FHFA has announced the extension of the HARP by two years to December 31, 2015.

FreddieMac_logoGood news for Homeowners still underwater and trying to avoid foreclosure!

The Federal Housing Finance Agency (FHFA) has announced the extension of the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to expire December 31, 2013. We applaud this decision and will continue to fully support HARP for our eligible customers.fanniemae_logo

At a number of the major lenders, HARP has proven to be an important tool for enabling their customers, especially underwater homeowners, to achieve meaningful financial savings through interest rate reductions in a streamlined refinance transaction. Since 2009, Bank of America has been an important participant in HARP, providing interest rate reductions for more than 350,000 borrowers with loan-to-value ratios (LTVs) greater than 80 percent. This year we expect to fund more than 100,000 HARP loans.

Please view the FHFA press release and FAQs if you would like additional information about this announcement.

At Team Olsewski, we’re dedicated to providing you with valuable information and insights in the changing mortgage environment. For more about other resources to help you manage and grow your business, please contact us.

Keller Williams Realty 27290 Madison Ave. #200 Temecula, CA 92590
Selling your home? Contact us! (951) 506-5744
Looking for a great home?
You can search homes by licking your desired location:
Adelines Farm | Alta Vista | Arbor Glen | Bear Creek | Canyon Lake | Central Park |
Chardonnay Hills | Copper Canyon | Corona | Creekside Village | Crowne Hill | De Luz |
Four Seasons | French Valley | Glenoak Hills | Greer Ranch | Harveston Temecula |
Hemet | La Cresta Murrieta | Lake Elsinore | Lantana | Los Ranchitos | Mapleton |
Meadow View | Menifee | Moreno Valley | Morgan Hill Temecula | Murrieta |
North Star Ranch | Nuevo | Old School House | Paloma Del Sol | Paseo Del Sol |
Perris | Rancho Bella Vista | Rancho Highlands | Red Hawk Temecula | Riverside |
Roripaugh Hills | San Jacinto | Santiago Ranches | Serena Hills | Spencers Crossing |
Temecula | Temeku Hills | The Colony | The Knolls | The Vineyard | Vail Ranch |
Vintage Hills | Wildomar | Winchester | Winchester Creek |
Wine Country, Temecula | |Wolf Creek Temecula |
Team Olsewski can also be found through these media:

Posted in Credit Challenges, Fannie Mae, Foreclosure, Freddie Mac, HARP, Loan Modifications, Making Home afforable Program | Tagged , , , , , , , | Leave a comment

Fitch: High Rate of Unsuccessful Mods Threatens Asset Quality

Notice of Loan DefaultServicers continue to make strides in home retention efforts, completing more than 360,000 retention actions in the fourth quarter of 2012, according to a report from Office of the Comptroller of the Currency  (OCC). However, Fitch Ratings detects continued “weak asset quality trends,” especially among loans modified from 2008 through 2010.

In fact, Fitch’s findings lead the agency to fortify its belief that troubled debt restructurings should be counted as nonperforming assets.

“[W]e regard the high delinquency and foreclosure rates for recently modified mortgages as reflective of still elevated residential mortgage asset quality problems,” Fitch said this week.

Fitch admitted modification performance is showing improvement, but “opaque and inconsistent disclosure practices” prevent the agency from obtaining a clear picture of the number of successful loan modifications.

The OCC revealed in its Mortgage Metrics Report for the fourth quarter of last year that a little less than half —47.7 percent—of the nearly 2.9 million loans modified since the start of 2008 are current or paid in full.

About 7.1 percent are currently less than 60 days delinquent; 14.2 percent are 60 or more days delinquent; 7.7 percent are in the foreclosure process. Lastly, 7.3 percent have already been foreclosed.

The OCC reports higher success rates among particular types of modifications. For example, the agency finds greater success among HAMP modifications. However, the OCC notes, “more restrictive qualification criteria restrict the number of borrowers who may qualify for a HAMP modification.”

