Redding Short Sale Team

Free Government Programs to Stop or Avoid Foreclosure – Redding CA

There are a many federal government programs available to provide distressed property owners with solutions. See which program matches you, your hardship and your families situation best.

• (HAFA)- Home Affordable Foreclosure Alternatives

Questions

Are you currently unable to make your mortgage payment?
Do you believe in the near future that you will be unable to continue making the mortgage payment?

Answer

The HAFA Program may assist the home owner in working with their bank to alternative to foreclosure such as short sale. HAFA will also decide if your bank will pay the home owner to participate in the short sale of the home. This money would assist with relocation and moving.

• (HAMP)- Home Affordable Modification Program

Questions

Are you struggling to make any of the mortgage payment? If the monthly mortgage payment was reduced could you possibly make it then?

Answer

HAMP will help the home owner in reducing monthly payments instead of foreclosure.

• (HARP)- Home Affordable Refinance Program

Question

Are you making your mortgage payments on time?
Have you been attempting the many hurdles to refinace your payments to a more affordable level?

Answer

The HARP Program was created to help home owners thru the many loops of home refinacing.

• (2nd)Second Lien Modification Program

Question

Has the first mortgage been modified under the Home Affordable Modification Program (HAMP)?
Are you still struggling with payments due to a second lien?

Answer

The Second Lien Modification Program (2MP) is for homeowners who are struggling with payments in part because of a second mortgage on the property. This government program offers a way to lower payments on the second mortgage. 2MP is a complementary program to the Home Affordable Modification Program (HAMP), so it is meant for those who have already modified their first mortgage through HAMP

• How to Avoid Foreclosure Scams:

These are a few of the PROMISES to watch for.
1.You will get cash to walk away from your mortgage.
FALSE. Not every home owner or every piece of property qualifies.
2. Pay a Fee
NEVER. Counseling is available for free to everyone and in all languages.
3. Pay a third party your mortgage instead of your bank.
NEVER. Only pay the lender that has given you the mortgage.
4. A Guarantee
FALSE.

Take action, find out more about your options and learn if you are eligible.

Contact Directly (530) 921-1063 or ask a question.

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Government Programs to Stop or Avoid Foreclosure – Redding CA

Redding CA – Short Sale – Buyer Opportunity in Crown Estates–Like new Ochoa and Shehan Home offers a beautiful floor plan and upscale amenities. This 3 bedroom and 2 bath home with 1527 square feet offers Earth Advantage energy savings. Great room with cathedral ceiling, pantry and kitchen Island. Tiled floors and Knotty Alder cabinets highlight this lovely home. With custom lighting and upgrades that include a jetted tub in the master bath.

Crown Meadows Community offering upsale Ochoa & Shehan homes.

Tile for style and durability both for counter tops and flooring. Alder cabinets add warmth and custom light a glow that is a comfort.

An Open floor plan offers all lifestyles grace and comfort.

Two tone paint and wall to wall carpeting intregrate living and recreation.

Redding CA – Short Sale – Buyer Opportunity in Crown Estates–The master bedroom offers a master suite perfect for relaxing with a jetted tub to end the day on just the right note. This lovely Ochoa & Shehan home is a short sale opportunity. Call today for a private showing.

Offered at $229,000

7136 Daybreak Court

MLS #11-3036

I am Jeanean Gendron, your Redding and Shasta County Specialist. You can reach me at 530 276-7417. I answer my phone.

I am HAFA Certified!

Jeanean’s Listings

All Active SHORT SALE Listings

All Active FORECLOSURE Listings

Redding and Shasta County Real Estate Resource

How Much Is My Home Worth ~ Search all Homes in Shasta County ~ Dream Home Finder

Search for Schools in Redding and Shasta County

Visit my main real estate website that provides you with the ability to Search the MLS and to set up an account so that you can save searches and select favorite properties. I also have many saved searches for you to take advantage of. There are saved City Searches and Community Searches. We also save Foreclosure Listings and Short Sale Listings.

Visit and learn more about The Shasta Lifestyle and the experience of living here in Shasta County.

Here are my blog sites:

The Gendron REO Connection

Short Sale Help for Sellers

Redding Real Estate Ramblings

Redding Properties and Land

Shasta Listings

Western Properties and Land

Northern California Properties

California Properties and Land

New Homes Shasta County

ReddingRealEstateLuxuryHomes.com

Redding Elegant Homes

The Redding Golf Lifestyle

Owning Your First Home

Many families in Redding CA and across the nation are facing

Redding Real Estate – Short Sale Opportunity – Custom Home in Lake California –located in the Lake California Gated Community, this 2007 Custom home offers 2400 square feet of room for any lifestyle. This 4 bedroom home has a sound proof media room, tile and granite throughout.

Front View of 19539 Wildwood Place, Cottonwood, CA.

Entry way.

Kitchen with granite tile and laminate flooring.

Kitchen built-in and wine rack.

