Archive for the 'Avoid Foreclosure in Sacramento' Category
Loan Modification or “Loan Mod” help is Available for Folsom Homeowners!
Folsom Loan Modifications ...not as tricky as they say; but they do have a very low success rate... Foreclosure Options Experts At Wereheretohelp.org and Folsom Keller Williams have a new report and that includes step by step loan modification instructions and "do it yourself Loan Mod Kit" available for free! Folsom Short Sale Expert Forth Hoyt; Folsom's Very Own CRS, CDPE, HAFA Certified, Pre-Foreclosure Expert and Home Retention Advocate has written and recently compiled an in-depth loan modification packet to help Folsom Homeowners keep their homes. This Loan mod for Folsom, CA homeowners packet is actually two parts: The First one is the do-it yourself loan modification checklist and includes all the specific forms you will need for a loan Modification from most servicers...
CDPE Folsom Short Sale Specialist
[caption id="attachment_5342" align="aligncenter" width="200" caption="Short Sale Expert and Certified Distressed Property Expert Designation"][/caption] Need to ease the pain of an unstable and confusing real estate market? A Certified Distressed Property Expert® (CDPE) has a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. CDPEs can provide solutions, specifically short sales, for homeowners facing market hardships. Homeowners regularly proceed without guidance of any kind through the often financially and emotionally devastating prospect of foreclosure. Speaking with a well-informed, Experienced licensed real estate professional is the best course of action for a...
Government Options to Save YOUR Home- Which one is right for you?
[caption id="attachment_5328" align="aligncenter" width="300" caption="Less Than 2% of Loan Modifications Applied For receive Any Type Of Principle Reduction!"][/caption] Underwater and payment too high? There are several options available to homeowners who are underwater, and with a mortgage payment that is uncomfortably high- Sacramento Homeowner Options Expert Forth Hoyt Reports on Government Options To Help Homeowners Some of the most misunderstood Government Programs For Underwater Homeowners: ( A ) FHA's Short Refinance Program Launch date: September, 2010 The FHA Short Refinance Program is for borrowers who have remained current on their mortgage payments. It only works IF your bank agrees to write off at least 10% of the principal. If the bank agrees, underwater borrowers can refinance into a new FHA-insured loan. The refinance will put...
El Dorado Hills Short Sales For March Show Marked Increase in Success
[caption id="" align="alignnone" width="646" caption=" Short Sales In El Dorado Hills are Struggling to Close"][/caption] Short Sales Go Pending But Fail to Close- WHY? El Dorado Hills Short Sale Expert Reports: Short Sales in El Dorado Hills are being accepted and approved by the banks and going into pending status far more frequently than ever before. However, as the graph above show, Short Sales in El Dorado Hills are definitely not closing any more frequently. How is this happening? What could be the problem? There are several things going on... I know that many short sale escrows definitely fail because of issues with the property. Buyer inspections are done after the bank approves the short sale and the home goes in pending status (the red line...
Folsom Short Sale Agent Explains Short Sale Process to Short Sale Candidates in Folsom
[caption id="attachment_4902" align="aligncenter" width="275" caption="How To Short Sale 101: By Folsom Multi-Certified Short Sale Specialist Forth Hoyt"][/caption] What is a short sale? A Short Sale in real estate is when a home is sold for market value that is lower than the amount of the debt owed. The Short Sale Process is actually two transactions running side by side, more or less simultaneously. The first transaction is just "real estate 101". This is the transaction between you, the Folsom Short Sale Seller and the short sale buyer. This transaction contains all the traditional real estate time-lines, disclosures and contingencies but also additional addendum's and disclosures letting all parties know that, among other things, it is contingent upon third party approval. The other transaction is...
CDPE Folsom Short Sale Agent Specialist Designation
[caption id="attachment_4693" align="aligncenter" width="300" caption="Too Many Homeowners Facing Foreclosure Proceed Without Assistance Or Advice From a Trained Expert."][/caption] CDPE is just one of my pre-foreclosure solution designations See how I Ensure Buyer Motivation and KEEP OUR SHORT SALE BUYERS SINCERE! Sacramento Certified Short Sale Specialist and Folsom Expert Short Sale Negotiator Forth Hoyt provides information dispelling many short sale misunderstandings and short sale myths. Many underwater Sacramento area homeowners have some deeply held beliefs about short sales that are totally false- As a Sacramento Certified Distressed Property Expert, and Folsom CDPE designation holder I have access to an array of information and thought I'd post this information again. I have posted this information a couple other times here, this...
Recourse After A Short Sale?
Short Sales Will be Effected By SB931 Can the bank come after you for the difference after a short sale? What are recourse rules in California? Sacramento Short Sales will surely increase and become more streamlined when SB931 goes into effect in January- why? Less to fight about! All First mortgages, whether owner occupied, refinanced, -whatever-, will automatically become non recourse for short sales in California. As a Sacramento Short Sale Specialist, and a certified short sale expert, I usually talk to several people each day who have questions about recourse, deficiency judgments, and the downfall or risk of a short sale. Please understand I am not a lawyer, I cannot give legal advice. But I have been present during many consultations...
California’s Anti Deficiency Law For Short Sales Will Stop Banks From Recourse
[caption id="attachment_3829" align="aligncenter" width="300" caption="California's Newest Short Sale Anti Deficiency Law Goes Into Effect Jan 1, 2011"][/caption] Sacramento Short Sale Specialist and Certified Short Sale Negotiator Forth Hoyt reports on California's new short sale anti deficiency law for short sellers, and how it will change short sale recourse in California. How will it change Recource on California Short Sales? SB 931, recently enacted legislation governing “short sales,” goes into effect Jan 1, 2011, The Legislation applies to any note secured by a first deed of trust or first mortgage for a dwelling of not more than four units. SB931 protects Homeowners as well as Investors, as it is not...
Sacramento Short Sale Specialist Reports Wells Fargo Stops Extensions On Short Sales
[caption id="attachment_3725" align="aligncenter" width="300" caption="Wells Fargo Stops Extending or Rescheduling Foreclosure Trustee Sales"][/caption] Sacramento Certified Short Sale Specialist and Sacramento Area Expert Short Sale Negotiator Forth Hoyt Reports: Wells Fargo Short Sales will need to be smooth, efficient and timely! Contact a Sacramento Certified HAFA short sale expert today! So they say wells fargo trustee sale postponements are are now a thing of the past- \According to DSNews,There's no Wells Fargo foreclosure sales or Trustee Sales being delayed any longer. We just experienced that on a Wells Fargo deal the other day. It was actually a World Savings, which became Wachovia and then eventually a Wells Fargo short sale . We had been having a hard time getting documents gathered from the sellers. They...
Sacramento Short Sale Specialist Adds Newest Short Sale Certification: Certified HAFA Specialist
[caption id="attachment_3698" align="aligncenter" width="200" caption="Certified HAFA Specialist Designation"][/caption] Sacramento Short Sale Specialist and Certified Expert Short Sale Negotiator Forth Hoyt adds yet another Short Sale Training Certification! Looking for a Sacramento area HAFA agent? Well, you'll never guess what I've recently done; I have completed the training for HAFA and added another Short Sale Certification! Can you believe it? I'm going to run out of room on my business card! I just added the Certified HAFA Specialist Designation from the California Association of Realtors... I am now one of the very few Sacramento area HAFA Certified Specialists! You might wonder; does that really matter? If you are talking about the little letters behind my name; no they really don't matter. Other than letting people...
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