Short Sales in Sacramento are up in 2015
[caption id="attachment_18508" align="aligncenter" width="300" class=" "] Short Sales in California are many times the reason for a foreclosure sale postponement[/caption] Short Sales in Sacramento are certainly up lately,California short sales and foreclosures up 2.2 percent Q1 2015 and as I look for reasons I come across information showing that Short Sales in California as a whole are increasing. Sacramento Short Sales are poised to increase further, as California is up 58 percent in Bank Repossessions (24-month high). The percentage of short sales and foreclosures advanced 2.2 percent in the first quarter of 2015, the largest increase seen since 2012. The new home distressed data from Clear Capital, shows that many areas are still struggling to recover from the losses seen during the...
Recourse After A Short Sale?
Short Sales Will be Effected By SB931 Can the bank come after you for the difference after a short sale? What are recourse rules in California? Sacramento Short Sales will surely increase and become more streamlined when SB931 goes into effect in January- why? Less to fight about! All First mortgages, whether owner occupied, refinanced, -whatever-, will automatically become non recourse for short sales in California. As a Sacramento Short Sale Specialist, and a certified short sale expert, I usually talk to several people each day who have questions about recourse, deficiency judgments, and the downfall or risk of a short sale. Please understand I am not a lawyer, I cannot give legal advice. But I have been present during many consultations...
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: Civil Code 580 non recourse second 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...
Fannie Mae and Freddie Mac Begin Government HAFA Short Sale Programs!
[caption id="attachment_2972" align="aligncenter" width="280" caption="HAFA Exclusive Coverage From A Sacramento CDPE Short Sale Expert"][/caption] Exclusive HAFA Coverage Looking Foor Information On Sacramento Short Sales? Need a Trusted Resource To Help You Decide To Do A Short Sale In The Sacramento Area? Sacramento Short Sale Service Provides Up-To-The Minute Short Sale Information For Sacramento Short Sales! Sacramento Area HAFA Short Sale Expert and CDPE Certified Sacramento Short Sale Specialist Provides Continual Coverage of HAFA; the latest Government Short Sale Program. Sacramento Short Sale Agent Reports GSE's to participate in HAFA. This will rewrite the Short Sale Definition. Since it's first roll-out in April, HAFA has already made a significant impact on short sale processing for the small number of homeowners actually able to qualify...
Sacramento Short Sales, HAFA, Bank America and Equator… “Houston, We Have A Problem…”
[caption id="attachment_2817" align="aligncenter" width="478" caption="Bank Of America's Equator System And The HAFA Program... "][/caption] Forth Hoyt Presents Additional Information On BofA's Equator System: Bank of Americas and the HAFA program on Equator; Just when Things were looking up... Some of our Short Sale Files on Bank America's Equator Short Sale System getting "campaign Codes" or HAFA codes, being put on hold and slowing things down AGAIN! We were finally getting up some speed! What's crazy, is that one of these was a Fannie Mae owned loan, and I know that Fannie Mae is not even participating in HAFA . Yes, BofA is participating in HAFA, Find out Which Banks Are Participating In Hafa... Home Affordable Foreclosure Alternative...Is HAFA just another government sponsored foreclosure delay? Sometimes an...
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...
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...
Sacramento Short Sale Specialist Reports Pending Sacramento Short Sales Surge
Sacramento Short Sale Statistics [caption id="attachment_1653" align="aligncenter" width="600" caption="All Sacramento El Dorado Placer Short Sales 03 11 10"][/caption] Sacramento Short Sale Specialist Presents Sacramento Short Sale Stats, Information and Short Sale Definitions At the current rate, Short Sales in the Sacramento area real estate market will be hard to find soon. Fifteen Hundred Short Sales have gone Pending in One Month! Read on to learn more Sacramento short sale numbers and short sale definitions. Sacramento, Placer and El Dorado County short sales going pending (and subsequently Short Sale Approved), are out pacing new short sale listings by nearly 28%. Just look at the below table of statistics for short sales in the three county Sacramento Metro area for February it shows there were 1124...
Sacramento Short Sale Specialist Reports 38% Of Sacramento Homes Upsidedown
Short Sales- They may be our only way out. Banks are still postponing all but around 15% of Trustee Sales. Not taking homes back and prolonging the foreclosure process and monthly catastrophic blows to homeowners credit reports... How else can you get out? Consider your other options. The hit to your credit through a prolonged foreclosure will be nuclear. I have several clients and know of several other agent's clients who have gone over 2 years without making a payment. Many of these people have already walked away from the home, moved out, are renting elsewhere and are trying to get on with their lives. But the banks won't let them- According to Real estate website Zillow.com more than one in three Sacramento County...
SACRAMENTO SHORT SALES NOW OVER 20% OF REAL ESTATE MARKET
Well First of all, Let’s just quickly define short sales: A real estate short sale is a sale of property in which the sale proceeds fall short of the balance owed on the property’s loan or loans. Sacramento’s Broken Real Estate Market has recently been a perfect storm for short sales. There have always been short-sales. Since people started buying real estate.... eons ago... Market prices go up and market prices go down, and if a homeowner has to sell when they are upside-down… well, you get the picture. Homeowners can have many reasons to sell their home in a Short Sale; any time there is a reduction in marketprice (value) along with the need for relocation, sickness, job loss, death or divorce, there is no other way besides just...
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