COMMUNITY EVENT: HELP FOR HOMEOWNERS/ALL ABOUT SHORT SALES Attention REALTORS® and homeowners in the Southern California region: On Tuesday, April 16 at the Los Angeles Convention Center, Making Home Affordable will host a short sales seminar in conjunction with a Help for Homeowners Community Event.
Both events offer REALTORS and homeowners an opportunity to meet with lenders, officials from Fannie Mae and Freddie Mac and other housing experts. "All About Short Sales" will provide insight into the short sales process, while "Help For Homeowners" provides struggling homeowners an opportunity to sit down with lenders to discuss options concerning their mortgage.
The California Mortgage Resource Directory The California Mortgage Resource Directory is a powerful search tool that identifies current mortgage programs in communities throughout California. Buyers can search by city or address for public- and private-funded assistance programs including FHA/VA, HUD, affordable fixed-rate mortgages, rehab loans, and more. Go straight to the directory at http://mortgage.car.org .
In February, the CALIFORNIA ASSOCIATION OF REALTORS® launched the Finance Helpline. This is a free service for REALTORS® that offers direct access to a lender liaison who will work with them one-on-one to resolve financing issues within a transaction. This hotline will provide assistance with short sales, funding, REOs, Deeds in Lieu, and provide assistance and education on finalizing transactions. Please be sure to have your REALTOR® call the hotline for assistance. For more information, go to http://finance.car.org .
Residential Energy Audit Program The California REALTOR®'S Energy Audit Program (R.E.A.P.) provides up to a $250 rebate on a Home Energy Rating System (HERS) home energy audit conducted by a certified HERS rater. To qualify for the R.E.A.P., applicants must purchase a home between Oct. 1, 2010 and Dec. 31, 2013, conduct a HERS home energy audit of the home before the close of escrow (as part of the Energy Efficient Mortgage) or no later than 60 days after the close of escrow, and they must use a California REALTOR® in the transaction (referrals do not qualify). The program applies only to primary single family residences purchased in California. Find out more at: http://www.car.org/members/haf/reap/ .