Obama Enacts New Plans For Increased Mortgage Relief

On Wednesday, President Obama released details of a new housing proposal aimed at helping millions of homeowners lower their monthly mortgage payments.  The new $5 billion to $10 billion dollar plan will enact a streamlined refinancing program for homeowners who are current on their payments.  The new housing plan also calls for easier access to simple mortgage disclosure forms as well as homeowner protection from wrongful foreclosure.

The new plan, which must still be approved by congress, would also administer simpler refinancing plan for homeowners whose mortgages are owned by banks or possessed by investors.  To be eligible, however, homeowners must be up to date on their payments for the past six months and hold a credit score of 580 or higher.  The program will not be applicable to jumbo loans nor loans greater than the Federal Housing Administration’s loan limits.

House Speaker John A. Boehner is among those who feel that the plan, like many other Obama relief plans, will ultimately fail.  Regardless, the plan isn’t close to a cure all for the housing market nor will it save every underwater homeowner.  Like other proposals, some relief will be found for those in mild debt, but there is still no answer for those who are completely upside down on their mortgage payments.  The solution for underwater homeowners is still the same: Inquire about a short sale.  Short sales occur when a homeowner sells the property for less then when he owes.  Homeowners must get the bank’s consent before the sale, as well as word that they will forgive the deficiency on the sale.  Short sales are a great option because there’s less paperwork, less hassle, and nobody needs to declare bankruptcy or take the time and energy to foreclose.  For more information on short sales, contact Housing Assist of America today

Housing Market Resurgence in 2012?

Though in 2011 there were certain times when experts felt the housing market was heading for a resurgence, the flight never actually occurred.  Housing experts are extremely excited about 2012 though, some going as far as saying the housing crisis might come to an end.

Experts agree that low prices and interest rates will be met by lowering numbers of unemployment and easier access to financing, which will make the market surge.  Also, the delayed release of foreclosed properties could impel buyers into activity.  Values are seemingly holding up like they haven’t in quite some time, and though we’ve seen this before, this time, it might be for real.

Though 2012 might be the beginning of the end of the down housing market, not every homeowner will be affected.  Some will still have to deal with debt and threat of foreclosure.  If foreclosure is looming and you are looking for ways to prevent it, contact Housing Assist of America today.

Housing Market On The Mend: How To Take Advantage

Economists and experts tend to agree that the housing market crisis might be coming to an end.  Though it might take some time for the wounds to heal and the market to make a complete turn around, these early signs of change are certainly noteworthy and exciting.  So how can you take advantage of a rising market?  Well, it seems as though apartment buildings, and not small homes will remain at the boom of the market’s rise.  Buyers are becoming renters and the landlords are reaping the rewards.  If you have the assets, be a landlord and take advantage!

In the stock market, the housing market turnaround is causing a stir as well.  Financiers are realizing that buying the big banks could make for double digit returns.  Low share prices and the hopes that employment will rise mean the values of shares in bigger bank will increase.  So stock up before the shares rise and thank me later.

Housing Market On The Mend: How To Take Advantage

Economists and experts tend to agree that the housing market crisis might be coming to an end.  Though it might take some time for the wounds to heal and the market to make a complete turn around, these early signs of change are certainly noteworthy and exciting.  So how can you take advantage of a rising market?  Well, it seems as though apartment buildings, and not small homes will remain at the boom of the market’s rise.  Buyers are becoming renters and the landlords are reaping the rewards.  If you have the assets, be a landlord and take advantage!

In the stock market, the housing market turnaround is causing a stir as well.  Financiers are realizing that buying the big banks could make for double digit returns.  Low share prices and the hopes that employment will rise mean the values of shares in bigger bank will increase.  So stock up before the shares rise and thank me later.

Number of Sherman Oaks Short Sales and Foreclosures Soar in 2011

In 2011, short sale and foreclosure numbers, indicators of an unhealthy housing market increased by a gigantic margin.  From last year, in the Sherman Oaks area, the number of short sales increased by more than 150%.  The number of Sherman Oaks foreclosures has increased by more than 33% since last year.  These numbers indicate that Sherman Oaks homeowners are struggling (or were struggling) with their monthly mortgage payments, and either did something about it by conducting a short sale, or lost their homes to foreclosure.

At the same time, the number of forecloses homes purchased has risen, meaning potential buyers are looking to save an extra buck by purchasing these homes that banks are selling at reasonable prices.  In turn, the resale value of homes that are not bank owned, are losing value because buyers prefer the discount of bank owned homes.

If you are one of the thousands of people who can’t afford their monthly mortgage, and foreclosure is looming, do yourself a favor and contact Housing Assist of America today, for information on the short sale process and preventing foreclosure.

