How Do I Buy A Home In This Market?

90 minutes long plus 30 minutes for Q&A

Introduction: 15min
-Why should you buy today?
-Will the prices continue to fall?
-Why is it so hard to buy an REO, or a Short Sale?
-Introduction to; WWW.FREEHOMEOWNERSHIPHELP.ORG

Current Market Statistical Data: 15min
-Learn what the facts are!
-Historical Data

Fight Off The Desire To Look First, Qualify Second: 10min
-Save time and money by learning the correct buying process.
-Choosing the right loan for you.

Discover What Government Loans You Qualify For: Economic Development Agency Representative: 20min
-FHA, FHA 203K Streamline, VA, CALHFA, USDA Rural, PERS, STRS, Fannie Mae & Freddie Mac.  Learn about the County’s MCC and DPA programs along with City seconds, all with the goal of assisting home buyers achieve their dream.

Property Taxes: 15min
-Everything you must know about how property taxes work!

Choosing a Professional: 20min
-Making this a smooth and fun experience
-Common mistakes
-Choose wisely and let the professional be your guide!

Q&A: 25min  Plus, we will have a retirement specialist available to help those who may have questions on their retirement.

*Please note-All information is deemed reliable and was researched prior to this presentation.  The presenters are expressing their opinions only and are not offering any legal advice.  The County of Riverside is not endorsing any company or individual.  All attendees are encouraged to seek individual advice structured around their own unique circumstances.

Can, or Should I keep My Home?

90 minutes long with  30 minutes for Q&A

Introduction: 15-20 min.

-Panel Members, present and not.  Web Site resources and introduction to blog.
-What happened?  In brief, how did we get here? 
-Prediction of the market in general.
-Time frames for foreclosure process / Why the banks don’t foreclose? / Should I stay if I’m not making my payments?
-Try To Modify, If To No Avail, Short Sale!  Never Walk Away.
-Credit damage and when will I be able to buy again?  Take action early!
-Modify? Short Sale? Foreclose?  Understanding why each situation is unique.  One size does not fit all.
-Why is it better to cooperate with a Short Sale than to just let the bank foreclose?

Statistical Data: 15 min.

-Power Point presentation providing current data to help clarify what is happening in the region by the numbers.

Modifications: 20 min.

-What’s legal and what’s not.
-Who’s legally set up with The Department of Real Estate.
-What you must know to avoid being a victim.
-Why are we hearing stories of great success when I’ve been waiting for months?
-What is the Banks motivation?

Taxes: 20 min.

-What is Prop-8?
-I paid 300k but I’m paying taxes based on 450k, why?
-What if I can’t pay my property taxes?
-What are the potential tax consequences under a short sale, foreclosure, forbearance, modification, etc.
-What is the difference between what the Franchise Tax Board is doing and the IRS?
-What exactly is debt relief?  Does the lender have to give me a 1099 for said relief?
-Can I file bankruptcy against these future taxes?

Q&A: 20-30 min.

*Please note-All information is deemed reliable and was researched prior to this presentation.  The presenters are expressing their opinions only and are not offering any legal advice.  The County of Riverside is not endorsing any company or individual.  All attendees are encouraged to seek individual advice structured around their own unique circumstances.