Pearl Helps Homeowners

Reinventing Housing Finance

Thu, 24 Feb 2011 03:37:04 GMT

Testimonies on restructuring the housing finance system were heard by the house subcommittee on capital markets and government sponsored enterprises. Most of the lawmakers were in complete agreement with the idea that the government should now make way for the private sector to perform its role in restructuring the housing finance system. Clear regulations and cleaner mortgage practices are waited by private housing market that is why some experts argued against dissolving Fannie and Freddie on immediate basis. It was also commented that granting indefinite charter to GSEs was a mistake. As a cure, it was suggested that the two companies i.e. Fannie Mae and Feddie Mac should expire in 2016. According to the director of economic research at Reason Foundation, any reform would commence with shutting down Fannie and Freddie.

The most common suggestion at the House hearing was to reduce the loan limit for GSEs. The director of financial regulation studies at Cato Institute commented that if the mortgage costs rose, higher income households would be able to bear this increase if Fannie and Freddie go. He suggested that the current loan limit should be reduced to $500,000 – this limit is currently at $729,750. According to him, this action would result in increasing the loan market and will provide relief to private market to get back into the housing market.

Director of economic research at the Reason Foundation, Anthony Randazzo suggested in his testimony that the down payment requirement for mortgage bought by whatever replaces the GSEs be gradually increased to 20% by 2014.

All panelists acknowledged that reduced government role in mortgage market is the need of hour and it is unavoidable too.

Are seeking short sale services

You can seek help and education from me which is necessary to make educated decisions.

Pearl Ahlquist

7921 Kingswood Dr. A6

Citrus Heights CA 95610

http:www.loanrecourse.com

McKayland Realty

916-708-3851

01149313

Short sale | Letter of Authorization In A Short Sale

Thu, 24 Feb 2011 03:36:37 GMT

For making a successful short sale, you need to know that you cannot start on anything before you give Letter of Authorization or LOA to your Realtor. This is a document issued by the owner of the property or borrower (i.e. you) stating that he/she authorizes the Realtor to start working on your short sale package. So this is important. It is important because lenders would not want to disclose any information of the owner without their written permission.

This LOA should include all the below mentioned information:
1. Name of all borrowers
2. Social security numbers (SSN’s) of all borrowers
3. Address of property
4. Lender/creditor/bank’s name
5. Your name and contact information
6. Name of anyone in your office who may need to help with access to the file
7. And date

We can help you in preparing a perfectly formatted letter of authorization. Apart from this, we also show you what more clauses you can include to put yourself in a position of strength. Making a decent LOA could also show you more profitable steps to take in the same deal!
We are here to show you and educate you on what move to make and how to get the most out of it!

Do You need short sale agent

You can seek help and education from me which is necessary to make educated decisions.

Pearl Ahlquist

7921 Kingswood Dr. A6

Citrus Heights CA 95610

http:www.loanrecourse.com

McKayland Realty

916-708-3851

01149313

How To Write A Short Sale Request

Thu, 24 Feb 2011 03:36:06 GMT

Lenders always require submission of numerous documents by the borrower to decide whether to lend or not, often based on the credibility that is reflected by the documents. Apart from these documents, there are some essential elements that should make up a short sale package. We’ll tell you about these ten parted elements, but let’s look at the first one which consists of the Cover Letter and the short sale request.

This should be a clearly defined one-page document that consists of each of the following features. First, it should clearly mention how much the buyer is willing to pay for the property in question. That makes easy sense. Then the reason or hardship behind buying should be stated briefly. Explanation of accompanied documents regarding the proposal has to be included. Then the letter should state that the offer includes no contingencies, providing the fact that any inspections made satisfy the buyer. The letter should also request the bank for BPO so that the bank lays its own opinion regarding the property’s value. The letter should clearly state how much net income in the interest of the bank is expected from this offer and when will its closing be. Lastly, your contact information, borrower’s name, loan and case number are to be put down on this letter.

