Tag: for sale
Short Sales are Not the Same as Foreclosures-Redding CA
In turn the bank agrees to accept less then the full amount owed on the mortgage.
LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!
CitiMortgage-Selling your Home in Redding CA-Short Sale
CitiMortgage-Selling your Home in Redding CA-Short Sale
There are many options if you are looking to sell your home that is backed by a CitiMortgage home loan.
Short Sale.
A short sale is when you sell your house for less than the principal balance of the existing mortgage.
In a short sale, the homeowner maybe experiencing a financial hardship. The property will be listed for sale at less than what is owed on the existing mortgage.
CitiMortgage can agree to accept less than the full amount owed in order to consider the mortgage obligation complete.
In a short sale situations, you must be willing to leave your home and must work with CitiMortgage to ensure the process is fully documented. But in turn, you will be fully relieved of the debt.
One of the short sale options that may be available to you is the government’s Home Affordable Foreclosure Alternatives (HAFA) Program.
HAFA provides additional options to avoid costly foreclosures and offers cash incentives to borrowers, servicers and investors who utilize a short sale rather than proceeding with a foreclosure process.
To learn more about the HAFA Program and the program rules and process that CitiMortgage get started with a Free Consultation today.
As an added benefit to the struggling homeowners. Short Sales are ALWAYS free. There in NEVER a charge or commission fees.
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 !!
CitiMortgage-Selling your Home in Redding CA-Short Sale
Short Sale Help with Moving Expenses-Redding CA
Short Sale Help with Moving Expenses-Redding CA
Lenders are offer incentives in the form of cash to help short sale homeowners move on to their next stage in life.
When you choose to work with a short sale real estate agent, we will show you all of the incentives currently being offered by your lender.
Lenders offering incentives are Bank of America, Chase, Wells Fargo and well as Fannie Mae and Freddie Mac backed loan.
Right now a HAFA style short sales are the most popular benefit, as it provides you with $3,000.00 towards your relocation costs provided you qualify.
Another incentive of allowing the short sale vs. foreclosure is the mortgage debt relief act, which through 2012, the already struggling homeowner will be exempt from taxes if the Redding home was the principal residence and the sale was under a certain price point.
Approximately 37% of all homes for sale are short sales. Mortgage Banks are working with homeowners who are in hardship due to various reasons.
Short Selling a home is nothing like a traditional sale. It requires having strong and continuous education about banks processes and knowing how to properly package the offer with your short sale package in a way that banks will respond.
It is constantly following up with the banks to ensure that they receive all your documentation and keeping thorough notes. It takes skill, time, knowledge, experience and patience to get short sales approved.
Looking for more information on a Bank of America Short Sale, Chase Short Sale, Wells Fargo Short Sale, Citi Short Sale or a GMAC Short Sale or other Banks?
We believe we offer a thorough understand of the short sale process. To truly negotiate a short sale that benefits the seller in every possible way.
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 Help with Moving Expenses-Redding CA
JP Morgan Chase short sale-Help for Homeowners-Redding CA
JP Morgan Chase short sale-Help for Homeowners-Redding CA
A JP Morgan Chase short sale involves the sale of the home that is secured by Chase home loan or line of credit whereby the proceeds of the sale are not enough to pay the balance in off.
JPMorgan Chase is one of the Big Four banks of the United States with Bank of America, Citigroup and Wells Fargo.
A short sale is an option to struggling homeowners who can no longer afford their property or are unable to continue to maintain the home and want to sell. If the expected proceeds from the sale are insufficient to pay the loan(s) in full, a short sale may be possible.
You will have help.
A Chase Home Loan Loss specialist will work with you and the real estate agent during the process to ensure all approval requirements are met and a timely decision is made.
How do I start the Short Sale process?
If you want to sell the home because you can no longer afford the payments, contact the Redding Short Sale Team Direct (530) 921-1063 about listing your property for sale.
If you want to keep the home but are unaware of the current options or whether you may qualify for a loan modification, start with contacting Chase to learn more about home retention options provided by Chase.
A buyer will make an offer on your property, then the homeowner will need to help provide information to complete the short sale packet for Chase bank. The Redding Short Sale Team will help you gather these documents.
How long does the short sale process take?
Once all required documentation is submitted a decision is typically completed within 1 to 4 months but can take upwards of a year.
Some reasons decisions may be delayed include low offers for your property which are under fair market value and second mortgage holders held by other banks need to agree to a short sale. Depending on the type of loan, an investor and/or insurer may also need to approve the short sale.
