West Sacramento Short Sale Information: July 2012

Tuesday, July 31, 2012

Greentree West Sacramento Short Sale Approval in 21 days!

Today let’s talk about our recent success with Greentree Lending Services.

For whatever reason we find that our West Sacramento Short Sales seem to run in streaks. We will go for a while and have a slug of Bank of America Short sales, then it seems like all our West Sacramento Short Sales are with Wells Fargo and so on. Right now we seem to have a slew of FHA and Greentree West Sacramento Short Sales in the works.

Now those of you who have been following us for a while we have gone toe to toe with Greentree over West Sacramento short sales in the past. Truth be told most all of the issues with Greentree have been when they held the second trust deed and it was usually one they had recently just bought the servicing rights from Bank of America. With that said it was pretty clear we knew Greentree to be pretty tough negotiators and were always ready for a battle whenever working with them on a West Sacramento Short Sale.

With that all said, you can imagine our surprise on the last two West Sacramento Short Sales we worked on where Greentree was holding the first. One was approved in 28 days and the other 21 days – no deficiency, no request for seller contribution and no hassles over value. We almost fell on the floor in shock!

In both cases the loan was purchase money first, there was no second deed of trust and both sellers were current when we initiated the Short Sale. Both sellers were young professionals and had made the decision to get out from their over encumbered properties before the Mortgage Debt Relief Act of 2007 expired at the end of this year.

The moral of the story is, as Forest Gump might say, Working West Sacramento Short Sales is like a box of chocolates – you never know what you’re going to get.

Is a West Sacramento Short Sale Right for Me?

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did

West Sacramento Foreclosure Effect on Children

Today let’s talk about the chilling effect a West Sacramento Foreclosure has on Children

Recently Julia Isaacs of the Brookings Institute for the organization First Focus authored a report titled The Ongoing Impact of Foreclosures on Children. In the report, Ms. Isaacs quantified the number of children that have been impacted:

2.3 million children have already lost their homes to foreclosure

3 million additional children are at risk of losing their home

She also noted the four ways foreclosures may affect children negatively:

Families receiving West Sacramento foreclosure notices are much more likely to move than other families. Children who move frequently do less well in school.

Homeowners receiving a West Sacramento foreclosure notice are under a lot of financial and psychological stress. Parents under financial distress sometimes engage in harsher and less supportive parenting. This can lead to negative behaviors on the part of children, making it harder for them to interact well with peers and in school.

West Sacramento Foreclosures have a negative impact on physical as well as mental health, with studies finding higher rates of non-elective visits to emergency rooms and hospitals in ZIP codes with the highest foreclosure rates.

Children living in or near foreclosed homes may suffer the consequences of living in neighborhoods with more vacant houses, higher crime rates, lower social cohesion, and a lower tax base.

The Official Journal of the American Academy of Pediatrics just published a report on the impact of the housing crises on child abuse. Their conclusion:

“Multicenter hospital data show an increase in pediatric admissions for physical abuse and high-risk traumatic brain injuries (TBI) during a time of declining all-cause injury rate. Abuse and high-risk TBI admission rates increased in relationship to local mortgage delinquency and foreclosure trends.”

Now if you follow us enough you know that we recently reported on the number of adults under financial stress and the effects it has on their health. To now know what it is doing to children it becomes even more critical that we help as many homeowners as possible avoid foreclosure. West Sacramento Short Sale is just one of those ways. Call me today if you know someone who is late on their payments, owes more than their home is worth or is possibly facing foreclosure. We can help.

Is a West Sacramento Short Sale Right for Me?

Friday, July 27, 2012

The 10 Steps to a West Sacramento Short Sale

Today let’s talk about the 10 steps of a West Sacramento Short Sale.

Before we can even start the process the borrower must first acknowledging the fact that the property is upside down and it may be years if ever before the property is worth what you owe. When this is the case there are really only two options: West Sacramento Foreclosure or West Sacramento Short Sale. Unless you NEVER plan on moving, keeping an over encumbered property just doesn’t make sense

Step 1. It all starts with the initial consultation. We sit down with you to discuss all your options and alternatives. Without giving tax or legal advice we review the potential tax and legal considerations and set up an appointment with a tax professional or attorney if applicable all so you can make the choice that is right for you

Step 2. We collect all your financial documentation and complete the bank specific application. Each servicer is different so it is important we get them what they need before the need it

Step 3. We list your property as we would any other type of transaction, complete with our total marketing program including virtual tour, toll free 800 property information line, text rider with QR code so potential buyers can scan the information directly to their smartphone phone and as always full color flyers.

