Great news for first-time buyers:

The Mortgage Protection Program has been extended through 2010. To continue to provide first-time home buyers with peace of mind when purchasing their first home, the CALIFORNIA ASSOCIATION OF REALTORS® Housing Affordability Fund has extended the Mortgage Protection Program (MPP) through December 2010. To date, more than 1,700 first-time home buyers already have been approved for the program, and the numbers continue to increase. Through the C.A.R. Housing Affordability Fund’s Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months.

TO QUALIFY FOR THE MORTGAGE PROTECTION PROGRAM APPLICANTS MUST: Be a first-time home buyer – someone who has not owned property in the last three years (includes co-buyer). Open escrow April 2, 2009, or later, and close on or before December 31, 2010 (purchase agreement cannot be dated before April 2, 2009) Use a California REALTOR® in the transaction Purchase the property in California Be a W-2 employee (cannot be self-employed)

Please call Meena Gujral (California Realtor) if you need more information at 510-279-9580 or go to my website at http://www.helpusellachievers.com

The whole nation is full of ideas and people are suffering day after day from losing jobs and homes due to foreclosures. Administration has spent fortune to help Banks but lenders are still out of touch with what people are going through with their upside down mortgages.

How can this nation succeed when every minute people are worried if they will be able to live in and afford their home? Lenders need to work on reducing principal of mortgages and lower interest to make it affordable to homeowners. Lenders are willing to do short sales and accept real low bids from new buyers but fail to do so for existing clients. Wake up Banks you are losing more by doing those short sales. Keep existing home owners and help them reduce their payment do not worry about 31% income guidelines set up by administration. Working with existing homeowners will bring rewards in the long run.

We can help to make your payments affordable. We are realtors that really understood our client’s needs during the housing boom. As a result, all our clients have retained their homes even today. Now we would like to help you keep your house in these tough times.

If the loan modification does not work, we can also talk about doing short-sales. They say that only 10% of short-sales close. In our experience, we have had 100% of them close.

Please call Meena or Jasbir Gujral at 510-279-9580 to get more information on Loan modification or Short-Sales.

http://www.helpusellachievers.com
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