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Orange County Short Sale Realtor -Tips on Preventing Orange County Foreclosures, CDPE, SFR

Meet Jesse Madison, your Orange County Short Sale Realtor

The success of your Orange County, CA Short Sale depends on many factors. Having a solid pricing strategy will help you  prevent pitfalls and delays that could undermine your goal of successfully selling your home. If the price is not a market value price the bank may decline your sale and you could lose your buyer and need to start over. Proper initial pricing will help you avoid this costly mistake and prevent foreclosure. Remember it is a race against the foreclosure clock.

Thorough review of all liens against the property is a must.  Once all lien holders are contacted you must successfully negotiate all terms and submit complete packages to all lien holders to obtain short sale approval.

There are many compelling reasons to do a short sale. Completing your short sale can save your credit and you may be able to purchase a home again in as little as 2 years. Many banks are now pre-approving Short Sales and are paying some sellers as much as $30,000 to cooperate with short sales ( COOP Program). Banks will also pay sellers closing costs on Short Sales.

Remember to ask your tax professional about Debt Forgiveness on short sales as there has been an extension to the Mortgage Forgiveness Debt Relief Act.

If you or someone you know is in danger of losing their home to foreclosure…Contact me..your Orange County short sale realtor! 949-306-8416.

Jesse Madison is a certified orange county short sale realtor with a CDPE (Certified Distressed Property Expert) and SFR ( Short Sales and Foreclosure Resource) designation. He can assist you with your Orange County Short Sales.

Orange County Short Sale Realtor

OC Short Sale Realtor

 

call 949-306-8416 or email JMadison.realtor@gmail.com.

As your Orange County short sale realtor we cover:

Irvine short sales, Laguna Niguel short sales, Foothill Ranch short sales, Huntington Beach short sales, Capistrano Beach short sales, Corona Del Mar short sales, Dana Point short sales, Lake Forest short sales, Laguna Woods short sales, Laguna Beach short sales, Laguna Hills short sales, Aliso Viejo short sales, Newport Coast short sales, , San Clemente short sales, Trabuco Canyon short sales, Rancho Santa Margarita short sales, Mission Viejo short sales, Ladera Ranch short sales, Tustin short sales, Villa Park short sales, Costa Mesa short sales, Orange short sales, Anaheim short sales, Garden Grove short sales, Yorba Linda short sales, Corona short sales, Fountain Valley short sales, Placentia short sales, Chino short sales, Portola Hills short sales, Chino Hills short sales, Norco short sales, Whittier short sales, Buena Park short sales, La Palma short sales, Cypress short sales, La Habra short sales, La Mirada short sales, Stanton short sales, Artesia short sales, Lakewood short sales, Los Alamitos short sales, Seal Beach short sales, Sunset Beach short sales, Surfside short sales, Mira Loma short sales, Ontario short sales, Diamond Bar short sales, Camp Pendleton short sales, Fallbrook short sales, Riverside short sales, Lake Elsinore short sales, Murrieta short sales, Perris short sales, Menifee short sales, Sun City short sales, Temecula short sales, Wildomar short sales, Irvine short sales, Huntington Beach short sales, Laguna Niguel short sales, El Toro short sales, Foothill Ranch short sales, Capistrano Beach short sales, East Irvine short sales, Midway City short sales, Newport Beach short sales, San Juan Capistrano short sales, Silverado short sales, Westminster short sales, Ladera Ranch short sales, Santa Ana short sales, Atwood short sales, Brea short sales, Fullerton short sales, Norco short sales, Coto De Caza short sales, Dove Canyon short sales, Robinson Ranch short sales, Las Flores short sales, Nellie Gail Short Sales, Orange County short sales
 Testimonials available

Chase Priority Partner Agent in Orange County | Chase Short Sales

Jesse Madison is an approved chase priority partner agent for the Chase Priority Partner Short Sales Program under way in Orange County, CA. 