Step 4. Accepting the offer that has the best chance of getting not only approved but closed as well. The best offer is not always the highest offer. In today’s tight market we find buyers writing offers that have zero chance of getting appraised at that price. When this happens we are required to basically re-negotiate the terms costing us serious delays

Step 5. With the right offer in hand and accepted by the buyer and seller, we submit your West Sacramento Short Sale package to your lender for review. We like to submit what we refer to as the “perfect West Sacramento Short Sale package” giving the servicer what they want before they need it

Step 6. With the West Sacramento Short Sale package in the hands of the servicer, the servicer will determine the value of the property. Most times they will either order a full appraisal or have what called a BPO – Brokers Price Opinion completed

Step 7. With a value in hand the servicer will determine if the net proceeds of our West Sacramento Short Sale is sufficient to settle the debt. If not they usually counter, if so they approve the West Sacramento Short Sale and we move to the traditional part of the transaction

Step 8. During the traditional part of the West Sacramento Short Sale the buyer will complete their investigations, get their own appraisal and final loan approvals. With those tasks complete we then move to closing.

Step 9. At the closing the buyer and seller will each sign the escrow documents, the loan will fund in the following days and title will transfer to the new owners. Generally the sellers will need to be out of the property the day before the escrow closes.

Step 10. With the escrow closed and title transferred the you the seller will have successfully completed your West Sacramento Short sale and avoided a costly foreclosure, avoided a potential deficiency for the unpaid balance and if you qualify, avoid paying income tax on the forgiven debt – what a great feeling that is

Thursday, July 26, 2012

California Homeowners Bill of Rights II Now Law for West Sacramento Short Sales

Today let’s talk about the remaining points of the California Homeowners Bill of Rights as interpreted by the California Association of Realtors legal team. Keep in mind we are not giving tax or legal advice. Point number:

5. No dual tracking during a West Sacramento Loan modification. Too many times I have seen an unsuspecting homeowner thinking they were getting a loan mod only to find out there were denied and the property sold at auction the next week

6. Additional West Sacramento Loan Modification Safeguards including the servicer having to send a written receipt within 5 business days of a borrowers submission of West Sacramento loan mod paperwork and if the loan mod is denied, give the reasons in writing

7. If a foreclosure prevention alternative is approved such as a West Sacramento Short Sale and the loan is sold to another servicer, the new servicer must honor the terms of the West Sacramento Short Sale

8. Additional Review required before initiating the West Sacramento foreclosure process. This is in direct response to the Robo Signing scandal. Servicers will now have to review and prove they have the legal right to foreclose on a property before initiating the process

9. The Initial Contact period requiring the servicer to attempt to contact the borrower for an additional 30 days before initiating the West Sacramento foreclosure process is extended until 2018. The servicer must note on the Notice of Default that they may the required effort to contact the borrower

10. Before a Notice of Default can be filed the servicer must notify the borrower that the borrower has the right to request copies of the promissory note, deed of trust, payment history and assignment of loan to demonstrate the servicers right to foreclose.

11. Within 5 days of filing the Notice of Default the servicer must notify the borrower of what foreclosure alternative programs are available and how to apply for them

12. If a Trustee Sale is postponed for 10 days or more the servicer must notify the borrower in writing the new sale date

13. If it has been determined that the servicer has violated any of the parts of this law, the borrower has the right to pursue legal action against the servicer and if they win have the servicer cover their legal fees.

Lots to digest here and I am sure we have yet to see how the servicers react. It very well could lead to more West Sacramento foreclosures – just the opposite of how the bill was intended. Right now only time will tell

Wednesday, July 25, 2012

California Homeowners Bill of Rights Now Law for West Sacramento Short Sales

Today let’s talk about the recently passes CA Bill of Rights and how it affects West Sacramento Short Sales

The New California Homeowner Bill of Rights also known as AB 278 and SB 900 were signed into law on July 11, 2012 and will take effect January 1, 2013. There are 13 major parts to the Bill and there is also an additional component SB 1069 which is equally important to West Sacramento Short Sales. Today we will cover just the first 4 points as interpreted by the California Association of Realtors Legal Team and cover the remaining points and SB 1069 in subsequent blogs

OK so let’s get going. Now remember we don’t give tax or legal advice.

