I would like to say that I was shocked when I read this story on CNN Money this morning! BUT since I talk to Bank of America on a daily basis I KNOW what kind of QUALITY CUSTOMER SERVICE they are offering! I think as long as you have a pulse and you can fill out a basic job application you can answer the phones and assist struggling home owners!
In this story a home owner who was CURRENT on her mortgage was "accidentally" foreclosed on due to an error on Bank of America's part. The bank then ransacked her home and took her pet parrot when they changed the locks!! SO I caution everyone who has a mortgage that is current to call in and make sure that everything is OK! Especially if your mortgage was sold to Bank of America in the last 6 months!
Realty Negotiations works hard at helping homeowners short sale their homes, and offers a full range of real estate services. We are located in Winchester Virginia, but we serve Virginia and West Virginia. Please visit our website today for more information at www.realtynegotiations.com
How many homes on average are going to foreclosure in Virginia and West Virginia? CNN Money reported this morning with statistics provided by the Mortgage Bankers Association that in VA our average foreclosure rate is 5.77% and in WV it is 6.07%. Check out the map provided by CNN and you will see that as a nation these are about the average rates for everyone in the country right now.
http://money.cnn.com/news/storysupplement/economy/gapmap/index.htm
The worst states, California, Florida and Nevada are experiencing rates even higher! Florida currently has a rate of 20.43%!!! How can we stop the foreclosures? We need to take advantage of the HELP that is out their for struggling homeowners and try to help the country to begin to recover from poor lending practices, credit card debt, and income loss. Realty Negotiations is licensed in Virginia and West Virginia and we are experienced in helping homeowners get started with finding the information they need to see if they can stop their pending foreclosure.
On April 5th , Uncle Same will be launching the HAFA program to evaluate struggling homeowners for assistance for a loan modification or a short sale. Lets get the word out and make sure that everyone who is struggling seeks out help and lets try to prevent a few less foreclosures from happening.
https://www.hmpadmin.com/portal/programs/foreclosure_alternatives.html
Realty Negotiations can help you Short Sale your Home! Call us today at 540-535-2270 or visit our website at www.realtynegotiations.com for more information!
What's this? Free money for those individuals who own a home and want to improve it? YES!!! If you were already planning to do a little remodeling this spring make sure to include a few projects that will not only make your home more EYE-ppealing but more energy efficient as well. Uncle Sam says that if you choose projects that make your home GREEN, he will send you a little GREEN in return! You can get up to $1,500.00 back or 30% of your improvement costs in the form of a nice little tax return! SO what is on the list? Windows, doors, heating and air conditioning, energy star appliances . . insulation, and much more! Check out this link below for a COMPLETE LIST of projects . . courtesy of the National Home Builders Association.
http://www.nahb.org/generic.aspx?genericContentID=113316&emailFriend=trueout
Questions? Comments? Short Sale? Foreclosures? HOW MUCH IS MY HOUSE WORTH?
Uncle Sam has launched a new campaign to boost up, educate out, and encourage us to rebuild our retirement savings through 401K's, IRA's etc. Great Right? Well here is the problem! How many of us took a huge hit on our savings? How many of us took money out of savings because things are so tight? How many of us didn't have savings to begin with but thought our HOUSE would offer security? How many of us are just thankful to have a minimum wage job????
Every morning my two year old wakes up and comes running into my living room and sits on my lap while I work on this blog. I have to keep my 50 pound kid in snacks and sneakers and retirement seems VERY FAR AWAY. As I read CNN headlines and watch the antics on capital hill, I have come to realize that only frugal living and smart business practice will produce savings for the future. If you do not plan now, you may STILL BE EATING RAMEN NOODLES at 65+
Forget about retirement, what about keeping the lights on now? The problem is that it takes time and planning to build wealth for the future. Check out this article and see how YOU feel about Uncle Sam's Plan!
http://money.cnn.com/2010/03/09/pf/expert/government_retirement_plans.moneymag/index.htm
Questions? Comments? HOW MUCH IS YOUR HOUSE WORTH? Short Sale? Foreclosures?
SHORT SALES! As REALTORS we know how challenging short sale can be for both the homeowner, the bank and the purchaser. The government has heard our cries for assistance, but I'm not so sure the program will get off the ground easily. There is a great deal of room for FRAUD . . . and I worry that the people who really NEED the help will not get it. The program will be offered to those who have Freddie Mac or Fannie Mae investor held loans. The short sale process will be stream lined and the government is willing to offer cash incentives to the banks for cooperating.
THEY ARE ALSO OFFERING $1,500.00 for the homeowner to relocate! WOW! Now this would be great for someone who is unemployed or suffering severe financial hardships . .but this leaves a great deal of room open for someone who has just stopped making their payment for a few months to collect and exit as well. I'm also worried that like the HAMP program homeowners are going to be confused and disappointed when they find out that their loan is not held by Fannie Mae or Freddie Mac!
As far as the fraud issue goes . . I smell a HVCC like requirement brewing on the BPO guideline to minimize the changes of REALTORS fudging their figures to get the deal done. More regulation! More money handed out! I hope this program will not equal MORE Headache for those of us who are trying to help homeowners the RIGHT WAY!
Please read this article from the New York Times, for more information !!!!:
http://www.nytimes.com/2010/03/08/business/08short.html?src=sch&pagewanted=all
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
© 2013 ActiveRain Corp. All Rights Reserved
