Wells Fargo Sacramento Short Sale - WF Has A Great Short Sale Relocation Assistance Program For Eligible Homeowners

We are Sacramento Wells Fargo Short Sale Specialists With Several Sacramento Short Sale Relocation Assistance Transactions Pending Right Now…

Many Banks Have Programs!

Does your bank have a Short Sale Relocation Assistance or Sacramento ‘Short Sale Cash For Keys’ Program?

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

Wells Fargo Will Pay Up To $5,000 PLUS HAFA’s $3,000 For You To Do a Short Sale! 

WHAT?

Yes! Qualifying homeowners who complete a short sale with Wells Fargo will have the chance to qualify for a relocation assistance payment of up to $5,000  We have closed several and have seen the checks!  The nice thing about this program is that it can be in addition to and/or in absence of any other program the sellers may qualify for (Like HAFA).

This program has been around for years and has is easy to administer; because, in fact, a local  Sacramento Wells Fargo Short Sale Negotiator will be assigned to your file to work as the banks negotiator!

And She Is Great! 

And these transactions close FAST!

We don’t know how long the program will last; so if you are upside down, have a loan with with Wells Fargo and  have been considering a short sale, now might be a good time to explore the short sale option.

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

How Do You Make Sure You Get the Largest Relocation Assistance Payment Possible From Wells Fargo?

The best way to ensure that you get every dollar you can from in Sacramento Wells Fargo Short Sale Assistance is to use an agent with extensive experience with them.  We are Sacramento Wells Fargo/Wachovia/World Savings Short Sale Specialists with years of  extensive experience with Wells Fargo.  We can answer all your questions on the program and help you get every benefit possible from Wells Fargos’s Short Sale Program.

More Questions about your particular situation?

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center or call 916-346-3810

Short Sale Relocation Assistance Pays Up to $30,000 From BofA

HAFA Certified Short Sale Relocation Specialist UPDATE:

We are Sacramento Bank Of America Short Sale Specialists With Several Sacramento Short Sale Relocation Assistance Transactions Pending Right Now…

Does your Bank Have A Short Sale Relocation Assistance or Sacramento ‘Short Sale Cash For Keys’ Program?

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

Bank Of America Will Pay Up To $30,000 for you to do a short sale! WHAT?

Yes! Bank of America Recently announced a new Short Sale Program for California: a Short Sale Relocation Assistance Program in which qualifying homeowners who complete a short sale with Bank of America will have the chance to qualify for a relocation assistance payment of up to $30,000. We have several in the works right now, none as large as $30,000, they are $3,000, $4,200 and two more that have not been determined but the range is between $1,500 and $4,500, according to the Short Sale Negotiators. The nice thing about this program is that it can be in addition to and/or in absence of any other program the sellers may qualify for (Like HAFA).

This is a brand new Short Sale Relocation Program for California, it has been active in Florida for several months and they obviously liked the results and expanded the Bank of America Short Sale Relocation Assistance Program to California

We don’t know how long the program will last; so if you are upside down, have a loan with with Bank of America and  have been considering a short sale, now might be a good time to explore the short sale option.

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

How Do You Make Sure You Get the Largest Relocation Assistance Payment Possible From Bank of America?

The best way to ensure that you get every dollar you can from Bank of America is to use an agent with extensive experience with them.  We are Sacramento Bank Of America Short Sale Specialists with years of  extensive experience with BofA.  We can answer all your questions on the program and help you get every benefit possible from Bank of America’s Short Sale Program.

More Questions about your particular situation?

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center or call 916-346-3810

Sacramento HAFA Relocation Assistance Expert and Sacramento Short Sale Specialist Explains Servicer, Lender

Lender, Servicer, Borrower, Investor…

As a Certified HAFA Short Sale Specialist, Sacramento Short Sale Relocation Expert and Short Sale Specialist in Sacramento, I spend a lot of time answering questions and explaining and visiting with people who are exploring their options in today’s mortgage mess and Relocation Short Sale programs in Sacramento.

