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El Dorado Hills Short Sale Help: Having Financial Problems? Tell Debt Collectors To “Get Lost”
El Dorado Hills CA – Most of the short sale sellers that we help are selling this home because of financial problems. They can't afford the payments and sell their home to avoid foreclosure. Because of this I am very familiar with helping my customers who have financial problems. Many of them are struggling to buy groceries, keep the power turned on, and pay for gas to get to work. They are struggling to pay for the necessities just to survive and...
Here’s Proof That Your Bank Actually Wants You To Short Sale Your El Dorado Hills Home
El Dorado Hills CA – A recent article in the Tampa Bay Times shows how much lenders prefer short sales to a foreclosure. It discussed how Bank of America recently came out with new short sale incentives. Bank of America is willing to pay borrowers up to $30,000 for moving expenses to short sale their house. I doubt that many homeowners will receive $30,000. Most will receive the lower amount of $2,500. But that is still better than repaying your lender thousands...
El Dorado Hills Short Sales: Why Do Bank Negotiators Break The Rules?
El Dorado Hills CA – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules. This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow FHA’s Specific Instructions on how to handle the short sale. Here's what happened. FHA sends all of the lenders who handle their loans a letter called...
El Dorado Hills Short Sale Deficiencies On “Sliced & Diced Loans?
El Dorado Hills CA – Another common type of loan that does not usually have a deficiency is a “Sliced and Diced” loan. A “Sliced and Diced” loan is a loan that has been securitized along with a bundle of other loans. Here is how that happened. John gets a loan from ABC Bank. ABC Bank is running out of money to lend out. So, they sell 1,000 of their mortgages to Goldman Sachs. Goldman then securitizes that bundle of 1,000 mortgages...
http://www.viddler.com/v/fb0b3e22 Thanks for reading this, John J Hayes. John J is a Real Estate Agent at RE/MAX Gold. Phone: 530-306-3316. [email protected] "Hard Work and Dedication" View My homes for sale at www.johnhayesrealestate.com/home-search. John Hayes specializes in loan modification assistance and short sales in El Dorado Hills California. El Dorado Hills Loan Modification Help, El Dorado Hills Short Sales. El Dorado Hills Short Sale Realtor. Sacramento CA Loan Modification Help, Sacramento CA Short Sales. Sacramento CA Short Sale Realtor. Folsom CA Loan Modification Help, Folsom CA...RE/MAX Highest in Customer Satisfaction J.D. Power: John Hayes
In the 2011 J.D. Power and Associates Home Buyer/Seller Study released today, buyers and sellers award RE/MAX the highest rankings in customer satisfaction. It’s clear: RE/MAX Associates are the ones consumers trust most to guide them through one of the most challenging real estate markets ever seen in the U.S. View the buyer survey results View the seller survey results "I want to personally thank and congratulate every one of you for contributing to this prestigious recognition," says RE/MAX Chairman and Co-Founder Dave Liniger....
Worried About Owing Money After A El Dorado Hills Short Sale?
El Dorado Hills CA – We recently received an email from Joy. She was thinking about a short sale, but was worried about a deficiency. Here is a sentence from her email: "We obviously want to get the price as close to fair market value as possible to eliminate or reduce any deficiency the bank may assess, but also want the house to move as quickly as possible." Here is the good news for Joy. In about 80-90% of all cases the...
Folsom-El Dorado Hills Loan Modification Tips: How To Gain A Negotiating Edge Over Your Lender
Folsom-El Dorado Hills CA – Thinking about a loan modification. If you can afford to, then order an appraisal. Or, do your own appraisal. Ask your realtor “Hey, what are houses in my area selling for?" I've seen people who bought a house for $500,000. Guess what’s it selling for today? $300,000. If your house has had a 40% drop in value, then you shouldn’t be paying a mortgage payment based on a value of $500,000. You should be paying a mortgage...
Yes, I Do Think A Folsom-El Dorado Hills Loan Modification Is The right Thing To Do
Folsom-El Dorado Hills CA – I received a note the other day from Andrew. He was upset that I would tell people that are upside down on their house to ask for a principal reduction from their lender. Here was his email. "I saw your blog post about how the banks won't approve principal reductions for people who are struggling financially. You recommended that anyone upside down should short sale their house because that is the only way to get the amount...
Another Example Of Just How Lousy A Folsom-El Dorado Hills Loan Modification Is For You
El Dorado Hills CA – Are you pulling your hair out trying to convince your lender to reduce the amount you owe on your home? People have a hard time grasping how difficult it is to get a loan modification that is fair. These banks just do everything they can to squeeze homeowners for as much money as possible. Here is an example of a homeowner that accepted a forbearance agreement with their lender. The homeowner was desperate to keep his home...
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2340 E. Bidwell St
Folsom, CA 95630
Office: 916-984-8778
Direct: 530-306-3316
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