In response to community needs, new website educates struggling homeowners on options to foreclosure.
In response to community needs, new website educates struggling homeowners on options to foreclosure. Local real estate agents and Certified Distressed Property Experts®, Ray and Peggy Pierce of Intero Real Estate Services responded to new mortgage delinquency numbers by creating a new information website for the San Benito County area homeowners facing financial hardships. http://www.ray-peggy.com contains vital facts about the options available to distressed homeowners. “With more than 14 percent of mortgages in default status, there is a significant number of homeowners who are facing foreclosure,” Ray and Peggy said. “When faced with the possibility of foreclosure, We’ve seen too many homeowners make poor choices, even walking away from their homes without calling their lender or a real estate agent. By offering free information on more beneficial options, We know we can help our community’s homeowners.” The Mortgage Bankers Association’s First-Quarter 2010 National Delinquency Survey announced that more than 14 percent of mortgage loans are not current on payments. More specifically, 10 percent of prime loans and more than 40 percent of subprime loans are delinquent. “Whatever their best option is, the most important thing homeowners can do is educate themselves before making a decision,” the Pierce’s said. www.ray-peggy.com acts as a central location for information on the issues and options for struggling homeowners, putting all the necessary information in one, easy-to-use location. The information and materials located on the site are regularly updated to reflect market changes, trends, new lender requirements and industry updates. Alex Charfen, co-founder and CEO of the Distressed Property Institute, said that more than seven out of 10 homeowners in foreclosure proceed without any visible assistance. “Agents with the Certified Distressed Property Expert® designation are helping distressed homeowners understand that there may be options available to them,” he said. Ray and Peggy Pierce have been trained to help homeowners avoid foreclosure, and this online education resource is a valuable public service.”
Ray and Peggy Pierce Provide Free Government Program Eligibility Surveys in Response to High Percentage of Mortgage Defaults
With more than one in seven mortgages not being paid, Ray and Peggy Pierce provide a new foreclosure avoidance resource.
Hollister, CA.– 05/25/2010– Local CDPE-designated agents and community advocates, Ray and Peggy Pierce of Intero Real Estate have announced the expansion of an online resource for San Benito County-area homeowners facing financial hardship: http://www.ray-peggy.com
According to the Mortgage Bankers Association’s quarterly report on mortgage defaults, 14 percent of mortgage loans are not current on payments.
This means that a substantial number of homeowners are at risk of foreclosure. “Many of these homeowners took on their loans when jobs were more secure and plentiful,” Ray and Peggy said. “Now, with unemployment reported at 9.9 percent, we’re seeing that more and more responsible homeowners are finding themselves with unaffordable mortgages.”
The Pierce’s website now contains eligibility surveys for government programs that offer help to distressed homeowners. One of those is the Home Affordable Foreclosure Alternatives Program, or HAFA, which streamlines the process and provides incentives for short sales.
These eligibility surveys let homeowners quickly find out if they can receive help from any of the government programs. The website also acts as a hub for information on the facts and issues for struggling homeowners, putting all the necessary information in one, easy-to-use location. “Seven out of 10 homes that have gone into foreclosure did so without even being listed on the market,” said Alex Charfen, co-founder and CEO of the Distressed Property Institute. “Agents like Ray and Peggy Pierce with the CDPE designation are helping distressed homeowners understand that there may be options available to avoid foreclosure.” The CDPE designation provides real estate professionals with specific understanding of the complex issues confronting the real estate industry. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing financial hardship in today’s market.
San Benito County has been hit pretty hard by the price down turn, one of the hardest hit in California.
We are beginning to see the pressure ease a little and things getting better.
I'm for more information to all to help make an better decision and knowing your options.
Here is just one
The link goes to basic information about HAFA. It will answer a few questions and give you a resource location web address. The more information we receive the better so in an effort to help we put this out there for the public. As always our best to you and ours on this beautiful rainy day, Ray
http://www.youtube.com/v/8TXx8rKy-Ow&color1=0xb1b1b1&color2=0xcfcfcf&hl=en_US&feature=player_embedded&fs=1"
One of the great ladies of San Benito community was laid to rest today. She was a wonderful example to everyone of what we could be if we had her insights and courage of 92 years.
The young children of the community have been receiving her balloons for decades.
I first met Gertrude when my son, at that time was about 4 years of age (he is now 33), was such a nice respectful boy in church. Gertrude thought that deserved a balloon reward, actually there were millions of reasons for a balloon reward.
Any time any little one and a few big ones needed praise Gertrude would be there with a balloon. Not just any balloon but very fancy balloons with many colors and designs.
Gertrude had a loving heart as big as all out doors and gave wonderful hugs. My daughter calls me the "ROCK" of the family but when Gertrude hugged me with her big bear hug she would melt this rock with her love. The same love she showed all in the community. She leaves behind this love in all she has touched and those that have touched her, she will be sorely and deeply missed but we are so much better for knowing Gert.
Information available at this link below.
Out of 136 active listings 23 of those are REO or bank owned and 31 are short sales. REO and shorts account for about 40% of our market currently. Currently 89% of the SOLDS are REO or Short sales in the last week. 79% of the Pending sales in the market currently are REO or Short sales. The REO market is turning to a short sale market. Home buyers must learn to put up with Banks that take their time accepting offers and agreeing to terms with their sellers. Escrow periods are increasing and pricing is slowly, ever so slowly increasing. Banks are tightening on money at least that's the way it appears here in San Benito County, Hollister California, USA.