One of the most common questions I get is:

Who is my lender?  Well; what do you mean by that? I answer that question with another question: Is your lender the servicer, or are they the investor?

You see, most of the time,  your ‘lender’ does not actually own your loan anymore. After they gave you the loan to buy your house, they immediately sold your loan behind the scenes to an “investor”. And the investor then retained your ‘lender’ to service the loan. Servicing a loan usually includes sending you a statement every month, collecting the payment, paying the property taxes and homeowner’s insurance.  The ‘servicer’ then receives payment for administrating – or servicing – the loan. This is who the public deals with.  These servicing contracts also cover servicing anything to do with mitigating loss, ie. loan modification, foreclosure or died in lieu or short sale.

In contrast, the Investor – also known as the noteholder – is the actual party that OWNS THE LOAN. They are the people behind the servicer that make the decision whether or not to a accept a short sale. In most cases, 9Up to 80% of the time) the investor on any given loan is Fannie Mae or Freddie Mac. Click on the names below to find out if either of these entities own your loan.

Who Owns My Home Loan?

Does Fannie Mae Own Your Loan?

Does Freddie Mac Own Your Loan?

If they do not, your loan may have been sold to a private investor as well; Many insurance companies, hedge funds, pension funds, and even municipalities purchased these loans. The other option could be is it is actually owned by your bank and is what is commonly referred to as a portfolio loan.

When we begin working on a Sacramento short sale, especially a  Sacramento Short Sale With Relocation Assistance one of the very first things we do is determine who is the servicer and who is the investor. It’s important for us to know, as they all have their own guidelines and policies, so we need to know who we are dealing with and find the ultimate decision maker in order to get a Sacramento short sale approved. While short sales are emotionally taxing for sellers and buyers, they are simply economic decisions for the investors. The investor – along with the servicer’s assistance – makes a determination of which option – foreclosure or short sale – will results in the smallest loss to the investor.

Questions On Your Particular Situation and your Sacramento Short Sale Options? Do Not Wait!! Time Is Of The Essence! The Foreclosure Process and California Foreclosure Timelines And California Short Sale Timelines are ticking away!

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center.  Sacramento, CA Short Sale Expert and Certified HAFA Short Sale Specialist Forth Hoyt Can Help You Determine Your Eligibility for HAFA Short Sale Program!

How does the foreclosure process work in California? What is the legal amount of time to foreclose in California? How long to foreclose in Sacramento?

California Foreclosure Timelines and Foreclosure Information for California

California State Foreclosure Time-Frames, Foreclosure Timelines in California And Time to Foreclose in Sacramento California
What is the time to foreclose in California? Get the Latest Charts on California’s Foreclosure Timelines here.

According to Forecloureradar.com, the average time for a foreclosure to be completed in Sacramento County is now 210 days.

The timelines for California Foreclosures now stands at 264 days. This is the amount of time from the Notice of Default to the trustee sale.

California Notice Of Default- The Beginning of the California Foreclosure Process beginning of the foreclosure process

These calculations of time to foreclosure in California and Sacramento foreclosure process time lines both use the filing of the Notice of Default as the initial day of the foreclosure process. It does not take into consideration the amount of time the homeowner made no payments before the NOD was filed. Depending on the bank, servicer and investor of each loan, this can be anywhere from 90 days to over two years…. since the last payment (The NOD legally cannot be filed until the loan is 60 days past due).

The legal foreclosure Time Lines in California and Time Line Chart for the

Legal Non-Judicial Foreclosure Process in California is:

California Foreclosure Time Line And Process

There have been more changes to California’s Foreclosure Timeline. Actually just one more step: The Bank or Servicer  must contact you and/or whoever else is on the mortgage loan, by phone or in person, to assess your financial situation and explore your options to avoid foreclosure and must advise you during that first contact that you have the right to request another meeting about how to avoid foreclosure. That meeting must be scheduled to take place within 14 days.

They cannot start the foreclosure process until at least 30 days after making contact to do that assessment and explore options to avoid foreclosure.

