Florida Agents:
Florida Enhanced Short Sale Relocation Assistance Florida homeowners may receive $5,000 to $20,000 in relocation assistance.

Bank of America encourages distressed homeowners to explore a short sale as a viable option for avoiding foreclosure. To that end, for a limited time we are offering enhanced relocation assistance to help motivate homeowners to engage with us on a pre-offer short sale. An additional benefit for these pre-offer programs – such as the Home Affordable Foreclosure Alternatives (HAFA) and Bank of America’s proprietary program – is that deficiency may be waived for the homeowner.

Eligibility:
Homeowners with property in Florida
Short sales initiated without an offer between September 26 and November 30
The customer will have to be eligible for one of the without offer programs such as the HAFA program or our proprietary program (specific investor participation and eligibility criteria do apply to these programs)
Successful closing of the eligible short sale by August 31, 2012
Minimum relocation assistance is $5,000 and maximum is $20,000, with the specific amount calculated based on the unpaid principal balance.

Exclusions:
Ginnie Mae, FHA, VA and USDA loans are ineligible for participation
Lot loans are ineligible for participation
Properties outside the state of Florida are ineligible for participation
Short sales initiated with an offer are not currently eligible for the enhanced relocation assistance.

Frequently Asked Questions:
Q: How can I find out if my client/homeowner qualifies for this relocation assistance?
A: Call a Bank of America short sale specialist at 1.877.459.2852.
Monday – Friday 8 a.m. – 10 p.m.; Saturday 9 a.m. – 5:30 p.m. Eastern
Q: Do I have to do anything differently when initiating or completing the short sale?
A: No. As long as the homeowner’s short sale is initiated between September 26 and November 30, 2011, and the property closes by August 31, 2012, they will be eligible.
Q: Will the relocation assistance funds be reported on the HUD-1?
A: Yes, they will be documented on the HUD-1, and a 1099-MISC will be issued.
Q: Can the relocation assistance funds be used to pay off existing liens?
A: Yes, if the investor approves it.
Q: Is the relocation assistance added to any other incentives, such as the HAFA or Bank of America proprietary program incentives?
A: No. A homeowner will receive the $5,000 to $20,000 in place of the typical incentive paid out by these programs. The relocation assistance is essentially an enhancement to the standard payout offered on these programs.
Q: Is the enhanced relocation assistance available for other programs?
A: Currently, the enhanced relocation assistance is only available to short sale programs initiated without an offer. However, as we gauge the success we may extend this incentive to other programs.
Questions?
Homeowners and agents may call 1.877.459.2852 to speak to a Bank of America short sale specialist about this exciting relocation assistance offering.
Visit the Agent Resource Center at bankofamerica.com for additional short sale education, news and resources to help you complete short sales at Bank of America.

* The relocation assistance payment is calculated based on the unpaid principal balance of the homeowner’s loan and the type of short sale that the homeowner completes, but will not be less than $5,000 or more than $20,000. The payment amount will be calculated based on the homeowner’s loan balance as of August 2011 and the short sale program in which the homeowner is eligible. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the Short Sale Agreement, including the satisfaction of all second liens and presentation of clear title for the property (the relocation assistance payment can be used to clear those liens). If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, the homeowner will not receive the relocation assistance payment. Even if the homeowner receives relocation assistance, Bank of America, N.A., and their successors and assigns may reserve and retain the right to pursue collection of any deficiency following the completion of the short sale, unless otherwise prohibited by law. The amount of the deficiency and relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms. We suggest that homeowners contact the IRS or their tax preparer to determine if they have any tax liability. This offer is for Florida properties only. To receive the relocation assistance, the property must close by August 31, 2012.

“LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED!

In a major victory for REALTORS®, Governor Brown signed into law today a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder.

Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders cannot require a borrower to owe or pay for a deficiency in a short sale. This law also prohibits any deficiency judgment to be requested or rendered for senior or junior liens after a short sale of one-to-four residential units. Any purported waiver of this rule shall be void and against public policy.

Although a lender cannot require a borrower to pay any additional compensation in exchange for a short sale approval, the new law does not prohibit a borrower from voluntarily offering a monetary contribution to a lender in hopes of obtaining a short sale. A lender is also permitted under the new law to negotiate for a contribution from someone other than the borrower, such as other lenders, agents, relatives, and the like.