View from Dining Room to Living Room.

View from Living Room to Entry and Kitchen.

Redding Real Estate – Short Sale Opportunity – Custom Home in Lake California–This lovely custom home has many extra built in amenities. It is suitable for many lifestyles.

Priced to sell at $220,000. This is a short sale opportunity.

Call for a Private Showing Today!

530 276-7417

Specializing in Short Sales in Shasta County!

I am Jeanean Gendron, your Redding and Shasta County Specialist. You can reach me at 530 276-7417. I answer my phone.

~

Jeanean’s Listings

Redding Luxury Homes

All Active SHORT SALE Listings

All Active FORECLOSURE Listings

Redding and Shasta County Real Estate Resource

How Much Is My Home Worth ~ Search all Homes in Shasta County ~ Dream Home Finder

Search for Schools in Redding and Shasta County

Visit my main real estate website that provides you with the ability to Search the MLS and to set up an account so that you can save searches and select favorite properties. I also have many saved searches for you to take advantage of. There are saved City Searches and Community Searches. We also save Foreclosure Listings and Short Sale Listings.

Visit and learn more about The Shasta Lifestyle and the experience of living here in Shasta County.

Here are my blog sites:

Redding Real Estate Luxury Homes

Redding Elegant Homes

The Redding Golf Lifestyle

Redding Real Estate Ramblings

Redding Properties and Land

Shasta Listings

Western Properties and Land

Northern California Properties

California Properties and Land

New Homes Shasta County

Owning Your First Home

Redding Real Estate – Short Sale Opportunity for Investors – 1721 Cabello Street, Shasta Lake, California–Cute remodeled 2 bedroom 1 bath home is charming.

View from the Street.

Cozy Living Room with new flooring and pellet stove.

Newly remodeled kitchen with new flooring.

Dining area.

Additional room for office or family room.

Redding Real Estate – Short Sale Opportunity for Investors — This remodeled home has new flooring and remodeled kitchen. Pellet stove and bonus room for use as an office or family room.

Priced attractively at $75,000. It is an approved HAFA Short Sale.

Call today for a Private Showing!

530 276-7417

Specializing in Short Sales in Shasta County!

I am Jeanean Gendron, your Redding and Shasta County Specialist. You can reach me at 530 276-7417. I answer my phone.

~

Jeanean’s Listings

Redding Luxury Homes

All Active SHORT SALE Listings

All Active FORECLOSURE Listings

Redding and Shasta County Real Estate Resource

How Much Is My Home Worth ~ Search all Homes in Shasta County ~ Dream Home Finder

Search for Schools in Redding and Shasta County

Visit my main real estate website that provides you with the ability to Search the MLS and to set up an account so that you can save searches and select favorite properties. I also have many saved searches for you to take advantage of. There are saved City Searches and Community Searches. We also save Foreclosure Listings and Short Sale Listings.

Visit and learn more about The Shasta Lifestyle and the experience of living here in Shasta County.

Here are my blog sites:

Redding Real Estate Luxury Homes

Redding Elegant Homes

The Redding Golf Lifestyle

Redding Real Estate Ramblings

Redding Properties and Land

Shasta Listings

Western Properties and Land

Northern California Properties

California Properties and Land

New Homes Shasta County

Owning Your First Home

What is a HAFA Short Sale?-Redding

HAFA is a government organized Home Affordable Foreclosure Alternatives (HAFA) program for distressed homeowners to sell their homes to avoid foreclosure, even if the sales price is not enough to pay off their existing home loans. Under HAFA, a participating lender will pre-approve the terms and conditions of a HAFA short sale and give the borrower several months to market and receive and offer on the property using a licensed real estate professional.

HAFA Short Sale Redding Procedures :

* Your bank evaluates you the borrower for a loan modification under HAMP.
* Lender evaluates borrower unable to complete HAMP modification for short sale.
* Lender issues Short Sale Agreement.
* Borrower lists the property for sale using a licensed real estate agent.
* Agent markets and sell the property.
* Borrower and agent submits to lender a Request for Approval of Short Sale.
* Lender approves within 10 business days.
* Sale close! And property is transfered

HAFA Short Sale Redding Agreement:

Home Affordable Foreclosure Alternatives Program (HAFA) A Short Sale – Redding

The U.S. Treasury Department created the Home Affordable Foreclosure Alternatives Program (HAFA) for mortgage lenders to establish a short sale process and deed-in-lieu of foreclosure policies, procedures and forms for homeowners.

A short sale is a real estate transaction in which the proceeds from the sale of the property will fall “short” of paying off the loan amount. The lender decides that a “short” pay off and taking a moderate loss is better than foreclosing on the homeowner.

A “Deed in Lieu” of foreclosure is a legal process in which a homeowner gives all interest in a property to the lender to satisfy a loan that is in default and avoid foreclosure proceedings.

