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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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 [...]

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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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The 10 Biggest Mistakes Sellers Make

Posted on 09. Jul, 2010 by Stacey.

You’ll sell your house faster — and for more money — if you avoid these common pitfalls. You Will Need A thorough housecleaning An open mind Home improvements  Step 1:  Declutter your home Get rid of as much clutter as possible. Stuffed closets, extraneous furniture, exercise equipment in living quarters, crowded countertops, overflowing cabinets, and [...]

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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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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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Fannie and Freddie Announce their versions of HAFA

Posted on 03. Jun, 2010 by Stacey.

Freddie Mac detailed the guidelines for its version of the Making Home Affordable Foreclosure Alternatives (HAFA) program at the same time fellow government-sponsored enterprise (GSE) Fannie Mae unveiled a similar initiative. To read more, follow the links for Fannie and Freddie on Housing Wire.

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Bay Area Distressed Homeowners: Need Help with your Mortgage? Attend this Hope Now Event in Oakland and SF

Posted on 02. Jun, 2010 by Stacey.

Get Free Help to Save Your Home.  Don’t miss this free opportunity to meet one-on-one with your mortgage lender or a HUD-approved housing counselor. Find out if you qualify for the Obama Administration’s Making Home Affordable Program or other options from  your lender. More than a dozen mortgage servicers will be on hand to work with [...]

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