Exceptions to the new law include a lender seeking damages for a borrower’s fraud or waste; a borrower that is a corporation, LLC, limited partnership, or political subdivision of the state; a lien secured by a bond as specified; a public utility lien; and additional rules apply if a note is cross-collateralized by more than one property.”

3/4/2011 — David Rozansky, a Realtor of Top Choice Realty in Encino, has just released a new book called ‘Should I Short Sale My Home…A Homeowner’s Guide To Surviving The Worst Real Estate Market In History”. The book is a how-to guide for under water, distressed homeowners. Now officially the worst real estate market ever, millions of homeowners will benefit from Dave’s expertise on how to short sale a home. This expertise is invaluable at a time when the nation’s housing market is devastated by millions of distressed homeowners thrust into the foreclosure process.

David Rozansky, co-authored the book with Tim and Julie Harris, founders of Harris Real Estate University, the nation’s leading coaching and training program for real estate professionals.

The Short Sale of a property allows the distressed owner, through their Realtor, to find a buyer willing to purchase their home before they are forced into the foreclosure process. The owner can then use proceeds to repay their lender, even if the amount is less than what they actually owe on the property. In the current economy nearly all lenders are willing to consider Short Sales because they are less costly and time-consuming than foreclosures.

“The ‘Should I Short Sale My Home Book’ has been invaluable tool for homeowners to see how I work with sellers and lenders on complicated Short Sales. In the Los Angeles, more than 10,000 homes are in some stage of foreclosure. The best action against foreclosure is Short Sale,” said Rozansky, “It is so rewarding to be able to help families save their homes from foreclosure.”

Tim and Julie Harris, founders of the Harris Real Estate University in Las Vegas, NV, said “Realtors such as David Rozansky have valuable training in Short Sales and can offer homeowners a better alternative to foreclosure, which inevitably destroys their credit rating and prevents them from having the ability to purchase a new home. Through our in-depth training and continuous education programs, these agents are trained to aggressively seek sellers and buyers using our extensive marketing techniques.”

The Harris Real Estate University opened in 1998, and provides Distressed Property Agent training through webinars, teleseminars and business coaching. Agents can earn their Short Sale Listing designation remotely from their offices all across the nation. The HREU ASD is the premier designation for Realtors who want to specialize in helping distressed homeowners.

If you feel you are in need of more information about foreclosure alternatives, or if you are under water on your mortgage payments, call David Rozansky for more information 1-877-766-3275 ext 527. For a limited time, David is offering the book for free to local distressed homeowners.

Specializing in the sale of residential and commercial properties in the Calabasas, Tarzana, Encino, Sherman Oaks, Studio City, Reseda, Canoga Park, Van Nuys, Woodland hills and West Hills area, David Rozansky lists and sells homes in Los Angeles County and Ventura County, Contact Dave at 1-877-766-3275 ext. 527 for more information, or visit http://www.ASAPshortsale.com

Get to know Dave Rozansky at http://www.asapshortsale.com/shortsalevi…, you may be bale to relate to him more than you think.

FOR IMMEDIATE RELEASE

PRLog (Press Release) – Feb 08, 2011 – David Rozansky Completes Prestigious ASD (Accredited Short Sale Designation) to Specialize in Real Estate Short Sales

(2/8/2011) — David Rozansky, a Realtor of Top Choice RealtyRealty in Encino, has earned the prestigious Harris Real Estate University Accredited Short Sale Designation (ASD), having completed extensive training in negotiating and closing Short Sales. This expertise is invaluable at a time when the nation’s housing market is devastated by millions of distressed home owners thrust into the foreclosure process.

The Short Sale of a property allows the distressed owner, through their Realtor, to find a buyer willing to purchase their home before they are forced into the foreclosure process. The owner can then use proceeds to repay their lender, even if the amount is less than what they actually owe on the property. In the current economy nearly all lenders are willing to consider Short Sales because they are less costly and time-consuming than foreclosures.

“The Harris Real Estate University ASD designation has been invaluable as I work with sellers and lenders on complicated Short Sales. In Woodland Hills, more than 500 homes are in some stage of foreclosure. The best action against foreclosure is Short Sale,” said Rozansky, “It is so rewarding to be able to help families save their homes from foreclosure.”

