Mother & Daughter Blog

ALL you need is 5!

 ~ take the quiz, and then give your servicer/bank/lender a call to see if you qualify!!

 

GET MOVING ON THIS!

 

There are still so many questions about how all these programs work.  The Home Affordable Modification program introduced by Obama is available to those that qualify.  Take this 5-question quiz to see if you are eligible.   If you answer yes to all the questions, you may be eligible… but only your servicer can tell you if you qualify. 

To answer these five questions will take less than 1 minute to answer … RIGHT AFTER you answer these 5 questions.... pick up that phone and contact your servicer/bank/lender and see if you qualify.

 

You MUST 

1. Be an owner-occupant in a one to four unit property, 
   
2. Have an unpaid principal balance that is equal to or less than $729,750 for one unit properties (there is a higher limit for two to four unit properties - consult your servicer), 
   
3. Have a loan that was originated on or before January 1, 2009,
   
4. Have a mortgage payment (including taxes, insurance, and home owners association dues) that is more than 31% of your gross (pre-tax) monthly income, and
5. Have a mortgage payment that is not affordable, perhaps because of a significant change in income or expenses.
   

Got 5 on it?

If you answered “NO” to one of these questions, please still contact your servicer/bank/lender just to be sure there are no other options for you. If you absolutely do not quality to apply for a loan modification or refinance, you still have the short sale option. So ask your servicer/bank/lender if you can get the simplified short sale agreement activated with them.

If you live in the areas of (Sacramento to Modesto to Patterson to Livermore to Fremont) – give me a call if your option is Short Sale.

But first, you will need to contact your servicer/bank/lender to see if you qualify for Home Affordable Modification.

 

Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty Team at Family Realty Group and we have the latest information for the Loan Modification program & FAS (Foreclosure Alternatives Program).

Our aggressive marketing plan includes on-line listing advertising.

• Mother and Daughter Realty Team Website
• Mother and Daughter Blog

↑ Grab this Headline Animator

If you are thinking of Avoiding Foreclosure, Short Sale or Buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-543-0461 or email US (go to our website and email us).

The servicing/banks/lenders are always coming up with something to not conform.  Now how many times has this been said?  Just when you think they have ran out of tricks.. they come up with something else.  This time it is called immunity!  Immunity = exempt. In this case exempt from having to wait an additional 90 days (on top of the 111 foreclosure timeline) in order to foreclose. They have found a way to go around the new California Foreclosure Prevention Act by requesting to be exempt or to get immunity from the additional 90 days that this act would allow the homeowners before foreclosing on the property. How can the banks be immune from something they had the biggest hand in starting and letting it get so out of hand.  How can this be?  Please read because it is very important and may just affect a homeowner near you --- or YOU!

While The State of California joined in on the foreclosure prevention by passing the Foreclosure Prevention Act back in Feb. 20, 2009 - the banks are filing for immunity from this act because they are a part of the Making Home Affordable program - and guess what??? They are being given the exemption. So what this means is:

The California Foreclosure Prevention Act (2/20/09) modifies the foreclosure process to provide additional time for borrowers to work out loan modifications /or refinance if they qualify, while providing an exemption for mortgage loan servicers that have implemented a comprehensive loan modification program already.   Here's where it gets sticky.  According to Civil Code Section 2923.52 which requires an additional 90 day period beyond the period already provided before a Notice of Sale (must be posted 21 days prior to Trustee Sale) can be given in order to allow all parties to pursue a loan modification to prevent foreclosure of loans meeting certain criteria under the guidelines.

So far it all sounds good - right?  But wait! The servicing/banks/lenders (see list below and more are coming on board) are filing for exemption from this act (exempt from the 90 additional days).  They do not feel they should have to wait the additional days since they are already a signed on to the Making Home Affordable program.  So if they allowed to go exempt... they can go on foreclose after they have met the 90 + 21 days foreclosure time (after Notice of Default is recorded).

There is a list of immuned servicing/banks/lenders (Bank of America Home Loans, CitiMortgage, Kondaur Capital Corp., Carrington Mortgage Service, EMC Mortgage, Select Portfolio Servicing, etc) * all are already exempt from the wait.

While it is good that servicing/banks/lenders are getting on board with the Making Home Affordable, how sure are we of what impact it be if they are immune from the California Foreclosure Prevention Act?  Will it hurt or help our homeowners?

