Tag Archive for The Stop Foreclosure Institute of Ventura County

Step 7 To Fix Your Credit After A Moorpark Short Sale: The Waiting Period

boredMoorpark CA – The next step in the process of getting a cleaned up credit report, is the one that takes the least effort, but the most patience: WAITING.

You’ve done your part to get the ball rolling, and now the credit reporting companies have to do their part.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

What happens during this phase is that the credit reporting agencies have 30 days to investigate.

I use the term loosely here because the methodology that they use is not very investigatory. They take the claims and whittle the dispute down to a 2 digit code that gets checked against a reporting database called eOscar for verification.

They are afforded 30 days to do this step, unless the person disputing has gotten their credit report from annualcreditreport.com which allows them to take 45 days to check out your dispute (remember back in an earlier step where this was discussed – this isn’t the site to get your credit from!.)

While you wait, remember that whatever your credit score was before you began this process, you should be doing things now to improve it.

What I mean by this is that while waiting for the history part of your credit report to be cleaned up, you work on the future of the credit report. Take action now to build a better situation.

First, keep your report clean from this moment forward. Don’t tarnish it beginning now. Do not have a single late payment – pay your bills on time.

I know, it’s easier said than done, but it will be important in your future that you did this today. Don’t have any new collection accounts or charge offs.

Don’t, REALLY don’t, get new inquiries on your credit report – this means don’t open any new credit cards, store charge cards. No applying for everything that sounds like a good idea.

Don’t close any open credit cards. Pay off the credit card – yes, but close out the account – no. Keep this length of history long on your report.

And, just wait. The 30 days for the credit bureau investigation will fly by. Once their 30 days is up, they have 5 additional days to provide you with their findings.

If anything in their investigation was not verifiable, that item is required to be removed from your credit report. They will also send you an updated credit report.

So, watch for their letter to you in your mailbox after you complete the WAITING step. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Ventura County loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris B Johnson.

Chris B is a Real Estate Agent at Prudential Califonia Realty.

Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist

View My homes for sale at www.ChrisBJohnsonRealtor.com.

Chris Johnson specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County short sales. Ventura County Short Sale Realtor Ventura County CA Short Sales. Ventura County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris B Johnson, Prudential Califonia Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris B’s personal views and do not reflect the views of Prudential Califonia Realty.

This information on Step 7 To Fix Your Credit After A Ventura County Short Sale: The Waiting Period is provided as a courtesy to our viewers to help them make informed decisions.

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How To Contact Congress About Your Moorpark Short Sale Or Loan Mod Taking Too Long To Be Approved

Choose Moorpark’s Top Listing Realtor with Prudential California Realty. Chris is Moorpark’s Short Sale Certified Distressed Property Expert With a full time staff dedicated to Moorpark Short Sale Negotiations. THE BEST REALTOR SERVING MOORPARK CA http://bit.ly/14WW3B0

Chris B. Johnson Realtor is real estate professional who Specializing in Short Sale and REO Transactions. Chris has been Certified as a California Association of Realtors HAFA Specialist, a National Association of Realtors Short Sale and Foreclosure Resource, Chris B Johnson Realtor is a Certified Distressed Property Expert, Certified Short Sale Negotiator and Certified Pre-Foreclosure Specialist.

Moorpark Short Sale HELP!! – A lot of people think that it is normal to wait 6-8 months for an answer on a short sale or loan modification.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Bank of America, Chase, and several other lenders need to improve their response times. But, they won’t do it without some prodding.

They have the resources available to make the changes. Bank of America, Wells Fargo, JP Morgan Chase, and Citigroup are all currently profitable.

We can get them to improve their process and response times on loan modifications and short sales. It will take a lot of pressure and lobbying. So, help us out here.

Here is the link to get all the fax numbers for congress. Frustrated about your loan mod? Aggravated with your short sale? Send everyone in congress a fax about it. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Ventura County loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris B Johnson.

Chris B is a Real Estate Agent at Prudential Califonia Realty.

Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist

View My homes for sale at www.ChrisBJohnsonRealtor.com.

Chris Johnson specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County short sales. Ventura County Short Sale Realtor Ventura County CA Short Sales. Ventura County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris B Johnson, Prudential Califonia Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris’s personal views and do not reflect the views of Prudential California Realty.

This information on How To Contact Congress About Your Ventura County Short Sale Or Loan Mod Taking Too Long To Be Approved is provided as a courtesy to our viewers to help them make informed decisions.

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Are You Working On A Moorpark Loan Modification? Here Is A Mistake You Need To AVOID!

Your Ventura County Certified Short Sale Specialist. Loan Modification Denied? HARP re-fi denied? Want to avoid foreclosure? THE BEST REALTOR IN VENTURA COUNTY CA,If you’re trying to get a Moorpark Loan Modification, you have think like a banker. How you present your finances is the key to success.

You’ve got to show them an income that’s not too high and not too low. If you show them too low an income, they’re going to say “Oh, this guy can’t afford his house payment.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

If we reduce his payment to $800, he won’t even be able to afford it anyway so what’s the point in reducing it? Before, he thought he could pay $1,200 a month. He can’t even pay the $800 a month that’s he’s asking for today. He’s not making enough money, based on our ratios, to be able to afford it.”

Here’s what happens if your income is too high. Let’s say your payment is only $1,000 a month and you’re making $4,000, $5,000, or $6,000 a month. They will say “What’s up with this? This guy’s making a ton of money. Why are we going to reduce his payment?”

So you’ve got to make sure your income and your budget is in that middle range. Look at your recent income history.

Maybe you can pull the most recent month. If it shows the right numbers use it. Or, pull from a longer period, such as the last three months or the last six months worth of income.

You want to be able to demonstrate that you’re making enough money to afford that payment, but not making so much money that they will charge you more. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Ventura County loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Chris B Johnson.

Chris B is a Real Estate Agent at Prudential Califonia Realty.

Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist

View My homes for sale at www.ChrisBJohnsonRealtor.com.

Chris Johnson specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County short sales. Ventura County Short Sale Realtor Ventura County CA Short Sales. Ventura County Realtor.

Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Chris B Johnson, Prudential Califonia Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Chris B’s personal views and do not reflect the views of Prudential Califonia Realty.

This information on Avoid This Mistake When Negotiating A Ventura County Loan Modification is provided as a courtesy to our viewers to help them make informed decisions.

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This Is How A Moorpark Short Sale Can Help You And Your Neighbors Avoid Negative Side Effects Of A Foreclosure

http://venturacountyshortsalespecialist.comThe Ventura County Short Sale Specialist recently received a question from Isabel. “I am behind on my payments and thinking of just letting my home go into foreclosure. What does that do to the neighborhood?” she asked.

 

Here is our answer to his question. It does hurt the neighborhood. But, it also hurts you.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

 

Most banks do not do a good job and processing and handling foreclosures. They take 12-18 months to foreclosure on a house and then sell it.

 

In the meantime they do little to maintain the home. I estimate that half of all the properties I have seen in foreclosure have never even been checked on by the lender.

