HARP 2.0

By
Real Estate Agent with Keller Williams Realty East Valley

I have to be honest, I'm not a fan of Loan Modifications and I'm hoping that if this program is a true refinance program and not a Loan Modification, that it actually works. I realize the information for this program is rolling out and not available until November 15th, but I still have my concerns...the success rate for loan mods right now is somewhere in the 3-5% range.

At any rate, Shaun Donovan, HUD Secretary, has a 4 minute YouTube video that has some pretty decent information and I thought I'd share it with you all...but I am curious, what are the opinions of the Realtors out there? What thoughts do you have about the programs, and please, don't make this policitcal...I'm just asking for thoughts on steps that should be taken for our clients and the rest of the homeowners out there that are overwhelmed with good and bad information.

 

Here's the link: http://www.youtube.com/watch?v=RVNzS8exIqw&feature=youtu.be

Posted by

Warm regards,

Heidi M Tourangeau

Cell: (480) 862-2597
Office: (480) 759-4300
Fax: (888) 900-1603

Keller Williams Realty Sonoran Living
4621 E Chandler Blvd., Ste 160
Phoenix, AZ 85048

                               

Comments (2)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Why do we think that a program that was a total failure would work this time around.

Nov 04, 2011 07:20 PM
Heidi Tourangeau
Keller Williams Realty East Valley - Tempe, AZ

I agree, the previous program didn't work, so they are rolling out a new one and more than likely, this one will not work either; as I said, 3-5% actually qualify. 

And, there is still more information coming, so we don't know all the in's and out's but maybe...just maybe...this could help out 13-15%. 

Our greatest asset is our ability to educate our clients and that's all I want to cover in this post...what suggestions for education do you have? Anyone doing just YouTube or Seminars? No matter the program, no matter it's success....education is our only way out of this, that is, in my opinion.

Nov 04, 2011 07:29 PM