Melissa Zavala

What Is a Short Sale?

by Melissa Zavala on August 21, 2011 · 2 comments

Attention homeowners! There is a lot of information in the media right now about the housing market, about the government’s policies and procedures for helping homeowners facing tough times, and about options available when you are having trouble making mortgage payments. In this short article, I will attempt to clarify one of the options available: a short sale. […]

Keep the Utilities On!

by Melissa Zavala on August 15, 2011 · 0 comments

You have moved out of your home, but the property isn’t going to close and be transferred to the new buyer for another month or so. You want to save a few bucks. So, what do you do? You turn off the utilities. You cancel the trash pickup and the water service. You tell the pool […]

Trials and Tribulations of Vacancy

by Melissa Zavala on August 13, 2011 · 0 comments

With so many distressed properties on the market (both short sales and bank-owned foreclosures), it’s not uncommon for neighborhoods to have vacant homes. In fact, I passed one on a walk just yesterday morning and was wondering why on earth the listing agent had left the curtains open—making it so brutally obvious that the home was vacant. I mean […]

What is Included in a Short Sale Package?

by Melissa Zavala on August 11, 2011 · 0 comments

If you are a seller who is interested in selling your home as a short sale, you must be prepared to provide some information to your mortgage lender in order for the lender to approve the short sale. Despite the fact that the information is not wrapped in a box, it is called the short sale package. Although […]

Why Do a Short Sale?

by Melissa Zavala on July 27, 2011 · 0 comments

Many borrowers wonder, “Why bother with a short sale? Shouldn’t I just let my property go to foreclosure?” – In most cases, the answer is ‘no.’ A short sale is a much better alternative to foreclosure or a deed-in-lieu of foreclosure because a short sale is usually less harmful to your credit and your future ability to borrow. A […]