. Bank of America had to pay them $1.3 million in delay penalties for slowing down foreclosures. We found the largest savings of doing a short sale in Tucson, AZ where it was 29%. So in 2011, short sales were 24% better than foreclosures across the country. In 2010, the average net profit of doing a short sale was actually 26%. Banks definitely want to do short sales these days; they are even giving cash incentives to do one.