Wednesday, September 1, 2010

Friday, August 27, 2010

Obama Steps Up on Foreclosures, Next Step is to Make Sure Families Reap the Benefits

Officials from Treasury and HUD announced significant changes to their signature prevention program, the Home Affordable Modification Program (HAMP), that have the potential to prevent foreclosures. This is welcome news to the millions of homeowners desperately trying to keep their home off the auction block. The next step for the administration will be to ensure qualified families can actually access the program.

 While overdue, the program updates include many of the changes the National Council of La Raza (NCLR) and other housing advocates have been asking for. The administration is rightly encouraging principal write downs and making the HAMP program accessible to families with a mortgage insured by FHA. Perhaps most important, the administration is clarifying that no one should end up in foreclosure before finding out if they could qualify for a loan modification. This is a good faith effort to respond to the specific concerns raised by NCLR, our partners, and leaders in communities across the country working to save homes from foreclosure.

 The administration must seal the deal with homeowners in distress and ensure that they are actually able to receive help. Take the case of Ms. Baxter. She has been working with Montebello Community Development Corporation in Los Angeles, California since December. In that time, they have sent the documentation necessary to apply for a loan modification five times. In February she was denied, though the servicer could not explain why. In March, a different contact told her they were "working on it." She has played by the rules, diligently following up with her servicer, but there seems to be no end in sight. 

 NCLR Homeownership Network (NHN) counselors report that servicers are still losing paperwork, taking months to get back to clients, and often lack the training they need to accurately answer questions of struggling families. The changes announced today are a step in the right direction, but it is not clear that they help homeowners like Ms. Baxter and the thousands we serve through the NHN facing the same roadblocks. In addition, while there is a ray of light for unemployed homeowners, the fix would only be available to those collecting unemployment insurance, and only for three to six months. Unfortunately, many Latino workers do not qualify for unemployment insurance and millions of Americans are facing bouts of unemployment that last longer than six months. 

The administration took strong steps toward updating HAMP to address today's foreclosure crisis and they deserve credit for what they've done. Still, we hope that the White House will continue to work with us to address the cracks in HAMP's armor--the voluntary nature of industry compliance and the effects of stubborn unemployment rates, especially critical in communities of color. This means crafting a strong enforcement and appeals process for families whose paperwork is lost and a solution that works for all unemployed homeowners. 

There is still a long road ahead, with an estimated two million Black and Latino homeowners expected to lose their home between 2009 and 2012 and double digit unemployment. This will translate into a severe loss of wealth that affects generations. We must work together to clear all log jams and ensure we prevent as many foreclosures as possible.
Remax 10 - Ruben Orozco, lanza la seccion de Oak Forest , en la cual se pueden encontrar todo el inventario de casas que hay en Oak Forest ademas de varias puestas por los bancos en la misma ciudad Click -  Oak Forest es una de las ciudades con Tinley park mas importantes en el sistema inmobiliario a unos 30 km al sur de la ciudad de Chicago , por eso illinois Bienes raices ha decidio abrir en este pueblo , con la ayuda de Ruben Orozco , colaborador y experto agente de bienes raices en el area . En Oak Forest se pueden encontrar casas reposeidas baratas desde los bajos $ 60,000 en varios casos hasta millones de dolares . Oak Forest ha sido una ciudad muy castigada debido a la mala economia lo cual ha traido a esta ciudad una morosidad alta en impagados hipotecarios y arrastrandoles a los llamados Short sale venta corta . illinois bienes raices tambien ha pensado en este detalle y abre las puertas a una seccion totalmente nueva llamada Ventas cortas short sale en Oak Forest la cual la pueden ver aqui http://www.mynewcrib.com/Oak-Forest ... esta seccion puede ayudar a varios vendedores en apuros en esta ciudad Varias otras secciones han sido abiertas en Oak Forest , como en la seccion de casas reposeidas que posee una atencion especial debido a la participacion de varios bancos locales que han decidido anunciar sus casas puestas a la venta , para mas informacion sobre esta seccion llame 773-326-1406 - Ruben Orozco

Venta de casas en Berwyn Agosto 2010

Pobre balance para un verano que esta haciendo de la ciudad de Berwyn un desastre en precios que parece que no paran de bajar . La venta de casas en Berwyn baja y los precios disminuyen debido a un aumento en el numero de casas reposeidas en Berwyn , dejando el mercado de Berwyn en este porcentaje 70% ventas cortas en Berwyn 20% Venta de casas reposeidas 10% Venta de casas en Berwyn Normales ( Casi imposible de venderlas con la competencia) Con esta pobre estadistica se prevee un septiembre poco alentador si miramos el inventario de las nuevas ventas cortas que han entrado en el mercado . Ya son muchas las casas baratas en Berwyn , no solo unas pocas y los compradores pueden elegir entre precios casi ridiculos en varias areas de Berwyn tanto el Sur como el Norte
Para ver un resumen de casas reposeidas por mapa haga click aqui - www.mynewcrib.com
Para buscar casas "Short Sale" o sea casas en venta por menos de lo que el vendedor debe - www.mynewcrib.com - Short sales