Putting all things together requires experience and knowledge of how lenders work – you can get it from me.

you can seek help and education from me which is necessary to make educated decisions.

Pearl Ahlquist

7921 Kingswood Dr. A6

Citrus Heights CA 95610

http:www.loanrecourse.com

McKayland Realty

916-708-3851

01149313

2011 Is the Short Sale Year

Thu, 24 Feb 2011 03:35:20 GMT

After setting up the Home Affordable Foreclosure Alternatives program by the Govt., short sales were expected to go up. The Treasury Department had set a new standard in 2010 for foreclosures. But, last year they were lower than expected. HAFA only generated about 700.

The Chief Operating Officer, John Vella at Technology Provider Equator, explained in an edition that one in five borrowers were defaulting on their payments. Statistics showed that 2011 would bring better opportunities for short sales with an estimated 1.5 million foreclosures scheduled for 2011. Taking in account the volume of foreclosures and pending REO inventories, servicers will be driven to do more short sales. Moreover, investors want to undertake lower loss severity which comes with a short sale by 20% to 30% better execution instead of a REO sale. The short sale process has been improved with evolving real estate agent capabilities and technological innovations, making servicers more skillful in converting failed loan modifications into short sales. Servicers and their staff adapting these proven sales technologies effectively may see around 25% increase in short sales in 2011 compared to last year since this will help build a better relationship between the lender, agent and borrower.

In regards to lenders’ preference of short sale guidelines, Vella said that HAFA’s guidelines set in April 2010 didn’t guarantee effectiveness but moreover laid down guidelines in this very complicated field to maximize consistency. He said that lenders would redirect loans to their internal programs if HAFA wasn’t working out for them in some specific cases. This could be done smoothly without impacting compliance, timelines and borrower satisfaction with the proper technology.

A combination of factors makes the execution of a short sale difficult. It may take long periods of time to establish and react to offers for parties especially when a second loan or mortgage insurance is involved.

If you want any help in a Short sales in citrus Heights, Short sales in fair oaks, Short sales in orange vale, Short sales in Loomis, Short sales in antelope, Short sales in Roseville, Short sales in Lincoln, Short sales in Penryn, Short sales in New Castle, you can seek help and education from me which is necessary to make educated decisions.

Pearl Ahlquist

7921 Kingswood Dr. A6

Citrus Heights CA 95610

http:www.loanrecourse.com

McKayland Realty

916-708-3851

01149313

Foreclosures and Short Sales Report for 2010

Thu, 24 Feb 2011 03:34:32 GMT

The first six months of 2010 were good for the stakeholders in foreclosure market. Short sales and loan modification started getting approvals and as a result most of the foreclosure cases revoked. Investors started to offer their purchases in housing market and buyers showed interest in the purchases in order to take advantage of tax credits. When the government’s interest in loan modification appeared to diminish, the number of short sales slowed down and with the void tax credits foreclosure cancellation also started rising.

The start of third quarter of 2010 was greeted with the robo-signers scandal and as a result the foreclosure sales dropped. This quarter also witnessed a complete foreclosure freeze by Bank of America.

Since the offset of foreclosure crisis, for the first time the number of new foreclosures cases decreased in California along with Nevada and Arizona.

		2007	2008	2009	2010
California	Foreclosure #	280,095	442,612	504,425	338,999
	%age change		+58%	+14%	-33%

In 2010, for second consecutive year foreclosure sales decreased in California.

