With over 90% of home buyers searching online for a new home your home must make a great first impression. The first impression is a lasting impression!  In a buyers market sellers compete with sellers.  If buyers are not impressed what they see online they will move on to the next listing. Ready, Set, Stage! works with you and your Realtor to put your home on the “must see” list for today’s home buyers. We offer a marketing plan and photos to assist with the sale of your home.

HAFA Is Now Three Seperate Programs

Straight from Sacramento Real Estate Talk:

Sacramento Short Sale Certified Specialist Forth Hoyt Explains and Shares Information on HAMP and HAFA, and shows 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 Sale Sellers make the right decisions.  In order to do this Short Sale Sellers in Sacramento need up to date information. As a Sacramento certified Short Sale agent and Expert Sacramento Short Sale Negotiator, I make sure my clients understand every option, every detail of each of the different programs they may be eligible for so that they can make a wise choice and understand the consequences and ramifications of each of the Foreclosure Alternatives available to homeowners today.

Learned some great places to go to actually see the Short Sale Supplemental Directives, or actual HAFA short sale program  documents and guidelines on HAFA.  HAFA program guidelines are very different for each of the different programs, the Treasury Dept HAFA (covers all private investors; (not Fannie Mae, Freddi Mac, VA or FHA), The Fannie Mae HAFA and the Freddie Mac HAFA.

I’ll include the links and even copy the guidelines here-

Treasury’s HAFA for Private Investors:

Help For America’s Homeowners By Making  Home Affordable

Supplemental Directive 09-09 Revised March 26, 2010
Home Affordable Foreclosure Alternatives – Short Sale and
Deed-in-Lieu of Foreclosure Update

Background
In Supplemental Directive 09-01, the Treasury Department (Treasury) announced the eligibility, underwriting and servicing requirements for the Home Affordable Modification Program (HAMP). Under HAMP, the servicers apply a uniform loan modification process to provide eligible borrowers with sustainable monthly payments for their first lien mortgage loans. While HAMP program guidelines are intended to reach a broad range of at-risk borrowers, it is expected that servicers will encounter situations where they are unable to approve a HAMP modification request, a HAMP modification is offered and not accepted by the borrower, or the borrower falls out of a HAMP modification. In these instances, the borrower may benefit from an alternative that helps the borrower transition to more affordable housing and avoid the stigma of a foreclosure.
This Supplemental Directive replaces in its entirety Supplemental Directive 09-09 and is effective as of April 5, 2010. This Supplemental Directive provides guidance to servicers for adoption and implementation of the Home Affordable Foreclosure Alternatives Program (HAFA).  HAFA is part of HAMP and provides financial incentives to servicers and borrowers who utilize a short sale or a deed-in-lieu to avoid a foreclosure on an eligible loan under HAMP. Both of these foreclosure alternatives reduce the need for potentially lengthy and expensive foreclosure proceedings. The options help preserve the condition and value of the property by minimizing the time a property is vacant and subject to vandalism and deterioration. In addition, these options generally provide a substantially better outcome than a foreclosure sale for borrowers, investors and communities.

Read the rest of the Treasury’s HAFA Guidelines for All Non GSE’s Here

Questions  on your particular situation?                                                                                                                                  Contact us today at Forth Hoyt’s Sacramento Short Sale Center

Fannie Mae’s HAFA Guidelines for their GSE owned FANNIE OWNED HAFA:

The Fannie Mae HAFA Guidelines are covered in the Announcement SVC 2010-07  Introduction of Fannie Mae’s Home Affordable Foreclosure Alternatives Program

