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Price Reduction: $349,999!! Hurry, this home will not last long!

2011-01-25T14:19:00.000-08:00

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$369,000 Executive level home in a luxurious gated community!

2011-01-18T14:22:00.000-08:00

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$174,999 Cozy newer North Natomas home at a price you have to see to believe!

2011-01-18T12:47:00.000-08:00

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$399,000 Extraordinary 4 unit property in the highly desirable midtown!

2011-01-03T15:50:00.000-08:00

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$134,990 Extensive Remodel! Hurry, This Stunning Home Won't Last Long!

2011-01-03T13:37:00.001-08:00

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$199,900 Spectacular Turn key Property! Bank owned - Not A Short Sale!

2010-12-23T13:49:00.000-08:00

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$299,000 Move In Ready Luxurious Home! $5400 Seller Credit!

2010-12-23T12:57:00.000-08:00

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Investor special – Buy at 1/3 previous market value!

2010-12-20T15:43:00.000-08:00

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Priced to Sell! This Will Not Last!

2010-12-20T15:20:00.001-08:00

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Record-low mortgage rates will be gone in 2011: MBA

2010-10-27T11:36:00.000-07:00

Apply Today Before These Rates Are History! http://bit.ly/cVz6jm

ATLANTA (MarketWatch) — Mortgage rates may be as low as they’ll get — rates are on course to rise, slowly moving toward 5% by the end of next year, according to the Mortgage Bankers Association’s economic forecast, released Tuesday at the group’s annual convention here.

The group predicts rates on the 30-year fixed-rate mortgage will average 4.4% in the fourth quarter of 2010, increasing to a 4.7% average in the first quarter of 2011, and climbing to 5.1% by the end of next year. That’s barring any “blockbuster” announcement from the Federal Reserve next month, said Jay Brinkmann, chief economist of the MBA.

The Fed has said it could take more policy actions to stimulate growth, and Brinkmann said that’s likely to come in the form of an additional purchase of Treasury securities. But the market has already anticipated that, and the move has already been priced into current rates, he added.

Brinkmann said he expects a pickup in purchase originations next year, but 2011 volume for mortgages to buy a home will still only be roughly at its 2009 level. Refinance business, however, is expected to drop next year, as mortgage rates begin their rise from record lows.

Full MarketWatch article: http://bit.ly/9f9AuW

Mortgage rates hit record lows: Freddie Mac

2010-08-19T16:46:00.000-07:00

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NEW YORK (Reuters) - U.S. mortgage rates fell in the past week to the latest in a series of record lows amid concerns about the state of the U.S. economy, according to a survey released on Thursday by Freddie Mac (OTC BB:FMCC.OB - News), the second-largest U.S. mortgage finance company.

Rock-bottom rates should continue to spur demand for home loan refinancing, putting extra cash into consumers' hands that they can save, use to pay off existing debt or funnel into the economy through extra spending.

Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.42 percent for the week ended August 19, down from the previous week's 4.44 percent and its year-ago level of 5.12 percent, according to the survey.

Thirty-year mortgage rates have fallen to fresh lows for nine straight weeks. Freddie Mac started the survey in April 1971.

Full Yahoo!Finance article: http://yhoo.it/bQyuqM

30 year mortgage rates hit 4.44% as economy sours!

2010-08-12T13:44:00.000-07:00

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WASHINGTON (AP) -- Growing pessimism over the weak economic recovery pushed mortgage rates to the lowest level in decades for the seventh time in eight weeks.

The average rate on a 30-year fixed mortgage hit 4.44 percent this week, mortgage buyer Freddie Mac said Thursday. And some brokers say homeowners looking to refinance have even managed to do so for as low as 4 percent.

Investors are shifting their money away from stocks and into safer Treasury bonds. That is sending Treasury yields lower. Mortgage rates track those yields.

