Archive for the 'Short Sale Process 101' Category
HAFA Short Sale Cash For Keys: $3000 To The Homeowner!
[caption id="attachment_5563" align="aligncenter" width="412" caption="HAFA Specialist Forth Hoyt Explains HAFA Short Sale's Cash For Keys Program"][/caption] As a Sacramento Area Short Sale Specialist And Successful HAFA Short Sale Negotiator, I get many questions about the Short Sale Cash For Keys Program that is an important part of the HAFA Short Sale Prograam. Many homeowners frequently contact me to ask "Am I Eligible for HAFA?" ...usually people hear about HAFA on the news or radio but have a hard time finding HAFA Program Information to learn about the HAFA Short Sale Cash For Keys: $3000 To The Homeowner! "How can I qualify for the $3000 From HAFA?" HAFA Allows for $3,000 to the homeowner after the short sale has been completed (and transaction...
HAFA Specialist in Sacramento, CA Reports HAFA Extension and Update
[caption id="attachment_5556" align="aligncenter" width="300" caption="Sacramento CA Certified HAFA Short Sale Specialist Forth Hoyt"][/caption] HAFA Extension and Update: HAFA short sale program has now been extended through December 31, 2013. Read about the Sacramento CA HAFA Short Sale Program and Archive for the 'HAFA GUIDE AND HAFA NEWS' Category. HAFA Short Sales in Sacramento, CA are increasing and HAFA guidelines have become the benchmark for negotiating second loans in short sales. If you upside-down on your Sacramento mortgage and are in need of a short sale and qualify for the HAFA Short Sale program it can be of great benefit to you. It allows the seller to receive up to $3,000 for moving expenses upon completion of the short sale, (HAFA cash for keys) called relocation assistance. In...
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...
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...
How Do I Do a HAFA Short Sale?
[caption id="attachment_5281" align="aligncenter" width="200" caption="Certified HAFA Agent in Folsom"][/caption] HAFA Short Sales are beginning to finally work! As a Folsom and El Dorado Hills Short Sale Specialist, and Certified HAFA Specialist I frequently get asked "how do I get in the HAFA program?" or "How do I do HAFA?" "Is my loan eligible for HAFA?" "How do I find a HAFA certified agent in Folsom?" My answer is really simple, no matter who your bank is or what your situation is: Call Your Bank(s) and see if your loan(s) is/are HAFA Eligible- If you have a first and a second; both loans have to be eligible for HAFA... so if one does and one doesn't, it won't work... Want HAFA Information? Read HAFA Guide And...
Who Do I Ask If I Can Do A Short Sale On My Folsom House?
[caption id="attachment_5153" align="aligncenter" width="400" caption=""Can I short sell my Folsom Home?""] [/caption] What if I have to move from Folsom and I'm upside down? Who can I ask about a short sale possibility? Is there someone in Folsom who can tell me if I can short sell my House? How do I find out if short sale is possible for my home in Folsom? As a Certified Short Sale Specialist and a Realtor who focuses on Folsom, El Dorado Hills, and the surrounding communities of Orangevale, Fair Oaks, Granite Bay, Mather, Rocklin, Roseville and even Natomas, Elk Grove and West Sacramento, I am constantly getting asked about the qualifications for a short sale. There is so much misunderstanding when it comes to how the banks...
Another Approved Folsom CA Short Sale! 948 John Murray Way Folsom
[caption id="attachment_5135" align="aligncenter" width="400" caption="948 John Murray Way Folsom Ca 95630"][/caption] Folsom Short Sale Agent and Multi Certified Folsom Short Sale Specialist Forth Hoyt Does it Again! Welcome Home! ...to this Wonderful Willow Springs home~within walking distance to Livermore Community Park~downstairs bedroom and bath~Separate family room~formal dining~Island kitchen~Inside laundry room~The oversized rear yard has been professionally landscaped with over 20 trees and rosebushes, a little TLC will make it shine again. As a Folsom Short Sale Specialist and Folsom Certified Short Sale Negotiator, I negotiate with the bank in order to get 'short sale approval' to sell your home for less than you owe. This process takes knowledge, experience, tenacity and skill as the short sale process...
Can My Second Loan Sue Me? Whats The New Law In California Regarding Short Sales?
[caption id="" align="alignnone" width="512" caption="Jerry Brown Signs Anti Deficiency Law For Junior Lienholders"][/caption] What Happens To Second Mortgage on a Short Sale? Can My Second Mortgage Come After Me After I Do A Short Sale? Will My Second Loan Try To Collect? Can My Lender Sue ME? Will I have To Pay My Lenders Back After A Short Sale? What Is The New Short Sale Deficiency law In California? How Can I Find The Best Short Sale Agent? What Is The New Law Regarding Short Sales In California? As a Sacramento Area Short Sale Specialist, Multi-Certified Short Sale Negotiator and Experienced Short Sale Agent, I must stay abreast of the continuous changes in California Foreclosure Law . I spend a large part...
Short Sale Agent Answers Many Short Sale Questions For Higher Priced El Dorado HillsSellers…
El Dorado Hills Multi-Certified Short Sale Specialist Forth Hoyt Short Sale Process and Transaction explained by El Dorado Hills Short Sale Specialist, Multi-Certified Short Sale Expert and Successful Short Sale Agent Forth Hoyt. The Short Sale Process is actually two transactions running side by side, more or less simultaneously. The first transaction is "real estate 101". This is the transaction between you, the El Dorado Hills 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; including the Short Sale Addendum, letting all parties know that, among other things, it is contingent upon third party approval. (the bank has to say...
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