Find Foreclosure Help Online

Foreclosure Avoidance Options in Ventura County Camarillo, Moorpark, etc.

Sun, 19 Dec 2010 19:03:40 GMT

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Following is a brief explanation of these solutions:

Reinstatement

A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.

Forbearance or Repayment Plan

A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.

Mortgage Modification

A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.

Rent the Property

A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, can convert their property to a rental and use the rental income to pay the mortgage.

Deed-in-Lieu of Foreclosure

Also known as a "friendly foreclosure," a deed-in-lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.

Bankruptcy

Many have considered and marketed bankruptcy as a "foreclosure solution," but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.

Refinance

If a homeowner has sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.

Servicemembers Civil Relief Act (military personnel only)

If a member of the military is experiencing financial distress due to deployment, and that person can show that their debt was entered into prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers in relation to qualifying for this relief.

Sell the Property

Homeowners with sufficient equity can list their property with a qualified agent that understands the foreclosure process in their area.

Short Sale

If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.

This represents only a summary of some of the solutions available to homeowners facing foreclosure. Locate a CDPE in your area for an evaluation of your individual situation, property value, and possible options.

Understanding your options now could mean all the difference in the world.

A CDPE can help.

For more information on Short Sales and Foreclosure Prevention, visit our website at www.FindForeclosureHelpOnline.com

What is a Short Sale? Camarillo Newbury Park Thousand Oaks Somis Simi Valley Moorpark Short Sale Info

Sun, 19 Dec 2010 19:01:00 GMT

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

But to be technical, here's a more official definition:

A homeowner is 'short' when the amount owed on his/her property is higher than current market value.
A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.

For homeowners to qualify for a short sale, they must fall into all of the following circumstances:

Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. Find a CDPE in your area by clicking here. Together, you can identify all possible options and, when possible, a CDPE can assist you in the quick execution of a short sale transaction.

For more information on Short Sales and Foreclosure Prevention, visit our website at www.FindForeclosureHelpOnline.com

California Foreclosure Law Summary (Ventura County Specialists)

Sun, 19 Dec 2010 18:57:55 GMT

California Foreclosure Law Summary

Stop California Foreclosure

For more information on Short Sales and Foreclosure Prevention, visit our website at www.FindForeclosureHelpOnline.com

Quick Facts

- Judicial Foreclosure Available: Yes

- Non-Judicial Foreclosure Available: Yes

- Primary Security Instruments: Deed of Trust, Mortgage

- Timeline: Typically 120 days

- Right of Redemption: Varies

- Deficiency Judgments Allowed: Varies

In California, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.

Judicial Foreclosure

The judicial process of foreclosure, which involves filing a lawsuit to obtain a court order to foreclose, is used when no power of sale is present in the mortgage or deed of trust. Generally, after the court declares a foreclosure, your home will be auctioned off to the highest bidder.

Using this type of foreclosure process, lenders may seek a deficiency judgment and under certain circumstances, the borrower may have up to one (1) year to redeem the property.

Non-Judicial Foreclosure

The non-judicial process of foreclosure is used when a power of sale clause exists in a mortgage or deed of trust. A "power of sale" clause is the clause in a deed of trust or mortgage, in which the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of the their default. In deeds of trust or mortgages where a power of sale exists, the power given to the lender to sell the property may be executed by the lender or their representative, typically referred to as the trustee. Regulations for this type of foreclosure process are outlined below in the "Power of Sale Foreclosure Guidelines".

Power of Sale Foreclosure Guidelines

If the deed of trust or mortgage contains a power of sale clause and specifies the time, place and terms of sale, then the specified procedure must be followed. Otherwise, the non-judicial power of sale foreclosure is carried out as follows:

A notice of sale must be: 1) recorded in the county where the property is located at least fourteen (14) days prior to the sale; 2) mailed by certified, return receipt requested, to the borrower at least twenty (20) days before the sale; 3) posted on the property itself at least twenty (20) days before the sale; and 4) posted in one (1) public place in the county where the property is to be sold.

The notice of sale must contain the time and location of the foreclosure sale, as well as the property address, the trustee's name, address and phone number and a statement that the property will be sold at auction.

The borrower has up until five days before the foreclosure sale to cure the default and stop the process.

The sale may be held on any business day between the hours of 9:00 am and 5:00 pm and must take place at the location specified in the notice of sale. The trustee may require proof of the bidders ability to pay their full bid amount. Anyone may bid at the sale, which must be made at public auction to the highest bidder. If necessary, the sale may be postponed by announcement at the time and location of the original foreclosure sale.

Lenders may not seek a deficiency judgment after a non-judicial foreclosure sale and the borrower has no rights of redemption.

More information on California foreclosure laws.

Ventura County Mortgage Resources LINKS (Camarillo, Moorpark, etc.)

Sun, 19 Dec 2010 18:55:26 GMT

Useful Links

Mortgage Modification Resources

The Home Affordable Refinance Program
www.MakingHomeAffordable.gov

HOPE NOW
www.HopeNow.com

Fannie Mae Loan Lookup
http://loanlookup.fanniemae.com/loanlookup/

Freddie Mac Loan Lookup
https://ww3.freddiemac.com/corporate

HUD Approved Counselors

Catholic Charities USA©
www.catholiccharitiesusa.org

Citizens' Housing and Planning Association, Inc.
www.chapa.org

Consumer Credit Counseling Service of Atlanta™
www.cccsatl.org

HomeFree-USA©
www.homefreeusa.org

Homeownership Preservation Foundation©
www.995hope.org

The Housing Partnership Network©
www.housingpartnership.net

Mission of Peace Housing Counseling Agency©
www.missionofpeace.com

Mississippi Homebuyer Education Center©
www.mhbec.com

The Mon Valley Initiative
www.monvalleyinitiative.com

Money Management International, Inc.©
www.moneymanagement.org

National Council of La Raza
www.nclr.org

National Federation of Community Development Credit unions
www.cdcu.coop

National Foundation for Credit Counseling©
www.nfcc.org

The National Urban League©
www.nul.org

NeighborWorks® America
www.nw.org

Neighborhood Assistance Corporation of America© (NACA)
www.naca.com

Rural Community Assistance Corp.
www.rcac.org

Structured Employment Economic Development Co.
www.seedco.org

Question: Can you tell me what HAFA is and what it means for homeowners?

Wed, 19 May 2010 22:19:36 GMT

Question: Can you tell me what HAFA is and what it means for homeowners?

- HAFA, or Home Affordable Foreclosure Alternatives, is part of the Making Home Affordable Program aimed at helping homeowners during this current economic crisis, specifically through short sales and deeds-in-lieu.

- HAFA’s ultimate goal is to provide homeowners with real solutions to an unaffordable mortgage.

- The program offers homeowners $3,000 to avoid foreclosure through a successful short sale or deed-in-lieu.

- In these foreclosure alternatives, the lender agrees to forgive the remaining mortgage debt in exchange for either the deed to the house or whatever amount the borrower can sell their house for.

- Short sales have historically taken up to six months or more to be completed; so another component of HAFA is setting deadlines for the lender to respond, making the process quicker and less burdensome.

- As another protection for homeowners, HAFA prohibits the lender from pursuing what is called a deficiency judgment, meaning the lender cannot pursue a homeowner for the remaining loan balance once the short sale or deed-in-lieu has been completed.

- By combining all of these components, HAFA makes short sales more appealing to all involved parties and ensures a quick, efficient processing time so that homeowners can move on with their lives.

- Keep in mind that homeowners do have to meet specific qualifications to participate in HAFA, so they will need to contact a qualified real estate agent to find out if they are eligible—preferably an agent who is extremely familiar with the short sale process and the HAFA guidelines.