Tim and Julie Harris, founders of the Harris Real Estate University in Las Vegas, NV, said “Realtors such as David Rozansky with the HREU ASD designation have valuable training in Short Sales and can offer homeowners a better alternative to foreclosure, which inevitably destroys their credit rating and prevents them from having the ability to purchase a new home. Through our in-depth training and continuous education programs, these agents are trained to aggressively seek sellers and buyers using our extensive marketing techniques.”

The Harris Real Estate University opened in 1998, and provides Distressed Property Agent training through webinars, teleseminars and teleconferencing. Agents can earn their Short Sale Listing designation remotely from their offices all across the nation. The HREU ASD is the premier designation for Realtors who want to specialize in helping distressed home owners.

“Our goal is to prepare agents enrolled in the program for the increasingly competitive Short Sale market. It’s becoming more difficult for uncertified agents to out-sell our graduates. Our comprehensive Short Sale Certification gives them everything they need to gain an edge over other agents in their service areas,” Harris said.

If you feel you are in need of more information about foreclosure alternatives, or if you are under water on your mortgage payments, call David Rozansky for more information 877-766-3273 ext.527.

Specializing in the sale of residential and commercial properties in the Calabasas, Woodland hills and West Hills area, David Rozansky lists and sells homes in Los Angeles County. Contact David Rozansky at 877-766-3275 ext 527 for more information, or visit www.ASAPShortSale.com.

Contact Name: David Rozansky
Company: To Choice Realty
Address: 17609 Ventura Blvd. Suite 208, Encino, Ca 91316
Phone: 877-766-3275 ext 527
Email:  dave at ASAPShortSale.com
Website: www.ASAPShortSale.com

Need help stopping foreclosure or negotiating a short sale? Los Angeles short sale expert Dave Rozansky shares his favorite tips and experience.

Question: In all the years you have been in the short sale business and stopping foreclosures what is one of the worst cases you have experienced?
Dave: We have recently completed a short sale on a home that was vacant. The owner lives across town and never frequented the property as it was a rental and vacant after not being able to keep up with the payments.
Shortly after we had done our inspection on the property and during the short time we were working with the bank on the value, an unscrupulous person broke into the house, changed the locks and found a renter willing to pay cash each month for a place to live. The person posed as an imposter of the actual owner as he had pulled public documents to attempt forging the owner’s signature. The unsuspecting tenants were clearly victims of a rent scheming case which is now being handled by the local detectives but this was not before these people handed the imposter $2,000 in security deposits and $2,000 in rent, all in cash.
Question: How did you handle the situation?
Dave: I worked with the local detectives in supplying all documents, proving the facts in the case and the unsuspecting tenants they were given a week to move out. Once they were out I had a cleaning crew come in and tidy up the home and yard, changed the locks and successfully completed the short sale for the homeowner.
Question: What tips would you give to someone needing a short sale on their investment home?
Dave: It is important to know your neighbors to help keep an eye on the property and make sure they have your phone number. Let them know that you do not expect any activity on the home and when you do contract someone like myself who can stop foreclosure and short sale your home be sure to let them know and share the contact information. Everyone wants what is best for their neighborhood so taking this extra step will help secure the community and minimize damage to the home.
Dave Rozansky is a Los Angeles short sale negotiation expert and licensed real estate agent. He is available for a no-obligation consultation by calling this phone number: 1-877-766-3275 ext. 317.
You can also download a FREE Special Report on how to avoid short sales. It’s called the Los Angeles “STOP FORECLOSURE” Handbook & Short Sale Guide. It will step you through what you need to do to stop foreclosure or execute a Short Sale In Los Angeles.
In addition, if you’d like to get to know Dave a little better, check out this Short Sale Los Angeles video that he made telling you his story (Hint: He’s more like you than you could ever believe…) and exactly what to do next to help stop your foreclosure in Los Angeles.

His 2011 Foreclosure Market Observations

Need help stopping foreclosure or negotiating a short sale? Los Angeles short sale expert Dave Rozansky shares his favorite tips.

Question: Dave, you’ve lived in Los Angeles about five years now, what have you seen change in the foreclosure and short sale market?

Dave: Well, as you know, the real estate market is very soft right now, so if you bought your house any time within the last 5-10 years, it can be hard to sell it for enough to pay off your mortgage. This makes it really difficult for sellers to unload their properties. Many houses are languishing on the market because the real estate agents have priced them too high.

