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Homeowners

Homeowners to share future appreciation in exchange for discounted loans
2008-07-23 17:00:00
As the current housing crisis has proved, this country is in the largest economic crisis in the post-WWII era. Millions of homeowners are facing the loss of their home and many are left on the street.
Foreclosure Prevention Pro Bono Project - Saving Homeowners
2008-07-21 16:05:00
Foreclosure Prevention Pro Bono Project is on its way to help the homeowners to release their real estate properties from the grip of lenders. It?s a project, rather a resolution, taken by Maryland nonprofit groups. The pioneer of this project, Mr. Robert M. Bell, the chief judge of Maryland?s Court of Appeals, has taken the ...
Indianapolis Real Estate, Flood Plains and Homeowners Insurance
2008-06-10 03:22:00
Last weeks rain and subsequent flooding in several locations around the state have left many homeowners wondering if they will ever return to the place they called home. They are digging out their belongings, trying to salvage what they can, while they wait for the waters to recede and a ?good word? from their insurance company. Many maySHARETHIS.addEntry({ title: "Indianapolis Real Estate, Flood Plains and Homeowners Insurance", url: "http://indyrealestatetalk.com/-indianapolis-real-estate-flood--plains-and-homeowners-insurance-/" });
No End In Sight For U.S. Banking Crisis
2008-06-07 05:31:00
The Wall Street Journal, with a little bit of help from federal regulators, managed to torpedo hopes earlier today that the United States was approaching an end to a banking crisis brought on by the housing bust. Michael Corkery, Jonathan Karp, and Damian Paletta wrote: Until now, most of the damage to banks from the ...
Option ARM Reset Schedule Moves Up As Homeowners Feel Distress
2008-06-06 15:44:00
Business Week has published an interesting article on option ARMs. The general thesis is that they will be the next wave of homes that are entering foreclosure in the United States. With subprime loans wreaking havoc across the United States and world financial markets, the housing market has been suffering. The unsold inventory and foreclosures are ...
Here's good news for homeowners with "problem" loans.
2008-06-06 08:07:00
Hope Now, the private sector alliance of mortgage servicers, counselors, and investors that is working to help prevent foreclosures, announced today that mortgage servicers provided loan workouts to approximately 183,000 homeowners in April 2008, the highest monthly amount since the program was begun in July 2007. Since July 2007, the industry has helped almost 1.6 million homeowners avoid foreclosure through workouts which include loan modifications and repayment plans. Here is a link to the entire article, detailing some recent success for the program: http://hopenow.com/upload/press-_release/files/Homeowner%20Work-outs%20Reach%20Record%20Level%2-0In%20April.pdf For more information on HOPE NOW, and to see the full membership of the Alliance, please visit www.HOPENOW.com. If you know someone who is having difficulty making their mortgage payments please send them a link to this blog, or have them give me a call ( 949-643-2100 ) or an email: BobP...
Latest Foreclosure Numbers Show 97.5% of Homeowners Pay on Time...
2008-06-06 00:00:00
That could be an alternate title to the news story claiming Homes in foreclosure top 1 million, but it probably wouldn't gain that much attention. As they say in the media, "if it bleeds, it leads."The news on Wall Street today was wildly positive. Stocks closed up sharply, unemployment was down for the week and even retail sales were up last month. The American consumer is alive and well.I'm not trying to downplay the foreclosure situation, because the numbers are truly staggering. If we take into account the fraud and speculation over the past few years, many of the homes being "lost" were never occupied to begin with. Consider some of the fraud stories covered here: Casey Serin had 8 empty houses lost to foreclosure; Zareh Tahmassebian several dozen; Brad Kitchen also had dozens. Workouts for those loans were simply not possible.Consumers are taking advantage of the deals in real estate owned (REO) properties. Sentiment has turned.The revival will probably begin in the ...
Why are some homeowners able to fix their loans and others are not
2008-06-05 17:00:00
Everyday struggling homeowners call the foreclosure Help Hotline for advice on how to save their homes and avoid foreclosure. The next step is called the foreclosure prevention process.
Mortgage Relief Program: Will it be too late for many homeowners?
2008-06-05 11:22:00
In order to address the enduring foreclosure crisis, the Senate has passed a mortgage rescue proposal that aims to help distressed homeowners switch to government-backed mortgages under the supervision of the Federal Housing Administration. Based on initial estimates, about 500,000 homeowners will be qualified for such program, which will be worth $300 billion.
