West Sacramento Short Sale Specialist, Default Advocate, Distressed Property Expert and West Sacramento Short Sale Agent Mike Rigley here
bringing you the latest West Sacramento Short Sale Information. Thank you
for joining us.
In a Bank of America West Sacramento Short Sale – Do I have to miss a payment? Great
question and as is usually on a Bank of America Short Sale, the answer is maybe.
Once again, Bank of America, as is the case with many of the
lenders are usually just the servicer on the loan. They don’t actually own it.
The determination of whether you have to be late on not on a Bank of America Short Sale usually depends
on the lenders guidelines.
For the most part you
can get the Bank of America Short Sale done and not miss
a payment. Recently both Fannie and Freddie revised their guidelines to “Being
in default or eminent risk of default”.
Deciding to stay current
or not will pay into how long it takes before you can buy again. There are now
programs out there that will allow you to buy right away providing you did not
miss a payment. If your intention is to get right back into West Sacramento Real Estate then before
starting the West Sacramento Short Sale process, talk to
a qualified lender to find out exactly what the guidelines are for buying after
the Bank of America Short Sale.
The short answer is –
yes you can complete a Bank of America Short Sale and stay current
on your mortgage
Is a West Sacramento Short Sale Right for Me?
Give me a call and let’s find out. We also offer a short sale lease back program for those who
qualify allowing you to short sale and stay in your home. Call me
for details
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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