Banks Spend Billions to Help Troubled Borrowers
JP Morgan Chase & Co. is opening 24 offices nationwide to help home owners facing foreclosure.
"The idea is to reach people who are in trouble--many who may have gone into avoidance mode," spokeswoman Nancy Norris says. "We hope this personal, face-to-face service will enable us to help more of our customers."
JPMorgan Chase and Wells Fargo received $25 billion in federal bailout funds. Bank of America and Citigroup each got $45 billion.
Norris says Chase expects to use this money to help about 700,000 mortgage customers - a total of $110 billion in home loans - by the middle of 2010. In total, Chase has 10.4 mortgage customers.
Some observers are dubious that even this well-funded plan will work.
"Unfortunately, we tend to be a little cynical about these efforts," says Daren Blomquist, a spokesman for RealtyTrac, a research company that tracks foreclosures. "It seems that everything thrown at the problem so far has not been too successful."
Source: Orlando Sentinel, Richard Burnett (03/27/2009)
What's your Jacksonville or Orange Park home worth??? Find out here!
The Jones Group
Mike & Cindy Jones
Real Estate Consultants
Certified Short Sale Specialist
Keller Williams First Coast Realty
(904) 874-0422
For all your real estate needs in Jacksonville, Orange Park, Mandarin, Jacksonville Beaches, Middleburg, Green Cove Springs, Ponte Vedra, St Augustine. Find Homes for sale. Get your homes value. Search homes at www.MikeAndCindyJones.com Get a list of foreclosures FREE
6 Reasons Why It's Still a Good Time to Buy
The housing market is looking healthier. Here are six reasons why now is the time to jump into the market.
1. Uncle Sam is willing to help. First-time buyers (defined as anyone who hasn't owned a home in the last three years) are entitled to a maximum $8,000 tax credit; interest rates are at record lows; and the Federal Reserve is doing its best to make mortgage loans available. Find out more about the tax credit here.
2. People have to live somewhere. About 800,000 new households are formed each year in this country, ensuring that the housing market will tighten, even if the economy doesn't soar.
3. Borrowers leverage their investment. If you put $10,000 into the stock market and it earns 10 percent, you've earned $1,000. If you put $10,000 down on a home and its values increases 10 percent, you've made $10,000.
4. When prices come back up, you'll have instant equity. In parts of the country where foreclosures have driven down prices, better times will mean the price of the home you buy will rise rapidly.
5. Mortgage costs stay the same. If you get a fixed-rate mortgage, the monthly payment stays the same - while everything else, including rent, goes upward.
6. You own it. There is something comforting in the notion that your home is your own. You can paint it any color you want, let the dog run in the back yard and hang a swing for the kids in the front.
Source: The Wall Street Journal, June Fletcher (03/27/2009)
The Jones Group
Mike & Cindy Jones
Real Estate Consultants
(904) 874-0422
JonesGroup@kw.com
If you are looking for homes for sale in Jacksonville, Florida and surrounding areas such as , St Augustine, Green Cove Springs, Middleburg, Orange Park, Mandarin, Ponte Vedra there is no need to look anywhere else. If you don't see what you are looking for below.......we can find it for you.
First Time Home Buyer Tax Credit
The program "Making Home Affordable" includes a web site makinghomeaffordable.gov as well as a hotline number to call at (888) 995-4673
This new program is aimed at 9 million homeowners with loans held by Fannie Mae or Freddie Mac.
The Jones Group
Mike and Cindy Jones
Real Estate Consultants
Certified Short Sale Specialist
(904) 874-0422
Scammers Target Troubled Borrowers
Scam artists are proliferating, attempting to make money off troubled borrowers interested in taking advantage of President Barack Obama's foreclosure-prevention plan.
The firms charge fees for what they tell borrowers will be quick and effective negotiations with banks. In
most cases, the firms take the home owners' money - often more than $1,000 - and do nothing.
