Jeanean Gendron, Your Shasta County Real Estate Specialist: February 2012

We are the local listing Broker for HUD Asset Manager, PEMCO, Ltd. and in so have the opportunity to travel the North State in our duties of listing HUD Homes for sale. We enjoy our travels and have many destinations that we combine with photos shoots on the beauty of the North State, The North State is the best kept secret in California and affords unparalleled beauty in wilderness areas and scenic and diverse topography.

As we traveled to Yreka in Siskiyou County, we had the opportunity to see a storm building over Mount Shasta and stopped for a photo shoot of the event. The Mountain is Majestic to say the least and Siskiyou County a beautiful high desert altitude of vast beauty. Big Sky is what we call it as you will note in the photographs. If you are thinking to relocate to the North State, give us a call and we can send you a digital relocation package to help you begin your search.

Visiting Mount Shasta - Jeanean Gendron

Storm Coming - Jeanean Gendron

Big Sky in the North State - Jeanean Gendron

Heading to Mount Shasta - Jeanean Gendron

Loving the North State - Jeanean Gendron

Buying HUD homes and building generational wealth in the North State is a great opportunity in this real estate market. With excellent interest rates and FHA Loans to leverage resources, it is a perfect time to be investing in the North State and the beauty we have here. We love living here in the North State and you will also! Call today.

~

Jeanean's Listings

All Active SHORT SALE Listings

All Active FORECLOSURE Listings

Redding and Shasta County Real Estate Resource

How Much Is My Home Worth ~ Search all Homes in Shasta County ~ Dream Home Finder

Search for Schools in Redding and Shasta County

Visit my main real estate website that provides you with the ability to Search the MLS and to set up an account so that you can save searches and select favorite properties. I also have many saved searches for you to take advantage of. There are saved City Searches and Community Searches. We also save Foreclosure Listings and Short Sale Listings.

Visit and learn more about The Shasta Lifestyle and the experience of living here in Shasta County.

Here are my blog sites:

DISTRESSED PROPERTY

HUD Property Connection, Redding Real Estate Investor, The Gendron REO Connection,

Short Sale Help for Sellers, Redding Short Sale Team

INVESTOR/FIRST TIME HOME BUYER

Redding Real Estate Investor Owning Your First Home

NEWS IN REAL ESTATE

The Shasta Lifestyle Redding Real Estate Ramblings, Redding Properties and Land

COUNTRY ESTATES

Ranch and Land Connection, Western Properties and Land, Northern California Properties,

California Properties and Land, Western Ranch and Land

NEW HOME DEVELOPMENT

New Homes Shasta County

LUXURY HOMES

Redding Real Estate Luxury Homes, The Redding Golf Lifestyle

Redding CA HUD Selling Agent Reference - Guide for Helping Buyers Purchase HUD Homes--HUD Asset Management, PEMCO, Ltd. is dedicated to providing Selling Agents tools and resources needed to help their clients purchase and own HUD Homes.

Property Listings

HUD Homes listing can be found at www.HUDHomeStore.com. Use the Map to search for homes in your area. Click on listings that meets your client's needs. Print the Property Flyer.

Once you have idenitified the property of interest, download from the Property Page (www.HUDHomeStore.com) the forms and addenda that you will need from the "Addendums" tab. You can also find these forms at www.HUDPemco.com.

NAID Number and Bidder Registration

The Broker (designated Broker) must have a NAID number. The Broker can apply for this at the www.HUDHomeStore.com website under the "NAID Registration" tab. The process will take 6-8 weeks. The Broker should register as a Bidder. This is located at the top right hand side of the website. Click Bidder and fill out the form. The selling agent should also register as a Bidder using their DRE License number. There are two video tutorials to help the Broker and the Selling Agent successfully fill out this form.

The Selling Agent must have the Broker's NAID number in order to put in an electronic BID. The Selling Agent will also need the EIN# of the Designated Broker or the SS# of the Designated Broker in order to submit the BID. The Selling Agent must also register as a Bidder using their Designated Broker's NAID number and their own DRE License number.

