Archive for April, 2012
Great New for Homeowners with Underwater Mortgages!
If you are a homeowner in Huntington Beach, Fountain Valley, or anywhere in Orange County, and unable to keep up with your mortgage payments… I have some great news for you In the last few months, Banks are offering cash incentives to homeowners who are able to complete a successful short sale. Some banks are offering $3,000, $10,000, $20,000 and even $30,000 (depending on your situation).
You may have an opportunity to walk-away from an underwater mortgage along with all the financial stress it brings, with cash in your pocket, and have an opportunity to purchase an affordable home in approximately 2 years.
One more note, The Mortgage Forgiveness Debt Relief Act and Debt Cancellation of 2007 is in effect until December 31, 2012, and there has been no indication that this program will be extended.. This program has allowed taxpayers to exclude income from the discharge of debt on their principle residence.
These opportunities may not present themselves in the future, so now is the time to take advantage both the bank incentives, (each lender is different) and the Mortgage Debt Forgiveness Act.
Don’t Delay! Act now…
I look forward to speaking with you on how you can take advantage of this great opportunity.
After spending over 2 years of being upside down on his mortgage, unable to make payments on his loan, and after multiple frustrating attempts at loan modification, something very interesting happened. Shortly after calling us, we met and discussed all of his options, including how we might best help him avoid foreclosure and help him get a new start.
We were able to complete a short sale on his home, he was able to avoid a deficiency judgment, and walk away from a property that he was upside down in.
And the best part? The bank wrote him a check at the close of escrow for $33,000:
DeAnna Rehnert Foreclosure Specialist
The Second Largest Settlement in History: How it can save you from foreclosure!
The news has been abuzz in the past fewweeks about the historic Robo-Signing Settlement reached between the government and five major lenders. The settlement raises lots of questions, but for homeowners inHuntington Beach,Fountain Valleywho are in danger of losing their home there is only one:
Can this settlement help me stay in my home?
The answer: Possibly! But regardless of whether you meet the specific eligibility requirements for this settlement, it is important to remember one thing:
YOU HAVE OPTIONS!
As a Certified Distressed Property Expert (CDPE) I am uniquely qualified to help determine your eligibility and answer any questions you may have about the settlement. Call me or email me and set up your free, confidential consultation. Let me help you figure out the best foreclosure alternative option for you.