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How to Short Sale your Temecula home in 2015 | 951-217-6745

Published February 17, 2015 in Temecula Short Sale - 0 Comments
Temecula Short Sale Agent

Temecula Short Sale Specialist

With the Temecula home market recovering in most areas of town, less homeowners are needing to use the option of doing a short sale to sell their Temecula homes. So are short sale going to be easier or harder to get approved in 2015?
Most of the larger lenders have laid off or reassigned much of their  loss mitigation staff. The short sale departments now have less time and staff to review each short sale submitted to them. I feel it’s not going to be as easy to get a short sale approval in 2015 and if your agent submits a weak short sale proposal forget about getting that Temecula short sale approved.

How are you going to get your short sale approved in 2015.

The banks are not giving the large discounts any longer. They are demanding sales prices at or near full market value. Some lenders are even asking above market  value/prices (Fannie Mae) when issuing their short sale approvals!
Get your home looking it’s best. You are now having to compete with the standard sales around you here in the Temecula and Murrieta valley.
I know it’s a pain but complete ALL the documents your lender throws at you (this is very important).
And seek out the best short sale specialist in your market (critical).

Some good news! Incentives and Relocation funds for sellers doing a short sales in 2015 have increased!
The US Treasury dept has a short sale assistance program called HAFA that as of February 2015 now is giving home owners up to $10,000.00 at the close of a short sale. See my YouTube video on this new incentive!

How do you find the best Temecula short sale specialist to work with?

This is the easy part. Just ask Google,Bing or what ever internet browser you use.
Typical search terms you should type in would be……

Short Sale SpecialistShort Sale ExpertShort Sale Agents. To make your search even more accurate in finding the best short sale agents in your local area is to add your location/city in front of your search phrases. Here’s are some examples. If you live in my area which is Temecula Ca you would then type in the phrases below….
Temecula Short Sale Specialist or Temecula Short Sale Expert or Temecula Short Sale Agents.

Get a fresh start in 2015. It’s not to late to short sale your Temecula home. What this going to cost? There is never any out of pocket costs to you the homeowner to have the best Temecula Short Sale Agent on your side. (edit)

About Sidney Kutchuk

Temecula Short Sale Specialist and Real Estate Broker. Sidney Kutchuk – Temecula Real Estate Broker Realty Works Temecula 41720 Winchester Road #J Temecula CA 92590 951-215-6745


Harveston Lake,Temecula CA 92591 – A great place to call home.

Published May 3, 2014 in Temecula Short Sale - 0 Comments

Harvesten Lake in Temecula CA 92591

If your thinking the Temecula or Murrieta area is going to be were you want to call home, check out Harvestion Lake. This is the development I chose to call home. Let me share some of the things I enjoy living here in Harvestion. First you will find people of all ages living and enjoying Harvestion Lake. From young families to senior citizens. Harvestion Lake 2005

My son Adam and his family also picked Harvestion Lake as the place to raise their family.There are many great schools,day care,parks and pools for them to enjoy. Below is a picture of Adam and my grandson Cody who caught his first fish here at the lake. No fishing permit is needed. The lake is stocked with fish and the rules are catch and release. No keeping the fish.

FIshing at Harvestion Lake 

One of the focal points here at Harveston Lake is the Lake House. This beautiful building is over 8,000 square foot and can be booked for weddings and parties. Walking around the lake at night is an extra treat as the area is all lit up along with the many trails and buildings.

Harveston lake - The Lake House


Next to the lake house there is a large pool and spa.There is also for the young kids to enjoy a water fun park.

Harvestion Lake - Pool

They are still building new home here in Harvestion and the resale market is very strong. We have small homes and town homes,senior living areas, to large 3,000 + square foot homes. Most lots are small in size but there are many common areas to enjoy including one of Temecula largest sport parks were you can see the families enjoying the large grassy area or the kids playing baseball and soccer. This is a great area to fly kites as we have a nice breeze come through most every day. The air qualty is great. There is just to many great things about this area to put in this post,but guess what? I am a Realtor and would be happy to show you around Harveston Lake,that is unless Iam on my scooter riding around the lake.

Realty Works Temecula - Sidney Kutchuk - Broker

Contact me if your thinking about coming to Harveston Lake here in Temecula CA. I am the broker here at Realty Works Temecula. Sidney Kutchuk 951-217-6745 or email Sidney@RealtyWrks.com 

A short sale may be your better solution.

Published April 23, 2014 in Temecula Short Sale - 0 Comments
Certified Short Sale Agent

Short Sale Expert

A Chapter 7 bankruptcy may relieve you of paying back the promissory note or mortgage on your home but it does not remove the lien. This means that after the bankruptcy is complete the lender still needs to foreclose in order to take back the collateral.
So you may end up with both a foreclosure and a bankruptcy.
Maybe, just maybe, a Temecula Short Sale would have avoided both. Contact a Temecula Short Sale Specialist to see how we can help.
www.Temecula-ShortSaleAgents.com   951-217-6745

Good News for Fannie Mae Short Sales

Published July 3, 2013 in Temecula Short Sale - 0 Comments

Does your Temecula Short Sale have Fannie Mae as the investor?

by Sidney Kutchuk

If your Temecula Short Sale has Fannie Mae as the investor here’s some good short sale news.