For more information on Short Sales and Foreclosure Prevention, visit our website at www.FindForeclosureHelpOnline.com or call today: 805.405.0930 (Barry Shapiro, CDPE)

Mortgage Servicer List - Making Home Affordable

Wed, 19 May 2010 22:04:32 GMT

Mortgage Servicer List - Making Home Affordable

Once you have determined if you are eligible for a Home Affordable Refinance or Modification, the next step is to contact your mortgage servicer to discuss your situation. A wide array of servicers have agreed to participate in the Home Affordable Modification program and have already engaged borrowers and expanded capacity to begin the modification process for eligible homeowners. In addition, all servicers for loans owned by Fannie Mae and Freddie Mac are required to participate. Visit the Loan Look Up to determine if your loan is held by Fannie Mae or Freddie Mac. The following is a list of servicers who have formalized their commitment to the program through a signed contract:

Search for Your Mortgage Servicer below:

Name	Web Site	Phone	Service Address	Fax
Allstate Mortgage Loans & Investments, Inc.	http://www.allstateocala.com/	866-351-0200	P.O. 1201, Crystal River, FL 34423	352-351-4557
American Eagle Federal Credit Union	www.americaneagle.org	800-842-0145	Attention: Loss Mitigation 1 Corporate Drive Lake Zurich, IL 60047	847-574-7658
American Home Mortgage Servicing, Inc.	www.ahmsi3.com	877-304-3100	Attn: HAMP Processing 1525 S. Belt Line Road Coppell, TX 75019	866-452-1837
AMS Servicing, LLC	www.ams-servicing.com	866-919-5608	3374 Walden Avenue Buffalo, NY 14043	716-204-3875
Aurora Loan Services LLC	https://www.myauroraloan.com/	800-550-0508	P.O. Box 1706 2617 College Park Scottsbluff, NE 69363-1706	866-517-7975
Bank of America, N.A.	www.bankofamerica.com/mha/	800-669-6607	MHA Escalations Unit PO Box 940070 Simi Valley, CA 93094-0070	800-658-0395
Bank United	http://www.bankunited.com/display.asp?navid=&id=117	866-615-0662	Attn: Modification Department Mail Code: DO4-RESALT-560 7815 N.W. 148th Street Miami, FL 33016
Bay Federal Credit Union	http://www.bayfed.com/lo/mortgage.html	888-422-9333	3333 Clares Street Capitola, CA 95010	831-479-6027
Bay Gulf Credit Union	http://www.baygulf.com	800-275-4229	3202 W. Waters Ave, Tampa, FL 33614 Tampa, FL 33614	813-932-3470
Bayview Loan Servicing, LLC	www.bayviewloanservicing.com	800-457-5105	Attn: Specialized Asset Management 4425 Ponce De Leon Blvd., 5TH Floor Coral Gables, FL 33146	877-360-9593 or 305-646-9943
CCO Mortgage	www.ccomortgage.com	877-745-7366	10561 Telegraph Road Glen Allen, VA 23059	888-777-1631
Carrington Mortgage Services, LLC	www.carringtonms.com	888-267-2417	Attention: Home Retention P.O. Box 54285 Irvine, CA 92619-4285	877-267-1331
Central Florida Educators Federal Credit Union	www.mycfe.com	800-771-9411	P.O. Box 958471 Lake Mary, Florida 32795-9814 Attn: Real Estate - HAMP Team	407-893-5727
Central Jersey Federal Credit Union	www.cjfcu.org	732-634-0600	380 Berry St Woodbridge NJ 07095	732-726-8709
Chase Home Finance LLC	http://www.chase.com/myhomep	866-282-5682	Regular Mail: PO Box 469030 Glendale, CO 80246 Overnight Mail Attn: Chase Fulfillment Center 4500 Cherry Creek Drive South Suite 410 Glendale, CO 80246	866-282-5682
Community Bank & Trust Company	www.combk.com		125 N. State Street, Clarks Summit, PA 18411
CitiMortgage, Inc.	www.mortgagehelp.citi.com	866-915-9417	Citi Ham Trial Agreements NTSB 1680, 680 Colwell Blvd Irving, TX 75039	866-963-0652
Citizens 1st National Bank	https://www.citizens1st.com/	800-311-7531	606 S. Main Street Princeton, IL 61356	815-872-0247
Citizens First Wholesale Mortgage Co.	https://www.cfwmortgage.com/	800-477-1086	560 Fieldcrest Drive The Villages, FL 32162	352-753-4482
Countrywide Home Loans Servicing LP	http://my.countrywide.com/media/hasp.html	800-669-6607	PO Box 940070, Simi Valley, CA. 93094-0070	800-596-8395
CUC Mortgage Corporation	www.cucmortgage.com	800-342-4998	P.O. Box 12670 Albany, NY 12212	N/A
DuPage Credit Union	www.dupagecu.com	800-323-2611	Attn: Alternative Loan Solutions P O Box 3930 Naperville, IL 60567	630-305-6030
EMC Mortgage Corporation	http://www.emcmortgagecorp.com	800-723-3004	Regular Mail Chase/EMC Fulfillment Center PO Box 293150 Lewisville, TX 75029 Overnight Mail Chase/EMC Fulfillment Center 2780 Lake Vista Drive Lewisville, TX 75067	917-849-2677
Eaton National Bank & Trust Co	www.enbbank.com	937-456-5544	110 West Main Street, Eaton, OH 45320	937-456-6847
Farmers State Bank	https://farmersstate-oh.com	800-350-2844	11 S. Main St., P.O.Box 801, West Salem, OH 44287	419-853-4730
Fidelity Homestead Savings Bank	http://www.fidelityhomestead.com	504-569-3490	201 St. Charles Ave, 20th Floor New Orleans, LA 70170	504-569-3537
First Bank	http://www.firstbanks.com	800-760-2265	1 First Missouri Center St. Louis, MO 63141	314-264-0220
First Federal Savings and Loan of Port Angeles	https://www.ourfirstfed.com/home/home		PO Box 351 Port Angeles, WA 98362 Attn: Collection Department	360-457-5194
First National Bank of Grant Park	http://www.1st-nationalbank.com/	815-465-2161	119 N Main Street, Grant Park, IL 60940	815-465-6245
First Keystone Bank	http://www.firstkeystonebankonline.com	610-565-6210	22 West State Street Media, PA 19063	610-892-5122
Franklin Credit Management Corporation	http://www.franklincredit.com/	800-255-5897	Attn: Loss Mitigation 101 Hudson Street 25th Floor Jersey City, NJ 07302	201-839-4545
Fresno County Federal Credit Union	http://www.fresnocfcu.com/	800-613-2328	4979 E. University Ave Fresno, CA 93727	559-451-2496
Glass City Federal Credit Union	www.glasscityfcu.com	800-837-3595	1340 Arrowhead Drive Maumee, OH 43537	419-887-1099
Glenview State Bank	www.gsb.com	847-729-1900	800 Waukegan Road, Glenview, IL 60025	847-832-0199
GMAC Mortgage LLC	www.gmacmortgage.com	800-766-4622	2711 North Haskell Ave, Suite 900 Dallas, TX 75204	866-709-4744
Golden Plains Credit Union	www.gpcu.org	877-775-8175	1135 College Drive, Suite C, Garden City, KS 67846	620-276-8072
Grafton Suburban Credit Union	www.graftonsuburban.com	508-839-5493	86 Worcester Street, North Grafton, MA 01536	508-839-5750
Great Lakes Credit Union	www.glcu.com	800-442-3488
Greater Nevada Mortgage Services	http://www.gnms.com/	800-421-6674	4070 Silver Sage Drive, Carson City, NV 89701	775-884-7041
Green Tree Servicing LLC	www.gtservicing.com	800-643-0202	7360 S Kyrene Road T214 Tempe, AZ 85283	877-265-9717
Hartford Savings Bank	http://www.hartfordsavingsbank.com	800-844-3812	1400 Schauer Drive, Hartford,WI 53027	262-673-0459
Hillsdale County National Bank	www.countynationalbank.com	517-439-6121	One South Howell Street Hillsdale, MI 49242	517-437-3151
HomEq Servicing	www.homeq.com	877-867-7378	P.O. Box 160248 Sacramento, CA 95816-0248	866- 554-5325
HomeStar Bank and Financial Services	www.homestarbank.com	815-468-2265	3 Diversatech Dr., Manteno, IL 60950	815-468-2378
Home Loan Services, Inc.	www.viewmyloan.com	800-622-5035	Loan Services P.O. Box 1838 Pittsburgh, PA 15230-1838	412-499-3400
Horicon Bank	www.horiconbank.com	920-485-3080 ext.7310	326 E Lake Street, PO 126 Horicon, WI 53032	920-485-3059
Horizon Bank, NA	www.accesshorizon.com	888-873-2640	515 Franklin Square, Michigan City, IN 46360	219-874-9374
Iberiabank	www.iberiabank.com	800-968-0801	1680 Fruitville Rd. Sarasota, FL 34236	941-556-5821
IBM Southeast Employees Federal Credit Union	www.ibmsecu.org	800-873-5100	Attn: Mortgage Modifications PO Box 2850 Kennesaw GA 30156	678-797-6329
IC Federal Credit Union	http://www.iccreditunion.org	800-262-1001	Attn: Judy Kaddy 300 Bemis Road Fitchburg, MA 01420	978-343-4949
Idaho Housing and Finance Association	www.ihfa.org		PO Box 7899 Boise, Idaho 83707	208-331-4800
