Archive for the 'Options To Foreclosure' Category
The 4 MOST IMPORTANT Measurements That Define a “SHIFT”
[caption id="attachment_19068" align="aligncenter" width="422"] THE 4 EARLY SIGNS OF MARKET CHANGES[/caption] Is there any way of knowing before it happens? How do you know if and when the market has topped? When the Sacramento area real estate market changes, does it happen all at once? Everywhere at once? How long does it take before you can really tell for sure? Is your area's real estate market beginning to shift? Depending on your neighborhood, your price range and your personal situation- it may be time to take a snapshot of the market and the trends... The most difficult thing about a Real Estate Market shift is we NEVER know for sure whether we are in a slight market adjustment or a major market retraction or just...
Folsom Short Sale Specialist Announces Debt Relief Act Extended
[caption id="attachment_5900" align="aligncenter" width="400" caption="Mortgage Tax Relief Extended"][/caption] California state Taxes after short sale Folsom Certified Short Sale Specialist: what about California's Mortgage Debt Relief Act? Short Sales, Foreclosures and loan modifications are still non taxable events as far as federal taxes are concerned... the Mortgage Debt Relief Act of 2007 provisions have been extended. Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. The “American Taxpayer Relief Act of 2012’’ extends mortgage cancellation relief for home owners or sellers who have a portion of their mortgage debt forgiven by their lender, typically in a short sale or foreclosure sale for sellers and in a modification for owners. Without the extension, any...
Homeowner Bill of Rights Contains Significant Mortgage And Foreclosure Reforms
[caption id="attachment_5878" align="aligncenter" width="350" caption="Gov. Jerry Brown signs the Homeowner Bill of Rights"][/caption] On July 11, 2012, California Governor Jerry Brown signed the California Homeowner Bill of Rights into law. The law goes into effect on January 1, 2013. The Homeowner Bill of Rights is actually a series or package of bills designed to protect homeowners and communities. The California Homeowner Bill of Rights is designed to bring fairness, accountability and transparency to the California's mortgage and foreclosure process. The bill marks the third step in Attorney General Kamala D. Harris’ response to the state’s foreclosure and mortgage crisis. Her first step was to create the Mortgage Fraud Strike Force, which has been investigating and prosecuting misconduct at all stages of the mortgage process....
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. 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 hardship letter"? or "What is a Hardship Letter?" The simplest and quickest answer is that the hardship letter explains what caused the financial hardship and is like a...
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...
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