foreclosure: Help for Homeowners Facing Foreclosure
- 05/13/11 04:01 AM
http://www.michiganhomerescue.com/home So many homeowners still face the prospect of foreclosure; it's truly heartbreaking when a person or a family loses a home due to circumstances beyond their control. Foreclosure impacts so many areas of life: finances, credit, emotions, and stability are just some of the major areas of impact. If you know of someone facing the possibility of foreclosure, won't you send them to this informational website? It offers information about foreclosure and possible ways around it. Help is just a phone call or email away. For more information about the foreclosure process, and your options to avoid foreclosure, … (0 comments)
foreclosure: The Michigan Home Rescue Team Makes the News
- 07/05/10 11:08 AM
http://www.morningstarpublishing.com/articles/2010/07/05/grand_traverse_insider/life/doc4c32462a7e4e0010829513.txt By KRISTINE MORRIS Contributing Writer Local realtors offer new website for distressed homeowners NORTHERN MICHIGAN - Local realtors Chuck Gollay and Christine Stalsonburg have created a new website for distressed homeowners who are looking for ways to avoid foreclosure. “We developed MichiganHomeRescue.com to help people see the options that are out there for them,” said Stalsonburg. “It’s heartbreaking to see people on the verge of losing something they’ve worked all their lives for, and though we can’t help everybody, we can help some. “ Many families in our area are facing difficult times with strained economic conditions. If you are … (0 comments)
foreclosure: Loan Modification is Available, But It's Not for Everybody
- 06/25/10 02:29 AM
www.msnbc.msn.com/id/37827936/ns/business-real_estate/ According to the Associated Press, a growing number of homeowners who sought help from the Obama administration's main mortgage aid program are in danger of losing their homes. About 436,000 borrowers have dropped out of the $75 billion plan as of last month, the Treasury Department said Monday. That's nearly 35% of the 1.24 million borrowers who enrolled in the Home Affordable Modification Program (HAMP) since March, 2009. Those who have dropped out exceed the number of borrowers who are being helped, and the drop out rate appears to be increasing. See the link above for the whole article. … (4 comments)
Think foreclosure is your only option? .......Think again. www.MichiganHomeRescue.com was developed to assist distressed homeowners throughout the state of Michigan. It's an informational site that provides consumers with important details about the foreclosure process, and some ways to avoid it. We are developing a network of local professionals to offer counsel on legal matters, tax and financial matters, credit counseling, loan modifications, and even social services. The Michigan Home Rescue Team strongly believes that foreclosure is an avoidable option. We are attempting to reach distressed homeowners BEFORE their situations spiral out of control. Ideally, all homeowners would be able … (0 comments)
foreclosure: Intoducing the Michigan Home Rescue Team!
- 05/29/10 04:26 AM
Please allow us to introduce ourselves. We are the Michigan Home Rescue Team, Chuck Gollay and Christine Stalsonburg , licensed Realtors with Exit Realty Paramount. We are both accredited Short Sale and Foreclosure Resource professionals with the training, education, and experience to assist troubled homeowners. Too many homeowners with serious financial situations feel like they have no options other than foreclosure. There are options that can help them avert the devastating and long-lasting effects of a foreclosure. The best option for many is a short sale - a negotiated settlement with the lender involved to accept an amount short of the … (2 comments)
foreclosure: Top 6 Things to Consider When Buying a Bank-Owned Property
- 05/19/10 03:08 AM
Many buyers have been looking at bank-owned properties as an affordable way to realize the American Dream of homeownership. Asking prices on bank-owned properties are generally substantially lower than market value to bring about a quick sale. There are some incredible values available; conversely, there are a lot of less-than-stellar values, too. As I say to many of my buyer clients, one has to sort through a lot of chaff to get to the wheat. Or, you have to sift through a lot of muck to find the golden nugget. Here are 6 things to consider before you make an offer on … (4 comments)
foreclosure: New Streamlined Modification Initiative for Defaulting Homeowners
- 11/12/08 02:35 AM
The following text is a summary of a statement issued on 11/11/08 by the FHF Director, James B. Lockhart. "The Federal Housing Finance Agency (FHFA), which regulates Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLB), strongly supports a new initiative that assists "at risk" borrowers who could lose their homes to foreclosure. This initiative is creating a streamlined, simplified loan modification program to get struggling homeowners into mortgages that they can afford. This streamlined modification program, with uniform eligibility requirements, will be supported by a consistent, efficianet process approved by key industry participants. This program resulted from a unified … (2 comments)
foreclosure: Let's Look for the Silver Lining, and Quit Talking About the Dark Clouds
- 10/23/08 05:00 AM
There is so much negativity about the real estate market, locally, regionally, and nationally. Yes, it is true that home values have dropped markedly. Yes, it's also true that many, many homeowners face the threat of foreclosure. It clearly isn't the best of times we have ever seen. But it's also true that the real estate market is cyclical, that home prices had inflated beyond all logic and reason, and that this situation is an inevitable correction in the market. Yes, there are many problems, and it is not my intention to dismiss those problems, or make light of them. But … (1 comments)
foreclosure: Help Keep Owners in Their Homes if at all Possible
- 10/06/08 12:23 PM
It's my belief that the very best outcome would be to keep homeowners in their homes, whether that's through loan modifications, short refinance, or some other workout plan. But many of these homeowners are facing chronic, long term hardships that make modifications virtually impossible. If homeowners in arrears can demonstrate that the hardship they are facing is acute, and of a limited duration, then (in my opinion) we as realtors have a certain obligation to assist homeowners with the task of staying in their homes. Short sales should be a last resort. I know that lenders and loan servicers are working … (0 comments)
foreclosure: Short Sales to Aid the Homeowner in Default
- 06/16/08 08:12 AM
My last blog dealt with the issue of foreclosures, and I expounded on my professional opinion that foreclosure is an avoidable option. I wrote primarily about working out issues with the lender or loan servicer. Fortunately, if you have the means and desire to stay in your home, your lender will work very hard to accomodate you. The downside to all this, however, is that many current homeowners do NOT have the means to stay in their homes. What types of situations prevent a homeowner from staying in his/her home? An unexpected and long term drop in income, death of a spouse, … (1 comments)
foreclosure: FORECLOSURE IS AN AVOIDABLE OPTION
- 06/12/08 02:33 PM
It's no secret that millions of homeowners across the country are facing the possible loss of their homes. We read headlines every day decrying the woes of the housing industry. Well, people, I have to say this: this is not a housing crisis, it's a human crisis. These are real people who are being displaced from their homes. These are real families who face the prospect of losing the largest asset in their lives, along with their credit, and their self esteem. The lending industry in large part created this mess, and now they are facing the financial burdens of this … (5 comments)
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