NACA Loan Modification Help

If you are having trouble getting your loan modified here in Idaho please watch this video it may be of some assistance. Josh Groesbeck is a loan modification and short sale specialist here in Idaho. If you need help and your loan modification is not working please call for other options.

Josh Groesbeck

208-353-7131 or josh@homeswithjosh.com

www.homeswithjosh.com and www.idshortsale.com

Meridian Idaho Approved Short Sale

820 Loggers Pass in the wonderful Glacier Springs community is another Idaho short sale that we have been approved to sell. Neighborhood is located in prime meridian, Idaho location that provides easy access to interstate 84. Meridian, Idaho is right in the heart of the treasure valley, quickly becoming one Idaho’s most popular places to settle down. Live the country life and be within minutes of downtown what more could you ask for?

If you are currently looking to buy or sell real estate please don’t hesitate to call or email for proven customer service and the ability to get the job done. Also if you are one of the many families struggling to keep up with your house payment or are already in foreclosure we can help. Full-time Realtors with staff to handle all cases. Joshua Groesbeck 208-353-7131 or josh@homeswithjosh.com or www.homeswithjosh.com and www.idshortsale.com

LOADED WITH AMENITIES! Gracefully designed floor plan containing a plethora of granite, tile & hardwood throughout. Enormous bonus room, jack and jill bathroom, 9’ ceilings, tons of storage & a luxurious kitchen overlooking the main level living area w/fireplace. Stunning master suite highlighted with gas fireplace, his and her closets, dual vanities, jetted tub & a tiled walk-in shower w/3 heads. Oversized covered back patio (plumbed for gas), professional landscaping, oversized garage & 2×6 construction. Mls#98434697

Source: Intermountain Mulitple Listing Service and Trust Realty

Boise Idaho Best Place For Mom

Born and raised here in Idaho it is no surprise that Boise ranks #1 for mothers,  below is  a good read on the top ten places for mothers as ranked by the Daily Best.

Joshua Groesbeck

208-353-7131 or josh@homeswithjosh.com

www.homeswithjosh.com or www.idshortsale.com

BS Top – Mother Cities For Mother’s Day, The Daily Beast takes America’s 200 largest cities and crunches the numbers—from child care to maternal health to pampering—to determine where moms have it best.

On Mother’s Day, everything revolves around Mom. But what about the other 364 days? The Daily Beast tried to determine which cities celebrate that holiday every day. And which might induce fits worthy of Mommy Dearest.

Like motherhood itself, the conditions needed to make moms across the country happy are complicated. So we tried to find factors that are universal, whether working or stay-at-home, big city or small city, North or South, and then combed the data of the country’s 200 largest cities to find out which offer the best quality of life for mothers. (Almost all the factors apply to parents generally. It’s just not dad’s turn this month.)

“Isolation is the biggest problem for moms,” says Dr. Amy Tiemann, creator of MojoMom.com and author of MojoMom: Nurturing Your Self While Raising a Family. While we measured the relative number of other mothers in each city, Dr. Tiemann stressed that moms—especially new moms—should, “find their tribe. Find other mothers you fit in with… that’s going to make all the difference.”

Quality health care is also essential. “If you look across the country, there is a lot of variation in terms of the quality of care at different hospitals,” says Dr. Richard May, co-author of HealthGrades’ recent study on Women’s Health in American Hospitals. Access to good care for mother and child, May says, greatly reduces anxiety, and boosts happiness.

To compile the rankings, we started with the list of the 200 largest cities according to 2008 data from the U.S. Census’ American Community Survey. They included all cities with an estimated population over 121,000. To rank the cities, we looked at several facets affecting the quality of life for resident mothers:

• Mothers-per-capita: the percentage of mothers in each city with one or more children under 18 years old, according to U.S. Census Bureau data.

• Educational quality: the overall caliber of public schools in each city based on a scale of 1 to 10, 10 being the best. Scores were culled from GreatSchools.org, which ranks schools based on standardized tests. (The three cities that weren’t measured by GreatSchools were assigned the national median.)

• Child care: the number of child-care workers per child 5 years old and under in each city according to its Metropolitan Statistical Area, based on 2008 data from Bureau of Labor Statistics 2008 and U.S. Census population data.

