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 !!
Levels of Luxe: New and Luxury Homes In Redding
Scenic Redding boasts some of the most impressive houses in Northern California, from expansive, ranch style spreads to Tudor and Elizabethan mansions that would rival any European estate. Whether you want to upgrade because of a promotion or downsize due to retirement, there is an abundance of new and luxury homes in Redding that will enable you to find your dream home.
The upswing of new construction has generated several planned urban developments that offer new and luxury homes in Redding. With amenities such as floors with 18-inch tiles, granite countertops, walk-in pantries, pre-wired internet connections, 9 foot or 10 foot ceilings, classical architecture and more, these homes offer amenities usually found only in much more expensive homes. Many of these subdivisions also have nature trails that safely accommodate the pursuit of physical exercise while preserving the natural habitat of the surrounding area.
Lassen Vista is one such development. Located just northeast of Lake Blvd and Interstate 5, Lassen Vista offers new and luxury homes in Redding with four semi-customizable floor plans. These homes range in size from 1710 square feet to almost 2600 square feet. Affordably luxurious, these homes are uniquely designed with open floor plans that maximize the feeling of spaciousness.
The planned urban development of Highland Park in central Redding raises the standard for elegantly affordable homes. With available amenities such as crown molding, an Italian range in the kitchen, and a claw foot tub in the master bath, these homes will become the standard by which other developments are measured.
In addition to its luxuriously sumptuous homes, Highland Park also has a recreation park that spans seven acres and contains other recreational areas within its boundaries, including open spaces and a creek.
Those who prefer more established communities also have an abundance of luxury homes from which to choose, both with acreage and without. In addition, many upscale condominiums are on the market and include amenities such as granite countertops, built-in appliances and spectacular views. One such community is Sunset Oaks. Located in the heart of Redding, this community of upscale townhouses is conveniently located as well as beautifully planned and maintained.
Established, luxury homes and new homes in Redding with ample acreage are abundant and range from affordably luxurious to palatially extravagant. Regardless of your need, there is a new and luxury home in Redding that will enthrall you.
So browse our selection of new and luxury homes in Redding and let us help you find your dream home!
Short Sales and Housing Shortage In Redding CA
Short Sales and Housing Shortage In Redding CA
A short sale is the sale of property where a seller homeowner agrees to sell the home for less than they owe on the mortgage.
This process is helpful to banks and homeowners alike, this process HAS been far too long for all but the most tenacious of home buyers and can take several months to a year to complete.
But alot of that is about to change.
Starting Nov. 1, Fannie Mae and Freddie Mac the housing giants; gave nine private mortgage insurers the ability to approve short sales and deeds in lieu of foreclosure for distressed homeowners without requiring a separate review.
The amazing move is expected to reduce delays, costs and uncertainty involved in processing short sales and deed in lieu, according to mortgage giant Freddie Mac.
The Redding Short Sale Team applauds the nation’s mortgage insurers for committing to work with homeowners and buyer and the servicers to help more borrowers obtain short sales and other foreclosure alternative.
Short sales and deeds in lieu of foreclosure are important tools to prevent foreclosures and help struggling homeowners.
Are you interested in learning about the short sale process and if it can help you?
Contact us…
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 Sales and Housing Shortage In Redding CA
Repairs and Short Sales-Redding CA
Repairs and Short Sales-Redding CA
Many homeowners ask ” Do I need to do repairs or fix things in my home during a short sale transaction?”
The simple answer..
NO
The buyer needs to add the cost of the repairs to the purchase price and determine if this is still a good deal for them. Some buyers may choose to do the work themselves, or to purchase the property as is.
In all short sale cases the current homeowners usually do not
FHA Home Loans Available 3 Years After a Short Sale-Homeowners recover more quickly-Redding CA
FHA Home Loans Available 3 Years After a Short Sale-Homeowners recover more quickly-Redding CA
The ability to get an FHA loan so quickly after a short sale could be welcome news to thousands of homeowners, who are thinking about a short sale, but want to buy another home in the future.
The Federal Government mortgage giants Fannie Mae and Freddie Mac make people wait seven years after a foreclosure, while the FHA will approve home loans after three years, providing the potential buyer has established good credit and the ability to pay back the mortgage.
There is a
Advice on Short Sales-Where to Get Help-Redding CA
Advice on Short Sales-Where to Get Help-Redding CA
For homeowners in Redding CA considering a short sale of their home, it is important to have good legal advise from an attorney, and experienced real estate agent and a tax accountant who can help guide the homeowners.
The homeowner can learn about the positive effects of doing a short sale, such as debt relief and debt forgiveness.
Some of the negative side effects of a short sale is a ding on your credit, you will have to move out of the house.
It is so important that homeowners who are thinking about going forward in a short sale real estate transaction hire a very experienced real estate agent.
The Redding short sale team can provide you with a free list of consultants and free resources to turn to for advise.
One common issue is when the bank approves a short sale but the homeowner has other liens on the title.
We will negotiate with all lien holders on the title in order to get the property sold.
Contact us today if you are thinking about 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 !!
Advice on Short Sales-Where to Get Help-Redding CA
When You Are Ready to Discover Houses for Sale in Redding
A Redding Real Estate Agent Can Help Your Find a Home in Redding
Redding, Calif., is easily accessible off Interstate 5 in Northern California. It is a popular destination for those to stop on their way to Sacramento and points south, and the city has plentiful shopping, recreation and entertainment options. Redding offers high value in real estate at a price you can afford. If you have dreamed of owning a piece of Northern California real estate, houses for sale in Redding might be a nice option for you to consider in the current housing recovery.
When it comes to California real estate for sale, Redding can be an excellent place to start looking for your first investment, a second home or a place to settle down and retire. The city accommodates various lifestyles and can easily become a place for you to call home. If you are just beginning your search for homes to choose from, Real Living Real Estate Professionals can answer your questions, link you with a professional agent and help you take the first steps toward a successful real estate deal. The site
Why do Banks take short sales?-Redding CA
Why do Banks take short sales?-Redding CA
A short sale is how a homeowner can sell the property for less than what is owed on the mortgage. This requires approval from the bank that has the mortgage on the property.
Once the short sale is approved, the lender may either ask for the difference in what is owed, token payments that are a fraction of what is owed or nothing at all.
One of the goals of the Redding Short Sale Team in handling the short sale is to negotiate complete forgiveness of the deficiency.
Most Banks (Bank of America, Wells Fargo and Chase) prefer that underwater homeowners do a short sale rather than give up their property to foreclosure.
How a short sale is better for both the homeowner and the banks.
Not only can the struggling homeowner buy another home years earlier and easier than if they went through a foreclosure, the banks make more money. Which you know the bank will like.
Be careful, if an offer to purchase comes in too low, the banks will opt for a foreclosure instead. Your bank will do what is best for the bank. If they can make more money on the short sale they will take it.
Foreclosures are tremendously expensive for a bank and they really don’t want your property.
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 !!
Why do Banks take short sales?-Redding CA
Banks-Short Sale to Get Easier Nov. 1, 2012-Redding CA
Banks-Short Sale to Get Easier Nov. 1, 2012-Redding CA
Mortgage loans owned by the real estate giant Freddie Mac will instruct its servicers to move more quickly and efficiently in order to help homeowners and home buyers through the short sale process.
This new arrangement authorizes Freddie Mac to approve short sale real estate transaction or deeds in lieu of foreclosure (DIL) for distressed homeowners with Freddie Mac owned and/or guaranteed home mortgages without a separate and potentially time consuming review by the mortgage insurance company.
This major announcement builds on recent federal government and Freddie Mac efforts to encourage more short sales.