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November 25, 2016

This Weeks Economic Release

Yesterday was a nice break from the markets as Wednesday we expected significant volatility throughout the entire day this began the overnight session when comment from the European Central Bank is in European bond yields screaming higher.

Treasuries would typically  follow at least to some extent, but they barely budged as there weren't enough sellers in the market thus keeping the price is higher and yields lower than they otherwise might have been later in the day, we would see the  see the ECB impact flow through 2 pricing. Wednesday brought with it a slew of economic data as well,  All released between 8 a.m. and 10 a.m., much of which came in above expectation. One in particular, and durable goods orders, greatly exceeded its prediction value which drove midday volatility. Fomc minutes were released however this did nothing but further confirm suspicious surrounding a December rate hike uncertainty Remains the headline


BRE:01885141 | NMLS:344532
Michael & Danielle Hansen
Direct CA: (714)253-7868 
Toll Free: (855)955-SOEZ (7639)
Fax: (855)955-7639 
Web: SoEZ.Mortgage or, either way it's EZ

November 22, 2016

So EZ Email Address

Dear clients, investors and fans of So EZ Mortgage,

We strive to make your mortgage experience the easiest one in the country. In order to make it so easy to remember our email address, we shortened it to an address is that so easy to remember its as easy as 1,2,3. 

You can still use and, however they will only remain active until 9/11/2018. We encourage you to update your contact information to Our email address may change, but we will be around until the trees fall down. 

November 17, 2016

Short Sale Advise by QLMS - Michael Griggs

Short Sales

AKA “Settled for Less, Discounted Payoff, Equity Deficient”
Short sales are often misunderstood and can be confusing for both the buyer and the seller. Typically, the seller’s credit is not damaged quite as much as a foreclosure would inflict. However, sellers are still left without any earnings moving forward. Buyers may initially find a short sale home appealing due to the lower price range, but need to be prepared for the potentially lengthy transaction.

Educate and Prepare your Client

What is a short sale? A short sale is the sale of a house in which the proceeds are less than what the owner still owes on the mortgage. The lender agrees to a payoff for a lesser amount than what is actually owed, even on a current mortgage, in order to facilitate the sale of the property to a third party.
Ensure your client is working with an experienced realtor when it comes to short sales, as a lack of understanding may damage any chances of the offer being accepted. To create the most promising offer, the buyer will need to submit a compelling offer that is close to the market value of the home. Research the property’s worth and investment potential – this is a necessary in determining a plan of action.
The seller and lender will need to be confident that the buyer is willing to wait, as short sales traditionally have a much longer approval period. The buyer has the ability to gain that confidence by putting down a strong earnest money deposit.
While the approval process can feel like an eternity, it’s crucial for the buyer to have a sense of urgency when submitting all paperwork required. A small delay on the buyer’s side has the potential to further postpone the deal.

Fees Associated with Short Sales

Clients purchasing a property that is a short sale or pre-foreclosure may pay additional fees or payments in connection with acquiring the property that are typically the responsibility of the seller. Some examples of these fees include:
  • Short sale processing fees – these are also referred to as short sale negotiation fees, buyer discount fees, or short sale buyer fees
  • Payment to a subordinate lien holder
  • Payment of delinquent taxes or HOA fees
  • The HUD-1/Closing Disclosure must include all fees and payments included in the transaction. [1]

Documentation Requirements

  • A written agreement signed by the buyer, seller, and servicer that includes the final details of the transaction, including all additional fees or payments being made by the buyer.
  • The buyer (Client) must be provided with written details of the additional fees and payments, as well as any necessary funds needed to complete the transaction.
  • The servicer that is agreeing to the short sale must be provided with written details of the additional fees and payments, and has the option of renegotiating the payoff amount to release its lien. [1]
Michael Griggs serves at QLMS as a Team Captain in Operations. Fun little tidbit about him, he is currently pursuing a PhD in History from the University of Edinburgh.

November 2, 2016

Rates And The Federal Reserve

The Federal Reserve decision is in and the Federal Funds Rate will remain unchanged. 

Don't Miss Your Chance to Lock a Historically Low Rate

This means that now is the time to refinance or buy a home before mortgage rates rise. As the markets currently imply, a probability for a rate hike is 78% by the Fed's December meeting.