 

It has gotten so bad that one homeowner even started up a website to report on these banks. The website is called Lender Offender. Check it out here: www.LenderOffender.com.

 

In my opinion these banks are not being responsible with these properties. The biggest problem is that Uncle Sam usually takes the fall for any loss.

 

Uncle Sam does this by guaranteeing them against loss on many mortgages. Or in other cases, Uncle Sam has already bought the defaulted loan from the bank.

 

The homes eventually sell for a discount after the foreclosure. No home buyer is going to pay market value for a home that needs repairs!

 

This gives the banks little incentive to check on these properties. Fortunately you can help. Stay in your home until it sells. Keep it looking good and everything in good order.

 

Then, put it up for sale as a short sale. That will help protect the property values in your neighborhood. Thinking about a short sale?

 

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.

 

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823.

 

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

 

Thinking about a loan modification? Our Moorpark loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this,

Chris B Johnson, Realtor

Chris is a Real Estate Agent at Prudential California Realty.

 

Phone: 805-208-0823. cjohnson@prucalhomes.com.

 

Certified HAFA Specialist, Certified Short Sale Specialist, Certified Distressed Property Expert

Which way is the Real Estate Market Headed? Get a Market Snapshot of your neighborhood: MLS Market Snapshot Has the Market Stabilized

 

View My homes for sale at www.ChrisBJohnsonRealtor.com.

Get your Free Report for All Your Options HERE: Certified Distressed Property Expert

Always check with a good real estate attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure. You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales. So Please read http://venturacountyshortsalerealtor.com/?p=948.

 

For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Also seehttp://venturacountyshortsalerealtor.com/?p=1066.

 

To Read More: Click here.

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For Sale By Owner And The Myths of Short Sales in Moorpark

Chris is a Moorpark Short Sale Certified Distressed Property Expert With a full time staff dedicated to Moorpark Short Sale Negotiations.

Moorpark Short Sale Help, Certified HAFA Specialist, Certified Distressed Property Expert and Certified Pre-Foreclosure Specialist.

Are you thinking about going it alone, trying to sell your own upside down home?Some

times Moorpark homeowners want to initiate a short sale on their own. These Moorpark homeowners typically encounter the top five Ventura County Short Sale Myths. As a result, it has led to prevalent confusion and widespread misconceptions not only on its details, but the process involved as well. The truth is that short sales are one of the longest real estate transactions, which may easily eat up several weeks to several months on average from the time of contract to closing. At heart, the only part that is short with this process is the price expected in relation to the outstanding debt of the homeowner to the bank. Don’t let the name fool you!

For a majority Moorpark short sale sellers and buyers, this information is common knowledge. However, what they do not hide are the details involved from the contract to the closing of the short sale. There are actually various stages included in the short sale process that may bring create more misconceptions and confusion if the assistance of a competent short sale agent is missing. Let’s take a look at the top five short sale myths.

MYTH 1: Getting a short sale approval is typical, normal, or standard.

Homeowners believe that because of government streamlining, the set of standards grant banks the ability to follow a specific process for short sale initiatives. What is conceived by Moorpark buyers and sellers in this process is that offers are submitted, signed and turned over to the listing agent who handles all documentation to the bank. After a few months, or in rare occasions a few weeks, approval is received.

FACT: There is nothing usual, normal, or standard when it comes to a short sale.

Typically, a bank is in an authoritative position and may respond to offers of the homeowner in the manner they desire. There is an apparent possibility that they may counter with a higher offer or demand some form of cash payment from sellers. Also, there is a chance that none of these will come to pass. An asking price that is inferior to the standard may be approved unexpectedly or insist an above board pricing. This means that there is no standard with short sale initiatives. This also highlights the need to have the services of short sale specialists.

MYTH 2: Homeowners will have more of an advantage by walking away rather than short sell initiatives.

Generally, homeowners get advice from inexperienced real estate companies or incompetent real estate companies to simply walk away rather than submitting to the tedious process of a short sale initiative. Seemingly, this will provide them more advantages not only financially, but also in terms of credit scores.

FACT: For most homeowners who are dealing with upside down properties, walking away and allowing foreclosure proceedings is tantamount to an extremely serious decision.

The foundation of the decision can dramatically vary depending on the owner and the state where the home is located. In some states homeowners may be sued by lenders when the mortgage comes into default. State taxes may also be imposed on the debt that has been cancelled because of foreclosure, which could potentially be tens of thousands of dollars.

The trick to handling one of the five Moorpark short sale myths is to have the backing of real estate companies which can help homeowners get in touch with experienced local real estate agents. This will profit financially challenged homeowners due to the fact that it will cause them to be less hindered by short sale initiatives as opposed to foreclosure. This type of support will also help aggrieved homeowners repair their credit faster including the functionality of getting another mortgage in a shorter time. A short sale also costs the seller nearly nothing besides the investment in time and effort, which makes it the wiser decision as opposed to simply just turning away.

MYTH 3: Banks have limitations on what they are capable of doing

The majority of homeowners who are missing the benefit of having short sale specialists believe that banks are bound by government requirements and regulations in dealing with short sale initiatives. Adding to this, they feel that the operating standards add to the imposition of the limitations which can be detrimental to their condition.

FACT: As one of the common five short sale myths, it contributes to the negativism and limited options of homeowners. The fact is that a short sale initiative is slightly a proposal to waive a debt that is legally owed by financially challenged homeowners.

The Best Short Sale Agent in Ventura County, CA, The Best Short Sale Realtor in Ventura County, CA, The Best Certified Short Sale Specialist in Ventura County , CAThis means that since the bank is the legal lender, it has the power to say what can be done including outright refusal of the request for debt forgiveness. This also means that if they have the right to refuse, then they also have the right to impose whatever conditions they went on the initiative.

Experienced short sale specialists know that it is entirely possible for the bank to demand more money from the seller or even so the buyer. In the same aspect, they can ask real estate agents to lower their commissions and even refuse payments on closing cost. The buyer and the seller may also decline or accept any or all of the demands of the bank, but, it is critical to bear in mind that the bank has absolute power over the rules of the game.

MYTH 4: The broker and offer of the buyer affects the approval of the short sale.

Homeowners believe that since banks and investors are more anxious about profits more the anything else, having a buyer with a broker that has a background in short sales and provides a more than adequate pricing offer that will cause the short sale initiative to be approved at once.

FACT: In spite of the truth that banks and investors look at profits, much value is given to writing a clean and well-qualified offer.

This is a big deal when making sure that the seller and the buyer hold onto the initiative until the contract is signed. It is valuable to note that the offer and the agent of the buyer have very little influence on how the bank will approve the initiative from the bank based on their needs to close the short sale. This is the cause as for why this is classified as one of the five short sale myths.

Even though there is no denying that the pricing offer has significant weight, it isn’t that crucial when coming to short sale initiatives where the following factors have substantial bearing:

.Fair market value of the property based on third-party broker’s opinion or automated computer model

.Financial condition of the seller or potential future challenges

Completion of the workout short sale package of the seller along with the constant follow-up is performed by the local real estate agent to close the transaction.

