Friday, September 28, 2012

It’s time to take another look at short sales

As recently as a few months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale—you’d have gotten some strange looks.
San Francisco Realtor

That’s all changed.  And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined.

With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. So they’ve sharpened their focus on short sales. Big time.

The biggest lenders in the country have staffed up to ensure rapid processing of short sale applications. They’ve ponied up with cash incentives at closing for homeowners who pursue a short sale. And they’re proactively reaching out to CDPE agents and putting them in touch with delinquent borrowers.

This is big news and the media has not really caught onto it yet. What’s important for you to know is that whatever you’ve read or heard in the past about long lag times and frustrations with short sales is probably no longer the case.

As a member of the CDPEAdvanced community, I’m tapped into major lenders and on top of major developments affecting short sales and bank-owned properties.  I invite you to visit my website to learn more and feel free to contact me any time at 415-816-0048 or if you or anyone you know is struggling with an unmanageable mortgage."

For Loan Modification Seekers, There are Often Better Options

(San Bruno), (CA) – (August 23, 2012) – For homeowners facing foreclosure, there are a lot of powerful emotions at play. A loan modification, changing the original terms of the loan, can represent an attractive option because it allows the homeowner to stay in their Ingleside Terrace Home.
San Francisco Realtor

There are some truths about loan mods, however, that many homeowners don’t know. “According to studies down by the Department of Housing and Urban Development,” says (de Mesa, CDPE, Clarin Realty Inc.), “over half of the people who get a loan modification end up redefaulting within 6 months.” This coupled with the increasing difficulty in obtaining a loan mod means that they are are often not the an ideal solution for everyone.

“In reality, a loan modification works for people in a very specific set of circumstances. They are people who are normally financially stable, but that have found themselves with a temporary problem that is threatening their home,” said de Mesa. Job loss or an unexpected illness are the most common temporary issues that arise. For homeowners who know that their situation will be fixed in the near future, a loan modification makes sense.

For most people in danger of losing their home, however, these circumstances don’t apply. Their financial issues are often larger and beyond the scope of what a bank will consider for a loan modification. For those homeowners, it is important that they are educated on their options.

A Certified Distressed Property Expert (CDPE), Noreleen de Mesa ( ) has intimate knowledge about the many foreclosure alternatives that are available. A Certified Distressed Property Expert (CDPE) is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help struggling homeowners regain peace of mind and a sense of stability for the future.

Noreleen de Mesa has developed a free report entitled, “Loan Modification Secrets,” which is accessible from her website,

The report provides a thorough rundown of all of the ways that a short sale is more beneficial to homeowners than foreclosure.

Noreleen C. de Mesa, CDPE, SRES, GRI DRE #01387621
For more information about the CDPE Designation, visit