The Federal Reserve recently issued this advice for people seeking to modify their mortgages:
Source: The Wall Street Journal, James R. Hagerty (03/11/2009)
The Jones Group
Mike and Cindy Jones
Real Estate Consultants
(904) 874-0422
 |
|
|
For ALL things Real Estate in Jacksonville, Orange Park, Mandarin and the Beaches call The Jones Group
visit our main page at www.MikeAndCindyJones.com
Mike Jones, AKA Jacksonville's Voice of Real Estate and former host of The Real Estate Today Show is a Jacksonville native and would like everyone, especially those from up north to know he has never experienced a full on hurricane. This seems to be a familair topic of discussion when he meets customers from out of state. Another topic folks are concerned with is alligators, kinda like squirrels in these parts.......hurricanes and alligators are synonymous with Florida and he doesn't worry much about hurricanes and advises not feeding the alligators. You'll be fine.
Born and raised in Jacksonville, Mike has enjoyed the Florida sunshine for all of his 40 plus years except for the 6 years he spent in the United States Navy. As any Aviation Ordnanceman, he's proud to be called an AO, Ord'y or Red Shirt. Once an AO...always an AO! He spent his first 4 years of service attached to VA-27, one of the last A-7 squadrons in the tropical paradise of Lemoore California (if you've ever been to Lemoore you'll know this is not the case). He also enjoyed life on the flight deck of the aircraft carrier USS Carl Vinson for 2 western Pacific cruises (West Pac) and anytime you want to sip on a cold one and swap Navy stories....he will gladly oblige.
Cindy Jones, the prettier of The Jones Group is a transplant from Nashville, Tennessee via St Petersburg, Florida and a few other places. She landed in Jacksonville soon after her 6 year hitch in the United States Army. A gun tote'n, scud missile dodg'in veteran of Desert Storm she is surely a force to be reckoned with, although you would never guess it by looking at her. She hates snakes, bugs and lizards...Florida provides plenty of these too! However she loves the warm sunshine and helping good people with their real estate needs.
Together they enjoy keeping fit, riding Mikes Harley Davidson Road King, making friends, spending time at the beach and helping people buy and sell Jacksonville and Orange Park Real estate.
While we spend most of our time in the residential resale market, we have a lot of experience with new construction, vacant land, commercial property and investment properties. We don't limit ourselves to a certain price range in any type of real estate. If a buyer or seller is serious and motivated about achieving their goals, we'll help them no matter the price.
Welcome to your one-stop source for real estate services covering the Jacksonville, Orange Park, and Mandarin areas. Real estate is one of the most exciting investments one can make, and it should be a fun and rewarding experience. Here you'll find everything you'll need to buy or sell a home, as well as learn about the market value of homes you may own in the area. It is our goal to provide you with superior service at all times, so please tell us more about you! Learn About Us.
Many homeowners today find themselves in the position of needing to sell even when the value in their home has dropped below what they owe on the mortgage. In this instance a short sale may be an option if you don't have the funds to cover the deficiency.
Welcome to your Jacksonville Real estate resource. Search the Jacksonville MLS for listings, homes for sale, vacant land and luxury homes in Jacksonville and homes for sale in Orange Park, Florida. You can also search for homes for sale in Atlantic Beach, Jacksonville Beach, Ponte Vedra Beach, Neptune Beach, Nocatee, Orange Park, Ponte Vedra, Southside, Mandarin, Oakleaf Plantation, Green Cove Springs, Middleburg, Fleming Island, Eagle Harbor, Eagle Landing and Arlington areas. We can also help you with Clay County homes and land for sale, St. Johns County homes and land for sale, and Duval County homes and land for sale. Relocating? Relocating to Jacksonville? We can help make the experience much more pleasant.
Whether you are a first time home buyer, moving up, downsizing or seasoned investor, or if you are looking to sell your Jacksonville or Orange Park home, we are here to help. We can help you with new homes, re-sale, residential homes, vacant land, commercial properties, luxury homes, ocean front homes, waterfront homes, golf course homes, farms, acreage. Pre-qualify for your mortgage online. FREE mortgage application.
What are homes selling for in your area?
