Beaumont California Real Estate Short Sales - Beaumont Short Sale Agents Can Sell Your Upside-Down Home - Call Us Now: 1 (888) 9-LIST-IT 

Are you like many homeowners in Beaumont having trouble paying your mortgage every month? You may be behind in your mortgage payments, or not behind yet. Don't let foreclosure happen to you. Hire the best Short Sales Experts to help you with your difficult situation at NO CHARGE TO YOU!

We are Short Sale Specialists and we have extensive experience with short sale negotiations with dozens of the nation's mortgage lenders and banks. Whether you have one, two or more Beaumont mortgage loans, we are able to offer you options. Our Short Sale Agent team assists homeowners throughout Southern California, including Beaumont.

Here are a few things to consider when contemplating a Beaumont CA Short Sale:

• How many loans do you have on the property?
• Do you or the property have any liens attached, for example: Tax liens, child support liens or HOA liens, etc.?
• Have you or your family experienced a loss in income, loss of a job or had to relocate for a job?
• Have you or your family experienced an unexpected medical expense, or any other major financial set-back?
• Are you behind on any payments, or are you still current?
• Are you still paying the HOA dues, if any?
• Are you still paying utilities like water, sewer, trash and disposal? If not, are there any delinquent payments?
• Are you still occupying the property?
• If not, is the property vacant, or is/are there tenant(s) occupying the residence?
• Have you attempted a loan modification, or previously attempted a short sale?
• Has your bank issued a Notice of Default, and if so, have they scheduled a Trustee Sale Date?

These are just a few questions that will pertain to the listing, sale and success of your Beaumont Short Sale.

If you have questions about a Beaumont short sale, how they work and the myriad of opportunities AND pitfalls a short sale can provide you, feel free to call us anytime at (888) 9-LIST-IT. That's (888) 954-7848.

We can answer your questions and provide you with an in-depth look at the short sale process. We are not salesmen. We will tell you like it is, and if a short sale is the right choice for your particular situation (and many times a short sale is not our recommendation). We will give you honest answers with your best interests in mind. Having the right California Short Sale Experts assisting you can mean the difference between a foreclosure, or a fresh start without complete devastation to your credit due to foreclosure.

So if you'd like more information on a Beaumont Short Sale, Call us now:

(888) 9-LIST-IT. That's (888) 954-7848.

Other Real Estate Blogs:

New Foreclosure Fund May Change Mod. Loans, Short Sales and Foreclosure Processes
CLICK HERE TO LIST AND SELL YOUR BEAUMONT HOME NOW

REAL ESTATE SHORT SALE FORMULA

(Read this article first, then click on the link above)

Do I Qualify for a Real Estate Short Sale in Lake Elsinore CA?

So you're considering a real estate short sale for your Lake Elsinore, California Home…..

Either you are near default or have already missed mortgage payments, and you are undoubtedly under-water on what you owe on the Lake Elsinore home compared to what it is currently worth.

We see this every day from people of all aspects of life and economic backgrounds. We know it's a difficult and daunting position to be in. We know there is so much information out there that its difficult to decipher what is correct, and what isn't.... and who to trust.

We also know its embarrassing. We've been in similar situations ourselves, and we'd like to discreetly help you avoid foreclosure and get out from that upside-down Lake Elsinore CA house now, at no charge to you. In fact, if your circumstances are right, we may be able to get you up to $30,000 in the process.

Who Are We and Are We For Real?

We ARE for real, and we are licensed, legal and ligitimate. Our real estate license numbers are 01844441, and 01844442. Take these numbers and go to the California Department of Real Estate's website here, click on Verify a License, and check our license numbers for validity. We work for Coldwell Banker Kivett-Teeters, a highly respected real estate brokerage that's been in business for decades. We handle 20 to 30 Short Sale Listings and Sales per month, and yes we successfully close 95% plus of our short sales! We are for real, and we work hard for our clients... Let us work hard for you...

So let's talk...

Call Us Now: (888) 9-List-It.

That's (888) 954-7848.

