How Does Homeward Residential Selling their Servicing to Ocwen Affect You and Your Short Sale?

Posted on Nov 21, 2012 in Roseville and Sacramento Short Sale FAQs

Hi this is Mark Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialist. If you have a mortgage with American Home Mortgage Servicing, you have already had a servicing change to Homeward Residential which was essentially mostly a change to management. Most of the servicing stayed the same. Most of the people and higher ups remained the same and there are very little differences.

It did change and cause a lot of confusion for homeowners who are in loan modifications and short sales. It’s going to get even more interesting because Homeward Residential is selling their portfolio of residential mortgages to Ocwen. So what does that mean? It means if you are in the middle of a loan modification or short sale, there is a chance you may have to start over with Ocwen. So Ocwen has been on a mission to increase their mortgage servicing. They feel it’s a good move for them and there is a lot of money in mortgage servicing.

Homeward Residential isn’t the only mortgage servicing unit they purchased. They are also in the process of purchasing GMAC ResCap. With these two purchases, they are going to be one of the top four or five mortgage servicers in the United States. We have closed lots of short sales with Ocwen. If you have any specific questions about your situation and what you should do and if you are considering a short sale and you have a mortgage with either Ocwen Homeward Residential or GMAC ResCap or someone else, check out my website. I have a short or stay calculator on there that is free for you to use. Just enter in your information and it will give you a detailed report of whether or not you should short sell or stay in your home. Again, I’m Mark Peek with Keller Williams Realty, your Roseville and Sacramento short sale specialist and I’m here to help. Please contact me today and I look forward to hearing from you soon.

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Another Short Sale Success With Another New Lender In Homeward Residential

Posted on Oct 24, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone this is Mark Peek with Keller Williams Realty here in Roseville and Sacramento thank you for your time today. I work with Roseville and Sacramento homeowners every day to find their best option for avoiding foreclosure and use this blog to share valuable information for homeowners in the same situation. If you are currently behind on your payments and your mortgage is underwater please take a minute to browse my website or call my office directly to chat with a short sale expert about the options for selling your distressed property.

For my blog today I wanted to talk with Roseville and Sacramento homeowners who have their mortgage through Homeward Residential about the opportunity to complete a short sale. Homeward Residential really came out of nowhere and is actually the new name for a common lender in this area, American Home Mortgage Servicing. I recently closed my first short sale with Homeward Residential and everything went great. GMAC was the second line holder on this Roseville and Sacramento property but I was able to settle the entire debt for the selling price and we even qualified for HAFA. While not every short sale client I take on is able to qualify for HAFA it is a big help to Roseville and Sacramento homeowners when they know there is a check waiting for them at the closing table. The team at Homeward Residential did a great job helping my client sell their distressed property and I look forward to working with them the next time I have a Homeward Residential short sale. Even if you think you would not qualify for a HAFA short sale it is in your best interest to contact a short sale professional to learn more.

Many Roseville and Sacramento homeowners are denied for programs like HAFA for the wrong reasons which is why someone with short sale success can be a big help. Please fill out a contact form on my website or call me today if you are ready to short sale your property through Homeward Residential. Thank you for your time today and I look forward to helping you in the future with all of your Roseville and Sacramento real estate needs.

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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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