MYTH 5: Short Sales are similar to pre-foreclosure

With the varying standards implemented by banks, especially with enforcing time limits for the short sale before initiating a full foreclosure, many homeowners are convinced that a short sale initiative is like going through a pre-foreclosure proceeding.

FACT: Essentially, in a short sale, homes are being sold for lesser than their value in order to settle outstanding obligations to their lender.

This is one of the five short sale myths that need further clarification. Pre-foreclosure on the other hand involves homes that are being prepared for foreclosure because of mortgage payment delays. The fact is that some short sale initiatives are pre-foreclosures simply due to homeowners deciding to stop mortgage payments once the property is placed on the market. Generally, this happens because they have the faulty notion that the bank will approve the short sale quicker once the loan comes into default. This kind of decision making process focuses on the need for the service of a short sale specialist who can help homeowners make educated decisions.

Moorpark Certified Short Sale Specialist, Moorpark Short Sale Help, Certified Short Sale Negotiator, Stop Foreclosure Moorpark CAThe five short sale myths constitute the basic foundation of how homeowners react to various short sale conditions as well as why they opt to walk away or foreclosure. By understanding the five short sale myths and getting the services of short sale specialist, homeowners will be capable of maximizing the advantages of their current condition. When coming to your financial future and deciding on someone to assist you in the short sale process, experience is everything. Don’t settle for less.

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Thanks for reading this,
Chris B Johnson, Realtor

Chris is a Real Estate Agent at Prudential California Realty.

Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist, Certified Distressed Property Expert


Which way is the Real Estate Market Headed? Get a Market Snapshot of your neighborhood:
MLS Market Snapshot Has the Market Stabilized

View My homes for sale at www.ChrisBJohnsonRealtor.com.
Get your Free Report for All Your Options HERE: Certified Distressed Property Expert,

Chris B Johnson provides HAFA Loan Modification and short sales help, Short Sales in Moorpark, Short Sales in Thousand Oaks, Short Sales in Westlake Village, Short Sales in Newbury Park, Short Sales in Camarillo, Short Sales in Santa Rosa Valley, Short Sales in Somis, Short Sales in Lake Sherwood, and Short Sales in Simi Valley California. Moorpark Loan Modification Help, Thousand Oaks Loan Modification Help, Westlake Village Loan Modification Help , Newbury Park Loan Modification Help, Camarillo Loan Modification Help, Santa Rosa Valley Loan Modification Help, Somis Loan Modification Help, Lake Sherwood Loan Modification Help, and Simi Valley Loan Modification Help, Moorpark short sales , Thousand Oaks short sales, Westlake Village short sales, Newbury Park short sales , Camarillo short sales, Santa Rosa Valley short sales, Somis short sales, Lake Sherwood short sales, and Simi Valley short sales. Moorpark Short Sale Specialist , Realtor, Moorpark Short Sale Specialist , Realtor, Short Sale Specialist , Realtor, Ventura County CA Short Sales. Stop Foreclosure in Ventura County, Certified HAFA Specialist, Moorpark Short Sale Specialist, Thousand Oaks Short Sale Specialist, Westlake Village Short Sale Specialist , Newbury Park Short Sale Specialist, Camarillo Short Sale Specialist , Simi Valley Short Sale Specialist, Moorpark CA Short Sales, Thousand Oaks CA Short Sales, Westlake Village CA Short Sales, Newbury Park CA Short Sales, Camarillo CA Short Sales, Simi Valley CA Short Sales, Ventura County Foreclosure Help, Moorpark Foreclosure Help, Certified Home Affordable Foreclosure Alternative Specialist, HAFA, HAMP. CA. DRE 10501699.You can find Ventura County Short Sale Specialist, Realtor, at 587 W. Los Angeles Avenue, Moorpark, CA. 93021Chris also specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County Short Sales.
Ventura County Short Sale Specialist, Realtor, Short Sale Specialist, Realtor, Ventura County CA Short Sales. Ventura County Specialist, Realtor, www.theshortsaleguide.com ,
Certified Home Affordable Foreclosure Alternative Specialist . Always check with a good real estate attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure. You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales. So Please read http://venturacountyshortsalerealtor.com/?p=948.

For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Also seehttp://venturacountyshortsalerealtor.com/?p=1066.

To Read More: Click here.
Loan Mod vs Short Sale Click here.

Income Property Info Click here.

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Considering a Moorpark Short Sale? Here are Steps to Complete the Short Sale Process.

Moorpark Short Sale Help, Certified HAFA Specialist, Certified Distressed Property Expert and Certified Pre-Foreclosure Specialist.The Moorpark Short Sale; To both buyers and sellers, the steps to a short sale may appear blurry and complicated. Buyers may be frustrated with the long short sale approval process, while sellers may realize that their lack of knowledge surrounding real estate short sales can be stressful and concerning as they contemplate the financial and legal consequences of the process.

While the short sale process in Ventura County and Moorpark may be tricky and full of possible complications, for a realtor who has experience and is familiar with the short sale process, it will be fairly a routine. An experienced short sale agent is able to assist you through a successful short sale and lend advice, guidance and support along the way.

Real Estate Short Sale Process – Step By Step

Below are some of the steps you will walk through with your short sale specialist so that you can ensure a successful short sale and a fresh start for you and your family.

While the specifics and documentation required may differ a bit from lender-to-lender or state-to-state, the general short sale process will be the same.

1. Find a Qualified Real Estate Short Sale Specialist

In the current market, there are many listing agents who – while they may be fantastic realtors – simply do not obtain the experience to successfully initiate a short sale. There are many bumps and hairpin turns on the road to a successful short sale, and many things can go wrong in the process. You’ll want a knowledgeable short sale realtor who can help you navigate this difficult road.

Be sure that when you’re looking for a short sale Realtor, you analyze their previous track record and experience with short sales. You’ll want an experienced short sale realtor that has successfully assisted many homeowners through the short sale process, and who can achieve the same results for you.

2. Prepare a Short Sale Hardship Letter

In order to get your lender to release their lien on your home and permit a short sale, you must create a hardship letter giving reasons as to why you need a short sale. The more sympathetic and challenging your situation is, the better your hardship letter will sound. Banks are also much more favorable towards Moorpark homeowners who are in a financial bind because of external or personal situations such as loss of employment, medical emergencies or illness, divorce, death, bankruptcy. Your short sale specialist may help you with the specific content on your short sale hardship letter.

3. Prepare a Short Sale Package

Your Ventura County Certified Short Sale Specialist. Loan Modification Denied? HARP re-fi denied? Want to avoid foreclosure?There are three essential necessities that must be met for a bank or mortgage lender to permit a short sale: the seller must display hardship, the seller must also provide evidence that the fair market value of their Moorpark home is inferior to that of the mortgage, and the seller must show that they are incapable of meeting their debt obligations. In order to prove the latter, the homeowner will need to organize a short sale package for submission to their lender.

