Welcome to Coldwell Banker Residential, your source for South West Riverside County real estate. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in Riverside County with my New Listings Notification. 

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

In addition, if you have any general questions about buying or selling real estate in California, please contact me as I'm more than willing to help. 

Please browse my website for listings, reports and important local real estate information.

Sincerely,

Magda Stewart
Coldwell Banker Residential

 Bank of America Short Sale Relocation Assistance Program

You could receive $2,500 to $30,000 in relocation assistance

 Financially distressed homeowners who want to avoid foreclosure may now be eligible to receive help!

Bank of America is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 - $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

Determining your clients’ eligibility is easy:
Once your Realtor initiates the short sale Bank of America will evaluate the homeowner for this offer quickly to determine if they qualify for the enhanced relocation assistance.
The homeowner must participate in one of the preapproved price short sale programs, such as HAFA (Home Affordable Foreclosure Alternatives) or Bank of America’s proprietary program. Specific investor participation and eligibility criteria do apply to these programs.
Have an active preapproved price short sale? Don’t worry.

Bank of America is reviewing all current, in-process preapproved price short sale agreements to determine who is eligible for this limited-time offer.  Eligible homeowners actively participating in a preapproved price short sale program (such as HAFA or Bank of America's proprietary program) will receive a letter if they qualify for the additional relocation assistance.  The relocation assistance will be paid at closing.

Frequently Asked Questions:
 This is a limited-time offer that your  won’t want to miss out on

Q: If a short sale is initiated with an offer, will it qualify for this relocation assistance?
A: No. This relocation assistance is only available on preapproved price short sale programs.  Short sales initiated at the time an offer is received do not qualify for the enhanced relocation assistance funds.

Q: Will the relocation assistance funds be reported on the HUD-1?
A: Yes, funds received at closing will be documented on the HUD-1, and a 1099-MISC will be issued.

Q: Can the relocation assistance funds be used to pay off existing liens?
A: Yes, the homeowner may use funds to pay off existing liens or to help with relocation expenses.

Q: Is the relocation assistance added to any other incentives, such as the HAFA or Bank of America proprietary program incentives?
A: The homeowner incentive will be inclusive of the $3,000 HAFA incentive.  For example, if the homeowner is eligible for a $5,000 homeowner incentive, $3,000 will be from the HAFA incentive, and $2,000 will be from the homeowner incentive.

Q: Is the enhanced relocation assistance available for other programs?
A: Currently, the enhanced relocation assistance is only available to short sale programs initiated without an offer. However, as we gauge the success we may extend this incentive to other programs.


*The relocation assistance payment is calculated based on the appraised value of the homeowner’s property. The total amount will be no less than $2,500, but no more than $30,000. The payment will be delivered at the time of closing if the homeowner complies with all terms and conditions of the Short Sale Agreement, which includes but are not limited to the following: a full walk-through appraisal must be completed and the homeowner must satisfy all junior liens and provide clear title for the property (the relocation assistance payment can be used to clear those liens). The short sale must close by September 26, 2013.  If the homeowner does not comply with all terms and conditions of the Short Sale Agreement, they will not receive the relocation assistance payment. The amount of any deficiency and relocation assistance will be reported to the Internal Revenue Service (IRS) on the appropriate 1099 Form or Forms. We suggest that the homeowner contact the IRS or their tax preparer to determine if they have any tax liability.

If you need more information or would like my help to try and take advantage of this offer please contact me at the number below.

Magda Stewart

951-609-5068

Magda.Stewart@coldwellbanker.com

This time of year for me is what I call reflection time. I look at how the past year unfolded, how I approached my personal and business goals, and what, if any, changes I want to make for the coming year.

The one thing I strive for always it to approach both, personal and business growth with an attitude of gratitude and to think of ways to give back.  In 2012 I hope to grow my business not just looking out for my client’s best interest and giving back to them, but also by giving back to what is important to them and near and dear to their heart. To do this I've decided to donate 20% of my commission check back to the Non-profit organization or fundraiser of your choice when you refer a client to me for the purchase or sale of a home. It's easy, refer a friend or family member to me, we close a transaction, you choose where the money goes.

We all know the current economy has had a major impact on all of us and Non-profit organizations, school clubs and teams, etc. are no different.  Their survival depends on the generosity of others and in this economy it’s difficult for most to be very generous. I like to think there’s always ways of helping out and hope my referral donations will make a difference for the recipients.

 As always, it is a privilege and an honor to have been given the opportunity to help some of you with your Real Estate needs in the past, to have made such great new friends, and look forward to helping you or anyone you know with any future Real Estate needs.

I wish you a very Happy, Healthy, and Abundant 2012!

Magda Stewart                                       

951-609-5068