As far as eligibility: The new law pertains to owner occupied properties and first trust deeds only. No investment properties or seconds. You cannot have filed for bankruptcy or have contracted with an organization primarily engaged in advising people on how to extend the foreclosure process and avoid their contractual obligations. You must be interested in some type of “foreclosure preventative alternative” which includes West Sacramento Short Sales. With that said here are the key points:

1. No dual tracking during a West Sacramento Short Sale. The servicer may not file a notice of default, notice of sale or hold a trustee sale if a West Sacramento Short Sale has been approved in writing and proof of funds or financing has been provided. Starting January 1 2018 they can’t file if the package is pending approval.

2. Cancelling a Pending Trustee Sale: The servicer must cancel the trustee sale if the West Sacramento Short Sale has been approved. What it does not say is where they pick up the sale process should the West Sacramento Short Sale buyer cancel and a new buyer is substituted

3. Providing a Single Point of Contact: This is not so much of an issue with West Sacramento Short Sales because we typically talk to the same negotiator all the time as it is now. Where it helps is on West Sacramento Loan Modifications

4. No Late Fees: The servicer cannot charge you late fees while you are working through a foreclosure preventative alternative including West Sacramento Short Sales. They also cannot charge an application fee either although I have yet to see an application fee charged on a West Sacramento Short Sale.

So that takes us thought points 1-4. Next time we will cover the remaining points and wrap it up.

Tuesday, July 24, 2012

Just One of MANY West Sacramento Foreclosure Alternatives

Today let’s talk about choices. We all have choices in life. They may not be pleasant but they are ours to make. Let’s talk about the choices we make when facing West Sacramento Foreclosure. It is staggering to know that a full 70% - 7 out of 10 make the choice to do nothing and allow the property to be foreclosed on. Unfortunately many do not know how damaging this can be.

I had a meeting with a wonderful young family past week. Both husband and wife were college educated and doing well. They were faced with an out of state job transfer and knowing the property was upside down had decided to let the property be foreclosed on. Other than the credit effect if this had been a first mortgage only the repercussions would not have been too bad.

However, they had refinanced the second and took out a Home Equity Line of Credit or HELOC for $100,000. Now here is where it gets sticky. Since they refinanced into a HELOC, had the property been foreclosed on they would have remained liable for the $100,000 unpaid balance. Imagine, losing your home and still owing a 100 grand! Talk about insult to injury

Fortunately we were in the process of helping one of their friends on a West Sacramento Short Sale and they referred us to this great little family. With a lot of effort and time we will be able to save these nice people from what could have been a disastrous financial mistake.

The moral of the story, don’t keep your West Sacramento Short Sale a secret. If you are having mortgage issues chances are strong you have friends, family and neighbors who are in the same boat but they may be unsure of what to do. Don’t let your friends make a huge financial mistake – have them call me today

Monday, July 23, 2012

West Sacramento Short Sale Update on SB 1069 - the new Anti-Deficiency Law

Today let’s talk about SB 1069 and how it relates to West Sacramento Short Sales

In addition to the new Home Owners Bill of Rights that was signed into law last week, Governor Brown also signed into law SB 1069 which adds an extra layer of protection with regards to deficiency protect on any loan used to refinance the original purchase money loan plus and loan fees, costs and related expenses in a refinance. The new protection does not cover the cash out portion if the consumer took a cash out refinance.

Prior to this law which takes effect January 1 2013, if the consumer refinanced his second mortgage and many have, the deficiency protection of the purchase money first was lost. In a West Sacramento foreclosure the homeowner could remain liable for the debt allowing the refinanced second to pursue a settlement. This new law changes that.

In a West Sacramento Short Sale, if the first or second lender agrees to the settlement they both waive their right to seek a deficiency judgment and agree to settle the debt for less than was owed. You may still have income tax consequences depending on your situation but the debt is settled.