iServe Residential Lending, LLC	http://www.urlending.com	1-888-875-8326	13520 Evening Creek Drive Suite 400, San Diego, CA 92128	1-480-614-6710
iServe Servicing Inc.	http://www.iservecompanies.com/	1-214-496-9500	222 W. Las Colinas Blvd. Suite 1252E, Irving, TX 75039	1-214-496-9501
J.P. Morgan Chase Bank, NA	http://www.chase.com/myhomep	866-550-5705	Regular Mail: PO Box 469030 Glendale, CO 80246 Overnight Mail Attn: Chase Fulfillment Center 4500 Cherry Creek Drive South Suite 410 Glendale, CO 80246	866-282-5682
Lake City Bank	www.lakecitybank.com	888-522-2265	ATTN: Candy Little PO BOX 1387 Warsaw, IN 46581-1387	574-267-9128
Lake National Bank	www.lakenationalbank.com	440-205-8100	PO Box 1048 Mentor, Ohio 44061-1048	N/A
Lender Business Processing Services (LBPS)	www.LBPS.com	866-570-5277	PO Box 4121 Beaverton, OR 970976-4121	877-649-0743
Litton Loan Servicing	www.littonloan.com	800-247-9727	4828 Loop Central Drive Houston, TX 77081	713-793-4923
Los Alamos National Bank	www.lanb.com	800-684-5262	PO Box 60 Los Alamos NM 87544	505-663-4053
Marix Servicing, LLC	www.marixservicing.com	866-406-2749	1925 W. Pinnacle Peak Road Phoeniz, AZ 85027	623-249-2070
Midwest Bank and Trust Co.	http://www.midwestbank.com/	708-456-4700	1606 N. Harlem Avenue, Elmwood Park, IL	708-456-4775
Mission Federal Credit Union	www.missionfcu.org	800-500-6328 x2074	PO Box 919023 San Diego, CA 92121 Attn: Loss Mitigation	858-546-2058
Metropolitan National Bank	https://www.metbank.com/default.asp	866-796-3876	Attn: Mortgage Department P.O. Box 8010 Little Rock, AR 72203	501-907-8709
MorEquity, Inc.	www.morequity.com	800-441-3805	1) PO Box 3788 Evansville IN 47736-9984 2) 601 NW Second Street, Evansville IN 47708	812-475-7074
Mortgage Center, LLC	www.mortgagecuso.com	866-856-3750	20300 Civic Center Dr, # 403 Southfield, MI 48076	248-799-8556
Mortgage Clearing Corporation	www.mortgageclearing.com	800-727-9043
National City Bank	www.pncmortgage.com	800-523-8654	3232 Newmark Drive Miamisburg, OH 45342	937-910-4009
Nationstar Mortgage LLC	www.nationstarmtg.com	888-850-9398	Attn: HAMP 350 Highland Drive Lewisville, TX 75067	214-488-1993
Navy Federal Credit Union	www.navyfederal.org	1-888-842-6328	3820 Follin Lane S.E Vienna, VA 22180	1-703-206-3055
Oakland Municipal Credit Union	www.omcu.com	510-637-6600	250 Frank H. Ogawa Plaza Suite 6301 Oakland , CA 94612	510-238-5227
Ocwen Financial Corporation, Inc.	www.ocwencustomers.com	800-746-2936	16661 Worthington Rd Ste 100 West Palm Beach, FL 33409	407-737-6174
OneWest Bank	www.owb.com/mymortgage	800-781-7399	Indymac - 1, 2900 Esperanza Crossing Austin, TX 78758	866-235-2366
ORNL Federal Credit Union	www.ornlfcu.com/	800-676-5328	Attn: Mortgage Modification Dept 221 S. Rutgers Avenue Oak Ridge, TN 37830	865-481-5810
Park View Federal Savings Bank	www.parkviewfederal.com	440-914-3900	30000 Aurora Road, Solon, OH 44139	440-914-3656
PennyMac Loan Services, LLC	www.pnmac.com/index.php	866-545-9070	Attn: Karen Denton 27001 Aguora Road, Suite 350 Calabasas, CA 91301 Attn: Karen Denton	818-224-7510
PNC Bank, National Association	www.pncmortgage.com	800-523-8654	3232 Newmark Drive Miamisburg, OH 45342	937-910-4009
Purdue Employees Federal Credit Union	www.purdueefcu.org	800-627-3328	P.O. Box 1950 West Layette IN 47996-1950	765-497-7477
Q lending, Inc.	www.qlending.com	517-439-6121	1 Corporate Drive, Suite 360 Lake Zurich, IL 60047	847-574-7658
Quantum Servicing Corporation	www.quantum-servicing.com	813-371-0270	6302 E. MLK Blvd., Suite 300 Tampa, FL 33619	N/A
RG Mortgage Corporation	www.rgmortgage.com/mortgage	888-264-4674	PO Box 362394 San Juan, PR. 00936-2394	787-756-2845
Residential Credit Solutions		800-737-1192	4282 North Freeway Fort Worth TX 76137	888-775-7250
Roebling Bank	http://www.roeblingbank.com/	609-668-6500	Route 130 & Delaware Avenue, Roebling , NJ 08554	609-668-6255
RoundPoint Mortgage Servicing Corporation	www.rpmservicing.com/	877-426-8805	P.O. Box 19409 Charlotte, NC 28219-9409	888-364-5558
Saxon Mortgage Services	www.saxononline.com	800-594-8422	Saxon Attention: Home Preservation HMP Documentation Department 4708 Mercantile Drive North Fort Worth, TX 76137	888-240-1885
Schools Financial Credit Union	www.schools.org	800-962-0990	C/O Real Estate Department 1485 Response Rd Suite 126 Sacramento CA, 95815	916-569-2047
SEFCU	www.sefcu.com	866-733-2880	700 Patroon Creek Blvd Albany, NY 12206	518-464-5213
Select Portfolio Servicing	www.spservicing.com	888-818-6032	PO BOX:65250 Salt Lake City, UT 84165-0250 3815 S. West Temple Salt Lake City, UT 84107	801-293-3936
Servis One Inc.,dba BSI Financial Services, Inc	www.bsifinancial.com	866-209-4178	Attn: HAMP Department P.O. Box 517, 314 S. Franklin Street, Titusville, PA 16354	814-217-1366
ShoreBank	www.sbk.com	800-905-7725	Attn: Kenisha Davis 3401 South King Drive, Chicago, IL 60466	773-420-4501
Silver State Schools Credit Union	www.silverstatecu.com	800-357-9654	1 Corporate Drive Suite 360 Lake Zurich, IL 60047	847-574-7658
Sound Community Bank	www.soundcb.com	800-458-5585 ext 362	2005 5th Ave., Seattle, WA 98121	866-216-3405
Specialized Loan Servicing, LLC	http://www.sls.net/	800-315-4757	8742 Lucent Blvd., Suite 300, Highlands Ranch, CO 80129	720-241-7526
Spirit of Alaska Federal Credit Union	www.spiritofak.com	907-459-5974	Mortgage Dept 1417 Gillam Way Fairbanks, AK 99701	907-459-5980
Stanford Federal Credit Union	www.sfcu.org	888-723-7328	Attn: Tram Le 1860 Embarcadero Road Palo Alto, CA 94303	866-743-3151
Sterling Savings Bank	www.sterlingsavingsbank.com	800-772-7791	Attn: Tram Le 111 N. Wall, Spokane, WA 99201	509-624-8038
Tempe Schools Credit Union	www.tscu.org	480-967-9475	2800 S. Mill Ave., Tempe, AZ 85282	480-776-3729
Technology Credit Union	www.techcu.com	800-553-0880	2010 N First Street San Jose, CA 95131 Attn: LAD	408-453-8742
The Golden 1 Credit Union	http://www.golden1.com/	800-553-0880	8945 Cal Center Drive Sacramento, CA 95826	408-453-8742
United Bank	http://www.bankunitedwi.com	1-715-835-6865	3625 Gateway Dr. Eau Claire, WI 54701	715-835-6870
United Bank Mortgage Corporation	www.unitedbankofmichigan.com	800-968-1990	900 East Paris SE, Grand Rapids MI 49546	616-559-4631
Urban Trust Bank	http://www.urbantrustbank.com/	1-407-732-5698	400 Colonial Center Parkway, Lake Mary FL 32789	1-407-732-5698
U.S. Bank National Association	www.usbank.com	866-932-0462	P.O. BOX 20005 OWENSBORO, KY 42304-0005	N/A
Vantium Capital, Inc.	http://www.acqura.net	866-660-5804	6500 International Parkway Suite 1500 Plano, TX 75093	972-444-3356
Verity Credit Union	http://www.veritycu.com	800-836-8172	CU Home Mortgage Solutions PO Box 75989 Seattle, WA 98175	206-361-5300
Visit Financial Corp.	www.vistfc.com		1240 Broadcasting Rd. Wyomissing, PA 19605
Wachovia Mortgage, FSB	www.wachovia.com	800-922-4684	4101 Wiseman Blvd Mailcode TX 1616 San Antonio, TX 78251	866-359-7363
Wachovia Bank, NA	www.wachovia.com	800-922-4684	1000 Blue Gentian Road Suite 300 Eagan MN 55121	866-359-7363
Wealthbridge Mortgage Corp.	www.wealthbridge.com	866-702-4865	15455 NW Greenbrier Pkwy, Ste 111, Beaverton, OR 97006	503-597-7518
Wells Fargo Bank, NA	www.wellsfargo.com/homeassist	800-678-7986	HAMP Application Documents 1000 Blue Gentian Road Suite 300 X9999-01N Eagan MN 55121 Customer Service Correspondence PO Box 10335 MAC: X2302-017 Des Moines, IA 50306	866-359-7363
Wescom Central Credit Union	www.wescom.org	888-493-7266	5601 E. La Palma Avenue Anaheim, CA 92807	626-535-1357
Wilshire Credit Corporation	https://www.wcc.ml.com	888-502-0100	PO Box 8517 Portland, OR 97207-8517	888-917-1050
Yadkin Valley Bank	www.yadkinvalleybank.com	336-258-6252	PO Box 96 Pfafftown, NC 27040	336-258-6252

