Is it Difficult to Receive an Approval on a Homeward Residential Short Sale on My Home?

Posted on Dec 1, 2012 in Roseville and Sacramento Short Sale FAQs

Hi, this is Mark Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialists. Today our topic is on Homeward Residential and a recent Short Sale success with them. We just closed one with Homeward Residential and this one was a second lien. It was a line of credit and it was a GMAC Mortgage. It’s actually good that the homeowner chose short sale in this case because we had a line of credit in second position, if the first foreclosed and in this case it was Homeward Residential, they would still be liable for that line of credit from GMAC. GMAC could have the rights to pursue them. So in this particular case a short sale really has a huge benefit to the borrower even more so because of the deficiency rights that were possible.

So if you have any questions about your mortgage, and you either have a mortgage with Homeward Residential or maybe GMAC Mortgage or even someone else out there, give me a call. Let’s talk about it and look at your situation and we’ll see if a short sale is a smart move for you or not. One of the things I recommend is to take a look at the short or stay calculator on my website. All you have to do is enter in your property information and it will give you a full detailed report on whether or not a short sale might be a good idea and how long it’s going to take for you to break even if you continue making payments where you’re at. Again, I’m Mark Peek with Keller Williams, your Roseville and Sacramento short sale specialist and I’m here to answer any questions you may have about the short sale process. Thanks and have a great day.

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Do You Have A Home Loan With American Home Mortgage Servicing/Homeward Residential?

Posted on Jul 20, 2012 in Roseville and Sacramento Short Sale FAQs

Hi, this is Mark Peek at Keller Williams Real Estate, your short sale specialist for the Roseville and Sacramento area. I wanted to talk to you today about American Home Mortgage Servicing. Many of you may have received a notice in the mail stating that they have changed their name to Homeward Residential. Some of my clients started receiving things in the mail from them, typically collection notices, but there wasn’t really any explanation for them. At first, we thought it was a third party trying to collect on their behalf. After further research, they have changed their name, supposedly to provide better service to their customers but that remains to be seen.

If you have any questions about a mortgage that has been transferred to Homeward Residential, I’d be happy to talk to you about that. Essentially everything has stayed the same over there, especially with short sales. The only real change was the name change. If you have any questions or concerns because you’re considering a short sale with Homeward Residential, give me a call and I’d be glad to talk to you about it.

If you’re on the fence and not sure if it’s the right decision for you, you might want to take advantage of the short sale calculator that’s on my website. All you have to do is input your street address, principal balance on your mortgage, interest rate and monthly mortgage payment and it’ll send you a report with information on how long it will take for you to breakeven and if a short sale is the right choice for you given your particular situation. If you have any other questions, you can hit Start at the top of the page and enter in your information or you can give me a call at Keller Williams. Thanks for joining me today, I look forward to helping you with your short sale.

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