Each lender may have different submission requirements, but they are typically seeking proof that the homeowner is unable to honor their debt. It is critical to seek the help of an experienced short sale realtor in preparing your short sale package, but the basic contents of your short sale package will likely consist of the following:

• Your hardship letter for short sale

• Authorization letter – this document permits your lender to disclose information to and work with your short sale specialist, lawyers, or other 3rd parties involved in helping you with your short sale. Your letter of authorization will involve your loan reference number, your full name, the date, your agent/lawyer’s name as well as contact information.

• Completed financial statement

• 2 years of your annual tax return

• 2 years of your W-2s

• Your recent payroll stubs

• Recent bank statements

• List of recent comparable sales or comparative market analysis – In order to give proof that your home will not sell for a sufficient amount to cover your mortgage, you will need to substantiate this fact with a comparative market analysis. Your real estate agent will prep this for you.

4. Put Your Home on the Market

Moorpark Certified Short Sale Specialist, Moorpark Short Sale Help, Certified Short Sale Negotiator, Stop Foreclosure Moorpark CA,  You’ll sign a listing agreement with your short sale agent, though it will be subject to short sale approval from your lender. Your realtor will then put your home on the market and solicit buyer offers as they would with a regular listing.

5. Accept an Offer

You’ll accept an offer that is close to or at fair market value. The lender will not approve a short sale if the offer is greatly inferior to the market value.

6. Submit Buyer’s Preapproval Letter, Earnest Money Deposit, and Seller’s Short Sale Package to Lender for Short Sale Approval

Once you have accept the proposal, your short sale realtor will submit the buyer’s preapproval letter, their earnest money check, as well as the short sale package you and your realtor have prepared to the lender. At this stage, most lenders have an internal process for managing short sale approvals, and a loss mitigator will be assigned to your file. It may take anywhere from a few weeks to many months for your short sale to be approved or rejected.

This is another aspect of the process where it’s critical to acquire a short sale specialist that will work for you. An experienced short sale realtor who has experience in short sale negotiations is far more likely to get your short sale approved and obtain forgiveness for the deficiency. A knowledgeable short sale negotiator is also more likely to obtain short sale approval more quickly by consistently following up with your lender and pushing the process forward.

7. Receive Short Sale Approval

If your short sale is approved, the bank will send a short sale approval letter. By this point, you may have been waiting a few weeks, or perhaps even up to half a year for short sale approval. The length of the short sale approval process will depend primarily on the lender, though in some cases your short sale negotiator may delay or speed up the process.

8. Deal closes & Lender Releases Lien

The buyer will deliver the funds, the seller will deliver the deed, and the lender will release their lien on the property. Depending on the short sale agreement negotiated by your short sale negotiator/short sale realtor, you may now be free of your debt responsibility. Alternatively, it is possible that you didn’t qualify for debt forgiveness and you will still be held accountable for the deficiency between the proceeds of sale and your initial debt.

Your Ventura County Certified Short Sale Specialist. Loan Modification Denied? HARP re-fi denied? Want to avoid foreclosure?While it is not always possible to obtain forgiveness of the deficiency in every short sale, this is yet another reason why you’ll want to work with a short sale specialist as opposed to just any listing agent. A realtor with experience in short sale negotiations ensures that you have the best chance possible of obtaining full forgiveness of your debt. Experienced short sale Realtors in Moorpark have plenty of knowledge working with loss mitigations in negotiating forgiveness of short sale deficiencies and can do the same for you. With the right expert and handling, your short sale might just be your solution to a fresh start, so be sure it’s in the right hands.

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Thanks for reading this,
Chris B Johnson, Realtor

Chris is a Real Estate Agent at Prudential California Realty.

Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist, Certified Distressed Property Expert


Which way is the Real Estate Market Headed? Get a Market Snapshot of your neighborhood:
MLS Market Snapshot Has the Market Stabilized

View My homes for sale at www.ChrisBJohnsonRealtor.com.
Get your Free Report for All Your Options HERE: Certified Distressed Property Expert,

Chris B Johnson provides HAFA Loan Modification and short sales help, Short Sales in Moorpark, Short Sales in Thousand Oaks, Short Sales in Westlake Village, Short Sales in Newbury Park, Short Sales in Camarillo, Short Sales in Santa Rosa Valley, Short Sales in Somis, Short Sales in Lake Sherwood, and Short Sales in Simi Valley California. Moorpark Loan Modification Help, Thousand Oaks Loan Modification Help, Westlake Village Loan Modification Help , Newbury Park Loan Modification Help, Camarillo Loan Modification Help, Santa Rosa Valley Loan Modification Help, Somis Loan Modification Help, Lake Sherwood Loan Modification Help, and Simi Valley Loan Modification Help, Moorpark short sales , Thousand Oaks short sales, Westlake Village short sales, Newbury Park short sales , Camarillo short sales, Santa Rosa Valley short sales, Somis short sales, Lake Sherwood short sales, and Simi Valley short sales. Moorpark Short Sale Specialist , Realtor, Moorpark Short Sale Specialist , Realtor, Short Sale Specialist , Realtor, Ventura County CA Short Sales. Stop Foreclosure in Ventura County, Certified HAFA Specialist, Moorpark Short Sale Specialist, Thousand Oaks Short Sale Specialist, Westlake Village Short Sale Specialist , Newbury Park Short Sale Specialist, Camarillo Short Sale Specialist , Simi Valley Short Sale Specialist, Moorpark CA Short Sales, Thousand Oaks CA Short Sales, Westlake Village CA Short Sales, Newbury Park CA Short Sales, Camarillo CA Short Sales, Simi Valley CA Short Sales, Ventura County Foreclosure Help, Moorpark Foreclosure Help, Certified Home Affordable Foreclosure Alternative Specialist, HAFA, HAMP. CA. DRE 10501699.You can find Ventura County Short Sale Specialist, Realtor, at 587 W. Los Angeles Avenue, Moorpark, CA. 93021Chris also specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County Short Sales.
Ventura County Short Sale Specialist, Realtor, Short Sale Specialist, Realtor, Ventura County CA Short Sales. Ventura County Specialist, Realtor, www.theshortsaleguide.com ,
Certified Home Affordable Foreclosure Alternative Specialist . Always check with a good real estate attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure. You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales. So Please read http://venturacountyshortsalerealtor.com/?p=948.

For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Also seehttp://venturacountyshortsalerealtor.com/?p=1066.

To Read More: Click here.
Loan Mod vs Short Sale Click here.

Income Property Info Click here.

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Can I Use the HAFA Short Sale Program in Moorpark?

Moorpark Short Sale Realtor, The Best Short Sale Agent in Ventura County, CA, The Best Short Sale Realtor in Ventura County, CA, The Best Certified Short Sale Specialist in Ventura County , CAIn times of real estate crisis, there are various homeowners who are having a difficult time coping with their mortgage payments; plus, they face the chance of foreclosure being a possibility. In addition, behind these expected foreclosure cases, there are many stories running beneath them.

It is not a shock to hear depressing financial stories of hardship due to one being laid off and thus, lost his source of income. There are stories that speak of financial difficulty of homeowners because of increased mortgage payments. Or stories in SITEAREA wherein a household is simply having difficulty balancing their financial sheet because of unexpected increase in expenses for various reasons. All of these stories are possible reasons that prompt most homeowners to file for a foreclosure on their properties.