PMI Launches Site For Distressed Homeowners
2008-06-04 15:23:00
The PMI Mortgage Insurance Co. has launched a new site for those who are at risk of foreclosure. The site is basic, but if I was at my wits end and worried about losing my home, this is exactly what I would be looking for. HomeSafePMI.com was released to the public today. If you know someone ...
As Foreclosure Numbers Increase Nationwide Distressed Homeowners Face Decre
2008-05-29 16:24:00
There's no imminent end to the foreclosure crisis gripping our country. Until lenders and homeowners get on the same page turning things around will be a long and difficult task. Setting financial goals helps direct financial planning. Examples of financial goals are: "To retire at age 50 with a personal net worth of $800,000 American," or "To buy a house in 3 years paying a monthly mortgage servicing cost that is no more than 25% of my gross income". It is not uncommon to have several goals, some short term, and some long term. Read more about finance.
Qualicare Maids In Fayetteville NC Rated Over merry maids By Homeowners
2008-05-29 07:08:00
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USwitch Reports Further Utility Bill Rises For Homeowners Posted By : Mark
2008-05-22 07:00:00
Despite Britain's six largest energy suppliers increasing the cost of their tariffs only a few months ago, consumers could be set to find themselves coming under further financial pressures, it has been suggested.
Homeowners Recommended To Be Active In Reducing Money Pressures Posted By :
2008-05-16 07:00:00
Those consumers who are concerned about managing their money in a time of increased economic strain should consider investigating ways in which they can lessen the burden they are under, it has been suggested.
A Few Notes About Homeowners Insurance for Murfreesboro, TN and Rutherford
2008-05-16 01:29:00
When purchasing a home in Murfreesboro, TN, Rutherford County, or Tennessee in general, you will need to acquire homeowners insurance. In fact, all lenders will require a policy be in force prior to funding the loan. Make sure you have enough coverage, should anything happen. Policies refer to “replacement costs” that may not cover everything. You ...
FHA Chief Shoots Down Housing Bailout Bill
2008-05-14 23:08:00
Here?s another great piece that was suggested to me. As you may have heard already, the U.S. House of Representatives passed a bill last week that would enable struggling mortgage holders to refinance into more affordable loans guaranteed by Uncle Sam. The legislation, spearheaded by House Financial Services Chairman Barney Frank, would require ...
Homeowners Playing It Touch With Their Lenders
2008-05-14 18:45:00
Some homeowners like to play it really savvy with the bank. This helps them gain time as well as defer the payment and avoid foreclosure. They can be both brash and uncouth, and even end up into all sorts of trouble in the long run. A man from Discovery Bay, who was asked to point out the “upside down” situation of his house said that he was in fact bemoaning the plans to capitalize on it, as he was behind around $260,000 in due payments for his mortgage. This tacky situation got him after quite some endeavor itself. He had pulled out $100,000 and used it to revamp the house. He has a gorgeous pool in his already magnificent property, which is continuously reducing in value over the last few months. So, he has decided to build and add equity to it for over the next four to five years rather than paying the mortgage. In this way, he has not made a single mortgage payment for nearly five months in a row. The man has no wish to regret and make the payments. Instead, he enjoys playi...
Home Sellers and Homeowners in Downtown Sacramento
2008-05-14 15:00:00
Many times as Realtors we get very interesting questions and situations, today was no exception. I received a call from a cast member of the Broadway show of Phantom of the Opera asking for assistance in finding a furnished condo downtown Sacramento from May 18th thru June 15th.  This cast member would also consider renting a room in ...SHARETHIS.addEntry({ title: "Home Sellers and Homeowners in Downtown Sacramento", url: "http://sacramentorealestatevoi-ce.com/2008/05/14/home-sellers--and-homeowners-in-downtown-sacr-amento/" });
Seattle Homeowners $5000. for those facing Foreclosure
2008-05-14 03:53:00
HELP FOR SEATTLE HOMEOWNERS AT RISK OF FORECLOSURE There's new help available for Seattle homeowners on the brink of foreclosure. The City Council on Tuesday 5/13/08 approved a new program that will offer $5000. loans to homeowners facing default. Forty loans are available. Income up to between $48,000 - $50,000 or 80% of the median income can qualify contact the urban league at 1-800-368-1455. If you don't have a home in Seattle but still need help with keeping your home visit my web sight for additional information on proposals in the works to avoid foreclosure www.workingforyou.net/myblog Or leave a message at my e-mail address geraldine@workingforyou.net I can add you to my list of those wanting to be notified of new information - help for homeowners facing foreclosure
Housing Bailout Latest
2008-05-12 21:32:00
This morning I received an e-mail from the powers-that-be behind Stop The Housing Bailout! According to STHB: ? Readers against a housing bailout should contact U.S. Senator Richard C. Shelby. He can be reached by telephone at (202)224-5744, and by e-mail at Senator@shelby.senate.gov. STHB stated, ?He is going to run the show from ...