The details and wording of the bill can be found on the link below or call me to discuss your particular situation To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did

Friday, July 13, 2012

West Sacramento Short Sale – What is the best offer to Accept

Today let’s talk about what the best offer on a West Sacramento Short Sale looks like.

Right now inventory is very tight. There are many more buyer’s then seller’s causing multiple offers on most West Sacramento Short Sales. So with multiple offers, what is the best offer to accept you ask?

The answer is easy – the best West Sacramento Short Sale offer to accept is the offer that has the best chance of getting approved by the investor and as important has the best chance of closing escrow.

One of the tactics buyer agents use in a multiple offer situation is to make an offer way above the asking price to the point where there is really no chance the property will appraise for that value. They do this knowing the appraisal contingency is part of the contract and when the property doesn’t appraise for offered price they will ask for a price reduction.

In an equity sale or an offer on a bank owned property (REO) it’s not a bad strategy. In a West Sacramento Short Sale it can be a deal killer and here’s why. The investor is looking to mitigate their loss – as they should. We will work weeks and even months on getting the West Sacramento Short sale approved. Once the West Sacramento Short Sale is approved the investor will issue an approval letter with the specific NET they require. This net is based off the sales price minus any other fees and charges such as closing costs and commissions. When the buyers appraisal comes in short and they ask for a price reduction we are then tasked with going back to the investor to request the change. They don’t always say yes.

If the request is declined and escalations don’t work we are then faced with cancelling the deal and starting all over with a new buyer. The danger here is if we are close to a foreclosure auction date there may not be enough time to save the property from foreclosure.

By the same token we seldom if ever accept the lowest offer. The investor generally knows what the value of the property is. If the West Sacramento Short Sale offer is too low they will either decline the offer or counter to price closer to Fair Market Value. If the lowball buyer doesn’t agree to the new price we are then right back in the same boat having to start over.

What are we looking for in a West Sacramento Short Sale offer? We are looking for the offer closest to FMV and that has the best chance of getting approved and of closing escrow. Pure and simple.

Thursday, July 12, 2012

West Sacramento Short Sale Update – The Top 10 Legal Mistakes Sellers Make

Today let’s talk about the Top Ten Legal Mistakes Sellers Make according to the California Association of Realtors (CAR)

#1 Accepting the buyer with the highest offer without regard to the other contractual terms

#2 Not properly handling multiple offer situations with multiple buyers

#3 Not properly handling back up offers

#4 Entering into an agreement with no earnest money deposit from the buyer or a very small deposit

#5 Entering into an agreement before verifying the buyers financial ability to close escrow

#6 Not disclosing known material facts affecting the value or desirability of the property

#7 Not providing the buyer with legally required disclosures

#8 Not obtaining the buyers written acknowledgement of the disclosures

#9 Not considering whether to require the buyer to remove contingencies

#10 Not excluding items from the sale that the seller wants to keep.

A good West Sacramento Realtor will be able to help you avoid these pitfalls. Make sure you take time to interview at least two agents. So many times it is not the sale it’s what happens after the sale that can cause the harm

Short Sale by Eminent Domain

Only in America. According to DS News the County of San Bernardino is considering seizing over encumbered properties under the eminent domain clause. Now we all learned eminent domain in school as when a city county state or federal government would seize land “for the greater good of the community” such as expanding a road or building a highway.

This new loose interpretation of “greater good” would allow the cities of Ontario and Fontana to seize the property of underwater homeowners, paying the servicer fair market value – which in most cases would be far less than what was owed and in essence wipe out the underlying debt. The city would then own the property and be able to sell it back to whomever they like – presumably the current homeowner.

Many argue this could set a dangerous precedent where investors would start refusing to buy loans on properties in those cities. Remember, most banks don’t keep the loans they make. Generally they sell them to the secondary market like Fannie Mae, Freddie Mac, retirement funds and other large scale investment firms. If investors won’t buy the loans, lenders won’t make the loan and the housing market freezes up.

It will be interesting to see how this all plays out and of course we will keep you updated.

Showing your West Sacramento Short Sale Home

One of the hesitations many West Sacramento Short Sale homeowners have in a West Sacramento Short Sale is making the home available for showings prior to getting an offer and I can understand why. While there are a few cases where the West Sacramento Short Sale is more of a Strategic Default than a true hardship, for the most part, selling your home in a West Sacramento Short Sale is not a happy event. Yes they are happy about getting out from under the debt but really most folks would just like to stay if the payment was manageable.