		2007	2008	2009	2010
California	Sales	96,901	251,544	202,215	189,810
	%age change		+160%	-20%	-6%

If you want any help in a short sale, Short sales in citrus Heights, Short sales in fair oaks, Short sales in orange vale, Short sales in Loomis, Short sales in antelope, Short sales in Roseville, Short sales in Lincoln, Short sales in Penryn, Short sales in New Castle

Pearl Ahlquist

7921 Kingswood Dr. A6

Citrus Heights CA 95610

http:www.loanrecourse.com

McKayland Realty

916-708-3851

01149313

Short Sales In 2011

Thu, 13 Jan 2011 03:31:23 GMT

Let’s first understand what a loss severity rate is. Loss severity rate is the difference between the outstanding amount on the mortgage loan and the net amount realized. For example, Mr. A owes the bank $100,000. Unpaid interest, legal cost or any other fee is $15,000. So, the bank is owed $115,000. The property is then sold for $75,000. So, the bank realizes a loss of $35,000 and the loss severity rate is almost 30% ($35,000 ÷ $115,000).

Currently the loss severity rates are around at 44% on prime mortgage loans. It is predicted by Fitch Ratings that these rates might increase between 5% and 10%. So we can say that the loss severity rate might be around 49% to 54% on prime mortgage loans during 2011. The loss severity rates on Alt-A (Alternative A-paper) are around at 59%. We can say that the loss severity rate might be around 69% to 74% in 2011. On subprime loans, the loss severity rate is around 75% and it can reach 80% to 85%.

Now the housing market is going to face challenges in 2011 because of tax break expiration, increased mortgage rates and less modification numbers.

There’s pressure on banks that they modify more loans in the coming times. Moreover, banks are facing problems in foreclosure processes. These factors can bring the recoverable principal amounts down that a bank can get from a foreclosure. Distressed homeowners are delinquent on their mortgage payment for an average of 19 months. Fitch Ratings predicts that this duration can even worsen to 25 months in 2011 resulting in an increase in costs for banks.

It is expected that the lenders and mortgage servicers are going to find new and alternative ways and they are likely to prefer short sales in 2011 on foreclosures because on an average recovery rates on short sales are 10% higher.

If you want any help in a

Short sales in citrus Heights, you can seek help and education from me which is necessary to make educated decisions. If you would like a free PRIVATE consultation contact us:

Pearl Ahlquist

7921 Kingswood Dr. A6

Citrus Heights CA 95610

http:www.loanrecourse.com

McKayland Realty

916-708-3851

01149313

Robo-Signers’ Fiasco Continues

Thu, 13 Jan 2011 03:17:38 GMT

The presentation of invalid documents by the leading lenders in US housing market can now cause widespread loss to banking industry and can now lead to some more troubling situation for the housing market. It is stated in some financial circles that lenders might be able to start the foreclosures after replacing the invalid documents with proper documentation. But on the other hand, it is also possible that the banks face losses of billion of dollars.

Although, some people say that banks used robo-signers for the betterment of overall situation in high housing market due to high foreclosure rates. However, people are furious with banks and put up the argument that during the recent financial crisis banks received billions of dollars of aid from taxpayers but couldn’t handle the situation properly.

How are banks going to face losses in worst case scenario? There are almost 33 million worth of mortgage loans that banks now claim to own. If they cannot prove that they really own it, these properties can be securitized and sold to investors resulting in billions of dollars of losses to banks and lenders in housing market. As for now, we don’t know to what extent the effect of these irregularities has reached so if these securities are securitized, major financial institutions in US might face substantial damage.

It is also anticipated that the banks would have to buy back those loans or properties that are already sold to other investors – and if such situation arises, an estimated more than 50 billion USD would have to be borne as loss by banks. The effect of this crisis will affect JPMorgan Chase, Citigroup, Well Fargo and Bank of America.

It’s not the banks only that are receiving criticism but regulators are also facing criticism for not observing the irregularities in advance and they are also scheduled to appear on hearings.

If you want any help in a short sale in citrus Heights, you can seek help and education from me which is necessary to make educated decisions. If you would like a free PRIVATE consultation Contact:

Pearl Ahlquist
7921 Kingswood Dr. A6
Citrus Heights CA 95610
http:www.loanrecourse.com
McKayland Realty
916-708-3851
01149313

Options and Solutions

Thank you for visiting this site and taking the first step toward finding answers. I appreciate what it has taken for you to come here, and commend your efforts to get the facts about your situation. The current real estate environment can be frustrating, with misinformation and conflicting plans for how to proceed.

