Prevent Foreclosure in Brentwood, CA
If You’re Upside Down On Your Contra Costa County Home Or Investment Property And Can No Longer Afford The Payments I’ll Help You Save It Or Avoid Foreclosure Through FREE Gov’t Refinance, Loan Modification And Short Sale Programs.
I have a CASH buyer for your home today! You may qualify for thousands of dollars in relocation assistance that I can help you obtain.
Whether you seek to save your home or investment through a HAMP loan modification or HARP 2.0 Gov’t refinance opportunity or just move on to what’s next and short sell your property to postpone the trustee sale, collect some additional cash and avoid a foreclosure in the process , you’ll find information here that will help you immensely.
This easy-to-understand, step-by-step instruction guide describes how banks operate in the negotiation process and also includes the tools and forms required to short sell your home or investment property.
It’s not a spam trap and I don’t share your information with anyone – ever.
I’ll send you the book and simply ask that you pass it on to others who might appreciate it if you love it like I hope and think you might.
Questions About This Property
Quick Property Search
What’s A Short Sale?
A short sale occurs when the lender agrees to take less than the full amount required to pay off existing loans in full because the outstanding loan balance is greater than the proceeds realized from the sale of the property.
This sounds simple enough and is the definition most agents will give you. The problem is in the details. The terms of the approval are almost always dictated by the lender. Most sellers and many agents assume any approval is a “good approval”, which is often not the case.
If you’re considering a real estate short sale there are things you need to know before speaking to your lender. Consulting with an M.A.R.S. compliant, licensed professional versed in short sales and the foreclosure process is a must.
Why Would My Lender Accept Less Than Is Owed?
Knowing why and how much your lender does not want to foreclose on your home is crucial to the negotiating process. It’s oftentimes much more expensive for the lender to modify your loan than it is to simply foreclose on you and sell it, or accept a short offer and pay all the associated sales costs.
Of course, your lender would prefer that you stay in your home and continue making payments but selling it and getting the “bad asset” off their books is frequently their next favorite choice. Many lenders will negotiate short sale terms quite favorable to you, oftentimes allowing you to walk away for free and with zero delinquency judgments.
A successful no cost short sale with zero deficiency judgments looming in your future can be possible if you work with an expert team to get it done.
Will I Qualify For A Short Sale?
Has Your Home’s Market Value Dropped?
Whether you’re doing a loan modification or short sale, hard comparable sales will be used to substantiate that your property is worth less than the unpaid balance owed the lender. I provide a comprehensive property value report designed to determine your properties 30, 60 and 90-day sales price value – the same info your lender will want.
Is Your Mortgage Currently In Default or Are You Concerned That It Soon Will Be?
It used to be that lenders would not even consider a loan modification or short sale if your payments were current, but not anymore. Realizing that other factors contribute to a potential default, many lenders are eager to head off future problems at the pass.
Many lenders no longer require that you be late on your payments however you must be able to convince them with your hardship letter and financial records that you’re concerned about your ability to continue making payments.
Have You Fallen on Hard Times?
Have you experienced a job loss, cut back in work hours, divorce, death or any other challenge that is hampering your ability to make your monthly payments? You must be able to prove financial hardship. If you’ve answered yes to all of these questions, you’re probably an ideal candidate for a real estate short sale.
Buying a new home is one of the most exciting experiences in life. And if you’re like most homebuyers, you’ll be planning your furniture placement and decor before the ink dries on your offer letter. But before you run to the nearest home goods store, take a deep breath. First, you’ll need to delay any major purchases before you close on your new home. A large outlay or additional line of credit could lower your credit score and, thus, impact your mortgage terms. (1)
Second, moving and closing costs can add up quickly, so it’s important to be strategic with your remaining budget. But don’t worry! There are plenty of ways to save on home essentials, and we’ve rounded up some of our favorites to share with you.
PRIORITIZE WHAT YOU REALLY NEED BEFORE YOU START SHOPPING. According to Home Advisor, the national average cost to furnish a new house is $16,000, but it can easily soar higher.2
That’s why we recommend starting with a thorough assessment of what you already have and what you actually need to start life in your new place. Here are some steps to help you prioritize your purchases and keep spending in check.
Read the full article here:
Not long ago, home sellers were in their heyday, as historically low mortgage rates triggered a real estate buying frenzy. However, the Federal Reserve shut down the party when it began raising interest rates last year. Now, it’s not as simple to sell a home. While pandemic-era homebuyers were racing the clock—trying to lock in a low mortgage rate and gain a foothold in the market—current buyers are more discerning. Higher prices and mortgage rates have pushed their limits of affordability, leading them to prioritize cost, condition, and overall value. The reality is, home inventory remains low, so most properties will still sell with some basic prep, the right price, and a good real estate agent. But owners who go the extra mile are more likely to sell faster and for a higher amount. If you have plans to sell your home and want to net the most money possible, this list is for you. Here are our top seven strategies to attract the best offers and maximize your real estate returns.
Read the full article here:
A growing share of home buyers and sellers sat on the sidelines last year as the pace of home sales continued its downward trajectory. (1) In fact, since the Federal Reserve began its series of interest rate hikes in 2022, the combination of higher borrowing costs and record-high home prices has fostered the steepest real estate market slowdown since the 2008 recession. (2)
Priced out of the market, a generation of would-be buyers has been forced to delay their plans for homeownership. (3)
At the same time, current owners—reluctant to give up their pandemic-era mortgage rates—are waiting to sell, which has resulted in a sharp drop in listings. (4) But there may be some relief in sight: In December, the Fed signaled that it was done raising interest rates—and suggested that it could cut rates by 0.75% over the coming year. While mortgages don’t directly follow the federal funds rate, they typically move in tandem—so cheaper home loans may finally be on the horizon. (5) Lower mortgage rates should bring some much-needed movement back into the real estate sector. But with a market this fluid, the home buyers and sellers with an edge will be those who proactively leverage a real estate agent’s on-the-ground expertise and stay flexible so that they can quickly adapt to changes. What does that mean for you?
Read the full article here:
Real Estate Market Forecast: Opportunities for Home Buyers and Sellers in 2024 - Julie Mayers Real Estate (juliemayersrealty.com)
Each Office Independently Owned and Operated
Equal Housing Opportunity
Julie Mayers Real Estate
Keller Williams Realty Central Oregon
446 NW 3rd Street, Suite 102
Prineville, Or 97754
Phone: (541) 699-2736
Email us!
Like Us