What that means is that if you get into financial trouble (many are due to the recession, or personal circumstances like job loss, divorce, car accident, etc.), you can have a really difficult time selling your house. You can’t just put it on the market and have it snapped up right away like you could a few years ago.

What that means is that when people go through hard times, they are much more likely to go into foreclosure now.

And having the glut of foreclosures on the market (which banks tend to be somewhat willing to liquidate at lower prices) means that the prices of real estate just stays low. It’s a vicious circle.

Question: What should a Los Angeles, CA home owner do if he finds himself facing foreclosure?

Dave: That’s a question that I help people answer every day. Many of the people that I work with would prefer to keep their properties and keep living in their homes. I help a lot of people negotiate short sales in Los Angeles, but only if they decide that’s the best choice for them. I never try to pressure anybody.

If they have the income (say they were temporarily out of work and are now on the job again) and or can come up with the cash or get a loan from a friend or family member to bring the back-payments current, it is often possible to reinstate the loan.

And some banks are working with people, too, if they are back earning income, but can’t make up the back payments in a lump sum, for example.

Plus, there are some government programs out there now, too – HAMP, Hope For Home Owners – that can help. Although those have some hidden kickers you need to be aware of.

Each person’s situation is different. But the worst thing that you can do is to do nothing. The earlier you take action and call your bank to talk through the options, or talk to a foreclosure expert who can advise you, then the better your results are going to be. The more options you’ll have.

Dave Rozansky is a Los Angeles short sale negotiation expert and licensed real estate agent. He is available for a no-obligation consultation by calling this phone number: 1-877-766-3275 ext. 317.

You can also download a FREE Special Report on how to avoid short sales. It’s called the Los Angeles “STOP FORECLOSURE” Handbook & Short Sale Guide. It will step you through what you need to do to stop foreclosure or execute a Short Sale In Los Angeles.

In addition, if you’d like to get to know Dave a little better, check out this Short Sale Los Angeles video that he made telling you his story (Hint: He’s more like you than you could ever believe…) and exactly what to do next to help stop your foreclosure in Los Angeles.

Article Source: http://EzineArticles.com/?expert=Serena_N_Ericson

New research from PEW Local Trends goes into great detail about Strategic Defaults.

What will be surprising to many is the dramatic increase in the number of homeowners willing to walk away from their underwater home.

It seems that the worst housing downturn in American History can distort a lot of previously held views.

I am not a proponent of walking away. I don’t think Anyone should be advocating strategic defaults. With that said, its happening anyway and it is our Company’s job to work with owners who are walking away for financial reasons vs a true..traditional…hardship. There are methods to help hardship…and non-hardship owners who are considering walking away. Clearly, a short sale is the best solution for the owners, their neighborhoods, the lenders…and of course…the real estate industry.

Read this article and share your thoughts on strategic defaulting.

A majority of Americans say it is “unacceptable” for homeowners to stop making their mortgage payments and abandon their homes, according to a Pew Research Center survey. But more than a third (36%) say the practice of “walking away” from a home mortgage is acceptable, at least under certain circumstances.

Nearly six-in-ten (59%) believe it is wrong for homeowners to deliberately stop paying their mortgages and surrender their homes to the mortgage lender, according to the survey of 2,967 adults conducted May 11-31.

But two-in-ten (19%) say it’s acceptable and an additional 17% volunteer that it depends on the circumstances.1

As the housing market continues to flounder in many parts of the country, more than one-in-five homeowners (21%) say they owe more on their mortgages than their home is worth, the survey finds.

Some homeowners in this situation stop making their mortgage payments and let the bank foreclose on their homes.

In July alone, lending institutions foreclosed on an estimated 93,000 properties, according to data compiled by RealtyTrac Inc.; this was the second-highest monthly total since the firm began tracking foreclosures in April 2005.

Not surprisingly, how people fared financially during the Great Recession is linked to their views on walking away from a mortgage.

Nearly half (48%) of all homeowners say the value of their home declined during the recession, and as a group they are more likely than those whose home did not lose value to say it’s acceptable to renege on a mortgage (20% vs. 14%).

Renters are even more likely to say it’s okay to stop making house payments: Fully a quarter (25%) say it is acceptable to walk away.

