Questions to ask your attorney

Questions you may have regarding your short sale or foreclosure

If you are a homeowner whose property is in default or on its way, then you may be considering a short sale. Here are a few questions you should ask a qualified attorney.

1. What outcome in comparison to a short sale would be better for my particular situation?

• Is a repayment plan or a short sale better for me?
• Is a forbearance plan or a short sale better for me?
• Is a loan modification or a short sale better for me?
• I have an FHA loan; is a partial claim or a short sale better for me?
• Is an assumption agreement or a short sale better for me?
• Is a deed-in-lieu of foreclosure or a short sale better for me?
• Should I file bankruptcy or would a short sale be better for me?

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
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Just Listed!

14762 Waverly Lane, Irvine
Offered at $369,000 MLS S652234
Here's the one you have been waiting for! 2 bedrooms, 1 bath, Single level detached
home on a very nice street and NOT a short sale. Pride of ownership shows in the
yard and landscaping. Large pull in driveway and ample street parking. This detached
home is close to UCI, freeway, shopping and schools. No mello roos and a very low
tax rate. Call listing agent for showing schedule. Fabulous Irvine schools and lovely
established neighborhood of The Willows.

View this listing on the web

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web

Home Evaluation

A good place to start...

A Comparative Market Analysis (CMA), also referred to as a home evaluation, is a report prepared by a real estate agent comparing your property to similar properties on the market. Included in the report are homes currently for sale, recently sold through the local listings database, and possibly For Sale By Owner (FSBO). It is NOT an appraisal, merely an estimate of value based on features and the condition of your home compared to other homes in your area. We can provide a free Comparative Market Analysis so you are aware of the value of your home in today's real estate market and as a valuable document required for a short sale application.

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web

Just Listed!

7 Acacia Tree Lane, Irvine
Beautiful and spaciouse 3 bedrooms, 2.5 baths, 2200 sq.ft home in popular University Park community near UCI - perfect plan for investor! Extensive upgrades has been already completed, including stainless steel appliances, scraped ceilings, recessed lights and gorgeous cherry wood floors. Wood-lined cathedral beamed ceilings in over-sized master. Large backyard opens to greenbelt - no one behind. Formal dining area plus eat-in kitchen. Very versatile floorplan - huge bonus room can be use as an office, additional bedroom or split into 2 rooms! Hard to beat in Irvine!
DRE #01038564
Offered at $579,000 MLS S654523

View this listing on the web

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web

FHA/HUD can assist you in a short sale

FHA/HUD has recently updated their pre-foreclosure sales program offering homeowners a streamlined process for conducting a short sale. Two attractive aspects of the program are the ability for homeowners to complete a short sale with as little as 31 days being past due and cash incentives.

Below are some of the details, please contact us for a complete outline of the program including the benefits, requirements and qualifications:

• Outstanding Indebtedness Includes; Unpaid Principle Balance + Delinquint Interest + Partial Claim (If Applicable)
• HUD Will Pay Up To $1,000.00 to Borrower If Closed Within 90 days
• HUD Will Pay Up To $750.00 to Borrower After 90 days
• HUD Will Pay $1,500.00 to Junior Lien Holders
• Approvals Based on As-Is Market Value
• Damaged Properties Can Be Sold With Conditions

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web

Do you qualify for a short sale?

Qualifying for a Short Sale

There are many determinants that will conclude whether you qualify for a short sale or not. A short sale is a very complicated Real Estate execution and having a educated, accomplished short sale authority is chief. To conclude if a short sale of your property is feasible, please complete the form below. Please know that all correspondence will be strictly classified.

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web

An overview of HAFA

What is HAFA?

Take a few moments to watch this video on HAFA
(Home Affordable Foreclosure Alternatives)
You may have more options than you realize.

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web

Potential benefits of a short sale

Some Potential Benefits Of A Our Short Sale Program:

• Experienced Realtor Representation
• FREE-Positively No Fees Or Cost To You
• Get Cash Back From Bank
• Mortgage Debt Assistance
• Credit Reestablishment
• Circumvent Foreclosure
• Back Taxes Can Be dismissed
• Stay In Your Home Longer & Choose A Move Out Date
• Free Rental Placement Service

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web

Is a Short Sale something that is right for me?

Is a Short Sale something that is right for me?

If you add up your total monthly expenses, including your mortgage, property tax payments, car payments, insurance, utilities and food and compare that to your take-home income, and see how much longer can you afford to keep up with your payments? If you have an adjustable rate, and the payment is going up, how long can you afford that? Is it worth prolonging your current financial situation?-especially if home values in your area are continuing to decline?

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web

Credit Scores and Their Impact

The Impact of Credit Scores

A short sale and a foreclosure are seen as the same in terms of a credit score. Both will lower the score initially 100-150 points depending where the score originally started. Being late 30 days on a house payment can cause the score to drop 100 points. Under all scenarios, the higher the original score the larger the initial point drop.
While the scores may be the same for both a foreclosure and a short sale, Fannie Mae sees someone with a short sale as a better credit risk. Financing is available after 2 years on a short sale as opposed to 5-7 years after a foreclosure.
In some cases, borrowers can get a higher credit score in just a few months and climb back to a good score depending on how the short sale is reported to the credit bureaus. After 7 years the foreclosure or short sale drops off the borrower’s credit file.

Estimated Starting Score	Approximate Time to Return to Original Score	Credit Distress
680 720 780	680 720 780	30 Days Late On a Mortgage Payment
Will Reduce to Approximately	Estimated Recovery Time
600-620 630-650 670-690	9 Months 2.5 Years 3 Years
680 720 780	680 720 780	Short Sale or Deed In Lieu of Foreclosure
Will Reduce to Approximately	Estimated Recovery Time
610-630 605-625 655-675	3 Years 7 Years 7 Years
680 720 780	680 720 780	Foreclosure or Short Sale With Amount Of Unpaid Balance Disclosed
Will Reduce to Approximately	Estimated Recovery Time
575-595 570-590 620-640	3 Years 7 Years 7 Years

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web

Don't Hire Just Anyone To Handle Your Short Sale

Experience You Can Count On

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While Robyn puts a priority on making people feel comfortable and excited about the real estate process, she also brings a wealth of experience to the table. She’s been in the business for more than 20 years and is passionate about staying educated on the latest industry trends, laws and innovations. In addition, she also has put together a support team of dedicated professionals to ensure every aspect of your move is handled efficiently and to provide you with increased responsiveness.

Whether you are interested in buying or selling a primary residence or finding the ideal second home, you can count on Robyn Seymour to help you succeed. This dynamic professional believes in exploring every option to ensure her clients attain the ultimate results .

Robyn has a passion for getting more out of life each and every day. From volunteering in local charities to traveling with her daughters Cortney and Kelsey, she sees life as one big adventure. With more than 20 years of experience in South County real estate, Robyn’s knowledge, insight and dedication make her a valuable asset for home buyers, sellers and investors alike. “I have very big peripheral vision and believe in looking at every option and exploring every possibility. It’s a perspective that allows me to find the extraordinary opportunities for my clientele.”

Robyn Seymour CLHMS SRES ABR CRS GRI
Prudential California Realty
949-793-5088
Robyn@RobynSeymour.com
For more info/details on this and other properties,
Visit Us on the web