Introduction
In Announcement 09-05R, Reissuance of the Introduction of the Home Affordable Modification
Program, HomeSaver Forbearance™, and New Workout Hierarchy, Announcement 09-31, Updates and Clarifications to the Home Affordable Modification Program, and in Announcement SVC-2010-03, Home Affordable Modification Program – Program Update and Resolution of Active Trial Modifications, Fannie Mae announced the eligibility, underwriting and servicing requirements for the Home Affordable Modification Program (HAMP). Under HAMP, servicers use a uniform loan modification process to provide eligible borrowers with sustainable monthly payments for first lien mortgage loans.
On November 30, 2009, the Treasury Department (Treasury) released policy guidance related to the Home Affordable Foreclosure Alternatives (HAFA) Program to mitigate the impact of foreclosure on borrowers eligible for but unsuccessful under HAMP. This policy guidance was supplemented by the reissuance of the Treasury’s Supplemental Directive 09-09 on March 26, 2010. HAFA is part of HAMP and provides financial incentives to servicers and borrowers who utilize a short sale (referred to in the Servicing Guide as a “preforeclosure sale”) or a deed-in-lieu of foreclosure (DIL) to avoid a foreclosure on an eligible loan under HAMP. Both of these foreclosure alternatives reduce the need for potentially lengthy and expensive foreclosure proceedings. The options help preserve the condition and value of the property by minimizing the time a property is vacant and subject to vandalism and deterioration. In addition, these options generally provide a substantially better outcome than a foreclosure sale for borrowers, investors, and communities.
The Fannie Mae HAFA program simplifies and streamlines the use of short sales and DIL options by incorporating the following unique features:

Read entire Fannie Mae HAFA Supplemental Guidelines Here

Questions  on your particular situation?                                                                                                                                  Contact us today at Forth Hoyt’s Sacramento Short Sale Center

HAFA Guidelines for Freddie Mac -  their GSE owned Freddie Mac HAFA:

Freddie Mac Bulletin For Freddie Mac Servicers – Subject: Home Affordable Foreclosure Alternatives

Sacramento Short Sale Specialist Explains Short Sale Fees And Short Sale Commissions

Sacramento Certified Short Sale Specialist and Expert Short Sale Negotiator Forth Hoyt explains Short Sale Commissions.

It seems every time I sit down with a Sacramento area short sale prospect for an initial consultation, either at their home or in my office, the question always comes up:  Who pays your fees? How do you, the Sacramento short sale agent get paid?

• Certified and trained to represent you in negotiations with your lender, we never charge homeowners and always  negotiate our fees with the banks.

Good question, I answer; you see, just like any seller, my fees for short selling your Sacramento area home come out of the sales proceeds, or in other words, my Sacramento short sale fees are paid exactly the same as short sale fees anywhere; the short sale commission is simply a reduction to the amount the first lien holder will receive (or Net) out of the  short sale.

• More questions about your particular situation? Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

Always negotiable, most commonly short sale commissions paid by banks are 5% or 6%, but that is not to say it is easy to get those commission amounts.  Banks pay their negotiators to do just that, negotiate.   And they will definitely try to get the Sacramento short sale agent to reduce their commissions during the short sale negotiations.

Governor Schwarzenegger

Sacramento Short Sale Certified Specialist and Folsom Certified Short Sale Specialist Provides Sacramento short sale help reports:

When Governor Schwarzenegger signs SB931, California may  become SHORT SALE HEAVEN!

Short Sale and Foreclosure Deficiency in California may be a thing of the past!

Sacramento’s newest homeowner protection bill SB 931 stops Deficiency Judgments on short sales and foreclosures In California on ALL FIRST MORTGAGES no matter how are when they were originated!

Just like the Great Depression, The Great Recession is forcing lawmakers to pass protective laws that protect homeowners.  In California during the Great Depression, thousands were losing homes to foreclosure and  lawmakers in Sacramento stepped up to provide greater protection from lenders.  So today, just like then, lawmakers are scrambling to come up with laws to protect homeowners from banks, after foreclosure.

California Legislature passed a series of homeowner protection bills in the 1930s, that gave banks every right to foreclose on people who didn’t make their payments, but that power ended at foreclosure. They could take back the house, but they couldn’t contact people after the foreclosure and try to collect more unpaid debt.