Chase Bank has developed a program with selected few real estate agents to expedite their short sale process. As part of this program, I have been assigned Priority Status on Chase Short Sales, Chase Purchases or other loan programs offered by Chase.

Chase Priority Partner Agent for Chase Short Sales

Chase Priority Partner Agent for Chase Short Sales

Chase has initiated this program for homeowners who owe more on their home than it is worth and want to sell. Chase wants distressed homeowners who may be upside down on their loans  use a Chase Priority Partner Agent in their area with  training and experience in short sales. We are essentially “pushed to the top” over any conventional business. If you currently have a loan with Chase Bank and need to perform a short saleplease give us a call at 949-306-8416.

I can expedite the process for you and potentially help you receive 3k-30k in relocation assistance (* certain requirements apply). Many Homeowners interested in completing a Short Sale are not familiar with the process; as a Chase Priority Partner Agent,  I am very familiar with Chase operations, programs and practices. We will assist you at every step in getting your home sold. Our goal is to educate and help the homeowner have a graceful exit, explaining time frames and what to expect every step of the way.

Chase has several great Mortgage programs to fit your lifestyle and budget.

Each Chase Priority Partner Agent for Short Sales  works directly with a local loan officer for CHASE BANK. I work closely with:

Sandra Grant / Mortgage Banker |NMLS ID 670052 |Mortgage Banking |Chase |28131 Crown Valley Pkwy  Laguna Niguel  Ca  92677   Direct : 949-362-0524   Cell: 714-624-2368    Fax: 866-490-8105 |Office hours 9:00am – 5:30pm Sandra.grant@chase.com

Sandra and I can assist you in pre-qualifying potential buyers and getting your home successfully sold as a Chase Short Sale so that you can save your credit and gracefully exit your upside down mortgage.

 

Email Jesse Madison at jmadison.realtor@gmail.com

or call 949-306-8416

Certifications:

CDPESolidLogo.pngCDPE, Certified Distressed Property Expert

SFR logoSFR® Certified, Short Sales and Foreclosure Resource

CDPETagLine.png

Short Sale Help is here. Serving All Orange County Communities and surrounding areas:

Irvine, Laguna Niguel, Foothill Ranch, Huntington Beach, Capistrano Beach, Corona Del Mar, Dana Point, Lake Forest, Laguna Woods, Laguna Beach, Laguna Hills, Aliso Viejo, Newport Coast, , San Clemente, Trabuco Canyon, Rancho Santa Margarita, Mission Viejo, Ladera Ranch, Tustin, Villa Park, Costa Mesa, Orange, Anaheim, Garden Grove, Yorba Linda, Corona, Fountain Valley, Placentia, Chino, Portola Hills, Chino Hills, Norco, Whittier, Buena Park, La Palma, Cypress, La Habra, La Mirada, Stanton, Artesia, Lakewood, Los Alamitos, Seal Beach, Sunset Beach, Surfside, Mira Loma, Ontario, Diamond Bar, Camp Pendleton, Fallbrook, Riverside, Lake Elsinore, Murrieta, Perris, Menifee, Sun City, Temecula, Wildomar, Irvine, Huntington Beach, Laguna Niguel, El Toro, Foothill Ranch, Capistrano Beach, East Irvine, Midway City, Newport Beach, San Juan Capistrano, Silverado, Westminster, Ladera Ranch, Santa Ana,Atwood, Brea, Fullerton, Norco and more!

