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....
Sacramento Loan Modification Help From a Certified Foreclosure Options Expert
You've Gotta Try! Nearly 5% of Loan Mods Are Successful!! I have been asked several times; Who can help me with my Sacramento loan modification? Finally! Sacramento Loan Modification Help! Sacramento Short Sale Expert Forth Hoyt; Folsom's Multi-Certified Pre-Foreclosure Expert and Home Retention Advocate, along with Foreclosure Options Experts At Wereheretohelp.org and Folsom Keller Williams have written and recently compiled an in-depth loan modification packet to help Sacramento Area Homeowners keep their homes. This is a brand new report that includes step by step loan modification instructions and "do it yourself Loan Mod Kit" available for free! Read The Entire Story And Order Your Loan Mod Kit Today!
Unaffordable Mortgage? How To Start A Loan Modification
[caption id="attachment_5292" align="aligncenter" width="350" caption="Loan Modification Help In Sacramento"][/caption] Has your mortgage payment become unaffordable? Considering a loan modification in Folsom, El DorAdo Hills, Roseville, Natomas, Elk Grove or West Sacramento? Need someone to help with your Sacramento area Loan Modification? Read more and check Government Foreclosure Prevention Program Eligibility here. Homeowners never want to lose their home. And it's never an easy decision for an underwater homeowner or investor to do a short sale or strategic default. As a Certified Short Sale Specialist and an experienced short sale agent, I spend much of my time talking to homeowners in Folsom, El Dorado Hills, Shingle Springs, Cameron Park, and even West Sacramento, Roseville, Rocklin, Natomas and Elk Grove and the entire Sacramento area who...
How Do I Short Sell My Folsom Home? What Will HAFA Do To Help Me?
[caption id="attachment_3501" align="aligncenter" width="400" caption="Stop Foreclosure In Folsom With A Short Sale"][/caption] Hi! I am 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'm 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 who both called off my website. Both were Struggling Homeowners who are Upside Down In Folsom. They both basically asked "How Do I Short sell My Folsom Home?" Both had questions about HAFA ; how HAFA works and who...
Fannie Mae Institutes the “Alternative Modification”
Sacramento Certified Pre-Foreclosure Specialist Report: Fannie Mae's Alternative Modification [caption id="attachment_1761" align="aligncenter" width="375" caption="Fannie Mae Institutes Alternative Modification for those who don't qualify for HAMP"][/caption] Modification News from DSNews: Servicers are working faster and more diligently to convert trial modifications to permanent status under the administration’s Home Affordable Modification Program (HAMP). In February, the number of mods in thepermanent column increased 45 percent compared to January. But the bitter truth is that some homeowners won’t qualify for long-term relief even after successfully making their trial payments – whether it’s because of insufficient documentation during the final application process or because once income is verified, their debt-to-income ratio pushes them out of the qualifying bracket. To offer these homeowners another option, Fannie Mae is instituting...
Four Popular Options To Foreclosure
Forbearance Agreement An agreement with your mortgage company; the terms under which you are able to keep your home by remaining current on your mortgage and repaying the delinquent amount over time. Loan Modification A loan Modification is any agreement that adjusts the terms of your loan, such as interest rate, term or principle. These are done to make the payments more manageable for you. Short Sale A sale of teh property where your lender approves a discounted payoff of all existing mortgages. In simpler terms, the lenders accept the proceeds generated by a market sale of the property as the payoff amount on the outstanding loans. Short Sales are frequently approved and escrows closed with no out-of-pocket costs paid by the seller. Bankruptcy A legally declared inability or...
White House Sends First Pre-Foreclosure/Loan Mod Report Card
Program was designed to help 4 Million Homeowners... Bank of America and Wells Fargo both got very low marks on the Obama administration's first monthly report card on the program designed to help stem the foreclosure crisis. But the real problem lies in the vact that only 15% of eligible borrowers were offered the loan modification program. In March, the government launched a $50 billion program to help up to 4 million financially troubled borrowers by modifying their loans to lower the payments. But the administration is off to a slow start; according to the first monthly progress report on the performance of the loan modification program introduced by the Obama administration, only 15% of the borrowers eligible to participate in the program have been...
GAO’s Newest Report On TARP
[caption id="attachment_233" align="alignright" width="300" caption="Loan Modification Program Off To Slow, Shaky Start"][/caption] In another (this is the sixth) report to congress, the GAO (United States Government Accountability Office) has made new recommendations to the Troubled Asset Relief Program (TARP) in a report that focuses on the Department of the Treasury’s (Treasury) efforts to establish its Home Affordable Modification Program (HAMP). The Entire Report Here: The first page of the report is an easy read that discusses the Treasury Actions Needed to Make The Home Affordable Modification Program More Transparent and Accountable. Here is the Report's Full Page, it gives a great overview of the report and it's findings: Under HAMP, Treasury will use up to $50 billion in TARP funds to (1) modify the first-lien mortgages of homeowners in...
GAO: Federal Loan Modifications Projections Overstated… HAMP Struggles
[caption id="attachment_229" align="alignright" width="250" caption="Loan Modifications Projections Were Way Overstated"][/caption] It seems that a lot of the good news about loan modifications lately have been not based on real numbers, but on assumptions made by the Obama Administration and the Treasury Department... the Home Affordable Modification Program is just getting off the ground and is struggling to get rolling. According to a story I saw today in DSNews: The Obama administration’s plan to modify unsustainable mortgages could fall short of its goal, according to a report released last week by congressional investigators at the Government Accountability Office (GAO). The watchdog agency said the administration’s projections of helping three to four million homeowners lower their monthly payments through the Home Affordable Modification Program (HAMP) “may be...
Free Foreclosure Avoidance Counseling
Foreclosure Advice From a Sacramento Short Sale Specialist Homeowners: where do you go for foreclosure advice? Go to someone you trust, find a reputable and highly trained expert, or go to gather your own information and do your own due dilligence.... Beware of Loan Modification and Foreclosure Avoidance scams; help is available free of charge... One great place to start: HOPE NOW Whether you simply can't refinance out of your adjustable mortgage because values have decreased or you have experienced a hardship and just don't make the same income, there's programs to help you The Obama Administration in connection with HUD and the Treasury Department have developed a comprehensive Homeowner Affordability and Stability Plan (HASP);. Homeowners may be eligible for a special Making Home Affordableloan...
Enter your email to subscribe.