Or Check out our website here ---> California Short Sale Agents

How to Qualify For a Real Estate Short Sale - Lake Elsinore CA

REAL ESTATE SHORT SALE FORMULA

(Read this article first, then click on the link above)

Do I Qualify for a Real Estate Short Sale in Moreno Valley CA?

So you're considering a real estate short sale for your Moreno Valley, California Home…..

Either you are near default or have already missed mortgage payments, and you are undoubtedly under-water on what you owe on the Moreno Valley home compared to what it is currently worth.

We see this every day from people of all aspects of life and economic backgrounds. We know it's a difficult and daunting position to be in. We know there is so much information out there that its difficult to decipher what is correct, and what isn't.... and who to trust.

We also know its embarrassing. We've been in similar situations ourselves, and we'd like to discreetly help you avoid foreclosure and get out from that upside-down Moreno Valley CA house now, at no charge to you. In fact, if your circumstances are right, we may be able to get you up to $30,000 in the process.

Who Are We and Are We For Real?

We ARE for real, and we are licensed, legal and ligitimate. Our real estate license numbers are 01844441, and 01844442. Take these numbers and go to the California Department of Real Estate's website here, click on Verify a License, and check our license numbers for validity. We work for Coldwell Banker Kivett-Teeters, a highly respected real estate brokerage that's been in business for decades. We handle 20 to 30 Short Sale Listings and Sales per month, and yes we successfully close 95% plus of our short sales! We are for real, and we work hard for our clients... Let us work hard for you...

So let's talk...

Call Us Now: (888) 9-List-It.

That's (888) 954-7848.

Or Check out our website here ---> California Short Sale Agents

How to Qualify For a Real Estate Short Sale - Moreno Valley CA

A ray of good news shined through the ominous clouds of the fiscal cliff this past week stating that the Mortgage Forgiveness Debt Relief Act has officially been extended. Through this act, homeowners who are involved in a short sale, foreclosure, or mortgage restructuring are able evade a significant tax bill.

However, the storm is not anywhere near from over. The recent fiscal cliff deal was a small step of progress but the federal deficit still needs to be resolved which calls for more budget battles ahead. Could we be seeing our last Mortgage Forgiveness Tax Relief Act extension in 2013?

Only hours before the end of year 2012, congress was able to strike a deal to avert the fiscal cliff. Fortunately, this included the extension of the debt relief act which is now set to the new expiration date: December 31, 2013. It is official and the proof can be found in the IRS Website or in the American Taxpayer Relief Act of 2012 Bill.

Homeowners are very fortunate to get one extra year of opportunity to short sell their homes. Congress realizes that without this extension, numerous homeowners would be devastated with critical financial conditions. Although, the extension of the various tax cuts alleviated our impending tax increases momentarily, our government is also in a bad financial position in that it has a debt ceiling issue to deal with and the $1.3 billion dollars in taxes that they lost through the extension of the act may be a provision that our government may not be able to continue in our future budgets.

We may get a better forecast in a couple of months as a debt ceiling battle in Congress may occur and more budgets will be established.

What are your thoughts on this? Do you believe we will get an extension beyond Jan 1, 2014?

REAL ESTATE SHORT SALE FORMULA

(Read this article first, then click on the link above)

Do I Qualify for a Real Estate Short Sale in Beaumont CA?

So you're considering a real estate short sale for your Beaumont, California Home…..

Either you are near default or have already missed mortgage payments, and you are undoubtedly under-water on what you owe on the Beaumont home compared to what it is currently worth.

We see this every day from people of all aspects of life and economic backgrounds. We know it's a difficult and daunting position to be in. We know there is so much information out there that its difficult to decipher what is correct, and what isn't.... and who to trust.

We also know its embarrassing. We've been in similar situations ourselves, and we'd like to discreetly help you avoid foreclosure and get out from that upside-down Beaumont CA house now, at no charge to you. In fact, if your circumstances are right, we may be able to get you up to $30,000 in the process.

Who Are We and Are We For Real?

