Redding Short Sale Team

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…

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Pre Foreclosure Questions-Mortgage Insurance-Short Sale Answers-Redding, CA.

Prompt Decision for Qualification for Short Sale Act of 2011-Redding

A new bill to improve the process for approving short sales real estate transaction may soon bring relief to distressed property owners who are unable to keep their homes or make the mortgage payment but still hope to avoid foreclosure. The bill is strongly supported by the National Association of Realtors, and most likely distressed home owners, communities and neighborhoods everywhere. This bill would impose a deadline of 45 days on lenders to respond to short sale requests.

What is a short sale request?

A short sale request is when an

Redding Real Estate – Short Sale Opportunity – Large Home with Views–This large home offer room for many lifestyles. With views of the Eastern Mountain Ranges, this three bedroom, 2 bath home offers opportunities for the discerning Buyer.

View of Home at 4285 Pleasant Court, Cottonwood, CA.

View from Entry to Living Room and Kitchen.

View from Dining Area to Living Room.

View of large Living room.

View of Dining Area and Kitchen.

View of Kitchen.

View from the Kitchen to the Living Room.

View from the Trex Deck which is partially covered.

Redding Real Estate – Short Sale Opportunity – Large Home with Views–this large home offers a workshop and bonus room for projects. A remodeled kitchen is light and airy.

Priced attractively at $159,000.

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 – 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

Redding Real Estate – Short Sale Opportunity – Custom Home in Hidden Hills–Views of the Northeast Mountain Range surrounding Redding CA in this three bedroom home in Hidden Hills. Built in 2003 with an Open floor plan, this sweet home is perfect for many lifestyles.

Home sits up high for good views of the Northeastern Mountain Range.

Living Area with Open Floor Plan.

Eastern exposure for the kitchen with pantry and wrap-around work area. Perfect for the gourmet!

Lots of cabinet space and work room. Central to the home.

Master bedroom with Bamboo flooring.

Master bath with garden spa.

Redding Real Estate – Short Sale Opportunity – Custom Home in Hidden Hills–Lovely home in Hidden Hills with views and Open Floor Plan. Perfect for all lifestyles. Call for a private showing.

Priced attractively at $239,000

Call Jeanean today for a Private Showing!

530 276-7417

This is Your Dream – Don’t Lose it!

Specializing in Unique Properties 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 – 13440 Luna Drive – Indian Hills Country Estate–In one of Redding’s most beautiful estate communities of Indian Hills, we have a lovely custom home on 3.4 acres. With three bedrooms and additional office, you have a unique property for any lifestyle. The three car garage offers room for projects and toys.

Custom home with many upgraded construction elements.

Formal Dining Room.

Entry way to Living Room and Office.

Kitchen View with “Eat in Kitchen” area and Breakfast Bar.

Master Bedroom Suite.

Master Bath Room with walk in shower.

\

Walk-In Shower.

Office or Den.

Seasonal stream on the back of the property.

Redding Real Estate – Short Sale Opportunity – 13440 Luna Drive – Indian Hills Country Estate–Living the lifestyle you love here in Shasta County, California. We live in a truly beautiful area and our prices are affordable. Call to day for a private showing.

Priced attractively at $299,000

Call Jeanean today for a Private Showing!

530 276-7417

This is Your Dream – Don’t Lose it!

Specializing in Unique Properties 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

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.