Looking for Foreclosures in Jacksonville or Orange Park? Send us a list of your requirements such as price range, bedrooms, baths, location etc and we'll send them to you. E mail your requirements to MikeSellJacksonville@live.com
Kim Glover- our first video testimonial
Click here: Hawks Haven
Rick & Deniece Woodson -
Mike was knowledgeable, friendly and professional making the experience enjoyable instead of stressful. Mike knew we were first time home buyers and he was honest, helpful and didn't push us in any way.
Ann Marie Williamson -
Cindy was extremely helpful, polite and courteous. She was always there when we needed her and had answers for everything!
Cate Vreeland -
Cindy Jones is fantastic! I hope all Realtors are as patient, kind, humorous, helpful and efficient as Cindy....she ROCKS!
The Gruenemeiers -
Mike & Cindy are very personable, experienced and wonderful to deal with. They have considerable knowledge and are aware of many different ways to get you into a home.
Rob & Margarita Coyle -
Mike provided 110% customer satisfaction! An excellent Realtor I recommend for Realtor of the year..He's very efficient! Sold our house in the morning...closed on our new one in the afternoon without a hitch.
Diann Samuel -
Cindy was always readily available to answer all my questions. Most of all I felt very comfortable with the way she handled things!
Mr. & Mrs. George Waggoner -
Mike is a true professional who goes above and beyond. All agents should follow Mike Jones' lead!
Mr. & Mrs. Larry Zabel -
Mike is an excellent guy and Cindy is wonderful! They have a lot of patience and are willing to help with everything. If I every need to sell or buy....I'm calling Mike & Cindy!
Dustin & Angie Crawford -
Thankfully we found Mike Jones..he went above and beyond what it took to make us happy. Not only is Mike a good Realtor, he is a wonderful person too...Mike Jones should serve everyone in Jacksonville!
Mr. & Mrs. John Arms -
Mike does his job very well and follows up with every detail. His professionalism and integrity are second to none!
Phillip and Caroland Williford -
Mike was very professional, friendly and always aware of what we were looking for as his clients. We received very good service from Mike Jones and you should have more people like hime working for your company.
Paul Fisher -
Mike and Cindy worked very hard to get our home SOLD! They also promptly answered all my questions and did everything they promised and more.
Abe Sharqawi -
Mike kept his word and returned calls on time. Very important attributes I look for in people.
Mr. & Mrs. Charles Kananszka -
Mike was friendly, followed through and provided our home with excellent exposure. He did everything he said he would and worked hard for us to sell our home!
Rafael & Rosa Delatorre -
Mike Jones is very professional and honest. He was always in contact with us from contract to closing keeping us thoroughly informed. We highly recommend Mike to all our friends!
Scott & Michelle Logan -
Mike is professional, courteous and does exactly what he says he is going to do. When the time comes for us to buy or sell our next home we will surely use him. His company should be very thankful that he is a person with such integrity & enthusiasm!
Peggy Longuil -
Mike and Cindy are bith very efficient. They know their job and do it very well!
Frank & Ruth Hamwey -
Mike sold our home, our cousins home next door and sold them both in record time. In my opinion....there are no other agents in Jacksonville!
Paul & Arlena Grubs -
We are very satisfied with Mike & Cindy. They were always polite and available to answer my calls and questions. We will continue to recommend tehm. They do a great job!
James & Lynn Hughes -
What else can we say......excellent, excellent, excellent!
Joe & Heather Selvaggio -
Mike and Cindy were great to work with! They found us the perfect house in just a couple of days!
Hank & Irene Yacek -
Mike was sincere polite and accomodating with no pressure. i liked that he always returned my calls.
Mr. & Mrs. Richard Phipps -
Mike and Cindy did a wonderful job. Very efficient, courteous and the best Realtors we've ever encountered!
Bill & Rose Lorenzen -
We are extremely satisfied! They got the job done, they were honest, thourough, understood our situation, helpful and responsive. The only suggestion we have to improve the service of your company is to "Clone Mike & Cindy Jones"!!
Francis & Irene Matuszek -
Mike Jones answered al my questions in a pleasant and knowledgeable manner. He was informative, efficient and responsive to our every need in this endeavor! You're doing great with Mike Jones!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