Fannie Mae is asking you to submit your short sale offer to it at the same time that you submit it to your lender that’s servicing the mortgage. By submitting your offer via the Fannie Mae web site and your lender simultaneously  you enable Fannie Mae to start taking some of the steps needed to get the short sale application processed. These steps include ordering an appraisal and broker price opinion and reaching out to the servicer to help keep the processing on track.

Avoid foreclosure and consult a Temecula Short Sale Specialist at Realty Works Temecula 951-217-6745

Contact us today for more information about the Temecula short sale process.

Sidney Kutchuk | July 2, 2013 at 10:24 pm | Tags: Fannie Mae Short SalesTemecula short sale specialist | Categories: Fannie MaeTemecula Short Sale Agents | URL:http://wp.me/p24A2i-fm

Temecula Short Sale Process can be fast or slow | 951-217-6745

Published March 3, 2013 in Temecula Short Sale - 0 Comments

The short sale process. Fast or Slow they get approved.

by Sidney Kutchuk


Temecula short Sale Process

The short sale process timing.

  Short Sale Timing,Fast or Slow?

One of the most common question my clients ask me about the short sale process is: How long does a Short Sale       Take?
  Even now as we keep hearing from the lenders that they are streamlining the short sale process. Some short sales
are still taking 90+ day to get approved.

Then I can have another client with the same lender take less than 30 days to get the short sale approved. I work then all the same and the timing for the approval letters  is never the same,but they do get Approved!  My message here  is the same for all seller’s  give me time, 30 to 90 days and I will get your short sale approved. 

At your service,

Sidney Kutchuk  AKA…Cyber Sid
   CALL ME, 951.215-6745

Sidney@RealtyWrks.com  visit my site at > www.aShortSale.com

40150 Winchester Rd #1  Temecula Calif. 92591      Fax 951.676-5681


Bank of America likes to work with the Temecula Short Sale Specialists

Published February 21, 2013 in Temecula Short Sale - 0 Comments

Bank of America thanks our Temecula Short Sale Team

by Sidney Kutchuk

 Bank of America thanks our Temecula Short Sale Team.

Today I received the below email from the Bank of America short sale specialist we worked with.


Temecula Short Sale Agents

BOA thanks the Temecula Short Sale Team at Realty Works Temecula.

Hello Sidney & Valerie,

Thank you for your assistance in completing the current short sale. I was able to verify the documents and process the wire. We at Bank of America look forward to working with you in the future. If you have any feedback regarding your experience with myself or the closing process that you would like to share, please contact my supervisor, Scott xxxxxxxx, at 480-xxx-xxxx or email his atscott.xxxxxxxx@bankofamerica.com. Thank you again for your hard work and dedication. Have a great week!

Darby Sparks
Short Sale DIL Specialist
FHA Short Sale

Thinking about doing a short sale? Contact the Temecula Short Sale Specialists at Realty Works Temecula 951-217-6745



Sidney Kutchuk | February 20, 2013 at 2:55 pm | Categories: Temecula Short Sale Agents | URL: http://wp.me/p24A2i-e1

2013 Temecula Short Sale Specialist | 2013 update video & chart

2013 Short sale updates.

by Sidney Kutchuk

2013 is going to be a good year for homeowners needing to short sale their home.
Most all major lenders and servicers have agreed to streamline the short sale process.

Program Updates Effective February 1, 2013

however, Servicers may implement changes immediately

 The Home Affordable Foreclosure Alternatives (HAFA) Program is a government-sponsored initiative overseen by the U.S. Treasury Department and administered by Fannie Mae assisting all Home Affordable Modification Program (HAMP)-eligible homeowners in avoiding foreclosure,specifically through short sales or deeds-in-lieu of foreclosure.

BEFORE Feb. 1, 2013

AFTER Feb. 1, 2013

Required Documents Use of Short Sale Agreement and Request for Short Sale Approval or forms substantially similar in content are required   Use of Short Sale Agreement and Request for Short Sale Approval documents optional
The Short Sale Notice (SSN) and the Acknowledgement of Request for Short Sale (ARSS) are now the preferred forms for servicers with regards to HAFA Short Sales. The Deed-in-Lieu (DIL) Agreement is now optional, and the Request for Approval of Short Sale (RASS) and Alternative Request for Approval of Short Sale (Alt RASS) are being phased out. 
Response Time Servicers required to respond within 45 days  Servicers required to respond within 30 days
The time frame for servicers to respond to a borrower’s request for a short sale has been shortened from 45 calendar days to 30 calendar days (generally). 
Pre-Determined Hardship & Affidavit Affidavit of borrower hardship required for approval of  HAFA short sale Pre-determined hardship (90+ days delinquent and FICO below 620) with affidavit required 
Borrowers who are 90 days or more delinquent and have a FICO score that is less than 620 will be deemed to have a “pre-determined” hardship. Servicers do not need to further validate the hardship to approve the HAFA short sale. However, they must execute a Hardship Affidavit prior to closing. 
Short Sale Affidavit

