Скачать или смотреть California Bill Of Rights I Elk Grove Short Sale Agent and Default Advocate Mike Rigley

http://www.shortsaleandloanmod.info Elk Grove Short Sale Agent and Default Advocate Mike Rigley brings you the latest Elk Grove short sale information. Today he discusses CA Homeowners Bill of Rights Now Law for Elk Grove Short Sales

Looking for Elk Grove short sale information? You have come to the right place. Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us. Today let's talk about the recently passes CA Bill of Rights and how it affectsElk Grove Short Sales

The New California Homeowner Bill of Rights also known as AB 278 and SB 900 were signed into law on July 11, 2012 and will take effect January 1, 2013. There are 13 major parts to the Bill and there is also an additional component SB 1069 which is equally important to Elk Grove Short Sales. Today we will cover just the first 4 points as interpreted by the California Association of Realtors Legal Team and cover the remaining points and SB 1069 in subsequent blogs

OK so let's get going. Now remember we don't give tax or legal advice.

As far as eligibility: The new law pertains to owner occupied properties and first trust deeds only. No investment properties or seconds. You cannot have filed for bankruptcy or have contracted with an organization primarily engaged in advising people on how to extend the foreclosure process and avoid their contractual obligations. You must be interested in some type of "foreclosure preventative alternative" which includes Elk Grove Short Sales. With that said here are the key points:

1. No dual tracking during a Elk Grove Short Sale. The servicer may not file a notice of default, notice of sale or hold a trustee sale if a Elk Grove Short Sale has been approved in writing and proof of funds or financing has been provided. Starting January 1 2018 they can't file if the package is pending approval.

2. Cancelling a Pending Trustee Sale: The servicer must cancel the trustee sale if the Elk Grove Short Sale has been approved. What it does not say is where they pick up the sale process should the Elk Grove Short Sale buyer cancel and a new buyer is substituted

3. Providing a Single Point of Contact: This is not so much of an issue with Elk Grove Short Sales because we typically talk to the same negotiator all the time as it is now. Where it helps is on Elk Grove Loan Modifications

4. No Late Fees: The servicer cannot charge you late fees while you are working through a foreclosure preventative alternative including Elk Grove Short Sales. They also cannot charge an application fee either although I have yet to see an application fee charged on a Elk Grove Short Sale.

So that takes us thought points 1-4. Next time we will cover the remaining points and wrap it up.

To get a better idea of when your Elk Grove home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest Elk Grove short sale information. Call me today and sleep better tonight; you'll be glad you did

If you are a homeowner who has missed payments, possibly facing foreclosure, owe more than your home is worth or are just looking for short sale information, please contact Mike Rigley, Short Sale Specialist and Default Advocate at 888-317-9376 or mike@norcalmortgagerelief.com for a free no obligation confidential consultation and receive the latest information on your options to avoid foreclosure and the benefits of a short sale.

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If you owe more than your home is worth, want to know how long in todays present market it will take until your home is worth what you owe? Check out our calculator at http://www.shortsaleandloanmod.info

Consistently ranked as one of Northern California's top Short Sale Agents and Specialist, Mike Rigley is one of the areas premiere Certified Default Advocates. With his strong focus on assisting homeowners in need, Mike offers a straightforward no nonsense consultation designed to give you all the information and facts to enable you to make the best decision for you and your family. As every situation is different, Mike offers his insight and knowledge of the default process and all the options available to you to avoid foreclosure. Mikes experience of representing both homeowners in distress avoid foreclosure and his insider knowledge of the default process makes' Mikes experience unique. Trained and personally coached by the former Chief Loss Mitigator of IndyMac bank, Mike understands what the banks are looking for and how best to assist you in your time of need. Call Mike today toll free at 888-317-9376 for your free consultation and sleep better tonight