We ARE for real, and we are licensed, legal and ligitimate. Our real estate license numbers are 01844441, and 01844442. Take these numbers and go to the California Department of Real Estate's website here, click on Verify a License, and check our license numbers for validity. We work for Coldwell Banker Kivett-Teeters, a highly respected real estate brokerage that's been in business for decades. We handle 20 to 30 Short Sale Listings and Sales per month, and yes we successfully close 95% plus of our short sales! We are for real, and we work hard for our clients... Let us work hard for you...

So let's talk...

Call Us Now: (888) 9-List-It.

That's (888) 954-7848.

Or Check out our website here ---> California Short Sale Agents

How to Qualify For a Real Estate Short Sale - Beaumont CA

Glendale Short Sale Help

Glendale, California – Is your loan with a large Bank/Lender, for instance Chase, Well Fargo, Bank of America or Citibank? In contrast, these Banks/Lenders usually do not make the FINAL decision on your Glendale Short Sale.

Here are the reasons why:

The vast majority of the time, the banks/lenders are working as a just the servicing company. They’re handling the loan for an “Investor” or third party.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

The third party owner will most likely be a corporation, a pension fund, a Wall Street firm, or split up amongst sometimes thousands of individuals in what’s called MBS (Mortgaged Backed Securities)

The owner, or Investor, can also be a government backed or sponsored entities…for instance, Fannie Mae & Freddie Mac. These entities are called GSEs (Government Sponsored Entities).  This is essential, in most cases, because you can contact these entities if your servicer refuses your short sale.

What to find out if Fannie Mae or Freddie Mac own your mortgage loan? Click here! We have ways to find out who the Investor is on your mortgage loan if your home is NOT owned by Fannie Mae & Freddie Mac. Click Here, and fill out the short form to the right of the page and one of my team members will give you a call…we have multiple ways of figuring out who the investors are and how to get a hold of them. Usually, they will reassess your short sale…all you have to do is present your case and make sure that they are aware of your concerns and let them know absolutely why they should accept the short sale offer.

I’ve noticed that the Investor will generally do a much better job of assessing the short sale offer…especially, because it’s their money. Once their review is complete, they will usually approve the short sale offer and make sure that the servicing company is well aware of the acceptance. This has been especially helpful when the servicing company has asked for a contribution from the buyer and/or seller, when they want to issue the seller a promissory note or a deficiency judgment.

There has been many times where the negotiator at the servicing company will just reject the short sale for no good reason. There have been other times where the negotiator has asked for irrational demands…like an offer on the home for above fair market value.

You may ask why in the world someone would do this. Well? It could be multiple reasons…for instance; they may get compensated with a bonus for obtaining an offer and successfully closing the short sale for a higher price than what the property is worth.

Do to this, they might turn down a short sale offer that otherwise might have been approved. When this happens and the property forecloses, the Investor usually nets a much lower amount back, once the home is sold as a REO.  It becomes a lose, lose situation for all parties involved including the investor. The servicing company is the only one that usually wins regardless of the property foreclosing or closing through a short sale. Their servicing agreement allows them to collect everything that’s owed to them by the investor on the property; which puts a lot less money into the investor’s pockets.

This might be a surprise to many of you, but this does happen quite often. If you feel like this is happening to you, find out who the investor is and make sure they are aware of what’s happening with the servicing company. I’ve personally been able to get multiple short sales approved by bypassing the servicing company and going directly to the investor when the servicing company does not cooperate.

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at CMe4Homes@JenniferEscobar.com will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (818) 335-7078

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Want more information about a California Free Loan Modification? Our FREE Loan Modification Services will help you get a loan modification approved with your lender.

Click Here for more information regarding my FREE LOAN MODIFICATION SERVICES!

Thanks for reading my blog post, Jennifer Escobar.

