Archive for the ‘California Program’ Category

Info On The Keep Your Home California Packages

Wednesday, May 2nd, 2012

Hey, I am Mike Rigley, a certified default advocate, distressed property expert and California’s short sale specialist. Welcome to our video blog. As default advocates and short sale specialists, we want homeowners to know all of their options. Whether you are behind on your payments, presumably dealing with foreclosures, or possibly you simply owe greater than your house is worth, we are right here to help.

Right now we are going to discuss the Keep Your Home California Program. It is a 2 billion dollar state run program designed to assist low to moderate income householders in distress. fifty five of the most important servicers representing ninety% of the mortgages in California at the moment are taking part on this program. To date, more than 10,000 homeowners have either obtained funding or are in the process of getting monetary help from the Keep Your Home California Program.

Bank of America, Wells Fargo, Chase, GMAC, Citi Mortgage and EMC Mortgage are a couple of of the participating servicers. These necessary programs include the unemployment mortgage assistance program. This gives as much as $three,000 monthly for homeowners collecting unemployment benefits which can be in eminent danger of defaulting on their house loan. The mortgage reinstatement assistance program presents as a lot as $20,000 per household to reinstate mortgages to stop foreclosure. These funds can be found to householders who’ve fallen behind on their mortgage payments as a consequence of a brief change in household income. The principle reduction program lowers the principle owed by a mortgager by as much as $50,000 up to $one hundred,000. The transition assistance program offers up to $5,000 in relocation help for householders who can no longer afford their residence when their lender agrees to a short sale or deed in lieu of foreclosure.

Keep Your Home California is aimed toward helping low and moderate revenue householders who are struggling with their mortgage funds in the worst real estate crisis in generations. The packages are limited to householders who meet numerous criteria. For a whole description of the applications and to seek out out if your lender is taking part in these programs or to see should you qualify call 1-888-317-9376 for a free consultation.

It is essential to us that you have a look at all of your options. Call me today, sleep better tonight, you will be glad you did. Again, I’m Mike Rigley, California’s short sale specialist, and I’m right here to help. Thanks and we’ll see you soon.

Info Concerning The Principle Reduction Program And The Keep Your Home California Program And How They Can Assist You

Friday, April 27th, 2012

Hello, I am Mike Rigley and I am an authorized default advocate distressed property expert and a short sale specialist. I’m one of California’s leading short sale teams. Welcome to our video blog. As default advocates and short sale specialists, we want homeowners to know all of their options whether or not you are behind in your payments or probably going through foreclosure or possibly just owe more than your house is worth, we’re here to help.

At present I want to speak about the Keep Your Home California Principle Reduction Program or PRP. The Principle Reduction Program by way of Keep Your Home California gives help to eligible owners who’ve experienced an economic hardship coupled with a severe decline in the home’s value.

Homeowners who qualify for the PRP could be eligible for as much as $50,000 in help from Keep Your Home California. PRP requires a dollar for dollar match from the participating servicer so the entire amount of reduced principle may very well be as much as $a hundred,000, that is substantial. Homeowners must be in the low to moderate income bracket of a hundred and twenty% or less of the housing and community development area median income. one hundred twenty% of the HCD median income for a family of four in Sacramento County is currently $ninety one,320. You may want to complete a signed hardship affidavit and third party authorization documentation documenting the rationale for the hardship. You will want enough income to maintain the modified mortgage payments. You should agree to offer all obligatory documentation to satisfy the program guidelines established by Cal-HAFA.

Your mortgage have to be delinquent or susceptible to eminent default as substantiated by your hardship documentation. Loans in foreclosure are eligible. Sadly owners in an active bankruptcy are usually not eligible for this program. At present there are 12 lenders nationwide who’re participating within the PRP. To search out out if your lender is participating in this system and to see when you qualify, call 1-888-317-9376 for a free confidential consultation. Once more, I’m Mike Rigley, certainly one of California’s leading short sale groups and we think it is vital that you understand all your options. Hope to talk to you soon.

For more information on short sales and how to avoid foreclosure, or you can also and get started today.

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