The Obama Administration recently announced incentives for borrowers and servicers for borrowers who are unable to modify their loan under the governments Home Affordable Modification program. The new incentives include:

*$1,000 for servicers for successful completion of a short sale or deed-in-lieu of foreclosure

*$1,500 for borrowers/homeowners to help with relocation expenses

*up to $1,000 toward the cost of paying junior lien holders to release their liens (one dollar from the government   for every $2 paid by the investors to the second lien holders).

For more information click here

If I can help anyone you may know, please feel free to call or email me.

Thanks!

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Are you upside down?

Do you know of someone behind on their mortgage? If so, I can help. There are options. Short sales are starting to become more prevalent and the best news is that they are selling, which is great news for everyone as well as the economy. At the end of March, there were 3459 active short sales and 610 pending short sales in Sacramento county. Pending meaning the bank accepted the offer, not just the seller of the home. Also, there have been 1223 short sales that have closed in the last 6 months in Sacramento county. What does this mean to you? Well if you are behind on your mortgage, it means there is hope. I work with a short sale negotiator who knows who to talk to at the banks and who negotiates on your behalf to persuade the bank to accept a short sale rather than lose more money by letting the property foreclose. If you or anyone you know is in need of an agent who can help them sell their property, I am here. Feel free to call me with questions too. I have also included some common questions I get asked about short sales. Feel free to browse it over here.