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What is a Redding Short Sale? A quick sale in real estate, also commonly called a short sale, happens when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments. What does it take to qualify for a Redding Short sale?
Is it possible for me to get money back for completing a short sale? Until recent times, it was almost unheard of for a home owner to get money back in a short sale. Things have changed for the better. The HAFA program, backed by the US Government, allows homeowners $3,000 to use towards relocation expenses. In addition, some lenders will offer generous incentives of their own in addition to money offered through the HAFA program. We have seen home owners get as much as $35,000 back to complete a short sale. Who will pay the Redding short sale Realtors® commission? In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your Redding short sale specialist as well. In almost all cases, a home owner in hardship will pay no out of pocket expense to complete a short sale transaction. How Can a Redding Short Sale Real Estate Agent help me? As a Redding short sale specialist, I have helped many home owners who are in a
Laura Reilly License Number: 01760446 Real Living Real Estate Professionals PHONE: 530-921-1063 ~ Your Redding Short Sale Specialist Realtor® ~
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Redding Short Sale Team
Redding Short Sale Process – How to Short Sale
While lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a Redding short sale. 
difficult financial season get a fresh start with a short sale. Short sales are not part of our “basic training” as real estate agents, and are something that should only be left to those of us who are especially qualified and experienced. Experience is everything when it comes. I’ll not only market your home in the traditional manor, but will guide you through this transition while simultaneously processing the short sale with your lender. 
What is a Wells Fargo Short Sale? – Redding CA – Short Sale
What is a Wells Fargo Short Sale?
In a short sale the homeowners have the option to sell your home for less than the amount owed on your mortgage.
By doing a short sale, the struggling homeowner be released from the obligation to pay back the primary mortgage under its original terms. And as the mortgage servicer, Wells Fargo Home Mortgage may accept the proceeds of the sale as payment in full.
This option can help homeowners avoid a foreclosure sale. A short sale may be considered even if the foreclosure process has started, but time is of the essence.
Contact us directly at (530) 921-1063 -Laura Reilly- to start a short sale today.
Depending on your situation, you may be eligible for a short sale through the federal governments Home Affordable Foreclosure Alternatives (HAFA) program, or through many different programs.
If the homeowners is looking for options to avoid a foreclosure sale a short sale should be considered. In some cases the foreclosure sale may be postponed once a written, signed offer is received and approved by Wells Fargo Home Mortgage.
The current homeowner can live in the home until the new owner closes, giving you time to make other relocation plans.
And you as the homeowner can be released from your obligation to repay your mortgage balance.
Ways to Contact Us Direct (530) 921-1063 Laura Reilly
or OnLine
Short Sale Certified by the National Association of Realtors License #01760446
Check Out My Credentials Here
LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!
What is a Wells Fargo Short Sale?
Underwater Homeowners Get Much Needed Short Sale Relief – Redding CA
Underwater Homeowners Get Much Needed Short Sale Relief – Redding CA
In an effort to conform California state law to a federal law at the end of Dec. 2012 which extended mortgage debt forgiveness, the CALIFORNIA ASSOCIATION OF REALTORS is sponsoring Senate Bill 30, so that struggling California homeowners on the brink of foreclosure can get much needed mortgage debt relief.
This bill will for one more year exempt the taxation of mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale or loan modification and that is including any principal reduction.
What does this mean?
Homeowners who want to or need to sell their home have 6 more months to do so. The average time a short sale takes is four to six months.
If you are thinking about selling or need to sell your home, time is of the essence. Contact us for a free consultation to see if you qualify for a short sale.
Ways to Contact Us Direct (530) 921-1063 Laura Reilly
or OnLine
Short Sale Certified by the National Association of Realtors License #01760446
Check Out My Credentials Here
LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!
Short Sale Mortgage Debt Relief Act Extended – Redding CA
Underwater Homeowners Get Much Needed Short Sale Relief – Redding CA
Short Sale Mortgage Debt Relief Act Extended – Redding CA
Short Sale Mortgage Debt Relief Act Extended – Redding CA
Mortgage Forgiveness Debt Relief extended through 2013
For huge numbers of financially distressed property owners of homes with underwater mortgages, this was the biggest issue in the entire fiscal cliff debate. The mortgage debt relief act provisions in the IRS tax code, first enacted in 2007, expired at midnight Dec. 31 on 2012.
