Follow this link for an explanation from the National Association of Realtors website….and come see our listing at 3768 Hoen Ave, Santa Rosa,Ca…. coincidentally,an approved HAFA short sale. $262,650. 3/2 1276sqft. Open 11/06/2011 from 1-4pm.
When a HAFA (Home Affordible Foreclosure Alternative )short sale is advertised as APPROVED, it means the homeowner has already approached the bank, may have tried a HAMP loan mod, but was un-succesful, or did not qualify, and has received a HAFA agreement from the bank with the acceptable terms of the short sale agreement spelled out….including a move out agreement of up to $3000 at close of escrow, $6000 to settle any junior liens (junior lien holder(s) must also agree to the terms of the HAFA short sale, which includes accepting the proceeds from the sale of the house as the sole remedy to settle the seller’s debt)….and has approved the sale and settlement of the sellers lien at a pre-determined dollar amount.
This dollar amount is determined by a HAFA appraisal done by the lien holder (the bank) The price may be right on, or it may be high….at which point a lower offer can be accepted by the seller and submitted to the bank for approval. If an offer is accepted at the HAFA suggested price, an escrow can more forward quickly….a lower offer will take longer. But, either way, the fact that there is HAFA acceptance to begin with is a real boost to the process.
For more information about the HAFA program, follow the link above, shoot us an email at NoDumbQuestion@gmail.com, or give us a call 707-799-3617
On the Real Estate Hour Sunday 9:00-10:00am, Donna Von Edelkrantz of
Senior Transitions Move Management Services
will be calling in to discuss her upcoming seminar; The Upside of Downsizing
Planning Ahead/Being ProActive
Lightening Up Responsibilities/Living Fully
Practical Tips and Techniques
Senior Transitions serves the North Bay Area Senior Community by providing caring, compassionate and professional relocation and downsizing services. Donna von Edelkrantz, a Senior Move Manager and her team are dedicated in assisting seniors and their families manage the relocation and transition process from beginning to end.
November 10, 2011 @ 10:30AM Santa Rosa Senior Center, Bennet Valley Rd.
John Sutter of Applied Building Science is our featured guest today. We’ll discuss the best way to winterize your home, Energy Audits (updated 2011 information), the SCIEP (Sonoma County Energy Independence Program) plus the HERS rating system. Follow THIS LINK for a downloadable color booklet ON the HERS rating system. As they say, “You wouldn’t buy a new car without knowing its “miles per gallon” rating. So why buy a home without a “home energy rating?”
If you would like a HERS energy audit give John Sutter a call. No sense in spending precious dollars on improvements without knowing WHAT you really need in the way of energy smart improvements. John can give you a complete plan: 707-528-3468 or direct: 707-703-5244 firstname.lastname@example.org
Thanks to attorney Jeremy Olsan for providing us with special updates on Senate Bill 458 plus Scam updates regarding pre-foreclosures, short-sales and Loan Modifications. Invaluable to any of our listeners facing a situation of a distressed property. He wanted me to post these Department of Real Estate articles for our listening audience. Remember- an informed consumer is the BEST foil against scammers and sharks!
1. FRAUD WARNING REGARDING LAWSUIT MARKETERS REQUESTING UPFRONT FEES FOR SO-CALLED “MASS JOINDER” OR CLASS LITIGATION PROMISING EXTRAORDINARY HOME MORTGAGE RELIEF—Here’s the link to the whole article:
As the country braces itself for the “Silver Tsunami”, we need to arm our Seniors with good information and guide them through the on-slaught of “help” they are being offered. Tune in Sunday 9-10AM on The News and Talk of Sonoma County KSRO 1350Am.
This week’s show will focus primarily on Senior homeowners who wish to remain in thier homes and “age in place” gracefully….and safely. Our Guests Marilyn Barnes of Senior Helpers North Bay and Frank Samson of Senior Care Athourity are both strong supporters of the local senior community. They offer a wealth of information on aging in place with reliable in home care, home alterations that may be necessary, and ideas on other ways to make staying home a good, safe option.
Marilyn Barnes; Senior Helpers North Bay
Marilyn has worked in the homecare industry for 26 years, starting as a caregiver on nights and weekends and moving to management approximately 11 years ago. Marilyn is an active member in the Sonoma Co. Execs. and a member of the Section on Aging Chapters in Sonoma and Napa counties. Marilyn has been instrumental in starting many community education programs to assist in a better understanding of what services are available, what each service does and helping seniors and their families connect with such services.
Frank Samson; Senior Care Authority
Frank has had a passion for senior care since having to care for family members and personally experience the challenges that face families today. After several years of researching the health care industry, he began Senior Care Authority, which has already helped many families throughout Northern California.
Frank is a member of Section on Aging Chapters in Sonoma, Marin, Napa and Solano Counties. In addition, he is part of the Senior Roundtable in San Francisco. He was also instrumental in starting the North Bay Senior Alliance (NBSA), which assists the aging population with services from in-home care, senior placement, Medi-Cal planning, financial planning and legal services., His expertise in senior care has given him the opportunity to write regular columns on this subject in local newspapers. In addition, he hosts a weekly radio show called “The Aging Boomers” on 91.3 FM, KSVY, Sonoma.
The Carbon Monoxide Poisoning Prevention Act of 2010 requires that existing single family homes have carbon monoxide detectors installed by July 1st. Other existing dwelling units must have carbon monoxide detectors installed by January 1, 2013. The Real Estate Transfer Disclsoure Statement contains disclosure language related to this requirement. There are no special carbon monoxide disclosure obligations beyond the TDS. Violation of the requirements is an infraction punishable by a maximum fine of $200 for each offense.
Carbon monoxide is an odorless, colorless and toxic gas. Because it is impossible to see, taste or smell the toxic fumes, CO can kill you before you are aware it is in your home. At lower levels of exposure, CO causes mild effects that are often mistaken for the flu. These symptoms include headaches, dizziness, disorientation, nausea and fatigue. The effects of CO exposure can vary greatly from person to person depending on age, overall health and the concentration and length of exposure. More…
Listen to Mike and Allison on "The Real Estate Hour", Sundays, 9 to 10am PST, KSRO, 1350AM or 103.5 FM and www.KSRO.com