Search for your mortgage servicer here:

http://www.makinghomeaffordable.gov/contact_servicer.html

We will continue to update this list as additional servicers execute formal participation agreements. If your servicer is not listed, please bookmark this page and check back with us soon. In the interim, you can locate your servicer by reviewing the information on your monthly mortgage statement or find a list of servicers on the Hope Now Alliance website.

For more information on Short Sales and Foreclosure Prevention, visit our website at www.FindForeclosureHelpOnline.com

Ventura County Mortgage Modification Resources

Wed, 19 May 2010 21:55:14 GMT

Useful Links

Mortgage Modification Resources

HUD Approved Counselors

Catholic Charities USA©
www.catholiccharitiesusa.org

Citizens’ Housing and Planning Association, Inc.
www.chapa.org

Consumer Credit Counseling Service of Atlanta™
www.cccsatl.org

HomeFree-USA©
www.homefreeusa.org

Homeownership Preservation Foundation©
www.995hope.org

The Housing Partnership Network©
www.housingpartnership.net

Mission of Peace Housing Counseling Agency©
www.missionofpeace.com

Mississippi Homebuyer Education Center©
www.mhbec.com

The Mon Valley Initiative
www.monvalleyinitiative.com

Money Management International, Inc.©
www.moneymanagement.org

National Council of La Raza
www.nclr.org

National Federation of Community Development Credit unions
www.cdcu.coop

National Foundation for Credit Counseling©
www.nfcc.org

The National Urban League©
www.nul.org

NeighborWorks® America
www.nw.org

Neighborhood Assistance Corporation of America© (NACA)
www.naca.com

Rural Community Assistance Corp.
www.rcac.org

Structured Employment Economic Development Co.
www.seedco.org

Short Sale Facts for Ventura County Homeowners (Pre-Foreclosure Primer)

Sat, 24 Apr 2010 23:23:38 GMT

Ventura County Short Sale Specialists present:
Short Sale Facts
Understand Why a Short Sale can help you!

Completing a real estate short sale is one of the most difficult transactions in all of real estate. It is important to know that the company and team you hire to complete this process for you have expertise in this area.

We found it beneficial to make sure our clients know what is going to happen throughout the process. Below are the most common questions that have been asked by our clients. If you are speaking with others and they can't answer the questions below, we recommend seeking another opinion.

We have also included sample forms so you can see what they may look like. The forms are not to replace what your bank has sent you. They are only given to illustrate the type of documents that you may see from your lending institution.

What is a Short Sale?
A short sale in real estate is selling a property for less than is owed on the property. For example:

Loan Amount: $450,000
Market Value of Real Estate: $375,000

In the above example the property is at a minimum upside down $75,000. In order to get the bank to take an offer at $375,000 a team of experts who specialize in negotiations with banks and marketing short sale properties to the real estate community are needed. That is exactly the expertise of Team VC Online of Keller Williams Realty

Common Questions
How long does it take?
o Banks used to take up to 60 days to give an official approval of an offer once it is received. This process can be improved by communication with the bank by your representation plus the new HAFA guidelines. Open and consistent communication is what improves the process.
o Ensuring that the required paperwork by the bank is correctly filled out increases acceptance by over 45%. Some banks will destroy any application that is even off by one item. Our team ensures that your paperwork is correctly filled out the first time so you have the greatest chance at acceptance.

How long do I have until I have to move out?
o The bank is required to let you know when they have filed the notice of default with the county recorders office for the county you are in. The majority of banks do this after you have become 90 days late on your mortgage or 3 consecutive mortgage payments. From this time the earliest a sale date can be set is 90 days from that date. So you may not have to move out until 90 days after your third missed payment. Please don't wait this long before consulting with us.