But during the 30’s, Sacramento lawmakers left open an important loophole in the law, which has pushed the issue back onto lawmakers agenda 80 years later. The 1930s laws protect only people with purchase money loans. What about the millions of homeowners who refinanced their purchase money loans, especially when mortgage rates fell into a low 5 percent range?

SB 931 will protect from deficiency because  will exempt all first mortgages from deficiency, hard-money, refinanced or purchase money, from a deficiency after a short sale as well. It prohibits deficiency judgments on a property secured by a first trust deed for a dwelling of 1 to 4 units. Every potential short sale seller with a refinanced first mortgage should be screaming for joy right now. Well, unless for some reason doesn’t sign it.  But why would he not?  That would be political suicide!

Add this latest Anti Deficiency Law in California to the Short Sale Tax Relief; No Short Sale Taxes! Mortgage Debt Relief Extended To California Distressed Homeowners and suddenly, California is Short Sale Heaven!

Questions on your particular situation?

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

Questions on Why to Short Sale?

Short Sale VS. Foreclosure …Tough Decisions Facing Sacramento Area Homeowners Today

Need information on the newest government anti foreclosure programs?

New Government Foreclosure Prevention Program Eligibility- Which Programs Do You Qualify For?

Stop Foreclosure With A Short Sale! Call A Short Sale Specialist!

Short Sales In the Sacramento metro area including Sacramento Placer and El Dorado Counties are finally becoming a legitimate, viable option to foreclosure.   It is finally becoming common for  homeowners to stop foreclosures With Short a Short Sale in Sacramento.

Pended and/or Approved Short Sales in Sacramento, Placer And El Dorado Counties Are Becoming a Viable Way to Stop Foreclosure!

As you can see, the number of Approved Short Sales (short sales that go into pending status in our MLS system are short sales that have been approved by the bank or servicer.  Short Sale Approval Letters are the result of hard work and diligent, professional persistence by a short sale negotiation specialist, who is usually the short sale listing agent

“So How Do I Short Sale My Sacramento Area Home?”

Well, you will want to understand short sales in order to understand foreclosure.

It will be helpfull to study California Foreclosure Time lines And California Short Sale Time lines.

You might also be interested in: How Do I Do a Short Sale My Sacramento Area Home? Short Sale Training For Homeowners

Homeowners Trying To Stop foreclosure In Sacramento

It is also helpful for homeowners to understand that  stopping foreclosure with a short sale takes diligence, persistence and follow-up. By working with a Sacramento Short Sale Specialist and a Folsom Area Short Sale Expert and Seasoned Short Sale Negotiator, you will increase your chances of stopping foreclosure, staying in the home longer, reducing the damage to your credit and staying in control of your destiny, your exit timing, and maybe your sanity.

I visit with folks all day long, who come to me through referrals, past clients, business relationships, Internet readers, and even people who call or email asking for information on my homes for sale, who are struggling with mortgage payments in theSacramento Area that are too big, banks that will not reduce principle balances, and the realization that they could be upside down for years and years and years on what is supposed to be their biggest financial foundation.

It’s nice to say we seem to be heading to a more predictable, stable market, where we can more predict time lines, with more predictable values and predictable outcomes to our offers, even if most of the homes sold are either going to be Foreclosures and Short Sales.

Stop Foreclosure In Folsom With A Short Sale

As a Short Sale Listing Specialist in Folsom and A Sacramento Certified Short Sale Specialist who likes to write about Short Sales, the new HAFA Government Short Sale Program and How The Short Sale Process Works, I am constantly communicating with Struggling and Upside-down homeowners in Folsom and the entire Sacramento area about how Short Sales Can Keep Homeowners Out Of Foreclosure, and Short Sale Information in general

I talked to two people Today Off My Website. Both were Struggling Homeowners who Are Upside Down In Folsom. They asked How Do I Short sell My Folsom Home? Both had questions about HAFA and how HAFA works and who is eligible for HAFA.