Additionally, modifications that result in at least a 10 percent reduction in monthly payments for borrowers perform better than those with lower payment reductions, according to the OCC.

As of the fourth quarter of last year, 54.8 percent of modifications with at least 10 percent payment reductions were current or paid in full, while 36.5 percent of those with lower reductions were performing or paid.

Fitch concedes there has been “incremental progress” in modification performance but maintains “the overall picture points to a continuation of broadly weak asset performance in mortgage portfolios.”

Thus, continuing to include troubled debt restructurings in the nonperforming asset category as they are “still weighing heavily” on nonperforming asset ratios for large financial institutions.

By: Krista Franks Brock

Keller Williams Realty 27290 Madison Ave. #200 Temecula, CA 92590
Selling your home? Contact us! (951) 506-5744
Looking for a great home?
You can search homes by licking your desired location:
Adelines Farm | Alta Vista | Arbor Glen | Bear Creek | Canyon Lake | Central Park |
Chardonnay Hills | Copper Canyon | Corona | Creekside Village | Crowne Hill | De Luz |
Four Seasons | French Valley | Glenoak Hills | Greer Ranch | Harveston Temecula |
Hemet | La Cresta Murrieta | Lake Elsinore | Lantana | Los Ranchitos | Mapleton |
Meadow View | Menifee | Moreno Valley | Morgan Hill Temecula | Murrieta |
North Star Ranch | Nuevo | Old School House | Paloma Del Sol | Paseo Del Sol |
Perris | Rancho Bella Vista | Rancho Highlands | Red Hawk Temecula | Riverside |
Roripaugh Hills | San Jacinto | Santiago Ranches | Serena Hills | Spencers Crossing |
Temecula | Temeku Hills | The Colony | The Knolls | The Vineyard | Vail Ranch |
Vintage Hills | Wildomar | Winchester | Winchester Creek |
Wine Country, Temecula | |Wolf Creek Temecula |
Team Olsewski can also be found through these media:

Posted in Chase Short Sales, Credit Challenges, HAMP, HARP, Loan Modifications, Making Home afforable Program | Tagged , , , , , | Leave a comment

Status of Short Sales?

Unfortunately short sales are not going to be going away anytime soon. Some of the data that supports this in California. As of today California is tied as the state with the highest unemployment. Until people can afford a mortgage the housing market will not really take off.

On a national level some statistics:

  • 10.5 million, or 21.5% of all properties with a mortgage, remain underwater.
  • Of the 38.1 million properties that remain in positive equity, 11.3 million have less than 20% equity.
  •  Nevada had the highest percentage of properties with mortgages in negative equity, roughly 52.4%.
  • Florida followed with 40.2% in negative equity.
  • Arizona 34.9% are negative.
  • Georgia and Michigan have negative equity rates of 31.9% and 33.8%, respectively. These five markets alone account for 32.7% of all homes in negative equity across the U.S. Source: Core Logic

Some additional data

2.3 million homes represented in “Shadow Inventory”  (7-9 month supply, $376B, down 12% from 2011) (CoreLogic as of Oct 2012)

Shadow inventory represented 85% percent of the 2.7 million properties that are seriously delinquent, in foreclosure or in REO (CoreLogic as of Oct 2012)

2.4 million additional borrowers are 30-60 days late and are not included in the shadow inventory numbers. (via LPS Monthly Monitor Report Dec 2012)

Est. 440,000 short sales in 2012. 1,000,000 expected in 2013 (Daren Blomquist of RealtyTrac)

If your lender does not want to work with you on a reasonable loan modification and you feel a short sale is your best option. I would like to meet with you to help you understand your options for your situation.

Short selling a home can be a challenging process that requires experience and expertise. So, you need to ensure yourself that you have a Short Sales Specialist who can communicate efficiently with you as well as your lender. Additionally, they must fully apprehend the entire short sale process and be capable of efficiently closing the deal. With that said, I am a Short Sale Specialists in Temecula, CA that has extensive experience with successful completions of short sales. I strongly encourage you to contact me and let me help you get on the right track! I have helped homeowners throughout South West Riverside county and Orange County work through successful short sales.