And the Federal Reserve is pushing those yields down even further. The central bank said Tuesday it would buy Treasurys to help aid the recovery, using the proceeds from debt and mortgage-backed securities it bought from Fannie Mae and Freddie Mac.

"The silver lining to a bad economy is that interest rates fall," Walters said. "If you can lower your debt burden by refinancing, that's great."

Full Yahoo!Finance article: http://yhoo.it/c31pZ5

Mortgage Rates Hit Record Lows for Seventh Consecutive Week

2010-08-09T11:17:00.001-07:00

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Mortgage rates set a new record lows in two weekly surveys for the seventh consecutive week.

The Freddie Mac survey put the average rate for a 30-year fixed-rate mortgage (FRM) at 4.49% with an average 0.7 origination point for the week ending Aug. 5, down from last week's average of 4.54% and a year ago, when the average was 5.22%. It's a new record low for the survey, which began in 1971.

The Bankrate survey of large banks and thrifts put the average rate for a 30-year FRM at 4.66% with a 0.42 origination point, down from last week's average of 4.71% and a new record low for the nearly 25-year-old survey.

Vice president and chief economist of Freddie Mac, Frank Nothaft, suggested GDP growth was the cause of record low mortgage rates.

“Annual revisions cut the cumulative GDP growth in half over the past three years ending in the first quarter of 2010 from 1.4 percent to 0.6 percent," he said. "This reduces inflationary pressures and allows longer-term rates room to ease."

Full HousingWire article: http://bit.ly/c9t9tK

Mortgage rates dip below 4.00% on 15-year loans

2010-08-05T13:55:00.000-07:00

Never a better time to buy or refi! Apply now: http://bit.ly/cVz6jm

WASHINGTON (AP) -- A plunge in mortgage rates is giving homeowners a rare opportunity to lock in a 15-year fixed-rate loan for less than 4 percent.

Rates haven't dipped this low in decades. For those who can qualify, it's the chance to pay off a home in half the time while saving tens of thousands of dollars -- if not more.

The average rate on the 15-year fixed loan dropped to 3.95 percent last week, according to mortgage company Freddie Mac. That's the lowest on records the company has kept since 1991. The average rate for a 30-year fixed loan fell to 4.49 percent. Rates haven't been that low since the 1950s, when longer-term mortgages typically lasted 20 to 25 years.

On the surface, there might not seem to be a huge difference in the two rates, both of which are historically low. But consider the savings on a $200,000 mortgage over 15 years at the current rates.

A borrower who refinances over that term could expect to save $65,000 in interest compared with the 30-year fixed loan. Still, they would pay $1,474 a month before taxes and insurance. With the 30-year loan, the payments would be $1,010 a month.

Full Yahoo!Finance article: http://yhoo.it/cxwD7u

Rate on 30-Year-Mortgage Drops to Record Low Week-to-Week!

2010-08-03T15:13:00.000-07:00

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The 30-year fixed-mortgage rate (FRM) dropped week-to-week nationally averaging 4.28%, according to Zillow Mortgage Marketplace's weekly update. This is down 0.1% and a new record low according to their data. Last week's averages remained steady.

Regionally 30-year rates are varying, but the majority of states saw a drop. California's current rate is 4.33%, down from 4.34% last week, as is Colorado's at 4.26%, down from 4.28%. Rates substantially decreased in New York to 4.23% (from 4.46%), Massachusetts to 4.28% (from 4.61%), Florida to 4.18% (from 4.33%) and Washington to 4.36% (from 4.56%) from last week.. Texas is down to 4.27% from 4.36% and Illinois state average is down to 4.33% from 4.31%.

Zillow reported the rate for 15-year fixed home loans at a national average 3.85%, while the rate for a 5-1 adjustable-rate mortgage (ARM) is at 3.27%.

Full HousingWire article: http://bit.ly/cU9BaN

For Sale: 3BR/2.5BA Single Family House in Rancho Cordova, CA, $185,000!

