Tag: homes
Redding Homeowners wanting to sell their homes in a short sale are getting some relief-Short Sale-Redding CA
Redding Homeowners wanting to sell their homes in a short sale are getting some relief, thanks to the federal government’s Home Affordable Foreclosure Alternatives, or HAFA, program.
LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!
Can I Short Sale my Home to A Family Member?-Redding CA
Can I Short Sale my Home to A Family Member?-Redding CA
Short Sale transactions are in essence where a “underwater” homeowner sales the home for less then the amount owed on the mortgage. Creating a loss for the bank that had the mortgage on the property.
A struggling homeowner can not sell the property to a relative or family member.
This type of transaction is called an “Arms Length”. Meaning the other party is an arms length away.
Short sale transactions in real estate were created to prevent homeowners from getting their homes back at a discounted price.
The result is that the short sales contract will have specific language where all parties swear they are unrelated, not in business together, and that the transaction does not involve any hidden arrangements.
It is not uncommon for a home to have multiple liens from several banks with a financial interest in the property.
In most cases a short sale requires the agreement of not one lender but two or even three. This can happen when the property secures a home equity line of credit or there is another lien such as a second mortgage.
There are a wide range of short sale loan, situations and homeowners have many options.
Ways to Contact Us Direct (530) 921-1063 Laura Reilly
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Short Sale Certified by the National Association of Realtors License #01760446
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LOOK at REAL short sale approval letters, Homeowners Released and PAID relocation !!
Can I Short Sale my Home to A Family Member?-Redding CA
How Does Your Bank Rate in A Short Sale?-Redding CA
How Does Your Bank Rate in A Short Sale?-Redding CA
The Redding Short Sale Team is noticing that banks are shifting away from sales of foreclosed (REO) homes in favor of pre-foreclosure short sales in Redding CA.
More good news! Banks are speeding up short sales after settling the robo-signing Bank of America issues, noting that lenders are offering distressed home owners cash incentives for doing a
New Short Sale Time Lines For Underwater Home Owners-Redding CA-Help at Last?
New Short Sale Time Lines For Underwater Home Owners-Redding CA-Help at Last?
There are new short sale guide lines set down by housing giants Fannie Mae and Freddie Mac, underwater home owners who are seeking to sell their real estate for less than what they owe must now receive decisions from their mortgage holder within 60 business days. That’s business days.
There’s a catch of course. They are placing the burden on the distressed home owner to provide documents and all documents must be “readable”.
The Redding Short Sale Team can provide you a list of all documents and will help you prepare the package. Contact us today to learn about your options (530) 921-1063
The new short sale rulings take effect June 15, apply only to mortgages owned or rolled into securities by Fannie Mae and Freddie Mac.
These two mortgage giants are the main conduits between primary lenders and investors in home loans.
More than 10 million American home owners are said to be underwater with their home loans.
Many of these home owners need to move or have to move, and many of them would rather sell at a loss through a short sale transaction
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-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 CA – Short Sale Protecting your Identity
A Short Sale is a real estate sales
Prompt Decision for Qualification for Short Sale Act of 2011-Redding
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