Keller Williams Realty 27290 Madison Ave. #200 Temecula, CA 92590
Selling your home? Contact us! (951) 506-5744
Looking for a great home?
You can search homes by licking your desired location:
Adelines Farm | Alta Vista | Arbor Glen | Bear Creek | Canyon Lake | Central Park |
Chardonnay Hills | Copper Canyon | Corona | Creekside Village | Crowne Hill | De Luz |
Four Seasons | French Valley | Glenoak Hills | Greer Ranch | Harveston Temecula |
Hemet | La Cresta Murrieta | Lake Elsinore | Lantana | Los Ranchitos | Mapleton |
Meadow View | Menifee | Moreno Valley | Morgan Hill Temecula | Murrieta |
North Star Ranch | Nuevo | Old School House | Paloma Del Sol | Paseo Del Sol |
Perris | Rancho Bella Vista | Rancho Highlands | Red Hawk Temecula | Riverside |
Roripaugh Hills | San Jacinto | Santiago Ranches | Serena Hills | Spencers Crossing |
Temecula | Temeku Hills | The Colony | The Knolls | The Vineyard | Vail Ranch |
Vintage Hills | Wildomar | Winchester | Winchester Creek |
Wine Country, Temecula | |Wolf Creek Temecula |
Team Olsewski can also be found through these media:

 

 

Posted in Foreclosure, HAFA Updates, Loan Modifications, Making Home afforable Program, Pre Foreclosure, Short Sale Buy Back, Short Sale Lease back, Short Sales | Tagged , , , , , , , , , , | Leave a comment

Team Olsewski Press Release

TEMECULA Real Estate Agent THOMAS OLSEWSKI Awarded Short Sale Lease Back Designation

Posted in Short Sale Buy Back, Short Sale Lease back, Short Sales | Tagged , , , , , | Leave a comment

How To Choose A Short Sale Realtor in Temecula California.

Partner First CertifiedHave you ever found yourself in a bit of a financial rut? You may understand that you might be headed for foreclosure. If you think you are just about out of choices, a short sale may be in your best interest, A short sale is the best alternative, especially if you have no desire to embrace the consequences of having the foreclosure process on your plate.

But first things first, define a short sale? Simply put, a Short sale is when a homeowner cannot hold down mortgage payments any longer and is on the verge of being foreclosed upon. You can then approach your lender and ask if you can short sell the home in question at a loss instead of the bank foreclosing. By doing so, the homeowner prohibits getting a nasty foreclosure on their credit and also provides them more time and alternatives when it comes to their next step. So the next question now is it easy to do or should the homeowner request assistance?

Never do it alone

Asking for help is never bad, especially if you don’t have a clue how something this complex goes about. Short sale dealings are one of those things that might seem really simple at first, but requires an individual that knows precisely what they’re doing, why they are doing it and when they are going to execute the plans to kick it in motion. This is where talking to a Temecula Short Sale Realtor will be a major help. While you can do it the easy way and directly go to a bank or lender to ask them for short sale input, there will still be tons of legal aspects that you might not be capable of understanding. Coupled with the fact of a looming property foreclosure and that you will still have to bring in a real estate agent in the process at some point anyway. You must find a Realtor who specializes in short sales.

Remember to choose wisely

With that said, how does a homeowner select the correct Short Sale specialist and what are the points to consider when hiring one? Below are some useful questions to ask a short-sales Realtor:HAFA Certified

• Ask of their experience and qualifications – this could be a really cliche’ subject for most short-sale agents, but it is very important that the homeowner gets a really clear response when this question is asked. This is a simple protection for the homeowner to make sure the short sales specialist has the experience and actual knowledge of the short-sales process and whether he/she can successfully represent you in the deal. It is also very important to ask about the Temecula short-sale specialist, qualifications and their education.So that you can safely assume that they have enough insight to push the deal through. Some important questions to be asking are the number of years he or she has been dealing with short-sales, their affiliations and the type of deals that they have successfully helped close.

