just announced an awesome 5% down payment and no mortgage insurance program for loans up to $1.5 Million for purchases and refinances!! I’ll post some of the details below. Reach out if you or someone you know would like to learn more about it and I can connect you with her! Robin Watson-Bird, 925-577-8692, robin@nopressurerealty.com
Category: Loan Modification
Non-Borrowing Spouses on Reverse Mortgages May Be Able to Stay in Home After Borrowing Spouse Dies
Eligible non-borrowing spouses may avoid foreclosure based on FHA guidelines released in Mortgagee Letter 2015-15. When a reverse mortgage borrower passes away, a lender may now choose to foreclose the home or use a Mortgagee Optional Election Assignment (MOE). The MOE further defers the repayment of the reverse mortgage for the non-borrowing spouse. In other words, non-borrowing spouses may have the opportunity to stay in their homes after their loved one’s passing….Robin Watson-Bird, Ph.D. is a seasoned California Real Estate Broker and REALTOR based in Livermore CA who serves most of the Greater Bay Area and parts of the Central Valley. Robin can be reached by phone/text at 925-577-8692 and via email at Robin@NoPressureRealty.com
Great News for People Who Did Short Sales in 2012 and 2013 in California!
Great news from a letter I just received…
As we anticipated, C.A.R. today received a letter from the California Franchise Tax Board (FTB), obtained by the State Board of Equalization, clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a short sale.
FREE Loan Modification Help is Coming to the Bay Area in Oakland, CA THURSDAY, OCTOBER 17 – MONDAY, OCTOBER 21
If you only own one property, your primary residence and you are struggling to keep it, you need to make time to attend
NACA’s SAVE THE DREAM EVENT
OAKLAND, CA – Oakland Marriott City Center
1001 Broadway, Oakland, CA 94607
THURSDAY, OCTOBER 17 – MONDAY, OCTOBER 21
Hours are 8:00 a.m. to 6:00 p.m. each day
ALL NACA SERVICES ARE FREE!
Register: http://www.naca.com or call 1-888-499-6222. Walk-ins are Welcome!
It is Now Legal to Short Sale Your Home, Lease it Back, and then Buy it Later at Today’s Low Price!!
People can now short sale their homes, lease them back and purchase them at today’s prices later!
Until recently, many banks would not allow a seller to remain in a property as a renter after they completed a short sale and none would allow an agreement that would arrange up front for the seller to potentially buy back the home at the cheaper price.
Now, becase of Supplemental Directive 11-02 March 30, 2011, those two things are legally possible if the seller/borrower qualifies and their bank agrees!
You have to work with a specially certified agent in order to have a chance of taking advantage of this program. Robin Watson-Bird is a Fresh Start Certified Agent and can assist you with the HAFA Leaseback Program! Call her today at 925-577-8692 for a free consultation.
It is Now Legal to Short Sale Your Home, Lease it Back, and then Buy it Later at Today's Low Price!!
People can now short sale their homes, lease them back and purchase them at today’s prices later!
Until recently, many banks would not allow a seller to remain in a property as a renter after they completed a short sale and none would allow an agreement that would arrange up front for the seller to potentially buy back the home at the cheaper price.
Now, becase of Supplemental Directive 11-02 March 30, 2011, those two things are legally possible if the seller/borrower qualifies and their bank agrees!
You have to work with a specially certified agent in order to have a chance of taking advantage of this program. Robin Watson-Bird is a Fresh Start Certified Agent and can assist you with the HAFA Leaseback Program! Call her today at 925-577-8692 for a free consultation.
Free Loan Modification Help from NACA will be available in San Jose June 17-22 and LA June 25-29
NACA is the organization that was able to get me and several people I know and thousands of others great loan modifications after our banks had already denied us…and they did it for FREE! They saved me about $1620 per month! If you only own one property (the American Dream), or one property that has a mortgage on it, then NACA may be able to help you too. It is definitely a good alternative to foreclosure in the Bay Area!
Some Active Military & Veterans Can Buy a New Home with a VA Loan Even if Their Current Home is Upside Down and Even if They Have Done a Short Sale on a Property in the Past!
The biggest challenge for people whose homes are upside down (that is, they owe more money on it than it is worth) is buying a new home. Typically, they will one of two alternatives:
1) They will have to short sale their property and wait 2-4 years before a lender will loan them money to purchase another home.
2) Buy another property when their current one is upside down and be able to afford both properties
Active Military and Veterans have a third option because the VA will loan money to buyers who have an upside down property as long as they meet certain criteria. This blog article details this scenario.
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Some Active Military & Veterans Can Buy a New Home with a VA Loan Even if Their Current Home is Upside Down and Even if They Have Done a Short Sale on a Property in the Past!
The biggest challenge for people whose homes are upside down (that is, they owe more money on it than it is worth) is buying a new home. Typically, they will one of two alternatives:
1) They will have to short sale their property and wait 2-4 years before a lender will loan them money to purchase another home.
2) Buy another property when their current one is upside down and be able to afford both properties
Active Military and Veterans have a third option because the VA will loan money to buyers who have an upside down property as long as they meet certain criteria. This blog article details this scenario.
Keywords: Buy home after short sale, VA Loan, VA Loan Limits, Buying a Home with a VA loan, Buying a home while owning an under water/upside down property, Alternative for Veterans,VA Loans, VA short sale, Livermore Short Sale Agent, Livermore Short Sale, Pleasanton Short Sale Agent, Pleasanton Short Sale, Dublin Short Sale Agent, Dublin Short Sale, San Ramon Short Sale Agent, San Ramon Short Sale, Danville Short Sale Agent, Danville Short Sale, Alamo Short Sale Agent, Alamo Short Sale, Buy home after short sale, military buyer, buy home with house under water, rent under water house,VA Loan Limit, Veteran, VA, buy new home while owning underwater home
FREE Loan Modification Help Available from NACA–Save the Dream Tour is Happening Right Now in Los Angeles
NACA is the organization that was able to get me and several people I know and thousands of others great loan modifications after our banks had already denied us…and they did it for FREE! They saved me about $1620 per month!
If you only own one property (the American Dream), or one property that has a mortgage on it, then NACA may be able to help you too.
Save the Dream Tour is Happening Right Now in Los Angeles and they have others coming up all over the country. Check out NACA.com to find an event near you.