karen pierce cooper: Down Payment Assistance for Texas Home Buyers
- 07/14/15 06:21 AM
Texas continually hits “Top Lists” because of the booming economy, job and housing markets. The Greater Austin area is definitely seeing this growth with the tech jobs coming in, Houston and Dallas areas experienced big boom with the oil and gas industry. There comes a point when these migrating workers decide they are going to hang around a while, and are ready to give up the renter’s lifestyle and put down some roots, especially with the pace of increasing rents. There are many affordable home options in the Greater Austin Area, taking away the incentive to continue paying $1,500-$2,000 per month in … (0 comments)
karen pierce cooper: Really? Door-to-Door Purchase?
- 04/22/13 07:04 AM
There have been many instances of door-to-door sales in the Rogue Valley, the stories which I've heard are usually relayed with regret associated with the experience. “Just say no” is not always the easiest thing for some people to do. Homeowners have experienced home repair and remodel sellers who come along with some pretty hard-core tactics, intimidating the homeowner into agreeing to a purchase without checking in to the reliability or validity of the product/service/supplier. I spoke with someone who told me after 3 ½ hours of a salesman in her living room she signed a contract for siding replacement – … (4 comments)
karen pierce cooper: The Check's in the Mail| Independent Foreclosure Review Check That Is
- 04/19/13 07:24 AM
The process for handling homeowners who experienced wrongful foreclosure and deficient mortgage servicing practices - i.e. Robosigning, foreclosure going through on a mortgage that was not in default, foreclsoure for servicepersons protected by poor handing of loss mitigation requests, etc. - changed a LOT with 13 major servicers. It went from requiring application and review by potentially 3.8 million homeowners seeking restitution for there practices, to 13 named servicers self-directing the restitution and reaching out to 4.2 million homeowners. Homeowners are receiving anywhere from $300 to $125,000 with the vast majority in the lower ranges. I know of someone who recently … (2 comments)
karen pierce cooper: What’s Happening With Foreclosures in Southern Oregon? (Part 2 of 2)
- 04/15/13 09:00 AM
Word came through that the bill proposed to address the issues with our Foreclosure Avoidance Mediation Program – SB 558 - came out of committee and has gone to the Senate for a vote with some proposed changes. Hoping against hope this bill is voted on and passed by both Senate and House Representatives. A lot of hard work and effort have gone into this proposed bill, and huge kudos go out to Sybil Hebb, Kelly Harpster and Angela Martin who all were extremely important in moving this bill forward, working tirelessly toward finding resolutions Oregon homeowners and lenders all need. … (1 comments)
karen pierce cooper: Settlement of $8.5+ Billion For Unsafe|Unsound Foreclosure|Servicing
- 01/07/13 04:08 AM
Looks like 2013 is starting off with a concept many of us are familiar with – the only constant in life is change! And many times CHANGE is GOOD. The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency announced today they have reached a settlement with ten of the servicers that were part of the Independent Foreclosure Review: · Aurora · Bank of America · Citibank · JP Morgan Chase · MetLife Bank · PNC Sovereign · SunTrust · U.S. Bank · Wells Fargo They are still working out settlements with … (0 comments)
karen pierce cooper: Good News For Homeowners Facing Mortgage Debt Cancellation
- 01/02/13 07:02 AM
Happy New Year! I was happy to start off my 2013 with the news that the Mortgage Forgiveness Debt Relief Act was extended a year with the passing of the American Taxpayer Relief Act of 2012. Bet the Realtors on this site are, too! Housing Counselors sort through many options with homeowners facing financial hardship that have them seeking foreclosure alternatives. Many of those options could potentially lead to the possibility of tax consequences - i.e. principal forgiveness under the National Mortgage Settlement program's modification or refinance programs, in addition to a short sale, deed-in-lieu of foreclosure or foreclosure. Good news … (2 comments)
karen pierce cooper: HUD Certified Housing Counseling for Southern Oregon Homeowners
- 12/31/12 05:54 AM
There is FREE help for homeowners facing foreclosure in Jackson and Josephine County! Most Southern Oregonians know ACCESS for the safety net services provided to area residents needing them. The high demand food and energy assistance programs have been helping seniors and low income individuals and families bridge income gaps since 1976, and are just two of the many services ACCESS provides to Southern Oregon. The Southern Oregon Housing Resource Center at ACCESS became the HUD certified housing counseling agency providing home buyer education, administering down payment assistance and assisting first time home buyers in 1991. Since the decline of the … (0 comments)
karen pierce cooper: National Mortgage Settlement Deadline Approaching January 18, 2013
- 12/31/12 03:25 AM
Do you or someone you know believe you have suffered a wrongful foreclosure that led to losing your home between January 1, 2008 and December 31, 2011? Forty-Nine State Attorneys General and the Federal government recognized the prevalence of this dilemma when they came together and negotiated the National Mortgage Settlement. Heard of “robo-signing”? Were there inexplicable fees racked up on your final bill at the end of the foreclosure? Was “MERS” – the Mortgage Electronic Registration System – the entity that instituted your foreclosure? Payments will be given to borrowers who lost their homes to foreclosure, with the minimum … (2 comments)
karen pierce cooper: Going…Going…HURRY! Independent Foreclosure Review Deadline 12/31/2012
- 12/31/12 03:03 AM
Procrastinators, ATTENTION! Today is the deadline for filing a request for the Independent Foreclosure Review if you suffered what you believe was a wrongful foreclosure. If you, or someone you know, were anywhere in the foreclosure process anytime between January 1, 2009 and December 31, 2010, and believe you were financial damaged, your claim with supporting documentation has to be submitted by today. This review is separate from the National Mortgage Settlement - you may be eligible to apply for both. The review is being handled by independent reviewers, and it may take several months for you to receive a response. … (0 comments)
karen pierce cooper: Power Pay Your Way Out of Debt
- 06/26/12 07:35 AM
Many of us know about debt. Some of us know we have too much debt. There are always those that want to shake their index finger at us and tell us all the bad things about debt, but this post isn’t about judgment. So many families have faced unemployment, divorce, death, medical and many other hardships outside their control where judgment doesn’t apply – encouragement does. Any power pay program has to start with a budget containing a thorough, accurate depiction of your household’s income and expenses. These should be updated any time there is a substantial change – monthly … (11 comments)
Loving the challenge of a career in mortgage|real estate since 1983, keeping up with the progression of changes in this industry keeps one on their toes. What doesn't kill us makes us stronger, right? Here's to a few more decades of strength building!
Texas continually hits “Top Lists” because of the booming economy, job and housing markets. The Greater Austin area is definitely seeing this growth with the tech jobs coming in, Houston and Dallas areas experienced big boom with the oil and gas industry. There comes a point when these migrating workers decide they are going to hang around a while, and are ready to give up the renter’s lifestyle and put down some roots, especially with the pace of increasing rents. There are many affordable home options in the Greater Austin Area, taking away the incentive to continue paying $1,500-$2,000 per month in … (0 comments)
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