Filling out the HUD Asset Management PEMCO Ltd. Sales Contract

After you have downloaded the contract, you will fill out the form. It is a self-populating PDF form. YOU WILL NOT BE ABLE TO SAVE IT. You will need to leave it open until you are certain that all information is complete and accurate. You will choose the Owner Occupant contract or the Investor Contract. The definition of Owner Occupant is for a primary residence ONLY.  Visit the YouTube Channel for Pemco, LTD and view the video tutorial on "How to Fill Out a Sales Contract". Have your client sign the contract and all addenda and please remember that you MUST use blue ink for all signatures. All signatures must be WET SIGNATURES.

Submitting the Electronic BID

Now you are ready to submit the Electronic Bid. You will go to the Property Listing Page of the Property you are making a bid on at the www.HUDHomeStore.com site. At the bottom right hand side will be a button to "Submit a Bid". Click that button and fill out the form. Here is a PDF on how to submit the Electronic BID. After you have completed the BID information, click the "Submit" button. Print your BID Confirmation Sheet. You will need the BID Confirmation number to "write in" on your Sales Contract (in two places) that you have printed. Please remember to use blue ink.

There are numerous resources to help you at any stage of the HUD Process. You will find resources both on the www.HUDPemco.com site under "Forms" and also on the www.HUDHomesStore.com site under the "FAQs" tab.

Redding CA HUD Selling Agent Reference - Guide for Helping Buyers Purchase HUD Homes--PEMCO, Ltd is dedicated to helping the Consumer know about HUD Home ownership and in providing to selling agents all the resources and training materials needed to help your clients successfully purchase and own HUD Homes. If we can assist you or be of service in helping you to successfully BID and purchase HUD Homes, please call us. We will be pleased to assist you.

Visit the HUD-PEMCO website

View HUD Properties for Sale.

Real Living Real Estate Professionals and Jeanean Gendron

530 276-7417

Local Listing Broker for HUD-PEMCO for Shasta County, California

We are hear to help you in all your real estate needs!

*Note: These are instruction for the State of California and area 2S.

Just Being ME - Jeanean Gendron

Life IS Change.

Giving.

Joy. Change. Progress. Setbacks. Attitude. Sunshine. Sunset. Heart. Spirit. Knowledge. Compassion. Allowance. Forgiveness. Acceptance. Happiness. Artful. Expressive. Values. Honesty. Communication. Goals. Success.

Big words for a Wednesday. A day of reflection for me. I've turned a corner today. I am ME again. I hate it when I loose ME. ME is an important person in my life and I rather like ME. ME is a balanced and kind person who practices the Law of Allowance and the business of real estate simultaneously. It is a fun endeavor. ME is a person who likes to celebrate the goodness of life and others. Once in a while I like to celebrate the goodness of ME. It is important to recognize the goodness in ourselves.

The ME in ME has been missing for a bit. I have not commented in going on my third week (hoping to change that today). I have been very ill once again. On the brink and back again. It has happened a few times now and each time I make it back....well I am so pleased to be here. The ME in ME is not wanting to go into those details right now but just be in the state of ME and express how great life IS. It is so important to live in the present moment and to celebrate the small and large things in your life. We are but a very small speck in the larger context of time and space. We are but a small dot on a grain of sand in the sense of our existence. A blip is a small amount of time to cherish and to make the most of.

It is deceiving how short a time we have here on this planet and we never know when it will be time to leave. Guru Dev always said live with your bags packed. I believe he meant that you should attend to those important things each and everyday in living a responsible life and caring for those you love. It is rather like that small town you pass through where you see the sign announcing the town and the population but you never see the town. It is literally a blip. Well if the ME in ME is a blip, I do want to make the best of it all, don't you!

So here is to the future of ME (well and you too...normally it's all about you but for today....it's all about ME)! I am all excited about a number of plans and projects. I am planning on visiting all my friends and through the coming days will be spending more time than normal commenting and catching up once again. I know ActiveRain has been going through some health issues also but we can hope that we are sharing the same timeline and that recovery is in good progress.

We'll be seeing you here in the RAIN!

Yeah and Yeah! So Happy to be HERE!

I have a funny story to tell you...and this is the best part of being ME. I may be prejudice about the Art of being ME but I find the part I like best about ME is when I get the "chuckles". Chuckles are those things that happen to you that any time you think of them, they make you laugh.