As a real estate agent, what I often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably, over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities I serve.

That's why I've developed this site: to ensure you get the valuable resources that can reduce your financial strain and change your life for the better. As a CDPE I know the options for homeowners in foreclosure or delinquent on their mortgages, and I can send you a report detailing this information, prepared just for you.

Simply enter your information below and click "Send."

I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let me help you evaluate your options and get back on track to a solid, stable future.

Short Sale & Deed-In-Lieu

Contrary to what you may have heard, lenders actually want to avoid foreclosure wherever possible. That’s why they’re accepting more short sale and deed-in-lieu transactions everyday in an effort to eliminate unnecessary foreclosures. This is great news for homeowners facing financial distress.

To help you understand more about these two options, I’ve prepared a free report just for you, called ‘Short Sale & Deed-in-Lieu: Dignified Solutions.’ To receive your free report, please provide your information in the fields below.

I hope you’ll review these options carefully and pass this information along to those who may need it. I commend your efforts to finding a solution to the difficult financial situation that you or someone you know is currently facing. Providing the best advice and information in your time of need is my priority.

Let me help you evaluate your options and get you back on track to a secure financial future.

Your First Steps To Avoid Foreclosure

Your First Steps

In today’s market, 1 in 7 homeowners is having trouble paying the mortgage. More than 70% of these homeowners proceed without seeking assistance or getting the facts. Many do not even realize that foreclosure is a process, and that there is time to make decisions that may result in a better outcome.

You are not alone. Millions of other homeowners nationwide are in the same circumstances. To assist you, I’ve prepared a free report outlining the first steps a homeowner should take when facing a foreclosure.

Fill out your information below for this free report. Don’t hesitate. Get back on track today!

Is Your Mortgage Payment Dragging You Down?

One in seven mortgages in this country is headed toward foreclosure.

If you or someone you care about is feeling burdened by a mortgage that is unaffordable, I can help.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, it is my mission to help homeowners avoid the financial devastation of foreclosing on their home. In the process, I help them move forward on a positive path. If you'd like to learn more, I invite you to access my free report: Is Your Mortgage Payment Dragging You Down?

As my report points out, there are currently 6.5 million mortgages in the country that are delinquent or in foreclosure. Stemming the tide of foreclosures has become a national priority because a foreclosure is nothing short of a disaster for all concerned – families, communities, the real estate market and the national economy as a whole.

As a CDPE, I am tapped into the most up-to-date solutions for financially distressed homeowners, and am distinctly qualified to work with you to determine your best possible option.

Contact me today and let's get started!

Hidden Costs of Bankruptcy

Considering filing for bankruptcy? There may be alternatives you've never considered …

If you are having trouble paying your mortgage and are possibly considering bankruptcy, there may be better solutions for your particular circumstances. I've created the free report available on this page, "The Hidden Costs of Bankruptcy," to provide more information.

Alternatives to foreclosure, such as conducting a short sale and moving into a rental residence with less expensive payments, may offer the breathing room you need to reorganize your finances.

To get your free report, fill out the form below and click send. However, if your situation is urgent and you need immediate assistance, please don't hesitate to contact me.

I'm here to assist you.

Make Financial Stability Your Resolution

Foreclosure Stress Never Goes on Holiday

If a foreclosure is threatening your happy holiday, you should know you're not alone. Millions of Americans are in the same situation, and it is my goal to help ease the stress that comes with the threat of foreclosure for as many as I can reach.

As a CDPE-designated agent, I help struggling homeowners navigate the various options they have to avoid foreclosure. One possible option is a mortgage modification, which makes monthly payments more affordable.

For more information regarding this and other solutions, please download the free report located on this site.