You may designate a HUD-certified housing counseling agency, attorney, or other adviser to talk on your behalf with the servicer or lender about ways to avoid foreclosure.

You get a chance to accept or reject any loan modification or other foreclosure avoidance plan that your representative and the lender/servicer come up with during that conversation. After taking these steps, if no foreclosure avoidance plan has been worked out, the foreclosing entity must record and serve the homeowner (and anyone else listed on the title) with a Notice of Default. The California Notice Of Default- The Beginning of the California Foreclosure Process

A minimum of three months after serving the Notice of Default, the foreclosing entity must file and serve the homeowner (and anyone else on title) with a Notice of Trustee Sale. A minimum of twenty days later, the property can be sold at a foreclosure sale. Here in Sacramento County, Trustee Auctions Location  (held nearly every business day) is at 720 9th St. Sacramento.

HAFA Short Sale's $3,000 Cash For Keys!

Forth Hoyt, El Dorado Hills CA Certified HAFA Short Sale Specialist, Expert Short Sale Negotiator and Certified HAFA Short Sale Specialist explains changes and extension to HAFA Short Sale Program.

El Dorado Hills  HAFA Expert and Certified HAFA Short Sale Specialist Forth Hoyt Reports a HUGE HAFA UPDATE ! HAFA has not only been extended, it has also been updated! It has now been extended a full year, to the end of 2013 and you don’t have to be living in your home AND you can SHORT SALE YOUR EL DORADO HILS HOME WHILE STILL CURRENT! NO “HIT” TO YOUR CREDIT!

FIND OUT! I am a Certified HAFA Expert-

Am I Eligible For HAFA?  We can find out in Five Minutes!! Call me Right Now! 916-316-3810

or Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

SHORT SALE YOUR HOME WHILE STILL CURRENT! NO “HIT” TO YOUR CREDIT!

This is HUGE!!

HAFA IS HOT! As a Sacramento Short Sale Expert and Certified HAFA Short Sale Specialist I am getting at least five calls per week: Am I Eligible For HAFA? What are the HAFA Eligibility Requirements? Am I Eligible For HAFA?

Do you have only one loan? Do you have two or even three loans? Doesn’t really matter as long as everyone agrees: Each Servicer/Investor (who service and own your loan)  must be participating in HAFA: Entire List Of Mortgage Servicers Participating In HAFA

Call me today- 916-316-3810

In five minutes we can find out whether you are eligible for HAFA’s Recourse protection and HAFA’s $3,000 In Cash For Keys (Relocation Assistance)

Questions On Your Particular Situation? Do Not Wait!! Time Is Of The Essence! The Foreclosure Process and California Foreclosure Timelines And California Short Sale Timelines are ticking away!

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

Sacramento Short Sale Expert and  Sacramento Certified HAFA Short Sale Specialist Forth Hoyt Can Help You Determine Your Eligibility for HAFA Short Sale Program!

Am I Eligible For HAFA?

CDPE Short Sale Specialist

Upside down in Sacramento? Mortgage Problems in Sacramento? Is your Sacramento Home Upside Down?  Who can help you with Mortgage Problems in Sacramento? What can you do if your Sacramento Area Mortgage is Too Much?

As a Certified Distressed Property Expert, I understand the many options available to Sacramento Area Homeowners who are struggling with a mortgage payment that has become out of hand.

HOW TO KEEP MY HOME… Homeowner Help Center

Quieting Your Mortgage Storm 916-316-3810

There are several Foreclosure Alternatives Available to Sacramento Area Homeowners.

There are several alternatives for a homeowner to consider when foreclosure is looming. Before proceeding, a homeowner must first choose whether or not he or she wants to keep his or her home.