The Jennifer Escobar Team @ Qwest Real Estate

Phone: 818-335-7078              Email: CMe4Homes@JenniferEscobar.com

Website: www.TheJenniferEscobarTeam.com

Glendale California Real Estate | Short Sale Specialist | Short Sales | California Free Loan Modification Los Angeles Short Sale Specialist | Los Angeles Short Sale | When to short sale in Los Angeles | Los Angeles Short Sale Taxes | Why Short Sale in Los Angeles | Los Angeles Short Sale Requirements | Los Angeles Short Sale Guidelines | How does short sale work in Los Angeles | Los Angeles Mortgage Short Sale

Jennifer Escobar Specializes in FREE California Loan Modification Help to Southern California distressed homeowner’s who are seeking FREE CA Loan Modification assistance in their pursuit of a Loan Modification in Southern California. Furthermore, Jennifer Escobar also Specializes in Short Sales and has successfully listed, marketed and successfully negotiated hundreds of short sales in Southern California. Jennifer Escobar is a Short Sale Specialist successfully negotiating short sales in Glendale, Burbank, Granada Hills, North Hollywood, Sunland, Tujunga, Sylmar, Van Nuys, Valley Village and Lake Balboa. Glendale Loan Modification Help, Glendale Short Sales, Glendale Short Sale Realtor, Short Sale Realtor. Glendale CA Short Sales. Glendale Realtor. North Hollywood Loan Modification Help, North Hollywood Short Sales, North Hollywood Short Sale Realtor, North Hollywood Realtor. Granada Hills Loan Modification Help, Granada Hills Short Sales, Granada Hills Short Sale Realtor, Granada Hills Realtor. Burbank Loan Modification Help, Burbank Short Sales, Burbank Short Sale Realtor, Burbank Realtor. Van Nuys Loan Modification Help, Van Nuys Short Sales, Van Nuys Short Sale Realtor, Van Nuys Realtor.

I was researching the latest bulletins from both Fannie Mae and Freddie Mac and the keys to both are 90 days delinquent and less than 620 credit score.  What happens when a borrower is more than 90 days delinquent and has a credit score of less than 620? 

• Borrowers are NOT REQUIRED (my emphasis) to make a cash contribution/promissory note
• Servicer is NOT REQUIRED (again my emphasis) to obtain or review the Borrower Response Package (aka short sale package)

Good news for folks looking to short sale their home.  Any distressed borrowers who need help in Broward county or surrounding areas in Florida please contact me!

When there is a Junior Lien (secondary mortgage) that is delinquent more than 120 -180 days a creditor may choose to charge-off the debt owed. A charge-off is the declaration by a creditor that an amount of debt is unlikely to be collected. In doing so the creditor is able to write off the full amount on their taxes and claim it as a loss. A Charge-Off does hurt your credit and can stay on your credit report for up to 7-10 years.

It’s important to know that it would be rare for a 1st lien to charge off because of their adequate assurance in the value of just the land but who’s to say it’s not possible. When a lien is charged off it is often transferred to a... For the entire article click here

Brett@ishortsalenow.com

310-564-6389

UPLAND SHORT SALE AGENTS HELP AVOID FORECLOSURE

Don't make the biggest mistake ever... Do not let the bank foreclose on your Upland home!

Loan modification is a temporary fix and can still leave you with negative equity.

FIND CA REAL ESTATE AGENTS

A BETTER SOLUTION IS TO SHORT SALE YOUR UPLAND HOUSE

• A short sale can let your deficiency be forgiven
• In most cases a short sale can leave you with no tax liability
• Our short sale real estate services are at no cost to you
• And we can help you get out of your bad situation

Don't be fooled! The bank will come after you and foreclose your Upland house. They may even be able to get a judgment against you AFTER the foreclosure for the negative deficiency, which could be tens of thousands of dollars! But what is the difference between a foreclosure and a short sale? Here are your options of foreclosure vs. short sale:

CREDIT SCORE:

• A foreclosure will slash your credit score as much as 250 points or more, and can affect your credit for a minimum of 5 years or more!!!
• But a short sale only affects your credit score with the late or missed mortgage payments. The credit bureaus will report PAID or NEGOTIATED if you short sale.Your credit score will not be lowered as much with a short sale.

CREDIT HISTORY:

• A foreclosure will remain as public recorded on your credit report for 10 years or more.
• A short sale is not reported on a person's credit history. There is no specific SHORT SALE term and is most cases is reported as PAID, SETTLED or NEGOTIATED.

