Elk Grove Real Estate – Sacramento Real Estate – Short Sales – Distressed Property Solutions, Stacey Wilson Realtor CRS

Release: FHA Launches Short-Refi Opportunity for Underwater Homeowners – September 7, 2010

Posted on 04. Sep, 2010 by Stacey.

 In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development today provided details on the adjustment to its refinance program which was announced earlier this year that will enable lenders to provide additional refinancing options to homeowners who [...]

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Strategic Default?

Posted on 10. Aug, 2010 by Stacey.

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Posted on 17. Jul, 2010 by Stacey.

Click here if you or someone you know is having trouble making the mortgage payments…

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Borrowers exit troubled mortgage program

Posted on 30. Jun, 2010 by Stacey.

Borrowers face foreclosure after the government assistance program fails to provide help.  The Administration’s flagship effort to help people in danger of losing their homes -  is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That exceeds the number [...]

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Want a loan modification? Get your paperwork ready.

Posted on 03. Jun, 2010 by Stacey.

Attention delinquent borrowers: If you want to get into the Obama administration’s mortgage modification program, you’d better have your paperwork ready.  New Treasury Department guidelines that went into effect on June 1 require loan servicers to verify applicants’ income and financial hardship before placing them into trial modifications. To read the full story, please click [...]

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After foreclosure: How long until you can buy again?

Posted on 03. Jun, 2010 by Stacey.

Financing a home after foreclosure is possible for most homeowners. Those who default on their mortgages due to economic hardships, such as job loss, may receive approval for another mortgage in as little as two years, while it may take more than seven years for strategic defaulters to be approved. Keep this in mind: Lenders [...]

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Red Alert Update: SB 1178 Passes Senate!

Posted on 03. Jun, 2010 by Stacey.

Victory for REALTORS® and Their Clients! SB 1178 was just approved by the Senate, over lender opposition, with a vote of 30 to 4.  This is in part thanks to the over 5,000 Realtors® who made a difference by contacting their senator to support the bill!  For more information on the vote, see the list [...]

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Forensic Mortgage Loan Audit Scams: A New Twist on Foreclosure Rescue Fraud

Posted on 03. Jun, 2010 by Stacey.

 Fraudulent foreclosure “rescue” professionals use half-truths and outright lies to sell services that promise relief to homeowners in distress. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, the latest foreclosure rescue scam to exploit financially strapped homeowners pitches forensic mortgage loan audits. In exchange for an upfront fee of several hundred [...]

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