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.

Your Name (required)

Your Email (required)

Subject

Your Message

Government Programs to Stop or Avoid Foreclosure – Redding CA

Bank of America offering up to $30,000 – Redding Ca.-Short Sale

As part of its efforts to reduce the number of foreclosures in its pipeline, Bank of America announced that they will soon be offering relocation “cash” of up to $30,000 to delinquent and distressed home owners to help them to agree to a short sale instead of a foreclosure.

For months, major banks in the U.S. such as Chase and Wells Fargo have finally become more willing to embrace short sales as a cheaper, smarter and faster alternative to traditional foreclosure.

What is a B of A Short Sale?

This type of real estate transaction allow the banks to reclaim possession of the home and real estate far more quickly and cheaper than the foreclosure process, and as a result these houses are often in a much much better condition and with maintenance and landscaping still intact and more ready for sale to the new buyer.

In addition, study after studies have shown that these short sales will recoup more money for the lender than foreclosures.

Finally…

What took B of A so long to listen?

Because short sales can result in more dollars to Bank of America, some mortgage lenders have decided to start offer financial incentives (cash) to help homeowners who can’t pay their mortgages to participate to a short sale.

Bank of America first tested the incentive payments in a start up pilot program in Florida.

Under that pilot program, Bank of America paid up to $20,000 to borrowers who sold their homes in short sales.

Chase and Wells Fargo have and are in the process of testing similar cash incentive programs.

According to B of A’s website, this is a limited-time program and available only on properties that are pre-approved as short sales.

Bank of America states they actively encourage their home owners to seek short sale advise and soon.

The home sale must begin by the end of 2012 and close escrow by Sept. 26, 2013.

The exact cash compensation is determined case-by-case based on a calculation that involves the structures value, the amount owed and other “unknown” factors.

Bank of America appears to be serious about quickly implementing the program.
And hopefully other major lending institutions will be as quick to follow.

Now is the time to contact the Redding Short Sale Team today before Bank of America changes their mind!
Call today to sell your home (530) 921-1063
of Ask for a free consultation below

Your Name (required)

Your Email (required)

Subject

Your Message

Bank of America offering up to $30,000 – Redding Ca.-Short Sale

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