Sacramento Real Estate Views

Foreclosures In Sacramento

Are You Worried About Losing Your Home?

I visited the SHRA, Sacramento Housing and Redevelopment Agency, and they had a load of information regarding foreclosure resources so I thought it might be good to pass it along.

There have been many, as there always seems to be, cases of fraud regarding those attempting to take advantage of others who are in in trouble.  This housing market is no exception to that.  Here are a couple of things to watch out for:

1.  Anyone who calls or comes to your home offering to help unsolicited.

Some areas of the region are more prone to foreclosure than others.  The unscrupulous could target these neighborhoods and take advantage of folks having  a hard time making their mortgage payments.

2.  Anyone who offers to let you stay in your home if you pay them rent.

3.  Anyone who asks for a security deposit and first month’s rent in cash for a rental home.

I’ve seen single mothers displaced by this one.  It’s a tragedy of the market and it does happen.  Never pay anyone who asks for cash upfront in this market or any market for that matter.

Foreclosure Resources and Information

If you’re having trouble making your mortgage payments or if your mortgage is about to reset or increase, the most important thing to do it contact your lender before  you get into trouble.  They may be willing to help you in the form of a mortgage modification that enables you to stay in your home.

Here are some other resources for information:

Home Loan Counseling Center of Sacramento  -  916-646-2005

Neighborworks HomeOwnership Center  -  916-452-5356, ext. 229

Senior Legal Hotline/Legal Services of Northern California  – 916-551-2140

Acorn Housing Corp.  -  916-451-9659

Sacramento Mutual Housing Association  -  916-453-8400, ext. 43

HOPE 24 Hotline  -  1-888-995- HOPE

Links

Below are a number of links for online resources:

Loan Servicer Hotline Numbers  -  Click here

U.S. Department of Housing and Urban Development  -  Click here

Veterans Administration  -  Click here

Freddie Mac  -  Click here

If you’re getting behind or are about to get behind on your mortgage, get help.  The longer you wait the worse it gets.

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Buying or selling a home?  Need an experienced agent to help?  Click here to contact me.  I successfully negotiate with buyers and sellers everyday.  I can help you as well.

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Tags: foreclosure resources, homes in sacramento, sacramento foreclosures

This entry was posted on Wednesday, December 24th, 2008 at 7:24 am and is filed under Foreclosure Statistics, Real Estate Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Robert said at December 25th, 2008 at 7:29 am

   Thank you very much for the heads up Rob, I appreciate it! Merry Christmas and Happy new year to you and your family!

2. robsaxe said at December 25th, 2008 at 8:36 am

   Thank you. Same to you and yours.
   Rob Saxe

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