San Jose Fire Station 12
5912 Cahalan Avenue, San Jose, CA 95123 Blossom Valley Homes
I received a call yesterday on my 800 business line. The caller, with panic and urgency in his voice said: "Are you guys open today!?"
Long, long story short - It was a homeowner in distress calling to get help with a letter he received from his lender threatening to foreclose on his home if he did not sign the loan modification agreement within 5 days. Day 5 is today - Sunday.
The Blossom Valley Homeowner has been making payments under a forbearance agreement for 14 months. Per the terms of the forbearance agreement the agreement technically expired in March 2010. In February 2011 the lender sends a modification agreement with a payment significantly higher than their original mortgage payment. The homeowers do not have the income to support the payment under the terms of the modification. What does "Making Home Affordable" mean to you?
I already had an appointment in Blossom Valley. I told the gentleman I would stop by his home to deliver a Third Party Authorization for his signature. We need seller's authorization to speak to a lender on behalf of a seller. This was after I spoke with him for 45 minutes on the phone ... gathering as much information as possible to determine if we had time to do a short sale.
I pass by Station 12 frequently. Yesterday as I drove by I had to circle back around to see if I actually saw what I thought I saw hanging on the pole. Yep, It appears Engine 12 has a new addition to the firefighting family. Probably not the best use of tax-paying dollars ... yet it has my vote. The new fire station looks great and our firefighters certainly deserve to spend their working hours in a nice home.
I digress .... Homeowners deserve to keep their homes. However the bare naked truth about loan modifications ... they are a joke. Loan modifications do not help homeowners stay in the home. In many cases the process forces homes into foreclosure. We do not yet know if Aurora Servicing (investors) will allow this Blossom Valley homeowner time to complete a short sale. We will certainly do everything we can to help. The conditions do not look favorable.
The panic in the callers voice was one of "E M E R G E N C Y"
I NEED HELP NOW!
Always use 9-1-1 to report an Emergency.
Always use 1-800-972-1822
if your lender is beating up on you and you don't know what to do.
Avoid foreclosure. Don't wait until it is too late. You can avoid an emergency situation by taking action early. Call Kathleen Daniels, your local San Jose Short Sale Specialist today. We are here to serve.
We do not provide 24x7 support like fire, police and hospitals. We do return calls promptly. We do work on weekends. We also take time to take care of ourselves so that we can take better care of you.
San Jose Engine 12 - What's Your Emergency?- by Kathleen Daniels, San Jose Real Estate Agent.
Kathleen Daniels, Broker-Owner of KD Realty, San Jose Short Sale Agent, Certified HAFA Specialist (CHS), Certified Distressed Property Expert (CDPE), Certified Short Sale Negotiator (CSSN), and REO Default Certified Professional (RDCPro), serving San Jose and surrounding San Jose Communities in Santa Clara County - Silicon Valley.
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