Archive for March, 2012

Current Buyer Clients

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We just signed up three new sets of Buyer Clients who seek the following types of properties:

  1. Up to $650,000 in a downtown neighborhood near shops, cafes, etc. The home would have “funky” character and preferably with views and LOTS of privacy. Fixer okay if the home has enough character overall.
  2. Up to $260,000 with 3+ bedrooms, 2+ bathrooms and at least 1400 square feet. Must be in good condition due to FHA financing.
  3. A “Crash Pad” for an aviator and a doctor, up to $300,000. Prefer a home in the hills with a view with easy access to the bridge. No “cat” smell, please!

Programs to Help Homeowners: Thought You Couldn’t Qualify?

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There are several programs available to homeowners who qualify for assistance. If you own and occupy your home and have suffered a financial hardship, please choose the option below that best fits your situation:

Currently collecting unemployment benefits?

The Unemployment Mortgage Assistance Program (UMA) provides mortgage payment assistance to eligible homeowners who have experienced an involuntary job loss and are receiving California EDD unemployment benefits. Benefit assistance through UMA can be up to $3,000 per month and can last up to nine months. The maximum assistance per household is $27,000. CLICK HERE for more details.

Can’t catch up on your payments?

The Mortgage Reinstatement Assistance Program (MRAP) provides assistance to eligible homeowners who, because of a financial hardship, have fallen behind on their payments and need help to reinstate their past due first mortgage loan. Benefit assistance through MRAP can be a one time payment of up to $20,000 to cover principal, interest, taxes and insurance, as well as any homeowner’s association dues. CLICK HERE for more details.

Can’t afford your payments?

The Principal Reduction Program (PRP) provides assistance to eligible homeowners who have experienced an economic hardship coupled with a severe decline in the home’s value. Homeowners who qualify for the PRP could be eligible for up to $50,000 in assistance from Keep Your Home California. The PRP requires a dollar-for-dollar match from the participating servicer, so the total amount of reduced principal could be up to $100,000. CLICK HERE for more details.

Can no longer afford to stay in your home?

The Transition Assistance Program (TAP) provides one-time funds to help eligible homeowners relocate into a new housing situation after executing a short sale or deed-in-lieu of foreclosure program. The TAP can provide up to $5,000 in transition assistance per household. CLICK HERE for more details.

Considering a Short Sale?

Debt Forgiveness protections are set to expire at the end of the year. CLICK HERE for details.

We do a lot of short sales as a service to our clients. In most cases, it does not cost the homeowners anything to retain our services. Contact us if you’re considering a short sale and we’ll walk through the options with you!