• Ask you Short Sale Specialist about the number of deals the agent has successfully closed – while volume is not a predicament for the homeowner, they still might want to consider the number of successfully closed deals that the Realtor helped complete. “A lot” does not count as an indefinite answer and the homeowner may want to reconsider getting the services of the Realtor that propose them a vague answer like that.

• Ask about their strategy and how it affects your schedule – a Short Sale Specialist has a definite method or plan of attack might be encouraging to a homeowner especially if there is a tight time line that should be followed.

• Ask about the number of deals that they are currently handling – while it might be impressive that a Short Sale Specialist closed hundreds of successful deals, it might be wise to question them on their current status. It might be tempting to hire the engaged of the Temecula Short Sale Realtor due to them having many clients definitely says much about their reputation, but the sheer volume of their deals might affect their performance on closing your deal.

• Ask about YOUR schedule and time line – It is critical that the Short Sale Specialist knows your schedule so that they can adjust their priorities according to the due date assigned to you by the lender or the bank.

• Ask about their fees – this is probably one of the most important questions to be asking. Usually services to the homeowner are completely free and are paid for by your lender! No costs or out of pocket expenses! Be careful of any agent who wants to charge you fees. If anything, many sellers are able to get money back the lender short sale incentive programs.

Planning for the next step

The next step is the one that is significant: ask for the Temecula short sale specialist you just hired to come up with productive steps to short sale your home and what you need to know to effectively complete a short sale, for instance: you will need to produce a Short Sale Package which will contain important financial documentation in regards to your financial hardship. It is always important to remember that the short sale agent is there to make things easier for you and to offer service when needed but not hold your hand fully throughout the transaction. The most effective Short Sale Realtors are the ones who seem to be doing most of the legwork, but in reality are executing and educating you on how to properly position yourself and your property to close on the deal.

Short selling a home can be a challenging process that requires experience and expertise. So, you need to ensure yourself that you have a Short Sales Specialist who can communicate efficiently with you as well as your lender. Additionally, they must fully apprehend the entire short sale process and be capable of efficiently closing the deal. With that said, I am a Short Sale Specialists in Temecula, CA that has extensive experience with successful completions of short sales. I strongly encourage you to contact me and let me help you get on the right track! I have helped homeowners throughout South West Riverside county and Orange County work through successful short sales.

 

Posted in Chase Short Sales, Credit Challenges, Fannie Mae, Foreclosure, Freddie Mac, HAFA Short Sales, HAFA Updates, Mortgage Foregiveness Act, Pre Foreclosure, Short Sales, Wells Fargo Short Sales | Tagged , , , , , , , , , | Leave a comment

Making Home Affordable Program

There is help for homeowners in the Temecula and Murrieta area’s of Riverside County.

If you would like more information about the Making Home Affordable program please give us a call we are here to help! For questions about Making Home Affordable Program, please contact me at 951-506-5744 or send me an email.

 

Keller Williams Realty 27290 Madison Ave. #200 Temecula, CA 92590
Selling your home? Contact us! (951) 506-5744
You can search homes by licking your desired location:
Adelines Farm | Alta Vista | Arbor Glen | Bear Creek | Canyon Lake | Central Park | Chardonnay Hills | Copper Canyon | Corona | Creekside Village | Crowne Hill | De Luz | Four Seasons | French Valley | Glenoak Hills | Greer Ranch | Harveston Temecula | Hemet | La Cresta Murrieta | Lake Elsinore | Lantana | Los Ranchitos | Mapleton | Meadow View | Menifee | Moreno Valley | Morgan Hill Temecula | Murrieta | North Star Ranch | Nuevo | Old School House | Paloma Del Sol | Paseo Del Sol | Perris | Rancho Bella Vista | Rancho Highlands | Red Hawk Temecula | Riverside | Roripaugh Hills | San Jacinto | Santiago Ranches | Serena Hills | Spencers Crossing | Temecula | Temeku Hills | The Colony | The Knolls | The Vineyard | Vail Ranch | Vintage Hills | Wildomar | Winchester | Winchester Creek | Wine Country, Temecula | |Wolf Creek Temecula |
Team Olsewski can also be found through these media:

