Here are the Top Four Defenses you may have if you are behind on your mortgage. I can assist you if you need help understanding each one of these options. Call or email for a private no-obligation consultation. 626.255.2783 or hectoraguilarre@gmail.com or visit us at www.AboutCaliforniaShortSales.com
Here are the Top Four Defenses you may have if you are behind on your mortgage. I can assist you if you need help understanding each one of these options. Call or email for a private no-obligation consultation. 626.255.2783 or hectoraguilarre@gmail.com or visit us at www.AboutCaliforniaShortSales.com
Here are the Top Four Defenses you may have if you are behind on your mortgage. I can assist you if you need help understanding each one of these options. Call or email for a private no-obligation consultation. 626.255.2783 or hectoraguilarre@gmail.com or visit us at www.AboutCaliforniaShortSales.com
The current inventory in the East San Gabriel Valley and Inland Empire is low and this is creating a large demand on behalf of approved buyers. If you’ve considered selling, now my be the best time to put your home up for sale. Call me to set up a no-obligation consultation to see what the Current Market Value of your home is.
The Office of the Comptroller of the Currency released their First Quarter 2012 Mortgage Metrics Report recently. In the report, they covered the success the banking industry is having in each of several categories regarding the current housing crisis. They found:
Loan modifications–
These are “actions that contractually change the terms of mortgages with respect to interest rates, maturity, principal, or other terms of the loan.”
Down 36.7% from last year.
Completed foreclosures –
Where “ownership of properties transferred to servicers or investors. The ultimate result is the loss of borrowers’ homes because of nonpayment.”
Up 2.7% from last year.
Newly initiated foreclosures–
“Mortgages for which the servicers initiate formal foreclosure proceedings during the month. Many newly initiated foreclosures do not result in the loss of borrowers’ homes because servicers simultaneously pursue other loss mitigation actions, and borrowers may act to return their mortgages to current and performing status.”
Down 8.1% from last year.
Short sales –
“Sales of the mortgaged properties at prices that net less than the total amount due on the mortgages. Servicers and borrowers negotiate repayment programs, forbearance, or forgiveness for any remaining deficiency on the debt. Short sales typically have a less adverse impact than foreclosures on borrowers’ credit records.”
Up 19.7% from last year.
The only category up significantly is short sales. And the rate of increase in short sales is accelerating.
Loan Modification are on the way down…short sales are surging! Read the attached report. now is the time to apply for a short sale and avoid foreclosure! We can help, We’ll do it together. Call us for a private consultation to review your options to avoid foreclosure. (626) 255-2783.
People say: “It takes a village to raise a child”. The realities of today’s life (two family incomes and such) have forced a family to lean on others (neighbors, relatives, teachers, etc.) to protect and teach our young people about culture, history and acceptable behaviors. Teams, because of their ability to provide specialized solutions to problems, have often proved to be more efficient deliverers of information.
In real estate today (maybe more than ever), it also takes a team. As with a basketball team, each member needs certain skill sets and proper coaching on how to weave the different skills into a cohesive unit to achieve the desired outcome. The evolution of how things work has created a necessity of excellent communication between all the players. The needs of buyers and sellers have developed an even broader need for new members of a great team.
A great working relationship between an agent and a loan officer is an obvious connection. Changing mortgage guidelines, appraisal challenges and qualification standards requires everyone working together. But, there are so many others whose expertise may be needed to properly advise today’s clients.
An Accountant
One of the reasons people buy a home is that they hear of the tax advantages. What really are they? How will the purchase affect my monthly cash flow? Should we adjust our exemptions with our employer? What about home repairs and depreciation? What about parents who gift money to their kids…is there a smart way to do it?
And for sellers, especially people who may not be buying a new home, what are the consequences of their sale? Capital Gains Tax? Can/should they consider “gifting” proceeds to relatives? Long term health care? Life Insurance? That leads to …
A Financial Planner
How does buying or selling real estate impact cash flow and long term savings and planning?
Attorneys
Divorce attorneys, estate attorneys, elder care attorneys and even bankruptcy attorneys have a role in many transactions these days. Choices made without their counsel can have very damaging repercussions.
Home Inspectors, Termite Companies and Home Improvement Contractors
These professionals protect customers from nightmares, or explain the costs associated with preventing or curing problems.
Making a decision to buy or sell a home has far reaching effects. To think your real estate agent or loan officer is an expert in everything is not prudent. However, aligning yourself with a professional who surrounds themselves with other professionals is extremely wise. Make sure the people you work with have a network of related experts that you can tap into. You need to be represented by a TEAM!
via kcmblog.com
Military families that receive permanent change of station orders, can now also qualify for a short sale. Take a look at the details…, if you have been affected by a loved one receiving PCS orders and need to short sale your home, we can help. Visit us at www.AboutCaliforniaShortSales.com or call us at 626-255-2783. We look forward to serving you through the short sale process while you transition in your life.
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