Archive for the 'Sacramento Short Sale and Sacramento Foreclosure News' Category
FHA Guidelines- MORTGAGEE LETTER 2008-43
[caption id="attachment_5471" align="aligncenter" width="500" caption="FHA Home ownership Rules After FHA Short Sale"][/caption] 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...
Your Guide to a Successful Loan Modification
[caption id="attachment_5450" align="aligncenter" width="570" caption="How-To Loan Mod Kit and Successful Loan Modification Report"][/caption] 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 You have a 2nd Mortgage Section 5- Keep An Eye Out For Scams Section 6- Seven Things NOT TO DO Section 7- Where To Get Good Information Section 8- Getting Your Lender To Say “YES" Section 9- Glossary of Terms Blank Conversation Log Section l - You, Your Family and Your Mortgage lf you are dealing with a mortgage that makes it difficult for you remain current on...
Does Your Realtor Specialize in Loan Modifications and Short Sales?
[caption id="attachment_5308" align="alignright" width="272" caption="Loan Modifications, When Succesful Will Provide Long Term, Sustainable Solutions "] As a Certified Short Sale Agent, I specialize in helping homeowners weather the mortgage storm. Those of us who bought a home over the past five years or so, had no idea about the kind of economic upheaval that was going to follow. In fact, it appears that no one actually anticipated what was in store. But here we are. An estimated one fourth of the mortgage holders in the country owe more on their home than its current market value. One out of seven are in some state of default or foreclosure. And possibly the most troubling statistic of all: the vast majority of homeowners who...
Sacramento Loan Modification Help From a Certified Foreclosure Options Expert
You've Gotta Try! Nearly 5% of Loan Mods Are Successful!! I have been asked several times; Who can help me with my Sacramento loan modification? Finally! Sacramento Loan Modification Help! Sacramento Short Sale Expert Forth Hoyt; Folsom's Multi-Certified Pre-Foreclosure Expert and Home Retention Advocate, along with Foreclosure Options Experts At Wereheretohelp.org and Folsom Keller Williams have written and recently compiled an in-depth loan modification packet to help Sacramento Area Homeowners keep their homes. This is a brand new report that includes step by step loan modification instructions and "do it yourself Loan Mod Kit" available for free! Read The Entire Story And Order Your Loan Mod Kit Today!
CDPE: Does Your Agent Specialize In Short Sales?
[caption id="attachment_5350" align="aligncenter" width="225" caption="CDPE's are trained to know the options designed to keep clients in their homes and out of foreclosure."][/caption] Does your agent specialize in Short Sales? Why would he? To understand the short Sale Process at a very high level! By Forth Hoyt CDPE, CRS, Certified HAFA Specialist,Dave Ramsey ELP, PFC, RDCPro, A-REO, SFR,SRES, e-PRO, And Master's Club Life Member. How did this happen? How did our housing sector get so messed up? Those of us who bought a home over the past five years or so, had no idea about the kind of economic upheaval that was going to follow. In fact, it appears that no one actually anticipated what was in store. But here we are. Nationwide, an estimated one...
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...
Foreclosure Timelines and Short Sale Time Lines For Sacramento County
[caption id="" align="aligncenter" width="497" caption="Foreclosure Time Frames - Sacramento County, CA -or- Time To Foreclose In Sacramento County. This Chart Answers The Question "How Long Can I Stay In My Home If I Do Foreclosure?""][/caption] Time to Foreclose in Sacramento County; This Chart shows Three Graphs: Time to foreclose: The average number of days between the filing of the California Notice of Default - the beginning of the California foreclosure Process) and the final sale at auction in Sacramento County. Time to Resell—The average number of days between the final sale at auction and when the property was resold by the bank or 3rd party. (This amount of time has been steadily increasing for the banks, as more and more...
Unaffordable Mortgage? How To Start A Loan Modification
[caption id="attachment_5292" align="aligncenter" width="350" caption="Loan Modification Help In Sacramento"][/caption] Has your mortgage payment become unaffordable? Considering a loan modification in Folsom, El DorAdo Hills, Roseville, Natomas, Elk Grove or West Sacramento? Need someone to help with your Sacramento area Loan Modification? Read more and check Government Foreclosure Prevention Program Eligibility here. Homeowners never want to lose their home. And it's never an easy decision for an underwater homeowner or investor to do a short sale or strategic default. As a Certified Short Sale Specialist and an experienced short sale agent, I spend much of my time talking to homeowners in Folsom, El Dorado Hills, Shingle Springs, Cameron Park, and even West Sacramento, Roseville, Rocklin, Natomas and Elk Grove and the entire Sacramento area who...
Folsom Certified HAFA Agent Explains Benefits Of HAFA Short Sale
[caption id="" align="aligncenter" width="360" caption="Certified HAFA Specialists Are Trained To Close Your HAFA Short Sale"][/caption] Certified HAFA Specialist Designation So What are the HAFA Benefits? Folsom HAFA Certified Short Sale Agent and Folsom Expert HAFA Short Sale Negotiator Forth Hoyt Explains The Benefits Of HAFA Short Sales. Designed by the Administration and funded by the Treasury, The HAFA Program, which took effect April 5, 2010, provides servicer, seller and Investor (whoever actually owns the note) incentives. HAFA is supposed to benefit everyone involved in the HAFA Short Sale Negotions. You see, the HAFA Government Short Sale Program was created in the wake of a Failing HAMP loan modification program that only provides less than...
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