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Cal HAFA Short Sale Success West Sacramento Short Sale Agent and Default Advocate Mike Rigley

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Published on May 28, 2012

http://www.shortsaleandloanmod.info West Sacramento Short Sale Agent and Default Advocate Mike Rigley discusses CalHFA Short Sale Success in a West Sacramento Short Sale

Let me start by saying the CalHFA programs are great programs. They have helped thousands of homeowners get into their first West Sacramento home and through the Keep Your Home California program have kept thousands more stay in their West Sacramento home. They offer principle reductions, money to make you payment while unemployed, money to get you caught up if you fell behind and if all else fails, relocation assistance if you short sale or are foreclosed on. We have personally directed a number of clients to the KYHC program and even have a video series on its benefits. It is a good program if you qualify.

We just recently completed a West Sacramento short sale for a young family that had a CalHFA backed loan. Because they had chosen not to accept the loan modification the servicer was to say the least, reluctant to review the file for a short sale. The truth of the matter was this young couple had out grown the home, owed twice what it was worth and had made the decision to either short sale their West Sacramento home or let it go to foreclosure. They stopped making their payment in October and receive the notice of default in February with an anticipated auction date of May 30th.

Because they had been approved for a loan modification, the servicer would not review the file. Our file was declined three times before the servicer decided we were not going to give up and agreed to review the file. Now CalHFA is no different than any other investor. While their guidelines are strict it is still about mitigating loss. Will they lose more on a short sale or foreclosure? In this case the data was overwhelmingly in favor of the short sale. After 122 days in negotiations (our average is 42 days) our West Sacramento short sale was approved and closed escrow 30 days later. This was a true testament of our persistence and refusal to accept no for an answer. The result? Another West Sacramento homeowner saved from foreclosure AND through the KYHC program we were able to get them $5000 for relocation expenses.

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation. Call me today and sleep better tonight; you'll be glad you did

If you are a homeowner who has missed payments, possibly facing foreclosure or just owe more than your home is worth please contact Mike Rigley Short Sale Specialist at 888-317-9376 or mike@norcalmortgagerelief.com for a free no obligation confidential consultation and receive the latest information on your options to avoid foreclosure and the benefits of a short sale.

Learn More about Mike and his expertise at http://youtu.be/EtrjKmU9nIQ

If you owe more than your home is worth, want to know how long in todays present market it will take until your home is worth what you owe? Check out our calculator at http://www.shortsaleandloanmod.info

Consistently ranked as one of Northern California's top Short Sale Agents and Specialist, Mike Rigley is one of the areas premiere Certified Default Advocates. With his strong focus on assisting homeowners in need, Mike offers a straightforward no nonsense consultation designed to give you all the information and facts to enable you to make the best decision for you and your family. As every situation is different, Mike offers his insight and knowledge of the default process and all the options available to you to avoid foreclosure. Mikes experience of representing both homeowners in distress avoid foreclosure and his insider knowledge of the default process makes' Mikes experience unique. Trained and personally coached by the former Chief Loss Mitigator of IndyMac bank, Mike understands what the banks are looking for and how best to assist you in your time of need. Call Mike today toll free at 888-317-9376 for your free consultation and sleep better tonight

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