2010-07-29T16:12:00.000-07:00

Full Listing Here: 3BR/2.5BA Single Family House in Rancho Cordova, CA, $185,000!

GLOSSY REMODEL! NOT an REO or SHORT SALE~ Granite countertops with new tile floors in Kitchen and Den. Remodeled bathrooms with custom tile work. Re-finished hardwood throughout. All new paint throughout. Upstairs Master. Home has great natural light, Laundry closet. Large lot with mature shade trees, covered back patio and storage shed. 1/2 mile from HWY 50, walking distance to bus. Seller will respond in 24 HOURS!!

This 1447 square foot single family home has 3 bedrooms and 2.5 bathrooms. It is located at 10271 Croydon Way Rancho Cordova, California. This home is in the Folsom-Cordova Unified School District. The nearest schools are White Rock Elementary School, Mills Middle School and Cordova High School.

dina.morrill@afc360.com
(530) 305-1749

30-year fixed mortgage rates hit record low, but even better rates exist for stellar borrowers!

2010-07-29T16:01:00.000-07:00

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Mortgage rates are the most affordable in decades for those who can qualify for a loan.

For many, the opportunity to buy a home or refinance at this time is lost because of the tough economy and tight credit standards. But those who have secure jobs, superior credit and strong finances could do even better than the 4.54 average rate that Freddie Mac reported Thursday, according to experts.

The latest rate is the lowest for a 30-year fixed loan since Freddie began tracking rates in 1971. It also marks the fifth time in six weeks that the mortgage company has reported hitting a new average low.

Still, it's possible to get an even lower rate if a borrower contributes more than 20 percent to the downpayment or has impeccable credit.

Full Yahoo!Finance article: http://yhoo.it/ajqMKJ

Mortgage Interest Rates Return To Record-Low Levels Again!

2010-07-22T12:17:00.000-07:00

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Mortgage rates hit or returned to record-low levels again in two weekly surveys.

The Freddie Mac weekly survey put the average interest rate for a 30-year fixed-rate mortgage (FRM) at 4.56% with a 0.7 origination point for the week ending July 22, down from 4.57% last week.

The Bankrate weekly survey of large banks and thrifts put the 30-year FRM average at 4.77% with a 0.39 origination point, tying the record low for the survey after last week's slight increase to 4.77%. It marks the 10th weekly decline in the past 13 weeks of the Bankrate survey.

Freddie's 15-year FRM averaged 4.03% with a 0.7 origination point, a new record low after 4.06% last week. Bankrate said 15-year FRM rates averaged 4.18%, tying the record low set in the week of July 7.

Full HousingWire article: http://bit.ly/bofcsD

Obama Signs 'Common Sense' Financial Reform into Law

2010-07-21T12:44:00.001-07:00

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President Obama this morning signed the Dodd-Frank Act calling it a "common sense" package of wide-range reform of the financial market and its regulation.

The law will "crack down on abusive practices in the mortgage industry…so folks know what they're signing," Obama said in remarks before signing.

The financial industry is already hailing the legislation as potentially the largest piece of financial reform since the post-Depression era.

“It is a victory for all of us that a new systemic risk council will weed excess risk out of financial institutions before they pose a threat to the entire system and that any institution that moves too close to cliff’s edge will be quickly dismantled by a powerful new resolution process," said Richard Neiman, superintendent at the New York State Banking Department, in an e-mailed statement today.

Full HousingWire article: http://bit.ly/bg78Mk

Mortgage Rates Hold Steady Near Record Lows

2010-07-15T10:20:00.000-07:00

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There is no question whether now is the time to buy or refinance - record low interest rates combined with affordable housing the likes we've never seen!

Mortgage rates remained virtually unchanged from one week ago, holding steady at near record-low levels in two weekly surveys.

The Freddie Mac weekly survey put the average interest rate for a 30-year fixed-rate mortgage (FRM) at 4.57% with a 0.7 origination point for the week ending July 15, unchanged from the new record low set last week. A year ago, the 30-year FRM averaged 5.14%.