Law protects armed homeowners
2008-05-12 19:28:00
Georgia and more than 18 other states have similar versions of a “defense of habitation” law, sometimes known as the Castle Doctrine law.
By: Gun News
Troubled Homeowners: Beware the Predators
2008-05-12 16:39:00
by Roberta Murphy The real estate predators are always there–in good times and in bad. There are whispered stories in real estate circles of certain escrow and loan officers who, in the heady days of real estate, slipped deeds into the stacks of papers homeowners were signing as they refinanced their homes. The deed, of course, moved ...
Homeowners hit by Hurricane Foreclosure!
2008-05-08 16:20:00
Homeowners across the country thought that maybe 2008 will bring them some relief and maybe the government will sit up, open their eyes and do something to restore normalcy but now it seems like foreclosure is an eventuality that can?t be avoided. By the end of the first quarter of 2008, 156,463 repo homes were created as homeowners were struggling to make their monthly mortgage payment. Foreclosure activity doesn?t show any signs of a slow down, which basically means that the bubble might burst any time and the situation, might go out of hand.
Green Remodeling - The Next New Wave For Homeowners?
2008-05-07 16:35:00
Face it, the odds of energy costs coming down in the near future are nill. Combine that with a stagnant housing market, a glut of starving construction workers, and personal incomes for most not going down, you have the recipe for a surge in Green Remodeling. The Green movement has always been a fringe element ...
Homeowners are now going to sue
2008-05-03 01:17:00
Should the homeowners sue? It is now official the law office of Mainor Eglet Cottle trial lawyers are preparing several lawsuits against Realtors®, lenders and appraisers. To quote Mr. Cottle " a triangle of professionals, every one of whom failed consumers most of the time." Mr. Cottle said he will prove that agents, lenders, and mortgage brokers failed their fiduciary duty to explain all buying and borrowing options. He contends that the home buyers should have been given professional recommendations in their best interest. Again to quote Mr. Cottle "instead agents and brokers focused on commissions and corporate bounuses and put buyers into adjustable rate mortgages that adjusted upward." Here is the link for full article Las Vegas Review Journal States also filing lawsuits include, Arizona, California, Ohio, Maryland and New Mexico. These states are also claiming professional lapses could cost hundreds of thousands of homeowners t...
Signs Of The Time, Part 14
2008-05-02 23:15:00
Baseball. Once America?s national pastime (before suing anything with a pulse became all the rage). Who would have ever thought that the sport, in any way, would be connected to the ongoing housing bust here in the United States? According to Reuters? Jill Serjeant yesterday, former baseball star Jose Canseco said on ...
Government Steps Up Efforts To Assist ?Stupid? Homeowners
2008-05-02 12:00:00
To further help homeowners caught up in the subprime mortgage mess, President Bush is proposing a plan called, Operation: I'm With Stupid. It's genius.
Loans Act A Lifeline For Homeowners Facing Foreclosure
2008-05-01 15:27:00
In West Palm Beach, even bankers are facing foreclosures. Dee Sherrod, an assistant bank manager, along with around six other people at the Foreclosure Assistance Centre in the city. They all had their own respective stories. Some of them are running late in payments and some have to refinance in order to continue to stay in their homes. However, options are fast running out for all of them. The Foreclosure Assistance Centre was established in April and is the first centre in the country. House owners can get as much as $10,000 as emergency assistance in order to meet their due payments. The city thus pays the mortgage that is overdue and the home owner pays back the city at a lower rate of interest and this process starts five years after the mortgage have been paid. The homeowners are able to stay in their homes and they have to continue paying their monthly mortgages. The housing and community development director of the city, Emelda Johnson said that they were just extending the...
No Property Tax Relief In Sight
2008-04-30 22:37:00
More bad news, American homeowners. Just when you thought there might be a silver lining to declining home prices in that property taxes would be lower, the Wall Street Journal is reporting that local governments throughout the United States are raising property tax rates to compensate for revenue shortfalls. These taxes serve as ...
Would you like to save money on your homeowners insurance?
