Archive for the 'Options To Foreclosure' 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...
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...
El Dorado Hills Short Sales Increasing
[caption id="attachment_5086" align="aligncenter" width="266" caption="El Dorado Hills Short Sales Are A Better Choice"][/caption] Why are El Dorado Hills Short Sales Increasing? By: El Dorado Hills Expert Short Sale Negotiator and Certified Short Sale Specialist Forth Hoyt I had two different El Dorado Hills homeowners not yet in Foreclosure call me recently to talk about their situation and ask "are we candidates for a short sale?" "can we qualify for a short sale in El Dorado Hills?" Both homeowners occupied their homes as their primary place of residence, both had faced a substantial decline in household income, one couple is looking at retirement in a few years and upside down by a long way! In both instances I answered "absolutely, you have...
How Important is the Hardship Letter? The Short Sale Hardhip Letter Sets The Stage
[caption id="attachment_5047" align="aligncenter" width="400" caption="Short, Sweet And To The Point- The Hardship Letter Summarizes and Explains The Sellers Situation"][/caption] As a Short Sale Agent in the Sacramento Area; I get this question all the time:The Hardship Letter- How important is it? Sacramento Certified Short Sale Specialist Forth Hoyt answers questions about short sale hardship letters and provides Example Hardship Letters. As a Sacramento Area Short Sale Expert and Certified Short Sale Negotiator I am constantly getting questions about Short Sales from Sacramento area sellers Considering a Short Sale. Some of the most frequently asked questions I get have to do with the Short sale Hardship Letter: "How do I write the best hardship letter?", " How much detail should I put in the...
Chase Outreach Short Sale Program Helps Sacramento Investor
[caption id="attachment_4822" align="aligncenter" width="259" caption="Chase's New Short Sale Outreach Program Pays Owners To Participate- And Stay Out Of Foreclosure!"][/caption] Can You Short Sale your Home With A Chase Loan? Chase Bank Has a New Short Sale Outreach Program... A last minute Google search for Sacramento Certified Short Sale Specialist brings me another Sacramento Short Sale and helps another borrower avoid foreclosure! Has Chase Contacted You By Mail With Information About The J.P. Morgan Chase Short Sale Incentive Program? Call 916-316-3810 or Contact us Today At Forth Hoyt’s Sacramento Short Sale Center I was contacted yesterday by an investor who owns a Short Sale A triplex in North Sacramento in the 95838 Zip Code. She frantically explained that she needed to get her property listed...
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...
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...
Three Distinct HAFA Programs…
[caption id="attachment_3690" align="aligncenter" width="300" caption="Short Sale Help"][/caption] Sacramento Short Sale Certified Specialist Forth Hoyt Explains and Shares Information on HAMP and HAFA, and shows Sacramento Short Sale Homeowners how they are the same programs. Read on to find out and guidelines for the three different HAFA programs. I have been on a Short Sale Webinar with Partner First Nationwide real Estate Network (where I got my PCS SHORT SALE Certification)with Scott Thompson - It was called "Pre-Listing Appointment Strategies in Today's HAFA Era. " The program included great information on the three distinct HAFA programs out there. This information just affirmed what I have always done and continue to do: to help Sacramento Short...
Short Sale VS. Foreclosure …Tough Decisions Facing Sacramento Area Homeowners Today
[caption id="attachment_3103" align="aligncenter" width="300" caption="Why Stop Foreclosure?"][/caption] Sacramento Expert Short Sale Negotiator and Folsom Certified Short Sale Expert Forth Hoyt Talks About One Of Today's Hottest Topics: Foreclosure or short Sale? Short Sale vs. Foreclosure Job Loss, Reduction in Overtime, Budget Cuts, Health Issues, Divorce, Curtailment of Income, Furlough Days, Divorce, Injury, Layoffs, Death of a Breadwinner, Medical Bills... There are many reasons why nearly 15% of homeowners are behind on mortgage payments nationwide. Here in Sacramento, and especially in specific areas built at the height of the housing boom here in our area, the numbers are more than triple that. With that many people facing the inevitable loss of their home, many are making the decision of how to handle their exit. Foreclosure...
HAFA Facts, HAFA Frequently Asked Questions and HAFA Guidelines For Sacramento Homeowners Facing Foreclosure
[caption id="attachment_2991" align="aligncenter" width="280" caption="Forth Hoyt, Expert Short Sale Negotiator and Certified Sacramento Short Sale Agent Reports Exclusive HAFA Coverage"][/caption] Looking For Information On Sacramento Short Sales? Need a Sacramento area HAFA agent? A Trusted Resource To Help You Decide IF You Should Short Sale In The Sacramento Area? Sacramento Short Sale Service Provides Up-To-The Minute Short Sale Information For Sacramento Short Sales! Sacramento Short Sale Specialist Provides Sacramento Short Sale Info Including HAFA Facts, HAFA Guidelines, HAFA FAQ's, HAFA Questions, HAFA policies, HAFA short sale Guidelines, HAFA incentives... Forth Hoyt, Expert Short Sale Negotiator, Certified Short Sale Expert and Short Sale Specialist answers: How do you know if you qualify for HAFA? HAFA Short Sale Facts: How To HAFA Shortsale! Read on; This...
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