I have had a call into my client on a commercial building up in Mount Shasta. We have a perspective buyer and I put in a call to him to get in touch with me. He got hold of me yesterday and he said "WOW Jeanean that music you have on your phone is really something!" This is one of the little things in life that is fun for me. I have "CallerTunes" on my phone for clients to listen to rather than the sound of a phone ringing. I enjoy changing the tunes and customizing my client's experience. It is just one more little thing that I do to be ME. They are mostly classical with a bit of the Beatles (instrumental) thrown in. I try to put together a classy or universal touch for the music.

I responded to my client, "Well thank you Michael". I enjoy picking the songs that you hear. He moved on to discuss progress in responding to a possible offer. After I got off the phone.....I realized that I had not checked in on my dashboard to see current status of the "CallerTunes" and I remembered getting a text message from the provider about a new free "CallerTune". I began to wonder if things were as they should be in the world of ME. I asked David to call my cell phone so we could see what played. Well, I am not sure what played but it was not anything I would ever pick for my clients to listen to. My ears and head hurt from hearing what ever it was....perhaps we can call it a song. Is this a sign that the ME of ME is getting old.....I hope not....more of just mature or sophisticated in what I like to listen to in music? Let's hope.

Note of Caution: It is a real concern to me that this could happen. How can the Provider change my settings to over ride my custom settings. This should have never happened. I was on the phone last night and only got that it was a "glitch" and no reassurance that it won't happen again. I will be losing "CallerTunes" if it does. The not funny part of this is that I get irritated when I am forced to listen to music that is loud or is not pleasant for me. The music you choose says a lot about who you are as a person.

So then I got to laughing about Michael being honest with me and I so appreciate the fact that he was. If he had not made that comment and if the world did not love ME, I would have never figured out what my poor clients were being subjected to. I hate to think. My Broker called me the other night and I can't believe he did not say something to me. The Law of Allowance at work, I guess. I love him for it but please if I'm doing something that does not seem like ME....tell ME!

It would be hard to find fault with the Law of Allowance but please if you are my friend, you have complete permission to tell me when you have a concern. Friendship and love are based in the "Art of Giving Permission to Tell Me The Truth!" Gosh, I love life and I am still chuckling at my client saying.....WOW Jeanean that was SOME song you got there!

I'm writing Michael a note of thanks after this post.

Gotta love it. Dancing on a Wednesday and Loving it All!

Redding CA - Short Sale Agent - 25 Billion Dollar Mortgage Services Settlement--we have heard recently about the Justice Department Settlement with the Banks. Here are the details and the resources where you can find out more. It is hopeful that this effort will help distressed home owners stay in their homes. Here are the details of the Mortgage Services Settlement:

Mortgage Services Settlement--the United States Department of Justice announced a recent settlement with five major banks accused of robo-signing and other fraudulent foreclosure practices.

The $25 billion dollar settlement (with $4 billion pending other smaller banks (9) involved Bank of America, Ally, Chase, Citi and Wells Fargo.

Where the Money will go:

$5 billion consisting of $2000 payments to borrowers who were foreclosed on between January 1, 2008 and December 31, 2011 and who were subjected to the fraudulent practices.

$20 billion will be used towards foreclosure alternatives:

• $10 billion will go to the borrowers who are delinquent on their mortgages.
• $7 billion towards assisting homeowners through short sales, forebearance relocation assistance or other alternatives.
• $3 billion will be spent helping borrowers who own more than the value of their home to refinance.

The time frames/deadlines from March 2012:

• The Banks have 30-60 for the Banks to select an administrator to handle logistics of the settlement and to monitor compliance.
• The next 6 to 9 months the settlement administrator and the Attorney General will identify homeowners eligible for immediate cash payments and notify them by mail.
• It anticipated that the settlement will be completed within 3 years.