If you need immediate assistance, please feel free to contact me throughout the holiday. I'm here to help. Make financial stability your resolution for the New Year!

Missing Mortgage Payments? It's Never Too Late!

Missing Mortgage Payments?

It's Not Too Late!

According to Lender Processing Services (LPS), over 6.32 million homeowner missed their mortgage payments in April 2011. Another four million have missed more than three months of payments and are now considered seriously delinquent. If you or someone you care about is having difficulty making mortgage payments, you should know it's not too late to get help.

I created this website so homeowners could gather as much information as possible about a homeowner's options and what steps should be taken next. The free reports available on this site are phenomenal resources for you to learn more about how I can help overwhelmed homeowners overcome this temporary challenge in life.

Government Program Surveys Mortgage Loans

Government Program Surveys

Are You Eligible?

The government programs currently available to homeowners can be valuable resources, but only if you know which ones are right for your situation.

That’s why I’ve created this free resource that lets you find out which programs you’re eligible for. Read the descriptions for each program to see which one fits your situation, then fill out the corresponding survey to see if you are eligible.

Find out now if you are eligible!

The good news is that programs exist for a variety of situations, and even more options are available beyond those programs. As a CDPE-designated agent, I can provide all of your possibilities and help you get moving toward a solution.

Short Sales vs Foreclosures

Short Sale vs. Foreclosure

Making the Right Choice for a Stable Future

The US housing crisis has claimed millions of victims. Unfortunately, many homeowners are losing their homes to the bank because either they think that a short sale will have the same financial effect as a foreclosure or they don't know their options.

The good news is that homeowners don't have to navigate this process on their own. I am available for those who need my expertise to get back on the path to stability.

If you, or someone you know has questions about this information, or would like to get started creating a plan, call me today.

The more proactive we are, the better the chance of finding financial freedom and stability.

Tipping the Scales Toward Foreclosure?

Fear of foreclosure is a national epidemic.

Millions of homeowners fell behind on their mortgage payments last year, and then proceeded to fall further behind every month.

These are tough times and there are no easy answers.

The fact is, major lenders, the federal government, and local agencies across the country have stepped up their efforts to stem the tide of foreclosures. More help is available than ever before.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am knowledgeable and adept at navigating among the full range of solutions for helping financially distressed homeowners to make a fresh start.

Looking to learn more? Check out my free report: "Tipping the Scales Toward Foreclosure? Resolve to Shed the Weight of an Unmanageable Mortgage in 2012."

And if you, or someone you care about is looking to tip the scales back into financial solvency, contact me today for a confidential consultation!

Cash for Short Sales

Short Sales are More Valuable Than Ever!

Avoiding foreclosure is always a smart move, but now there are incentives that make it an even better one.

Short sales and deeds-in-lieu are dignified solutions to foreclosure, and now the government is making them easier and quicker through the Home Affordable Foreclosure Alternatives Program, or HAFA, which also gives the homeowner $3,000 for participating.

With the free report provided here, you can learn all the benefits of completing a HAFA short sale. Simply fill out your information below for details on the program and how you would benefit.

Please read this report to learn the facts, and contact me to start exploring solutions.

On the Edge of Losing Your Home?

When you or someone you know is pushed to the edge of foreclosure, it is vital to know that you have options.

It is my duty as a real estate professional to reach out to distressed homeowners. As a CDPE designated agent, I have received extensive training to help homeowners avoid foreclosure.

I created this site to provide a lifeline of information regarding alternatives. From short sales to loan modifications, I can provide information to help.

For a free report on foreclosure alternatives, fill out the form below and click "Send." Take action today and avoid falling into foreclosure. I'm only a phone call or email away.

Need a Helping Hand?

Compassion and connections to untangle your complicated mortgage challenges

If you or someone you care about is falling behind on your mortgage and owes more on your home than it is worth in today's market, you are not alone.