FUTURE MORTGAGE LOANS:

• If your credit report contains a foreclosure, most home mortgage lending institutions will consider you ineligible to purchase for 5 years or more.
• If you successfully negotiate a short sale of your Upland property you may be eligible for a mortgage loan and purchase a new home in as little as 2 years.

DEFICIENCY JUDGMENTS:

• Banks have the right to pursue a deficiency balance if your foreclosed loan was not a purchase money loan (If you received any money for anything other than the purchase of your house, also called a hard money loan).
• In a successful short sale it may be possible to negotiate with the bank to release you of any deficiency balance and avoid any future judgments against you.

Need more information?

CALL US NOW TO LIST AND SELL YOUR HOUSE IN UPLAND:

1 (888) 9 LIST-IT

or (951) 490-3683

or click here: Listing Agents in Upland CA

SHORT SALE HOUSE POMONA CA

If you are facing foreclosure and you can no longer afford your home, you may qualify for a Pomona CA Short Sale, even if you don't think you can or don't think your home can be sold in today's market.

What is a Pomona CA Short Sale?

A Pomona CA Short Sale, also known as a pre-foreclosure sale, is when you sell your Pomona home for less than the balance remaining on your mortgage. If your mortgage company agrees to a short sale, you can sell your Pomona CA home and pay off all (or a portion of) your mortgage balance with the proceeds. You may also be eligible for the government's Home Affordable Foreclosure Alternatives Program (HAFA) which offers incentives for sellers to complete a short sale.

A Pomona CA Short Sale is an alternative to foreclosure and may be an option if:

• You are ineligible to refinance or modify your mortgage
• You are facing a financial hardship, including loss of job, death, divorce or medical expenses
  
• You are behind on your mortgage payments
• You owe more on your Pomona home than it’s worth
• You have not been able to sell your home at a price that covers what you still owe on your mortgage
• You can no longer afford your Pomona CA home and are ready or need to leave

What are the benefits of a Pomona CA Short Sale?

So Call us Now: (888) 9-List-It.

That's (888) 954-7848.

Or click here to access our Real Estate Short Sale Formula to evaluate your particular situation.

our home is your safe haven and considered as the most important place for you and your family, that's why, as much as possible you want to keep your home.  But what if the time comes when foreclosure appears to be inevitable?  Perhaps, one of the most traumatic experiences a homeowner can ever encounter is leaving the house due to foreclosure.  You've been barely struggling with your mortgage payments and definitely when you reach the point wherein you already used your resources, you don't have any choice but to face the foreclosure.  That's pretty sad. :(

But of course, just like most of the things in this world, foreclosure has its own alternative too.  Short Sale.  Yes, short sale is absolutely the viable substitute if you are not qualified to refinance or amend your mortgage.  Another reason is if you are facing a long term adversity.  Moreover, short sale can also be an option if you are behind your mortgage payments and you are indebted more on your home than it's actual worth.

To learn more about this Short sale Solutions, read this full article here.

I was reading about short sales, as I do every Sunday morning on a great site for short sale information Short Sale Superstars. There was a discussion about a Bank of America Short Sale that had been approved, and then denied after the approval, a few days before closing. The reason:

The seller was a real estate broker and the listing agent works for the seller. The buyer used the listing agent to represent her.

Surprise Surprise, B of A said this is not an Arm's Length Transaction and rescinded the approval.

There are multiple things wrong with transaction so let me see if I can organize the problems coherently.

1. All short sales must be an Arm's Length Transaction and an affidavit needs to be signed by all parties saying they are not related to each other in any way. The listing agent works for the seller so that is not arms length.

2. The seller may be offered a closing incentive by the bank, but is not allowed to receive any money from the buyer. Since the buyer is using the the listing agent who works for the seller and would have received commission for the sale, a portion of which would go to the broker, then the seller is getting money from the buyer.

3. Again, since the listing agent works for the seller and would get commission from the sale, a portion of which would go to the broker, the seller would be receiving money from the sale outside of the closing incentive.

