short sale options for homeowners El Dorado Hills alternative to bankruptcy Natomas Folsom Real Estate Citrus HeightsAlthough short sales are not hassle-free, at least you've got the government backing you. The Home Affordable Foreclosure Alternatives program (HAFA program) provides financial incentives for lenders and borrowers to avoid foreclosure through short sales.

Participation in the HAFA program requires adherence to guidelines—including a standard process and minimum timeframes—that speed the process. The HAFA program is for homeowners who can’t keep their homes with the help of a loan modification.

  • You can be a homeowner again more quickly with a short sale in your past than with a foreclosure. New Fannie Mae guidelines help you qualify for a new mortgage in as little as two years after a short sale, as opposed to up to seven years after a foreclosure.
  • You will have more time to make relocation plans and save money than with a deed in lieu. A short sale may take four to 12 months. A deed in lieu of foreclosure arrangement typically requires you vacate your home within 30 to 60 days of signing.
  • You can receive up to $3,000 from your lender for moving expenses at the time of closing of a HAFA short sale. Relocation funds are part of the incentives of HAFA, but not necessarily for other short sale or deed in lieu programs of the lenders.
  • You can help your community's home values. Because the lender often receives a higher amount of the remaining loan balance than it would from the sale of a home after a foreclosure, short sales help support home values in the surrounding community.
  • Contact us to schedule your free legal consultation!
  • Find a qualified Greater Sacramento REALTOR® experienced in short sales. Short sales are tough to navigate, and they're further complicated by your loan type-FHA vs. Veterans Administration vs. conventional loans. Real estate agents who specialize in short sales will know the proper steps and order of the steps involved. They'll also be able to navigate the many parties involved in the process and over-burdened loss mitigation departments. Look especially for agents who have Short Sales and Foreclosure Resource (SFR) Certification, which requires specialized training.
  • Gather evidence to support your need for a short sale as opposed to a foreclosure. You'll need to prove that you have little or no equity in your home, you're behind on your payments, and you’re no longer able to afford your home. You'll need to write a hardship letter to the lender describing your circumstances, such as a divorce, job loss, illness, death, or other event that has impacted your income.
  • Code 3 Real Estate has a staff of some of the most experienced negotiators in the nation. We are effective because most of our employees have worked and managed in the lender's loss mitigation departments and have been trained in short sales as their specialty. Our staff has successfully negotiated over 100 short sales with most, if not all banks. Some of those banks include; Chase Bank, EMC Mortgage, Wells Fargo, HSBC, Wachovia, Litton Loan Servicing, OCWEN, Homecomings Financial, GreenPoint Mortgage, Specialized Loan Servicing, Bank of America, HomEq Servicing, JP Morgan, IndyMac Bank, Countrywide Mortgage, Saxon, ING Direct, US Bankcorp, WAMU, First Franklin, AHS and many Code 3 Real Estate today!

Code 3 Real Estate teamFOR IMMEDIATE RELEASE
September 27, 2011

Contact: Kristen Snedeker
Ph: 916-455-5225, Ext. 7
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Homeownership is still the American dream; however the process of purchasing a home can be costly and complex in today's distressed and dynamic market. Code 3 Realty & Mortgage is going to do our part to alleviate the fears of both prospective home buyers and their agents by education.

Code 3 Realty, an area leader in distressed property sales, management and disposition, in cooperation with local mortgage brokers have partnered to make this workshop a learning experience that is informative and interactive for prospective buyers and their agents.


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distressed Sacramento homeowners facing foreclosure can avoid foreclosing with a short sale Code 3 Real Estate Fair Oaks Elk Grove Natomas Avoid Foreclosure: We know how frustrating it can get when all you have worked so hard for is threaten by the current economy and the mortgage bust. You have alternative solutions, Code 3 Realty has helped a lot of distressed homeowners who thought foreclosure was have options.

If you are facing foreclosure act know, we have so many people call us when it is to late and it's very hard for us to tell the homeowner "There is nothing else we can do" foreclosure sale dates can be postponed, but only if you act proactively.

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3112 O Street
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Sacramento, CA 95816
916-455-5225 Ext. 7
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