Foreclosure Numbers Set To Increase Further

The number of foreclosure across the country has slowed of late, but the real estate market will soon be hit by a slew of foreclosures.  Banks are currently submitting months of backlogged non payments, and millions of documents and court papers are now being filed which will result in forthcoming bank action and foreclosure. 

Foreclosure activity slowed of late due in part to a shifted focus on the robo-signing scandal, but banks now seem more ready than ever to collect on what they’re owed.  With the number of foreclosures set to rise, home value will most likely decrease again as the neighborhood value is sure to decline with more and more vacant houses. 

Before they come knocking on your door for what they’re owed, consider a short sale of your house.  For more information on how to stop foreclosure, contact Housing Assist of America today.  They’ve helped hundreds of people to prevent foreclosure on their homes.

Foreclosure Can’t Kill Christmas Spirit

Every year around the holidays, Orange County residents make sure to stop by Jim Jordan’s home, a modest house in Costa Mesa, California.  For forty years, Jordan has been converting his house into a Christmas wonderland every December, and tens of thousands of people have show their appreciation in admiration of Jordan’s holiday cheer. 

Jordan claims that he’d have 80,000 visitors every December, all wanting to catch a glimpse of his giant Santa and nearly 200 foot stretch of Christmas characters.  But earlier this year, Jordan’s house was lost to foreclosure, and the Costa Mesa tradition seemed to be lost forever.

Costa Mesa city officials, however, offered to host Jordan’s display outside the City Hall.  They have even offered to include Santa’s village and a holly jolly St. Nick himself.  Costa Mesa residents, and Jordan himself, are thrilled the tradition remains alive.  Though foreclosure took his home, it couldn’t take Jordan’s holiday spirit. 

Lynwood Short Sales: Preventing Foreclosure in Lynwood

Lynwood residents, like many other homeowners across the country, are struggling to pay their high mortgage prices.  Bankers are calling every day and foreclosure is on the horizon.  If you’re facing foreclosure right now, you’re not the first, and you won’t be the last.  Housing Assist of America, however, is here to help.

How can Housing Assist help me?  Well, Housing Assist specializes in conducting short sales.  In a short sale, a lender or bank will accept less than what’s owed on the property, leaving you free and clear of your mortgage payments.  These transactions are ideal for lenders because it’s easier for them to cut their losses and avoid the difficulties of the foreclosure process than to try to collect from a homeowner who doesn’t have what’s owed.  More and more short sale transactions are occurring, as homeowners are trying to climb out of debt.

If you owe more on your Lynwood property than what it’s worth, contact Housing Assist of America for further information on the short sale process.  Housing Assist of America has helped more than two hundred homeowners conduct a short sale of their home, and they can certainly help you if you are trying to alleviate yourself of the pressures of debt.

San Gabriel: Foreclosure looming? Consider A Short Sale!

Sure, the real estate market is a mess right now, and many San Gabriel
and San Marino homeowners have been forced into foreclosure. But even
if the banks are constantly calling, you shouldn’t think that is your
only option; there’s a better solution out there: short sale.

A short sale provides a win-win situation for both the lender and the
borrower. The borrower avoids a bad credit reputation and losing his
San Gabriel or San Marino house, while lenders forego the financial
and physical troubles of implementing foreclosure. Though the lender
might have to take a small loss, everybody saves time, money and
stress.

Short sales are the best option in these hard economic times. Before
you lose your San Gabriel or San Marino properties, you should inquire
further about short sales. For more information and help, contact
Housing Assist of America, where we have helped many residents of San
Gabriel and San Marino stop foreclosure on their homes. We’ll walk
you through the short sale process and simplify it for you. What do
you have to lose? Instead of ruining your credit and having to shop
around for a new home, allow Housing Assist of America to help.

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San Marino: Foreclosure looming? Consider A Short Sale!

Sure, the real estate market is a mess right now, and many San Gabriel
and San Marino homeowners have been forced into foreclosure. But even
if the banks are constantly calling, you shouldn’t think that is your
only option; there’s a better solution out there: short sale.

A short sale provides a win-win situation for both the lender and the
borrower. The borrower avoids a bad credit reputation and losing his
San Gabriel or San Marino house, while lenders forego the financial
and physical troubles of implementing foreclosure. Though the lender
might have to take a small loss, everybody saves time, money and
stress.

Short sales are the best option in these hard economic times. Before
you lose your San Gabriel or San Marino properties, you should inquire
further about short sales. For more information and help, contact
Housing Assist of America, where we have helped many residents of San
Gabriel and San Marino stop foreclosure on their homes. We’ll walk
you through the short sale process and simplify it for you. What do
you have to lose? Instead of ruining your credit and having to shop
around for a new home, allow Housing Assist of America to help.

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