4. The buyer has agreed to a dual agency and is entitled to the information that the listing agent works for the seller and that this can cause potential problems with The Arm's Length Transaction.

I do not know if the seller was trying to pull something over on the bank, or if he was just not familiar with short sales but this was totally avoidable.

Buyers: get your own agent to represent you.

Sellers: If you are a broker, get a different company to represent you. If you are an agent, get another agent to represent you, not your broker, and ask the bank if it is ok to be represented by someone else in your campany first, not after you are about to close.

If you have any questions about buying or selling a short sale in Santa Clara or San Mateo County please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E. 01191194

SHORT SALE HOUSE RIALTO CA

We have created the Real Estate Short Sale Formula for under-water and distressed homeowners in Rialto, California.

Rialto has many homes and families facing foreclosure, but they don't know if they would qualify for a short sale of their Rialto CA home to avoid complete financial devastation.

What Does a Real Estate Short Sale Mean for Rialto CA Homeowners?

The definition of a real estate short sale means that the Rialto CA house is about to be in foreclosure due to the default in payments of the mortgage. The owner of the Rialto home sells it for less than what they owe for the property. It is far better for their credit to sell it short than to lose the house to foreclosure.

But Do I Qualify For a Rialto CA Short Sale?

Everyone's situation is unique, and only the bank or banks that hold the mortgage can approve a short sale, but over years of short sale experience, we have developed the Real Estate Short Sale Formula to accurately predict a homeowner's chances of a successful short sale.

The Real Estate Short Sale Formula is a multiple question form that will take about 5 to 10 minutes to fill out, but once that's done we handle the rest!

The evaluation is free and is non-intrusive. So find out now if you qualify for a Rialto CA Short Sale, just click here to access the ---> Real Estate Short Sale Formula.

By now you are probably telling yourself, having an investment property is not as easy as you thought. To make matters worse, your property is now underwater and it shifted from an Asset to a Liability. It is a liability because you may be dealing with negative cash flow, accruing repair costs, vacancy, and most importantly, it is underwater meaning you owe more on the home than it is worth. Let’s explore some options.

No Credit Ding Options

• Option #1 – Ride It Out

If you have sufficient income to support your investment property, you can ride the market out in hopes of selling it at a higher price point.

• Option #2 – Improve The Property

You can improve the property by getting a fresh coat of paint or getting landscaping work done. However, this is very risky and rarely works in these types of situations.

• Option #3 – Lease Option Sale

This is an option where you can negotiate a lease option with your tenant/buyer. This way, the tenant can improve their credit, increase their savings, and eventually purchase the property.

• Option #4 – Pay The Difference

You can sell the property and pay the difference in the amount owed and the amount you can sell it for. Some ways you can pay this difference are, out of pocket or if you have other investment properties, you can borrow the difference amount against your other rental property.

Credit Ding Options

• Option #5 – Foreclosure

If your bank does not accept your hardship letter and short sale request, you can default on your payments and allow the bank to repossess your home. This last resort option will hurt your bank(s) and yourself. This option can leave you vulnerable to a deficiency judgment(s) depending on whether your state is a recourse or non-recourse state. For more information, read my previous article here.

In this situation, your credit score will receive an 85-160 (varies upon situation) point reduction and you will have a foreclosure stamped on your credit report. With a foreclosure, you will not be able to obtain another mortgage for at least a few years or typically, a 7 year period.

• Option #6 – Short Sale

This has been the most popular option for investors. If you can show legitimate hardship or foreseeable hardship, your bank may allow you to short sale where you can sell your property for less than what is owed, avoid foreclosure and walk away from the property with little to no remaining debt. The key is to find a pro negotiator in your area who is well connected with banks and can negotiate the deficient amount despite having other assets.

This is preferable by banks and the short sale is translated on your credit report as “paid for less than original amount.” You will be able to obtain another mortgage in some cases immediately or on average, 24 months.

Tax implications

One of the most important factors when walking away from your investment property whether it is via short sale or foreclosure, are the subsequent tax implications. The IRS deems the forgiven amount (deficiency) as “taxable income” unless it is your primary residence in which you would be able to exclude the income through the mortgage forgiveness debt relief act.