The Bankrate weekly survey of large banks and thrifts put the 30-year FRM average at 4.77% with a 0.41 origination point, up slightly from last week's record-setting average of 4.74%. The Bankrate survey has only been below this point twice in its 25-year history, both instances during the past two weeks.

“Fixed-rate mortgages continued to hover at 50-year lows, thereby supporting homebuyer affordability and refinance activity," said Frank Nothaft, Freddie Mac vice president and chief economist in the weekly report. "Over the past month, about four out of five conventional loan applications and more than one-half of FHA and VA loan applications were for refinance."

Full HousingWire article: http://bit.ly/c16I4t

Cost Spread Between Owning vs Renting is Narrowing!

2010-07-13T10:47:00.000-07:00

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With mortgage rates at record lows and housing markets stuffed to the gills with cheap distressed properties that's led to declining home prices, the cost to own a home is sometimes cheaper than renting an apartment in many markets, according to analysts at Credit Suisse.

While a segment of the renting population continues to rent, many are looking to dip their toes in the homeownership waters. Credit Suisse said the percentage of median household income needed to pay the mortgage on a median priced home is at a 30-year low.

Low mortgage rates and property values makes homeownership more attractive than renting for many. In many markets — including Washington DC, California's Inland Empire, Las Vegas and Phoenix — paying for a mortgage is less expensive than renting.

Full HousingWire article: http://bit.ly/chtifu

More Positive News On Foreign Buyers

2010-07-12T11:33:00.000-07:00

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More than one-quarter — or 28% — of Realtors reported working with at least one international client over the past year, up from 23% in NAR's 2009 report.

"[C]hanges in value to the US dollar have had a strong impact on the international real estate business," Golder said. "In addition, perceptions abroad about trends in the US real estate market have led many international clients to believe purchasing a home in the US is more affordable than in their country and holds more value."

Direct TBWS Link: http://bit.ly/98BX1z

Foreign Buyers in US Housing Rises

2010-07-09T11:01:00.001-07:00

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Foreign home buyers — those with residency outside the US as well as recent immigrants and temporary visa holders — purchased $66bn of US residential property, or 7.27% of the market, in the year ending March 2010, according to the National Association of Realtors (NAR).

Based on NAR's existing home sales information, $907bn of residential sales occurred in the 12 months ending March 2010.

International clients with permanent residences outside the US took 4.56% of the market — up from 4.23% in the previous 12-month period — while recent immigrants and temporary visa holders took another 2.71% of the market.

"The US continues to be a top destination for international buyers from all over the world," said NAR president Vicki Cox Golder, in a statement. "Foreign buyers understand the value of owning a home in this country… ."

Full HousingWire article: http://bit.ly/coalBd

30 Year Fixed Rates Set Another Record!

2010-07-08T10:24:00.000-07:00

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Average rates for 30-year fixed-rate mortgages (FRMs) dipped slightly, setting new weekly records, while other types of mortgages varied, still hovering around historic lows.

Freddie Mac's weekly survey put the average rate for a 30-year FRM at 4.57% with a 0.7 origination point for the week ending July 8. That's down slightly from last week's average of 4.58% and below the year-ago average of 5.2%. It's the third consecutive week that the 30-year FRM set a new record low in the 39 years that Freddie Mac has tracked the product.

The Bankrate survey of large banks and thrifts also set a new record, with the average rate for a 30-year FRM at 4.74% with a 0.39 origination point. That's down from last week's then record-setting average of 4.75% and a year ago, when the survey averaged 5.59%.

“With mortgage rates falling to historic lows, refinance activity has been strong over the past three months,” said Frank Nothaft, Freddie Mac vice president and chief economist. “The Bureau of Economic Analysis reported that the effective mortgage rate of all loans outstanding was just below 6% in the first quarter of 2010, the lowest since the series began in 1977. Since the start of the second quarter, two out of three mortgage applications on average were for refinancing, according the Mortgage Bankers Association."

