Your Real Estate Advocate!

Fannie Needs $4.6 Billion More in Bailout Money

Thu, 01 Mar 2012 18:17:33 GMT

Fannie Mae announced Wednesday that it will ask for an additional $4.6 billion in federal aid after posting a big loss in the fourth quarter and a disagreement with Bank of America, Reuters News reports.

Fannie Mae said it had a $2.4 billion loss in the fourth quarter, bringing the government-sponsored enterprise’s total to $16.9 billion in losses for 2011.

The government took control of Fannie Mae and fellow GSE, Freddie Mac, in September 2008. Both GSEs have faced steep losses from a surge in defaulting loans the last few years.

Besides the fourth quarter losses, Fannie said in a statement that a disagreement with Bank of America may also prompt the GSE to ask for more aid. Bank of America announced last week that it would no longer be selling certain mortgages to Fannie Mae.

"If Fannie Mae collects less than the amount it expects from Bank of America, Fannie Mae may be required to seek additional funds from Treasury," the company said in a press release.

To date, Fannie has borrowed more than $116 billion from the government.

Bernanke: Economy Improves, Threats Loom

Thu, 01 Mar 2012 17:51:49 GMT

Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday that the economy is improving, and the Fed plans to carry on with its policy of holding key interest rates low — at least for now.

In recent months, the economy has steadily shown signs of improvements: Unemployment rate has dropped for five consecutive months, and consumer confidence has been on the rise, posting its highest point in a year in February. Stocks recently have posted large gains.

But Bernanke cautioned threats remain to economic recovery, such as a still sluggish housing market, rising gas prices, and the European debt crisis.

“The recovery of the U.S. economy continues, but the pace of expansion has been uneven and modest by historical standards,” Bernanke told the House Financial Services Committee on Wednesday.

Bernanke did say that the Fed’s vow to keep interest rates low until late 2014 may need to be revisited if the economic outlook continues to improve. The Fed’s rare move has kept mortgage rates hovering at record lows in recent months.

"The policy is conditional," Bernanke told lawmakers. "It is based on what we know now."

Lawmakers and some economists have questioned the Fed’s move on keeping rates low until 2014, arguing it poses risks to inflation if the economy continues to improve. But the Fed has maintained its needed to aid economic recovery.

Short Sales Rise, More Banks View it as a Better Option Short Sales Rise, More Banks View it as a Better Option Short Sales Rise, More Banks View it as a Better Option

Thu, 01 Mar 2012 17:50:39 GMT

Banks are more willing to agree to a sale at a lower cost than a home owner’s mortgage balance in order to avoid having the property fall into foreclosure, which can be more costly for a lender.

In the fourth quarter of 2011, there were more than 88,000 short sales, a rise of 15 percent compared to a year prior. In all, short sales made up 10 percent of all home sales sold in the fourth quarter, according to recent data released by RealtyTrac.

On the other hand, bank-owned homes dropped 12 percent year-over-year (to 116,000), making up 13 percent of all home sales during the fourth quarter.

The average short sale in the fourth quarter sold for $184,221, according to RealtyTrac. The average foreclosure, on the other hand, sold for $149,686.

Banks are now more willing to do short sales and that trend will likely “show up in more local markets in 2012 as lenders recognize short sales as a better option for many of their non-performing loans," said RealtyTrac CEO Brandon Moore.

Meanwhile, during the fourth quarter, 24 percent of homes sold — nearly one in four — were in some stage of foreclosure, either already bank-owned or already winding through the process, RealtyTrac reports. The number is slightly down compared to a year prior when foreclosures accounted for 26 percent of all home sales, RealtyTrac reports.

However, Moore says he expects foreclosure sales to rise this year, "particularly pre-foreclosure sales, as lenders start to more aggressively dispose of distressed assets held up by the mortgage servicing gridlock over the past 18 months.”

Mortgage Relief Fraud

Don't Be the Next Victim of Mortgage Relief Fraud!

It's a sad but true fact that homeowners in danger of losing their homes are extremely vulnerable to scams. With more and more people in this situation, it has become increasingly common for con artists to devise schemes that take advantage of this vulnerability.

The problem is that the solutions that these fraudsters approach homeowners with almost always have a grain of truth to them. They can sound a lot like the actual solutions that really can help homeowners, and it can be difficult to tell the difference between what is fake and what is real.

That is why it is important to have a trained professional on your side. As a Certified Distressed Property Expert, or CDPE, I am uniquely trained to help you understand the difference between these scams and the real solutions that can actually help you protect your financial future.

Download my free report, entitled, "Mortgage Fraud Alert!" on this page, and then contact me so I can answer any of your questions and help you navigate the process without becoming the next victim.

Cash for Short Sales

Short Sales are More Valuable Than Ever!

Avoiding foreclosure is always a smart move, but now there are incentives that make it an even better one.

Short sales and deeds-in-lieu are dignified solutions to foreclosure, and now the government is making them easier and quicker through the Home Affordable Foreclosure Alternatives Program, or HAFA, which also gives the homeowner $3,000 for participating.

With the free report provided here, you can learn all the benefits of completing a HAFA short sale. Simply fill out your information below for details on the program and how you would benefit.

Please read this report to learn the facts, and contact me to start exploring solutions.

A Dignified Solution

You Deserve a Dignified Solution

The economy today has been especially hard on homeowners. I meet people every day who thought they made a responsible decision on their mortgage loan, only to be hit with the unexpected.

The first and best move to make in this position is to educate yourself on what your options are based on your financial situation. Avoiding foreclosure is always something worth pursuing if you can, and there really are dignified alternatives available.

To get my free report on all the options and benefits of avoiding foreclosure, fill out the form below and click "Send". If you need immediate assistance, please contact me right away.