If a homeowner wants to keep their home:

• Repayment plan: The homeowner establishes a payment schedule with the lender to pay the delinquent amount.
• Special forbearance plan: The homeowner requests a temporary reduction or payment suspension that will be increased after a set specific period of to repay the delinquent amount.
• Modifying the mortgage: The homeowner can refinance the debt and/or extend the term of the loan.
• HUD partial claim: If the homeowner has a loan insured by the Federal Housing Administration the lender can get a one time payment from the FHA-Insurance Fund to get the mortgage payments up to date.
• Refinance: The homeowner can negotiate a new loan with a different interest rate in order to make smaller payments.
• All options listed are subject to approval of the lender.

If a homeowner does not want to keep their home:

• Sell the house: Depending on the situation, the homeowner may be able to sell the house for more than is owed to the lender.
• Assumption: The homeowner turns over possession of the house to another person who then assumes the responsibility of the payments.
• Short sale: The lender and the homeowner come to an agreement to sell the home at a loss in order to get the homeowner out. Homeowners who either must move for their job, have a family situation that forces a move, have a financial “hardship” (which is now a very loose term) or have some other reason that is making a move more of a necessity than merely a choice are nearly always approved for a short sale..
• Deed in Lieu of Foreclosure: The homeowner surrenders the property to the lender without further damage to his or her credit. Only works if the bank is willing (and this is recorded as a foreclosure on your credit).

Contact us Today At Forth Hoyt’s Sacramento Short Sale Center

You CAN stay in your home if you are successful!

People ask me all the  time; Do you have to be turned down for a loan mod before you can Short Sale your home?

Well, the aswer is an emphatic NO! but why wouldn’t you try? Even though less than 5% are successful; you’ve GOT to try to modify your loan and  and stay in your home right?

The next question is always: who can help me with loan modification in Folsom? I am always happy to… and I get the request so often now, I have even written a report and and Easy Do it yourself Loan Mod System…

Finally! Folsom Loan Modification Help!

Folsom’s Multi-Certified Pre-Foreclosure Expert and Short Sale Expert Forth Hoyt; and Home Retention Advocate, along with Foreclosure Options Experts At Wereheretohelp.org and Folsom Keller Williams have written and recently compiled an in-depth loan modification packet to help Folsom Homeowners keep their homes.

This is a brand new report that includes step by step loan modification instructions and “Folsom do it yourself Loan Mod Kit” available to Folsom Residents who are upside down for free!

Read The Entire Story And Order Your Loan Mod Kit Today!

What is your successful El Dorado Hills loan modification going to look like?

Loan modification, the systematic alteration of contractual mortgage loan agreements, has been around in the United States for over 70 years.  During the Great Depression many loan mod programs were sponsored and executed at the state Government level in an effort to reduce levels of loan foreclosures.

El Dorado Hills Area Foreclosure Options Expert, Certified Foreclosure And Short Sale Specialist and Successful El Dorado Hills Short Sale Agent Forth Hoyt Provides Information on Successfully Negotiating a Loan Modification With your Bank and gives access to a free report entitled “Your Guide To A Successful Loan Mod”.

Here is just a part of Section One:

You, Your Family and your Mortgage

Begin With The End In Mind
What is your goal? What’s the target? What exactly do you want/need in order for you to make it? Know your outcome! 

What is your successful loan modification going to look like?

Take a hard, realistic look at your situation and ask yourself  what changes your bank would need to make in order for you to manage your payment. Keep in mind that if you can get the changes you need in the form of an affordable payment, the duration of the payment adjustment must provide you enough time to get back on firm financial footing. Otherwise, you will be right back in a bad situation before you know it. So you must have a goal: what changes do you need and how long do you need them?

Know What You Want! Be Clear About What your

Successful Loan Mod Look Will Look Like!

Win-Win or No Deal
These decisions and clearly defined expectations of your outcome are not easy to make, but they are necessary. By knowing the minimum mortgage modification, the absolute minimum amount of time you will settle for, you can move forward knowing that anything less is a waste of time. When you what you want and need you are on your way towards recovery. Just remember, treat it like a business decision. Be realistic, know what you need, and don’t settle for a solution that is not really a solution.