Go to ....www.dre.ca.gov/ind_cfpa_exemptlist.asp - to see if your servicing/banks/lenders is among the ones that are immune/exempt and not waiting to go on and Foreclose on you (after the standard 90+21 days timeframe). 

APPROVED (Immune/Exempt)
Bank Of America	BAC Home Loan Servicing	Carrington Mortgage Services	CitiMortgage	EMC Mortgage
Kondaur Capital	Select Portfolio Servicing
Applied and Received temporary 30-day approval
American Home Mortgage Servicing	Beneficial California	Beneficial Financial	Capital Financial services	Champion Mortgage
Chase Home Financing	Christian Community Credit union	Citaldel Servicing Corp	Clifford Douglas	Fay Servicing
First California Mortgage	First Entertainment Credit Union	First Federal Bank of California	Fresno County Federal Credit Union	GMAC Mortgage
Green Planet Servicing	Homecomings Financial	Household Finance	HSBC Credit Center	HSBC Mortgage
HSBC Mortgage	HSBC Mortgage Services	JPMorgan Chase	Kinecta Federal Credit Union	Litton Loan servicing
New Haven Financial Inc.	OneWest Bank	PennyMac Loan Services	Property Assets Inc	Provident Credit Union
Residential Credit Solutions	Saxon Mortgage Services	Selene Finance	U.S. Bank National Association	Vericrest Financial
Walter Mortgage	Wealthbridge Mortgage	Wells Fargo Bank

Check this list and if your lender is on the APPROVED list it means you will not get the additional 90 days before your sales date or Foreclosure date.  If your lender is not on the list, you are safe at least until the list is revised *** keep checking.  Here is the link of where to check for your lender.  PLEASE NOTE:  This link is probably more reliable than anything your lender will tell you!!!!!  Web site to check for newest listings:  www.dre.ca.gov/ind_cfpa_exemptlist.asp

Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty Team at Family Realty Group and we have the latest information for the Loan Modification program & FAS (Foreclosure Alternatives Program).

Our aggressive marketing plan includes on-line listing advertising.

• Mother and Daughter Realty Team Website
• Mother and Daughter Blog

↑ Grab this Headline Animator

If you are thinking of Avoiding Foreclosure, Short Sale or Buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-543-0461 or email US (go to our website and email us).

If you are being jerked around by your Servicer/Bank you can report them to Fannie Mae at 1-800-FANNIE.   You will need to file your complaint, follow up or you will lose out.  Banks are not excited about this program.  You will have do some arm twisting......   One of the main questions is -- When will the banks start to cooperate and follow the guidelines with the new Making Home Affordable Program?  I have spoken to several homeowners who are so frustrated because their servicer/bank is not cooperating with this program.  They are saying that when they call in they are being told no one there knows anything about the program.... but this is how it is.  And they end up getting no help from their servicer/bank.  Not good.

So I did some research to be able to provide to the home owner with information on what to do if they run into the servicer/bank that is not following the Making Home Affordable Program guidelines.  This includes:

• Loan Modification
• Refinancing
• the streamline Short Sale process

Go to www.makinghomeaffordable.gov (this is the official Treasury Website) for this program.  Go to this website and first check to see if your property is either:

• Fannie Mae property
• Freddie Mac propery

Once  you figure that out: call the respective Fannie or Freddie to report your servicer/bank as not following the guidelines (Fannie Mae phone: 1-800-7Fannie) and (Freddie Mac phone: 1 -800-Freddie).

The other type of property is either not covered by Fannie or Freddie (and it covers about 80% of all mortgages),There are about 16 servicers/Bank already on board.  However, all Servicers/Banks should still be following the Making Home Affordable program guidelines:  Here is what you do...

• 1. go to the website: www.makinghomeaffordable.gov
• 2. Click on "Contact your Mortgage Servicer"

If they are participating in the program contact that servicer/bank by using the phone number provided on the website or use the email address that is provided.  I am told that the email is set up to reach a supervisor.  Log your complaint, follow up.  And if that does not help, call the Fannie Mae phone number as they are the administering contact for this program for the Treasury Department and will work to resolve the issue.

S T A Y on TOP of it!

