NAR providing grand money for Foreclosure Prevention and Response

By
Real Estate Broker/Owner with Action Investments and Hawaii Pacific Realty BRE Lic# 01481898

Foreclosure Prevention and Response Program

As a part of its Right Tools, Right Now program, on March 1, 2009, NAR introduces the Foreclosure Prevention and Response (FPR) Program to aid REALTORS®, their clients, and the nation's communities in facing the challenges of the current market. Through this program NAR is providing grants to help state and local REALTOR® associations develop coordinated plans of action to prevent foreclosures and respond to their adverse affects. 

In addition to these grants, the program will also provide an online toolkit, filled with information about: educational opportunities and resources, government and private grant programs, community outreach programs, and best practices related to foreclosure prevention and response.

 FPR Program Grants

These grants may be used to fund virtually any new activity chosen to address the foreclosure crisis. They may be used by state and local associations to:

  •  provide REALTORS® with short sales and foreclosure training opportunities;
  •  enlist the help of professionals in designing action plans to address the challenges of foreclosures;
  • engage grantwriting support to apply for government or private funding; or,
  • obtain the services of communications strategists.

 For a list of suggested programs and resources, you can visit the online toolkit described below. However, associations need not be limited by the suggested resources and options listed there.

Who is Eligible:  State and local associations of any size are invited to apply. However, we ask that state and local plans be carefully coordinated to ensure they provide the most effective impact. Local associations will have to show evidence that the state association has signed off on their proposals.

Posted by

Jason Hector, Real Estate Broker, CA Dept of Real Estate Lic. #01481898
(818) 357-9658 Cell
(866) 791-3290 Fax
jhector@socal.rr.com
www.jasonhector.com
Broker--Action Investments
11630 Seminole Circle
Northridge, CA 91326
(800)-626-6469 Phone
(866)-791-3290 Fax

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Rainmaker
1,571,116
David Saks
(retired) - Memphis, TN

Sensitivity training should also be offered to real estate professionals since we have to think like sociologists, or family counselors, with clients that are facing the worst defaults and foreclosure.

Jan 24, 2010 08:09 PM #1
Rainmaker
1,256,396
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

A local weekly has been posting Realtor real estate foreclosures over the last 2 years.  The latest is a local Realtor/mortgage broker who bought real estate WITH clients.  

The wife contacted me 3 years ago about taking over the management as they had too many vacancies and he said NO * I suspect some deposit money might have been missing at that point. When I drove by a few properties, they were in disrepair from the exterior and looked like rental homes.

Realtors who over-extended during the BOOM DAYS of real estate are in financial difficulties now which is very unfortunate!

Jan 24, 2010 08:45 PM #2
Rainmaker
5,779,731
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Interesting information. Thanks for sharing. Best wishes for continued success in 2010 and beyond!

Jan 24, 2010 10:08 PM #3
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Rainer
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Jason Ian Hector

Real Estate Broker in California and Hawaii
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