Usually, the answer for this financial problem is to choose for a short sale instead. This alternative is generally the answer homeowners resort to so that they resolve their financial problem and recuperate from the hardship in SITEAREA they are currently experiencing. In times like these of economic slump, short selling your home is as challenging as the current issue homeowners are experiencing.

The good news however, is that the government has sponsored a program called Home Affordable Foreclosure Alternatives (HAFA). So, what is the HAFA short sale program then?

Below is information about HAFA and how this may fix your foreclosure problem and instead get a short sale.

HAFA

HAFA is a short sale program initiated by President Obama as part of his Making Home Affordable Program or HAMP. Essentially, it assists sellers getting a short sale in a matter of days.

This program will be put into action from April 5, 2010 to December 31, 2012. The HAFA program has its goal and a promise of a short sale approval within 10 days. In addition, it promises the seller of up to $ 3,000 cash upon closing of the deal for relocation and other incentives.

Who Are Eligible for HAFA Program?

Ventura County Short Sale Realtor, The Best Short Sale Agent in Ventura County, CA, The Best Short Sale Realtor in Ventura County, CA, The Best Certified Short Sale Specialist in Ventura County , CAAs there are many stories that run in the undercurrent of every looming foreclosure, what HAFA desires to address is the delivery of short sales within days for those that can meet the criteria to apply for this program.

It must be taken note that there are only five criteria in order to be qualified for the HAFA program, yet all criteria must be met so that an interested homeowner may apply for this foreclosure option program instituted by President Obama.

Criteria for HAFA eligibility:

o The program is appropriate only to personal residences

o Since there is a mortgage involved here, the amount of mortgage should not exceed $ 729,750

o The homeowner should be experiencing financial crisis such as loss of a job that translates to loss of source of income to pay for the mortgages. The borrower can be fit for one by experiencing a steady increase in mortgage payments, by which he cannot cope with it. And finally, the homeowner should be experiencing an unexpected increase in expenses such as emergency medical needs and similar urgent expenses.

o The mortgage should also have originated before January 1, 2009

o The principal, interest, taxes, and insurance (PITI) mortgage payment, including those of Homeowners Association (HOA), should be more than 31% of the borrower’s gross monthly income

A homeowner should keep in mind that in order to apply for the HAFA short sale program, these criteria must be met. A ‘NO’ response to any one of these criteria can mean ineligibility in the HAFA short sale program.

Can’t Get Pass through HAFA? The Strategy

What if a homeowner failed to pass the criteria set by HAFA thus rejected on short sale program?

The homeowner can take the first option of seeking in SITEAREA the help of a professional short sale agent. Short sale agents are usually knowledgeable about the intricacies of government-sponsored programs like the HAFA short sale program. They can help the distressed homeowner maneuver a way to get included in the alternative short sale as offered by the US government.

HAFA’s Short Sale Agreement (SSA)

The Short Sale Agreement or SSA of HAFA requires the homeowner to find a buyer to complete the transaction not less than 120 calendar days starting from the date the SSA is mailed to the homeowner. The homeowner however, has the in SITEAREA option to extend this deadline for another 245 days. This will then give the homeowner a total of 12 months to find a buyer for his home and complete the transaction for the short sale.

It is also contracted in the SSA that the transaction must be at ‘arms-length.’ Moreover, the end buyer must also agree that he would hold on to the house for at least 90 days after the transaction has been completed. The SSA also provides the listing real estate agent an undiscounted 6% commission.

Moorpark Short Sale Help, Certified HAFA Specialist, Certified Distressed Property Expert and Certified Pre-Foreclosure Specialist.What the HAFA short sale program essentially emphasizes is the need of those who are experiencing financial trouble, which may then lead to unpaid amortizations and an ugly looming foreclosure. This program is designed for homeowners who believe that it is a wiser decision to simply walk away and turn to short sale than end up with nothing when a foreclosure is bound to in SITEAREA happen. This is also an ideal alternative program for those who want a quick short sale for foreclosed houses. There may be some complexities involved in this program, but for those who are in financial trouble; this is certainly a good deal that should be taken with serious consideration.

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Thanks for reading this,
Chris B Johnson, Realtor

Chris is a Real Estate Agent at Prudential California Realty.

Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist, Certified Distressed Property Expert


Which way is the Real Estate Market Headed? Get a Market Snapshot of your neighborhood:
MLS Market Snapshot Has the Market Stabilized

View My homes for sale at www.ChrisBJohnsonRealtor.com.
Get your Free Report for All Your Options HERE: Certified Distressed Property Expert,

Chris B Johnson provides HAFA Loan Modification and short sales help, Short Sales in Moorpark, Short Sales in Thousand Oaks, Short Sales in Westlake Village, Short Sales in Newbury Park, Short Sales in Camarillo, Short Sales in Santa Rosa Valley, Short Sales in Somis, Short Sales in Lake Sherwood, and Short Sales in Simi Valley California. Moorpark Loan Modification Help, Thousand Oaks Loan Modification Help, Westlake Village Loan Modification Help , Newbury Park Loan Modification Help, Camarillo Loan Modification Help, Santa Rosa Valley Loan Modification Help, Somis Loan Modification Help, Lake Sherwood Loan Modification Help, and Simi Valley Loan Modification Help, Moorpark short sales , Thousand Oaks short sales, Westlake Village short sales, Newbury Park short sales , Camarillo short sales, Santa Rosa Valley short sales, Somis short sales, Lake Sherwood short sales, and Simi Valley short sales. Moorpark Short Sale Specialist , Realtor, Moorpark Short Sale Specialist , Realtor, Short Sale Specialist , Realtor, Ventura County CA Short Sales. Stop Foreclosure in Ventura County, Certified HAFA Specialist, Moorpark Short Sale Specialist, Thousand Oaks Short Sale Specialist, Westlake Village Short Sale Specialist , Newbury Park Short Sale Specialist, Camarillo Short Sale Specialist , Simi Valley Short Sale Specialist, Moorpark CA Short Sales, Thousand Oaks CA Short Sales, Westlake Village CA Short Sales, Newbury Park CA Short Sales, Camarillo CA Short Sales, Simi Valley CA Short Sales, Ventura County Foreclosure Help, Moorpark Foreclosure Help, Certified Home Affordable Foreclosure Alternative Specialist, HAFA, HAMP. CA. DRE 10501699.You can find Ventura County Short Sale Specialist, Realtor, at 587 W. Los Angeles Avenue, Moorpark, CA. 93021Chris also specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County Short Sales.
Ventura County Short Sale Specialist, Realtor, Short Sale Specialist, Realtor, Ventura County CA Short Sales. Ventura County Specialist, Realtor, www.theshortsaleguide.com ,
Certified Home Affordable Foreclosure Alternative Specialist . Always check with a good real estate attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure. You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales. So Please read http://venturacountyshortsalerealtor.com/?p=948.

For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Also seehttp://venturacountyshortsalerealtor.com/?p=1066.

To Read More: Click here.
Loan Mod vs Short Sale Click here.

