This new program Foreclosure Alternatives Program is an extension of the Making Homes Affordable.  It is set up to help streamline the process in offering homeowners loan modification and if they cannot qualify for a loan modification, the lender/servicer will offer the homeowner the option of doing a short sale (3-12 months) and if that does not work they may offer the homeowner the option of signing over the Deed in lieu of foreclosure.

This program is good in that it does try to help homeowners.  Although it will not help keep homeowners in their homes, but if not allow them to use the other options.  The main point here is Do not ignore the letters and end up in foreclosure when you could have avoided it!

Check out these posts and gather more information on these Alternatives to Foreclosures:

• What has changed with Short Sales?
• Between now and then... Look out for your Loan Modification letter - it is time sensitive --- if you do not get one CALL YOUR LENDER! Do not miss this opportunity to AVOID FORECLOSURE!
• Doing nothing is not an option.... It's a bad mistake if you are having mortgage problems.

Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty Team at Family Realty Group and we have the latest information for the Loan Modification program & FAS (Foreclosure Alternatives Program).

Our aggressive marketing plan includes on-line listing advertising.

• Mother and Daughter Realty Team Website
• Mother and Daughter Blog

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If you are thinking of Avoiding Foreclosure, Short Sale or Buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-543-0461 or email US (go to our website and email us).