So back to the comment: The answer is yes when you Short Sale your house you do have to show the property until we receive an offer.

Now there is more than one way to skin a cat so to say. In Sacramento County as in much of the country, inventory is scarce and interest rates are low. There are WAY more buyers than sellers. Now Realtors may not like my approach but truth be told my fiduciary is to my client, the seller and the seller alone. Look up the word client in the Dictionary. It says “one that is under the protection of another”. In a West Sacramento Short Sale as in any transaction I take that seriously. In a West Sacramento Short Sale to me it means shielding the client from unnecessary disturbances and disruptions to their already troubled lives.

To accomplish that we have resorted to either appointments only or the more favored 3 hour showing window. While this is not an effective tool in a neutral or buyer’s market, it certainly is effective in a strong seller’s market. During one of our showing windows we will typically have anywhere from 5-15 and as many as 30 agents and their clients come through. The small window creates an auction atmosphere and we generally receive multiple offers for the property. We make sure the date is posted well in advance and always hold it on a Saturday to allow the greatest number of agents and their clients to come through.

The results are our clients are disturbed the one day and then for only a couple of hours, we get multiple offers on the property and we are able to move forward with the getting the West Sacramento Short Sale into negotiations with the Bank as quickly as possible. To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did

California Home Owner Bill of Rights

Today let’s talk about the legislation recently passed by the California Senate and Assembly.

Sponsored by CA AG Kamala Harris the Foreclosure Reduction Act and Due Process Rights Act were passed by both houses and sent to Governor Brown where he is expected to sign them into law. If signed, both would take effect January 1 2013

The Foreclosure Reduction Act would prevent what is referred to as “Dual Tracking” in a loan Mod or West Sacramento Short Sale. Dual tracking is where a borrower is pursuing a Loan Modification and at the same time the lender or servicer is proceeding with the foreclosure. All too many times a home owner thought they were working on a loan mod or West Sacramento Short Sale only to be denied and lose the house in the same week. This law will prevent that type of action.

The Due Process Rights Act will require the lender or servicer to have one person or team for single point of contact. Meaning the borrower calling in to follow up on their loan mod would always speak to the same person with the anticipation of getting less run around.

While these may sound great, and I agree, if used property will be a good thing, there are always those who will game the system. To stall a auction date a borrower with no intention of getting a loan mod or West Sacramento Short Sale could initiate the process right before the foreclosure was to happen. Under this law the foreclosure would be stalled until a decision was made on the file which could take months. The new bill also allows for the borrower to file a law suit against the bank and if nothing else they would get their attorney fees paid for - a real boon for the trial attorneys.

It is a start and something needed to happen. There are those who say the law will make mortgages tougher to get in California and delay the housing slump for years to come. Only time will tell and we’ll keep you updated.

Tuesday, July 10, 2012

Who “WINS” in a West Sacramento Short Sale?

Today let’s talk about winners and losers in a West Sacramento Short Sale. So really, who wins and who loses in a West Sacramento Short Sale? I am here to tell you there are no loser’s only winners. Now Mike, you ask, doesn’t the bank lose because they lent money to the borrowers and any got a portion of it back? While that is true, by accepting a West Sacramento Short Sale the investor made 20%-30% more than if they foreclosed. Otherwise they would not do the short sale.

Another little known fact is that if the loan had mortgage insurance on it or MI, the insurance company paid part of the loan. Well then you say, didn’t the MI Company lose. Let me ask you – would you rather pay part of a claim or the entire claim? Part of the claim right? That’s the way the MI companies see it as well.

In a property executed West Sacramento Short Sale the homeowner wins by walking away from the debt, has the ability to avoid paying income taxes on the forgiven debt and has little or no out of pocket expenses. The bank, investor and MI Company wins because West Sacramento Short Sales net them more than a West Sacramento Foreclosure.

The City, County and neighborhood win because there is not another foreclosure on the block, the property sold for fair market value or better and someone is occupying the property and paying taxes. The economy wins because every time a house is sold jobs are created or maintained. There are inspectors, title and escrow employees, real estate agents and their employees, personnel at the county clerk’s office all getting paid as a part of the transaction and paying income taxes on those wages. With those people earning a living they are able to purchase goods and services from clothes to food to automobiles putting others to work all because of one West Sacramento Short Sale. The banks also hire employees to manage the transaction from their end. Those employees also pay taxes and purchase goods and services. The chain reaction is nearly limitless.