Clarification is made on the following:

• Robo-signing practices are forbidden.
• Dual-track Foreclosures (working with the homeowner on modification of the loan while simultaneously pursuing foreclosure) is forbidden.
• Fannie Mae and Freddie Mac insured loans are not impacted by this settlement.
• Special recourse is in place for Servicemembers who were charged over 6% interest rates after a valid request to lower their rates under the Servicemembers Civil Relieft Act (SRCA) or who were wrongly foreclosed on.
• Money will be distributed differently fro different states.
• California will receive the most of any state $12 billion
• Oklahoma was not a party to this settlement creating their own agreement worth $18.6 billion

Here are important links and phone numbers for more information on the Settlement:

• Ally/GMAC 800 766-4622
• Bank of America 877 488-7814
• Citibank 866 272-4749
• JP Morgan Chase 866 372-6901
• Wells Fargo 800 288-3212

Official Sites for the Settlement

http://www.nationalmortgagesettlement.com

To locate the Attorney General in your state

http://www.NAAG.org

To determin if a loan is ineligible due to insurance by Freddie and Fannie

http://www.fanniemae.com/loanlookup

http://www.freddiemac.com/mymortgage

As real estate professional who has achieved the Certified Distressed Property Expert (CDPE) designation,

it is my mission to give homeowners the gift of a fresh start or to find alternatives to foreclosure that allow you to remain in your home.

Contact me TODAY and let’s get started.

I am Jeanean Gendron, your Redding and Shasta County Specialist.

You can reach me at 530 276-7417. I answer my phone I hold the Certified Distressed Property Expert, CDPE and the Certified Investment Agent Specialist, CIAS designation. I have taken special training so that I may help my clients in all their Real Estate Investment needs. Knowing the Alternatives to Foreclosure in this market is critical in helping my clients.

I am here to help.

I am HAFA Certified!

___________

What Is A CDPE? Certified Distressed Property Expert

The Certified Distressed Property Expert Designation (CDPE) is verification that a REALTOR® has taken the initiative to become an educated and prepared advocate on the behalf of a homeowner in distress. Earned by completing a comprehensive curriculum via the Distressed Property Institute, real estate agents with the CDPE designation are equipped with the expertise to help distressed property owners avoid foreclosure.

As a CDPE designated REALTOR®, I am committed to helping people who are facing foreclosure by finding the right solution for their individual needs and seeing the issue resolved. A portion of my CDPE designation course work involved short sales. Previously, short sales were a rarely accepted alternative by lenders, but in today's world they are increasingly becoming a viable option. Although more common in recent years, lender's still want the right deal with the right paperwork, and most real estate agents without the CDPE designation do not know the specifics. The CDPE course has taught me how to submit the proper documents to a variety of lenders as well as negotiation skills, allowing for quick resolve to a short sale. The education of a CDPE designated agent is continual, as CDPEs from across the county provide information to the Distressed Property Institute for a continual flow of new information to share with other CDPE designated agents.

A Positive Attitude is Important When Buying a Home - Trusting Your Realtor--The perception of the real estate market and Realtors is something that catches me by surprise at times. As a service provider (Realtor) in the Real Estate Industry, you have that opportunity to observe how people view the process of buying real estate and how they view Realtors.

I am careful about who I work with. One of the reasons that I love the Blogoshere is that it is very suitable to people who like technology and transparency. The combination of the two make for me a valuable service that I provide. It is the opportunity to learn about the trending real estate market and the opportunities that are inherent in this current market. More importantly, it helps match me to those people who want what I have to offer. While having great skills at being a Realtor, it is also important to me that they want to work with someone that has a value system they can relate to.

I have a professional background that comes together nicely to support my real estate business. I am a marketing professional and have built a pervasive on-line presence to help my clients market and sell their properties. I also provide my Buyers with IDX solutions that are dynamic in nature and provide them with real-time data on MLS listings and the ability to search and save lsitings by category of preference. While I have the chops.....I am more concerned with having a professional relationship based on mutual respect.

I recently had a referral to help someone purchase an investment property from good friends. They are past clients of ours and now our personal friends. Their referral client has a very bad impression of Realtors. From the beginning they have made negative remarks about Realtors and that the business is shady.

I met with the client yesterday to look at a home they were thinking of making an offer on. My friends came along just to help in the closer inspection of the property. My friends were so sweet and we had to do the "HUG" thing and chat for a little bit. The friend/client never said "Hello" but stood some distance away with a severe look on their face and "tapping" their fingers on their arm......