One was a man who’s home was already Folsom home listed as a short sale with another Realtor. He was wondering about HAFA, the new government short sale program otherwise known as the treasury’s HAFA Program and whether he would Qualify For HAFA- he had heard about it this morning on a news show and was doing some searches on the internet to find out more information on HAFA and see if he could qualify for the $3,000 in Relocation Assistance that the HAFA Government Short Sale Program provides for Homeowners who qualify for HAFA. What I find interesting is that many times, people will fill out a form on my site looking for help, but just as many will simply call me and ask questions.

This man’s lender was Bank of America, he only had one loan, the home was homeowner occupied (only homeowner occupied qualifies for HAFA) and he had done a loan modification, which failed when he lost his job.  I told him he was definitely qualified for HAFA and that he now needed to find out if hi investor (the entity that actually owns his note, probably not Bank Of America, but another investor who Bank of America was servicing the loan for).  I gave him the number to LOAN RESOLUTION, a company that is servicing as one of the HAFA administrators for Bank of America, where he could call in and check to see if his loan’s investor was participating in HAFA. Don’t know how to do this? Call me today and I’ll walk you through it!  Every bank is different. Call me at 916-316-3810.

What are the qualifications for HAFA? Sacramento HAFA SHORT SALE SPECIALIST Answers: Can I Do HAFA? HAFA Short Sale Facts And Fiction

This man’s home had been listed for several months and had been in contract with three different buyers. Another point of frustration for this Folsom Short Seller

Buyers more often than not get frustrated and walk in the long short sale process. -See how I ensure buyer commitment on my short sales and keep buyers in the game.

This Folsom Short Seller’s agent had never mentioned HAFA to him or Explained how HAFA worked or the benefits of HAFA .

So what is the HAMP/ HAFA Program? What about the Second Lien Modification Program (2MP) Or Home Affordable Refinance Program (HARP)?  WHICH DO YOU QUALIFY FOR? CHECK YOUR ELIGIBILITY NOW!

He wondered how he could find out it he qualified for HAFA and was kind of upset that  his short sale agenthad not even mentioned this program even thogh she knew his situation and that the HAFA Relocation Assistance would really help him out.  This man had been in middle management for a huge Construction company and had been out of work for over eighteen months and was just getting ready to move his family to Texas, where he had finally found a job.

The other call was from a nice Folsom Short Sale prospect who had already moved to Texas (seems to be a trend!) and she had sold all but one of her several Sacramento area income properties in 2004 and 2005 and re-bought rentals in Texas.  The one property she still had was in Folsom and had been her parents residence (This lady had also lived in Folsom quite close to this property).

She also asked about HAFA and whether she could qulify for it.  I told her that HAFA is for homeowners, not investors.  We went on to talk and because of her situation, (her husband had just lost his job and she was a long ways upside-down on a monthly cash flow basis). I again told her that HAFA is for homeowner occupied but she could definitely do a traditional short sale on investment property. I explained that WHEN WE STARTED THE SHORT SALE PACKAGE, SHE COULD DOCUMENT THAT WHE WAS LOSING MONEY AND COULDN’T”T CONTINUE. I told her it was a must to state  in her hardship letter to the bank,  that she couldn’t go on and was looking at either short sale vs foreclosure .  I told her that she would definitely be able to do a traditional short sale for this property.

More questions about how to short sell in Folsom? Questions about HAFA? Or just need someone to visit with about your particular situation? Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

Bank Of America's Deficiency Language in Short Sale Approvals

Forth Hoyt’s Sacramento Short Sale Center Presents More Information on Short Sale Deficiency in California.  Homeowners in Folsom, El Dorado Hills and the entire Sacramento metro area are looking for foreclosure options, answers, choices and ways to save their credit and stop foreclosure.

