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Kevin Nakano

Addison Avenue Federal Credit Union and Chase Short Sale Agents Sacramento CA

09-01-10
Kevin Nakano

Successful Addison Avenue Federal Credit Union and Chase Short Sale Agents in Sacramento CA - 7288 Silver Tree Pl, Granite Bay, CA - The home had total mortgages of $572,000 with Addison Avenue Federal Credit Union and Chase Home Loans. The short sale was approved at $399,300.

7288 Silver Tree Pl, Granite Bay, CA

I'm an experienced Addison Avenue Federal Credit Union and Chase short sale agent in Sacramento CA, a Certified Distressed Prperty Expert and a Certified HAFA Specialist. For more information you may visit the links below or call me at (800) 477-0075.

For more information, visit the links below:

Seller Tips:

http://www.nakanorealty.com/sellers/sellers.htm

Short Sale Information:

http://www.nakanorealty.com/ss/short-sales.htm

Nakano Realty:

http://www.NakanoRealty.com

Nakano Realty - DRE 01396046

Contact Us - Office Locations:

http://www.nakanorealty.com/contact_us.htm

Land Park South Land Park Buyers Agents

08-21-10
Kevin Nakano

I'm a Land Park and South Land Park buyer's agent and experienced with short sale and bank owned home purchases. Below are some of the short sale and bank owned homes I've helped buyer's purchase. For more information, visit the link below or call me at (800) 477-0075:

Buyer Tips, Home Search, School Info, iPhone App:

http://www.nakanorealty.com/buyers/buyers.htm

5448 Parish Ct, Sacramento, CA (Bank Owned)

5448 Parish Ct, Sacramento, CA

6061 S Land Park Drive, Sacramento, CA

6061 S Land Park Drive, Sacramento, CA

Nakano Realty - DRE 01396046

Contact Us - Office Locations:

http://www.nakanorealty.com/contact_us.htm

Rancho Cordova Buyers Agent

08-20-10
Kevin Nakano

I'm a Rancho Cordova buyer's agent and experienced with Rancho Cordova short sale and Rancho Cordova bank owned home purchases. Below are some of the short sale and bank owned homes I've helped buyer's purchase. For more information, visit the link below or call Kevin Nakano, buyer's agent, at (800) 477-0075:

Buyer Tips, Home Search, School Info, iPhone App:

http://www.nakanorealty.com/buyers/buyers.htm

2025 McGregor Dr, Rancho Cordova, CA (Bank Owned)

2025 McGregor Dr, Rancho Cordova, CA

3549 Bardolino Way, Rancho Cordova, CA (Bank Owned)

3549 Bardolino Way, Rancho Cordova, CA

3563 Rulander Way, Rancho Cordova, CA (New Construction)

3563 Rulander Way, Rancho Cordova, CA

Nakano Realty - DRE 01396046

Contact Us - Office Locations:

http://www.nakanorealty.com/contact_us.htm

Do I qualify for the government HAFA (Short Sale) Program?

05-20-10
Kevin Nakano

What is HAFA?

Home Affordable Foreclosure Alternatives program (HAFA) is a government-sponsored initiative assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure, specifically through short sales and or deeds-in-lieu of foreclosure.

Do I Qualify for HAFA?

If you qualify for HAMP and your lender is a HAMP participant, then your lender must consider you for HAFA if you request consideration. HAMP qualifications below:

  • Property must be borrower's principal residence
  • First lien mortgage originated on or before January 1, 2009
  • Loan is delinquent or default is reasonably foreseeable
  • Unpaid principal balance is equal to or less than $729,750
  • Total monthly mortgage payment (PITI) exceeds 31 percent of the total household gross income
  • The mortgage is not owned or guaranteed by Fannie Mae or Freddie Mac

Benefits of HAFA?

  • Standardizes processes, documents and timeframes
  • Financial incentives to borrowers, servicers and investors
  • Requires that borrowers be fully released from future liability for the debt
  • Uses information and documents supplied through HAMP
  • Allows the borrower to receive pre-approved short sale terms prior to the property listing

What if I don't qualify for HAFA?

You can still pursue a traditional short sale even if you don't qualify for the HAMP/HAFA programs.

Considerations?

You should consult with a qualified real estate professional to help you navigate through the HAFA process. As a Certified Distressed Property Expert (CDPE Designation), I've received a lot of training, information and ongoing continuing education.

More Information?

If you would like assistance in navigating the HAFA process, please call Kevin Nakano at 800-477-0075 or complete an online short sale prequalification form at www.NakanoRealty.com.

Buying a Bank Owned Property (REO property)

05-14-10
Kevin Nakano

REO listings are properties that have gone through the foreclosure process and are now owned by the lender/bank. REO listings are desirable because they can respond to a buyer's offer within a week or two depending on the situation.

Seller's (bank) of REO properties are not emotionally invested in the property and usually make decisions based on business sense. Banks use their own addendums that have control over the original purchase agreement and their process and expectations are different than a traditional listing or short sale listing in terms of protocol and timeframes.

The drawback to purchasing an REO property is that the bank has never lived in the property, as a result the bank will not be able provide the buyer with any disclosures about the history of the property or its current condition. Seller's (banks) of REO properties generally will not make any repairs to the property, thus the buyer usually purchases the property in its current condition.

I've helped many buyers purchase REO properties, so I have a unique advantage over many buyer's agents that have not dealt with banks. If you're interested in purchasing a REO property, please feel free to contact me today at 800-477-0075.