Full HousingWire article: http://bit.ly/aJYVaA

MBA: "Mortgage Applications Rise 6.7%"

2010-07-07T09:29:00.000-07:00

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The volume of mortgage applications submitted weekly rose 6.7% in the week ending July 2, according to the Mortgage Bankers Association (MBA).

The amount of applications submitted for refinance jumped 9.2% to the highest volume in more than a year, since the week ending May 15, 2009. The uptick in refinance interest brings the refi share of total applications to 78.7%, from 76.8% a week earlier.

"Mortgage rates remained near record lows last week, as incoming data on the job and housing markets were weaker than anticipated," said MBA vice president of research and economics, Michael Fratantoni, in a statement. "As more homeowners locked in to these low rates, the level of refinance applications increased to a new 13-month high."

Full HousingWire article: http://bit.ly/c70jY0

Never A Better Time To Buy!

2010-07-06T11:06:00.000-07:00

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The national mortgage delinquency rate grew to 9.2% in May, up 2.3% from a month earlier and 7.9% from a year earlier, according to the latest report from mortgage performance data and analytics provider Lender Processing Services.

LPS noted more than 7.3m mortgages in some stage of delinquency or REO.

The national foreclosure inventory rate was nearly 3.2% in May, up from 3.18% in April, bringing the total non-current rate of loans either delinquent or in foreclosure to 12.4%.

Full HousingWire article: http://bit.ly/aE0GIU

President Signs Flood Insurance Extension!

2010-07-02T14:00:00.001-07:00

President Barack Obama today signed HR 5569, the "National Flood Insurance Program Extension Act of 2010," into law.

The law retroactively reauthorizes the Federal Emergency Management Agency (FEMA) to enter into new contracts for flood insurance under the National Flood Insurance Program (NFIP) through Sept. 30, 2010. It also reduces FEMA's authority to borrow under the NFIP by $50m to up to $20.725bn, according to a White House statement.

The Senate voted on the bill Wednesday in unanimous consent after the House of Representatives passed its own version last week.

Full HousingWire article: http://bit.ly/c8OJOc

FannieMae Updates Appraisal Policies

2010-07-02T13:54:00.000-07:00

Fannie Mae updated its selling guide to provide additional appraisal-related guidance.

The government-sponsored enterprise's (GSE) post-purchase reviews of mortgage loan files identified issues with appraisals. The new policy clarifications address those issues.

Fannie will now require interior photographs of specific rooms and areas of the house in the appraisal report.

The GSE provided guidance on when an appraisal is considered deficient and when a lender can make changes to the opinion of market value based on underwriter judgment, automated valuation models or other methodology.

The policy changes take effect for all mortgage loan applications dated on or after Sept. 1, 2010.

Full HousingWire article: http://bit.ly/9XcUZM

Rates at lowest level since mid-1950s!

2010-07-01T10:27:00.000-07:00

WOW! Apply Today: http://bit.ly/cVz6jm

Mortgage rates have sunk to the lowest level in more than five decades, but consumers aren't rushing to refinance their loans or buy homes.

Mortgage company Freddie Mac said Thursday the average rate for 30-year fixed loans sank to 4.58 percent this week.

That's down from the previous record of 4.69 percent set last week and the lowest since the mortgage company began keeping records in 1971. The last time they were cheaper was the 1950s, when most long-term home loans lasted just 20 or 25 years.

Full CNNMoney Article

Homebuyer credit extension heads to Obama

2010-07-01T09:49:00.000-07:00

First-time homebuyers will have until Sept. 30 to close on their purchases and land an $8,000 tax credit under a bill passed by the Senate by unanimous vote late Wednesday.

President Obama is expected to sign the bill, which was overwhelmingly approved by the House on Tuesday. The deadline had been June 30.

