Buying and Selling Your Davis, CA Home with Keller Williams agent Carmen Isais

Whether you are facing foreclosure or simply need to reduce your payment, Mortgage Outreach Services can help and there is no out of pocket costs to you.

If you’re a homeowner worried about how to pay your mortgage, we can help you understand what options are available and which is the best fit for you:

Refinance: Getting out of your old loan and into a new one can free you from the instability of an adjustable mortgage by putting you into a low-rate fixed mortgage. Rates are at all-time lows, and loans can be extended to as long as 40 years to keep payments low.

Loan Modification: Having your lender modify your loan can reduce your interest rate and payment. In some cases, a lender will modify your loan to reduce the amount of your mortgage balance.

Short Sale: For homeowners in areas where prices have fallen dramatically, the best option may be a short sale. In a short sale, the lender agrees to accept less than the full amount of the mortgage so the property can be sold at the current market price.

As a borrower and homeowner, you have options.  Start by making a Consultation Request or call Carmen Isais directly at 530.601.1003. Let’s meet… once we have some basic information about your situation, we can work together and help you exercise your options.

Homeowners facing foreclosure in Yolo County, Solano County, Sacramento County and across California, may get a little relief – again. From the Associated Press:

California imposes 90-day foreclosure moratorium
The Associated Press

SACRAMENTO, Calif.—California is imposing a 90-day moratorium on housing foreclosures under a new law that took effect mid June.
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.”

You’ll see that this new law and “attempt” to help ailing homeowners leaves a lot of holes, and many lenders may find themselves exempt from complying. Remember, seek the services of a non-profit homeowner advocacy group to get help, such as:

• www.naca.com
• www.dontborrowtrouble.com
• www.acornhousing.org
• www.makinghomeaffordable.gov

Another option to foreclosure, and something I will be write more about in days to come, is the short re-finance. As another option, for short sale help, contact Carmen Isais, Real Estate professional with Coldwell Banker at 530.601.1003. Carmen offers short sale consultations for homeowners in Davis, Vacaville, Dixon, Winters, Woodland and the larger Sacramento-Metro area. If you have a home with little or equity