If you're a homeowner struggling with making mortgage payments, you need to stay on top of what help is available to you. Don't just assume you can jump right into doing a Short Sale if and when things get worse for you.
If you don't have time to keep up with all the changes going on in the distressed homeowners and properties market, then you need to consult with a real estate agent that does keep up. You should also plan to consult with an attorney, a tax professional, and in many cases a housing counselor. You'll need to talk with your lender early. You'll need to gather and be prepared to provide a lot of paperwork and documentation on time.
I attend webinars and seminars on a regular basis, and whenever possible, I attend live events in VA and MD area. I attend these events to learn of all the new changes going on in the world of distressed properties and short sales in order to provide better service to homeowners. Many of these events are not open to homeowners, which is why I attend in person. There is always question and answer sessions at the end of these events. I pick up much insider information that I can use to help distressed homeowners.
The live event I just registered for today is another " All About Short Sales" event about 2 hours from here. It starts at 9:00 am, so I'll be leaving home at 6-6:30 am that morning to make sure I arrive on time.
What's it about, and who will be there? It will be about: (a)what real estate agents need to know to do a short sale more efficiently in today's market.(b) Indentifying program options.(c) Getting offers approved more quickly. (d) Navigating the short sale process more smoothly, and (e) getting help with difficult cases.
Lender reps that will be there are " Bank of America, CitiMortgage, JP Morgan Chase, Ocwen, and Wells Fargo. Also, I can help you with most other lenders as well.
In addition, Treasury will address recently issued guidance as it relates to (HAFA ) Home Affordable Foreclosure Alternatives, with both Fannie Mae and Freddie Mac sharing updates.
Also, I will get current and future insights into trends in the Short Sale market from RealtyTrac.
This session is not open to homeowners.
Additional topics I can help you understand are: (a) MHA (b) UP Unemployment Program where payments are reduced or suspended for a minimum of 12 months (c) HAMP- Creates more affordable payments-reduces your payment to a % of your monthly income. (10-55%) (d) PRA Principle Reduction Alternatives (e) HARP Home Affordable Refinance Program (f) HAFA Home Affordable Foreclosure Alternatives - Short Sales, DIL Deed in Lieu of Foreclosure, Home transition help, and more.
Call or email me early if you think you will be facing default and want to review home retention options.
Jeff Pearl / Lic in VA
Remax Distinctive - Reston VA
703-727-4876
Homes / Land / Farms / Historic
www.jeffpearlhomes.com
Equal Housing Opportunity Provider
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