Helping Homeowners Avoid Foreclosure in Roseville and Sacramento

What You Should Know If Considering A Short Sale On Your City of Roseville Home Loan

Posted on Feb 8, 2012 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek, your short sale specialist in the Roseville and Sacramento area, thanks for checking out my blog today. I work with Keller Williams Realty in the Roseville and Sacramento and use my blog to provide valuable content to homeowners looking to avoid foreclosure. If you are considering a short sale or have questions about the process stop by my website for more information or contact me directly with any questions.

For my blog today I wanted to talk about completing a short sale if your home loan is through the city of Roseville and Sacramento’s Affordable Housing Program. If you are one of these homeowners you may have a silent second mortgage that was used to help make the down payment when purchased. Because this mortgage is through the city of Roseville and Sacramento and not a bank there may be some guidelines you’ll need to follow in the event of a short sale. First off, the home will have to be sold to a owner that will occupy the residence and not use it for commercial purposes. The only exception to this is if we are able to demonstrate that this is the only buyer available for the home. Having this second lien on your property does not have to complicate the short sale process but will require your agent to satisfy both of the lenders.

If you are considering a short sale and your property has a second lien through the city of Roseville and Sacramento please contact me to make sure your short sale is successful. I have worked with the city of Roseville and Sacramento in the past and have the experience to get lien released and your property sold. If your mortgage is underwater and you live in the Roseville and Sacramento please give me a call to discuss your options. Thank you for your time today and I look forward to hearing from you soon.

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