If however you are able to show insolvency where your total liabilities exceed your total assets or if the debt was discharged in a Title 11 bankruptcy, you can exclude the forgiven amount regardless of it being a second home.

Short selling your rental property with little liability is difficult to do if you do not have an experienced agent who is well connected with banks. Our agents have been VERY successful in getting our investors out of their bad investment situations. If you are in Washington State, connect with our experts today to discuss your best option for your situation.

Hope this helps

Peter

Short Sale Agents in Norco

Short Sale Agents in Norco CA arrange with mortgage lenders to agree to accept a mortgage payoff that falls short of the balance that is owed by a borrower. In other words, a bank agrees to accept less than what is owed on a borrower's mortgage. Foreclosure is avoided through the Norco CA short sale process, which is the primary goal so that the borrower's credit is not severely damaged as it would be through a foreclosure. If a foreclosure is imminent, a Norco CA short sale can help soften the blow.

A foreclosure can seriously affect an individual's credit and financial future. As a result, and because of the stress that the foreclosure process can cause, most Norco homeowners are willing to consider just about any alternative. When facing foreclosure, the worst thing that a Norco CA homeowner can do is nothing at all. By being proactive, a borrower can often find viable alternatives to foreclosure and a Norco CA short sale is one of the most popular and realistic options. For those who are facing the prospect of a foreclosure, a short sale might be the right option.

Norco California Real estate short sales can be complicated for everyone involved whether you're a seller, buyer, investor, agent or even a bank. Our Free Short Sale Help was designed to clear up the complicated world of Norco CA real estate short sales and make it possible for anyone who owes more on their mortgage than their Norco CA home is worth to find their way.

So call us now to find out more about Norco Short Sale Help:

Call Now: (888) 9-List-It.

That's (888) 954-7848.

---------------------

Norco CA REALTORS

I have to say that I am EXTREMELY pleased that the Mortgage Debt Forgiveness Relief Act has been extended for another year. If you are a homeowner in distress this is not the time to sit back and relax because there is not guarantee that this will be extended after the end of this year. This is the time for YOU to take ACTION...AND it is the BEST time for YOU to take action. 

In November, I had given numbers of homeowners in default throughout the country. These, of course, were statistics up to the month of November 2012. I was especially shocked by the last statistic of close to 2 million homeowners were in Foreclosure status. That is a great concern and can be avoided by the homeowners taking action, Real Estate Agents getting the word out to the homeowners. 

There are many programs in place to help homeowners either stay in their home (if the numbers make sense) through a loan modification or to exit gracefully with a Short Sale. If a homeowner chooses the latter they are sure to reap the some of the following benefits of selling their home: 

• MORTGAGE DEBT RELIEF ACT: This act will allow homeowners to exclude the forgiven debt on the principal residence from income. 
• THERE IS NO COST TO THE HOMEOWNER: The commission for the sale of the home is paid through the lender. 
• YOU DO NOT HAVE TO BE BEHIND IN YOUR PAYMENTS: Depending on your lender, you may be able to move forward with a short sale if you are not behind on your payments! This is huge...as long as you can show a hardship, you may be able to complete a short sale, save your credit, and move on to something better and more affordable.
• CALIFORNIA HOMEOWNER BILL OF RIGHTS: Sellers will benefit from the Single Point of Contact (SPOC) and th end of Dual Tracking. So, the lender/investor can not foreclosure on homeowner in the midst of them performing a short sale (this also applies for a loan modification).
• RELOCATION FEE: Some lenders are offering up to $35,000 for homeowners and tenants to exit the home gracefully and keeping the home is saleable condition. 
• COMMUNITY GROWTH: Although, property values have dropped considerably. Completing a short sale keeps the home from being vacant and/or abandoned. Abandoned homes will continue to bring down the value of the home and the community. 
• GRACEFUL EXIT: The beauty of a short sale is that, although sellers may take a hit on the credit (If they are late on their payments), they will still have the opportunity to purchase again in 2-3 years (as long as they are continue to save and  work on their credit). Not to mention that they have helped the community, agent, lender, and investor.

