Archive for May, 2012

Sacramento Wells Fargo Short Sale Specialists Explains Relocation Assistance Programs

Wells Fargo Sacramento Short Sale Relocation Assistance

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

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Sacramento Short Sale Relocation Assistance Programs:Bank Of America

BofA Short Sale Relocation Asssistance Pays Up to $30,000

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

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Sacramento Short Sale Relocation Specialist Answers: Servicer and Investor; Whats The Difference?

Sacramento HAFA Relocation Assistance Short Sale Expert

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!

 

 

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