Posted in Credit Challenges, Loan Modifications, Making Home afforable Program, Mortgage Foregiveness Act, Pre Foreclosure, Short Sales | Tagged , , , , , | Leave a comment

Short Sale – Lease Back Option

Short Sale Lease Back Program

SSLB logo JPGHomeowners facing a foreclosure may now be able to lease back and in some lender approved situations buy back their home after a short sale.  A newly launched program provides another option for homeowners who can’t afford their mortgage payments or have been rejected for a loan modification.

Until recently, the Homes Affordable Foreclosure Alternatives program required that a short sale be an “arm’s-length” transaction, meaning the buyer and seller could not be related and could not have a prior agreement for the homeowner to stay in the property.

A new supplement to the HAFA guidelines “amends this restriction to allow servicers the discretion to approve sales to non-profit organizations with the stated purpose that the property will be rented or resold to the borrower, so long as all other HAFA program requirements are met.”

For homeowners who qualify, the HAFA program now allows a homeowner to sell a home, rent it back for three years.

PROGRAM DETAILS

  1. –You must work with a real estate broker who has a relationship with a qualified non-profit organization. Not all non-profits are qualified or have the resources.
  2. –The non-profit will purchase the home.
  3. –The seller will then rent the home back for a minimum of three years, allowing their credit history and FICO scores to heal so that they can qualify for a mortgage.
  4. If everything goes as planned, the former owner can potentially repurchase the home, perhaps at a giant discount (Only with lender approval).

Not all homeowners qualify for the program. Borrowers must have sufficient income to afford the monthly rent payments in addition to their other debt payments. For those who do qualify, the impact could be similar to a slow-motion loan modification with a principal reduction to their loan amount.

Homeowners who don’t qualify for this program can still proceed with a traditional short sale, which may include a relocation incentive from $3,000 to as high as $45,000, depending on their lender, loan amount and individual situation.

Either option is better than a financially devastating foreclosure, which can crush a consumer’s credit, hinder their ability to find a home to rent and perhaps even impact their jobs.

Banks prefer short sales over foreclosure and even loan modifications because they net 12 percent to 20 percent more money from them.

A survey of homeowners last month showed that 83 percent of those who bought short sales were satisfied with their purchase, according to online real estate resource HomeGain. Short sale buyers were the most satisfied of any other sale type, the study indicated.

Advantages of the Lease Back Program

  • Allows Homeowner To Stay In Their Home

    One of the biggest advantages in our Lease back Buy Back program is it allows the homeowner to stay in their home . This is a tremendous advantage for families

  • Provides Afforable living

    Our Lease Back Buy Back program will stop the foreclosure process and also provides affordable living while you work to reestablish your credit to buy back your home.

IMPORTANT NOTICE: We are not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.

Posted in Chase Short Sales, Citi Mortgage Short Sales, Credit Challenges, Foreclosure, HAFA Short Sales, HAFA Updates, Pre Foreclosure, Short Sale Lease back, Short Sales | Tagged , , , , , , , , | Leave a comment

Good News From Wells Fargo for Short Sale Processing.

We have received some good news from Wells Fargo with regards to short sale processing. They will be simplfying the qualification process for Temecula and Murrieta Homeowners who need to sell their home via a short sale.

Your Voices have been heard.

logo_62sqWells Fargo to roll out new Equator Low Doc Process

Effective 2-15-13, for all loan portfolios except FHA, agents will no longer be receiving the following tasks within Equator

  • ·         Hardship Reasons
  • ·         Financial Information

Equator has removed these tasks in order to provide agents a better experience when navigating through Equator and to provide agents a quicker response and decision timeframe for their short sale.