What are the consequences of doing a short sale?
o Completing a successful short sale will mean that you will not have a foreclosure reported on your credit. This will also mean that on lending applications where it asks if you have had a property foreclosed upon you will be able to answer no. This is one of the single best consequences of doing a short sale. By requesting a short sale with your lender or having a team such as us do this work for you the number of calls you receive will be reduced by over 50%, or eliminated entirely.

What happens if it doesn't work?
o If your property does not sell as a short sale it may end up being foreclosed upon by the bank.
o It is of the utmost importance to get the bank an offer to review so that they can decide how they can best help you and to accept the offer you have received. It is for this reason that you need to have a real estate team who specializes in short sales present to the bank on your behalf.

What kind of information will the bank ask for?
o Each bank has their own separate set of forms that they can ask to be filled out. In fact if you have two loans the amount of information can be different between both banks. The types of information that can be asked for as follows:
¥ Signed hardship letter
¥ Copies of last several paychecks for all owners of the property
¥ Copies of P&L statements if you are self employed
¥ Complete financial form Each bank has their own standard
¥ Copy of Tax Returns
¥ Copy of Bank Statements
¥ Copy of Investment Account Statements
¥ Copy of Listing Agreement
¥ Estimated net sheet
¥ Identification of liens on property
o Our team will guide you through all of the requirements regardless of which bank and which form that is required.

What is a hardship letter?
o A hardship letter is a statement of how you and your family got behind on your payments. Banks are people too and they need to know what happened in order to help you out in the best possible manner. Events that should be included in
a hardship letter are as follows:
¥ Loss of Job
¥ Loss of overtime or income from a job
¥ Family issues pending divorce, medical bills, other family issues
o This is one of the main pieces of information that the bank uses in order to make its decisions off of. It is important that it is truthful and explains what happened to the fullest extent possible.

What if I have declared bankruptcy?
o Bankruptcy can delay a sale of your home at a trust sale. Your bankruptcy attorney may have additional advice for you and our team is proficient at communicating with your legal representation.
o If you have declared bankruptcy please let us know and give them your attorneys information so we may be in contact with them.
What about bankruptcy?
o Bankruptcy can delay the sale of your home. Please refer to your legal representation for detailed questions on bankruptcy.

What do I do with letters from the bank?
o Read, review, and get a copy of them to Team VC Online. These letters contain different pieces of information and it is critical to review all of them as they may have legal consequences to them. Banks can send you letters in regards to the following:
¥ Loan Modifications - They can modify your loan so that the payment is more affordable for you and your family.
¥ Loan forbearance This is a temporary adjustment by the bank of the requirement to pay your mortgage. They can do this for reasons such as health, job, or family issues. The amount that you do not pay is generally added to your loan balance or spread out over multiple payments.

What do I do about people offering to buy my house if I just sign the deed over to them?
o Unfortunately there are many individuals out there who do not care about helping home owners in a time of need. They in fact only care about being able to profit from your situation. Our recommendation is that you make sure to have a real estate professional look at anything prior to signing any offer from one of these individuals. If the person has a legitimate offer they will not care who reviews the offer. Do not sign over the deed and beware of Investor Option Contracts.

How do I choose someone to represent me on a short sale?
o The team that you select first of all needs to have the expertise and training necessary in order to complete a short sale transaction.
o The team should be experienced with loss mitigation negotiations.
o The representatives should be able to tell you up front if they can help you and what they are going to be doing for you.

Shouldnt I just call my local realtor who markets in the area?
o Unfortunately 80-85% of real estate professionals are not trained on how to handle a property where more is owed than the property is worth. They are not trained in negotiations and not trained on how to deal with the banks and the banks representatives.
o Agents need to have specialized training in order to complete this process so as to prevent further action by the bank against you. In addition agents need to have a deep understanding of the process and be able to explain the value to the bank of working with the home owner.

Are all short sales the same?
o No. It would be great if they were as it would make things easier for home owners. Any team who has helped both buyers and sellers of short sale properties will tell you that not all short sales are created equal. Success on short sales depends on a variety of reasons:
¥ Uncooperative banks
¥ Inadequate disclosure by the seller
¥ Poorly prepared buyer
¥ Banks delays
¥ Poor communication by listing agent with bank
¥ Buyers back out
¥ Seller fails to cooperate

Will I get a 1099 for the difference between the sale price and what I owe?
o Yes. Each bank is different and the vast majority of banks will send you a 1099 for the difference. The difference or shortage may be forgiven under the Mortgage Debt Relief Act. We recommend you contact your tax advisor for assistance. Read more updated info at www.FindForeclosureHelpOnline.com

Why shouldn't I just let the home go to foreclosure?
o Your credit! Foreclosure is one of the biggest damages to your credit that can be done. You will have to disclose the fact that you had a foreclosure every time you try and purchase a new property in the future no matter how long it has been since you had the foreclosure.

Why is having a team working for me important?
o Specialization. You don't go to a regular dentist for oral surgery, you go to a specialist. Teams have specialists in each area. We are certified distressed property experts, who have administrative personal, trained to handle all aspects of short sales.
o Teams cost no more than a single agent and you get more people for the same price ($0.)

What do you cost?
o The bank decides. Since the bank is losing money on the transaction they will decide what our team gets paid. The most important thing in this process is you the home owner and we hope to help you next time with a buy or purchase.

Is it better or worse if I have two loans?
o It depends. Having two different lenders is one of the hardest short sales that can be done. It depends on how each bank has viewed the transaction and how they have both been communicated with during the entire process.

Is communication important & do I still have to keep calling the bank?
o Yes and Not with us! The number one reason for foreclosure is a lack of communication. We stop this from happening because we do the communication for you. You have a job but this is our job! We get authorization to speak to the lender on your behalf. We take care of the communication and make sure you stay informed of what is happening.

How do I know what is going on?
o We communicate with you at a minimum of twice every week on Tuesday and Fridays via phone and twice to 3 times a week during escrow. You also receive e-mail communication from our team.

Why should I use Team VC Onine to handle my transaction?
o We choose you; we chose to work with clients we believe we can help. Our experience and success in short sale negotiations allows us to identify the clients we can help. If we dont believe we can help you we will tell you right away.

What if I have a prepayment penalty?
o Let us worry about that for you so you can get back to your life.

Can the bank come after me or do they just get my property?
o We specialize in negotiating with the bank and making sure they understand that working with us and you is in everyone's best interest. The bank can ask for more information or seek other means to get payment if you have lied on your mortgage application and may or may not do this depending on the situation. If you believe you may have lied on your mortgage application please tell us. Our goal is to make sure the bank works with us and you to resolve this stressful situation. Read more about the new HAFA program at www.FindForeclosureHelpOnline.com

Why would a bank agree to do this dont they just want my home?
o The bank doesnt want to own your home. The foreclosure process is a very expensive process for the bank to carry out. There are legal fees, property fees, court fees, and additional staff required by the bank to handle foreclosures for a bank. Their goal is to prevent properties from going into foreclosure.

Cant' I just do this all myself?
o You could, but would you go to court without a lawyer if the side that was facing you had 15 lawyers? The fact is that this is a complicated real estate transaction with a large lending institution. This process can take 100s of hours for a trained professional to complete. Most people do not have the time to specialize in completing this kind of transaction. Our team is here to take the worry out of the transaction for you.

Who is Team VC Online?
o We represent first time buyers, move up buyers, investors and network with real estate brokers who specialize in helping people get out of their properties that they can no longer afford or no longer wish to own. Regardless of your situation, the condition of your property, or how many you own we can help you. Everyone runs into difficulties now and then. Our goal is to make your stressful situation go away so you can get back to your life. Visit our team's hub site at www.teamVConline.com

For more information on Short Sales and Foreclosure Prevention, [lease visit our website at www.FindForeclosureHelpOnline.com today. Thank you for learning about your options.