Who wins in a West Sacramento Short Sale? America – that’s who.

What Programs Are There to Help Me Keep West Sacramento Home?

Today let’s talk about what programs are available to help you keep your West Sacramento home?

There are cases where the homeowner realizes they owe more than their West Sacramento home is worth but want to stay for any number of reasons such as the payment is equal or cheaper than rent, they have children graduating school in the next year or two and don’t won’t to change school districts, their situation is temporary or any other number of typically emotional reasons. We have helped a number of folks stay in their home for just these reasons.

So let’s look at what is out there. Now keep in mind this is not an all-inclusive list but a generality and in every case the underlying investor has to be willing to participate.

HAMP – the Home Affordable Modification Program through the servicers offers loan modifications, refinancing under HARP I & II, principle reductions and forbearance. In each and every case you must have a verifiable hardship, your current payment must be greater than 31% of your gross monthly income and your investor must participate.

Chances of a principle reduction are remote and barely 5% of those who apply actually receive a full recast loan modification with 58% of those going back into default less than 9 months later.

The Keep Your Home California Programs include UMA which offers up to $27000 in assistance when you are temporarily unemployed, MRAP which offers up to $25,000 to help you get caught back up on your late payments, PRP which offers up to $100,000 towards a principle reduction and TAP for those times when the only alternative was short sale or foreclosure. This program offers up to $5,000 in relocation assistance. In all cases your house hold income must be 120% or less of the Adjusted Income medians for your specific county.

As mentioned before, each servicer and investor is different. For a better idea if one of these programs fits your situation give me a call and we’ll help you find out free of charge.

West Sacramento Short Sale Good Or Bad?

Today let’s talk about those times when a West Sacramento Short Sale is not the light at the end of the tunnel but an on-coming train. What you say? Mr. West Sacramento Short Sale has a negative to say about a West Sacramento Short Sale? Well those of you who have been following me for a while know that I am about truth. If a West Sacramento Short Sale is right for you I will say so. If it is a bad thing for you I will say that as well.

So when is a West Sacramento Short Sale a poor choice of action? When the numbers don’t make sense. You see, for me it is always about the numbers. Anytime the numbers don’t work to your favor then a West Sacramento Short Sale may not be the best course of action.

Here is one scenario: When you make your monthly house payment you currently get a tax deduction at the end of the year. If that deduction is $6,000 that is the equivalent of getting an extra $500 each month in your paycheck. No more house payment – no more interest deduction. If you situation is temporary a loan mod might be better short term.

How about if you have substantial assets and you are looking to short sale a rental just because it is upside down? Be real careful on this one. Make sure you talk to an attorney and tax professional first. Because it is not your principle residence and you are not insolvent, chances are good you will have to pay income taxes on the forgiven debt plus recapture any depreciation you may have claimed in prior years.

That’s just two scenarios where a West Sacramento Short Sale may do more damage than good. Always get an opinion from a qualified real estate attorney and tax professional with short sale and foreclosure experience. The small cost of the consult could save you thousands.

Recent West Sacramento Short Sale Statistics

Let’s talk about the alarming delinquency and foreclosure rates in Sacramento County.

In Sacramento County there are just over 550,000 single family residences and condos. Of those SFR & Condos EVERY MONTH nearly one out of every 234 households receives some type of foreclosure notice, be it a Notice of Default, Notice of Sale or actual foreclosure. That’s just over 2500 households every month.

What’s worse is that 54.3% of all Sacramento County households owe more on their property than it is worth – 54.3% - more than half! Of those 54.3% 9% are seriously delinquent. That means that there are approximately 27,000 households in Sacramento County that are in right now in danger of losing their home.

You want to know what is worse? 7 out of 10 will never seek advice or ask for help. Guys that’s criminal. There are so very many programs out there to help underwater borrowers a property should rarely be foreclosed on. If you or someone you know owes more than their home is worth, maybe late on their payments or even possible facing foreclosure – have them call me today. It’s just that important.