On 2-15-13 Agents will receive the following task instead:

  • ·         Upload Required Documents

Prior to agents receiving this task, Wells Fargo will review the file in order to request only the documents needed to review that specific file.   This avoids agents from having to upload blank or search for and upload potentially unnecessary documents.

What does this mean for you as a homeowner?

If we don’t need a document, we won’t ask for it, and you won’t have to find it.    This will allow your file to move quicker through our processing pipeline and get an approval even faster!

Wells Fargo has already been one of the best lenders for my team to work with as we have received a short sale approval within 22 days from teh time the offer to purchase was submitted for review.

For questions about Short Sales, please contact me at 951-506-5744 or send me an email.

Keller Williams Realty 27290 Madison Ave. #200 Temecula, CA 92590
Selling your home? Contact us! (951) 506-5744
Looking for a great home?
You can search homes by licking your desired location:
Adelines Farm | Alta Vista | Arbor Glen | Bear Creek | Canyon Lake | Central Park |
Chardonnay Hills | Copper Canyon | Corona | Creekside Village | Crowne Hill | De Luz |
Four Seasons | French Valley | Glenoak Hills | Greer Ranch | Harveston Temecula |
Hemet | La Cresta Murrieta | Lake Elsinore | Lantana | Los Ranchitos | Mapleton |
Meadow View | Menifee | Moreno Valley | Morgan Hill Temecula | Murrieta |
North Star Ranch | Nuevo | Old School House | Paloma Del Sol | Paseo Del Sol |
Perris | Rancho Bella Vista | Rancho Highlands | Red Hawk Temecula | Riverside |
Roripaugh Hills | San Jacinto | Santiago Ranches | Serena Hills | Spencers Crossing |
Temecula | Temeku Hills | The Colony | The Knolls | The Vineyard | Vail Ranch |
Vintage Hills | Wildomar | Winchester | Winchester Creek |
Wine Country, Temecula | |Wolf Creek Temecula |
Team Olsewski can also be found through these media:


Posted in Credit Challenges, Pre Foreclosure, Short Sales, Wells Fargo Short Sales | Tagged , , , , , , , , , | Leave a comment

Bank of America Cooperative Short Sale Program Update

bofa_logoThe Bank of America Cooperative Short Sale Program may be able to help you complete a short sale if you owe more on your mortgage than your Temecula, Murrieta, Menifee or Hemet home is worth and do not qualify for the Home Affordable Foreclosure Alternatives (HAFA) short sale program. This program can streamline the approval process and offers financial assistance to help homeowners with relocation and moving expenses.

As of January 15, 2013,
 there will no longer be a temporary foreclosure hold during the Cooperative Short Sale property marketing phase. We may begin or continue the foreclosure process up until a submitted offer to purchase the property is approved by all relevant parties.  Any existing short sale will not be impacted by this change.

As a homeowner you need to pay close attention to foreclosure notices.
To learn more about the program view the quick reference guide on the Agent Resource Center. This is another reason that if other options you a trying are not working in helping you avoid foreclosure DO NOT WAIT TO THE LAST MINUTE to try and do a short sale.

For questions about active Cooperative Short Sales, please contact me at 951-506-5744 or send me an email.

