Toni Patillo – Santa Monica and Palisades Real Estate Agent

Tag Archives: Santa Monica

Santa Monica Short Sales New Lenders’ Guidelines

The Federal Housing Finance Agency (FHFA) announced newer guidelines for Santa Monica short sales to take effect in November of 2012, but what do these guidelines mean for you? There are many guidelines for sellers and lenders alike, but the new guidelines for lenders are designed to make the Santa Monica short sales process easier and quicker for buyers and sellers alike.
One of the biggest changes to the guidelines involves the amount of time that lenders can take when...

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Santa Monica Short Sales Guidelines

For many years, the Santa Monica short sales market was a difficult market to crack. It was hard to try and weed through all the different paperwork that existed for each lender involved with the home. Even with the difficulty that has come with working with Santa Monica short sales, the popularity of the transaction has become so popular that guidelines were written in late 2012 as a way to streamline the process.
One of the major changes with dealing...

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What Are Santa Monica Short Sales?

When the housing market collapsed in 2008 the emergence of Santa Monica short sales became commonplace in real estate. Even after all these years, people still wonder what Santa Monica short sales have to offer both buyers and sellers alike.
Santa Monica short sales are when, because of financial loss or an upside down mortgage, sellers are unable to pay for a home. The bank would rather cut their losses so they will choose to put the home on...

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Your Santa Monica Short Sale Agent Discusses Short Sales without Economic Hardship

As the market fell in 2005, many homeowners found themselves in upside down mortgages (they paid $300,000 for a house that is now worth only $185,000) but they did not have the economic hardship that would make them eligible to list their house as a short sale. If you find yourself in a similar predicament, your first step is to discuss the matter with your Santa Monica short sale agent. Your Santa Monica short sale agent can help you better...

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Why Your Santa Monica Short Sale Agent Loves Wachovia Short Sales

If you have spent a lot of time with short sales, you have probably heard about the holy grail of short sale deals- Wachovia Bank. While every bank has their own short sale terms, every Santa Monica short sale agent dreams of getting a Wachovia short sale under their belt. There are a few reasons why a Santa Monica short sale agent particularly loves dealing with this specific establishment.
First, your Santa Monica short sale agent loves a...

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Your Interview with a Santa Monica Short Sale Agent

The best way to interview a possible Santa Monica short sale agent is to ask specific questions about you as a buyer and the house that you want to buy. It will help you know if the Santa Monica short sale agent knows the short sale process and can help you get into the house you want. Read on for some of the most important questions you will ask your Santa Monica short sale agent.
You can start by...

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Why Should You Work with a Santa Monica Short Sale Agent?

Deciding to buy a home in the short sale market can be a big choice. It means that you agree to wade through huge amounts of paperwork and a long waiting period to be able to buy a house under market value. For many people, the advantages of purchasing a short sale far outweigh the downfalls, but to fully experience the advantages of short sales, you need to work with a specialized Santa Monica short sale agent.
A specialized Santa...

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How to Choose a Santa Monica Short Sale Agent

Choosing a Santa Monica short sale agent can be the most important decision you make in the short sale process. It is a choice that you should never simply trust to the Santa Monica short sale agent that has the fanciest website or the best television ad. To choose the Santa Monica short sale agent that is right for you consider the following tips.
You will first start your search for a Santa Monica short sale agent by...

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Santa Monica Short Sale Agents Discuss Benefits Of Short Sales

Has your Santa Monica short sale agent talked to you about the many benefits of doing a short sale? If you’re facing foreclosure, upside down on your home or need to relocate because of your job and can’t complete an equity sale, doing a short sale is more than likely you’re best alternative. Santa Monica short sale agents want homeowners to realize that the negative stigma that may go along with completing a short sale isn’t necessary. Working with a...

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