2008-04-30 20:25:00
Hi All! I hope you've had a great week! The weather here in Fort Walton Beach has been as low as the 40's at night, but getting to the low 80's during the day. It's great weather for walking on the beach, but the water is still a bit chilly! Anyway, we all like the idea of saving money on our homeowners insurance right? I know I do! There's something that's great for current homeowners, as well as buyers and sellers. I've heard the ads on the radio about My Safe Florida Home. Their website is www.mysafefloridahome.com. You can spend a few minutes filling out their form on line and they will send someone out to inspect your home to see how it will withstand a hurricane. If there are things that can be done to make your home more "Hurricane proof" they will let you know what that is and you could even qualify for matching funds up to $5000 to make those upgrades. AND, you can also use the report (and any updates made), give that information t...
Personal Liability Insurance…Why Homeowners Need An “Umbrella” Policy
2008-04-29 12:49:00
The Latest News on the Tampa Real Estate Market and Everything You need to know about buying a house in Tampa, every day… Another article in my series on “Florida Insurance Issues”… Commonly... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Students urge Jerusalem's absentee homeowners to rent
2008-04-29 09:25:00
While many Diaspora Jews consider their Israeli homes an important investment in the Jewish state, many locals say absentee homeowners have driven up market prices, drained the market of available rentals and made many Jerusalem neighborhoods unaffordable for Israelis.That's why a coalition of student activists has launched a campaign to persuade the absentee homeowners to open up their homes to Israeli renters."We think it's great that foreign Jews are buying here and investing in Jerusalem," said David Uziel, 29, a graduate student in urban planning at Hebrew University. "But if they keep their apartments empty, they are weakening Jerusalem."
Bank of America to Revise Home Loans to Help Homeowners
2008-04-29 02:19:00
Bank of America is planning to modify nearly $40 billion in existing mortgage loans. The move is part of its agreement to acquire Countrywide Financial, in order to gain approval with the Federal Reserve it has agreed to modify existing home loans to help out struggling home owners.
Speaker of House Nancy Pelosi Says 1 in 20 California Homeowners Will Be in
2008-04-28 13:00:00
Nancy Pelosi, Speaker of the House, must be the Queen of the FUD (fear, uncertainty, and doubt). Instead of talking about the positive things that have gone on in the country over the past 2 years of her speakership, she instead decides to be a fear monger to those in the fear mongering business. Addressing a mixture of ...
5 Best Steps to Hail Damage Control for Homeowners
2008-04-27 07:00:00
Earthquakes, fires, floods, tornados…all God’s way of reminding us that we live on an Earth that’s alive and dynamic. But for us homeowners, natural disasters can be (at the minimum) severe on our finances. This is why we always need to be aware of our surroundings, protect as much as we can, and ...
Homeowners Advised Against Burning Unnecessary Holes In Their Pocket Posted
2008-04-24 07:00:00
Although it may not be at their top of to-do list, it is important for those who have either recently moved home or are considering doing so to get in touch with their utilities provider, it has been indicated.
Fannie And Freddie Meltdown Could Cost Up To $1.1 Trillion
2008-04-22 17:10:00
Here?s something to think about. According to CNN Money yesterday, credit rating agency Standard & Poor?s recently estimated that a financial meltdown at mortgage financing giants Fannie Mae and Freddie Mac could require a taxpayer bailout costing $420 billion to $1.1 trillion. CNN Money senior writer Chris Isidore noted that this staggering amount ...
And Now, Some Financial Advice From Benny Hill
2008-04-22 16:01:00
I?ll bet you didn?t see this coming. Andrew Edwards, for the Wall Street Journal?s Real Time Economics Blog, reported yesterday that delinquencies on home-equity lines of credit issued in 2005 and 2006 shot up last month, according to Standard & Poor?s. Edwards wrote: S&P said that 9.19% of lines issued in 2005 and 11.45% ...
Hard Equity Loans - Last Resort for Homeowners?
2008-04-22 10:00:00
Unfortunately many homeowners are faced with the situation today that they may be losing their homes because they have a financial setback and they may not be able to make their mortgage payments for a period of time. This can happen from a number of different situations including loss of job, illness, unfortunate financial circumstance etc. ...
Why Do Homeowners Get Reverse Mortgages?