Keller Williams Realty 27290 Madison Ave. #200 Temecula, CA 92590
Selling your home? Contact us! (951) 506-5744
Looking for a great home?
You can search homes by licking your desired location:
Adelines Farm | Alta Vista | Arbor Glen | Bear Creek | Canyon Lake | Central Park |
Chardonnay Hills | Copper Canyon | Corona | Creekside Village | Crowne Hill | De Luz |
Four Seasons | French Valley | Glenoak Hills | Greer Ranch | Harveston Temecula |
Hemet | La Cresta Murrieta | Lake Elsinore | Lantana | Los Ranchitos | Mapleton |
Meadow View | Menifee | Moreno Valley | Morgan Hill Temecula | Murrieta |
North Star Ranch | Nuevo | Old School House | Paloma Del Sol | Paseo Del Sol |
Perris | Rancho Bella Vista | Rancho Highlands | Red Hawk Temecula | Riverside |
Roripaugh Hills | San Jacinto | Santiago Ranches | Serena Hills | Spencers Crossing |
Temecula | Temeku Hills | The Colony | The Knolls | The Vineyard | Vail Ranch |
Vintage Hills | Wildomar | Winchester | Winchester Creek |
Wine Country, Temecula | |Wolf Creek Temecula |
Team Olsewski can also be found through these media:



Posted in Bank of America Short Sales, HAFA Short Sales, Pre Foreclosure, Short Sales | Tagged , , , , , | Leave a comment

Fannie Mae and Freddie Mac updates

fannie_mae_logoFannie Mae and Freddie Mac announced changes to their servicing requirements for short sales. Please be aware of the following key changes for all parties involved in a short sale. These changes apply to all Fannie Mae and Freddie Mac short sales, with an offer and without an offer.

FreddieMac_logo

  • Title Transfer requirement change:
    • The buyer is prohibited from selling the property for any sales price for a period of 30 days from the date of the deed.
    • After a 30 day period, and until 90 days from the date of the deed, the buyer is further prohibited from selling the property for a sales price greater than 120% of the short sale price.

Note: The above restrictions will run with the land and are not personal to the grantee.

Below is an example on how to calculate the 120%:

    • Purchase Price is $100,000.00
    • 120% of the purchase price would be
      $100,000.00 X 1.2 = $120,000.00

 

  • Relocation Assistance:
    • The borrower may be entitled to an incentive payment of $3,000 from Fannie Mae / Freddie Mac to assist with relocation expenses following successful completion of a short sale unless:
      1. The borrower is required to contribute funds or execute a promissory note.
      2. The borrower has Permanent Change of Station (PCS) orders and receives a Dislocation Allowance (DLA) or other government relocation assistance.
      3. The servicer has knowledge that the borrower is receiving relocation assistance from another source other than the servicer.

Note: If the borrower receives relocation assistance from a source other than Fannie Mae / Freddie Mac or the Servicer, the difference in the relocation assistance amount up to the $3,000 incentive maximum may be provided. If the borrower will receive relocation assistance from a source other than Fannie Mae / Freddie Mac or the Servicer and the amount is equal to or greater than $3,000, no relocation incentive will be provided.

 

Keller Williams Realty 27290 Madison Ave. #200 Temecula, CA 92590
Selling your home? Contact us! (951) 506-5744
Looking for a great home?
You can search homes by licking your desired location:
Adelines Farm | Alta Vista | Arbor Glen | Bear Creek | Canyon Lake | Central Park |
Chardonnay Hills | Copper Canyon | Corona | Creekside Village | Crowne Hill | De Luz |
Four Seasons | French Valley | Glenoak Hills | Greer Ranch | Harveston Temecula |
Hemet | La Cresta Murrieta | Lake Elsinore | Lantana | Los Ranchitos | Mapleton |
Meadow View | Menifee | Moreno Valley | Morgan Hill Temecula | Murrieta |
North Star Ranch | Nuevo | Old School House | Paloma Del Sol | Paseo Del Sol |
Perris | Rancho Bella Vista | Rancho Highlands | Red Hawk Temecula | Riverside |
Roripaugh Hills | San Jacinto | Santiago Ranches | Serena Hills | Spencers Crossing |
Temecula | Temeku Hills | The Colony | The Knolls | The Vineyard | Vail Ranch |
Vintage Hills | Wildomar | Winchester | Winchester Creek |
Wine Country, Temecula | |Wolf Creek Temecula |
Team Olsewski can also be found through these media:

Posted in Fannie Mae, Freddie Mac, Short Sales, Uncategorized | Tagged , , , , | Leave a comment