earn money: Did You Know that You May Get Paid Really, Really Well to Do a Short Sale? - 05/30/12 07:51 AM
Many banks are now offering cash incentives to borrowers who are behind on their mortgage payments, encouraging them to sell their house in a short sale.
Previously, a government program called HAFA (Home Affordable Foreclosure Alternative) incentivized homeowners by paying them $3000 for relocation assistance at the time of completion of the short sale of their house.
Banks including J.P. Morgan Chase, Wells Fargo and Bank of America have taken a step further by paying huge cash incentives, starting at $5,000 and higher, to the homeowners for doing a short sale.
Why Banks Are Paying Cash Incentives to Homeowners Who Opt … (2 comments)

earn money: If You Have 2 or More Loans and Your Home is Under Water in CA, You MUST Do a Short Sale. - 05/25/12 03:26 AM
In July 2011, Governor Jerry Brown of California signed the landmark SB 458, which is HUGE for CA homeowners and investors. It basically protects them against all junior lien holders if they complete a short sale on their property in CA.
Previous law, SB 931, only applied to senior lien holders. Junior lien holders had the choice to approve a short sale only if the borrower would agree to sign a promissory note to pay the full balance.
This new law, however, doesn’t require or force the junior lien holders to approve the short sale. But if they do approve the … (0 comments)

earn money: Get Up To $30,000 From Lenders For Selling Your House - 05/24/12 04:17 AM
FORECLOSURE = ZERO
SHORT SALE = Up to $30,000 for You!!!
Did you know that some banks (Chase and now Bank of America) are giving HUGE incentives to homeowners if they choose to short sale a home rather than let it foreclose?
I just got an email from Bank of America a few days ago explaining the program.  It’s called a Streamlined, Cooperative short sale, and it has a number of key advantages for the homeowners.
The homeowner is guaranteed a payment of at least $2,500 and UP TO $30,000 if you qualify for this program.  This is called “Relocation Assistance.” … (0 comments)

 
Colleen Coleman (Colleen Coleman. Broker)

Colleen Coleman

Claremont, CA

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Colleen Coleman. Broker

Address: 915-C W. Foothill Blvd., #125, Claremont, CA, 91711

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