Archive for April, 2012
Short Sale Tax Consequences- Property Taxes- Income Tax- Foreclosure Questions
Do I have to pay income taxes..I have heard that I will get a 1099. Will the
I have not missed a mortgage payment- Can I do a Short Sale?- Pre foreclosure Real Estate Questions-Redding Ca.
I have not missed a mortgage payment- Can I do a Short Sale?- Pre foreclosure Real Estate Questions-Redding Ca.
Do I have to miss a payment to do a Short Sale?
No.
Late last year most major lenders started accepting short sale offers from sellers who have never missed a payment.
If you have already missed a payment, or feel you can longer make them. Contact us TODAY, and we will explain to you some options and help with alternatives that are available to you.
Another commonly asked question…
I want to do a short sale and have two mortgage, am I still eligible?
YES. Both of the mortgage lenders will
Questions about Short Sales, Foreclosure options? Answers by a Real Estate Agent-Redding CA.
Questions about Short Sales, Foreclosure options? Answers by a Real Estate Agent-Redding CA.
The buzz words of real estate…short sale, foreclosure, pre foreclosure and REO? What do these mean and how to they affect the home owner and potential buyer?
The
Pre Foreclosure Questions-Who Pays the Real Estate Agent?-Short Sale Answers-Redding, Ca.
Pre Foreclosure Questions-Who Pays the Real Estate Agent?-Short Sale Answers-Redding, Ca.
The last home owner who wanted to short sale the real estate and move did not know that the home owner does NOT pay the real estate agent, the escrow officer or the title officer.
We will negotiate with the mortgage lender, (your bank ) for the bank to pay the commission along with ALL of the other closing costs.
The home owners
How can I get a Loan Modification?-Questions about Foreclosures and Short Sales-Redding Ca.
How can I get a Loan Modification?-Questions about Foreclosures and Short Sales-Redding Ca.
How can I get a Loan Modification to avoid or stop a foreclosure?
A loan modification is where the home owners mortgage lender modifies the existing home loan payment to a lower payment to try to help the owner to continue to stay in the home and keep the payments current.
Read the fine print! Most loan modifications are temporary but there are some that are offered for the life of your loan. Be sure it is clear what type has been offered.
If you are in need of a loan modification a good place to start is to speak with a Making Homes Affordable representative to have them help determine what you may be eligible for.
Get free advice from a housing expert, A HUD-approved housing counselor will work with you and your mortgage company on YOUR behalf, and their expertise is available for FREE. Call for Free 888-995-HOPE (4673) to speak with an home preservation specialitst about your individual situation.
Is short sale an option?
A short sale is when a mortgage lender (your bank) is willing to let you sell the property for
Questions and Answers on Short Sales and Foreclosures in Redding CA.
Questions and Answers on Short Sales and Foreclosures in Redding CA.
Short Sale Question One: How long does the Short Sale process take?
Rumor: I’ve heard the short sale processes takes “forever” and a day.
Answer:
Foreclosure Questions? Foreclosure Help experienced by the Redding Short Sale Team.
Foreclosure Questions? Foreclosure Help experienced by the Redding Short Sale Team.
Redding Ca. Short Sale Real Estate Agent – Why Short Sale your home?
Redding Ca. Short Sale Real Estate Agent – Why Short Sale your home?
Pre Foreclosure Questions-Mortgage Insurance-Short Sale Answers-Redding, Ca.
Pre Foreclosure Questions-Mortgage Insurance-Short Sale Answers-Redding, Ca.
Most home buyers must purchase mortgage insurance because the lender requires it. This item was not something that you could have opted out of at the time of the home purchase.
The mortgage insurance is required by the lender, the bank or mortgage company loaning the money to purchase the home. If the borrower is putting less than 20% of the purchase price as the down payment on the real estate the borrower has no choice but to buy mortgage insurance.
Why? The less down payment on the real estate property, the higher the risk for the bank that is loaning the money for the mortgage.
In a nutshell. the bank or mortgage lender is wanting some protection or insurance in the case the new home owner has to default or stop paying the mortgage.
If the property is being considered for a short sale transaction, it will be important to know if the mortgage loan has private mortgage insurance. The company that is insuring the home loan will be notified of the offer to purchase the property.
Your real estate agent will notify and negotiate the terms with the current mortgage holder, the mortgage insurance company (if there is one involved) and any other liens or taxes on the property, during the short sale transaction.
To have all of your short sale questions answered call today (530) 921-1063 Laura Reilly Realtor lic 01760446…