No arms-length transaction orHUD-1 affidavit required

New HAFA Affidavit to be completed at closing

A new HAFA Affidavit is now required, while both the borrower and the buyer must sign. This affidavit certifies the sale is an arm’s-length transaction (the homeownerand buyer have no previous connection to one another), that no money is beinggiven or received outside of the HUD 1, and other necessary information. 
Subordinate LienholderPayoff Treasury contribution to subordinate lienpayoff $2,000  Treasury contribution to subordinate lienpayoff increased—up to $5,000 
The Department of the Treasury will now provide up to $5,000 as an incentive to payoff secondary lienholders. 

Resale Restrictions

No resale before 90 days

Resale after 30 days allowed

The current restriction on reselling a property within 90 days after closing is being shortened to 30 days. From 31 to 90 days, the resale price cannot exceed 120% ofthe HAFA short sale price.

Bank of America Cooperative Short Sale for 2013

Published January 31, 2013 in Temecula Short Sale - 0 Comments

2013 Bank of America Cooperative Short Sale Program

by Sidney Kutchuk

Changes to the Bank of America Cooperative Short Sale Program
for 2013.

Temecula Short Sale Agent

Temecula Short Sale Agent

The Bank of America Cooperative Short Sale Program may be able to help Temecula homeowners complete a short sale if they owe more on their mortgage than their Temecula house is worth and do not qualify for the Home Affordable Foreclosure Alternatives (HAFA) short sale program. This short sale program can streamline the approval process and offers financial assistance to help homeowners with relocation and moving expenses.

As of January 15, 2013, there will no longer be a temporary foreclosure hold during the Cooperative Short Sale property marketing phase. Bank of America may begin or continue the foreclosure process up until a submitted offer to purchase the property is approved by all relevant parties.  Any existing Temecula short sales in progress will not be impacted by these changes. Call aTemecula short sale agent for more info 951-217-5745

Sidney Kutchuk | January 30, 2013 at 8:39 pm | Categories: Temecula Short Sale Agents | URL: http://wp.me/p24A2i-dE

Fannie, Freddie change requirements for short sales in 2013

Published January 24, 2013 in Temecula Short Sale - 0 Comments

Short Sale Soundoff: Fannie, Freddie change requirements for short sales. 


Fannie Mae and Freddie Mac announced changes to their servicing requirements for their short sales. Please be aware of the following key changes for all parties involved in a short sale. These changes apply to all Fannie Mae and Freddie Mac short sales, with an offer and without an offer.

Title Transfer requirement change:

  • The buyer is prohibited from selling the property for any sales price for a period of 30 days from the date of the deed.
  • After a 30 day period, and until 90 days from the date of the deed, the buyer is further prohibited from selling the property for a sales price greater than 120 percent of the short sale price.

Note: The above restrictions will run with the land and are not personal to the grantee.

Relocation Assistance:

  • The borrower may be entitled to an incentive payment of $3,000 from Fannie Mae / Freddie Mac to assist with relocation expenses following successful completion of a short sale unless:
  1. The borrower is required to contribute funds or execute a promissory note.
  2. The borrower has Permanent Change of Station (PCS) orders and receives a Dislocation Allowance (DLA) or other government relocation assistance.
  3. The servicer has knowledge that the borrower is receiving relocation assistance from another source other than the servicer.

Note: If the borrower receives relocation assistance from a source other than Fannie Mae, Freddie Mac, or the servicer, the difference in the relocation assistance amount up to the $3,000 incentive maximum may be provided. If the borrower will receive relocation assistance from a source other than Fannie Mae, Freddie Mac, or the servicer and the amount is equal to or greater than $3,000, no relocation incentive will be provided.

SOURCE – Caiif Assoc of Realtors Newsline.

Temecula & Murrieta Short ale Homes. | 951-217-6745

Published January 16, 2013 in Temecula Short Sale - 0 Comments

Temecula Short Sale Homes vs Bank owned Homes. 951-217-6745

by Sidney Kutchuk

Temecula Short Sale Homes vs Bank owned for sale Homes. 951-217-6745

When you are looking for a home to purchase and time is the most important item on you list the choice is clear the Bank owned home, It can be yours and closed in 30 days or less.

But on the whole the better buys are the many Short Sale Homes

on the market. These homes are highly discounted. I order to get that discount you need to be patient and make sure you are working with a experience short sale specialist. Most short sale sellers are being offered an incentive to cooperate through the sale so at the end of the short sale your will have a clean non-damaged  bargain home.

So don’t let your real estate agent steer you away from the bargain a Temecula short sale home can be.

We have a team of agents helping Temecula and Murrieta short sale clients. These are good buys and we help the sellers move on and get a fresh start. We help Temecula and Murrieta homeowners that need the best short sale help with no out of pack costs

Call the Short Sale Team at Realty Works to buy or sell a short sale home. 951-217-6745 


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