Hello, I am Jason Zweigle with ShortSaleSlayerz.com. We’re certainly one of Roseville’s leading short sale teams. Thanks for visiting the website. As we speak I’m wrapping up my three part sequence on strategic default with the bail and buy program. Consider it or not, you possibly can fullfill a short sale of your current dwelling and buy a model new or new to you residence while you are doing a short sale as long as the brand new purchase closes after the close date of your short sale. You have to be current and you need to qualify for this new FHA loan. There is an FHA mortgage program on the market for individuals who actually need to downsize.
The explanation that this mortgage is in place is as a result of the trade and the federal government recognize that people are walking away from their mortgages because they’re well underwater. So in what I call the bail and buy program, you are able to do a short sale, you need to qualify for the new mortgage, you must be present on your present house mortgage, and it’s important to downsize your home. It’s a phenomenal answer if you happen to’re a strategic defaulter or should you’re simply someone that does not wish to take care of an underwater home.
You’ll be able to sell your home that is underwater today, buy a brand new dwelling for honest market worth and be effectively ahead of the game and be properly positioned to experience this real estate recovery that is on the horizon. It won’t be right this moment or tomorrow, however we will have a real estate recovery and there can be cash to be made during that recovery.
So if in case you have any questions in regards to the bail and buy program, attain out to me by giving me a call on our 800 number, or fill out the form below. You can also obtain our free short sale information. We’re one in all Roseville’s leading short sale groups and we might be happy to speak with you. Thanks and have an amazing day.
Do you need to sell you home or are you underwater and can’t make your mortgage payments? Jason Zweiglye and the Short Sale Slayerz can answer your short sale questions. We are California Short Sale Specialists.
Watch this and more short sale videos from Jason Zweigle and his team Short Sale Slayers
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