Had Congress not acted, the IRS tax code would have reverted to its pre-2007 treatment of mortgage principal reductions or cancellations by lenders and banks, whether through loan modifications, short sales, deeds-in-lieu or foreclosures: All principal balances written off would be treated as ordinary income to the homeowners who received them.
For illustration, if a lender wrote off $80,000 of debt to facilitate a short sale, the seller would be taxed on that $80,000 at regular marginal rates, just as if they had earned it as income salary.
A return to taxation of principal reductions would have disrupted short sales , a growing segment of the home real estate market in 2013, and almost certainly would have encouraged more struggling home owners to take foreclosure and or bankruptcy.
Ways to Contact Us Direct (530) 921-1063 Laura Reilly
or OnLine
Short Sale Certified by the National Association of Realtors License #01760446
Check Out My Credentials Here
LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!
Short Sale Mortgage Debt Relief Act Extended – Redding CA
Wells Fargo Short Sale Facts – Redding CA
Wells Fargo Short Sale Facts – Redding CA
Wells Fargo bank owns 18% of their loans. They do not “own” most of the loans so what this means is when we are dealing with Wells Fargo home loans, we really are dealing with someone else.
69% of the loans Wells Fargo services are Fannie Mae, Freddie Mac or Ginnie Mae. 13% are private investors.
These are the people making the decisions about your Wells Fargo short sale transaction.
Fact – Wells Fargo has traditional been more flexible with HOA fees if the offer is for full market value or close to the Wells Fargo based asking price.
The Redding Short Sale Team will coordinate the existing homeowners, escrow and HOA if involved, Wells Fargo and the new buyers in the real estate transaction.
If an offer to purchase your home is received 30 days before a foreclosure sale date, Wells Fargo may postpone the foreclosure sale.
Time is of the essence in order to get a valuation (45-60 days) and a buyer along with being assigned a Wells Fargo negotiator.
We can help, find out what the process is.
Ways to Contact Us Direct (530) 921-1063 Laura Reilly
or OnLine
Short Sale Certified by the National Association of Realtors License #01760446
Check Out My Credentials Here
LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!
Wells Fargo Short Sale Facts – Redding CA
Chase Short Sale Facts – Redding CA
Chase Short Sale Facts – Redding CA
Deficiencies judgements in the State of California on Chase First Lien Mortgages short sales real estate transactions are waived 100% of the time.
Chase bank is beginning to offering struggling homeowners up to $48,500 in moving incentive payments. This moving incentive is only being offered to Chase homeowners who are already behind on their payments and is determined by what portfolio the loan falls in.
There is no way for the Redding Short Sale team to determine which homeowners will qualify for these moving incentives.
The best advice the Redding Short Sale Team can give to struggling Chase homeowners is they should work with an experienced short sale real estate agent.
Contact us directly to learn about the short sale process.
Direct (530) 921-1063 Laura Reilly-Realtor
Time is of the essence. Chase short sale negotiators are not permitted to reveal the “Chase” Price Opinion for compliance reasons.
It takes about 2 weeks from the time the valuation is done before Chase has a property value. So the sooner your start the better.
Ways to Contact Us Direct (530) 921-1063 Laura Reilly
or OnLine
Short Sale Certified by the National Association of Realtors License #01760446
Check Out My Credentials Here
LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!
Chase Short Sale Facts – Redding CA
How to Short Sale to Avoid Foreclosure – Redding CA.
How to Short Sale to Avoid Foreclosure – Redding CA.
Banks and other lending institutions are continuing to make strides in helping homeowners who want to sale their home inorder to avoid the sting of foreclosure.
For many years now homeowners have been turning to this foreclosure solution.
What is a short sale?
A short sale is when the lender on the property i.e. Bank of America, Chase, Wells Fargo, etc. agree to accept a purchase price from a new buyer that is smaller than the amount the current homeowner owes on the mortgage.
Another reason why short sales may become even more popular…
If the mortgage interest deduction is eliminated by the the US Congress because of the fiscal cliff issues, it would give many more underwater homeowners and other distressed property owners one more reason NOT to hang on to their homes.
Short Sales are a common and much needed real estate transaction in this US economy.
Want to learn about your options?