I read body language and asked what was wrong.....big mistake. It seems that a friend of the client had just fallen out of escrow on a foreclosure property and proceeded to rattle off a huge long laundry list of "horrible" things that the Realtor had done. After we were done with that, I inquired as to how this was affecting what we had come together to do on this day. The client replied that they just did not trust Realtors and that Buyers have to do all the work and get screwed by the Realtor.

I looked at my good friends and they knew that we were done. I was very polite through the rest of the time at the property. The client had so much hostility that it was hard to stay in the same room.....but we managed to all keep it together. My friend whispered...."Sorry".

We hear so much about what the Consumer needs and what we as Realtors need can get passed over. I am so sorry that this person has had a bad experience but I have learned that our perspective is directly responsible for what our experience is. As a Realtor, I cannot be effective in helping you if you do not value my professional skills and experience and if you don't know that I am an honorable person. It will be necessary for us to have mutual respect for each other and a set of values that are synergistic.

A positive attitude is important when buying a home and it is also important to have a Realtor that you trust and respect. It makes buying real estate a positive experience.

~

Jeanean's Listings

All Active SHORT SALE Listings

All Active FORECLOSURE Listings

Redding and Shasta County Real Estate Resource

How Much Is My Home Worth ~ Search all Homes in Shasta County ~ Dream Home Finder

Search for Schools in Redding and Shasta County

Visit my main real estate website that provides you with the ability to Search the MLS and to set up an account so that you can save searches and select favorite properties. I also have many saved searches for you to take advantage of. There are saved City Searches and Community Searches. We also save Foreclosure Listings and Short Sale Listings.

Visit and learn more about The Shasta Lifestyle and the experience of living here in Shasta County.

Here are my blog sites:

DISTRESSED PROPERTY

HUD Property Connection, Redding Real Estate Investor, The Gendron REO Connection, Short Sale Help for Sellers, Redding Short Sale Team

INVESTOR/FIRST TIME HOME BUYER

Redding Real Estate Investor Owning Your First Home

NEWS IN REAL ESTATE

The Shasta Lifestyle Redding Real Estate Ramblings, Redding Properties and Land

RANCH AND LAND

Ranch and Land Connection, Western Properties and Land, Northern California Properties, California Properties and Land, Western Ranch and Land

NEW HOME DEVELOPMENT

New Homes Shasta County

LUXURY HOMES

Redding Real Estate Luxury Homes, The Redding Golf Lifestyle

Redding CA - Buyer Events - The HOW TO of Buying HUD Homes--The real estate market is an excellent way to establish generational wealth and now is an excellent time to utilize the low interest rates to get started. If you are a First Time Home Buyer or if you are looking at making your first Investment in real estate for long term growth and cash flow, now is an excellent time.

We will be offering two events this year that you will not want to miss. We will be having Buyer Seminars in June and in October for 2012. These events will be at our Downtown office and will provide you with an excellent opportunity to learn about Buying HUD Homes and the opportunities that exists using FHA loans.

We will have the "Experts" there to talk to you one on one. After a short presentation on HUD homes and FHA loans, we will have time to visit and speak with the following service providers:

FHA Loans

USDA Loans

Down Payment Assistance Programs

Fidelity National Title Company

Buyers Protection Group Home Warranty

Home Insurance for Your New Home

Inspections in the Home Buying Process

Pest Inspections in the Home Buying Process

Redding CA - Buyer Events - The HOW TO of Buying HUD Homes--Mark your calendars and join us for a fun day on buying HUD Homes in Shasta County. You will learn about the opportunities that are available to you in this current real estate market. And if June is too far away, call today and we can meet to dicuss your plans and how we can help you to Buy a HUD Home. It is a great time in real estate and for making a good investment.

BUYER SEMINARS

HUD Buyer Seminar on 6/16 from 9:00 to 1:00 PM and on 10/20 from 9:00 to 1:00 PM.

FALL and SPRING Home Shows at the Redding Convention Center

Redding Convention Center for the Spring and Fall Home Shows - Visit our Booth

Redding Spring Home and Garden Show - 3/10-11, 2012

Redding Fall Home and Garden Show - 9/22-23, 2012

Presented by Jeanean Gendron,

Local Listing Agent for HUD Asset Management, PEMCO, Ltd.

