Kathryn Davis

I don't understand why so many agents have been scared of short sales. There is really nothing scary about them. For me they are no brainers and for the most part easy. I have listed short sales, represented buyers with short sales and been just a short sale negotiator/processor. Yes they are a LOT more work, there is a LOT of babysittng and it can be time consuming, so I mulitask when on the phone with the bank. Seriously I have done mailers, dishes, folded laundry, updated the mls, whatever doesn't cause noise so I don't miss when the lender actually gets on the phone with me. :)

I really want the real estate community to know that I am here for them, I am not acting as a realtor. I am not competing with realtors for their listings or clients, I enjoy processing a short sale, and I love the sweet taste of victory when I close one! So for those of you realtors out there in Southern California if you hate short sales, I love them so don't ditch them lets work together. :)

Many stressed out homeowners dealing with financial hardship may not know that there are banks home foreclosure hardship programs available. Many programs are built into their contracts that they aren?t even aware of. If you are dealing with issues such as divorce, unemployment, lay offs, medical bills, or a sudden increase in your mortgage payment you may be experiencing a financial hardship. If you are experiencing financial hardship, contact your bank right away. Ask them about their banks home foreclosure programs. Your bank does not want to take back your property; however, to protect its interest, the bank will file a Notice of Default, because it stands to lose money if your home goes to a forced sale. Issues that concern banks, home foreclosure can seriously affect their investments.

For banks, home foreclosure hardship programs are necessary to protect their interests as well as the consumer?s interests. Banks home foreclosure hardship programs allow the banks to offer to change the terms of your loan to make the payments more affordable. Your bank may be able to freeze the interest rate, so that it can?t adjust to a higher rate; you may also be able to get your bank to spread out any missed payments. If you missed one mortgage payment of $1200, you would then be able to increase your regular mortgage payments by $100 for one year and that missed payment will have been recovered.

Before you miss your first mortgage payment, talk to your bank representative. Ask about their banks home foreclosure hardship program or policy. Their banks home foreclosure hardship policy may allow you to add one or two late payments onto the back of your loan, or you may be able to borrow on the equity of your home to catch up the payments.

If you want to stay in your home you need to try and prevent foreclosure before it starts. Never ignore any late statements from your bank. So many homeowners get into foreclosure because they did not communicate with their banks. They may have been laid off or lost their jobs, or suffered catastrophic illness. They might feel that there are no options available to them, but they will never know unless they communicate with their lenders. Some mortgages come with the option of insurance that protects the borrower?s and the bank?s interest if the borrower becomes unemployed. The payments will be made. A similar type of insurance may be included in a contract that protects the borrower in case of serious injury or catastrophic illness. For banks, home foreclosure hardship programs are a necessity to protect both the borrower?s and the bank?s interests.

Contact us today for more information and see if you qualify.

According to the The Associated Press Posted: 06/13/2009 04:53:54 PM PDT Updated: 06/13/2009 04:53:55 PM PDT

SACRAMENTO, Calif.-California is imposing a 90-day moratorium on housing foreclosures under a new law that takes effect Monday.

The law is expected to make lenders try harder to keep borrowers in their homes. Loan companies must prove they tried to modify the delinquent loans before they can begin foreclosing.

But supporters acknowledge the California Foreclosure Prevention Act won't stop thousands of foreclosures from eventually happening. There have been more than 365,000 foreclosures in California since early 2007, with many more already scheduled.

The bill passed in February is similar to the Obama administration's Making Home Affordable Program that began in March.

Both encourages lenders to cut interest rates or rewrite loans to affordable levels.

Well hopefully this will help homeowners stay in their homes, but I agree with many of these other supporters that it won't help as many homeowners avoid foreclosure as they are hoping to. I think our administration is only "trying" to help homeowners, if they really wanted to be successful at it then they would mandate more loan modifications and be a little more sympathetic for the people!

AVOIDING FORECLOSURE WITH A SHORT SALE!

I work with Keller Williams Realty and we have TOP short sale training courses to teach our agents how to be a successful help homeowners in jeapardy of losing their home. I created America's Real Estate Advocates to take it a step further and create a full service advocacy who is on your side, fighting with you against the greedy banks.

How can we help? We are short sale specialists and can have a postponement of your Trustee Sale Date of at least 30 days with a valid short sale offer by one of our investors or perspective buyers. We work directly with the bank to get a short sale approved on your home, we will negotiate on your behalf with the bank to get you the best deal. Think of us as your ultimate fighter or super hero in your corner fighting for you!

What can we do for you? We can guarantee you superior real estate service. No other agent or team has the experience that our team has. Our success rate speaks for itself, we have an 80% approval rate with our short sales, and approach is unique & effective, making it easier for you to avoid foreclosure and sleep peacefully at night.

DON'T go into foreclosure! You can avoid the Foreclosure Demon with a short sale!

Call me to find out more. We are short sale experts, take advantage of our success and of this great opportunity to SAVE YOUR HOME, banks are pushing short sales they DON'T want anymore foreclosures!.

*We offer a FREE neighborhood pricing analysis

(Not all homes may qualify.)

* Always consult a Tax Professional or CPA for any possible tax liabilities!

In today's newspaper

SAN FRANCISCO (Reuters) - California's government risks a financial "meltdown" within 50 days in light of its weakening May revenues unless Governor Arnold Schwarzenegger and lawmakers quickly plug a $24.3 billion budget gap, the state's controller said on Wednesday.

Underscoring the severity of California's cash crisis, Controller John Chiang, who has previously warned the state's government risks running out of cash without a budget deal, said revenues in May fell by $1.14 billon, or 17.7 percent, from a year earlier.

Our lovely Governor has already slashed thousands of jobs all across the board, closed hundreds of state parks and beaches and who knows what else that hasn't been reported in the news. As rich as our state is we spend like a Hilton at the mall. If we keep going at this pace we will dip further and further into debt as a state, and California can't exactly just file Ch.7 like most people!

This is just me standing on my soap box again. :)