Ten Worst Places to Live: according to FOXBusinessNews"Times are tough right now: the housing market is still weak, unemployment remains high and the stock market is stuck in neutral.
But things could be worse if you live in one of these 10 cities, which face the HIGHEST UNEMPLOYMENT in the country, CORRUPT CITY OFFICIALS and SKY-HIGH FORECLOSURE rates.
WalletPop’s list of the 10 worst cities to live."
1. El Centro, California
One in four people here are out of work and the city holds the not-so-distinguished honor of having the highest unemployment rate.
1A. Yuma, Arizona (close behind El Centro, CA)
...has a jobless rate triple the national average of 9.5%.
2. Cleveland, Ohio
...factoring in its high unemployment (9.1%), high taxes, lousy weather, and political corruption.
3. Detroit, Michigan
America's most dangerous city with...violent crimes...it's heavy reliance on the stumbling auto industry, high foreclosure (13.7%) and unemployment rates.
4. Las Vegas, Nevada
One of the hardest hit cities when the housing bubble burst with the highest foreclosure rate in the country in 2009.
5. Oklahoma City, Oklahoma
The unhealthiest city of the country, including obesity, death rate from cardiovascular disease.
6. Los Angeles, California
If you don't care about breathing, (holding the worst ozone pollution in the country) LA is a great place.
7. Phoenix, Arizona
Beyond the controversial immigration measure, AZ's housing market still remains a mess. It ranks among the top 10 worst metro markets regarding foreclosures. AZ also holds the title for the worst year-round particle pollution in the country.
8. Newark, New Jersey
Newark has been likened to Detroit but with it's own political and social dysfunction. More then 1/4 population lives below the poverty line and it has the most Superfund toxic-waste sites in the nation. Though crimes has been reduced, it still remains a major issue.
9. Miami, Florida
Listed (right behind Detroit) as being the worst place to raise a family which likely means making it a terrible place to live. Crime, safety, education, economics, housing, cultural attractions and health contribute to making Miami make the cut in the "worst places to live")
10. Memphis, Tennessee
One of the worst violent crime rates in the country and ranked third (by Forbes) as miserable cities for corrution by city officials.
For more detailed information: http://www.walletpop.com/blog/2010/08/05/10-worst-places-to-live/
Monday, August 23, 2010
Friday, August 20, 2010
Foreclosure Avoidance Option -10
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #10: SHORT SALE
If a homeowner owes more on their property than it is currently worth, then they can hire a qualified CDPE Real Estate Agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.
This represents only one of the solutions available to homeowners facing foreclosure and the conclusion of Foreclosure Avoidance Options.
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #10: SHORT SALE
If a homeowner owes more on their property than it is currently worth, then they can hire a qualified CDPE Real Estate Agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.
This represents only one of the solutions available to homeowners facing foreclosure and the conclusion of Foreclosure Avoidance Options.
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Thursday, August 19, 2010
Foreclosure and Unemployment stats-
Did you know?
◦1 in 7 mortgages are not being paid
◦25% of all U.S. properties are underwater
◦Currently unemployment stands at 9.9%
◦Shorts Sales are the leading distressed property transaction in the industry today
◦1 in 7 mortgages are not being paid
◦25% of all U.S. properties are underwater
◦Currently unemployment stands at 9.9%
◦Shorts Sales are the leading distressed property transaction in the industry today
Foreclosure Avoidance Option -9
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #9: SELL THE PROPERTY
Homeowners with sufficient equity can list their property with a qualified CDPE agent that understands the foreclosure process in their area.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #9: SELL THE PROPERTY
Homeowners with sufficient equity can list their property with a qualified CDPE agent that understands the foreclosure process in their area.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Wednesday, August 18, 2010
Foreclosure Avoidance Option -8
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #8: Service Members Civil Relief Act (military personnel only)
If a member of the military is experiencing financial distress due to deployment, and that person can show that their debt was entered into prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers in relation to qualifying for this relief.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #8: Service Members Civil Relief Act (military personnel only)
If a member of the military is experiencing financial distress due to deployment, and that person can show that their debt was entered into prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers in relation to qualifying for this relief.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Tuesday, August 17, 2010
Foreclosure Avoidance Option -7
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #7: REFINANCE
If a homeowner has sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #7: REFINANCE
If a homeowner has sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Monday, August 16, 2010
Foreclosure Avoidance Option -6
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #6: BANKRUPTCY
Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidencial evaluation of your individual situation, property value, and possible options, call me.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #6: BANKRUPTCY
Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidencial evaluation of your individual situation, property value, and possible options, call me.
Sunday, August 15, 2010
Foreclosure Avoidance Option -5
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #5: DEED IN LIEU OF FORECLOSURE
Also known as a 'friendly foreclosure,' a deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidencial evaluation of your individual situation, property value, and possible options, call me.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #5: DEED IN LIEU OF FORECLOSURE
Also known as a 'friendly foreclosure,' a deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidencial evaluation of your individual situation, property value, and possible options, call me.
Saturday, August 14, 2010
Foreclosure Avoidance Option- 4
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #4: RENT THE PROPERTY
A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, can convert their property to a rental and use the rental income to pay the mortgage.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #4: RENT THE PROPERTY
A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, can convert their property to a rental and use the rental income to pay the mortgage.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Friday, August 13, 2010
Foreclosure Avoidance Option- 3
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #3: MORTGAGE MODIFCATION
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #3: MORTGAGE MODIFCATION
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Thursday, August 12, 2010
Foreclosure Avoidance Options-2
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #2: FORBEARANCE OR REPAYMENT PLAN
A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option #2: FORBEARANCE OR REPAYMENT PLAN
A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
Understanding your options now could mean all the difference in the world.
