Archive for the 'Short Sale FAQ’s' Category
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 New Short Sale Recourse Law and California Anti Deficiency Law History
[caption id="attachment_4294" align="aligncenter" width="231" caption="The Original Anti Recourse Laws For First Mortgages Were Written During The Great Depression"][/caption] Sacramento Short Sale Specialist, Expert Short Sale Negotiator and Multi-Certified Folsom Short Sale Agent Forth Hoyt reports: The history of California Short Sale Recourse Law, California anti deficiency law and mortgage debt relief law in California. Starting January 1, 2011: No Recourse on Short Sales that have been approved by a first mortgage holder. PERIOD! During the great depression, California had to deal with a huge percentage of homes going into foreclosure. Legislature in California was passed and laws were written to protect homeowners from recourse, after foreclosure. Back then, most mortgages were never refinanced (very short terms) and there weren't many short sales. So...
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...
SB931 Signed Into Law; California Homeowners Get Deficiency Protection After Short Sale!
SB 931 signed into law. New Civil Code Section 580e will stop deficiency judgments on short sales in California Deficiency for short sales in California are illegal on first mortgages! No Deficiency after short sale Sacramento Certified Short Sale Specialist and Expert Sacramento area Short Sale Negotiator Forth Hoyt Reports: New Government Foreclosure Prevention Program Eligibility- Which Programs Do You Qualify For? California Gov. Arnold Schwarzenegger signed senate bill SB931 into law Oct. 1. The new short sale law prohibits mortgage holders from pursuing deficiencies after a short sale has been accepted. The law covers all first mortgages, and applies whether or not the property has been refinanced. Before S.B. 931, many distressed homeowners who sold their homes for less than the owed amount...
Sacramento HAFA SHORT SALE SPECIALIST Answers: Can I Do HAFA? HAFA Short Sale Facts And Fiction
[caption id="attachment_3310" align="aligncenter" width="450" caption="HAFA HELP, HAFA FACTS AND HAFA ANSWERS "][/caption] [caption id="attachment_5259" align="aligncenter" width="200" caption="Certified HAFA Specialist Forth Hoyt "][/caption] Sacramento Certified HAFA Short Sale Specialist and Folsom Multi-Certified Short Sale Expert Forth Hoyt Explains More HAFA Facts: The Newest Government Anti- Foreclosure Program; HAFA Has A Lot Of People Asking Questions. Here Are Many Questions I Have Been Answering Lately About HAFA or The Home Affordable Foreclosure Alternatives Program: What is a HAFA Short Sale and how does a HAFA Short Sale work? The HAFA Government Short Sale Program was created in the wake of a Failing HAMP loan modification program that only provides less than 50% of its applicants with any type of successful modification, and of those 40ish% that successful,...
How Do I Short Sale My House? Whats The Short Sale Process?
[caption id="attachment_3085" align="aligncenter" width="468" caption="Short Sale Life Preserver"][/caption] Forth Hoyt, Expert Short Sale Negotiator And Certified Short Sale Specialist Helps Families Avoid Foreclosure In Folsom, El Dorado Hills, Granite Bay, Orangevale, Fair Oaks, Natomas, Elk Grove, Lincon, Roseville, Rocklin and Surrounding Areas. Here, Forth Gives Sacramento Short sale Information and Answers A Common Qustion? What is The Short Sale Process... You could actually mean that two ways; The Short Sale Process: The process a typical struggling homeowner goes through leading up to the decision of selling their home through a short sale. The Short Sale Process: The process an actual short sale file goes through from beginning to end, how and where the file gets built, the documents included, the different stages the servicers have...
Sacramento Short Sale Specialist With More Short Sale Information; What Is A Short Sale?
[caption id="attachment_2474" align="aligncenter" width="200" caption="Short Sales- Should Be Called Long, Hard, Complicated Sales That Require A Certified Short Sale Specialist"][/caption] Information on Sacramento Short Sales: Sacramento Short Sale Specialist And Experienced Short Sale Agent Presents: Short Sales Explained A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved. But to be...
Governor Calls For California Short Sale And Loan Mod Tax Relief
[caption id="attachment_1981" align="aligncenter" width="300" caption="New California Legislation Would Stop Short Sale, Loan Mod And Foreclosure Tax"][/caption] Schwarzenegger: "Send Me A Short Sale Tax And Loan Modification Tax Bill" Just Last Week He Vetoed A Bill That Would Have Made Short Sale And Loan Mod Debt Relief Non- Taxable. Because the bill was vetoed by Gov. Arnold Schwarzenegger, California homeowners who sell short will have to pay taxes on forgiven mortgage debt. He had said he would veto it but they sent it to him anyway, he vetoed the bill because it contained a provision on tax refunds for the state’s largest businesses. He is now calling on lawmakers to introduce new Legislature and send him a bill to provide tax forgiveness on any mortgage...
New Government HAFA Short Sale Guidelines For Sacramento Homeowners
[caption id="attachment_1937" align="aligncenter" width="300" caption="Short Sale And Foreclosure Resource Designation from the National Association of Realtors"][/caption] SACRAMENTO SHORT SALE SPECIALIST AND EXPERT SHORT SALE NEGOTIATOR FORTH HOYT EXPLAINS NEWEST GOVERNMENT HAFA PROGRAM: Looking for Government Short Sales Guidelines? Government Policies on Short Sales? HAFA government program policies? HAFA will have a major impact on the industry! And Sacramento Short Sales! HAFA Government Guidelines: Click here for HAFA , HAMP, HARP, 2MP... Government Programs … Check Your Eligibility Now. [youtube][/youtube] Questions on your particular situation? Contact us Today At Forth Hoyt’s Sacramento Short Sale Center HAFA Provisions and HAFA Government Guidelines: Government Programs … Check Your Eligibility Now. This is a huge deal: Many Sacremento area homeowners have questions about HAFA; the newest government short sale program and how it will help...
Write a Killer Short Sale Offer! Sacramento Short Sale Specialist Helps Your Short Sale Offer Stand Out!
How To Write the Killer Short Sale offer In Sacramento Courtesy of SacramentoRealEstateTalk.com Sac Placer ED Counties Short Sales 03 19 10 Another Sacramento Certified Short Sale and Pre-Foreclosure Specialist Report: If you want to buy a home in the Sacramento area; you'd better get honed up on Short Sales! In some Sacramento area neighborhoods, short sales represent way over 75% of the inventory of active homes for sale. Short sales are getting easier to get approved so Short Sales are going pending much faster now too. As our Sacramento real estate market evolves; short saleswill continue to be approved faster, smoother and more efficiently. Buying any home that represents a great deal in our market is not easy. Well priced homes are...
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