The bottom line is that homeowners need to open their communication to receive the benefits from the help that is available. 

As part of the fiscal cliff deal, Congress extended the cancellation of mortgage debt relief provision, also known as the Mortgage Debt Relief Act for one year, through the end of 2013. President Obama is expected to sign the legislation into law shortly.

The law – which was set to expire at the end of 2012 - is crucial to foreclosure mitigation efforts such as principal forgiveness and short sales. Normally, U.S. law decrees that when a lender forgives all or a portion of a borrower’s debt, the forgiven amount is considered taxable income for the borrower. This is known as Cancellation of Debt (COD) Income and must be included in a taxpayer’s gross income.

This Act, however, created an exception to this rule under the U.S. Tax Code. The Mortgage Forgiveness Debt Relief Act allows homeowners who received principal reductions or other forms of debt forgiveness to not pay taxes on the amount forgiven. The amount extends up to $2 million of debt forgiven on the homeowner’s principal residence.

For homeowner’s to qualify, their debt must have been used to “buy, build, or substantially improve” their principal residence and be secured by that residence. The law, which was passed in 2007 with a five year sunset provision, will now be in effect until January 1, 2014.

If you're facing foreclosure you're facing some very important  decisions. We want you know you're not alone and we are here to help  with any questions you may have to assist you in making the best decisions for  your situation. There is no charge for this service and we are happy to help! We  offer confidential and professional real estate advice.

The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short  Sales in; Bexley Columbus Delaware Downtown Dublin Gahanna Grandview Heights Granville Grove City Groveport Hilliard Lewis Center New Albany Pickerington Polaris Powell Upper Arlington Westerville Worthington

Palm Lakes Short Sale CLOSED!

Another Short Sale Listed, negotiated and CLOSED by the Desert’s Short Sale specialist.  This cute condo at Palm Lakes in Palm Desert was a B of A COOP short sale.

What’s a COOP short sale?  Co-operative.  That means Seller was pre-approved for the Short Sale, the List Price was the pre-approved net number to the Investors, so once it was listed and I got an offer, the process was much more efficient.

Listed to Close in just under 60 days.

One Note, Primary Residence.  No cost to Seller and Seller received $5,000 in Relocation fees from B of A at the Close of Escrow!

Looking for an experienced Short Sale List Agent?  Give me a call for your free property consultation…760-285-3578   kjkpolo@gmail.com

As the year comes to a close you may be wondering what the foreclosure and short sale market looks like in San Mateo Clara County. In a word, things are pretty quiet. The numbers of sales are down. Here is what it looks like:

Closed sales from June 1,2012 to Dec 26, 2012:  

Bank owned: 259

Short Sales: 509

Compared to the first 6 months of 2012:

Bank owned: 387

Short sales: 462

Current Active Sales:

Bank Owned:  17

Short Sales: 22

Current Pending Sales:

Bank Owned: 44

Short Sales: 310

As you can see there has been a large drop off in REO sales with a slight increase in short sales.

I expect a decrease in both short sales and foreclosures as San Mateo County home values increase, loan modifications increase, and the Homeoner's Bill of Rights takes effect in 2013. As prices increase fewer homeowners are underwater, and the need for short sales and foreclosures decrease. Also, the tax exemption of the debt forgiveness on short sales and foreclosures expires at the end of 2012. This will be a big incentive for homeowners to try to hold on until they are no longer underwater.

If you have any questions about San Mateo County Short Sales or Foreclosures please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

Large log home on 38+ Acres listed $140k below assessment! Short Sale property.

N4587 Glacier Lake Dr, Oxford, WI 53952

Now just $225,000! We are already getting calls from serious buyers because of this huge price drop! 38+ acre hunters paradise for an absolute steal. This is truly a must see. Log home with Brazilian rosewood flooring, stone fireplace in living room, and master bedroom in loft with walk-in closet. Exposed finished basement with large full bathroom. Yurt structure with electric, water and wood burning stove. 7 Lakes within 5 minutes of property. Don't let this deal pass you by.

Features