• Maternity health specialists: the availability of maternity specialists (in obstetrics and gynecology or maternal and fetal medicine) based on the number of recognized practitioners, per resident mom, in each city, according to HealthGrades.com, an independent health-care ratings company. HealthGrades doctors must be affiliated with a high-quality hospital, free of state sanctions, disciplinary actions, malpractice judgments, and monetary settlements in the last five years, and be board certified in his/her practice specialty.

• Mother’s Day pampering: in honor of the Mother’s Day holiday on Sunday, Citysearch.com ranked per-capita searches for “Mother’s Day Brunch,” as well as the evergreen mom-pampering category “Hair Salon” in each city to provide insight into which city’s residents are looking to take care of the mothers in their lives.

The first—and the worst—are both state capitals sitting near the country’s northern border. Where are moms celebrating? See below.

#1, Boise, ID
Moms-per-capita: 61 out of 200
Child care: 20 out of 200
Schools: 7 out of 10
Maternity care: 63 of out 200
Pampering: 86 out of 200

#2, Lexington, KY
Moms-per-capita: 60
Child care: 11
Schools: 7 out of 10
Maternity care: 64
Pampering: 37

Best Mother’s Day Brunch: Greentree Tea Room

#3, Lincoln, NE
Moms-per-capita: 80
Child care: 3
Schools: 5 out of 10
Maternity care: 145
Pampering: 24

#4, Coral Springs, FL
Moms-per-capita: 18
Child care: 40
Schools: 8 out of 10
Maternity care: 97
Pampering: 161

#5, Mobile, AL
Moms-per-capita: 62
Child care: 33
Schools: 6 out of 10
Maternity care: 45
Pampering: 9

Best Mother’s Day Brunch: Ruth’s Chris Steak House

#6, Elk Grove, CA
Moms-per-capita: 3
Child care: 54
Schools: 8 out of 10
Maternity care: 176
Pampering: 160

#7, Bellevue, WA
Moms-per-capita: 135
Child care: 31
Schools: 9 out of 10
Maternity care: 40
Pampering: 120

Best Mother’s Day Brunch: Daniel’s Broiler

#8, Overland Park, KS
Moms-per-capita: 46
Child care: 46
Schools: 8 out of 10
Maternity care: 51
Pampering: 59

#9, Augusta, GA
Moms-per-capita: 53
Child care: 67
Schools: 3 out of 10
Maternity care: 33
Pampering: 30

#10, Columbus, OH
Moms-per-capita: 1
Child care: 82
Schools: 5 out of 10
Maternity care: 142
Pampering: 94 

Idaho Short Sale Help

Strategic Walk Away!!  Is your home worth less than what is owed? Making less money? Divorce? Hospital Bills?   Hardship is everywhere in today’s economy but think towards the future–  If you are in trouble of losing your home to foreclosure or have already tried to modify your loan with no success and are now in need of help– Call Josh 208-353-7131 or josh@homeswithjosh.com We can solve your problem today and let you start preparing for the future, the next home you buy will be at the right price not some super inflated unrealistic price. You have heard it all before and it will always be true Real Estate is the best investment if you buy right!

www.idshortsale.com or www.homeswithjosh.com

Read this below and it will explain what Fannie Mae is doing to crack down on the Walk Away

If you choose to walk away  from your mortgage rather than work something out with your servicer, Fannie Mae will block you from getting another mortgage for seven years from the date of the final foreclosure on the house. That’s according to new rules that go into effect immediately.

But, if you do work with your servicer to come to some agreement — whether a loan modification, deed-in-lieu of foreclosure, pre-foreclosure sale or short sale — your wait time to buy a new house will be much shorter. In fact to encourage people to work with their lenders rather than just walking away, Fannie Mae is shortening the time you’ll be eligible for another Fannie Mae mortgage.

“Walking away from a mortgage is bad for borrowers and bad for communities and our approach is meant to deter the disturbing trend toward strategic defaulting,” Terence Edwards, Fannie Mae’s executive vice president for credit portfolio management, said in making the announcement.

“On the flip side, borrowers facing hardship who make a good faith effort to resolve their situation with their servicer, will preserve the option to be considered for a future Fannie Mae loan in a shorter period of time.”

Here’s the breakdown for eligibility depending on how you got out of your last mortgage:

* Deed-in-Lieu of Foreclosure> — reduced from four years to two years if you can put down 20 percent on your house, four years if you can only put down 10 percent.
* Preforeclosure Sale — remains at two years if you can put down 20 percent, four years if you can only put down 10%.
* Short Sale — will be the same as pre-foreclosure sale. Currently there are no set rules for short sale.
* Strategic Default (Walk Away) — seven years.

