Jerry Boren... Lake Tahoe Short Sale Guy

Lake Tahoe & Northern Nevada Property Search Available "click here"

2011-08-27T14:40:00.000-07:00

Jerry & Gayle Boren have added Property Search to their website for Lake Tahoe & Northern Nevada Short Sale/REO's for Sale. Please feel free to use our Property Search when looking for that Lake Tahoe Dream Home, Minden/Gardnerville Ranch, Genoa Golf Club Estate, Carson City Cottage, Reno Town Home and or Investment Vacation Rental property to add to your portfolio. We hope you like our most recent addition to our website.
Jerry & Gayle Boren
800-587-1110 or 775-742-2523
To Contact Us for additional Information, please email: jerrybboren@msn.com
Selling real estate is more than a career - it’s a way of life.

2011-07-31T12:20:00.000-07:00

For Short Sale advise... when buying or selling a home, please contact me at 800-587-1110, 775-771-3088 or go to my website - Click Here

Lake Tahoe & Carson Valley Real Estate Specialists
We are commmitted to you... from the very beginning of each client relationship, we know we have to earn trust and respect. Although the skills seem basic, they are critical to building and retaining long-lasting relationship. As a Broker Associate & Realtor, we promise to:

listen carefully to our clients... and hear what they say, help clients identify and quantify their real estate needs and goals, define the resources that are available to meet those goals, offer industry-leading and proven marketing techniques, insure privacy and confidentiality in the handling of our client's affairs and continue to offer advice long after the tranaction is complete.

Sold over $188 million in Lake Tahoe & Northern Nevada since 2000.

Our philosophy: “When you make a genuine personal connection, you make a client, and friend, for life”.

So whether you're buying or selling, feel free to contact us and we will be happy to help you with all your real estate needs.

Thanks,

Jerry Boren

Multi Million Dollar Short Sale Closes Escrow/Sold - THE BUCHANAN ESTATE

2010-08-23T12:51:00.000-07:00

One of Lake Tahoe, Nevada well known Estates (The Buchanan Estate) closes escrow and IT WAS A SHORT SALE.

This dramatic property designed by Antonio Bruno, A.I.A. is perched atop nearly 10 acres. 7,500 square feet of exceptional privacy, spaciousness and understated elegance. Rarely do properties of such distinction become available; and rarer still is this pinnacle setting, over-looking Lake Tahoe and the surrounding mountains. This property was built in 1987 and needs some updating to return the home to its trophy status.

For more information on the sale of this property, call Jerry Boren at 775-771-3088

Top 10 Reasons to Short Sale Your Home

2010-03-18T14:58:00.000-07:00

If you are facing a foreclosure on your home, there are many avenues of help available to you. You can try to get a loan modification from your bank, but if this is not available to you, you may want to consider a short sale. While you may lose money, you will not have to go through the foreclosure process, and there are many other reasons why this may be the best option for a home owner in this situation.

A short sale means that the proceeds of the sale are less than the actual amount owed on the home. This alternative is used by home owners that owe more than their homes are worth. If you have owned your home for several years, chances are you will lose money on the deal, but it may be better than going through a foreclosure. Let’s take a look at ten reasons why a short sale may be the best option available to you.

Saves Your Credit
A foreclosure will stay on your credit report for a period of seven to ten years, making it nearly impossible to get a loan, a new credit card, and certainly a new house. A foreclosure can drop your credit score by nearly 300 points, especially if you have late payments already.
Saves Face
No one wants to admit that they couldn’t afford to keep their home. By doing a short sale, you can be spared this embarrassment.
Keeps Your Banking Reputation Intact
Whether you’ve dealt with your bank for several years, or you are a new customer, no one wants to go through a foreclosure. It can make it difficult to keep a checking account, as well as your bank credit cards.With a short sale, your bank will have no reason to take recourse against you.
Buy a Home Quicker
Instead of having to wait seven to ten years to purchase a home after a foreclosure, with a short sale, you can begin the process again in as little as two years and sometimes much quicker. This gives you time to get back on track and reduces the amount of money you may be putting toward rent when you could own another home.
Get a Federal Loan
In some cases, you may be able to purchase a new home right away, even after a short sale. For example, Fannie Mae, a federal lender, may offer a new home loan right away to buyers with a short sale on their credit, as long as you don’t have any 60 day late payments on your credit report, which may be tough to avoid with a short sale.
Tax Benefits
In order to help home owners, the IRS is offering help for those who decided to go with a short sale rather than a foreclosure. You may not have to pay tax on the forgiven amount of the sale, which may essentially save you thousands of dollars.
Getting Rid of Stress
Having a home foreclosed on is incredibly stressful. A short sale can help you get through the process in a shorter period of time while reducing the emotional and mental stress involved.
Frees up Equity
Even though you may lose some money in the deal, you won’t be saddled with a home where you owe more than the house is actually worth.
Better Record
Some employers look at a foreclosure as a sign that you are not dependable. As more employers rely on credit reports for hiring practices, it is best to do all you can to avoid a foreclosure.
Better Interest Rates on Loans
Having a low credit score means that if you can get a loan in the future, you will have to pay premium interest rates. By avoiding a foreclosure, you are in a much better position at securing lower rates on loans in the future.

These are just a few of the benefits that a short sale can offer a home owner. If you are having trouble making payments, this may be your answer. Contact Jerry Boren @ 775-771-3088 or 800-587-1110 for more information and help.

Lets hope the Obama administration is finally getting it.

2010-03-08T12:38:00.000-08:00

Administration’s latest attempt to stem the housing crisis. The Obama administration will offer homeowners $1,500 to sell for less than the mortgage balance.
Click on link below.
http://www.msnbc.msn.com/id/35756755/ns/business-the_new_york_times/

Advantages of a Short Sale

2010-01-05T15:31:00.000-08:00

Minimize damaging impact to credit:
Foreclosure can remain on your credit for up to seven years while a short sale usually gets reported as a settled debt and is significantly less damaging. With a short sale, your FICO score will not be as negatively impacted as it would be with a foreclosure, and you will be able to get into a new home much sooner as well.

Minimize financial exposure/liability:
In many foreclosure situations, the lender will ultimately sell the property at a significant discount once they foreclose and repossess the property. The homeowner can then be financially liable to the lender. While the same may be true with a short sale, the difference is with a short sale the homeowner is still involved in the process and can therefore contribute their input, have more control over the sale price of the property and the potential associated liabilities. In a foreclosure, however, once the lender repossesses the property, the homeowner is typically defenseless with respect to what follows next. For more information call 775-771-3088 or 800-587-1110