HAMP Non-Qualifiers Can Explore HAFA Loan Modification Options
Prior to applying for the home 
affordable modification program requirements, it could be vital for borrowers to explore various viable alternatives to avoid a possible home foreclosure. This is because if you fail to qualify for the HAMP, you need to be prepared to solve your mortgage problems. Nevertheless, in such cases you could always go in for a short-sale or deed-in-lieu of foreclosure options under the HAFA.
Prior to applying for the home affordable modification program (HAMP), it could be vital for borrowers to explore various viable alternatives to avoid a possible home foreclosure. Remember, if you obtain a proper financial debt management plan, you could be in a much better position to improve your credit ratings. This in turn could automatically boost your chances of qualifying for other loan modification plans provided by different lenders. Anyway the HAMP home mortgage loan modification plan requires borrowers to furnish complex documentation in comparison to alternative programs you could be required to exercise enormous patience since the average time taken to respond could range from at least one year to even a year. In any case, if you fail to qualify for the HAMP, you need to be prepared to solve your mortgage problems.
Analysis by Jeff Green, Short Sale REALTOR
The best strategy when avoiding foreclosure prevention is to explore all options. It can be very fatiguing and stressful, but keeping yourself out of foreclosure is probably the best option. We see many who are exhausted in the process. So much for that we have coined a name for it, “Foreclosure Fatigue Syndrome.” At some point home owners get so tired of the process that they just stop. Try to avoid that as it can be a costly mistake. If you need help exploring our options contact our office.
East Sacramento Central Short Sale Market Trends April 2011
- Short sale listings are trending up. Sales are trending down.
- Average price per square foot is $226 per foot.
- Days on market is 115 which is an upward trend.
- Sold price vs. list price is 97%.
- Inventory is 3.5 months vs. 1.8 months in March.
2011-04 East Sacramento Central For Sale vs Sold Short Sales
2011-04 East Sacramento Central For Sale vs Sold Short Sales
More Graphs….
2011-04 East Sacramento Central Average Price per Square Foot Short Short Sales
2011-04 East Sacramento Central Average Price per Square Foot Short Short Sales
2011-04 East Sacramento Central Days on Market Sold vs List Price Percent Short Sales
2011-04 East Sacramento Central Days on Market Sold vs List Price Percent Short Sales
2011-04 East Sacramento Central Average Price For Sale and Sold Short Sales
2011-04 East Sacramento Central Average Price for Sale and Sold Short Sales
2011-04 East Sacramento Central Months of Inventory Short Sales
2011-04 East Sacramento Central Months of Inventory Short Sales
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