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foreclosure: Breaking News: CitiMortgage Launches New Home Save Program for Unemployed! - 03/03/09 04:26 PM
You Read it Correctly!
The mortgage giant CitiMortgage has launched a plan to proactively eliminate foreclosures. The name of this program is the Homeowner's Unemployment Save Program! In all, this program is designed to keep current homeowners who are facing foreclosure in their homes.
So what's the BIG deal about this program? Well, it's the first home save initiative of its kind designed to help delinquent homeowners who are currently unemployed! Despite all the negative media characterizing the surge in foreclosures to undisciplined, irresponsible, spontaneous home buyers who "bought more than they could afford," for once we have a program geared at addressing the … (0 comments)
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foreclosure: A Blessing Extends for Fannie Mae/Freddie Mac Borrowers - 11/21/08 07:40 AM
It's Certainly About Time!
Finally, someone has realized that our homeowners need help. For months we've witnessed huge bailouts for corporations in effort to boost the American economy. However, at the same time, millions (and note I said millions) of homeowners have lost their homes. Some even took the necessary steps and contacted their lenders in attempts to try to establish a work-out plan and get them back on track with their mortgage payments only to be turned away and/or discouraged. Who will help bailout our homeowners?
This is a questions I often ponder as I witness firsthand the surge … (0 comments)
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foreclosure: HELP! I’m Facing Foreclosure! - 11/28/07 11:28 AM
HELP! I'm Facing Foreclosure!By Jaclyn Erwin, ABR, RealtorCharlotte NC Real Estate
Today, more than ever, many families are faced with financial hardships beyond their control. From escalating gas prices, increasing grocery costs, to sky-rocketing healthcare expenses, managing the family budget to meet the basic needs has become the number one challenge with many households. Toss in a job loss, unexpected medical condition, or a significant increase in mortgage payment into the situation pool and you have a crisis!
The overall results of such conditions are horrific-with an enormous surge in homeowners facing the perils of foreclosure. Anyone who has been keeping up with … (11 comments)
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foreclosure: The Foreclosure Epidemic: Part I (Subprime Mortgage Companies Vanishing & The Foreclosure Correlation) - 03/14/07 10:04 AM
The Foreclosure Epidemic
Part I. Of A Mini-Series: Subprime Mortgage Companies Vanishing & The Foreclosure Correlationby Jaclyn Erwin, RealtorCharlotte NC Real Estate
Well, the news is out. Wall Street fell sharply yesterday, March 13th. Another Sub-Prime Mortgage company announced yesterday that it is closing down and has no money, and must relinquish its debt. The only option for this company: Bankruptcy. This company is not the first to make such an announcement, and certainly won't be the last. With the vast surge of foreclosures happening throughout the country, many mortgage companies are going out of business.
In fact, 36 mortgage companies/divisions (subprime & non-subprime) … (4 comments)
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foreclosure: Can You Spot Mortgage Fraud When It Occurs? - 01/20/07 10:19 AM
Can You Spot Mortgage Fraud When It Occurs?
By: Jaclyn Erwin, ABR, Realtor
Charlotte, NC Real Estate
What's the Number One white-collar crime in the country? Mortgage Fraud
To respond to this, the FBI is cracking down---implementing practices to unravel those who participate and slapping them with whopping imprisonment sentences and fines.
You can become a victim and not know it!
For consumers, it can be extremely difficult to recognize such fraudulent acts if you are not familiar with the real estate and mortgage industry. This is a great example why it is a great idea to have a Realtor to represent you. Think you might … (6 comments)
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foreclosure: Are You In Danger of Foreclosure? Facts Regarding Foreclosure... - 01/09/07 05:21 PM
Are You In Danger of Foreclosure?
By: Jaclyn Erwin, ABR, Realtor
Charlotte, NC Real Estate
With today's sky-rocketing foreclosure rates, many homeowners are missing out on opportunities that can save them, their credit, and possibly their home. . .
Homeowners, Learn the "Key" Facts Regarding Foreclosures:
FACT 1:
Many homeowners encountering financial distress and facing foreclosure procrastinate until the threat of losing their home reaches epic proportions. In order to save your home, you must Act quickly. Avoiding the situation is Not wise. My suggestion would be to contact a Realtor to assist you. Those that specialize in Pre-foreclosures can provide valuable assistance. Often times, they can do so at No cost … (1 comments)
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foreclosure: North Carolina Market Update: Foreclosure Status - 01/07/07 08:43 PM
North Carolina Market Update: Foreclosure Status
By: Jaclyn Erwin, ABR, Realtor
Charlotte, NC Real Estate
Folks, the numbers are out. Foreclosure rates are at an All-Time High throughout the country. Unfortunately, North Carolina is not immune to these conditions. In fact, the foreclosure rate within North Carolina has significantly increased, earning NC. the 26th highest state in foreclosures. The RealtyTrac report reflected that 120,334 properties nationwide entered some stage of foreclosure during the month of November. The leading counties in and around the Charlotte, NC. area consist of:
MecklenburgCabarrusIredellGaston Mecklenburg county, leads the pack with well over 7, 100 foreclosures in 2006. With 365 days in the … (3 comments)
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foreclosure: Foreclosure Rate Soars: Realtors Can Help! - 01/05/07 02:28 PM
Every week, I learn of another family who is in grave danger of losing their homes to the perils of foreclosure. For many reasons, homeowners are falling victim to foreclosure. Nationwide. Sadly, the foreclosure rates are at an all time high across the country. No state is immuned.
Just a few years ago, the country was boasting an enormous surge in new homeownership, representative of both young and old--All cultures---filled with diversity. Finally, it looked as if society had finally realized how to capture a piece of the "American Dream." However, much to our dismay, times have changed and as a result We (Yes, … (8 comments)
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Jaclyn Erwin, ABR, SFR, REALTOR® / BROKER
Charlotte,
NC
More about me…
Jackson Erwin Realty, Inc.
Address: 13850 Ballantyne Corporate Place, Suite 500, Charlotte, NC, 28277
Office Phone: (980) 939-6057
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