Robert A Stallard
RE/MAX Advantage
Robert Stallard, Patricia Marcotte, and Patrick Maguire

Cell Mail: 978 808 5938
Office: 978-927-9100


Bob Stallard is transitioning to the Northshorist Group
Robert A. Stallard

RE/MAX Advantage Real Estate
100 Cummings Center Suite 104F,
Beverly, MA 01915
Cell 978 808 5938
Office Fax: 978 927 2856
Office 978 927 9100

For over 25 years my strategy is to listen carefully to your needs and concerns. With my experience in changing markets, my advanced technology, and my commitment to placing my clients' goals first, you too may maximize profit, and minimize problems.

Click here to find your new property.

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What Is A Certified Distressed Property Expert??
A Certified Distressed Property Expert? is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today?s market, specifically short sales.

The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. The developers of the CDPE Designation believe that the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional. They have the tools needed to help homeowners find the best solution for their situation. Often, when other options have been exhausted, CDPEs can help homeowners avoid foreclosure through the efficient execution of a short sale.

Video explaining how to avoid foreclosure with the newly announced government short sale plan.Treasury Streamlines, Simplifies Short Sale Process

The U.S. Treasury plan to help homeowners avoid foreclosure, announced on Nov. 30, is many-faceted:

* It provides incentives to lenders and borrowers for completing Short Sales.
* It streamlines and standardizes the documentation necessary for Short Sales.
* It limits the ability of subordinate lien-holders to obstruct the Short Sales process.
* It sets limits on the time it takes lenders to approve or reject Short Sales requests.
* It steps up pressure on lenders to make permanent the 650,000 trial loan modifications they started earlier in 2009.

75 Percent of Borrowers Potentially Fall Under the Plan
The plan, part of the Foreclosure Alternatives Program, potentially could apply to 75 percent of all mortgages in the U.S. Loans held by Fannie Mae and Freddie Mac, which back about half of all mortgages, currently do not fall under the guidelines. However, both organizations are working with the Treasury Department to finalize applicable servicing guides.

Incentives to Borrowers
Under the plan, borrowers who complete a Short Sale are released from all mortgage debt. Additionally, they receive $1,500 for moving expenses.

Incentives for Lenders
The plan provides for payments of $1,000 to mortgage servicers and investors for completing a Short Sale - or a deed-in-lieu transaction, in which the deed is simply turned over to the lender.

Standardized Documentation
The program will publish streamlined and standardized documentation for Short Sales, including a Short Sale Agreement and Offer Acceptance Letter. Creating one standard set of documents will minimize the complexity of Short Sales, which should significantly increase use of the optionn.

Payments Capped to Subordinate Lien-Holders
Some holders of second mortgages have blocked Short Sales by seeking steep payment in exchange for releasing their claim. Under the plan, subordinate lien-holders as a group can receive no more than $3,000 from proceeds of the sale.

Time Limits for Short Sales
Lenders will have only 10 days to approve or reject a Short Sale - a significant step, since the process often takes so long to complete that the transaction falls through. Borrowers will be allowed at least 90 days to market and sell their home, with the possibility of additional time based on local market conditions. Marketing can run at the same time as the foreclosure process, but no foreclosure can take place during the marketing period as long as the borrower is acting in good faith to sell the property.

RE/MAX has been training its agents to help homeowners avoid foreclosure by offering courses on Short Sales. More than 8,300 RE/MAX Affiliates hold the Certified Distressed Properties Expert designation ? 58 percent of the total U.S. CDPE-holders. Many other RE/MAX Associates have extensive experience with foreclosures and pre-foreclosures.

If you've fallen behind in your mortgage payments or received a pre-foreclosure letter from your lender,call Robert Stallard, 978 808 5938

Hard ship Housing Examples
Hard Ship questions and answers
Department of Housing & Urban Development also offers help and advice on avoiding foreclosure
Introduction of Home Affordable Foreclosure Alternatives ? Short Sale and Deed-in-Lieu of Foreclosure, 43 pages
Lenders who participate in HAFA HAFA was introduced to simplify and streamline the short sale process. HAFA accomplishes this in the following ways2:

* Compliments 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 time frames
* Provides financial incentives to borrowers, servicers and investors

Lastest Reports and Documents
Mortgage and Foreclosure Terms
Click for How Do Short Sales Work?
Home Affordable Foreclosure Alternatives Guideslines (HAFA)
Fannie Mae Loan Lookup FAQs
Does Freddie Mac Own Your Mortgage?
Fannie Mae Loan Lookup enables mortgage borrowers to quickly determine if Fannie Mae owns their loan
Foreclosure vs short sales CDPE
Homeowner document checklist CDPE
Seller hardship letter sample
The Department of Defense (DOD) is proud to offer the Homeowners Assistance Program (HAP) to eligible service members and federal civilian
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