How to know what a home is worth

Posted on: February 24th, 2017 | By Cliff Keith | Friday's Weekly Market Update For Redwood City |

Informative video on how homeowners who are losing their homes due to foreclosure or job loss and new hope and help from their banks. This video will help you understand the difference between a foreclosure and a short sale. The difference could be the difference from you living in your home to being put on the street by the Sheriff.

California has offering the public free money for mortgages while making a push to get homeowners into a 2 billion dollar foreclosure prevention program, and as a result, you could see a principle reduction on your mortgage if you qualify.

The program entitled, Keep Your Home California, and it’s been around since last year but most lenders didn’t take part in it because the program required the banks to match taxpayers funds when homeowners received a mortgage reduction through the program. That need is no longer required and now Fannie Mae & Freddie Mac are all aboard, and they own 62% of the mortgages in California.

The changes to the program is available, and eligible homeowners can receive up to 100,000 in principle reductions or money to pay their mortgage. If you would like more details call or email from the contact below.  I would love to help you with all of your real estate needs.

 

#sfbayhomes #sellahouse

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