foreclosure: Why you Can't Refinance? Lenders Continue to Tighten Loan Terms. - 12/14/09 12:02 AM
 
 In further reference to the mortgage lending, loan modifications and the foreclosure crisis you might want to look at this article in the New York Times by David Streitfeld. It is a good summary of the problem and the implications of the  affects that this is having on the overall economy. You may want to read the hundreds of comments from "main street" Americans who are trying to do their best to navigate in a economic world that is "NOT" very user friendly. http://tinyurl.com/y9f8p44
Pray for Plan B from the congress!
 
                                                                Kathleen Bonham                             
                                              Specializing in Vintage and … (0 comments)

foreclosure: A REAL FAMILY STRUGGLES FOR LOAN MODIFICATION - 12/11/09 12:57 AM
 Earlier this month I wrote an aticle and asked if anyone was a aware of a successful loan modification.
Our local paper, The Press Democrat devoted the the front page of the Business section to a story titled "Trying to Modify" which describes the struggles a local family is going through to obtain a loan modification. The hurdles that they have encountered would depress anyone and I am sure that there are stories like this all over the country.
These are some of the hurdles they have encountered.
1. Submitting paperwork numerous times without any response from the bank.
2, Borrowers … (2 comments)

foreclosure: FORECLOSURES: SHAMING BANKS NOT ENOUGH- THEY HAVE NO SHAME. - 12/01/09 04:14 AM
 I wrote about loan modifications not too long ago to get feed back from my fellow agents to see if they are aware of any clients, friends etc, who have reported successful loan modifications. Like me, they were disappointed with the results in achieving any REAL relief for homeowners who have been caught in this economic quagmire that we are in.
 I am posting a link http://tinyurl.com/ygyh7ms by Alan Zibel. on a follow up article that I read today regarding the foreclosure-prevention effort
We have seen an inordinate amount of money and protection toward the banks and wall street at the expense of tax-payers (you … (5 comments)

foreclosure: Two Markets: Conforming and Jumbo - 10/06/09 09:33 AM
TWO MARKETS: CONFORMING AND JUMBO
  What is difficult for the average buyer and seller today, and for agents as well, are the mixed messages and information that is being relayed between neighbors, the news media and the internet.
The entry level market here in Sonoma County ($250,000 - $417,000 price range) is fast and furious. Properties are being 'bid-up' and buyers are usually competing with 3 to 5 other buyers. This is so confusing because many people think this is a buyers market. Competition is especially brisk for houses in long, established neighborhoods that are in good condition. For example, yesterday … (0 comments)

foreclosure: OBAMA ANTI-FORECLOSURE PLAN - PRO & CON - 03/15/09 01:37 PM
 
The administration's plan for stemming the tide of foreclosures that has been drowning the housing market and threatening the entire economy has several elements. But its focus is on loan modification for homeowners who are under extreme financial stress or hold underwater mortgages. In essence, it provides a framework of rules and incentives to; (1) encourage lenders and servicers to reduce the monthly mortgage payments of homeowners whose mortgage debt is too high as a proportion of monthly income or whose mortgages are "under-water;" and (2) and make refinancing available to homeowners whose loan - to - value is less … (0 comments)

 
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kathleen bonham

Santa Rosa, CA

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FHAllen, Sonoma Country and Vintage

Address: 120 Pleasant Hill Avenue,N.,Suite 200, Sebastopol, ca, 95472

Office: (707) 824-5400

Mobile: (707) 326-0400

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I write about Vintage homes in the Historic District neighborhoods of Santa Rosa, Healdsburg, Petaluma,and Sebastopol.


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