Will the Short Sale affect my credit score?
The completion of a Short Sale will affect the credit rating. The final disposition of a completed Short Sale may be reported as “Account paid in full for less than the full balance” on the credit report.
Does Chase or real estate agents charge fees for a Short Sale?
No.
Neither Chase nor real estate agent will charge a fee for processing or completing a Short Sale.
Beware of anyone that attempts to charge you for the FREE service.
I want to give my property back to JP Morgan Chase. I have heard this is possible by a Deed in Lieu of Foreclosure. Is this an option?
This may be an option however it is recommended the Short Sale option is reviewed first.
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 !!
JP Morgan Chase short sale-Help for Homeowners-Redding CA
Short Sale Facts-Does your bank do HAFA?-Redding CA
Short Sale Facts-Does your bank do HAFA?-Redding CA
What does HAFA mean?
HAFA is a federal government program
Bank of America Short Sale the HAFA Process-Redding CA
Bank of America Short Sale the HAFA Process-Redding CA
What is HAFA?
A Federal Government Program to Help Homeowners Who:
Can
Top Three Short Sale Ideas plus Two Helpful Tips-Redding CA
Top Three Short Sale Ideas plus Two Helpful Tips-Redding CA
1. Do I have to sell home?
Do not assume you have to sell your real estate and move: check about other options. Loan modification or deed in lieu or foreclosure maybe a better option for you situation.
Do you really prefer to keep the house if your payment could be made more affordable instead of selling? If so, you should call your loan Servicer – the company that sends you your mortgage bill every month. Ask them about any loan modification programs you may qualify for.
2. What is a hardship?
Banks are much more willing to forgive debt for struggling home owners who have been hit with an unplanned hardship such as job loss, employment hours cut or medical emergency bills. Get your paperwork together so you can make a case for any debts you are unable to pay back to be forgiven.
Document your financial hardship.
3. What if I don’t like the terms of the short sale?
Don’t be afraid to say no later in the process. In a short sale, you often won’t know the final terms offered to you by your lenders until long after you listed your property for sale. Be sure you review the terms approved by the lenders on your short sale, it is your right and responsibility.
TIP ONE
Ask about relocation assistance. Most banks such as Bank of America and Wells Fargo have special programs and offer financial assistance for relocation in the event of a short sale. If the home owner leaves the home in good livable condition they may be compensated.
TIP TWO
Check with a tax adviser. Even if you don’t have one, check with someone to ensure your don’t have a bad tax surprise caused by debt forgiveness.
Want to know more? Contact us below or Direct (530) 921-1063
Top Three Short Sale Ideas plus Two Helpful Tips-Redding CA
Is There A Silver Lining To A Short Sale?-Redding CA
Is There A Silver Lining To A Short Sale?-Redding CA
For starters Short Sales are Free to the home owner. There is never and commissions paid by the struggling home owner.
Why are short sales favorable? They are less traumatic and damaging than a foreclosure.
There a some things to consider when the home goes up for sale as a “short sale”:
You will receive offers on the property, and the highest offer may not be the best offer. The buyer must be patient because the short sale process can take 6 months or longer.
Get the financial paper work in order. You’ll need to gather a list of the required paperwork. Your real estate agent will help you prepare the financial documentation to provide all of the mortgage lenders.
The items are common items such as bank statements, tax returns, pay stubs and a hardship letter.
Who to determine the “asking” price of a short sale?
The listing price of the home will be determined by market value minus repairs if needed. The initial price is usually the lowest comparable in the neighborhood.
You may need to reduce the price if the home does not receive any offers.
If you can not afford to pay the home mortgage any longer?
Tried a loan modification but your efforts do not seem to get any where?
Want to avoid the hassles of a foreclosure? A short sale could alleviate your mortgage issues.
The short sale is a process through which a home is sold for less than the amount owed on a mortgage balance, and the home owners lender agrees to reduce the loan balance. They are becoming increasingly popular.
Discover your options today, Direct (530) 921-1063
Redding CA Short Sale – 4 Steps For Chase Bank Loan Modifications
Redding CA Short Sale -Chase Bank and Loan Modifications.
What is a short sale?
A short sale is the term banks and Realtors use when a home is sold for less then is owed on it. The bank is accepting less money then originally promised and is getting paid “short” on the loan.
What is a loan modification?
A loan modification is when there is a permanent change to the terms of a mortgage to make it more affordable for