View All HUD Listings Nationally or Locally.

Brought to you by HUD Asset Manager, PEMCO Ltd.

Visit the PEMCO Ltd website for more information and resources.

Real Living Real Estate Professionals and Jeanean Gendron.

866 441-0078

Local Listing Broker for HUD Asset Manger, PEMCO Ltd.

We are here to help you BUY HUD Homes.

Contact Jeanean Gendron for Help in Purchasing This Home!

www.HUDPropertyConnection.com

Jeanean Gendron and Real Living Real Estate Professionals
Servicing Three Counties in the NORTH STATE of California

HUD Homes for Sale
Shasta County CA, Siskiyou CA and Tehama County CA

A Local Listing Broker for HUD Asset Manangement PEMCO, Ltd.
Learn About Buying HUD Homes HERE!

Shasta County CA HUD Homes for Sale

Northern California HUD Homes for Sale - 4120 Quartz Court - Redding CA - 4 Bedroom on The Westside--this Classic Contemporary home offers lots of room for all lifestyles.

This home offers many amenities with a Formal Living Room/Dining Room combination, vaulted ceilings, cozy wood burning fireplace and nice light exposure.  You have lots of opportunity in this home. Located on a Cul de sac, the family room has a wet bar and access to the kitchen for entertaining.

The master has a private Sun Room with three additional bedrooms. This Diamond in the Rough offers a perfect setting for updating a jewel.

Classic Contemporary Home on a Cul de sac on the Westside.

Open floor plan has cozy wood fireplace and vaulted ceilings.

Dining Area has pass through from Kitchen and opens to a Covered Patio.

Built-in Liquor Cabinet and wet bar in the Family Room complimented by Hardwood flooring. Breakfast bar. Access to Patio.

Kitchen is a an efficient wrap around with views to the North. Nice Northern light.

Private Sun Room located off the Master Bedroom.

A Koi Pond from the past and Outbuilding with Charm.

The Front and Back Yard offer landscape features.

Northern California HUD Homes for Sale - 4120 Quartz Court - Redding CA - 4 Bedroom on The Westside--this classic contemporary home is a Diamond in the Rough and just waiting for new owners to make it special place. Using FHA 203b Repair Escrow or FHA 203k Rehabilitation loans, this home would be stunning.

Call Today to View This Home

Jeanean Gendron - 530 276-7417

Sold "AS IS"
Case #043-730222
MLS #12-607
Listed for $171,000
4120 Quartz Court, Redding CA 96001
Please Note*: Call for Current Price and Availability!
Listed by Jeanean Gendron
530 276-7417. I answer my phone.
Local Listing Agent for HUD Asset Management, PEMCO Ltd.

SOLD "AS IS" BY ELECTRONIC BID ONLY

View all HUD Listings National or Locally

Visit the PEMCO Ltd website for more information and resources.

Real Living Real Estate Professionals and Jeanean Gendron.

866 441-0078

Local Listing Broker for HUD Asset Manger, PEMCO Ltd.

We are here to help you BUY HUD Homes.

Contact Jeanean Gendron for Help in Purchasing This Home!

www.HUDPropertyConnection.com

I have a desire to embrace joy.

   To create unbounded celebration.

Creativity comes.

and, I share it with you.

It must take shape.

It calls me.

I cannot resist.

and, I share it with you.

I must go.

Places not yet seen.

Paths not yet walked.

and, I share it with you.

I have knowingness.

An expressive need.

My own timelessness.

and, I share it with you.

I write poetry.

Visual creation transforms.

Beautiful imagery opens the heart.

and, I share it with you.

What IS shall pass away.

What comes is new.

A way to commune and to lift up.

and, I share it with you.

I dance.

I love.

I listen.

I pray.

I cry.

I celebrate.

I laugh.

I am silence.

I am dynamism.

I am JOY.

I AM.

Stillness comes.

and, I share it with you.

 Heart Expressions - Jeanean Gendron

I share it with you so that you may know it too. It is born of a broken heart now mended and strong. I share it with you that you may never know such sorrow and if you do that you will find your way in all things--not just in sorrow. Liberation is the stillness of being.