A benefit to the borrower is that it hurts his/her credit less than a foreclosure transaction will.

The Making Home Affordable program was created to help the foreclosure crises and has two primary programs Home Affordable Modification Program (HAMP) and Home Affordable Foreclosure Alternatives Program (HAFA) were designed to protect homeowners from foreclosure or provide better alternatives to foreclosure for them.

Home Affordable Modification Program (HAMP) was created to provide rules and incentives for loan modifications.
Homeowner who could not qualified for HAMP because of insufficient income or homeowners that were unable to complete a HAMP modification may qualify for a HAFA short sale in Redding.

HAFA allows the homeowner to receive pre-approved short sale terms prior to putting the property up for sale with a licensed real estate agent.

A valuable feature of HAFA short sale requires the mortgage carrier to fully release the homeowner from future liability for debts. (No deficiency liability)

HAFA Short sales in Redding also may provide financial incentives to homeowners, banks, servicers and investors to complete and participate in the HAFA short sale process or deed-in-lieu of foreclosure, instead of a traditional foreclosure.

Contact the Redding Short Sale Team for A Free Private Consultation.

Meet The Redding HAFA Short Sale Team

The Redding HAFA Short Sale Team was created because we are concerned with the foreclosure crisis affecting Redding, California.

Rather than just sit by and do nothing, we decided to take the team approach. That’s how we got started. We want to help families in Redding keep their wits in this difficult times.

Foreclosure is a difficult but very very real thing and devastates many families in Redding each year. However, you are not alone.

You may want to get a reduced payment thru a loan modification or do a Redding HAFA short sale.

We are here to help. Our goal is to educate you on your options.

When you have the right knowledge and the right team you will be communicate more effectively with the banks and mortgage lenders.

Keep your Home California may Help Stop Foreclosures in Redding

A new program that is a government funded program to help homeowners who live in California that are having difficulties making their monthly mortgage payment may be helped by Keep Your Home California.

Homeowners in Redding, California may be eligible to received some of the funding to help keep their homes. The government has set aside close to $2 billion dollars in monies for this home preservation program.

What can the funds be used for?

• Unemployment Mortgage Assistance Program

This program allows the borrower to make their home loan payments for a set period of time, while they seek employment. It is an assistance program aimed at helping the unemployed not lose their home to foreclosure while they are looking for a new job.

• Mortgage Reinstatement Assistance Program

The Mortgage reinstatement programs provides assistance to help bring a borrower’s delinquent home loan current. From here the homeowner and loan may be consider for modification to help the owner keep the home.

• Principal Reduction Program

The home loan balance may be reduced in order to stop foreclosures and promote a sustainable monthly home payment.

One last offer will be the

• Transition Assistance Program

which means the homeowner will vacate the home but will get financial assistance to relocate. The owner must stay in the home and maintain until property is transferred. This is help maintain the home, neighborhood and community.

Redding homeowners requirements to qualify for these programs are, but not limited to-

• Occupy the property as their primary residence
• Current unpaid laon balance of first lien cannot be more than $729,750
• Be able to provide a documented hardship
• Mortgage loan may already be delinquent or may become late in the foreseeable future
• Current income levels will not sustain mortgage payments according to your lenders guidelines

For complete information about this and other programs that may help stop foreclosure in Redding California contact the experience team Redding Short Sale Team for Free.

“Workout” mortgage options may be available to Redding Ca Homeowners to avoid Foreclosure.

If you are a home owner in Redding Ca and begin to feel you can no longer make your monthly home loan payment, it is time to contact your lender to discuss some options that may be available to you such as loan modification, short sale, or even deed in lieu of foreclosure.

First and most important, if you can keep paying your mortgage, continue to do so.

Repayment Mortgage

A Repayment option is when the monthly payment is made along with an additional amount to “repay” what was owed. This way the defaulted amount is paid back slowly over time. The homeowner may be able to get reach an agreement with the lender to continue making a monthly payments, in addition to a portion of the past due payments each month until the loan is paid off.

Forbearance

Another option that may work for the lender and borrower is to suspend the monthly payment for a set period of time. Although suspending payments can happen, some lenders choose just to reduce the payment for a set amount of time instead. Either case is considered forbearance on a mortgage and could be worked out between homeowner and lender.

Reinstate the Loan

The lender may also accepting the total amount owed to them in one large payment by a certain date. If the homeowner can show they will be receiving the funds from another source (gift,IRS,settlement..etc.) the bank may see that as an good option to hold off foreclosure and wait for the lump sum. Reinstating and Forbearance often go hand in hand or are combined to workout for the owner and the lender.

If the Redding homeowner has a long term hardship a permanent loan modification may be in order.

Home Affordable Modification Program-HAMP

The federally ran program provides struggling homeowners the chance to modify the home mortgage to make them affordable. The borrower must apply to their lender to see if they qualify.

Packets are free and help is always free..Never pay! Contact me to receive a Free Packet and How to Guide