I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.
Wednesday, August 11, 2010
Foreclosure Avoidance Options
Foreclosure Avoidance Options
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option 1: REINSTATEMENT
A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
I am a Designated CDPE:
for a private evaluation of your individual situation, property value, and possible options, call me.
Understanding your options now could mean all the difference in the world.
A CDPE can help.
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:
Option 1: REINSTATEMENT
A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.
This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.
If you would like an all inclusive list immediately, please call or email me-No obligation
I am a Designated CDPE:
for a private evaluation of your individual situation, property value, and possible options, call me.
Understanding your options now could mean all the difference in the world.
A CDPE can help.
Monday, August 9, 2010
Does foreclosures hurt everyone's home values?
How foreclosures hurt everyone's home values
What is the price tag on Foreclosures, specifically how much does a Foreclosure dent a home's value. What is the price of Foreclosure for houses around them-see how Foreclosures may affect you.
What is the price tag on Foreclosures, specifically how much does a Foreclosure dent a home's value. What is the price of Foreclosure for houses around them-see how Foreclosures may affect you.
FHA Launches Short Refi Opportunity
FHA Launches Short Refi Opportunity for Underwater Homeowners
RISMEDIA, August 9, 2010--In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development provided details on the adjustment to its refinance program will enable lenders to provide additional refinancing options to homeowners who owe more than their home is worth. Starting September 7, 2010, the Federal Housing Administration (FHA) will offer certain ‘underwater’ non-FHA borrowers who are current on their existing mortgage and whose lenders agree to write off at least ten percent of the unpaid principal balance of the first mortgage, the opportunity to qualify for a new FHA-insured mortgage.
The FHA Short Refinance option is targeted to help people who owe more on their mortgage than their home is worth – or ‘underwater’ – because their local markets saw large declines in home values.
“We’re throwing a life line out to those families who are current on their mortgage and are experiencing financial hardships because property values in their community have declined,” said FHA Commissioner David H. Stevens.
for additional information visit:
http://rismedia.com/lowes/8355/9639
RISMEDIA, August 9, 2010--In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development provided details on the adjustment to its refinance program will enable lenders to provide additional refinancing options to homeowners who owe more than their home is worth. Starting September 7, 2010, the Federal Housing Administration (FHA) will offer certain ‘underwater’ non-FHA borrowers who are current on their existing mortgage and whose lenders agree to write off at least ten percent of the unpaid principal balance of the first mortgage, the opportunity to qualify for a new FHA-insured mortgage.
The FHA Short Refinance option is targeted to help people who owe more on their mortgage than their home is worth – or ‘underwater’ – because their local markets saw large declines in home values.
“We’re throwing a life line out to those families who are current on their mortgage and are experiencing financial hardships because property values in their community have declined,” said FHA Commissioner David H. Stevens.
for additional information visit:
http://rismedia.com/lowes/8355/9639
Tuesday, August 3, 2010
Lenders appear more willing to consider Short Sale
Due to the recent economic climate, lenders now appear more willing to consider Shrot Sales over Foreclosures than they were just a few years ago. While Short Sales have the potential to be more favorable than a Foreclosure for both the seller and the bank, Short Sale transactions are complex and present their own set of challenges on both sides of the transaction.
from: Shawn Dauphine-Houston Realtor Magazine
Make sure you are working with a Certified CDPE which can potentially lead to less complications, a shorter time period, understanding the additional paperwork needed and less delays.
from: Shawn Dauphine-Houston Realtor Magazine
Make sure you are working with a Certified CDPE which can potentially lead to less complications, a shorter time period, understanding the additional paperwork needed and less delays.
Monday, August 2, 2010
How Does HAFA Compare to Traditional Short Sale?
HAFA Compared to Traditional Short Sale:
TIMELINE FOR DECISIONS:
Traditional Short Sale: when you receive a valid offer
HAFA: PRIOR to marketing the property/also available upon receipt of a offer
DEFICIENCY PURSUED:
Traditional Short Sale: investor retains the right
HAFA: No
CASH/PROMISSORY NOTE:
Traditional Short Sale: investors may require
HAFA: No
RELOCATION ASSISTANCE:
Traditional Short Sale: None
HAFA: $3000
For a FULL list of the breakdown of the differences between HAFA and Traditional Short Sale, call or email me with your request.
I am a Certified CDPE-(Certified Distressed Property Expert)-Call me for a private consultation.
TIMELINE FOR DECISIONS:
Traditional Short Sale: when you receive a valid offer
HAFA: PRIOR to marketing the property/also available upon receipt of a offer
DEFICIENCY PURSUED:
Traditional Short Sale: investor retains the right
HAFA: No
CASH/PROMISSORY NOTE:
Traditional Short Sale: investors may require
HAFA: No
RELOCATION ASSISTANCE:
Traditional Short Sale: None
HAFA: $3000
For a FULL list of the breakdown of the differences between HAFA and Traditional Short Sale, call or email me with your request.
I am a Certified CDPE-(Certified Distressed Property Expert)-Call me for a private consultation.
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