08/23/10 LEGAL ALERT! READ  ABOUT  New Deficiency Protection For Sacramento Short Sales

Just got a call from a nice agent in Danville.  She called me off my website; the Sacramento Short Sale Center at wereheretohelp.org…  she was doing Google searches for information on California deficiency law as it relates to short sales and foreclosures in California,and came across my site-  she was trying to gather information on how to react to a short sale approval letter from Bank of America that contains deficiency language.

She kinda figured I would be a Specialized Short Sale agent and was sure I was familiar with California Deficiency Law and how it relates to Short Sales and Foreclosure law  in California.  She introduced herself and asked if I could help her find some information on California Short Sale Deficiency Law and how it relates to short sale approval letters coming from Bank of America.

So I asked some questions; she has a client who she has been working with for a couple months, they have a first lien with Bank of America, it is a first loan only (no second mortgage) and the loan is original purchase money. The home is the client;’s primary residence. I know you can negotiate a Bank of America short sale approval letter without deficiency, in this hoemeowner’s case- however, it is not easy.

I also asked her about HAFA; HAFA; the latest government short sale program strictly states that there can be no deficiency language in the approval letter coming from the banks or lenders. Find out more about HAFA here: Search  and review the entire Archive for the ‘HAFA GUIDE AND HAFA NEWS’ Category.

This was not a HAFA short sale; The approval letter from Bank Of America clearly states that the lender reserves the right for deficiency on the mortgage and the client doesn’t want to sign it.

Don’t blame them

The agent has been working on the file for months, as I said and she was trying to find some way to talk the client into going through with the sale even with  the deficiency language from Bank of America.

I told her that as far as I know; because it is the original purchase money loan, and it is homeowner occupied; current California Law reads that Bank America cannot pursue a deficiency judgment. But most of the time, the folks you are dealing with at Bank of America don’t know this and don’t care- the file must be escalated to a , manager, to legal, or to the office of the CEO.

She asked if I knew of a good attorney to talk to about the issue and I said that yes I did, in fact I have several; however none of them would ever tell the client to sign the agreement, they would just explain the California Deficiency Law and the alternatives and let the client decide themselves… in the meantime, the agent should escalate the file to the legal department and try to get the short sale deficiency language removed.  One of the best sources of California Foreclosure, Short Sale and Real Estate Law, and deficiency information in the Sacramento Area is Stevebeede.com and as he says: “For example, in California where we practice law, if the loan in question is a purchase-money acquisition loan for a 1-4 unit property in which the borrower lived, that loan is non-recourse as a matter of law.”

You see; I explained, the banks position is that even if the home goes through foreclosure, they will take the same position on deficiency; THEY MAY PURSUE A DEFICIENCY JUDGMENT EVEN AFTER FORECLOSURE! They probably certainly wouldn’t now because there are California state laws that protect defaulted homeowners from deficiency, but they could still pursue it!  No matter if they do a short sale, foreclosure or even loan modification, the bank will take the same position!  They want to jockey for the best possible position no matter what and give their investors the leading edge.

Again, as of right now, every attorney I have ever asked says there is no deficiency for purchase money, homeowner occupied first loans in California, but the bank will never concede to agreeing to that, until you get the file to upper management, and even then you may not get it done!

What if the state law for some reason were to change and allow deficiency judgments?  How would Bank of America answer to the investors that they service?  They are just not going to do that!

So the homeowner is right back at the original position and the original decision; Short Sale vs. Foreclosure? What are the benefits of a short sale? You are right back to the exact same question; the only benefit in this case would be the borrowers credit score, rating and ability to buy again… just keeping the foreclosure off the record. Because as far as deficiency is concerned, short sale is just like foreclosure- the banks and servicers have exactly the same rights!

More questons on your particular situation? Contact us Today At Forth Hoyt’s Sacramento Short Sale Center.