Full CNNMoney article: http://bit.ly/dCPQRH

House Offer Includes Sunset of HVCC!

2010-06-30T16:26:00.000-07:00

In an announcement by Chairman Frank released the House Offer on the financial reform overhaul bill. The proposed amendment for Title XIV includes the provision to sunset the Home Valuation Code of Conduct (HVCC).

Full N.A.R. article: http://bit.ly/9wfFc9

Foreclosures sell at 30% discount

2010-06-30T15:54:00.000-07:00

Foreclosures accounted for a third of all sales -- and sold at a nearly 30% discount -- during the first three months of 2010.

According to a new report from RealtyTrac, the marketer of foreclosed properties, 31% of all sales were foreclosures. And homebuyers purchasing those properties paid a whopping 27% less, on average, compared to sales of non-distressed homes.

These foreclosure sales include properties sold in short sales or after a bank repossession, known as REOs in industry terms. It does not include transfers from borrowers to banks, as in a sheriff's auction.

REOs, those homes already taken back from borrowers, commanded lower prices than short sales and other pre-foreclosures. The average REO sold for 34% less than conventional sales while pre-foreclosures averaged only 15% less.

Part of the reason for the bigger price cut for REOs is that many of them come to the market in poor condition, their previous owners either unable to or unwilling to maintain them.

Full CNNMoney article: http://bit.ly/cUwmyY

Great news for First Time Home Buyers!

2010-06-30T14:02:00.000-07:00

Home buyers may soon win more time to get to the closing table to qualify for a federal home-buyer tax credit of up to $8,000.

The House of Representatives passed the Homebuyers Assistance and Improvement Act on Tuesday to extend the deadline for the home-buyer tax credit, which would give buyers who have purchase contracts in place three more months to close on the sale. The measure still awaits approval in the Senate; a vote there could come as early as Wednesday.

Full MarketWatch artcle: http://bit.ly/9prirW

Search Listings Online For Free Right Now!

2010-06-30T10:24:00.000-07:00

We provide a free access to a home search that will help you find the home of your dreams! Our MLS search tool will allow you to save searches and save listings so you can keep coming back without the headache of starting the search all over again. If you are not sure what price range you qualify for, please apply now and we will have one of our qualified home loan specialists contact you and get you Pre-Apporved for your home.

Start your search today! http://bit.ly/aS9AZG

If you would like to speak with one of our Financial Representatives, call 1.866.558.3998 now!

For Sale: 3BR/2BA Single Family House in Rancho Cordova, CA, $199,900

2010-06-29T19:04:00.000-07:00

For Sale: 3BR/2BA Single Family House in Rancho Cordova, CA, $199,900

Charming home in high sought after Anatolia community! Nicely maintained property, pefect as starter home or investment.This 1507 square foot single family home has 3 bedrooms and 2.0 bathrooms.

Let Our REO Experience Be Your Advantage

2010-06-29T12:10:00.000-07:00

Our Services

Asset Financial Center staff has successfully closed transactions and/or has current relationships with the following companies:

• PennyMac
• Wachovia
• Wells Fargo
• Bank of America/Countrywide

Asset Financial Center embraces the ideal of quality. Their high level of success has been achieved by deriving accurate pricing, executing a detailed marketing plan and capitalizing on a respected reputation in the marketplace which allows them to quickly price, market and close the subject properties. We are well versed with Bank Owned properties and are prepared to assist with all of the required services below:

Property Analysis, Set-Up, Negotiation and Escrow

• Occupancy reports within 24 hours
• Cash for keys, continuation of a tenancy relationship or unlawful detainee determined
• Securing, re-keying, and winterization as required
• Assessing required maintenance, trash outs, cosmetic repairs (negotiated volume discounts with vendors based on usage)
• Full BPO/CMA with exterior and interior photos
• Initiating and maintaining all maintenance services
• Obtaining updated title reports
• Determine HOA and obtaining status of dues and assessments
• Present analysis of the BPO, listing "as is" vs. "repaired", and direction of current local market conditions
• On-going review of the market with current CMA every 21 days to determine optimal marketing
• Presentation of clean, completed purchase agreements with all required addendums, buyer loan approval and deposit checks.
• Coordination of complete escrow process

Still have questions or would like to contact us regarding our REO services?

