Get Up To $5,000 From Keep Your Home California Transition Assistance Program (TAP)

I just received an email from Bank of America’s Short Sale Department stating that borrowers desiring to short sell their home may be eligible to receive up to $5,000 in relocation money from the Transition Assistance Program (TAP), part of the Keep Your Home California Program.  For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short Click for More →

Chase Short Sale Successfully Closed in Ramona, CA

Michael Gaddis of Michael Gaddis, J.D. Realty Group closed a short sale in Ramona, CA on November 21, 2014.  The property was encumbered by two (2) loans, the first was a Fannie Mae serviced by Chase while the second was owned and serviced by Navy Federal Credit Union.  The final purchase price for the property was $355,000. The property was being used as a rental at the time of the short sale.  Sellers desiring to short sell rental units need to Click for More →

JUST SOLD: 2954 Rangpur Ct., Escondido, CA 92027

On April 25, 2014 Michael Gaddis of Michael Gaddis, J.D. Realty Group closed a short sale transaction at 2954 Rangpur Ct. in Escondido, CA.  Nearly all short sales are filled with issues and problems.  The transaction at 2954 Rangpur Ct. was no exception.  The servicing of the loan was transferred during the short sale process.  The servicing started with Bank of America then transferred to Resurgent.  The transfer caused the short sale process to become longer than normal.  Three (3) Click for More →

Short Sale Closed at 42937 Cinnamon LN, Temecula 92592

    Michael Gaddis recently closed a short sale located at 42937 Cinnamon Lane in Temecula, CA.  After making the difficult decision to short sell their house the Sellers hired MIchael Gaddis to assist with the short sale.  The 2,284 square foot, single-family residence built in 2004 had 3 bedrooms, 2 baths and a 7,841 square foot lot.  Located on a quiet cul-de-sac, the home had a high elevation with no neighbors behind it providing a very nice view including, Click for More →