Those who have had financial problems during the recession are more likely than others to say that walking away from a mortgage is acceptable.

Nearly one-in-four adults (24%) who say their families are just able to pay their monthly bills or can’t meet expenses say it’s okay to stop paying a mortgage, compared with 14% of those who say they “live comfortably.”

But homeowners who say their homes are worth less than what they owe are not more tolerant of the practice than those who would break even or make money on a sale (18% vs.17%).

While some demographic groups are more likely than others to say it’s okay to walk away — among them, Hispanics, adults younger than age 65 and those living in the West — these differences are mostly modest.

For example, nearly a quarter (24%) of all Hispanics say it’s acceptable to abandon a mortgage, compared with 17% of whites and 21% of blacks. However, roughly similar majorities of Hispanics (58%), blacks (56%) and whites (61%) say it’s wrong to do so.

There are sharp differences by partisanship. Democrats are about twice as likely as Republicans to say it is acceptable to walk away (23% vs. 11%).

Under Water and Upside Down
As the housing market collapsed and the Great Recession took hold, sinking home values have left many homeowners owing more on their mortgages than they could collect if they sold their property. In real estate argot, their mortgages are “under water” and their home loans “upside down.”

According to the survey, about one-in-five mortgage-holders (21%) are currently “under water.” Black homeowners are more likely than whites to be in this circumstance (35% vs. 18%); lower-income homeowners are more likely than upper-income homeowners to face this problem (33% for those with family incomes of less than $30,000 vs. 15% for those earning $75,000 or more). Middle-aged homeowners are more likely than either younger or older homeowners to be in this situation.

Caught between big mortgages, sinking home values and the financial strains associated with periods of high unemployment, many homeowners have stopped making mortgage payments and opted to “walk away” from their loans and their homes. The practice has grown so common that the mortgage finance giant Fannie Mae, reeling from mounting losses, is now suing so-called “strategic defaulters” — those who can afford a mortgage but bail anyway.

The Current State of the Foreclosure Crisis
The latest mortgage industry data paints a mixed picture of the nation’s foreclosure crisis. According to the closely watched Mortgage Bankers Association National Delinquency Survey, the delinquency rate for all mortgage loans outstanding declined to 9.85% during the second quarter of 2010, the first quarterly drop since 2006. The percentage of loans currently in foreclosure stands at 4.57%, a decrease from the first quarter of 2010 but an increase from a year ago. The proportion of new foreclosures started during the second quarter is at 1.11% of all mortgages, down from 1.23% during the first quarter. Taken together, the combined percentage of all loans in foreclosure or with at least one payment past due was 13.97 percent, a slight decline from 14.01% in the previous quarter.

More ominously, the rate of short-term delinquencies—loans that are one payment behind—has increased from 3.31% at the end of 2009 to 3.51 in the second quarter of 2010. The rate of short-term delinquencies had peaked in the first quarter of 2009 at 3.77% but had declined through the first quarter of this year.
Data from the firm RealtyTrac Inc. suggests that lenders repossessed nearly 93,000 properties in July 2010 an increase of 6% from July, 2009. This was the second-highest monthly total since the firm began tracking foreclosures in April 2005. Overall some mortgage experts estimate that more than 2½ million homes have been lost to foreclosure since 2005.

Since short-term delinquencies are closely tied to the unemployment rate, analysts suspect that the rise in first-time unemployment claims during the first few months of the year has now pushed the new delinquency rate higher. “Ultimately the housing story, whether it is delinquencies, homes sales or housing starts, is an employment story,” said Jay Brinkmann, MBA’s chief economist, in a statement that accompanied the release of the latest MBA survey. “Only when we see a consistent increase in employment will we see an increase in sales and starts, and a sustained improvement in the delinquency numbers. Until we see the increase in the number of households that comes with an increase in the number of paychecks, all measures of the health of the housing industry will continue to be weak,” Brinkmann said.

Financial Problems and Walking Away
Some homeowners may view defaulting on a home loan as a smart economic decision. But for others, the survey suggests it is the act of a financially pressured homeowner who has been laid low by the Great Recession.

As the number of financial hardships a person suffered during the recession increases, so does tolerance for walking away from mortgage payments.

But even among those who faced multiple hardships, solid majorities still say it is unacceptable to quit making house payments.

