Four senators are putting their muscle behind a new housing bill intended to prohibit lenders operating in the U.S. from foreclosing on home owners without first having discussed reasonable modification options with the borrowers. The bill, called the Preserving Homes and Communities Act is being sponsored by Rhode Island Senator Jack Reed, Illinois Senator Dick Durbin, Jeff Merkley of Oregon and Sheldon Whitehouse of Rhode Island. Under this bill, lenders will be forced … (2 comments)
foreclosure: Consumers Reponsible When Lenders Put out a Bad Product at the Wrong Time - hmmmm?
- 07/09/09 05:18 AM
I try not to put out negative stuff, but I tell ya, it is starting to get to me. I generally don't even read the papers because of the negative news. Unfortunatly, I did read the papers this am and came across these disturbing articles. Foreclosure Backlog in the O.C. Grows: Loan Servicers Prefer Big Losses rather then forgiveness Now I understand the banks are in this business to make money and these articles may not surprise you, but something is morally wrong here. Maybe I live in fantasy world where I hope the organizations that I go into business with i.e. … (7 comments)
foreclosure: Life lessons of a financial crises for singles, the shedding has begun!
- 05/14/09 04:22 AM
I am going to take this blog down a personal road that I believe is effecting many singles out there in this tough economy. I hear it day after day, that they are not only losing their homes, livelihood but as well their relationships. Hopefully most are blessed with a strong support structure and surrounded by people who build them up with. This market is tough for everybody; imagine going it alone! This transition we are all encountering is truly teaching us a life lesson and it is not about finances. The shedding has begun, those who believe in you will … (1 comments)
foreclosure: A Home Died Today - Are lenders stepping up or back?
- 04/22/09 06:09 AM
Ok, I will start out with full disclosure. I am frustrated to no ends with Ocwen, I am working with for a client on a short sale. Unfortunatly, the lender decided to go to Auction/Sale on this short sale with 1 good offer in hand and 3 strong ones behind it. Makes no sense to me, much less my client! I get sometimes that hard decisions need to be made. But what I don't get is when stupid (yes, I said stupid) decisions are made due to a lack of interest or that it can't be fit into a process. Maybe that is … (8 comments)
Kelly Turbeville is one of South Orange County premier Real Estate Advisors focusing in the Saddleback Valley and the communities of Lake Forest, Portola Hills, and Foothill Ranch. Whether she’s helping a first time buyer accomplish the goal of homeownership, or coaching a homeowner on venturing into real estate investments or helping a client review their mortgage options, Kelly is committed to … (1 comments)
Should you like any information on the above properties or to schedule a showing please do not hesitate to click here. Open House: 19151 Red Bluff, Portola Hills - Sunday 8/5 - 1-4pm. This home has been completely remodeled and if you are considering remodeling or looking to stay in the area but would like an updated home then you'll want to check this home out. Deciphering the difference between Delinquencies vs. Notice of Defaults vs. Foreclosures: Delinquencies cover any missed payment - even if it is just one month, it gets reported as a delinquency. Fact: The delinquency rate on sub-prime … (0 comments)
We can help you sell or list your home anywhere in South Orange County, California! We have successfully helped clients find homes in the communities of Portola Hills, Foothill Ranch, Lake Forest, Laguna Hills, Rancho Santa Maragarita, Aliso Viejo, Tustin, Irvine, Mission Viejo, Trabuco Canyon, Tustin and Coto De Caza. As well, we have an extensive network of referral agents around the country and internationally.
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Maybe a little hope on the horizon. Thanks Claudette. Now if they can get it through quick enough so the masses in trouble don't loose their homes.
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