Duane Kemp -

If you are reading this you are probably in the same situation I was not to long ago. I spent hours researching short sales and looking for a real estate agent that had experience with short sales. They all say they have short sale experience but how do you really know? Well I’m writing today to tell everyone that Sidney and his team are experts in short sales. He guided us through the process in an exceptional and thorough manner. He had several strategies to selling our house and was able to secure a qualified buyer with a two hour open house. There were no more showings or open houses needed. Our privacy and daily routine were not interrupted. All documents were done through his office with minimal requirements from us. We are very thankful for Sidney and his exceptional team for helping us short sale our home. Duane & Paige K, Temecula, CA 92591

Greed at Real Time Resolutions, Inc. is bad business.

I have a  HAFA short sale approval from CHASE  for my sellers through a special program from the VP at CHASE.
This program offers the homeowner $30,000 to make a fresh start. Sounds to good to be true, but it is true. Here is the letter.

Real Time Resolutions has also been  offered an incentive of $6,000.00 to release their lien on this home.
You would think that this is a sweat deal and all parties would look forward to closing this transaction and move on.

Well the Short Sale Analyst at Real Time Resolutions wants the sellers to give up their CHASE  incentive and pass it on to them.
They will not approve the short sale with the incentive going to the seller. I have pointed out to Real Time Resolutions that this is a HAFA approved short sale and they are being offer the maximum allowed. Also in California the seller is not allowed to contribute any funds to the lender in a short sale ( SB458 ).

They countered with and email that they would be forced to close this file or they would now settle for half of the buyers incentive.
I again had to point out that the seller can not offer them any funds, it the law. They responded that it  is bad business to offer the seller an incentive yet I think its bad business to force a foreclosure were their investor would net a minus $0  instead of the $6,000.00 incentive offered them.

I was told by Real Time Resolution that it did not matter to who I escalated this file to at RTR I would receive the same answer.

I think the  greed at Real Time Resolutions is bad business, why would they want a home to go to foreclosure and not agree to the terms offered by the US Treasury HAFA program. 

It’s my plan to put the power of Google and social media to work for my clients and avoid a foreclosure. If you have a contact at RTR or any helpful info please comment to this post.

Is it really is FREE to use a Temecula Short Agent?

Yes. Temecula Homeowners facing foreclosure do not have to worry about paying the normal selling costs charged by real estate agents. When you need the best Temecula Short Sale Agent you get him FREE!

As your Temecula Short Sale Agent you have no out-of-pocket for the following items….

1.  COMMISSIONS
2.  ESCROWS FEES
3.  TITLE FEES
4.  BUYERS COSTS
5.  HOA TRANSFER COSTS

Plus you are released 100% from any past due mortgage fees and all principle and interest owned to your lender. As your Temecula short sale agent I also make sure the buyer is aware you are not going to cover any repair or termite issues. 

As your Temecula Short Sale Agent I can keep your sale low key with…..

1. NO FOR SALE SIGN IN YOUR YARD
2. NO LOCK BOX ON YOUR DOOR
3. NO DRAMA
4. NO PARADE OF AGENTS THROUGH YOUR HOME

Take advantage of my 17 years of doing short sales here in Temecula Ca. Ask me about the incentives offered by many lenders to help you with relocation costs.

Call Sidney Kutchuk 951-215-6745 or click Temecula Short Sale Agent 

Updates to the HAFA Short Sale Program in 2012

HAFA Update 2012 - Home Affordable Foreclosure Alternative Extended another year!

• The removal of occupancy requirements. Previously, HAFA required homeowners to have lived in the property within the last 12 months.

• $3,000 relocation incentives will be limited to properties occupied by an owner or tenant at the time of the short sale.

• Mortgage payments will be allowed to exceed 31% of the homeowner’s gross monthly income. This update will allow a homeowner to stay current on her mortgage and still qualify, minimizing the overall impact to her credit.

• Secondary lienholders may receive up to a maximum of $8,500, up from $6,000 previously.

• And one of the most dramatic changes: The Credit Bureau Reporting will be Account Status Code 13 (paid or closed account/zero balance) or 65 (account paid in full/a foreclosure was started), as applicable.

 at your service,

Sidney Kutchuk  AKA…Cyber Sid      SHORT SALE AGENT    www.aShortSale.com
   CALL ME, 951.217-6745 cell

 41720 Winchester Rd #I  Temecula Calif. 92590      951.676-4663    DRE# 01156692   

HAFA Update 2012 - Home Affordable Foreclosure Alternative Extended another year!

Friday, March 9th 2012, the Obama Administration announced major updates to the Home Affordable Foreclosure Alternative (HAFA) program. Created in 2009, HAFA is a government-sponsored (US Treasury) initiative assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure through the short sales process & deed-in-lieu program.

These new  HAFA updates will be effective as of June 1, 2012, and will allow more distressed homeowners to seek assistance. Most importantly, the deadline for submitting for HAFA eligibility will be extended a full year, to December 31, 2013.

March’s 2012 updates to the HAFA program include:

• The removal of occupancy requirements. Previously, HAFA required homeowners to have lived in the property within the last 12 months.

• $3,000 relocation incentives will be limited to properties occupied by an owner or tenant at the time of the short sale.

• Mortgage payments will be allowed to exceed 31% of the homeowner’s gross monthly income. This update will allow a homeowner to stay current on her mortgage and still qualify, minimizing the overall impact to her credit.

• Secondary lienholders may receive up to a maximum of $8,500, up from $6,000 previously.

• And one of the most dramatic changes: The Credit Bureau Reporting will be Account Status Code 13 (paid or closed account/zero balance) or 65 (account paid in full/a foreclosure was started), as applicable.

With these updates, a homeowner can be current on their mortgage, qualify for HAFA, continue to make their payments, and execute a short sale with minimum impact on their credit!

Contact Sidney Kutchuk, Temecula Certified HAFA Short Sale Agent 951-215-6745

HAFA UPDATE March 2012…..

Home Affordable ForeclosureAlternatives Program (HAFA)

The following updates were made to theHAFA Program:

• The deadline for HAFA has been extended. A borrower now has until December 31, 2013 to submit a Short Sale Agreement or a written request for a consideration for a Short Sale Agreement to be eligible for HAFA.

• There are no longer any occupancy requirements for HAFA eligibility. (Before the update the property had to be occupied as the borrower’s primary residence at some point within the prior 12 months).

• 2nd liens can now get up to $8,500. (It was $6,000).

• Servicers can now accept a full payment, if the borrower requests to make a full contractual payment in order to stay current on the loan.

  Contact Realty Works Temecula for more information.951-215-6745
  Sidney Kutchuk – Temecula Short Sale Agent – Certified HAFA Short Sale Agent. 

IMPORTANT UPDATE: HAFA’s sister program HAMP gets extended through 2013

The Treasury Department announced that the Home Affordable Modification Program (HAMP) – which is the sister program for HAFA – was extended by one (1) year through December 31, 2013. This means eligible consumers will have more time to apply for a HAMP modification. Other changes to HAMP include higher Treasury paid financial incentives for Fannie Mae and Freddie Mac to forgive principal, and an easing of program guidelines so that homes occupied by renters are also now eligible for the program. Since HAFA is part of HAMP, it should be extended as well, although we do not have it in writing. 

I will update you on this information as soon as it is confirmed. For now here is the link to the US Treasury  info page.

Certified HAFA Short Sale Agent – Sidney Kutchuk – Realty Works Temecula

Free short sale help always – 951-215-6745 – Expert@aShortSale.com