What I Need to Know About Completing a PHH Short Sale

Posted on Mar 12, 2012 in Roseville and Sacramento Short Sale FAQs

Hi, I am Mark Peek here at Keller Williams Real Estate, one of Roseville and Sacramento’s short sale specialists. Do you have a mortgage with PHH? Have you ever heard of PHH? Well, that’s ok because they are not very well known. There are some clients that I’ve run into that have servicing by PHH and if you have wondered if they will do short sales, I have completed short sales with PHH before. They are relatively easy to work with as long as you know who to contact when things are not moving forward. It typically happens with many lenders and it especially happens with PHH. So if you have a situation where you are wondering if a short sale is the right decision for you, I suggest you take advantage of the tool I have available on my website which is the short or stay calculator. Plug in your information into the calculator and it will give you an idea of what the value is on your home and how long it’s going to take for you to break even and whether or not a short sale is the right decision for you.

So, if you have any other questions about short sales with PHH or maybe you have some other lien holders besides them, I’d be happy to talk with you. Again, I’m Mark Peek with Keller Williams Real Estate, one of Roseville and Sacramento’s short sale specialists and I’m here to help. You can also hit the start here button at the top of the page and I’ll get back to you as soon as possible. Thanks and have a great day.

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Are You Thinking About Short Selling Your Home? Act Now Before The MDRA Expires!

Posted on Feb 13, 2012 in Roseville and Sacramento Short Sale FAQs

Hi, this is Mark Peek at Keller William’s Real Estate in Roseville and Sacramento. I am your short sale specialist for this area and I encourage you to get in touch with me if you are struggling to pay your mortgage, are upside down on your home, or are in the midst of foreclosure.

Today we are going to discuss the Mortgage Debt Relief Act of 2007. If you don’t already know, the MDRA is set to expire at the end of 2012. What does that mean for someone that’s underwater and considering a short sale? The time to consider a short sale is now. On average it takes 4-6 months to close a property from start to finish. Some short sales can take even longer, depending on condition and comparable homes. If you wait too long, you may see the window of opportunity to short sell your home without paying taxes close on you.

I highly recommend talking to your tax professional because if you are considering a short sale, the time to get started is now. No one knows if they are going to extend the Mortgage Debt Relief Act, however the government is hungry for tax dollars and after five years of mortgage debt relief, they may decide that this is the time to reap the benefits of people that are short selling their homes.

If you would like more information about the Mortgage Debt Relief Act or on short selling your home, I would be happy to help you. I have an abundance of resources to offer you, as well as the experience and knowledge to guide you through the process. Please contact me today so we can sit down, discuss your specific situation, and get you started on successfully short selling your home. I look forward to hearing from you.

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An Interesting Short Sale Story While Working With AHMSI

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

Hello everyone my name is Mark Peek with Keller Williams Realty, your Roseville and Sacramento area short sale specialist, thank you for checking out my blog today. I work with homeowners in the Roseville and Sacramento area to avoid foreclosure and I update my blog frequently to provide valuable information on that exact topic. If you are behind on your mortgage, or already considering a short sale, please browse my website for more information or give me a call to discuss your options.

Today I wanted to talk specifically with homeowners who may have their mortgage through American Home Mortgage Servicing Incorporated. Their company name can be tough to remember and unfortunately their negotiators can be even more of a headache. On one particular file I received a handful of e-mails that were not only hard to read but also made no mention of responding to my inquiries. Granted this is only one of their many negotiators but it just goes to show that sometimes it is necessary to seek out a manager in order to get a short sale approved. On this short sale I ended up reaching out to some of the vice presidents of the company in order to get this deal closed.

While every short sale file is not nearly this troublesome it does show how dedicated I am to helping homeowners get out from under their distressed property. Hopefully my short sale experiences with AHMSI are better in the future but either way we will get an approval If you have a mortgage with AHMSI, or any other lenders, please give me a call today to discuss your options for avoiding foreclosure. I am Mark Peek your Roseville and Sacramento short sale specialist, thank you for your time and have a great day.

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Taking Advantage Of The Mortgage Debt Relief Act

Posted on Jan 11, 2012 in Roseville and Sacramento Short Sale FAQs

Thanks for visiting my blog today. I’m Mark Peek with Keller William’s Real Estate, your short sale specialist in the Roseville and Sacramento area. If you are in the midst of foreclosure, or headed towards it, I can offer you a solution that can solve some of your financial problems: short selling your home.

I wanted to talk to you today about the Mortgage Debt Relief Act because a lot of people don’t realize that if you have an intention of considering a short sale in the near future, the Mortgage Debt Relief Act expires at the end of 2012. At this time, there’s no indication that it will be extended. You might be asking what the Mortgage Debt Relief Act is. If you are a short sale seller, when you close on your short sale, you’ll receive a 1099 for the difference of how much you owed and how much the bank netted on the sale of your home.

If you are considering doing a short sale, I wouldn’t risk what could happen at the end of the year. With 2012 being an election year and the Mortgage Debt Relief Act expiring, there is a lot of uncertainty out there in regards to the real estate market. The government wants more taxes and they may take a look at this law and all of the forgiven debt and do away with it.

If you are interested in doing a short sale, please give me, your short sale specialist, a call today. You can also fill out the "Getting Started" Form on my website and tell me about your specific situation. By allowing me to sit down and discuss your specific situation, I can help you determine if short selling your home is the right choice for you. Should it be the right decision, I can provide you with the information and education you need while walking you through the process to successfully short sell your home.

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