Short Sale Benefits for Ventura County Homeowners

Sun, 18 Apr 2010 01:03:42 GMT

A “Short Sale” may be a much better alternative to Foreclosure or a Deed-in-Lieu of Foreclosure, and will do less harm to your credit and future ability to borrow. A Foreclosure will remain on credit reports for seven to ten years. It usually takes 5 years before new mortgages maybe obtained, with 7 year lending restrictions. With a short sale, however, you may be able to purchase a new home in 2 years or less.. Further, a "Foreclosure" on your credit will require you to answer certain questions on applications, such as for new loans or even employment with a "YES, I have had a foreclosure". Thus, if you own Camarillo Real Estate, Fillmore Real Estate, Moorpark Real Estate, Newbury Park Real Estate, Oak Park Real Estate, Ojai Real Estate, Oxnard Real Estate, Piru Real Estate, Port Hueneme Real Estate, Santa Paula Real Estate, Simi Valley Real Estate, Somis Real Estate, Thousand Oaks Real Estate, Ventura Real Estate, Westlake Village Real Estate, Leisure Village Real Estate and other areas of Ventura County and you are considering the alternatives, remember that a Short Sale may save your future ability to borrow. And, importantly, you are taking action and solving your predicament in a forthright manner, versus having your lender "take" your property in foreclosure, or giving it back in a deed-in-lieu of foreclosure.

For more information on Short Sales and Foreclosure Prevention, visit our website at www.FindForeclosureHelpOnline.com

Ventura County SHORT SALE Specialists ~ Find Foreclosure Help Online

Sun, 18 Apr 2010 00:49:23 GMT

As you may have heard on the news, the U.S. Treasury is trying to make short sales, well, shorter! Many homeowners and buyers have been plagued for waiting months for short sale approvals. Realtors are at their wits end. Lenders are overloaded with requests. Waiting five months for a short sale approval is becoming the norm. The new program that is supposed to help is called “Home Affordable Foreclosure Alternatives Program” or “HAFA”.

What Treasury is trying to do is help streamline the short sale process by suggesting guidelines to the participating lenders. That’s “suggestions” and “guidelines”. That does not equal “requirements” in the way I read it.

Here is a summary of the proposed short sale changes, who is eligible, and what you might expect to change if you do qualify for the HAFA program. Remember, I am condensing here and pointing out what might be important to you, the homeowner, as it relates to short sales. There are many details, requirements and forms that make up this new program.

ARE YOU ELIGIBLE?

You might be eligible for HAFA if your lender participates in the Home Affordable Modification Program (HAMP), and your mortgage is not underwritten by Fannie Mae or Freddie Mac. HAMP offers you the opportunity for assistance by lowering your payments or delaying payments to keep you in your home. You must meet the HAMP requirements as follows, to be part of HAFA, whether or not you choose a modification. These qualifications are:

1) You have missed payments or are about to default

2) The home is your primary residence

3) You got your primary mortgage before Jan. 1, 2009 and your balance is less than $729,750

4) Your monthly mortgage payment is greater than 31% of your gross income

The HAFA Supplemental Directive states that the servicers (your lenders) have the “option to determine the extent to which short sales or deeds-in-lieu will be offered”. So this does not look like a slam dunk, guys!

Expanding on that, HAFA states that a participating lender must follow its investor guidelines to create their own policy, with criteria for your eligibility to include: how cooperative and “motivated” you are, the amount of the loss on your mortgage, and local market conditions, among other things. In addition, HAFA states that it is up to the servicer and investor to decide if allowing you to be in this special short sale program is in their best interest. That tells me they have a lot of leeway in deciding if you will benefit from HAFA at all.

THE GOOD NEWS if you get a short sale through this program, there can be no deficiency judgment later! That will help many leery Bank of America short sale sellers, whose approval letters reference the right to seek a deficiency in the future. More good news- your lender may not ask you for a promissory note or a cash contribution if they participate in HAFA and you do a short sale. More “positives”…

POSITVE: If you are eligible for this program, and your lender participates, you must be given the chance to do a short sale or deed-in-lieu prior to the lender foreclosing.

POSITIVE: The program says you do not have to resubmit your financial paperwork for the short sale (a big pain for many short sale sellers) after you have already provided it for HAMP.

POSITIVE: Your lender will determine the acceptable net from your anticipated short sale prior to you participating in the program. This should save time versus a typical short sale, where the lender determines if a contract is acceptable after it is submitted for consideration. The minimum proceeds will be stated in terms of actual dollar amount, percentage of market value or percentage of your list price.

POSITIVE: Your lender will state what closing costs they will pay for the sale in advance. This will save contracts where the buyer asks for too much in closing costs- no wasted negotiating.

POSITIVE: You will receive $1500 relocation incentive upon closing your short sale.

*** OTHER THINGS you need to know:

You cannot remain in the home as a tenant after closing.

You must not be related to the buyer (arms length).

You cannot earn a real estate commission if you are a licensee and sell the home yourself.

You may be required to make payments deemed “affordable” by HAFA until your property is sold. This is based on a calculation of your income and expenses.

You must maintain the property and pay association dues until it is sold.

The servicer will pay your junior lienholder up to $3000 (or 3% of the junior balance) to complete the short sale, but YOU must take care of other impediments to selling, for example, an IRS tax lien or a judgment which might affect your sale. Your senior lienholder gets a monetary incentive when your junior lienholder waives the right to a future deficiency. This part of the program “may” inspire better terms from your second mortgage holder. NOTE: HAFA does not state this as a requirement, though, so you may still have a responsibility to pay your junior lienholder cash or a promissory note if they agree to the short sale!

If you have mortgage insurance (MI) on your note, the MI company must agree to waive its right to a cash contribution from you or note or you won’t qualify for HAFA.

MORE PROCEDURES: When you receive an offer on your property, you will have three business days, with my assistance, to get a copy of the contract, buyer pre-approval, and junior lien documentation to your lender. If you are using the standard HAFA program with a pre-approved net price (SSA), you should receive an approval or rejection with 10 business days, or about three weeks of receipt. However, if you have not gone through the HAMP modification program and standard SSA (sorry I am throwing in acronyms again), then your approval time will be lengthened. In this situation (alternate RASS), the program requires 14 more days to allow you to decide if you want a modification (well, of course at this point you don’t or you would have already done so, right), and for you to provide all the financial documentation necessary.

Finally, don’t expect to get off the hook with credit reporting or tax obligations from your short sale. Even with HAFA, your short sale will be reported “account paid in full for less than full balance” and you should consult with an accountant to determine any tax liabilities from your cancelled debt.

There is a lot to this new HAFA program, which officially starts on April 5, 2010 (although your lender may participate sooner). How many people it will actually help is questionable. If it does work, it will speed up your short sale. If it does not, there are still many options available to you.

For more information on Short Sales and Foreclosure Prevention, visit our website at www.FindForeclosureHelpOnline.com

Camarillo Short Sales

Wed, 17 Mar 2010 19:27:02 GMT

According to the MLS (multiple listing service) source, there are currently 167 Short Sales listed for sale in Camarillo 93010 & 93012. Of those, 38 are currently 'active' and are awaiting an offer. There are an additional 102 'Contingent-Back Up' status short sale/short pay homes for sale in Camarillo. Of note, 27 more homes are in escrow as 'pending' on the MLS.

Chances are, you or someone you know in Ventura County is facing the possibility of foreclosure. Please understand that you are not alone. Today, 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Ventura County Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.

For more detailed information and to Find Foreclosure Help Online, visit our website.