Fully a quarter (25%) of those who report they had problems paying their rent or mortgage say it is acceptable to stop making mortgage payments, compared with 18% who did not have problems paying for housing.

Similarly, those who had to borrow money from friends or family during the recession are more likely than those who did not to say it is okay to walk away (25% vs. 18%).

Americans who found it difficult during the recession to pay medical bills or find adequate care also are somewhat more accepting of abandoning a mortgage (25% vs. 17%) than those who did not have problems with health care.

When these three problems are analyzed together, the relationship between recession-related financial problems and attitudes toward walking away becomes stronger.

Only about one-in-six adults (16%) who faced none of these three problems think it is acceptable to forego making house payments and surrender the property. In contrast, nearly three-in-ten adults (28%) who experienced all three hardships say it is okay to bail on a mortgage.

For most Americans, financial hardship is not a good enough reason to stop paying the mortgage. Even among those who faced all three recession-related problems, a 57% majority say it is unacceptable to walk away from a mortgage and 13% say it depends on the circumstances.

A similar pattern is apparent on the employment front. Those who suffered a spell of unemployment during the recession are somewhat more tolerant of walking away from a mortgage. Slightly less than a quarter of the ever-unemployed (23%) say it is acceptable to quit making mortgage payments, compared with 18% of Americans who did not lose their jobs during the recession.

Demographic Differences
Even in the worst of economic times, most Americans believe in paying their bills. Majorities of every core demographic group measured in the Pew Research survey agree that walking away from a mortgage is unacceptable. What differences that exist between demographic groups are modest, at best.

According to the survey, men are more likely than women to say it’s okay to abandon one’s home mortgage (22% vs. 17%).

A larger share of Hispanics (24%) than whites (17%) say voluntary foreclosure is an acceptable option-a view shared by 21% of blacks.

Hispanic men in particular accept the practice: 31% find it acceptable compared with 17% of Hispanic women. Hispanic women, on the other hand, are more likely than Hispanic men to say it depends on the circumstances (18% vs. 8%).

The relationship between age and attitudes toward walking away from a mortgage is complex.

On the one hand, older adults are significantly less likely than young people accept walking away (13% for those 65 and older, compared with 21% of adults younger than 65).

But that doesn’t mean older Americans categorically reject the practice while younger people who are more likely to tolerate it.

In fact, it is those younger than 30 who are the most likely to say walking away is unacceptable: 68% say this, compared with 57% of adults 65 or older.

Instead, older adults are more measured in their views. They are more likely than younger adults to volunteer that it depends on the circumstances (22% of those 65 and older vs. 9% of those 18 to 29 years old).

When taken together, slightly more than a third of older adults (35%) and nearly as many younger people (30%) believe it okay to walk away from a mortgage or say it is acceptable under certain circumstances. (The survey did not probe to find out under what specific circumstances people thought walking away was acceptable.)

Other Differences
Americans living in the West-Ground Zero in the real estate market meltdown-are significantly more tolerant of walking away from a mortgage than residents of other regions. A quarter (25%) of all westerners find the practice acceptable, compared 19% of respondents living in the Midwest, 18% in the South and 16% in the East.

City-dwellers also are about twice as likely as rural residents to accept walking away (24% vs. 14%),while 18% of all suburbanites residents agree.

Renters are somewhat more likely to find it acceptable to walk away from a mortgage than homeowners (25% vs. 17%).

Attitudes toward home ownership also are associated with the willingness to tolerate those who decide to default on their home payments.

A lop-sided majority of Americans say a home is the best long-term investment a person can make. Perhaps not surprisingly, those who see a home as a growth asset are significantly less likely to accept intentional foreclosure than those who do not value a home as highly as an investment (17% vs. 29%).

While helping financially strapped homeowners is popular with both Republicans and Democrats in Congress, the partisan divide opens wide when it comes to judgments about walking away from a mortgage.2

Overall, Democrats are nearly twice as likely as Republicans to say the practice either acceptable, or acceptable under some circumstances (42% vs. 24%). Political independents also are more tolerant of walking away than Republicans (36%).

These partisan differences remain when each element of the question-acceptance vs. qualified acceptance-is analyzed. Democrats are twice as likely as Republicans to tolerate homeowners who abandon their mortgages (23% vs. 11%). They also are significantly more likely to say the practice is acceptable under certain circumstances (19% vs. 13%).

