Hey, great news for
those with Wells Fargo loans that are in the middle of
a West Sacramento Short Sale or Deed in Lieu
of Foreclosure and did not previously qualify for relocation assistance. Wells
Fargo has recently signed up for the Keep Your
Home California Transition Assistance Program (TAP). With TAP
the qualifying homeowner can receive up to $5000 at the close of escrow when
they short sale their home. Previously if you did not qualify for HAFA chances were good you would not get
relocation assistance from Wells
Fargo – it all depended on who the investor was. FHA is one that comes to mind. They only
allow $750 - $1,000 for relocation assistance. Now through Keep Your
Home California you should be able to receive additional
assistance. Naturally for an FHA loan the Dept. of
Housing & Urban Development (HUD) will have the final say,
but there should be no reason for them to decline the assistance.
To qualify you must make
no more than 120% of the Affordable Housing Costs (AHC) for your county – in
Sacramento it is just under $92,000 for a family of four, the property has to
be owner occupied as their primary residence and are delinquent or in eminent
danger of default. There are a couple of other stipulations but those are the
biggies. Give me a call to see if you qualify or to see if a West Sacramento Short Sale is Right for you.
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.
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