Here are the links again: 

1. Making Home Affordable (www.makinghomeaffordable.gov)
2. Financial Stability (www.financialstability.gov) for detailed information

WEBSITE: http://www.motheranddaughterrealtyteam.com

• Need a Short Sale Specialist? 
• Want to purchase a REO property? Want to know what properties I have to sell?
• Need information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide 
• For a FREE MARKET EVALUATION of your home    

 

Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty Team at Family Realty Group and we have the latest information for the Loan Modification program & FAS (Foreclosure Alternatives Program).

Our aggressive marketing plan includes on-line listing advertising.

• Mother and Daughter Realty Team Website
• Mother and Daughter Blog

↑ Grab this Headline Animator

If you are thinking of Avoiding Foreclosure, Short Sale or Buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-543-0461 or email US (go to our website and email us).

Just a reminder! The word in the air is that it is time.... (June is almost over... July is coming) -----> Banks will be or are already releasing more of the foreclosures that they have in inventory. 

Although there is also the possibility that banks will cooperate with the new programs that Obama has introduced to help homeowners keep their home and also this is set in place to help slow down the number of foreclosures. See:

What has changed with Short Sales?

Between now and then... Look out for your Loan Modification letter - it is time sensitive --- if you do not get one CALL YOUR LENDER! Do not miss this opportunity to AVOID FORECLOSURE!

Doing nothing is not an option.... It's a bad mistake if you are having mortgage problems.

However, should be one the lucky agents that get a truckload of REOs (Bank Owned) properties, do not forget to maintain your properties in a manner to help the communities stay in a upbeat condition and help the market by maintaining your properties in a manner that will help the market instead of continue to bring it down. 

Here are just some of the responsibilities an agent has - in order to maintain a Bank Owned Property: 

• Floors swept and mopped
• Carpets vacuumed
• Walls, ceilings and corners should be free of cobwebs
• All light fixtures should have working light bulbs
• Sinks countertops and cabinets wiped down
• Vacuum out cabinets
• Replace air filters
• All appliances cleaned (interior and exterior). If inoperable, remove.
• Windows washed and window ledges cleaned
• Mirrors cleaned
• Bathtubs, showers and commodes cleaned
• Vents cleaned and free of dust
• Ceiling fans cleaned
• Clean fireplace, if applicable
• Property should smell clean, air fresheners can be used
• Gutters and down spouts cleaned
• Sweep front porch
• Power wash exterior, if needed

In additon, agent will need to keep the property up by:

• Watering the lawn regularly
• Cut the lawn regularly
• Dust the inside of the property
• Check again for cobwebs, pests - remove them
• May have to reclean the carpet if it is during rainy season, check for mud or foot trackings
• Turn on the utilities and pay the bill and wait for reimbursements
• Report to Asset Manager any damages, repairs needed and supervisor their repair
• and the list goes on.

You know some will say us agents have it easy.  I say to them take a look at this list and tell me it is easy being an agent! Wait! there's more:  Is it hard to spot a bank owned property in Stockton, CA? But I love it!

 

Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty Team at Family Realty Group and we have the latest information for the Loan Modification program & FAS (Foreclosure Alternatives Program).

Our aggressive marketing plan includes on-line listing advertising.

• Mother and Daughter Realty Team Website
• Mother and Daughter Blog

↑ Grab this Headline Animator

If you are thinking of Avoiding Foreclosure, Short Sale or Buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-543-0461 or email US (go to our website and email us).

I am not trying to be funny with this question!  You see an empty house, it has a sign in the window with the agent's name, sometimes there is a real estate sign -- sometimes not. Here in Stockton, CA and most of the larger cities in Northern California - there are so many vacant or distressed homes (about every 2/3 houses on a given block in some cases).  But no where do you see that it is a bank owned property.  So you have to ask.

Question:  Is it hard to spot a bank owned property - if yes, why?

Answer:  Some of larger banks do not allow advertising or signage marketing properties as Bank Owned, REO or Foreclosure.  This even includes the MLS, signs, riders that are on the property.  So you will have to continue to call the agent and ask if this is a bank owned property to be sure. 

                                                        O R

You can assume if it is not stated as a Short Sale on the MLS: Here are some other signs that the property must be bank owned:

• Yellow lawn - almost yellow, more yellow than green....
• Vacant no curtains
• Wild weeds in the front and on the side of the house
• Neighbors house is nicely maintained, green lawn and all or at least most of the weeds are pulled
• MLS states "as is" sale
• MLS states bank requires pre-approval by a named bank
• Property has a "coming soon" sign outside 
• That feel of there goes the neighborhood
• Listed on Craigslist
• You are in California - especially Stockton, CA where just about every other house is either in distress or it is already foreclosed.