You are NOT the Villain Here
American families are facing more economic difficulty than at any time in the past 70 years. Not since the Great Depression have there been so many families facing serious many financial obstacles.

A large part of the problem was brought on by the financial market excesses of the first six years of the 21st century (2001 thru 2006). Real estate values reached dizzying levels, leading American Families to feel intoxicated by the “wealth effect.” And, everyone wanted in. As prices went up, the mortgage industry came up with new and creative loan programs that made it possible to buy homes that people really couldn’t afford. Make no mistake, these programs were not designed for the common good, these creative loan products were not driven by the desire to increase homeownership for the benefit of society. No, the loans were originated, packaged, sold, chopped up, repackaged and sold again with one thing in mind — quick and substantial profit.

It’s true, many American families may have made choices that were not as responsible as they should have been.  However if the go-go loans had never been created and the call centers and telemarketers pushing the toxic loans never existed, most of those same American families would have continued to live within their means. But instead, the entire mortgage, real estate and banking and investing industries pushed these programs: from loan officers, appraisers, real estate agents and brokers, mortgage bankers, underwriters, Wall Street entrepreneurs and many others all played their parts.

Much of the mortgage mess we are dealing with now is a direct result of a mortgage industry that during those first several years of this century to completely abdicated their responsibility to verify a borrower’s ability to pay when making a mortgage loan.

Need how to loan mod?Looking for someone to give you the how to loan mod step-by-step? Continue reading or order your Successful Loan Modification How To’s Here: Guide to A Successful Loan Mod

More Questions on your Particular Situation?

Understand your options and learn what you can do next.

Contact us today at Forth Hoyt’s Sacramento Short Sale Center

Or find out here about New Government Foreclosure Prevention Program Eligibility- Which Programs Do You Qualify For?

I am not an attorney, and you should talk to one!! Call for a referral!

It's Real! Call Chase! Then Call us today! We are Chase Short Sale Experts!

Have you received a Short Sale Letter from Chase? Do Not Throw it out!! Call Them Immediately and then Call Me!916-316-3810

Forth Hoyt; Folsom, El Dorado Hills, and Surrounding Area CDPE Short Sale Specialist, Certified HAFA Specialist and Expert Short Sale Negotiator Reports On The Benefits of CDPE and the Newest Chase Short Sale Outreach Program.

J.P. Morgan Chase has become one of the first in the banking industry to pro-actively encourage homeowners who are delinquent on their loans to do a short sale. Along with Wells Fargo (Wachovia), Citi and EMC, Chase now pays certain borrowers to do a short sale.

But before you read about the Chase Short Sale Outreach Program, have you tried to do a Loan Mod? Get Your Guide to A Successful Loan Mod

They are offering large financial incentives to homeowners facing foreclosure to sell their homes for less than the amount owed, which is a short sale.If you qualify, Chase will send you a letter saying your short sale may be eligible for a cash amount ranging from $10,000 to $45,000 by selling your home for less than the amount owed.

Sounds too good to be true—but it isn’t. I recently negotiated a short sale for a client in Citrus Heights who was paid $20,000 from Chase at the closing table of her short sale.

Of course, it’s not that black and white, and getting one of these letters is this key. This is a very streamlined Short Sale program, and Chase has its own analytical team, who specify which loans qualify. Once the loan has been accepted into the program, the homeowner receives a Short Sale Letter from Chase  with the incentive amount for which they qualify.

 

 

CDPE’s are being reffered to many major banks’ clients, to assist in their short sale

The program is offered only to homeowners with very specific loans. Part of the criteria is the loan has to be a portfolio loan. This is not for an investor or government-backed loan.  Most of these loans also were originally WaMu loans that were option ARMs/negative amortization or interest only loans. JPMorgan Chase inherited $4.1 billion in option ARMs etc., when it acquired Washington Mutual.

These programs are popping up constantly and then quickly evolving-Find out if your bank is giving incentives:

Contact us today at Forth Hoyt’s Sacramento Short Sale Center.

Which Government Programs are you qualified for?