• Call us at 888-210-9838 or email at info@AFC360.com

For Sale: 3BR/2+1BA Single Family House in West Sacramento, CA, $164,900

2010-06-28T13:18:00.000-07:00

For Sale: 3BR/2+1BA Single Family House in West Sacramento, CA, $164,900

Exquisitely remodeled 3 bedroom 2.5 bath home with over 1,500 square feet and built in sparkling pool. This home is located in a quiet cul de sac and desirable neighborhood. Living room dining room combo with brand new paint and carpet! Kitchen with black grantie county tops! This beautiful home is full of charm and character!

For Sale: 1BR/1BA Single Family House in Sacramento, CA, $234,900

2010-06-28T13:15:00.000-07:00

For Sale: 1BR/1BA Single Family House in Sacramento, CA, $234,900

Investor's paradise, bank owned river front property with boat dock on Garden Highway. This 900 square foot single family home has 1 bedrooms and 1.0 bathrooms. It is located at 2375 Garden Hwy Sacramento, California.

For Sale: 3BR/3BA Multi-Family in Sacramento, CA, $449,000

2010-06-28T13:11:00.000-07:00

For Sale: 3BR/3BA Multi-Family in Sacramento, CA, $449,000

Extraordinary 4 unit property in the highly desirable midtown region of downtown. 1 studio and 3 single bedroom units! All units are currently tenant occupied. Property shows well inside and out.

For Sale: 5BR/3+1BA Single Family House in West Sacramento, CA, $399,000

2010-06-28T13:02:00.000-07:00

For Sale: 5BR/3+1BA Single Family House in West Sacramento, CA, $399,000

Beautiful home in the Rivers community. Tastefully designed with granite counters, cherry cabinets and stone flooring. 2 master bedrooms, 1 upstars and 1 downstairs. Stunning backyard with waterfall sitting on the community park.

For Sale: 4BR/2+1BA Single Family House in Gold River, CA, $359,000

2010-06-28T13:00:00.000-07:00

For Sale: 4BR/2+1BA Single Family House in Gold River, CA, $359,000

Spacious home in Gold River. Large kitchen and living space make this a very functional space. All bedrooms and a loft are upstairs. This 3057 square foot single family home has 4 bedrooms and 2.5 bathrooms.

Understanding HAFA

2010-06-25T16:48:00.000-07:00

What is HAFA?

The Home Affordable Foreclosure Alternatives (HAFA) program is a government-sponsored initiative activated on 4/5/2010 that is overseen by the US Treasury Department and administered by Fannie Mae. The primary focus is aiding eligible homeowners by pre-approving short sales before listing and releasing them from future liability for the first mortgage debt

Who is eligible for HAFA?

• The property is the borrower's principal residence
• The mortgage loan is a first lien mortgage originated on or before 1/1/2009
• The mortgage is delinquent or default is reasonably foreseeable
• The current unpaid principal balance is equal to or less than $729,750
• The total monthly mortgage payment exceeds 31 percent of the gross income
• Short sale requested from current lien holder

What is the financial incentive of HAFA?

• Qualified homeowners receive $3,000 in borrower relocation assistance after a short sale (may classify as taxable income - please refer to your tax advisor or CPA)

Is my loan servicer participating in HAFA?

• Check here http://www.makinghomeaffordable.gov/contact_servicer.html

Still have questions or would like to confirm your eligibility for HAFA?

• Call us at 888-210-9838 or email at info@AFC360.com

2010-06-24T19:45:00.000-07:00

Under construction!

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