In fact, 6.3 million homeowners are in some stage of foreclosure right now.

As my recent report points out, there are currently 10.9 million homeowners in the United States who owe more on their mortgage than their home is worth in today's market.

Far too often, homeowners in this situation feel that they have no other choice but to let their home fall into foreclosure.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am tapped into the best solutions for helping financially distressed homeowners to make a fresh start. If you'd like to learn more, I invite you to access my free report: "Need a Helping Hand? If the market and your mortgage have tossed you a curve, you are not alone."

Contact me today and let's get started!

Are You Living Under the Cloud of an Unmanageable Mortgage

An Unmanageable Mortgage Clouds Everything

When families are tapped out financially and faced with the uncertainty of not knowing how much longer they'll be able to stay in their home, the prospect of planning or having a positive outlook on the future seems out of the question.

Many financially strapped homeowners feel frozen in action and it's no wonder, but here's the most important point that you need to know:

Even though millions of homes have been lost to foreclosure, you and those you care about absolutely do not need to add to that statistic.

More help is available now than ever before.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am adept at navigating among the full range of solutions for helping financially distressed homeowners to make a fresh start.

If you, or someone you care about is looking to get out from under the cloud of unmanageable mortgage contact me today for a confidential consultation!

Don't Walk Away From Your Mortgage

Stop Don't Walk Away From Your Mortgage

At a Crossroads?

Walking away or "strategically defaulting" on your mortgage is not the answer. You will find that there is nothing strategic about foreclosure, especially when there are solutions to avoid it.

You should know that you have options, and that you are not alone. More than 25% of American homeowners now owe more than what their homes are worth, and millions more are having a hard time paying their mortgages.

I've developed a free, detailed report on foreclosure alternatives you can download below. Download it today and give yourself a green light for a solid financial future.

The sooner you take this step, the more time you'll have to act and move toward a more promising tomorrow.

Feeling Financially Squeezed

Feeling Financially Squeezed?

Escape the Grip of Forecloure

If you are struggling with the emotional stranglehold of foreclosure, I'm here to help. With my assistance, we can start the process of putting you back on the path to stability.

As a CDPE, I have extensive training to serve the needs of homeowners in circumstances where they feel they have no options. The reality is that you have many.

Because millions of Americans are struggling with unaffordable mortgage payments, lenders are more than ever encouraged to work with homeowners to find a solution that benefits all parties.

To find out more about foreclosure alternatives that are available to you, click and download the free report I've created on this website.

Call me today. The sooner we get started the more time we'll have to devise a strategy to help you breathe a little easier and restore hope for the future.

Caution: Protect Yourself Against Mortgage Relief Scams

The Federal Trade Commission (FTC) has issued regulations protecting consumers against mortgage relief fraud. Due to the growing number of scams that are designed to take advantage of homeowners in distress, the government wants to make sure you won’t be a victim.

As a CDPE, I am fully compliant with the FTC regulations, and want to help you avoid being taken advantage of by unscrupulous individuals or companies, as well.

In fact, I’ve developed a free, detailed report that explains the warning signs of potentially fraudulent activity so you can protect yourself and the ones you love.

If you are facing an unaffordable mortgage and need help from someone you can trust, please contact me today.

I’m here to help.

Understanding HAFA

New Help Has Arrived!

The rising number of foreclosures in this country is simply too big to ignore. That is why a government-backed program has been released that aims at streamlining foreclosure avoidance options.

Short sales and deeds-in-lieu are dignified solutions to foreclosure, and now the government is making them easier, quicker and more accessible through the Home Affordable Foreclosure Alternatives Program, or HAFA.

With one in six homeowners struggling to make mortgage payments, you are not alone, and there are options available. With the free report provided here, find out if you qualify for the HAFA Program. Simply fill out your information below to get started on your new chapter of financial stability.

Please read this report to learn the facts, and contact me to begin your journey to a solid, stable tomorrow.