Short Sales vs Foreclosures

Short Sale vs. Foreclosure

Making the Right Choice for a Stable Future

The US housing crisis has claimed millions of victims. Unfortunately, many homeowners are losing their homes to the bank because either they think that a short sale will have the same financial effect as a foreclosure or they don't know their options.

The good news is that homeowners don't have to navigate this process on their own. I am available for those who need my expertise to get back on the path to stability.

If you, or someone you know has questions about this information, or would like to get started creating a plan, call me today.

The more proactive we are, the better the chance of finding financial freedom and stability.

A Dignified Solution

You Deserve a Dignified Solution

The economy today has been especially hard on homeowners. I meet people every day who thought they made a responsible decision on their mortgage loan, only to be hit with the unexpected.

The first and best move to make in this position is to educate yourself on what your options are based on your financial situation. Avoiding foreclosure is always something worth pursuing if you can, and there really are dignified alternatives available.

To get my free report on all the options and benefits of avoiding foreclosure, fill out the form below and click "Send". If you need immediate assistance, please contact me right away.

I'm here to help.

Options and Solutions

Thank you for visiting this site and taking the first step toward finding answers. I appreciate what it has taken for you to come here, and commend your efforts to get the facts about your situation. The current real estate environment can be frustrating, with misinformation and conflicting plans for how to proceed.

As real estate agents, what we often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably, over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities we serve, including Camarillo Real Estate, Fillmore Real Estate, Moorpark Real Estate, Newbury Park Real Estate, Oak Park Real Estate, Ojai Real Estate, Oxnard Real Estate, Piru Real Estate, Port Hueneme Real Estate, Santa Paula Real Estate, Simi Valley Real Estate, Somis Real Estate, Thousand Oaks Real Estate, Ventura Real Estate, Westlake Village Real Estate, Leisure Village Real Estate and other areas of Ventura County!

That's why we've developed this site: to ensure you get the valuable resources that can reduce your financial strain and change your life for the better. As a CDPE we know the options for homeowners in foreclosure or delinquent on their mortgages, and we can send you a report detailing this information, prepared just for you.

Simply enter your information below and click "Send."

I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let us help you evaluate your options and get back on track to a solid, stable future.

Short Sale & Deed-In-Lieu

Contrary to what you may have heard, lenders actually want to avoid foreclosure wherever possible. That’s why they’re accepting more short sale and deed-in-lieu transactions everyday in an effort to eliminate unnecessary foreclosures. This is great news for homeowners facing financial distress.

To help you understand more about these two options, I’ve prepared a free report just for you, called ‘Short Sale & Deed-in-Lieu: Dignified Solutions.’ To receive your free report, please provide your information in the fields below.

We hope you’ll review these options carefully and pass this information along to those who may need it. I commend your efforts to finding a solution to the difficult financial situation that you or someone you know is currently facing. Providing the best advice and information in your time of need is my priority.

Let me help you evaluate your options and get you back on track to a secure financial future.

Your First Steps To Avoid Foreclosure

Your First Steps

In today’s market, 1 in 7 homeowners is having trouble paying the mortgage. More than 70% of these homeowners proceed without seeking assistance or getting the facts. Many do not even realize that foreclosure is a process, and that there is time to make decisions that may result in a better outcome.

You are not alone. Millions of other homeowners nationwide are in the same circumstances. To assist you, we’ve prepared a free report outlining the first steps a homeowner should take when facing a foreclosure.

Fill out your information below for this free report. Don’t hesitate. Get back on track today!

Make Financial Stability Your Resolution

Foreclosure Stress Never Goes on Holiday

If a foreclosure is threatening your happy holiday, you should know you're not alone. Millions of Americans are in the same situation, and it is my goal to help ease the stress that comes with the threat of foreclosure for as many as I can reach.

As a CDPE-designated agent, I help struggling homeowners navigate the various options they have to avoid foreclosure. One possible option is a mortgage modification, which makes monthly payments more affordable.

For more information regarding this and other solutions, please download the free report located on this site.

If you need immediate assistance, please feel free to contact me throughout the holiday. I'm here to help. Make financial stability your resolution for the New Year!

Is Your Mortgage Payment Dragging You Down?

One in seven mortgages in this country is headed toward foreclosure.

If you or someone you care about is feeling burdened by a mortgage that is unaffordable, I can help.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, it is my mission to help homeowners avoid the financial devastation of foreclosing on their home. In the process, I help them move forward on a positive path. If you'd like to learn more, I invite you to access my free report: Is Your Mortgage Payment Dragging You Down?

As my report points out, there are currently 6.5 million mortgages in the country that are delinquent or in foreclosure. Stemming the tide of foreclosures has become a national priority because a foreclosure is nothing short of a disaster for all concerned – families, communities, the real estate market and the national economy as a whole.

As a CDPE, I am tapped into the most up-to-date solutions for financially distressed homeowners, and am distinctly qualified to work with you to determine your best possible option.

Contact me today and let's get started!

Hidden Costs of Bankruptcy

Considering filing for bankruptcy? There may be alternatives you've never considered …

If you are having trouble paying your mortgage and are possibly considering bankruptcy, there may be better solutions for your particular circumstances. I've created the free report available on this page, "The Hidden Costs of Bankruptcy," to provide more information.

Alternatives to foreclosure, such as conducting a short sale and moving into a rental residence with less expensive payments, may offer the breathing room you need to reorganize your finances.

To get your free report, fill out the form below and click send. However, if your situation is urgent and you need immediate assistance, please don't hesitate to contact me.

I'm here to assist you.

Credit Score Issues

Don't Let Your Credit Score Drop Unnecessarily

Avoiding foreclosure now could make or break your attempts to get a loan in the near future and determine whether you can get affordable interest rates.

That's why I've made this site available for anyone in our community struggling with mortgage payments. Foreclosure alternatives like short sales and deeds-in-lieu allow homeowners to avoid many of the damaging effects of foreclosure. In addition, short sales may have less of an impact on credit scores than foreclosure.

To get all the information on how these options affect your credit score, fill out the form below and click "Send". If you need immediate assistance, contact me right away.

I'm here to assist you.

Government Program Surveys

Are You Eligible?

The government programs currently available to homeowners can be valuable resources, but only if you know which ones are right for your situation.

That’s why we’ve created this free resource that lets you find out which programs you’re eligible for. Read the descriptions for each program to see which one fits your situation, then fill out the corresponding survey to see if you are eligible.

Find out now if you are eligible!

The good news is that programs exist for a variety of situations, and even more options are available beyond those programs. As a CDPE-designated agent, We can provide all of your possibilities and help you get moving toward a solution.

Strategic Defaults are NOT Strategic

Walking Away Is NOT The Answer

You may have heard that a “strategic default” can be an appropriate and even beneficial reaction to an upside-down mortgage or impending foreclosure. While this idea is widespread, the truth is that default is never an easy road to choose, and rarely ever strategic.

Unfortunately, the ramifications of a “strategic default” are rarely explained, leaving many homeowners stranded on an island of misinformation. To assist you, we’ve prepared a free report outlining the myths and misrepresentations of strategic defaults.

Fill out your information below for this free report. Don’t hesitate. Get the facts today!

Avoiding Mortgage Modification Fraud

We are Agents Against Mortgage Fraud!

The last thing struggling homeowners need is to be victimized by fraud. Sadly, some people are preying on those who need help the most. Today, the real estate industry is the newest, biggest target for predatory schemes. In fact, the U.S. Attorney General, Eric Holder, stated that mortgage fraud cases are 400 percent higher than they were five years ago.

With nearly 1 in 6 homeowners unable to pay their mortgages, understand that you are not alone. Knowing your legitimate foreclosure-avoidance options is the best way to fight this terrible trend.

