Check out the video I posted on how you can potentially refinance your home to below today’s market value.
For more information please call or meail me 916.585.3636 or Peter@PeterParkerteam.com
For a free report on the options available to you to stop your foreclosure click here
Starting on the 15th of June 2009 California has a new 90 day foreclosure moratorium law take effect. Similiar to the bill, “Making Home Affordable”, Obama passed back in March.
This bill was passed to make lenders try harder to keep boorrowers (you) in their homes. The lenders must prove that they tried to modify any delinquent loans before starting the foreclosure process.
What this law does, in practical purposes, is add 90 days from the time that the Notice of Default (NOD) is sent to when they are allowed to file a Notice of Trustee Sale (NTS). In the past lenders are allowed to file the NTS 90 days after the NOD was filed, and now with the new bill there is an extra 90 days tacked on giving the homeowners 180 days after NOD before the NTS. There are a couple of provisions to qualify for this extra 90 days:
The news is not all roses and cream however, some may even say that this bill is a joke. The lenders can petition for exemption from the bill, from what I can tell all they have to prove that they have a loan modification program in place.
Here is the list of which lenders are exempt from this legislation….. THE LIST
When the economic stimulus plan was introduced in February it included the $8000 tax credit for first time home buyers. Originally home buyers would only receive this credit from the IRS after tax season or filing an amended return. In an effort to boost home sales even more the Department of Housing and Urban Development has unveiled a a policy change that will allow borrowers who are using a FHA approved lender to get an advance of the tax credit up front in order to be able to afford the costs associated with the home purchase.
There is a restriction however, this advance cannot be used as part of the 3.5% down payment that you need to have as part of using a FHA loan. A typical loan has $3000 to $4000 in closing costs, title insurance and other fees, this advance can be used by the borrower to meet all of these costs. According to Shaun Donovan, Secretary of Housing and Urban Development, “What we’re doing today will not only help these families to purchase their first home but will present an enormous benefit for communities struggling to deal with an oversupply of housing.”
If you or anyone you know is behind, or will soon be, on mortgage payments please let us help them today with their problem. Now with the Making Home Affordable program the chances of success are getting better and better everyday. With our bleeding edge marketing and Short Sale negotiator with a proven track record we really are you best option. You can call us @ 916-863-0444 or email me Peter@PeterParkerTeam.com.
PS. If you need someone to buy your home fast we are working with some investors who specialize in purchasing Short Sale properties. Just visit their site to contact them. As an added bonus they will send you a free e-book on “How to Stop Foreclosure in its it’s Tracks”.
Last month, the Obama administration passsed the Making Home Affordable program which offered lenders and loan providers an incentive of up to $1,000 for each completed short sale, and up to $1,000 more to share the cost of paying any second-mortgage lenders to release their claim on the property. Homeowners were’nt left out in the cold, they were offered up to $1,500 for relocation expenses. In this market any extra incentive the lender gets can be nothing but a good thing when it comes to helping the homeowner out of a bad situation. Now, also, the homeowner has one less objection, can’t afford the move, to just face reality and make the leap into a Short Sale. Analysts believe short sales are often the best option, even for homeowners thinking about a new loan to save the home. “It’s gotten to the point where people understand that sometimes you have to start over,” says Andre L Mitchell of VP of Lynx Mortgage Bank. ”A loan modification might help you in the short term, but sometimes what people need to do is get out completely.”
If you or anyone you know is behind, or will soon be, on mortgage payments please let us help them today with their problem. Now with the Making Home Affordable program the chances of success are getting better and better everyday. With our bleeding edge marketing and Short Sale negotiator with a proven track record we really are you best option. You can call us @ 916-863-0444 or email me Peter@PeterParkerTeam.com.
PS. If you need someone to buy your home fast we are working with some investors who specialize in purchasing Short Sale properties. Just visit their site to contact them. As an added bonus they will send you a free e-book on “How to Stop Foreclosure in its it’s Tracks”.
I just found out the good news. Sounds the Movie, in which I played the part of Agent Miller, is being released in North Carolina sometime next year. As one of the original 13 colonies, back then it was just Carolina, we know they have history. Now with the release of Sounds the Movie we know also that they have good taste.
For a review by a native North Carolinan click here
Check out the Sounds the Movie website for more info on the movie
If you want to use a bonafide movie star as a Realtor please don’t hesitate to call, 916-863-0444, or email me. Just ask for Peter Parker, and please dont be disappointed when you find out that I am not really Spiderman.
"I think I see a house just for you"
First things first, despite the title, you do not need to be a first time home buyer to qualify for this program. You also qualify if you have not owned and occupied a home as a principal residence within the preceding three years and the home you are buying is within a federally designated target area, more info below.
If you live in the Greater Sacramento Area (Sacramento, Elk Grove, Folsom, Isleton, Galt, Citrus Heights, Rancho Cordova and the unincorporated areas of the County of Sacramento) and are looking to buy your first home (or if you qualify, read below) then you are in luck. Here is a program to help you realize this dream. The Sacramento Mortgage Credit Certificate (MCC) Program is designed to help you get into your new home. The MCC reduces the income tax you would have to pay, which in turn allows you more available income to qualify for a mortgage and to help you make your monthly mortgage payments.
To be eligible for this program you must meet the following criteria:
1 or 2 person households: $87,360
3 or more person household: $101,920
Eligible properties must be Single Fmaily homes and must cost less than $554,025.
More detailed information and the application procedure can be found on the Sacramento Housing & Redevelopment Agency website. If you need any help buying (or selling or trying to avoid foreclosure ) your new home today (or anytime really) in the Greater Sacramento please dont hesitate to email me at peter@peterparkersellshomes.com or checkout my website for Home Buying tips and home listings.
PS. If you know of anyone having trouble making their mortgage payments please send them my way so I can help them, or send them to my foreclosure avoidance website www.StopMySacramentoForeclosure.com for foreclosure avoidance information for the Greater Sacramento Area.
Frequently Asked Questions About the Home Buyer Tax Credit
Uncle Sam is feeling generous.
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation.
While the Soviet Union did leave a lot of eyesores in its wake it was thankfully unsuccessful in ruining the natural beauty bestowed upon the former Soviet Republic of Georgia. With fertile valleys, a tropical climate region along the Black Sea coast and mountains higher and more lush than the Alps in Europe it has truly been blessed in this regard. Georgians have been known to boast that within an hour or two they can go from skiing in the Caucasus Mountains to swimming in the Black Sea or vice versa. In fact the landscape in Georgia is so stunningly beautiful and such a source of national pride that a creation story of Georgia has developed over centuries. According to the Georgians when God was creating the Earth and parceling out land to different groups of people the Georgians were feasting and partying and therefore somehow God forgot about them and skipped over them. Upon realizing this the Georgians came to God and asked where there land was. Realizing his mistake God felt terrible and told the Georgians there was a wonderful and abundant piece of land he was saving for himself and that instead he would give it to them. This land was Georgia!
