Beware of Home Foreclosure Avoidance Scams
It is so sad to say, but there are a few bad apples in every society. These bad apples always seem to raise their ugly head the highest when times get difficult. When people need honest, professional advise the most, these few bad apples seem to feed on people like a hungry shark at a beach on Sunday. With the recent down turn of the economy and housing troubles leading the way, there are numerous foreclosure avoidance scams, so caution should be top of mind. Government Foreclosure Avoidance Programs During the past year all kinds of government foreclosure avoidance programs and dialogue ...
Federal Government increases Value Refinance Program to 125 Percent
The federal government program to help home owners refinance their troubled home value took a step up recently. Under the U.S. Housing and Urban Development program, Secretary Shaun Donovan announced July 1st that the old limit under the government’s Home Affordable Refinance Program has increased the maximum percentage rate from 105% to 125%. This will help some home owners who are underwater qualify for the governments program to help refinance their homes. With the increase in percentage rate, this means if you qualify under the guidelines of this program, your house could be upside down up 125% and still qualify. For ...
National Home Delinquencies are on the Rise!
The National Home Delinquency Figures are on the Rise We hear in the news that we may be at the end of the economic skid, but recent figures are showing that home mortgage delinquencies are continuing to increase. Since May of this year to August the total mortgage delinquencies have had a significant jump in overall numbers. A large jump in both delinquent mortgages and in actual foreclosures. Recent figures have shown a jump of 4.61% in just 4 months. This supports the overall statistics we see of an increase of future foreclosure figures based off the sub-prime loans that were taken out ...
National Home Delinquencies are on the Rise!
The National Home Delinquency Figures are on the Rise We hear in the news that we may be at the end of the economic skid, but recent figures are showing that home mortgage delinquencies are continuing to increase. Since May of this year to August the total mortgage delinquencies have had a significant jump in overall numbers. A large jump in both delinquent mortgages and in actual foreclosures. Recent figures have shown a jump of 4.61% in just 4 months. This supports the overall statistics we see of an increase of future foreclosure figures based off the sub-prime loans that were taken out ...
White House to Expand Program to Stem Foreclosures
White House to Expand Program to Stem Foreclosures Published: Monday, 30 Nov 2009 | 8:18 AM ET The program has come under heavy criticism for failing to do enough to attack a tidal wave of foreclosures. Analysts said the foreclosure crisis is likely to persist well into next year as high unemployment pushes more people out of their homes. Rising foreclosures depress home prices and threaten the sustainability of the fledgling economic recovery. A report last week from the Mortgage Bankers Association found that 14 percent of homeowners with mortgages were either behind on payments or in foreclosure at the end ...
Bank of America suspends Acorn loans
Big trouble continues for ACORN. If you haven't heard, troubles started over a recent video catching employees of ACORN on video camera discussing questionable methods with two people posing as a prostitute and her pimp on ways to avoid taxes and how to purchase a brothel with ACORN grants from the government. Following the steps of the government suspending grants to ACORN while they look into this issue, the Wall Street Journal is reporting that Bank of America has suspended all financial relationships with ACORN. ACORN with over 400,000 members, receives much of their funding from the federal government to help low income families receive loans. ACORN is arguing ...
Foreclosure News
Making sense of HAFA Delays, well sort of!
Problems with stalled HAFA system loans continue on, but we may have solved at least a portion of the mystery, well sort of. At the D&R team (HomeStalkers) we have negotiated hundreds of Short Sales on behalf of our clients...
Read more of this articleHouse extends 1st time buyer credit
1st time house creditHouse passes bill to extend tax credit deadline The U.S. House of Representatives passed a stand-alone bill yesterday extending the closing deadline for the federal home buyer tax credit to Sept. 30, 2010....
Read more of this articleFreddie Mac reports 600% increase in Short Sales!
It didn’t take an official statement from Freddie Mac’s CEO to convince us at the HomeStalkers Group, — the agents helping distressed homeowners on a daily basis — that short sales have increased dramatically across the...
Read more of this articleNew California Program to help avoid foreclosures
California announces new program to help delinquent Home Owners California has just announced a new funding program to help home owners delinquent on their mortgages avoid foreclosure. The program will be administered by CALHFA....
Read more of this articleWhat is the HAFA news all about
HAFA (Home Affordable Foreclosure Alternative) is the new government program that went active several weeks ago. We will be hearing A LOT about this program in the near future. Following are just a few of the numbers to help...
Read more of this articleCalifornia mortgage assistance program extended
The California Mortgage protection program offered through California Association of Realtors (CAR) has been extended throught December 2010. I have a feeling that home owners are not aware CAR has an assistance program to help...
Read more of this articleWhite House to Expand Program to Stem Foreclosures
White House to Expand Program to Stem Foreclosures Published: Monday, 30 Nov 2009 | 8:18 AM ET The program has come under heavy criticism for failing to do enough to attack a tidal wave of foreclosures. Analysts said the foreclosure...
Read more of this articleDon’t Wash Your Money Down the Drain!
Now more than ever, it makes sense (and cents!) to protect your money. A thorough examination of your everyday expenditures will likely reveal areas where you can save some of your hard earned money. For example, did you know...
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October Market Stats. for Sacramento, El Dorado & Placer Counties
A Quick Peek at What’s Going On in our Market… October statistics showed another strong sales month in our Tri-County (Sacramento, Placer & El Dorado) market area for home sales. Lack of “For Sale” inventory...
Read more of this articleWhat direction is our real estate market headed
Where is our Sacramento market headed?Ok, so where the real estate market now and where is is it headed both nationally and more importantly here in the greater Sacramento, El Dorado, Placer county areas? This was the main topic...
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Real Estate Affiliations
