How Near To The Trustee Sale Date Are You Able To Start The Short Sale Process?
Posted on April 3rd, 2012
Hello, this is Kerri from the Bay Area Short Sale Angels, Northern California’s primary short sale team. Lots of people have asked me how near the trustee sale date are you able to initiate the short sale process. The trustee sale date is known as the foreclosure sale date. There’s not an easy answer to that, it really relies on the bank that’s servicing your loan. For essentially the most part, as a basic rule, we need at the least ten days. Ten days prior to the trustee sale date to initiate that short sale and have an opportunity of getting it into the system and with the ability to get an extension on that short sale date.
Not at all does that mean hang around and reside in your home until ten days before after which say you want to a short sale. Give your agent as much time as possible before that trustee sale date in an effort to negotiate the short sale. It’s a much completely different process should you’re doing it under the guise of having time over having no time. It’s totally anxious doing the whole lot at the final second. Not understanding if the extension is going to go through or realizing if the foreclosures is going to occur up until a half an hour before the sale.
That is one thing that you don’t need to set your self up for, if at all possible. Now in case you by some means thought {that a} mortgage modification was going to go through or you had been considering doing a bankruptcy, and then changed your mind at the final minute, try and give us a minimum of ten days. This is Kerri from the Bay Area Short Sale Angels one of Northern California’s primary short sale teams. We believe there’s nothing worse than doing nothing.
For more information on short sales and how to avoid foreclosure, visit the Bay Area Short Sale Angels blog or you can also contact the Kerri Naslund team and get started today.
Filed under Angels, Blog, Contact Team, Guise, Half An Hour, Having Time, Hello, How To Avoid Foreclosure, Mortgage, Northern California, Trustee Sale, Whole Lot, bankruptcy, foreclosure, foreclosures, short sale | No Comments »
Chapter 7 Bankruptcy Exemptions
Posted on April 2nd, 2012
A consumer filing Chapter 7 bankruptcy is entitled to certain “exemptions” in order to allow them to retain assets required for a fresh start after bankruptcy. The idea is, a consumer would not be able to live their normal life and rehabilitate their financial situation without certain items, such as a car (to get to work), household items, clothing, tools of the trade, etc. It is not the objective of the bankruptcy court, or the bankruptcy system in general, to completely decimate a consumer filing bankruptcy, but rather to assist them in starting over without the burden of creditors aggressively [...]
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