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 [...]

Continue Reading

Strategic Default?

Posted on 10. Aug, 2010 by Stacey.

Continue Reading

Bank Loss Mitigation – Training Video

Posted on 27. Jul, 2010 by Stacey.

Continue Reading

HAMP Redefault Rate Less Than 2% After Six Months

Posted on 21. Jul, 2010 by Stacey.

New data from the Treasury shows that the redefault rate for the Home Affordable Modification Program (HAMP) is far lower than many critics have projected and well below typical industry averages. According to the July report, the re-default rate (90 or more days past due) for homeowners in permanent modifications for at least six months [...]

Continue Reading

Posted on 17. Jul, 2010 by Stacey.

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

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading

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 [...]

Continue Reading