Tami Saner's Blog

  “Bank of America offering up to $30,000 for short sales”  NEW YORK (CNNMoney) -- Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure.    Under the plan, Bank of America (BAC, Fortune 500) wi...

“SHORT SALES ARE GETTING APPROVED FASTER”   Fannie Mae & Freddie Mac have been mandated to implement a streamline process to move short sales to a conclusion within a 60 day time period. Under the Federal Housing Finance Agency (FHFA) directive, the following items will be put in place: • Review ...

  “SELLERS BEWARE”   Do Not Pay Upfront Fees to Participate in the “Keep Your Home California” Program   Save Your Home California – Beware of anyone asking for upfront fees. The Keep Your Home California application is a free program. Do not fall into the trap of anyone calling you and asking fo...

  CALL TODAY TO SEE IF YOU QUALIFY   888-954-5337   Visit http://keepyourhomecalifornia.org/programs.htm      Meanwhile, if you or someone you know is struggling with an upside-down property in California and don’t know what to do, Contact Tami Saner HAFA Certified Short Sale Specialist for a FRE...

What are Some Tips to Avoid Loan Modification Frauds? Loan Modification Scams often operate by charging homeowners thousands of dollars out of pocket to negotiate an agreement with the bank. But instead of working out a modification, the company simply steals the money, does no work for the borr...

What is a Mortgage Modification Loan? A loan modification isn't a loan. It's not termed a "loan modification loan" -- it's just called a "loan modification." It works by allowing homeowners and their lenders to negotiate to change the terms of a mortgage, usually to make the payments lower and m...

Can a Homeowner Complete a Loan Modification on Their Own   Homeowners can successfully negotiate a loan modification on their own, although it is somewhat more uncommon than hiring an Attorney or private company and obtaining one. With a decent amount of time to call the lender and sit on hold ...

Should the Seller Write a Letter Requesting a Loan Modification? This is usually called a hardship letter, and must be included with the application for a loan modification. In general, homeowners should describe what caused them to fall behind in their mortgage payments, whether it was a job los...