Senate Bill 458 – This is Supposed to be a Good thing for Homeowners…

July 19, 2011

Mr. Credit Bankruptcy, Best of Radio Show, Buying Real Estate, Short Sale , , , , , , Leave a comment

Although the Legislation appears to be very Consumer friendly on the outside, San Diego County Real Estate experts have mixed feelings about how the “Loser” in this situation will react. The 2nd mortgage holders on any San Diego Short Sale transaction will no longer be able to Sue Homeowners for the remaining balance or the “uncovered difference” that wasn’t paid off through the Short Sale transaction.

JJ, Art, and Jason Lopez are in-studio and the discussion brings up some good points about the potential back-lash of this Legislation, SB 458.

This also brings up questions about the role Bankruptcy will play for Short Sales in San Diego.

Former Bank Employee shares Secrets about Loan Mods, Short Sales

July 16, 2011

Mr. Credit Best of Radio Show, Foreclosure, Loan Modification, Short Sale , , , , Leave a comment

Former Big Bank employee, Jacalyn Blank of Short Sale Solutions in San Diego is Live in studio sharing all the inside Secrets with Mr. Credit about how the Bank views and deals with Loan Modifications and Short Sale approvals. Of course, a Short Sale in San Diego is different from a Short Sale in Las Vegas or anywhere else for that matter… they are ALL different scenarios, but it’s the Nuts and Bolts of how the decision is made, who it’s made by and how it’s effecting people that matters. She also uncovers a SCAM in San Diego Real Estate that is totally unethical and unnerving at the same time. Be very careful about how you chose a Real Estate Agent to work with… Like usual, there is always a better way to protect Your Credit Score when facing a Short Sale or Foreclosure for that matter.

What happens to Property values in San Diego if Mortgage rates go up?

July 13, 2011

Mr. Credit Best of Radio Show, Buying Real Estate, Foreclosure, Short Sale , , , , , , , Leave a comment

July 12th, 2011 Show
Guests:
Jim Berns – 2006 Broker of the Year in San Diego
Art Valenzuela – Lead Instructor for Kaplan Real Estate Schools
Jon Jerotz “JJ” – President’s Club Member with Guaranteed Rate

Discussion Topics:
-What happens to home values in San Diego if mortgage rates rise…
-Should YOU buy a Foreclosure in San Diego…
-Where would the Experts buy an investment property in San Diego…
-What happened to Mortgage Rates this week…
-When is it “time” to consider doing a Short Sale…

Listen to the full show at www.MrCreditRadio.com

Very difficult trying to argue with an Englishman… Casey Anthony Verdict

July 8, 2011

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We almost had to use the DUMP Button for the First time in the History of MrCreditRadio…

Eventually, we got past our differences and discussed the local goings-on in Chula Vista real estate. It seems too good to be true, but Chase is actually sending letters out to people offering them tens of thousands of dollars to Short Sale their homes. (Picture attached below) Mike Watson, in studio, talks about a Family he helped with this program that walked away with a check for $30,000 after they did a Short Sale on their Chase Home Mortgage…

Can You think of a better way to save Your Credit Score, get paid and move on all at once? Check out the letter below.

Letter from Chase to Homeowner

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