Irvine short sales, Laguna Niguel short sales, Foothill Ranch short sales, Huntington Beach short sales, Capistrano Beach short sales, Corona Del Mar short sales, Dana Point short sales, Lake Forest short sales, Laguna Woods short sales, Laguna Beach short sales, Laguna Hills short sales, Aliso Viejo short sales, Newport Coast short sales, , San Clemente short sales, Trabuco Canyon short sales, Rancho Santa Margarita short sales, Mission Viejo short sales, Ladera Ranch short sales, Tustin short sales, Villa Park short sales, Costa Mesa short sales, Orange short sales, Anaheim short sales, Garden Grove short sales, Yorba Linda short sales, Corona short sales, Fountain Valley short sales, Placentia short sales, Chino short sales, Portola Hills short sales, Chino Hills short sales, Norco short sales, Whittier short sales, Buena Park short sales, La Palma short sales, Cypress short sales, La Habra short sales, La Mirada short sales, Stanton short sales, Artesia short sales, Lakewood short sales, Los Alamitos short sales, Seal Beach short sales, Sunset Beach short sales, Surfside short sales, Mira Loma short sales, Ontario short sales, Diamond Bar short sales, Camp Pendleton short sales, Fallbrook short sales, Riverside short sales, Lake Elsinore short sales, Murrieta short sales, Perris short sales, Menifee short sales, Sun City short sales, Temecula short sales, Wildomar short sales, Irvine short sales, Huntington Beach short sales, Laguna Niguel short sales, El Toro short sales, Foothill Ranch short sales, Capistrano Beach short sales, East Irvine short sales, Midway City short sales, Newport Beach short sales, San Juan Capistrano short sales, Silverado short sales, Westminster short sales, Ladera Ranch short sales, Santa Ana short sales, Atwood short sales, Brea short sales, Fullerton short sales, Norco short sales, Coto De Caza short sales, Dove Canyon short sales, Robinson Ranch short sales, Las Flores short sales, Nellie Gail Short Sales, Orange County short sales

Top 5 Reasons short sales in Orange County are now easier than ever

Top 5 Reasons short sales in Orange County are now easier than ever.

Understanding the top 5 reasons short sales in Orange County are now easier than ever will help you realize that you now have options. Help is here. You can get your short sale approved quickly so that you can sell your home at no additional cost!

Orange County Short Sale Agent

  1. Banks are now pre-approving short sales. Yes its true! You will actually get your Price approved before your home gets listed. Then all you need to do is get the home under contract and close escrow quickly.
  2. Banks are paying some distressed sellers to sell their home as SHORT SALES rather than Foreclose. Some banks will compensate sellers as much as $30,000 to cooperate with short sales.
  3. Banks will pay for seller closing costs. Sellers can virtually complete the short sale with no out of pocket costs. This is a huge relief to cash poor sellers that are behind on their mortgages.
  4. Debt Forgiveness. With the extension of the Mortgage Forgiveness Debt Relief Act, sellers will, will, for one more year, exempt the taxation of mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale or loan modification (including any principal reduction). Sellers in CA can take comfort that C.A.R. is sponsoring SB30 which will conform state law to federal law regarding Mortgage Forgiveness.
  5. You can buy a home again in as little as 2 years. This is a big consideration as opposed to a 7 year wait when you allow your home to go into Foreclosure. Foreclosures remain on your public record for 7 years. Short Sales are not reported on a persons credit history. FHA – If current at the close of short sale, a homeowner may apply for an FHA loan immediately. If homeowner is late before close of short sale closing, will be eligible for FHA loan after 3 years.

Top 5 Reasons short sales in Orange County are now easier than ever

Orange County Short Sale Realtor -Tips on Preventing Orange County Foreclosures, CDPE, SFR

Top 5 Reasons Short Sales

If you or someone you know is in danger of losing their home to foreclosure…Contact Me Today!