Redding CA Short Sale Agent - Bank of America Tightens Up Their Short Sale Approvals--I have recently gotten three short sale approvals from Bank of America. The short sales varied on the time tables for getting approval. We got approval on one in 30 days; one in 60 days and one in 120 days. Getting approval depends on many things. We seem to see those owners who have remained currently on their mortgage and negotiated with the bank to do a short sale getting their approvals faster. It is important to be in touch with your lender and to communicate. Your recovery is directly associated with taking responsible action in cooperation with the bank. That net effect will be a less severe hit to your credit and your ability to recover your financial stability.

I currently have clients that are now ready to get back in the market of home ownership. They have rebuilt their credit and can buy more house that they could before. I am working with several younger clients to take advantage of the low interest rates to buy with FHA loans and to live in the house 3-5 years and then buy again. The original purchase now becomes an investment property and they are on their way to building generational wealth. Repeated every 5 years and utilizing the tax breaks from 1031 Exchange, we have an infrastructure that helps the investor leverage tax benefits to establish wealth. We should all be doing the same thing.

Getting some of the older short sales done appears to be harder. I recently had a short sale that the seller had not made a payment going on over a year. We submitted everything to the bank. The bank countered and we accepted the counter. It then went to the Investor for approval and languished there for 90 days until we lost the Buyer. Why this occurred is not clear. Was it the age of the delinquency or something on the Banks side (robo-signing issues). We won't know.

This is certainly not enough data to establish or to determine a policy change on Bank of America's part but it would seem to be the case. I will continue to watch just how long it takes to get approvals.

If you are in a situation where you have suffered a hardship and are struggling with your mortgage there are several reasons that you should consider the short sale in 2012. CA SB 458 signed by California's Governor Jerry Brown and passed in 2011 prohibits second lien holders from suing the homeowner after the closing of escrow on a short sale for any unpaid balance. It is unknown if this law will be extended. The Federal SB 931 will also expire at the end of 2012. Again, we do not know if these laws will be extended. We will hope so.

The steps that are important for you to know are that you have options. You will want to speak with your lender to see if you can qualify for the new short refinance program being offered. You will want to explore loan modification options with your lender. There may be new opportunities for both these options due to the recent Obama 26 Million Dollar settlement with the Major banks over "robo-signing". It is really only a drop in the bucket but it is a beginning and it hopefully, will help many people stay in their homes.

I will be sharing information on this "Settlement" and what it will mean to those in hardship. My hope is to see the real estate market return to a stable and attainable goal for all people.

As real estate professional who has achieved the Certified Distressed Property Expert (CDPE) designation, it is my mission to give homeowners the gift of a fresh start or to find alternatives to foreclosure that allow you to remain in your home.

Contact me TODAY and let’s get started.

I am Jeanean Gendron, your Redding and Shasta County Specialist.

You can reach me at 530 276-7417. I answer my phone I hold the Certified Distressed Property Expert, CDPE and the Certified Investment Agent Specialist, CIAS designation. I have taken special training so that I may help my clients in all their Real Estate Investment needs.

Knowing the Alternatives to Foreclosure in this market is critical in helping my clients.

I am here to help.

I am HAFA Certified!

___________

What Is A CDPE? Certified Distressed Property Expert

The Certified Distressed Property Expert Designation (CDPE) is verification that a REALTOR® has taken the initiative to become an educated and prepared advocate on the behalf of a homeowner in distress. Earned by completing a comprehensive curriculum via the Distressed Property Institute, real estate agents with the CDPE designation are equipped with the expertise to help distressed property owners avoid foreclosure.

As a CDPE designated REALTOR®, I am committed to helping people who are facing foreclosure by finding the right solution for their individual needs and seeing the issue resolved. A portion of my CDPE designation course work involved short sales. Previously, short sales were a rarely accepted alternative by lenders, but in today's world they are increasingly becoming a viable option. Although more common in recent years, lender's still want the right deal with the right paperwork, and most real estate agents without the CDPE designation do not know the specifics. The CDPE course has taught me how to submit the proper documents to a variety of lenders as well as negotiation skills, allowing for quick resolve to a short sale. The education of a CDPE designated agent is continual, as CDPEs from across the county provide information to the Distressed Property Institute for a continual flow of new information to share with other CDPE designated agents.