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OPTIONS for default period.

 

 Any of these options need to be completed within the 90 day default period:

  • Do Nothing
  • Debt Counseling
  • Loan Modification
  • Forbearance Agreement - For emergencies only (hardship)
  • Deed in Lieu of Foreclosure
  • Payoff - Refinance - Reinstatement
  • Sale (Must happen during 90 day period) Agent ask for help - Disclosures - CC Code 1695-1695.17

To be safe, if a property is in default, real estate agents should consult knowledgeable attorney regarding the correct legal procedures before getting involved with the sale.

  • Hard money loans - Lender, realtor, investor working together to sell the property
  • Short Sale
  • Beware bankruptcy.       Chapter 7 - sidetracks a lender's right to foreclose until it gets permission to go forward with the foreclosure proceedings by requesting and receiving "relief from the automatic stay" from the court.                    Chapter 13 - With big arrears on their mortgage that they can't pay off right away is the common reason for filing.  The solution to that problem that allows them to keep their home is to file chpt 13.  This plan provides for continuing monthly payments on the mortgage and paying off the arrearages over the file of the plan (3-5 years).

T I M E = the most important word in the process, and remember your time as an agent is valuable too. These tips are for California foreclosure, some work the same in other states and some are exclusively California.

 

*************************************************************************

The Mother and Daughter Realty Team

Rosemary Brooks (DRE # 01336351)  Realtist, CDPE, HRC, CDSP,  REO & HUD  Certified

D'Adrea Davie (DRE# 01510971) Realtist, CDPE, HRC, CDSP, REO & HUD Certified

EMBARCADERO INVESTMENTS - the Real Estate Company

Ofc: 866-543-0461  Msg: 209-910-3706   Fax: 209-762-6971

EMAIL:     motheranddaughterrealtyteam@gmail.com /

REO Website:  www.centralvalleyreos.com

WEBSITE:   www.motheranddaughterrealtyteam.net

 Short Sale Website:  www.shortsales-HAFA.co

Do you need a Central Valley Short Sale Specialist?  If you have any questions or would like to discuss any real estate related issue please contact the Mother and Daughter Realty Team at (209) 910-3706 or complete our Contact Form.

Rosemary Brooks & daughter, D'Adrea Davie - The Mother and Daughter Realty Team specializes San Joaquin Central Valley, Stockton real estate, Homes for Sale, Housing: Stockton short sales, Lathrop short sales, Tracy short sales, Manteca short sales, Lodi short sales, Mountain House short sales, Salida short sales, Ripon short sales and Modesto short sales.

 ATTENTION CENTRAL VALLEY HOMEOWNERS: 

We can help you with a Short Sale if you are in a situation of 

*Pre-Foreclosure   *Hardship    *Job Lost   *Reduced Income   *Divorce   *Upside down on Equity   *Can't afford Mortgage   *Unexpected Medical Expenses    * Can't Refinance  * Failed/Denied HAMP Loan Modification * Other

Some of the BENEFITS OF A SHORT SALE

*Avoid Foreclosure   *Reduced damage to your credit   *Free of financial burdens   * Relief of the stress   * Possible incentive from HAFA (Home Affordable Foreclosure Alternative)

ASK me about - WACHOVIA FASTTRACK SHORT SALES 

It is an EASY, NO Stress & FAST way to get an APPROVED - Short Sale

      WE SELL REOs & HUD HOMES

Serving the Central Valley, Stanislaus & Bay Area

 

                     

WHAT IS A REALTIST?  

  • A REALTIST believes in "Democracy in Housing" - the principle that all citizens have the right to equal housing opportunities, regardless of race, creed, or color.
  • A REALTIST believes in preserving the rights of all Americans to homeownership and is dedicated to serve the unserved and underserved by developing creative and effective methods of doing so.

Central Valley Realtist Association(CVRA) / NAREB / CAREB

www.centralvalleyrealtist.com / www.nareb.com / www.CAREB.org

 

 

2 Comments on T I M E equals 90

AUG
02
2007
1 Featured Post
Since many folks from across the USA may read your blog post, and since foreclosure laws and customs can vary from state to state... you should preface your recommendations are for California, or generalize in such a way so your recommendations are adaptable to all 50 states.  Just a thought.
6:49am • #1
AUG
15
2007
404,479 Points 6 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master
David, thanks for the suggestion.  I will do my edits to reflect that.  Thanks
1:29am • #2

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Rosemary Brooks-The Mother & Daughter Realty Team

Stockton, CA

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EMBARCADERO Investments - 866-543-0461

Address: 6777 Embarcadero Drive , Ste. 1, Stockton, CA, 95219

Office Phone: (888) 543-0461

Cell Phone: (866) 543-0461

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EMBARCADERO INVESTMENTS - the Mother and Daughter Realty Team. A Realtist. We take the extra steps to ensure our clients receive the utmost care! Call 866-543-0461 ~~~~~~~~~~~~~~~~~
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