Redding Real Estate
Pre Foreclosure-Short Sales-Real Estate Options in Redding CA
The Redding Short Sale Team at Real Living Real Estate, a company that provides a full suite of real estate services to home owners who need help with short sales or who are looking to sell a home.
Bank Pays Moving Costs To Short Sale Sellers-Real Estate-Redding CA
Bank Pays Moving Costs To Short Sale Sellers-Real Estate-Redding CA
Bank of America publicly announced that it will pay their short sale home owners moving costs upon successful completion of the short sale of their home.
Many Redding, CA residents may qualify for these benefits, which Bank of America states will range from $2,500 to $30,000.
Bank of America regulations say that on order to be eligible for moving costs payments, short sale home sellers must have completed the sale prior to the end of this year, 2012.
Short sale home owners who are currently in the process of selling their homes, but have not yet completed the sale,
Free Government Programs to Stop or Avoid Foreclosure – Redding CA
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.
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(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.
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(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.
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(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.
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(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
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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.
Government Programs to Stop or Avoid Foreclosure – Redding CA
Can I sell my home back to Wells Fargo? Foreclosure Questions and Answers-Redding CA.
Can I sell my home back to Wells Fargo? Foreclosure Questions and Answers-Redding CA.
There is a way to sell the home and avoid foreclosure, but the home will be sold to a new buyer and neither you or Wells Fargo will have to go the foreclosure process.
Here is what the home owner can expect to happen during the short sale process:
The struggling home owner must provide Wells Fargo with financial and tax information, explaining the difficult situation that has happened and why they are unable to make the mortgage payments any longer.
A Wells Fargo representative review the documents and tax information and determines if the mortgage, home owner and real estate qualifies for the short sale.
If the mortgage qualifies, Wells Fargo will work closely with you and the real estate agent helping you to determine an acceptable sales price and the amount of time the real estate will have to be for sale.
Together, the home owners, Wells Fargo, the real estate agents involved in the transaction and the new buyers will work through the details and steps to sell the home at an agreed-upon price inorder to avoid a foreclosure sale.
Did you know
Bank of America offering up to $30,000 – Redding Ca.-Short Sale
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
Bank of America offering up to $30,000 – Redding Ca.-Short Sale
Negotiating with second mortgages-Short Sale Questions and Answers- Redding CA.
Negotiating with second mortgages-Short Sale Questions and Answers- Redding CA.
Most recently, a home owner asked the following questions about second mortgage sand short sales.
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
Pre Foreclosure Questions-I Have Two Mortgages?-Short Sale Answers-Redding, Ca.
Pre Foreclosure Questions-I Have Two Mortgages?-Short Sale Answers-Redding, Ca.
We often hear this question . ” I want to do a short sale my home but I have a second mortgage, does this make me I do not qualify for the short sale?”
No.
Both of the mortgage
Pre Foreclosure Questions-Property Taxes-Short Sale Answers-Redding, Ca.
Pre Foreclosure Questions-Property Taxes-Short Sale Answers-Redding, Ca.
A very common concern for home owners who are thinking about selling their real estate is “Will I still have to pay property taxes if I do a short sale?”
Property taxes do always have to be paid as part of any accepted short sale. Your real estate agent will negotiate with your mortgage lender , and ask the lender to absorb the taxes. In short, pay the property taxes to free the property of all liens.
Contact us today to start the process to help remove these burdens from you. Direct (530) 921-1063
Pre Foreclosure Questions-Property Taxes-Short Sale Answers-Redding, Ca.
If you want to sell your house in Redding Ca. but it
Redding Real Estate – Short Sale Advice – Careful Who You Talk To!
Redding Real Estate – Short Sale Advice – Careful Who You Talk To--I was on Trulia Voices over the weekend and one of the questions being answered by a number of Realtors/Real Estate Agents was about Short Sales.
I was amazed at how many agents were giving legal and financial advice. The question of whether a short sale is the best alternative to foreclosure depends upon a person’s situation. Because it has ramifications on a legal and financial basis, the question can only be answered from a fragmented approach. As consultants in real estate, we as agents find it difficult when non-professionals give real estate advice or mislead with conjecture. The same is true of the other professional fields. I would not go to an attorney to learn about a medical problem.
As we learn and grow in this world, we acquire the knowledge that we must be in charge of our lives and realize that we cannot leave important decisions to others. We must manage our own affairs because no one will do as good a job and be as responsible about the outcome as we will.
When it comes to short sales, you as the Seller must learn about your options. You must speak with an attorney and/or financial professional based on your specific situation. They will advise you on how best to protect yourself and your remaining assets.There are times when you are better protected by foreclosure law or bankruptcy law.
If a short sale is the best alternative then you will want to research and learn about the agents in your area. You will want to find someone that has taken training and has closed many transactions. The one thing about short sales, is that it is dynamic in nature and changing. We learn all the time how to do things better. Any time that you are working with markets (dynamic and changing in nature) you will want to make sure that the professional you choose is current on trending market conditions and has invested in training, certifications and staying abreast of the latest in that market or niche.
Don’t let others make your decisions. You must do that yourself and you must be knowledgeable about doing so. If an agent tells you that the Short Sale is the only way to go and everyone is better off doing a short sale….well keep looking for another agent.
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!
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