Before your home is one of these, check with your lender and ask for a Loan Modification OR if you cannot afford the loan modification they offer or they don't give you a loan modification --->> you may have to do a Short Sale just to avoid getting a Foreclosure on your credit.  There is a new program that will streamline the process, offer you more options and opportunities to keep your or home or Short Sale with less hassles and stress.

 

 

This new program Foreclosure Alternatives Program is an extension of the Making Homes Affordable.  It is set up to help streamline the process in offering homeowners loan modification and if they cannot qualify for a loan modification, the lender/servicer will offer the homeowner the option of doing a short sale (3-12 months) and if that does not work they may offer the homeowner the option of signing over the Deed in lieu of foreclosure.

This program is good in that it does try to help homeowners.  Although it will not help keep homeowners in their homes, but if not allow them to use the other options.  The main point here is Do not ignore the letters and end up in foreclosure when you could have avoided it!

Check out these posts and gather more information on these Alternatives to Foreclosures:

• What has changed with Short Sales?
• Between now and then... Look out for your Loan Modification letter - it is time sensitive --- if you do not get one CALL YOUR LENDER! Do not miss this opportunity to AVOID FORECLOSURE!
• Doing nothing is not an option.... It's a bad mistake if you are having mortgage problems.

Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty Team at Family Realty Group and we have the latest information for the Loan Modification program & FAS (Foreclosure Alternatives Program).

Our aggressive marketing plan includes on-line listing advertising.

• Mother and Daughter Realty Team Website
• Mother and Daughter Blog

↑ Grab this Headline Animator

If you are thinking of Avoiding Foreclosure, Short Sale or Buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-543-0461 or email US (go to our website and email us).

Check out our website and find tips for BUYERS and SELLERS - Find some valuable information on ( Short Sales, Bank Owned Properties, Latest Loan Modification programs - including Foreclosure Alternatives Program to help prevent Foreclosure). I work with my daughter (D'Adrea Davie) as the Mother and Daughter Real Estate Realty Team at Family Realty Group and we have the latest information for the Loan Modification program & FAS (Foreclosure Alternatives Program).

Our aggressive marketing plan includes on-line listing advertising. 

•  Mother and Daughter Realty Team Website 
•  Mother and Daughter Blog 

↑ Grab this Headline Animator

If you are thinking of Avoiding Foreclosure, Short Sale or Buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-543-0461 or email US (go to our website and email us).

Some will say that the new programs are not helping many.  I say every little bit helps.  If we keep getting programs that end up helping 10-20% here and there, it will all add up to helping some homeowners.

My point here is to get it out of your mind that if you do nothing it will just go away.  Nope not true.  If you do nothing.... You will get a foreclosure.  You will get your home taken from you!

If you at least call your lender and ask for a loan modification you just may find that they are now ready to offer you the loan modification.  Things are changing so rapidly and new programs are being introduced all the time so don't just assume that there is no help out there for you.  Do your homework and research as many options as you can.

If the loan modification that is offered to you doesn't seem like it will be much help, try it anyway.  Why not?  You get your trial period to see if you can do it and who knows what will change during that time?  Just don't give up.

If you have no income, of course the loan modification is not going to work.  In that case, you take the next step, ask for the short sale option (this will give you 3-and up to 12 months to sell your home) this equals more time in your home!  And if short does not work after a honest and good effort, ask your lender to let you do a DIL (Deed in Lieu) of foreclosure.  This can come with a $1500 incentive for relocation - which is better than getting nothing more than a foreclosure and not a single dime!

There are programs that maybe able to help you keep your home --->>>

• MHA (Making Homes Affordable) and
• FAP (Foreclosure Alternatives Program)

So doing nothing is not an option and if you chose to do nothing you will be making a big mistake.

Call 866-543-0461 if you need assistance.

WEBSITE: http://www.motheranddaughterrealtyteam.com

• Want to purchase a REO property? Want to know what properties I have to sell?
• Need information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide 
• For a FREE MARKET EVALUATION of your home  
• Need a Short Sale Specialist?   

