Strategic Default - Sell Your Home - Leaseback - Buy Back

STRATEGIC DEFAULT

If you could, would you…

Avoid Foreclosure?

Sell & Stay in Home?

Not Have To Move?

Lease Home Back?

 

Buy Back Your Home at Today's Market Value?

PAY NO FEES

 

MARKET VALUE?

WIPE OUT NEGATIVE EQUITY!

Request a package for the sellstaybuyback/application

HOW IT WORKS

1.

2. An assessment is made of your eligibility to meet guidelines

3. An estimated monthly lease determined at the time of listing.

4. Under this agreement, you must keep the home good condition...a reflection of your pride in home ownership

5. Property taxes, property insurance and HOA fees will be included in your lease payment.

6. We contract with the housing program to negotiate to buy it from the lender at a discount.

7. If your lender agrees then we close escrow and you become a lessee in your home under a lease agreement.

8. You will have the opportunity to repurchase your home any time within 3 years at today’s market value.

9. You have wiped out your negative equity and can start over living your American Dream

10. No Fees are associated with this program

Contact Joy Elliott to determine if you can qualify

Only a Licensed Certified Associate

can assist you with this

Housing Program

Joy Elliott, Realtor®

Lic#01088147

JoyElliott.com

joy@joyelliott.com

510-326-2716

www.SellStayBuyBack.com

California to Receive $18 Billion in Mortgage Settlement

On February 9, Attorney General Kamala D. Harris announced that California secured up to $18 billion for its distressed homeowners as part of a $25 billion national multistate settlement with the country's five largest loan servicers. More than $12 billion will be used to offer short sales or write down loans over the next three years for about 250,000 underwater homeowners in California, according to the attorney general. Relief will go to areas hardest hit by the foreclosure crisis within the first year of the settlement.

Although the actual settlement has not yet been released, the attorney general has stated that other financial benefits for California include $849 million for refinancing 28,000 borrowers who are underwater but current on their payments; $279 million restitution for 140,000 homeowners who were foreclosed upon between 2008 and 2011; $1.1 billion for unemployed homeowners, transitional assistance, and repairing blight; $3.5 billion to extinguish unpaid loans that remain after foreclosure for 32,000 homeowners; and $430 million to the state attorney general's office for costs and fees. As part of a California guarantee, if the lenders fail to reduce principal balances by a minimum of $12 billion, they will be required to pay fines up to $800 million to the state.

The loans involved in this settlement are those owned or serviced by Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Financial Inc. The settlement releases the five named lenders from certain federal and state claims pertaining to robo-signing and other foreclosure misconduct by the lenders. It does not affect any individual's rights to bring legal action against a lender. It also does not apply to the majority of mortgage loans, which are those owned by Fannie Mae or Freddie Mac.

This mortgage settlement does not change any homeowner's existing financial relationship with a settling lender. It does not relieve homeowners from any obligation. It does not require a settling lender to stop any foreclosure.

Homeowners seeking relief under the settlement agreement should contact their loan servicer or a HUD-approved housing counselor. More information including detailed FAQs is also available from the California Attorney General's website, or visit the National Mortgage Settlement website.

Sewer Lateral Test or Replace for Sale of Homes in Oakland, Piedmont and Berkeley

Oakland, Piedmont, Berkeley Sewer Lateral Point-of-Sale Requirements: The East Bay Municipal Utilities District (EBMUD) is now requiring sewer lateral inspections prior to homes being sold in Oakland, Emeryville and Piedmont. The inspections also are required for certain remodeling projects and when a property owner changes the size of their water meter.

 

The EBMUD point-of-sale requirement is in response to a court order from the the United States Environmental Protection Agency (EPA). The EPA is requiring EBMUD repair damaged sanitary sewer pipes to prevent untreated waste from being released into the San Francisco Bay. EBMUD is in turn passing the responsibility to individual property owners who will have to obtain a certificate from EBMUD showing their sewer laterals are not damaged and are connected properly. 

Please visit the EBMUD Website to determine if a property is subject to the sewer lateral inspection requirements and how to obtain a compliance certificate by clicking here.

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Calling ALL Investors..Get your BULK Fannie Mae properties Here!

Fannie Mae Bulk REO Sales Program Details Leaked | How to list REOs

January 10, 2012 · Leave a Comment

Calling ALL Investors….get your BULK Fannie Mae properties here!
The government is working on a Bulk REO sales program that may trigger a housing gold rush for those who qualify. (of course)
This is a quickly emerging story and the details are being worked out as you read this. Watch this CNBC video to get an idea of what is expected to be coming to an investor market near you.

www.realtycheck.cnbc.com

Well Resources – Donating Wells Fargo Housing Foundation
Real Estate Owned (REO) Property Donation Program

Purpose : To facilitate the transfer of Wells Fargo owned or managed REO properties to cities and nonprofits seeking to revitalize neighborhoods and provide sustainable homeownership or rental opportunities to low- to moderate-income (LMI) people. Nonprofits must have completed at least two consecutive years of operations as of the date of application. Organizations must include financial statements, audited if possible, for the immediate prior two-year period and/or IRS Form 990 for the same period.

BAY-O-VISTA 4 BEDROOM HOME PANORAMIC VIEWS

Prime location 4 bedrooms, 2 bath , 2437 SF home on a 11,000 Lot.  Huge Family Room/Kitchen Area, Extra Large living room with picture window.  4 Car Tandem Garage with addition area for worshop or recreation room.  Home is a fixer and priced at $460,000!  Short Sale. Open Sunday 1/8  1-4 pm

For more information visit www.1726SkyviewDr.com
Visit my website for more properties www.joyelliott.com

FIVE ISSUES FOR HOUSING IN 2012

Just as in 2011, in 2012 many will be trying to figure out where housing is headed.  While the housing market didn’t worsen in 2011, it also didn’t stabilize either.  This year, the story will be about local markets.  While many housing markets rose and fell together, they’re recovering at difference paces so talking about housing on a national level is not beneficial.

Making sense of the story
Get the Full Story