2008-04-22 06:23:00
Why do people get a reverse mortgage? According to the Consumer Credit Counseling Service of Greater Atlanta, the #1 reason is because the homeowner’s budget is too tight. It may be that the results of a survey of 213 reverse mortgage borrowers taken by the group apply to Atlanta area but not elsewhere. That said, the ... read more
Organizational Tips for WNY Homeowners
2008-04-19 19:27:00
If you are selling or buying a Western New York home this year, you’ll be doing a lot of de-cluttering, throwing away, organizing, and then re-organizing in your new place.   Why not have a plan for when that time comes?  For the rest of us, we can just get organized for the sake of being organized. Read Also:  The ABCs of Household Paper Management Kitchen Organizational Tips Complete Spring Cleaning Checklist To help get your WNY home for sale get ready to sell or prepare yourself for your move into your first new home, Lowe’s has put out a great tip sheet that will assist you in getting organized.  This tip sheet is full of helpful information even if you are not moving. Read Also: Checklist for Preparing Your Home for Sale  Showing Advice for your WNY Home Observations of a For Sale By Owner Thinking of selling your WNY home?   Then call me at (716) 990-7384 or fill out this form for a complementary, competitive market analysis of your Western New York home. ...
So Cal Housing Market Report
2008-04-18 22:43:00
Crash and burn All the stars explode tonight How?d you get so desperate How?d you stay alive Help me please Burn the sorrow from your eyes Oh, come on be alive again Don’t lay down and die -Hole, ?Malibu? (1998) I think Courtney Love best described the Southern California housing market these days. The reports coming out of there are SO BAD, I ...
Housing Porn
2008-04-17 21:51:00
I?ve been meaning to write something for a while now on the television-based ?housing porn? that blossomed during the U.S. housing boom earlier this decade. Unfortunately, James Poniewozik of Time beat me to the punch. I?m glad he did, because he nailed the phenomenon right on the head. Poniewozik wrote in ?Pimp ...
Homeowners insurance
2008-04-17 20:04:00
I own a 3 family home with the bottom 2 floors rented out. I live in the top floor apt. My homeowner's insurance (Safeco) premium just went up by $1000 per year. I'm wondering if anyone has a suggestion for an insurance company that offers competitive rates for multifamily properties
Housing Crash Consequence #2857: Screwed Homeowners Associations
2008-04-17 09:00:00
Again, like a broken record, as predicted here, homeowners associations across the land are running into big issues now that the housing gamblers and failed flippers can't pay their monthly nugget - or can't even be found.Choice A: Cut servicesChoice B: Get the demoralized residents to keep up the jointChoice C: Raise everyone else's HOA feeChoice D: Go bankruptChoice E: All of the aboveI'd love to hear what's going on in Failed Flipper monuments like the Third Avenue Lofts in Scottsdale, or the Club at Brickell in Miami for starters. Not quite the HOA-paid-for wine and cheese parties everyone expected, eh?Foreclosures force HOAs to cut corners on upkeep Homeowners associations strapped by unpaid assessments related to the foreclosure-ridden real-estate market are mustering volunteer work crews, cutting maintenance jobs and scrimping on landscaping to save money.Phoenix, Chandler and Avondale are among Valley cities fielding calls for help from HOAs that previously turned only ...
Weird Housing Tales, Part 7
2008-04-16 21:37:00
Here?s one casualty of the U.S. housing crisis that no one talks about: Marriages. Don Moore from divorce360.com wrote an article that appeared in MSN Money today, and said that experts believe an increase in the number of divorces may be related to escalating mortgage payments. Nicolas Retsinas, the director of Harvard University?s ...
Boon For The Non Homeowners: Cheap Unsecured Loans
2008-04-15 18:10:00
By Aldrich Chappel While moving on the road I saw a banner which said ?avail cheap unsecured loans on easy terms?. I got confused and I am certain you might also be in the same state. Earlier we have heard that one can avail cheap loans by placing security to the lender. Because of the collateral placed, the lender feels secure for the amount of loan. So if collateral makes it cheap, then how come without collateral the loan can be cheap. To end my confusion I visited a financial expert to seek advice and to know about such loans. Cheap unsecured loan are nothing but simple unsecured loans. Moreover, we call it cheap due to the advantages that such loans offer. Few of the advantages are as follows: ? Repayment: Cheap unsecured loan are the short term loans which facilitate repayment as quickly as possible. The amount involved is small, which in turn make the borrower to repay it earlier. read more
Pawlenty Announces Actions to Assist Homeowners
2008-04-15 15:08:00
GOVERNOR PAWLENTY ANNOUNCES ADDITIONAL ACTIONS TO ASSIST HOMEOWNERS FACING FORECLOSURE ~ Includes Foreclosure Counseling Workshops, funding for mediation, lender compact ~ Actions announced by Governor Pawlenty today include: Expanded Foreclosure Counseling Workshops to be held around the state Creation of...
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