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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...
Will My Lender Sue Me After A El Dorado Hills Short Sale?
El Dorado Hills CA – Many people are concerned about a potential lawsuit after a short sale. Many people ask us, "My lender just lost $150,000. Aren't thing going to be angry that they are losing that much money? Won't they sue me?" The good news is that very few people will get sued. The vast majority of all short sale sellers will be released from the debt as a condition of the short sale. We have reviewed hundreds of short sale approval...
Folsom Ca-Bank of America expands short sale incentive to $30,000
Folsom Ca- Looks like BofA is following suit to Chase and Wells. BofA is offering up to $30,000 for the seller to participate in a short sale. This is good news for home owners that have been denied a loan modification. The bad thing about this is you will not know if you qualify until you start the short sale and then you will be hand picked for this program. You can still get 2,500 for a cooperative short...
Will I Have My Wages Garnished After A El Dorado Hills Short Sale?
El Dorado Hills CA – Many people are concerned about a deficiency after a short sale. They are afraid that their bank may garnish all of their wages. It's scary to think that at any moment your bank could grab every dime you make and leave you broke. Most people short sell their house because of financial problems. They can't afford to lose a month's worth of salary. But, here is the good news. There is a maximum amount that anyone can...
El Dorado Hills Short Sale Myth: The Mortgage Forgiveness Law Means That Everyone Gets To Short Sale With No Deficiency
El Dorado Hills CA – I recently heard another so-called short sale expert say that the Federal Mortgage Forgiveness Debt Relief Act made it so that everyone gets to short sale with no deficiency The unfortunate news is that this is not true. In some state, state law forbids the lenders from attempting to collect from the homeowner after a foreclosure or short sale. But, those states are the exception, not the rule. Here is what the Federal Mortgage Forgiveness Debt Relief...
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...Folsom Realtor
Click Here To For Client Reviews We chose John after seeing him selling many homes in our neighborhood, there was a comfort zone to his personality, and how he presented himself in a professional manner. It is my pleasure to recommend Mr. Hayes as a real estate agent who helped us to get our home sold.. I recommend him for his expertise, experience and integrity. Having engaged him as my agent there was no regrets. I am pleased with the...
Will I Owe A Deficiency On A El Dorado Hills Short Sale If I Have A USDA Loan?
El Dorado Hills CA – Another common type of loan that does not usually have a deficiency is a USDA loan. The USDA loan program was created to make it easier for people that lived in rural areas to buy their own home. USDA stipulates that you must be at least 30 days behind on your payments before they will start the short sale process. This is different from most other loan programs. I haven't heard of another loan program where they...
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2340 E. Bidwell St
Folsom, CA 95630
Office: 916-984-8778
Direct: 530-306-3316
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CA DRE#01709600
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