5 Steps For Reno/Sparks Homeowners To Prevent Foreclosures
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On 7-1-09 a homeowner, owner-occupied residents in Nevada, will be allowed to request for mediation in attempts to keeps his house and negotiate a loan modification.
Here the site for more information http://www.leg.state.nv.us/75th2009/Bill…
4 steps for a homeowner to keep his house and get a loan modification, 1 step if all else fails:
1.) Talk to the bank and request a loan modification. Start step 2 with in the week.
2.) Go to www.makinghomesaffordable.org and request a loan modification
3.) Contact a senator/congressman and ask for his help getting a loan modification.
A.) If you live in the Reno/Sparks Greater area and would like a list of house that haves sold in your neighborhood to take to your elected official goto http://chancegates.com/about and request more information.
4.) Request Mediation
5.) Contact you local real estate professional and ask about a short sale.
Understand I’m not a lawyer and will not give legal advice, however I have been told if you are still living in the house and meet all the HAFA requirements that, there is no deficiency judgment against the homeowner for a short sale.
As a Reno/Sparks real estate professional, I encourage all questions and comments on the Reno/Sparks real estate market or any of the articles posted in this blog. Please feel free to use my back door to the MLS and search the houses available in the Reno/Sparks and most Northwest Nevada neighborhoods. I can be reached by email @ chance@ballard-company.com or http://www.myspace.com/chancegates . You can also follow me at http://www.twitter.com/chancegates . If you are behind on your house payment and looking for a loan modification, go to making homes affordable to request a modification. If the modification fails, contact your local real estate professional to help short sale your home. To make sure there is no deficiency judgment a homeowner might find it necessary to hire an attorney. .