All these waiting periods start on the day after the completion of a preforeclosure event or foreclosure event. If you can prove there were extenuating circumstances, such as the loss of a job, the waiting period for deed-in-lieu, a preforeclosure sale or short sale will be reduced to two years with a 10 percent down.

In all cases eligibility will be dependent on other factors, such as credit history and credit score. The eligibility matrix is complex and varies greatly depending on your economic situation. Take a close look at the matrix to figure out what you need to put down based on your credit score.

Fannie Mae is taking action now because statistics show that more and more people are willing to walk away from their home because there doesn’t appear to be any negative effect. In a study from the University of Chicago the researchers found that 31 percent of foreclosures were strategic defaults. The researchers defined strategic defaulters as “homeowners willing to default when the value of a mortgage exceeds the value of their house, even if they can afford to pay their mortgage.”

In addition to increasing the wait time until one can buy another home, Fannie Mae also will encourage servicers in states that permit them to go after a short fall, to begin chasing strategic defaulters for the money. This shortfall happens when the bank sells the foreclosed home for less than the mortgage. The bank can then go to court in many states and ask for a deficiency judgment. Not all states allow lenders to chase borrowers for the money. If you are planning to walk away from your home that is underwater, be sure to talk with an attorney to find out whether your lender can chase you for any shortfall.

You can avoid a deficiency judgment if you come to some agreement with your lender, but be sure you have a good attorney checking the agreement to be sure the lender can’t chase you. In most walk-away cases you can protect yourself from a deficiency judgment with a deed-in-lieu of foreclosure or a preforeclosure or short sale.

Clearly the banks are taking note that if they don’t act aggressively to collect any shortfall more people will strategically default. Now the game becomes much more serious, especially if you live in a state that allows the lender to go after you for any shortfall.

Source: Lita Epstein

HAUP Home Affordable Unemployment Program

The Home Affordable Unemployment Program (HAUP) begins today. It is designed to provide relief to unemployed homeowners. HAUP (referred to as “UP”), “offers eligible unemployed borrowers a forbearance plan to temporarily reduce or suspend their mortgage payments.”

By August 1, 2010, all servicers who are participating in Making Home Affordable will be helping homeowners who are struggling to stay current because of unemployment.

Here are the details:

Forbearance Plan Eligibility:

A borrower must meet the Home Affordable Modification Program (HAMP) eligibility criteria as well as:

• be unemployed when request is made;
• be entitled to receive unemployment benefits in the month of the UP forbearance plan effective date (servicers have discretion to require a borrower to have received unemployment benefits for up to three months before commencement of the forbearance plan); and
• request an UP forbearance plan before they become seriously delinquent (i.e., miss three monthly mortgage payments).

Forbearance Plan Evaluation:

Servicers must follow these requirements when evaluating a borrower for an UP forbearance plan:

• Unemployed borrowers who request assistance for HAMP must first be evaluated for an UP forbearance plan. If they qualify, they must be offered an UP forbearance plan before they can be considered for HAMP.
• Borrowers currently in a HAMP trial period plan who become unemployed may receive an UP forbearance plan if they have missed less than three monthly payments as of the first payment due date of the HAMP trial period plan. If they do qualify, their existing HAMP trial period plan must be cancelled and the UP forbearance plan must immediately begin without waiting until the borrower has received three months of unemployment benefits.
• Borrowers previously determined to be ineligible for a HAMP modification may request an UP forbearance plan if they meet the eligibility requirements.
• Borrowers in a permanent HAMP modification who become unemployed are not eligible for an UP forbearance plan.

Forbearance Plan Terms

• Term must be three months or upon reemployment (whichever is less). Servicers may extend this period according to their investor/regulatory guidelines.
• Monthly mortgage payment must be reduced to less than or equal to 31% of the borrower’s gross monthly household income and may be suspended in full.

Transition to HAMP

• Borrowers in an UP forbearance plan will be evaluated for HAMP at either reemployment or 30 days prior to the UP forbearance period expiring (whichever happens first).

Source: HSH

If you are experiencing problems making you house payment or see that foreclosure is possible we can help!