Free report at:
http://www.ray-peggy.com
From our little piece of paradise called Hollister, CA all our best,
Ray
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We are a three person team, deadline and detail oriented with the highest level of ethics Peggy and Ray have over 37 years of combined experience in the real estate marketing and sales business.
Finding the right real estate agent can be the difference between a happy, stress-free home buying or selling experience, and an unhappy, stressful experience. Also it can cost YOU money.
You'll want an agent ready and able to make a full-time commitment to you. I can and will do that.
You'll want an agent with the experience needed to know the local neighborhoods, schools, market conditions, ordinances, etc. With my years of experience in the local market - I have the expertise and track record of success you need.
You'll want an agent who embraces the convenience of technology without losing the personal touch. You'll love the resources available on my website and the e-mail alerts that I send, but these will never replace the time I spend with you, serving as your personal guide through this exciting process.
Let's get together and talk about your home buying and/or selling plans. Call me at the office 831-637-9233X4476 or on my cell phone 831-801-2400 or send me an e-mail rpierce@garlic.com, we'll set-up a time that is easy and convenient for you to meet.
Use this section to write about your specific areas of expertise. Do you specialize in first time buyers - listing high end homes - etc. Are there specific market area's that you specialize in? The more you write about your area's of expertise the more knowledgeable you'll sound to a potential buyer or seller.
would like to take a minute of your time to express how much I have appreciated all of your hard work and dedication to the real estate industry.
As a current client of yours, I would like to thank you for many things, but most of all your Guidance, Patience, and Knowledge the two of you offer, not to mention the long hours. I can't tell you how many times I would call your office late in the evening to let you know there had been a showing, and I would get Ray on the phone, not voice mail. I realize it is because of agents such as yourselves, that we are now scheduled to close escrow in August.
I will be moving back to my home town, but if I or anyone I know will be needing any type of real etate services, you will be the agents that I will highly recommend.
In our fast pace lives that we all live, sometimes we don't stop to say thank you. Once again, I thank you and wish you much sucess in the years to come.
Lisa Muzzi
This humble missive is composed for the sole reason of expressing gratitude and deep thanks. My wife, Mary and myself placed our home on the market December tenth of two thousand. We engaged the services of Ray and Peggy Pierce of Coldwell Banker in Hollister, California. My wife and I were completely out of our element with this issue and chose to rely upon Ray and Peggy´s experience and expertise, both of which vastly exceeded our expectations and hopes. Our home sold in sixteen days four our fair asking price, a price set based on the experience of Ray and Peggy. The myriad details seem at first quite overwhelming. However, Ray and Peggy held our hands, soothed our nerves and demonstrated a great deal of forbearance in helping us cope with the situation. We developed a deep trust in their diligence, sincerity, integrity and competence. We were not disappointed. We were informed of what needed doing, and when it needed doing and in doing so both Ray and Peggy made a rocky road quite easy to traverse. They both seemed to possess an innate understanding of the emotional trauma moving can engender. My wife and I learned we could rely on them for updates and reassurance. On a personal note I am very grateful for the manner in which they made this time easier on my wife. That, in turn, made it easier on me. Mary and I would engage their services in the future without a second´s hesitation. They´re good and they care. As a final testimonial of gratitude I can only say this. You know you are on the right track when you begin to view people as friends rather then simply business associates. Thank you Ray and Peggy Pierce, from the bottom of our hearts. If you ever need a personal reference DO NOT hesitate to use us as a referral. Kent Hopkins, Mary Hopkins
"When we arrived in Hollister, we were fortunate to encounter Ray & Peggy Pierce. They took the time to ask us about our needs and desires for a new home -- size, price, location, etc. In order to save us time, this unique husband and wife team spent endless hours searching for houses that would meet our needs. What they found was the home of our dreams! We highly recommend the personal skills of Ray & Peggy Pierce."
Greg & Barbara Smith
"Thanks tons for all of the extra work and phone calls that went into this deal. It´s pretty amazing to pick a house and be moving into it only one month later.
We´ll certainly recommend you guys to anyone we hear of who is looking for a house. Thanks again."
Karen McCann
"Special Thanks for putting up with me and Bob through this house buying. Hope all the others you are working with won´t be so much trying to the nerves, we loved the house!!!"
Bob and Ellen
"I just wanted to take a minute to thank you. We really had a positive experience working with you. You were always prompt in answering my calls and messages. You know a lot about what you are doing. You helped us make educated decisions. I was extremely impressed with your service.
It was tough time having a baby, selling a house and buying a new house. I just really appreciated all the help you gave us. You were 10 times more helpful than our agent in Washington while buying our house.
Also, we don´t have a picture of our house in California."
Craig and Amy Phillips
"Ray and Peggy did an outstanding job of selling my home. Their "can do" approach to selling my home was very much appreciated."
Bruce Wagner
Just wanted to let you both know you made a very stressful situation go very smooth. You both have skills that cannot be learned in any real estate course. It is apparent why you have as many listings as you do. No matter how things go with our home, I´ve enjoyed your attention to detail along with your humor. I am glad we selected the Pierce Team as our agents!
?..Dale and Norma Carey
I felt that Peggy and Ray were the best agents we ever dealt with. They handled everything down to the wire. More agents should be trained by them on how to be professional when dealing with people.
Les Mundel
Ray and Peggy make a good team!!!!
Ed Gonzalez
Louisiana
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