Short Sale Help and Short sale Information

HAFA PARTICIPATING BANKS LENDERS AND MORTGAGE SERVICERS

Which banks are in the HAFA program?  Which banks are participating in HAFA? Who are the HAFA participating banks? How do I find out if my Bank is participating in HAFA?I am getting differendt versions of the same question very frequently.

I have been directing many people to the Making Home Affordable Website to find out if their bank, or lender is participating in the new government short sale program; HAFA.  I thought I would just take a minute and post that list here at wereheretohelp.org

Find out if you qualify: Can I Do HAFA? HAFA Short Sale Facts And Fiction

Or read HAFA Facts, HAFA Frequently Asked Questions and HAFA Guidelines

New Government Foreclosure Prevention Program Eligibility- Which Programs Do You Qualify For? More questions about your particular situation? 

HAFA Participating Mrtgage Servicers/ Lenders:

HAFA HELP, HAFA FACTS AND HAFA ANSWERS

Sacramento 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?
Just like any Short Sale, the homeowner sells the property for market value, which is less than the full amount due on the mortgage. Should be called a Short Pay Sale.

What’s Different About a HAFA Short Sale? If a homeowner qualifies  for a HAFA Short Sale, the  short sale servicer approves the Short Sale terms prior to the Short Sale Agent listing the home and then accepts the payoff in full satisfaction of the mortgage. Also of note: in a HAFA short sale, there can be no lender recourse, so HAFA Short Sale, full settlement language must be included. There can be no deficiency judgment on a HAFA short sale

What other alternatives to foreclosure are in the Making Home Affordable Program?
The Making Home Affordable Program includes other  foreclosure avoidance options through the Home Affordable Foreclosure Alternatives (HAFA) Program. The primary options available through HAFA include HAFA Short Sale and HAFA Deed-in-Lieu of Foreclosure.

New Government Foreclosure Prevention Program Eligibility- Which Programs Do You Qualify For?

How does the HAFA Deed-in-Lieu of Foreclosure work?
With the HAFA Deed-in-Lieu of Foreclosure, the homeowner voluntarily transfers ownership of the
property to the servicer in full satisfaction of the total amount due. The servicer may require that the
homeowner list the home with a short sale agent and market the property before they agree to a deed-in-lieu arrangement. In order for the Deed-in-Lieu of Foreclosure to work, the homeowner must provide a marketable title, free and clear of other mortgages, liens, or other encumbrances.

How Does a Deed-in-Lieu of Foreclosure Affect My Credit Score? When a homeowner does a Deed-in-Lieu of Foreclosure it does affect their credit score. A Deed-in-Lieu of Foreclosure is recorded exactly as a foreclosure on your credit report.  Your  score will  down by 250 points or so.  However, you can try and rebuild your credit but just like a foreclosure, the deed in lieu gets reflected on your credit report for 7 years.  At the end of the 7th year, you can request the bureaus to remove the deed-in lieu  from the report.

What Other Government Programs Do You Qualify For? CHECK YOUR ELIGIBILITY NOW!

What do I need to do to be considered for HAFA?
Contact you bank(’s) or servicer(’s) immediately and ask if you qualify and/or if your investor(’s)  is/are participating in HAFA.

They will tell you that homeowners must be evaluated for HAFA within 30 calendar days of the following:

• The borrower does not qualify for HAMP.
• The borrower does not successfully complete a HAMP Trial Period.
• The borrower is delinquent on a HAMP modification.
• The borrower requests a short sale or Deed-in-Lieu of Foreclosure.

However, before evaluating a homeowner for HAFA, a participating servicer must first consider that
homeowner for other loan modification or retention programs that they offer. In addition, pursuant to the servicer’s policies, every eligible homeowner must be considered for HAFA by a HAFA participating servicer before the homeowner’s loan is referred to foreclosure and before the lender or servicer may allow a pending foreclosure sale to continue.