Jesse Madison 949-306-8416

jmadison.realtor@gmail.com

Certifications:

CDPE, Certified Distressed Property Expert

SFR® Certified, Short Sales and Foreclosure Resource

To discuss the Top 5 Reasons short sales are now easier than ever Please call me today! 949-306-8416

. Serving All Orange County Communities and surrounding areas:

Irvine, Laguna Niguel, Foothill Ranch, Huntington Beach, Capistrano Beach, Corona Del Mar, Dana Point, Lake Forest, Laguna Woods, Laguna Beach, Laguna Hills, Aliso Viejo, Newport Coast, , San Clemente, Trabuco Canyon, Rancho Santa Margarita, Mission Viejo, Ladera Ranch, Tustin, Villa Park, Costa Mesa, Orange, Anaheim, Garden Grove, Yorba Linda, Corona, Fountain Valley, Placentia, Chino, Portola Hills, Chino Hills, Norco, Whittier, Buena Park, La Palma, Cypress, La Habra, La Mirada, Stanton, Artesia, Lakewood, Los Alamitos, Seal Beach, Sunset Beach, Surfside, Mira Loma, Ontario, Diamond Bar, Camp Pendleton, Fallbrook, Riverside, Lake Elsinore, Murrieta, Perris, Menifee, Sun City, Temecula, Wildomar, Irvine, Huntington Beach, Laguna Niguel, El Toro, Foothill Ranch, Capistrano Beach, East Irvine, Midway City, Newport Beach, San Juan Capistrano, Silverado, Westminster, Ladera Ranch, Santa Ana,Atwood, Brea, Fullerton, Norco and more!

Irvine short sales, Laguna Niguel short sales, Foothill Ranch short sales, Huntington Beach short sales, Capistrano Beach short sales, Corona Del Mar short sales, Dana Point short sales, Lake Forest short sales, Laguna Woods short sales, Laguna Beach short sales, Laguna Hills short sales, Aliso Viejo short sales, Newport Coast short sales, , San Clemente short sales, Trabuco Canyon short sales, Rancho Santa Margarita short sales, Mission Viejo short sales, Ladera Ranch short sales, Tustin short sales, Villa Park short sales, Costa Mesa short sales, Orange short sales, Anaheim short sales, Garden Grove short sales, Yorba Linda short sales, Corona short sales, Fountain Valley short sales, Placentia short sales, Chino short sales, Portola Hills short sales, Chino Hills short sales, Norco short sales, Whittier short sales, Buena Park short sales, La Palma short sales, Cypress short sales, La Habra short sales, La Mirada short sales, Stanton short sales, Artesia short sales, Lakewood short sales, Los Alamitos short sales, Seal Beach short sales, Sunset Beach short sales, Surfside short sales, Mira Loma short sales, Ontario short sales, Diamond Bar short sales, Camp Pendleton short sales, Fallbrook short sales, Riverside short sales, Lake Elsinore short sales, Murrieta short sales, Perris short sales, Menifee short sales, Sun City short sales, Temecula short sales, Wildomar short sales, Irvine short sales, Huntington Beach short sales, Laguna Niguel short sales, El Toro short sales, Foothill Ranch short sales, Capistrano Beach short sales, East Irvine short sales, Midway City short sales, Newport Beach short sales, San Juan Capistrano short sales, Silverado short sales, Westminster short sales, Ladera Ranch short sales, Santa Ana short sales, Atwood short sales, Brea short sales, Fullerton short sales, Norco short sales, Coto De Caza short sales, Dove Canyon short sales, Robinson Ranch short sales, Las Flores short sales, Nellie Gail Short Sales, Orange County short sales

Short Sale Tax implications update! CAR is sponsoring SB30 to conform CA state law to Federal law.

Short Sale Tax implications update!

 

short sale tax

In this update on short sale tax implications we will address taxes on both on the federal and state level.

FEDERAL TAXES: On the Federal level, The Mortgage Forgiveness Debt Relief Act was renewed which will, for one more year, exempt the taxation of mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale or loan modification (including any principal reduction).

STATE TAXES:

C.A.R. is sponsoring SB 30 (Calderon, D-Montebello).  SB 30 will conform state law to the federal law passed last week.  Upon passage of SB 30, the measure will be effective retroactive to Jan. 1, 2013.

If you need any help with understanding Short Sale Tax implications when selling your home in Orange County please call me at 949-306-8416. I can help guide you through this process and help you find a solution so you can move on with your life.