About the Survey
Results for this survey are based on telephone interviews conducted with a nationally representative sample of 2,967 people ages 18 and older living in the continental United States. A combination of landline and cellular random digit dial (RDD) samples was used to represent all adults in the continental United States who have access to either a landline or cellular telephone. A total of 1,893 interviews were completed with respondents contacted by landline telephone and 1,074 with those contacted on their cell phone. The data are weighted to produce a final sample that is representative of the general population of adults in the continental United States.

If You or Someone You Care About is Having Trouble with Their Mortgage
I CAN HELP – 877-766-3275 ext.107
CONFIDENTIAL – NO COST – DISCREET – NO OBLIGATION

That’s right, last year The Treasury Department spent $4.3 million in HAFA short sales as incentives for homeowners to complete a short sale through the HAFA program. Of the hundreds of thousands of short sales done nationally only 661 are estimated to have gone through successfully.

The Treasury launched HAFA in April to provide an incentive for short sales and deeds-in-lieu of foreclosure. The program was designed as another solution for borrowers who qualified for the Home Affordable Modification Program trial but failed to get a permeant modification either by re-default during the trial stage or failing to send in the required documentation.

According to HAFA program guidelines, the Treasury pays $1,500 to mortgage servicers for a short sale and up to a $2,000 match for mortgage investors for allowing up to $6,000 in short sale proceeds to be distributed to subordinate-lien holders. The Treasury also pays $3,000 for borrower relocation assistance.

If the Treasury paid the maximum $6,500 for each short sale done so far, and the Treasury has paid $4.3 million so far, that means roughly 661 short sales have gone through the HAFA program in eight months.

In October, the Special Inspector General for the Troubled Asset Relief Program reported servicers and investors had cleared only 342 short sales or deeds-in-lieu of foreclosure as of Sept. 30.

If this information is disheartening, don’t worry. We at Noah’s Ark Properties can help you with your short sale and help find you a new home. Call Dave at 877-766-3275 ext. 7 or visit our website here.

I just made this video I think you will enjoy – it helps spell out your options for stopping foreclosure on your home and selling your house if you are in distress!

I think you’ll find it very helpful if you’re considering a short sale or other quick sale on your home to an investor.

Having Trouble Selling Your Home? Loan Mod Not Working? Watch This!

If you are looking for details about short sales, this is the place to compare the option to foreclosing on your home and filing for bankruptcy.  When you decide to opt for a short sale, you will sell your property for less than what you still owe on your loan.  This often requires the approval of your lender, as they will be affected by the fact that you will come up short of what you owe them.  Either this will be the case or you will need to find alternate means of paying back your lender if they do not approve.  If you need a buyer, we buy house fast to help get you out of your predicament quickly.

If you were to choose foreclosure over a short sale option, your property would be seized by the bank.  In California, the lender has an even easier time of recovering your property since they need not involve the court system to do so.  This is called non-judicial foreclosure.  While foreclosure may seem like a relatively easy way to escape your mortgage debt and start over, you are not free from taxation on your forgiven debt.  In the case of substantial debt forgiveness, your tax liability could come to thousands of dollars that you are unprepared to pay.  We buy house fast and give you the chance to avoid these taxes if you make up the remaining loan to the lender.

Bankruptcy is another option that is available to people in your rough financial situation.  If you have refinanced your original loan, have an equity line, or other noteworthy debts you would like cleared, bankruptcy could seem very tempting.  However, this is a decision that must be deliberated over as the choice will remain with you for many years as you try to apply for loans in the future.  By selling your house fast to us, you can experience freedom from mortgage payments without the smear of bankruptcy on your record.  After all, we promise to we buy house fast through secure and confidential means.

If you are debating between any of these options, you must know that selling your house fast is an easy process that can be completed in a few short weeks and free you from your mortgage payments.  No matter the reason behind why you need to sell, we buy house fast and allow you to move on.

David Rozansky is a licensed Realtor since 1995 and a short sale professional since 2005. He is a National Trainer of short sales and various other strategies helping to educate people how to help others facing difficult real estate situations. To connect with David Rozansky click his name or here. His blog could be read at BuyLeaseMyHouse.com David Rozansky’s win-win-win approach to stop foreclosure and help a homeowner out of a treacherous situation has worked extremely well for all parties involved.



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