Income Property Info Click here.

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Are Loan Modifications Really Working in Moorpark?

Moorpark Short Sale Realtor, Moorpark Certified Short Sale Specialist, Moorpark Short Sale Help, Certified Short Sale Negotiator, Stop Foreclosure Moorpark CA,  Homeowners who are having trouble making their mortgage payments and are facing potential foreclosure are often advised to contact their lender and try to get a loan modification. While the thought of a loan modification seems to be sound on its surface, there are various reasons why getting a loan modification may not only be challenging, but could be a strategic error that costs the homeowner more money and stress in the long run.

Thinking about a loan modification? Our Ventura County loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

What Is A Loan Modification?

A loan modification – also known as mortgage modification – includes a modification of the original terms of the mortgage agreement between the lender and the borrower. Generally, these modifications are a result of the borrower’s inability to remain up to date with their mortgage payments. The objective of the loan modification is to help the homeowner in fulfilling their debt obligation, despite that they’re facing financial trouble. Aspects of the mortgage that may be modified under a loan modification agreement may include:

• Reducing the principal

• A reduction of the interest rate

• Changing the interest rate from floating to a fixed rate

• Capping monthly payment as a % of household income

• Lengthening the amortization period

• Postponing monthly payments

• Reducing late fees or other penalties

Difficulties In Obtaining Loan Modification

While the idea of a loan modification may seem attractive to some, the reality is that it is very challenging to get a lender to agree to a loan modification. Many homeowners who attempt to obtain loan modifications find that lenders are not at all willing to negotiate a home loan modification. In theory, it appears to be that a lender has seemed interested in offering loan modification programs to borrowers. Eventually, if the lender is forced to foreclose, they will be deprived of a significant amount of money. However, the issue is that in the United States, the lender of most home mortgages is not the actual owner of the loan, but simply the servicer. They are responsible for collecting payments, dealing with the customer and managing the paperwork of a mortgage – services for which they charge a fee. The actual owner of your loan is probably thousands of investors who each have a small piece of a mortgage pool.

Chris is a Moorpark Short Sale Certified Distressed Property Expert With a full time staff dedicated to Moorpark Short Sale Negotiations.For the mortgage company that manages your loan, their incentives lie with the lucrative fees and charges they receive while managing your loan. Delinquent homeowners allow the mortgage company to profit, as they charge fees for various legal and administrative services associated with foreclosure and collecting from delinquent borrowers. Your lender may actually profit more from your delinquency than they would by accommodating your loan modification.

Loan Modification Scams

With the challenges homeowners have in obtaining loan modifications from their lending institutions, a variety of loan modification scams have reared their ugly head. These fraudulent loan modification companies will charge a fee, claiming to have inside connections with your lending institution that will get your loan modification approved quickly. Other Ventura County loan modification fraud rings will pretend to be affiliated with or otherwise approved by an official government loan modification program. These fraudulent loan modification companies also take advantage of desperate homeowners by charging large fees up front, disguised as fees mandatory for government mortgage modification programs.

There are a wide variety of other loan modification scams, but enough is displayed to say that most 3rd parties offering to assist with loan modification for an exorbitant up-front fee are scams.

Are Home Loan Modifications A Long Term Solution?

Loan modifications are highly sought after, despite the difficulties many homeowners have in obtaining one. Loan modifications offer a teasing hope to a desperate homeowner – they hope that they just might be able to keep the house they love, the house they’ve built their life around.

Sadly, even with all the difficulties affiliated with obtaining a loan modification left aside, the loan modification itself is not the long term solution it promises to be. In most cases, a loan modification cannot address the root of the homeowner’s delinquency. If the reason the homeowner is failing to maintain his mortgage payments has to do with reduced income or a significant drop in property values, then merely modifying the interest rate or principal of the mortgage payment is simply throwing good money after bad – as the distressed homeowner often ends up facing foreclosure again in the near future. An appropriate substitute to a foreclosure needs to offer the distressed homeowner a fresh start, without the negative financial and psychological consequences associated with the foreclosure process.

Unlike loan modifications, a short sale offers the homeowner a chance to relieve themselves of their financial burden. For a Moorpark homeowner struggling to make payments on a mortgage worth significantly more than the value of their house, this can be not only a psychological relief, but it offers the homeowner an opportunity to begin anew. Additionally, a short sale can allow a borrower the opportunity to salvage what remains of their credit, grant the homeowner permission to purchase a home again in as little as two years, and also allows the homeowner to avoid the public humiliation of a foreclosure eviction and auction.

Moorpark Short Sale RealtorWhile a homeowner will look at loan modifications as a way to save the home they love, it’s important for the homeowner to view their situation objectively and ask themselves the tough questions. Assuming they could even get the lender to agree to a loan modification, would that make them capable of making their mortgage payments in the short term as well as the long term? Is it financially viable for them to make the mortgage payments on a home worth a fraction of the value of the mortgage? Is there a legitimate, tangible reason to believe that their income will increase significantly in the near future, allowing them to return to financial stability?

If the homeowner can honestly answer yes to all 3 of these questions, then perhaps a loan modification may be the right solution. Unfortunately for most homeowners, the objective answer to these questions is “no”. For these homeowners, it’s wise to start looking at alternatives to foreclosure that may involve selling their home. As difficult as it may be, it’s important for the homeowner not to look at it as a loss, but rather as a chance for a fresh start. At the end of the day, a house is only a house, worth what you can sell it for – but peace of mind is absolutely priceless.

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Thanks for reading this,
Chris B Johnson, Realtor

Chris is a Real Estate Agent at Prudential California Realty.

Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist, Certified Distressed Property Expert


Which way is the Real Estate Market Headed? Get a Market Snapshot of your neighborhood:
MLS Market Snapshot Has the Market Stabilized

View My homes for sale at www.ChrisBJohnsonRealtor.com.
Get your Free Report for All Your Options HERE: Certified Distressed Property Expert,