 

To read more about how real estate taxes affect you see this page: REAL ESTATE TAX BREAKS

Breaking News! Mortgage Debt Relief Act will be extended through 2013 as part of the Fiscal Cliff Deal!

The extension means homeowners now will be excused from paying taxes on forgiven mortgage debt through 2013. The debt relief was set to expire Dec. 31.

Short Sale Debt Forgiveness Extended through 2013

Short Sale Debt Forgiveness Extended through 2013

This is a huge relief for homeowners who currently or intend to sell their home as a short sale or perform mortgage modifications. Without this extension these sellers may have faced tax bills in the tens of thousands of dollars.

Bank of America Short Sale Time Lines Improving

Bank of America has made major strides for those looking to perform a short sale on their home in Orange County, CA. I recently attended a Short Sale Forum by Bank of America where we covered all aspects of the short sale process to help struggling homeowners in Orange County, CA.  We are here to assist Orange County Homeowners to begin the short sale process and reduce timelines for distressed homeowners looking to do a short sale. We now make Bank of America short sales easier by working with DTS (Dignified Transition Solutions) and other Short Sale partners to make the entire process less stressful and more efficient with shorter timeframes and streamlined processes so that homeowners who are upside down in their homes can get quicker solutions to their short sale problem and move on with their life.  For assistance with Short Sales in Southern California call Jesse Madison at 949-306-8416 today. or email me at jmadison.realtor@gmail.com

Article From DSNEWS:

BY: CARRIE BAY 4/9/12

BofA Makes Changes to Trim Short Sale Timeline

Bank of America is making changes to its short sale procedures and introducing an improved task flow within the short sale technology module from Equator, BofA’s short sale management platform of choice. The goal: to reduce the timeframe for a short sale decision to less than three weeks.

Starting Saturday, April 14, real estate professionals working with BofA will be required to submit five documents for short sales initiated with an offer:

The acknowledgement and disclosure form, short sale addendum, and the form for third-party authorization are available through the company’s online Agent Resource Center.

The third-party authorization form is a new standardized document developed specifically for BofA. Previously, the lender accepted third-party authorization forms in differing formats and from a variety of sources when transacting a short sale.

Bank of America says it recognized a need for greater compliance and consistency with this important document and has now created its own form to standardize the third-party authorization process. The two-page document

requires signed acknowledgments from all borrowers and designated representatives in a short sale. Beginning April 14, BofA will accept only the official Bank of America Third-Party Authorization Form for short sales.

The bank’s new short sale process will enable real estate agents, brokers, attorneys, and other short sale specialists involved in pre-foreclosure transactions to complete tasks such as document collection, valuations, and underwriting simultaneously.

With these steps running concurrently, the timeline from initiation to closing is reduced. In fact, Bank of America says it will now be able to provide a decision on a short sale offer in 20 days. Typically, BofA’s short sale process has taken anywhere from 45 days upwards.

In continuing to streamline the decision process, should the buyer walk away from the sale, Bank of America is giving agents five days to submit a backup offer. Previously, the backup offer window was 14 days. Interested buyers are limited to two counteroffers and will receive a response from the lender within three days.

BofA notes that all email messaging between designated selling agents and their Bank of America short sale specialist will continue to occur within the Equator system. Agents will receive a standard notice via email to log into the system and retrieve their messages.

In order to implement the myriad of changes, BofA’s Equator platform will be down for 10-12 hours the night of Friday, April 13 into the early morning of Saturday, April 14.

Real estate agents and other short sale professionals are invited to review a Bank of America webinar outlining the coming changes. BofA is also offering task-by-task training on the new Equator process via a webinar to be aired on Thursday, April 19 from 4-5 p.m. (EST). Additional information can be found through the company’s online Agent Resource Center.

Bank of America’s short sale and REO executive Bob Hora says the company expects short sales to continue to increase and is taking steps to ensure it is providing decisions quickly and real estate agents are alerted of status as soon as possible.