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Sacramento Short Sale & Foreclosure News:

FHA Guidelines- MORTGAGEE LETTER 2008-43

  Following FHA's Short Sale Program allows homeowners to purchase immediately after a short sale.  Read the FHA Short Sale Guidelines and FHA repurchase program that affects short sales on All HUD Properties. December 24, 2008                                                                Mortgagee Letter 2008-43   TO:                             ALL HUD-APPROVED MORTGAGEES   ATTENTION:           Single Family Servicing Managers   SUBJECT:                             Pre-Foreclosure Sale (PFS) Program - Utilizing the PFS Loss Mitigation Option to Assist Families Facing Foreclosure     High foreclosure rates continue to have devastating effects on families and neighborhoods. The Federal Housing Administration (FHA) remains committed to taking actions to help families avoid foreclosure.  Since being introduced as a national program in 1994[1], the PFS Program has helped thousands of mortgagors in default to avoid foreclosure and...

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Options To Foreclosure:

FHA Guidelines- MORTGAGEE LETTER 2008-43

  Following FHA's Short Sale Program allows homeowners to purchase immediately after a short sale.  Read the FHA Short Sale Guidelines and FHA repurchase program that affects short sales on All HUD Properties. December 24, 2008                                                                Mortgagee Letter 2008-43   TO:                             ALL HUD-APPROVED MORTGAGEES   ATTENTION:           Single Family Servicing Managers   SUBJECT:                             Pre-Foreclosure Sale (PFS) Program -...

Loan Modification News:

Your Guide to a Successful Loan Modification

  You're Guide to a Successful Loan Modification- Getting Your Lender to Say "YES" Provided by Folsom's HAFA Certified Short Sale Specialist And Experienced Sacramento Area Short Sale Negotiator   Table of Contents Section 1- You, Your Family and Your Mortgage Section 2- Loan Modification Programs Section 3- Options other than a Loan Modification Section 4- If...

California Foreclosure Law:

Can My Second Loan Sue Me? Whats The New Law In California Regarding Short Sales?

What Happens To Second Mortgage on a Short Sale? Can My Second Mortgage Come After Me After I Do A Short Sale? Will My Second Loan Try To Collect? Can My Lender Sue ME? Will I have To Pay My Lenders Back After A Short Sale? What Is The New...