The purpose of this website is to give Citrus Heights homeowners as much information as posible on how to avoid a foreclosure. I will be giving up to date information on short sales in and around the Sacramento area. There are many homeowners in the Citrus Heights area that are behind on their payments and also owe more than the house is worth. I know these people are stressed out so I am giving out as much information about short sales and postponing a foreclosure as I can.
I know alot of people have had to short sale their homes in the Sacramento area. I think many times they are not happy about short selling. Here might be some hope for people
who want to try to keep their homes.
There is a workshop coming up on November 10th 2011. It is for homeowners who are underwater in their homes. This could be a helpful workshop for homeowners having difficulty making their loan payents or for homeowners who have received a notice of default. The workshop will have a panel of experts in the legal field, a cpa, a financial planner, a home lender and a credit repair person.
You can come to the workshop for free and ask as many questions that you have.
The workshop is located at 6929 Sunrise Blvd. Citrus Heights, CA 95610 at 6:00 p.m. on November 10th.
Please call Gordon at 916-261-2381 to rsvp
If you are facing foreclosure in Citrus Heights or want to know all about short sales in Citrus Heights, you should attend.
The HAFA program started on April 5th 2010. This progam is overseen by the U.S. Treasury. It started because statistics show that 60% to 70% of modified mortgage redefault on their home loans. This new program is supposed to create uniformity in short sales. It is also supposed to speed up the short sale process. This program is for primary residences and loan amounts below $729,750.0. The borrowers monthly payment is over 31% of the gross income. Under this program lenders must release homeowners from deficency judgements. They must offer 6% or a max of %6000.0 to pay off the second mortgage. Second mortgage must also agree to release client from defiency judgement. This is great for homeowners who had a cash out second mortgage. It also provides $3000.0 to homeowner for moving expenses. Lenders cannot foreclose if a file is in progress under HAFA. This new HAFA program is a great way for Citrus Heights homeowners to avoid foreclosure and get money to move.
