Posts Tagged ‘Rebecca Hidalgo’

Here’s a link to the June Market report I wrote based on last month’s reports coming from Mike Orr of the Cromford Report.  If you want to get a better idea of what is going on in our market place today; I recommend reading both.  I’ve been full time in Real Estate since 1993 and I can definitely say we are on the road to recovery but we still have a long way before we get there.

Why hire us? If you need help in either selling or buying a home or know someone that does, please click here to get started or call us at 480-243-4242. 

(Click on the photo above for a downloadable PDF document that will be easier to read and printable)

What’s HAFA mean to you? It actually may not mean much… unfortunately our government has good intentions but missed the mark in my opinion on this program that started on April 5, 2010. 

Perhaps a step in the right direction but… not worth getting too excited over unless they change a few major conditions!

The biggest issues are:

• Only 4.5% of loans in default will qualify for it- that’s just 1 out of 22.5 families that are a minimum of 2 months behind on their mortgage MAY get help from this government sponsored program.
• NONE of the major investors are participating- FANNIE MAE, FREDDIE MAC, FHA, VA are all NOT participating???
• Seems misleading because if you go to this link at "Making Homes Affordable.gov", it appears for appearances sake that just about every “Lender/Bank” (a.k.a. Servicer) IS participating. SO… What’s the deal? 
• The deal is like most government programs that cost us tax payers BILLIONS of dollars.  It looks good in the media and creates a false sense that the big players are doing something to really help the little guys.

Why if the “Servicers” of the loans are participating but the majority of “Investors” are not IS there such hype out there right now??? …You can thank the media and the Government I suppose…

Why aren’t the investors on board to help???  …… drumroll please….. it’s because IF the investor accepts the government assistance they MUST agree to WAIVE their rights to pursue for a deficiency- in plain English that means they must agree not to go after and SUE the borrower for their loss afterwards! 

LUCKILY for us in Arizona, we have laws that do protect people in the majority of cases of such deficiency judgments- please go to our resource tab on this site for the links to our state laws or contact us for more details. 

We are happy to help you find out if you are one of the 1 in 22.5 families that MAY qualify for this HAFA program. 

If you don’t, don’t fret! We can and are happy to still help you navigate thru the “normal” Short Sale process and successfully sell your home and help you and your family get a clean slate financially on life.

The Integrity All Star Team is here to help you and anyone you know with their Real Estate needs.  Just let us know who you know that is considering giving their home back to their bank and we’ll gladly do everything we can to help them avoid Foreclosure.

• Are you at risk of losing your job?
• Do you know where the money to pay your next mortgage payment is coming from?
• Are you afraid of getting your family locked out of your own home by your bank? 
• Do you know that 58% of the loan modifications that even get approved, end up in foreclosure within 4 months?
• Did you know that in Gilbert alone more than 3 out of 5 people, just like you, are either at risk or are already in a foreclosure situation?

If you answered yes to any of these questions, please reach out to us for help now before it’s too late, click here to get started.  We will gladly give you a compassionate & intelligent conversation when the time is right for you and your family.

IN THE MEANTIME; THERE ARE LEGAL RIGHTS THAT GIVE SOMEONE TIME STILL IN THE HOME AFTER A TRUSTEE SALE: Please read the following article AZ Republic: Eviction Adds to Pain of Home’s Foreclosure.  In this, Michelle Lind, general counsel for the Arizona Association of Realtors, explained how the state’s eviction laws work. "The buyer of a foreclosure home has to give the home’s former owner notice to move out," she said. "If after five days the former owner doesn’t move out, the new owner can file with the courts for a forcible eviction."