Take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog  - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus in Short Sales and the Pre-Foreclosure process and REOs/Bank Owned Properties.  Our aggressive marketing plan includes on-line listing advertising. 

 

↑ Grab this Headline Animator

If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-750-8282 or email at US.

Is this strategy working? Price property low, pull in multiple and higher offers.  Is this a way to see what the buyers are willing and able to purchase?  Does competition make buyers more anxious?  How long will it take before the buyers see what is going on and hold back to stop it?

When you stop and think about what impact is holding back on properties that have been foreclosed and is now owned by the banks.... At first, you think nothing but after checking our areas like Hayward, CA you see that the demand is overweighing the supply and those are fighting words!

Buyer Agents are having a hard time landing a property with the offers they are presenting in Hayward.  It has nothing much to do with the amount you offer as it does the competition of the other agent's offer.

I just had a property listed in Hayward, that is just the average Hayward (Southland area) home with no upgrades or anything special, but you would not believe how many calls, email inquiries and offers we received on that property!  It shocked me.

Getting back to why is this happening?  It is because the banks are holding back on releasing properties that they have foreclosed on and that makes the supply low in Hayward and it is not matching the demand.  It appears that there are no available bank owned properties in Hayward and other areas.... But really there is going to be a flood of bank owned properties coming your way real soon.

I believe the purpose of this is to help bring the market back up. Price them low, pull in a flood of multiple offers and see what people are really willing and able to pay for these properties.  It is a false bubble - and I am not sure that is enough to bring the market back up.

Buyers.... Get your pre-approvals and go on and buy now so you will not look up and see that the market prices have increased and is headed upward before you can get that deal on a property.

Call 866-543-0461 if you need an agent to represent you in a purchase of a home.

WEBSITE: http://www.motheranddaughterrealtyteam.com

• Want to purchase a REO property? Want to know what properties I have to sell?
• Need information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide 
• For a FREE MARKET EVALUATION of your home  
• Need a Short Sale Specialist?   

Take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog  - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus in Short Sales and the Pre-Foreclosure process and REOs/Bank Owned Properties.  Our aggressive marketing plan includes on-line listing advertising. 

 

↑ Grab this Headline Animator

If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-750-8282 or email at US.

Due to the foreclosure crisis, a number of programs have been added in order to help the situation.  At first, the programs pointed towards helping the financial institutions rather than the homeowners. I don't know if that was on purpose but it sure did take a while for programs to get right down to the gut of the suffering and try to help the homeowners.

Here is a breakdown:

1.  February 2009: Making Homes Affordable (MHA) was introduced.

2.  March 2009: MHA guidelines for loan modifications & refinancing were set

3.  April 2009: Additional details related to the Second Lien Program and strengthening HOPE for Homeowners.  Fourteen (14) servicers including the five (5) largest financial institutions signed on (signed contracts) and begin modifications and refinancing under MHA.

4.  May 2009: Both Foreclosure Alternatives and Home Price Decline Protection Incentives were introduced.

5.  June 15 2009: Clarity of how the "Foreclosure Moratorium" really works.  At first, when this moratorium was announced it sounded like there would be a "hold on all foreclosures" for 90 days.  Actually, what this really means is if your financial institution is NOT on board with the MHA/FAP programs (loan modifications) they have 90 days to get on board and during that time they cannot foreclosure on their homeowners.  HOWEVER, if your financial institution is already signed up on the loan modification program, its foreclosures as usual.

What do you do??

1.  Check with your financial institution and see if they are already signed up for loan modifications under the MHA/FAP program or not.  If they are and you are already in the pre-foreclosure process, you will need to keep them on the line long enough to find out if  you qualify for a loan modification.  You must take the time to ask about the programs and try to get whatever they tell you in a letter for your protection.

For more information about the Foreclosure Alternatives Program (FAP) read this:

Stay tuned.... I will have more on these programs and how you can avoid foreclosure.

WEBSITE: http://www.motheranddaughterrealtyteam.com

• Need a Short Sale Specialist?   
• Need information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide 
• For a FREE MARKET EVALUATION of your home  

Take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog  - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus in Short Sales and the Pre-Foreclosure process and REOs/Bank Owned Properties.  Our aggressive marketing plan includes on-line listing advertising. 

↑ Grab this Headline Animator

If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-750-8282 or email at US.