The report on this site will tell you how to avoid mortgage fraud schemes, as well as what solutions are available to you. Enter your information below and get the facts now!

The Truth About Mortgage Modifications

The decisions you make as a homeowner today hold a profound impact on your financial future. However, it is important to safeguard yourself from misinformation and fraud. Get the facts regarding your situation and always have a contingency plan.

For those who qualify, a mortgage modification is the ideal remedy to their financial distress. I’ve prepared a FREE report on the truth about mortgage modifications to guide you through this important process. Simply provide your information below to get this valuable information, and feel free to pass it along to anyone who may need it. One homeowner lost to foreclosure is one too many!

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Together, we can formulate a plan to get back on track.

If you have any unanswered questions, or your circumstances are urgent, please call us today.

Barry Shapiro
805.405.0930

Foreclosure Vs. Short Sale

As a Certified Distressed Property Expert, we have devoted my career to helping homeowners who face difficult situations, taking them from uncertainty to resolution. Lately I've found a lot of conflicting information going around, especially concerning short sales, which you should know about.

A short sale occurs when a lender accepts the selling price of a home, even if it is less than the full amount owed on the mortgage. For particular homeowners, this can be the best option to foreclosure. Yet, we still hear people suggest that short sales are basically the same as a foreclosure.

This is absolutely wrong!

You need to have the CORRECT information. That’s why I'm glad you're here. To help, we’ve prepared a free report—just for you—that compares the realities of foreclosures and short sales side-by-side. Simply provide your information below, and I'll send you this report.

If you have any additional concerns about this issue, or your circumstances are urgent, please feel free to give me a call. I can help you evaluate your options and get you back on track to a secure financial future.

Find Foreclosure Help Online

Foreclosure Avoidance Options in Ventura County Camarillo, Moorpark, etc.

What is a Short Sale? Camarillo Newbury Park Thousand Oaks Somis Simi Valley Moorpark Short Sale Info

California Foreclosure Law Summary (Ventura County Specialists)

California Foreclosure Law Summary

Stop California Foreclosure

Ventura County Mortgage Resources LINKS (Camarillo, Moorpark, etc.)

Useful Links

Mortgage Modification Resources

HUD Approved Counselors

Other Useful Links

Question: Can you tell me what HAFA is and what it means for homeowners?

Question: Can you tell me what HAFA is and what it means for homeowners?

- HAFA, or Home Affordable Foreclosure Alternatives, is part of the Making Home Affordable Program aimed at helping homeowners during this current economic crisis, specifically through short sales and deeds-in-lieu.

- HAFA’s ultimate goal is to provide homeowners with real solutions to an unaffordable mortgage.

- The program offers homeowners $3,000 to avoid foreclosure through a successful short sale or deed-in-lieu.

- In these foreclosure alternatives, the lender agrees to forgive the remaining mortgage debt in exchange for either the deed to the house or whatever amount the borrower can sell their house for.

- Short sales have historically taken up to six months or more to be completed; so another component of HAFA is setting deadlines for the lender to respond, making the process quicker and less burdensome.

- As another protection for homeowners, HAFA prohibits the lender from pursuing what is called a deficiency judgment, meaning the lender cannot pursue a homeowner for the remaining loan balance once the short sale or deed-in-lieu has been completed.

- By combining all of these components, HAFA makes short sales more appealing to all involved parties and ensures a quick, efficient processing time so that homeowners can move on with their lives.

- Keep in mind that homeowners do have to meet specific qualifications to participate in HAFA, so they will need to contact a qualified real estate agent to find out if they are eligible—preferably an agent who is extremely familiar with the short sale process and the HAFA guidelines.

For more information on Short Sales and Foreclosure Prevention, visit our website at www.FindForeclosureHelpOnline.com or call today: 805.405.0930 (Barry Shapiro, CDPE)

Mortgage Servicer List - Making Home Affordable

http://www.makinghomeaffordable.gov/contact_servicer.html

Ventura County Mortgage Modification Resources

Useful Links

Mortgage Modification Resources

HUD Approved Counselors

Other Useful Links

Short Sale Facts for Ventura County Homeowners (Pre-Foreclosure Primer)

Short Sale Benefits for Ventura County Homeowners

Ventura County SHORT SALE Specialists ~ Find Foreclosure Help Online

Camarillo Short Sales

Short Sales vs Foreclosures

Short Sale vs. Foreclosure

Making the Right Choice for a Stable Future

A Dignified Solution

You Deserve a Dignified Solution

Options and Solutions

Options and Solutions

Simply enter your information below and click "Send."

I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let us help you evaluate your options and get back on track to a solid, stable future.

Short Sale & Deed-In-Lieu

Short Sale & Deed-In-Lieu

Contrary to what you may have heard, lenders actually want to avoid foreclosure wherever possible. That’s why they’re accepting more short sale and deed-in-lieu transactions everyday in an effort to eliminate unnecessary foreclosures. This is great news for homeowners facing financial distress.

To help you understand more about these two options, I’ve prepared a free report just for you, called ‘Short Sale & Deed-in-Lieu: Dignified Solutions.’ To receive your free report, please provide your information in the fields below.

Let me help you evaluate your options and get you back on track to a secure financial future.

Your First Steps To Avoid Foreclosure

Your First Steps

You are not alone. Millions of other homeowners nationwide are in the same circumstances. To assist you, we’ve prepared a free report outlining the first steps a homeowner should take when facing a foreclosure.

Fill out your information below for this free report. Don’t hesitate. Get back on track today!

Make Financial Stability Your Resolution

Foreclosure Stress Never Goes on Holiday

Is Your Mortgage Payment Dragging You Down?

Is Your Mortgage Payment Dragging You Down?

Hidden Costs of Bankruptcy

Considering filing for bankruptcy? There may be alternatives you've never considered …

Credit Score Issues

Don't Let Your Credit Score Drop Unnecessarily

Government Program Surveys

Government Program Surveys

Are You Eligible?

The government programs currently available to homeowners can be valuable resources, but only if you know which ones are right for your situation.

That’s why we’ve created this free resource that lets you find out which programs you’re eligible for. Read the descriptions for each program to see which one fits your situation, then fill out the corresponding survey to see if you are eligible.

Find out now if you are eligible!

The good news is that programs exist for a variety of situations, and even more options are available beyond those programs. As a CDPE-designated agent, We can provide all of your possibilities and help you get moving toward a solution.

Strategic Defaults are NOT Strategic

Walking Away Is NOT The Answer

You may have heard that a “strategic default” can be an appropriate and even beneficial reaction to an upside-down mortgage or impending foreclosure. While this idea is widespread, the truth is that default is never an easy road to choose, and rarely ever strategic.

Unfortunately, the ramifications of a “strategic default” are rarely explained, leaving many homeowners stranded on an island of misinformation. To assist you, we’ve prepared a free report outlining the myths and misrepresentations of strategic defaults.

Fill out your information below for this free report. Don’t hesitate. Get the facts today!

Avoiding Mortgage Modification Fraud

Avoiding Mortgage Modification Fraud

We are Agents Against Mortgage Fraud!

With nearly 1 in 6 homeowners unable to pay their mortgages, understand that you are not alone. Knowing your legitimate foreclosure-avoidance options is the best way to fight this terrible trend.

The report on this site will tell you how to avoid mortgage fraud schemes, as well as what solutions are available to you. Enter your information below and get the facts now!

The Truth About Mortgage Modifications

The Truth About Mortgage Modifications

The decisions you make as a homeowner today hold a profound impact on your financial future. However, it is important to safeguard yourself from misinformation and fraud. Get the facts regarding your situation and always have a contingency plan.

Barry Shapiro
805.405.0930

Barry Shapiro & Team VC Online
805.405.0930 cell