Get Paid to Sell the Home You Can’t Afford!

When the housing market crashed in 2008, millions of homeowners suddenly found themselves in danger of losing their home to foreclosure. To help these homeowners, in 2009 the U.S. Treasury launched the Making Ingleside Terrace Home Affordable (MHA) program, which is comprised of several subprograms designed to help distressed homeowners avoid foreclosure.

One of the most talked about elements of the MHA program is the Home Affordable Foreclosure Alternatives program, or HAFA. The HAFA program creates options for homeowners who owe more on their mortgage than the property is worth and don’t know what to do. Even better, it allows relocation assistance of $3,000 to be paid to eligible homeowners in this situation.

HAFA also helps the process go more quickly by mandating that banks keep in contact and make decisions in a timely fashion. To learn more, you can download my free report entitled “Struggling to Make Your Mortgage? Uncle Sam May Pay You to Sell Your House!” by going into my website http://noreleendemesa.com.

As a real estate professional with the Certified Distressed Property Expert (CDPE) designation, I offer all of my clients the benefit of the best expertise and insights when it comes to foreclosure avoidance.

It’s time to take another look at short sales

As recently as a few months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale—you’d have gotten some strange looks.

That’s all changed.  And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined.

With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. So they’ve sharpened their focus on short sales. Big time.

The biggest lenders in the country have staffed up to ensure rapid processing of short sale applications. They’ve ponied up with cash incentives at closing for homeowners who pursue a short sale. And they’re proactively reaching out to CDPE agents and putting them in touch with delinquent borrowers.

This is big news and the media has not really caught onto it yet. What’s important for you to know is that whatever you’ve read or heard in the past about long lag times and frustrations with short sales is probably no longer the case.

As a member of the CDPEAdvanced community, I’m tapped into major lenders and on top of major developments affecting short sales and bank-owned properties.  I invite you to visit my website clarinrealty.com to learn more and feel free to contact me any time at 415-816-0048 or info@clarinrealty.com if you or anyone you know is struggling with an unmanageable mortgage."

For Loan Modification Seekers, There are Often Better Options

(San Bruno), (CA) – (August 23, 2012) – For homeowners facing foreclosure, there are a lot of powerful emotions at play. A loan modification, changing the original terms of the loan, can represent an attractive option because it allows the homeowner to stay in their Ingleside Terrace Home.

There are some truths about loan mods, however, that many homeowners don’t know. “According to studies down by the Department of Housing and Urban Development,” says (de Mesa, CDPE, Clarin Realty Inc.), “over half of the people who get a loan modification end up redefaulting within 6 months.” This coupled with the increasing difficulty in obtaining a loan mod means that they are are often not the an ideal solution for everyone.

“In reality, a loan modification works for people in a very specific set of circumstances. They are people who are normally financially stable, but that have found themselves with a temporary problem that is threatening their home,” said de Mesa. Job loss or an unexpected illness are the most common temporary issues that arise. For homeowners who know that their situation will be fixed in the near future, a loan modification makes sense.

For most people in danger of losing their home, however, these circumstances don’t apply. Their financial issues are often larger and beyond the scope of what a bank will consider for a loan modification. For those homeowners, it is important that they are educated on their options.

A Certified Distressed Property Expert (CDPE), Noreleen de Mesa ( http://www.clarinrealty.com/ ) has intimate knowledge about the many foreclosure alternatives that are available. A Certified Distressed Property Expert (CDPE) is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help struggling homeowners regain peace of mind and a sense of stability for the future.

Noreleen de Mesa has developed a free report entitled, “Loan Modification Secrets,” which is accessible from her website, clarinrealtyshortsale.com

The report provides a thorough rundown of all of the ways that a short sale is more beneficial to homeowners than foreclosure.

About

Noreleen C. de Mesa, CDPE, SRES, GRI DRE #01387621 www.clarinrealty.com

For more information about the CDPE Designation, visit www.CDPE.com.

DALY CITY REAL ESTATE - YOU HAVE OPTIONS! DO NOT WALK AWAY!

Mortgage Modification Fraud

Now Is The Time To Move On Short Sales

Now Is The Time To Move On Short Sales

Traditionally there have been Seven Wonders of the World, but perhaps it’s time to add an eighth: lenders have now begun to embrace the idea of pre-foreclosures short sales, which mean big discounts for homebuyers and investors who favor distressed properties.

Here are some of the most recent Investment opportunities in the area.

Foreclosure Homes Account for 26 Percent of all U.S. Residential Sales in in Q1 2012

Sales of Ingleside Terrace Homes that were in some stage of foreclosure or bank owned accounted for 26 percent of all U.S. residential sales during the first quarter. Third parties purchased a total of 233,299 residential

properties in some stage of pre- foreclosure (defaults and scheduled foreclosure auctions) or bank-owned (REO) during the first quarter, an increase of 8 percent from the previous quarter and virtually unchanged from the first quarter of 2011.

Where Have All the REOs Gone?

Bank-owned (REO) inventory has decreased about 40 percent over the past in the past year and a half and continues to decrease despite a recent uptick in foreclosure starts. More than 109,000 U.S. properties started the foreclosure process in May, a 12 percent increase from the previous month and a 16 percent increase from May 2011 — the first annual increase in foreclosure starts since January 2010. Still, REO inventory continued to decline in May,down 5 percent from the previous month and down 31 percent from May 2011. So where have all the REO homes gone? They are hiding beneath one of three probable shells:

Best Lenders and Servicers to Buy Short Sales From

Among the nation’s largest lenders and mortgage servicers, some are better than others when it comes to buying a short sale. There are several ways to measure which lenders are best to buy short sales from: sales volume, average discount and average time to sell. We’ll look at the top performing lenders in each of these categories based on January 2012 foreclosure sales data.

Here are some of the most recent Investment opportunities in the area.

U.S. Foreclosure Activity Shifts Eastward in April

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 188,780 U.S. properties in April, the lowest monthly total since July 2007. April foreclosure activity decreased 5 percent from the previous month and was down
14 percent from April 2011. One in every 698 U.S. housing units had a foreclosure filing during the month. “Rising foreclosure activity in many state and local markets in April was masked at the national level by sizable decreases in hard-hit
foreclosure states like California, Arizona and Nevada,” said Brandon Moore, CEO of RealtyTrac.
Foreclosures For Sale Under $50,000

I recently took a look at how many foreclosure properties —pre- foreclosures, scheduled auctions or REOs — were listed for sale on RealtyTrac for $50,000 or less. I was somewhat surprised to find that more than 8,000 properties nationwide matched this criteria. Even more surprising that not all these properties were located in places like Detroit and Cleveland — although many of them were. I found that there were foreclosure properties listed for sale for
$50,000 in 48 states, and many states had hundreds of such properties available.

For more information visit at clarinrealty.com