Are you in Folsom, Granite Bay, El Dorado Hills, Natomas, Roseville, Elk Grove, Mather, Lincoln, Rocklin, or any other Sacramento area? We really are here to help!

More Questions About your Situation? Talk To A Certified Foreclosure Prevention Expert Today!

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

Or

Find if you qualify for your 1st or 2nd Lien Modification Program (2MP) harp

Folsom, CA 95630 Short Sale Stats Show Short Sale Approvals In Folsom Continue To Increase!

Folsom Short Sale Help and Folsom Short sale Information.

Short Sale Stats for Folsom from Folsom Anti-Foreclosure Specialist and Multi-Certified Short Sale Expert Forth Hoyt. 

Short Sale Approvals in Folsom and Pended Folsom Short Sales Continue to Surge!  …yet closed short sales in Folsom are still way behind.  Where’s the Disconnect? Either failed or delayed Short Sale closings!

Folsom Certified Short Sale Specialist Answers: Why Do A Short Sale?

You can see from the graph above that pended short sales (short sales go pending immediately after third party Short Sale  approval) have really surged, yet the number of closed short sales are not keeping up.

See the chart below to see that in may, there were 20 short sale approvals (pended Short Sales) in Folsom, but only 13 of those Short Sales closed in June, (Sold).  So there were either escrow delays or they fell out of escrow. We’ll see in a few days when July’s Short Sale Statistics are released.

1 month			1 year
	May 10	June 10	% Change	June 09	June 10	% Change
For Sale	65	57	-12.3%	54	57	5.6%
Sold	19	13	-31.6%	12	13	8.3%
Pended	20	49	145%	15	49	226.7%

So Short Sales in Folsom May be getting some traction and finally providing a viable Anti-Foreclosure Option to Folsom Homeowners.What Is A Short Sale?

It is interesting to note that while banks, servicers, lenders, investors and (especially) the government are all trying to come up with programs to keep homeowners in their homes and avoid foreclosure, they have not been able to come up with any kind of foreclosure solution that will keep people in their homes…  Not willing to do principle reductions on more than 2% of all loan modifications, short sales seem to be the way the industry and government are all directing people to stay out of foreclosure.

New Government Foreclosure Prevention Program Eligibility- Which Programs Do You Qualify For? CHECK YOUR ELIGIBILITY NOW

With all of the focus on keeping people in homes, you would think that foreclosure filings would be down. They are not. Foreclosure Trustee Auction Notices in Folsom have Gone Up. Many many times, Folsom homeowners in foreclosure ask “how do I short sale my Folsom home and Stop the Foreclosure? Are you a Folsom Homeowner who needs to find a short sale agent in folsom? Find out today! 

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center For short sale information in Sacramento County, Placer County and El Dorado County

See the Map below to see the Folsom Foreclosure or Trustee  Auctions that have been noticed just in the last month or so… (most are within 21 days).

Folsom Foreclosure Auctions 7 25 10

The Investors, servicers and lenders have been postponing these trustee auctions for some reason or another at a rate of nearly 90% some days.  Not just Folsom foreclosures, but for the entire state of California so the number of foreclosures in Folsom that actually go back to the bank in Folsom or become Folsom REO properties have been pretty stable: they range from the 50’s to the 80’s and have been doing so for a couple of years. These bank owned homes include properties now on the market, also those in eviction status and/or being repaired to get ready for MLS.  The number of Bank Owned properties in Folsom that are on the market for sale in our MLS has also stayed very stable- from the low twenties to the high thirties usually, occasionally REO inventory in Folsom can be as high as the low to mid forties, but then reverts back to the normal range usually quite quickly.

Are you in Folsom, Granite Bay, El Dorado Hills, Natomas, Roseville, Elk Grove, Mather, Lincoln, Rocklin, or any other Sacramento area? We really are here to help!

More Questions About your Situation? Talk To A Certified Foreclosure Prevention Expert Today!

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center For short sale information in Sacramento County, Placer County and El Dorado County