Best Realty's Lake Oroville Real Estate Blog

Short Sale Help is here! 
Home Affordable Foreclosure Alternatives ( HAFA)
There are over 7 million families that are currently distressed!
HAFA is a government-subsidized Home Affordable Foreclosure Alternatives program for distressed homeowners to sell their homes to avoid foreclosure, even if the sales price is not enough to pay off their existing mortgage loans.Under HAFA, a participating lender will pre-approve the terms of a short sale and give the borrower at least 4 months to market and sell the property using a licensed real estate professional.
Many homeowners may feel that they can no longer afford their home, but want to avoid the negative effects of foreclosure. The Home Affordable Foreclosure Alternatives (HAFA) Program offers homeowners, their mortgage servicers, and investors an incentive for completing a short sale or deed-in-lieu of foreclosure. With these options, under HAFA, a homeowner leaves their home to transition to more affordable housing and alleviate the mortgage debt they owe.
These options are available for homeowners who: 1. do not qualify for a trial mortgage modification under the Making Home Affordable Program; 2. do not successfully complete the trial period for their modification; 3. miss at least two consecutive payments during their modification period; or 4. request a short sale or deed-in-lieu of foreclosure
The idea is to get as many homeowners in a position to keep their homes. However HAFA now provides a standardized program allowing the borrower to chose to do a modification if eligible or to proceed with a short sale. 
Realty World  is currently putting together an informational class that will be offered to distressed homeowners looking for a way out, wether it is to modify the loan and keep your home or choose the short sale process or deed in lieu.
Stay tuned for times and locations of the class or email me to add your name to the list.
Take Back Control of your Situation- Knowledge is Power! 
 
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Did you know the  City of Oroville currently offers a program to assist senior and disabled homeowners who don’t have financial resources to complete minor and emergency property repairs?
 This is really great for those that just that really need that  repair but have been putting it off due to financial reasons!
Basic Eligibility Requirements

Applicant must own and occupy their home or mobile home
Applicant must be a senior citizen, 65+ years of age or physically disabled
Applicant must live within the Oroville City limits

Eligible Repairs
The program was designed to help senior and disabled persons obtain assistance with small but important health and safety repairs. Eligible repairs include, but are not limited to such jobs as:

Plumbing: Leaking, broken, non-operating sinks, toilets, faucets, garbage disposals and water heaters.
Small Electrical Hazards: Lights, outlets, and switches.
Weatherization: Weather stripping, caulking around doors and windows.
Maintenance Repairs: Evaporative coolers, furnaces, roofing, gutters, steps, railings and hazardous trees.
Correcting Trip Hazards.
Installation of Grab bars
Smoke Detector Repair or Replacement.
Health and Safety Hazards.

If you are in need of a program like this contact the City of Oroville
Phone: 530.538.2495
Fax: 530.538.2539
Email: housing@cityoforoville.org