Chris B Johnson provides HAFA Loan Modification and short sales help, Short Sales in Moorpark, Short Sales in Thousand Oaks, Short Sales in Westlake Village, Short Sales in Newbury Park, Short Sales in Camarillo, Short Sales in Santa Rosa Valley, Short Sales in Somis, Short Sales in Lake Sherwood, and Short Sales in Simi Valley California. Moorpark Loan Modification Help, Thousand Oaks Loan Modification Help, Westlake Village Loan Modification Help , Newbury Park Loan Modification Help, Camarillo Loan Modification Help, Santa Rosa Valley Loan Modification Help, Somis Loan Modification Help, Lake Sherwood Loan Modification Help, and Simi Valley Loan Modification Help, Moorpark short sales , Thousand Oaks short sales, Westlake Village short sales, Newbury Park short sales , Camarillo short sales, Santa Rosa Valley short sales, Somis short sales, Lake Sherwood short sales, and Simi Valley short sales. Moorpark Short Sale Specialist , Realtor, Moorpark Short Sale Specialist , Realtor, Short Sale Specialist , Realtor, Ventura County CA Short Sales. Stop Foreclosure in Ventura County, Certified HAFA Specialist, Moorpark Short Sale Specialist, Thousand Oaks Short Sale Specialist, Westlake Village Short Sale Specialist , Newbury Park Short Sale Specialist, Camarillo Short Sale Specialist , Simi Valley Short Sale Specialist, Moorpark CA Short Sales, Thousand Oaks CA Short Sales, Westlake Village CA Short Sales, Newbury Park CA Short Sales, Camarillo CA Short Sales, Simi Valley CA Short Sales, Ventura County Foreclosure Help, Moorpark Foreclosure Help, Certified Home Affordable Foreclosure Alternative Specialist, HAFA, HAMP. CA. DRE 10501699.You can find Ventura County Short Sale Specialist, Realtor, at 587 W. Los Angeles Avenue, Moorpark, CA. 93021Chris also specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County Short Sales.
Ventura County Short Sale Specialist, Realtor, Short Sale Specialist, Realtor, Ventura County CA Short Sales. Ventura County Specialist, Realtor, www.theshortsaleguide.com ,
Certified Home Affordable Foreclosure Alternative Specialist . Always check with a good real estate attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure. You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales. So Please read http://venturacountyshortsalerealtor.com/?p=948.

For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Also seehttp://venturacountyshortsalerealtor.com/?p=1066.

To Read More: Click here.
Loan Mod vs Short Sale Click here.

Income Property Info Click here.

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Is A Moorpark Short Sale Possible Without Missing Payments?

The Best Short Sale Agent in Moorpark, CA, The Best Moorpark Short Sale HELP, The Best Certified Short Sale Specialist in Moorpark, CAIs there a chance for a Moorpark homeowner with a flawless mortgage payment history to get an approval for a short sale? All of us know that short sale, an alternative to foreclosure, is a practicable opinion among defaulting homeowners. But for the ones who have kept their home loan payments, is there a way for them to give up their loan without having to go on default?

Typically, the answer to this question is yes! Mortgage lenders have a desire to work with borrowers whose payment records are amazing and are attempting to apply for a short sale. In recent years, an increasing number of Ventura County borrowers who are up to date on their mortgage payments have applied for a short sale on their homes. The majority of these cases are even approved by lenders right away.

There are multiple accounts as of why borrowers with no late payments would be for a short sale. There are homeowners who believe that residential property is underwater while some feel that the appraised value of their homes has greatly decreased a few years after its purchase. There are responsible Moorpark homeowners who believe that they should be given the chance to short sale on their property as it is the best financial decision to make. Borrowers who are on track with their mortgage payments may have the means to pay for their mortgage today, but see potential issues that may affect their ability to pay on time in the future. This is what the real-estate market calls as imminent default.

The reasons mentioned above may not be enough for lenders to approve a short sale for good paying homeowners. The cause for requesting a short sale should be important and valid for mortgage companies to even consider you for loan modification alternatives.

Listed below are solid reasons from good paying homeowners who were approved a short sale:

. Job loss or decreased income

Many homeowners are experiencing financial challenges because of hard economic times. Reduced working hours, reduction in income, or getting laid off from work are common reasons why good paying borrowers are requesting for a short sale proceeding to ensure. Instead of anticipating for these unlucky conditions to happen, homeowners who anticipate considerable losses will most likely talk about the short sale process to their respective lenders.’

. Job Relocation

Chris is a Moorpark Short Sale Certified Distressed Property Expert With a full time staff dedicated to Moorpark Short Sale Negotiations.Homeowners who need to walk away from their homes due to job relocation are provided a chance to short sale their primary residence. Since keeping two homes in two different locations almost and always leads to distress, lenders will most likely agree to a short sale instead.

.Divorce

Divorce always ends to one of the former spouses to move out of the home. A single parent who needs to solely manage the finances and pay for children needs will eventually face financial difficulties in the long run. As an alternative to hardship, a homeowner may choose to short sale on the property to avoid late charges and delinquency fees.

. Loss of job

There are unemployed homeowners who are still capable of making on time mortgage payments. However, they may only be getting their money from personal savings and not from income. At some point in time, they will lose enough financial resources to cover mortgage. Some borrowers do not wait for their resources to waste away before they request for a short sale. Since default is already at hand, a mortgage lender will approve a short sale to borrowers with great mortgage payment history.

Why will Mortgage Lenders approve of Short Sales among Good-Paying Borrowers?

Short sales receive approval when a bank or mortgage company notices that it is a better financial decision not to pursue a foreclosure. Short sale is a wiser alternative to mortgage lenders if their losses are kept to a minimum. Adding to this, foreclosure proceedings usually have a longer process when it comes to furnishing and completing. This means that foreclosure affiliated costs are larger; more complicated, and time consuming. Instead of going through all these hassles and troubles that are affiliated with foreclosure, lenders will simply approve of a short sale right away. Short sales are easier to complete and are less expensive to service as well.

Imminent Default Requirements

.A homeowner is current on his or her mortgage payments

.A homeowner is for less than 30 days on his or her mortgage loan

. Proof of burden-documentations that can display expected financial hardships in the future

. Hardship letter

.Financial worksheets

. Disclosure of assets

. Statement of account that can verify current and potential financial difficulties

. Income tax return

The greatest benefits to short selling a property despite being current on mortgage payments is the fact that these sellers will only have to wait for a shorter period of time before applying for a home loan in the future. In addition, the FICO score only drops a couple of notches, making it relatively easy for homeowners to get right back on track after a year or so. Depending on how an individual hands his or her finances, re-establishment of credit can be accomplished a year after closing.

There are also a few setbacks for homeowners who choose to do short sales despite their stellar payment history. For cases where in financial distress is not the primary account as of why to apply for short sale, borrowers are typically required to contribute cash to the lender at closing. The lender will request a promissory not to be signed upon short sale approval. Lastly, lenders will have due rights to collect for deficiency judgment after closing of a short sale. It is due to these factors that borrowers with good payment history should evaluate if the benefits outweigh the drawbacks when asking for a short sale on their respective homes.

The Best Short Sale Agent in Moorpark, CA, The Best Moorpark Short Sale HELP, The Best Certified Short Sale Specialist in Moorpark, CAWhether you are the homeowner who has maintained a clean mortgage record with your lender or you are the homeowner who has found themselves in a hardship, contact one of our highly experienced short sale experts and let us help you avoid debt and move into the right direction of your future.

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Thanks for reading this,
Chris B Johnson, Realtor

Chris is a Real Estate Agent at Prudential California Realty.

Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist, Certified Distressed Property Expert


Which way is the Real Estate Market Headed? Get a Market Snapshot of your neighborhood:
MLS Market Snapshot Has the Market Stabilized

View My homes for sale at www.ChrisBJohnsonRealtor.com.
Get your Free Report for All Your Options HERE: Certified Distressed Property Expert,

Chris B Johnson provides HAFA Loan Modification and short sales help, Short Sales in Moorpark, Short Sales in Thousand Oaks, Short Sales in Westlake Village, Short Sales in Newbury Park, Short Sales in Camarillo, Short Sales in Santa Rosa Valley, Short Sales in Somis, Short Sales in Lake Sherwood, and Short Sales in Simi Valley California. Moorpark Loan Modification Help, Thousand Oaks Loan Modification Help, Westlake Village Loan Modification Help , Newbury Park Loan Modification Help, Camarillo Loan Modification Help, Santa Rosa Valley Loan Modification Help, Somis Loan Modification Help, Lake Sherwood Loan Modification Help, and Simi Valley Loan Modification Help, Moorpark short sales , Thousand Oaks short sales, Westlake Village short sales, Newbury Park short sales , Camarillo short sales, Santa Rosa Valley short sales, Somis short sales, Lake Sherwood short sales, and Simi Valley short sales. Moorpark Short Sale Specialist , Realtor, Moorpark Short Sale Specialist , Realtor, Short Sale Specialist , Realtor, Ventura County CA Short Sales. Stop Foreclosure in Ventura County, Certified HAFA Specialist, Moorpark Short Sale Specialist, Thousand Oaks Short Sale Specialist, Westlake Village Short Sale Specialist , Newbury Park Short Sale Specialist, Camarillo Short Sale Specialist , Simi Valley Short Sale Specialist, Moorpark CA Short Sales, Thousand Oaks CA Short Sales, Westlake Village CA Short Sales, Newbury Park CA Short Sales, Camarillo CA Short Sales, Simi Valley CA Short Sales, Ventura County Foreclosure Help, Moorpark Foreclosure Help, Certified Home Affordable Foreclosure Alternative Specialist, HAFA, HAMP. CA. DRE 10501699.You can find Ventura County Short Sale Specialist, Realtor, at 587 W. Los Angeles Avenue, Moorpark, CA. 93021Chris also specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County Short Sales.
Ventura County Short Sale Specialist, Realtor, Short Sale Specialist, Realtor, Ventura County CA Short Sales. Ventura County Specialist, Realtor, www.theshortsaleguide.com ,
Certified Home Affordable Foreclosure Alternative Specialist . Always check with a good real estate attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure. You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales. So Please read http://venturacountyshortsalerealtor.com/?p=948.

For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Also seehttp://venturacountyshortsalerealtor.com/?p=1066.

To Read More: Click here.
Loan Mod vs Short Sale Click here.

Income Property Info Click here.

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Short Sales Are Typically Chosen Option To Avoid a Foreclosure, How Does This Work in Moorpark?

Moorpark Short Sale Realtor,The Best Short Sale Agent in Moorpark, CA, The Best Moorpark Short Sale HELP, The Best Certified Short Sale Specialist in Moorpark, CAWith the housing market still attempting to make its recovery, buyers are still looking for a good deal and homes being sold as short sales could be the deal they are looking for. Sometimes many Moorpark buyers can come and go during a seller’s short sale, but that is why it is important to have a competent short sale specialist from the beginning, to make sure your house is “buyer friendly” and all of the requirements asked by your lender are met.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

The short sale process can be a drawn out process, but upon completion, will show its true benefits. Depending on the state, and whether the short sale was a traditional short sale or the HAFA short sale, a homeowner will be forgiven of the deficiency after the short sale; meaning you will not be held accountable to pay the difference. With a foreclosure, you will be addressed with fees and many years of “foreclosure” lingering to your credit.

Short sales offer incentives to the qualifying homeowner to help with relocation fees. The Home Affordable Foreclosure Alternative government program will offer $ 3,000 cash back after the short sale. A short sale can also profit the lender by helping them to avoid a costly foreclosure; the lender understands their loss with a short sale, but also comprehends their gain of avoiding foreclosure.

I can help you short sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Ventura County loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Short sales have been helping homeowners avoid foreclosure since the housing market started taking its fall back in 2007. Short sales are becoming popular because of the little impact it has on a homeowner’s credit. A foreclosure can make it almost impossible to qualify for a loan for seven years, while a short sale can recover in as little as two years. Short sales can be a lengthy process, but with the help of a short sale specialist, you won’t have to worry about negotiating to constant communication with the lender. The service of a short sale specialist is free to the homeowner and is just another perk to opting for a short sale.

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Thanks for reading this,
Chris B Johnson, Realtor

Chris is a Real Estate Agent at Prudential California Realty.

Phone: 805-208-0823. cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Specialist, Certified Distressed Property Expert


Which way is the Real Estate Market Headed? Get a Market Snapshot of your neighborhood:
MLS Market Snapshot Has the Market Stabilized

View My homes for sale at www.ChrisBJohnsonRealtor.com.
Get your Free Report for All Your Options HERE: Certified Distressed Property Expert,

Chris B Johnson provides HAFA Loan Modification and short sales help, Short Sales in Moorpark, Short Sales in Thousand Oaks, Short Sales in Westlake Village, Short Sales in Newbury Park, Short Sales in Camarillo, Short Sales in Santa Rosa Valley, Short Sales in Somis, Short Sales in Lake Sherwood, and Short Sales in Simi Valley California. Moorpark Loan Modification Help, Thousand Oaks Loan Modification Help, Westlake Village Loan Modification Help , Newbury Park Loan Modification Help, Camarillo Loan Modification Help, Santa Rosa Valley Loan Modification Help, Somis Loan Modification Help, Lake Sherwood Loan Modification Help, and Simi Valley Loan Modification Help, Moorpark short sales , Thousand Oaks short sales, Westlake Village short sales, Newbury Park short sales , Camarillo short sales, Santa Rosa Valley short sales, Somis short sales, Lake Sherwood short sales, and Simi Valley short sales. Moorpark Short Sale Specialist , Realtor, Moorpark Short Sale Specialist , Realtor, Short Sale Specialist , Realtor, Ventura County CA Short Sales. Stop Foreclosure in Ventura County, Certified HAFA Specialist, Moorpark Short Sale Specialist, Thousand Oaks Short Sale Specialist, Westlake Village Short Sale Specialist , Newbury Park Short Sale Specialist, Camarillo Short Sale Specialist , Simi Valley Short Sale Specialist, Moorpark CA Short Sales, Thousand Oaks CA Short Sales, Westlake Village CA Short Sales, Newbury Park CA Short Sales, Camarillo CA Short Sales, Simi Valley CA Short Sales, Ventura County Foreclosure Help, Moorpark Foreclosure Help, Certified Home Affordable Foreclosure Alternative Specialist, HAFA, HAMP. CA. DRE 10501699.You can find Ventura County Short Sale Specialist, Realtor, at 587 W. Los Angeles Avenue, Moorpark, CA. 93021Chris also specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County Short Sales.
Ventura County Short Sale Specialist, Realtor, Short Sale Specialist, Realtor, Ventura County CA Short Sales. Ventura County Specialist, Realtor, www.theshortsaleguide.com ,
Certified Home Affordable Foreclosure Alternative Specialist . Always check with a good real estate attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure. You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales. So Please read http://venturacountyshortsalerealtor.com/?p=948.

For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Also seehttp://venturacountyshortsalerealtor.com/?p=1066.

To Read More: Click here.
Loan Mod vs Short Sale Click here.

Income Property Info Click here.

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