Joshua Groesbeck

208-353-7131 or josh@homeswithjosh.com

www.homeswithjosh.com and www.idshortsale.com

2010 Canyon County Short Sales

Canyon county has 651 short sale homes that are currently active on the market to be sold- So far this year 281 properties have been sold via short sale and there are currently 66 that are shown as pending final funding and recording. These numbers are starting from January  through June 2010.

If you are behind in payments or and can see a problem coming please don’t hesitate to call Joshua for help- Specializing in Short Sales with Solutions to your housing problems. You may need us….

Joshua Groesbeck

208-353-7131 or josh@homeswithjosh.com

www.homeswithjosh.com or www.idshortsale.com

1st Time Home Buyer Special

IMPECCABLY MAINTAINED & ready for immediate occupancy in Boise,Idaho!  Newer subdivisions in SW Boise offers open living area with vaulted ceilings, recessed lighting, large guest bedrooms, an abundance of closet space & neutral paint colors throughout. The kitchen is open & bright containing a plethora of storage. Oversized master suite situated on main level & upstairs bonus/media room with closet could easily be used as a 5th bedroom. Stamped concrete and curbing, auto sprinklers, oversized garage and a North facing back patio—perfect for Summer BBQ’s!    Search Mls#98439454  at www.homeswithjosh.com

Experienced short sale team that you can trust! Short Sales that get Sold!!

Joshua Groesbeck

208-353-7131 or josh@homeswithjosh.com

Idaho Strategic Short Sale

Strategic Short Sales

What is a Strategic Short Sale?

This is an option when you wish to sell your home, but the mortgage balance that you owe is greater than the market value of your home.

Strategic Short Sale vs. Foreclosure

If you are in a situation where you might face foreclosure, you may wish to choose a strategic short sale instead. Many lenders are willing to accept current market value as payment in full, regardless of the mortgage balance (for example, if your mortgage balance is $485,000 but you current property value is only $325,000). The current economy has been forcing many of us to face unforseen compromises, and lenders find that they need to compromise, too. A short sale will negatively affect your credit, but not as much as a foreclosure. Also, a short sale allows the seller to maintain more control of the sale.

When to Avoid a Short Sale

If you’re happy in your home, and your budget seems to be working, don’t let lower market values frighten you into selling. Sometimes, the best action is to do nothing.

How Do I Go Forward with a Short Sale?

Accomplishing a succesful Strategic Short Sale is going to involve selling your house, negotiating with the lender(s), and doing the necessary paperwork. It gets a little complicated, so we have an easy way to handle it all for you. We have organized the process into simple straightforward steps, and we handle the details for you.

As with a ‘regular home sale’ I’ll be at Trust Realty Realtor  care of your listing and home sale.  Experience on your side is what I can offer- I
don’t just list short sales, I get them sold!
OK, It Sounds Simple Enough, So What’s the Catch?

There is no catch.
As a Seller, you get to avoid the difficulties of handling negotiations with your lender and trying to figure out what information is needed where.
As a Realtor, I and my team of specialists stay in contact with all necessary parties to get your home sold at no cost to you.
The Lender gets to avoid a foreclosure, which could end up being more costly than accepting the proceeds of a short sale. Ideally the lender would be paid in full, but as we all know, this economy is hitting all of us pretty hard, and we all have had to compromise. But if the lender is going to be dealing with a short sale, at least the lender will have a neatly-organized package to consider.

It works.

I would love the opportunity to assist you in any way I can. I’m here to help.

Joshua Groesbeck 208-353-7131 or josh@homeswithjosh.com

wwww.homeswithjosh.com or  www.idshortsale.com

Avoiding Foreclosure In Idaho

I have posted a very helpful video to my website www.homeswithjosh.com for those of you who are having trouble making your house payment. Find out how you may qualify for the Making Home Affordable Program and what to consider if you do not.  Avoiding Foreclosure In Idaho Is Your Goal!

After watching the video please feel free to post questions that you may have.

