El Dorado Hills, CA

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I am a REALTOR® in El Dorado Hills with Lyon Real Estate. Though living in El Dorado Hills is my passion, I am happy to help you with your real estate needs throughout the Sacramento Valley. For more information on me or our wonderful area visit my website atwww.DeeDeeRiley.comor email me atdriley@golyon.com.

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GOVERNMENT FORECLOSURE REVIEW STARTED YESTERDAY

We recently published a post about the government foreclosure review. That review started yesterday. The important thing to remember is that there is a deadline of April 30, 2012, for review requests.

Distressed homeowners who went through foreclosure in 2009 or 2010 may be affected. There are 14 loan servicers, listed on the Office of the Controller of the Currency web site, who may not have followed proper legal procedures during the foreclosure process.

The loan servicers involved for this program include:

· America’s Servicing Co.

· Aurora Loan Services

· BAC Home Loans Servicing

· Bank of America

· Beneficial

· Chase

· Citibank

· CitiFinancial

· CitiMortgage

· Countrywide

· EMC

· EverBank/EverHome Mortgage Company

· Financial Freedom

· GMAC Mortgage

· HFC

· HSBC

· IndyMac Mortgage Services

· MetLife Bank

· National City Mortgage

· PNC Mortgage

· Sovereign Bank

· SunTrust Mortgage

· U.S. Bank

· Wachovia Mortgage

· Washington Mutual (WaMu)

· Wells Fargo Bank, N.A.

· Wilshire Credit Corporation

If you, or someone you know, lost your home to foreclosure during the specified period and one of the 14 loan servicers completed that foreclosure, you may have some money coming.

You may request an independent audit of your foreclosure at no cost to you.

If the independent audit determines that the foreclosure caused you financial harm due to loan servicer error, the government will order remediation (you get money back).

The important thing to remember is that a request for an independent audit DEADLINE IS APRIL 30, 2012. The will not consider requests post marked after that date valid for this program.

We ask that you pass this information on to anyone you know who may have been harmed. It is about time the little guy wins a round!

Select this link to review the full article and links for additional information:

http://www.occ.gov/news-issuances/news-releases/2011/nr-occ-2011-133.html

This is more like a Wordy Wednesday for me! I can't see a red sky without thinking of my grandma. She had a saying - Red sky at night, sailor's delight. Red sky in morning, sailors take warning. Here's an explanation of that from the Library of Congress:

Red sky at night, sailors delight.
When we see a red sky at night, this means that the setting sun is sending its light through a high concentration of dust particles. This usually indicates high pressure and stable air coming in from the west. Basically good weather will follow.

Red sky in morning, sailors take warning.
A red sunrise reflects the dust particles of a system that has just passed from the west. This indicates that a storm system may be moving to the east. If the morning sky is a deep fiery red, it means a high water content in the atmosphere. So, rain is on its way.

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I am a REALTOR® in El Dorado Hills with Lyon Real Estate. Though living in El Dorado Hills is my passion, I am happy to help you with your real estate needs throughout the Sacramento Valley. For more information on me or our wonderful area visit my website at www.DeeDeeRiley.com or email me at driley@golyon.com.

Search MLS Listings in El Dorado Hills and the Sacramento Region

Subscribe to my monthly eNews

Click here to find out more about me! Or just Google Me!

Keep in touch

Folsom El Dorado Hills CA – Many people think a hardship is mainly based on financial matters and that is not necessarily the case.

Anything that makes it difficult for you to keep on making a mortgage payment might qualify to be a hardship.

One thing that the bank doesn’t want to see is a homeowner who seems to be looking for a way out simply because the home is not worth the amount the owner paid for it.

Being upside-down is one of the qualifications for a short sale but a bank may not grant a short sale solely on that basis.

If your life looks unchanged since you took the loan, the bank might say you can afford to stay in your home at your present payment level. If your situation has changed, here are some examples that may qualify for a hardship:

1. Unemployment.

2. Reduced income. Furloughs, a new job, a partner's loss of a job, or a pay cut are examples.

3. Illness or medical emergency.

4. A Job transfer. (voluntary or involuntary)

5. Divorce, separation or marital difficulties.

6. Exotic mortgage terms (an adjustable-rate loan that adjusts and you cannot afford the new payment.)

7. Military service.

8. Death in the family.

9. Incarceration.

10. Increased expenses and excessive debt.

11. Unexpected repairs or home maintenance.

I can help you put together a good hardship letter that will help you qualify for a short sale. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at 3hayes@sbcglobal.net. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 530-306-3316

Thanks for reading this, John J Hayes.

John J is a Real Estate Agent at RE/MAX Gold.

Phone: 530-306-3316. 3hayes@sbcglobal.net.

"Hard Work and Dedication"

View My homes for sale at www.johnhayesrealestate.com/home-search.

John Hayes specializes in loan modification assistance and short sales in El Dorado Hills California. El Dorado Hills Loan Modification Help, El Dorado Hills Short Sales. El Dorado Hills Short Sale Realtor. Sacramento CA Loan Modification Help, Sacramento CA Short Sales. Sacramento CA Short Sale Realtor. Folsom CA Loan Modification Help, Folsom CA Short Sales. Folsom CA Short Sale Realtor. El Dorado Hills CA Short Sales. El Dorado Hills Realtor. Mather Short Sales Mather Real Estate Mather Short Sale Realtor

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

John J Hayes, RE/MAX Gold, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are John J's personal views and do not reflect the views of RE/MAX Gold.

This information on What Constitutes A Hardship On A El Dorado Hills Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.

REMEDY FOR SOME FORECLOSURE VICTIMS!

If you lost your home through foreclosure in 2009 or 2010 there may be a remedy waiting for you. The Office of the Comptroller of the Currency (OCC) has ordered an independent review of foreclosures processed by GMAC Mortgage, HSBC Finance Corp., Sun Trust Mortgage and EMC Mortgage.

If one of these loan servicers processed your foreclosure, and you believe that you were financially harmed during their foreclosure process, you may have some cash coming!

The government has determined that there may have been flaws in the foreclosure processing in some cases. Homeowners/borrowers who feel that they were financially harmed may request an independent review. If errors are found, the servicer will be required to compensate the borrowers for that financial injury.

Borrowers are eligible if:

• The home lost in foreclosure was the borrower’s primary residence
• The loan was at any step of the foreclosure process between January 1, 2009 and December 31, 2010
• The loan was serviced by one of the organizations listed above
• The request for a review must be received by the independent reviewing authority by April 20, 1012.

The review process is a free program, so there will be no charge to borrowers.

For more information, select this link:

http://www.federalreserve.gov/consumerinfo/independent-foreclosure-review.htm