Kim Novak's Utah Real Estate Blog: December 2009

News, Trends & Discussions About The Real Estate Market in Northern Utah

Veteran Homeowners VA Loan Foreclosure Prevention Handbook

As a CDPE® serving the communities surrounding Hill AFB UT, I compiled this handbook to aid my active duty, prior service and retired military clients understand their options to overcome obstacles created by the current mortgage and housing crisis. Click Here for a copy of my handbook.

Although the primary subject matter relates to Foreclosure Prevention, there is also guidance on how to take advantage of the military benefits of the 2009 ARRA American Recovery & Reinvestment Act (original and enhanced). In particular is the Extended Dept. of Defense HAP Homeowners Assistance Program which provides relief in the event deployment or relocation creates a financial hardship due to the decline in local real estate market values.

If you need assistance, please contact me. I'm a voice for foreclosure prevention ... You have options, I can help.

Kim Novak, CDPE: Certified Distressed Property Expert
(801) 726-1443 (800) 977-7835 kimnovak@remax.net
www.UtahHouseandHome.com

Novak Business Photo - Signature

Kim Novak is a Broker Associate with RE/MAX Masters in Salt Lake City and Layton, Utah. She holds a BSBA with an emphasis in Sales & Marketing and has achieved the designations of ABR: Accredited Buyer Representative, CDPE: Certified Distressed Property Expert, CRS: Certified Residential Specialist, CSP: Certified New Home Sales Professional, GRI: Graduate of the Realtor® Institute, SRES: Seniors Real Estate Specialist and ePRO: Internet Professional. Licensed in 1995, Kim has closed over 500 sales during her full time real estate career. 

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2 comments • Kim Novak • December 12 2009 03:45PM

Invitation to Join Facebook Page: Short Sale Strategies, Tips & Resources to Avoid Foreclosure

A place for home owners facing mortgage troubles to find the resources & professional insight in to avoiding foreclosure. Both the public & the real estate community are welcomed to share their experiences, start a discussion or ask/answer questions.

Novak Business Photo - Signature

Kim Novak is a Broker Associate with RE/MAX Masters in Salt Lake City and Layton, Utah. She holds a BSBA with an emphasis in Sales & Marketing and has achieved the designations of ABR: Accredited Buyer Representative, CDPE: Certified Distressed Property Expert, CRS: Certified Residential Specialist, CSP: Certified New Home Sales Professional, GRI: Graduate of the Realtor® Institute, SRES: Seniors Real Estate Specialist and ePRO: Internet Professional. Licensed in 1995, Kim has closed over 500 sales during her full time real estate career. 

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1 comment • Kim Novak • December 07 2009 02:28PM

Simplifying Short Sales: HAFA Home Affordable Foreclosure Alternatives

Breaking News 11/30/09 The U.S. Treasury announces a plan to simplify and expedite the Short Sale approval process called HAFA Home Affordable Foreclosure Alternatives Program.

  • Complements HAMP by providing viable alternatives for borrowers who are HAMP-eligible.

  • Utilizes borrower financial and hardship information collected in conjunction with HAMP, eliminating the need for additional eligibility analysis.

  • Allows the borrower to receive pre-approved short sale terms prior to the property listing.

  • Prohibits the servicer from requiring, as a condition of approving the short sale, a reduction in the real estate commission agreed upon in the listing agreement.

  • Requires that borrowers be fully released from future liability for the debt.

  • Uses standard processes, documents and timeframes.

  • Provides financial incentives to borrowers, servicers and investors.

    • Novak Business Photo - Signature

    Kim Novak is a Broker Associate with RE/MAX Masters in Salt Lake City and Layton, Utah. She holds a BSBA with an emphasis in Sales & Marketing and has achieved the designations of ABR: Accredited Buyer Representative, CDPE: Certified Distressed Property Expert, CRS: Certified Residential Specialist, CSP: Certified New Home Sales Professional, GRI: Graduate of the Realtor® Institute, SRES: Seniors Real Estate Specialist and ePRO: Internet Professional. Licensed in 1995, Kim has closed over 500 sales during her full time real estate career. 

    ActiveRain Profile  LinkedIn Profile   Facebook Me!

     

    5 comments • Kim Novak • December 01 2009 11:19PM