It is not uncommon to think that while you may be having problems making your payment, the future will be different. Isn’t that the idea many shared with the adjustable mortgage loan? I am making $40,000 this year but in the next year or two I should be making $55,000 a year. The downturn in the economy has burst the bubble for millions who expect the best but in turn get what exists in “Today’s Economy”.  Don’t get me wrong we all want the best but I am trying to remember the last report about  the average worker getting the “Big Bonus” or “Generous Unexpected Raise”-

I was talking to a wise man the other day and he said “Josh, don’t we always want things we can’t afford? It seems to me that when I suddenly can afford those things, I no longer want them. Does that make me crazy?” I paused for minute and thought this guy probably has money for a rainy day and isn’t that what we all truly want??  I am willing to bet that he is not trying to figure out whether or not his house payment alone is eating up 31% of his gross pay and then what does that leave him to pay utilities, credit cards, car payment, student loans, entertainment, etc… And finally will his bank help  him modify a loan payment enough (?)  And/OR wipe the principle down to market value (?)   Probably not-

I encourage all of you who may be having a problem making the house payment to first look at all of your options to avoid foreclosure- If you want to and can get your home loan modified-Awesome- But if you can’t and need assistance please call– I have been specializing in Short Sale Properties before and after the housing boom- A Full-Time specialist with the knowledge and systems to help you!

By applying at www.IDshortsale.com you can count on a fast response with options to AVOID FORECLOSURE

Always feel free to call direct 208-353-7131 or josh@homeswithjosh.com

Don’t Foreclose Do A Short Sale

Don’t foreclose! Do a short sale

Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing out cash to encourage lenders to close these deals.
“Banks have ramped up short sale approvals,” said Duane Legate of House Buyer Network, which connects short sellers with buyers. “They’re hiring a lot of the people who once worked in the mortgage-lending industry and moved them over to short sales.”
These transactions, where lenders allow homeowners to sell their houses for less than they owe, accounted for 17% of all residential real estate sales in February, up from nearly 13% in November, according to a monthly real estate market survey by Campbell/Inside Mortgage Finance.
And Bank of America (BAC, Fortune 500), the country’s largest mortgage servicer, has more than doubled the number of short sales it processed in recent months.
Elizabeth Weintraub, a Sacramento, Calif.-area real estate agent who handles many short sales, was amazed at how quickly a recent deal went through. “Bank of America approved it in 24 days,” she said. “That flipped me out.”
This is a huge change from even just six months ago when the short-sale market was stalled and most people would describe the process has real estate hell. Because lenders stand to lose so much on these transactions, they have been reluctant to make short sales happen, often waiting months before getting back to potential buyers.
“In the past, many short sales would never come to fruition and the ones that did averaged over half a year to complete,” said Chris Saitta, CEO of Equator, which produces short sale software.
“Things would just fall into a black hole and not come out again,” added Weintraub.
And even when banks did agree to the sale, the process could be further complicated if the original owner had a second mortgage.
In most cases, the first lender is repaid in full before any money flows to a second-lein holder. And because most distressed borrowers are severely underwater, there’s usually nothing left to send on. As a result, second-lein holders are left holding the bag and have been killing many deals.
But that has been changing. For one thing, banks realize that they make out far better financially with a short sale than a foreclosure. “The lenders lose 50% on a foreclosure and only 30% on a short sale,” said Glenn Kelman, founder of the real estate Web site Redfin. “And short sales offer a way to get distressed properties off their books quickly.”
And on April 5, lenders and mortgage investors will have even more incentives to offer troubled borrowers short sales instead of foreclosing.
Under the new Home Affordable Foreclosure Alternatives program, borrowers will earn a $3,000 “relocation incentive” and servicers will get $1,500 for handling a short sale.
The investors who actually own the mortgage notes will get $2,000 in exchange for sharing proceeds of the short sales with any second-lien holders. And, finally, those second lien holders will receive up to $6,000 for releasing their claims.
Lenders participating in the program must also determine the market values of properties early on and inform the owners of just what price they’re willing to accept. Then, if owners come back to the lenders with bonafide offers, they have to be accepted within 10 days.
Equator’s Saiita anticipates a short sale explosion in response to the new program. “The challenge will be handling all the volume,” he said.
The company has already tweaked its software, which 58 servicers use, to handle the new HAFA rules. And that should help reduce the time it takes to execute a sale, which currently averages 88 days.
The boom in short sales may accelerate the end to the  foreclosure crisis by cleaning out the overhang of borrowers in distress and replacing them with more stable homeowners.
Plus, these sales are better for distressed borrowers because their credit scores suffer less. Going through a foreclosure can knock 200 points off a FICO score, twice as much as the penalty for a short sale.

For more information about the Short Sale process visit www.homeswithjosh.com or call Josh Groesbeck direct 208-353-7131 and josh@homeswithjosh.com

Apply for Short Sale at www.idshortsale.com

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