I'm here to help.

Credit Score Issues

Don't Let Your Credit Score Drop Unnecessarily

Avoiding foreclosure now could make or break your attempts to get a loan in the near future and determine whether you can get affordable interest rates.

That's why I've made this site available for anyone in our community struggling with mortgage payments. Foreclosure alternatives like short sales and deeds-in-lieu allow homeowners to avoid many of the damaging effects of foreclosure. In addition, short sales may have less of an impact on credit scores than foreclosure.

To get all the information on how these options affect your credit score, fill out the form below and click "Send". If you need immediate assistance, contact me right away.

I'm here to assist you.

Struggling to Make Your Mortgage

Get Paid to Sell the Home You Can't Afford!

When the housing market crashed in 2008, millions of homeowners suddenly found themselves in danger of losing their homes to foreclosure. To help these homeowners, in 2009 the U.S. Treasury launched the Making Home Affordable (MHA) program, which is comprised of several subprograms designed to help distressed homeowners avoid foreclosure.

One of the most talked about elements of the MHA program is the Home Affordable Foreclosure Alternatives program, or HAFA. The HAFA program creates options for homeowners who owe more on their mortgage than the property is worth and don't know what to do. Even better, it allows relocation assistance of $3,000 to be paid to eligible homeowners in this situation.

To learn more, you can download my free report entitled "Struggling to Make Your Mortgage? Uncle Sam May Pay You to Sell Your House!"by filling out the form below.

As a real estate professional with the Certified Distressed Property Expert (CDPE) designation, I offer all of my clients the benefit of the best expertise and insights when it comes to foreclosure avoidance.

The Robo-Signing Settlement

The Robo-Signing Settlement: How it can help you stay in your home!

The news has been abuzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. The settlement raises lots of questions, but for homeowners who are in danger of losing their home there is only one:

Can this settlement help me stay in my home?

The answer: Possibly! But regardless of whether you meet the specific eligibility requirements of the settlement, it is important to remember one thing:

THERE ARE OPTIONS!

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I have information about what this settlement means for distressed homeowners.

If you or someone you care about is in danger of losing their home and think they have no options, contact me today for a confidential consultation.

ATTENTION Distressed Homeowners

Attention Distressed Homeowners: Avoiding Foreclosure Is More Important Than Ever!

On January 1, 2013, Congress passed an extension of the Mortgage Forgiveness Debt Relief Act. The extension of this act, which has saved homeowners more than $1 billion dollars in taxes, is great news for struggling homeowners nationwide.

For another year, distressed homeowners can pursue foreclosure alternatives, such as loan modifications and short sales, without paying potentially thousands of dollars in taxes on forgiven mortgage debt.

To learn more about the Mortgage Forgiveness Debt Relief Act and foreclosure alternatives, browse the information on my site and download a copy of my free report entitled "Attention: Distressed Homeowners! Congress Renews Critical Homeowner Relief Program!"

If your or someone you know is facing foreclosure, contact me for a free, confidential consultation, and I'll help find the best possible solution.

Hidden Costs of Bankruptcy

Considering filing for bankruptcy? There may be alternatives you've never considered …

If you are having trouble paying your mortgage and are possibly considering bankruptcy, there may be better solutions for your particular circumstances. I've created the free report available on this page, "The Hidden Costs of Bankruptcy," to provide more information.

Alternatives to foreclosure, such as conducting a short sale and moving into a rental residence with less expensive payments, may offer the breathing room you need to reorganize your finances.

You should know that you have options, and that you are not alone. More than 25% of American homeowners now owe more than what their homes are worth, and millions more are having a hard time paying their mortgages.

To get your free report, fill out the form below and click Send. However, if your situation is urgent and you need immediate assistance, please don't hesitate to contact me.

I'm here to assist you.

Time is Running Out

Time is Running Out:
How the Mortgage Debt Relief Act Can Save Your Home

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act gave homeowners relief from the tax responsibility that accompanied forgiven debt or short sales. Often, these taxes would be more than most distressed homeowners could afford.

At the end of 2012, the act will expire and homeowners will miss this once-in-a-lifetime chance to save themselves tens of thousands of dollars while freeing themselves from an unmanageable mortgage.

The clock is ticking, but there is still time to change your financial situation and avoid foreclosure. As a Certified Distressed Property Expert (CDPE), I am uniquely qualified to guide you through your options and help you find the right one for your situation.

Take a look around my site and read the free reports that are available. Write down any questions you have and then call me today for your free, confidential consultation.

3 Reasons Your Home May Be Worth More Than You Think

How much is your home worth?

Today's real estate market is very different than it was a year ago. Prices have increased rapidly over the past 6-8 months. If you or someone you know has a home in which they owed more on their mortgage than the property was worth, that may no longer be the case. Or perhaps you've just been waiting the market out for prices to increase. Well, that time has arrived.

I have a report which explains in detail why prices have gone up and why your home might be worth more than you think! The report is entitled "3 Reasons Your Home May Be Worth More Than You Think," and I believe you'll be surprised by when you download and read the report. Once you are done, contact me today for a free market analysis.

Short Sale & Deed-In-Lieu

Contrary to what you may have heard, lenders actually want to avoid foreclosure wherever possible. That’s why they’re accepting more short sale and deed-in-lieu transactions everyday in an effort to eliminate unnecessary foreclosures. This is great news for homeowners facing financial distress.

To help you understand more about these two options, I’ve prepared a free report just for you, called ‘Short Sale & Deed-in-Lieu: Dignified Solutions.’ To receive your free report, please provide your information in the fields below.

I hope you’ll review these options carefully and pass this information along to those who may need it. I commend your efforts to finding a solution to the difficult financial situation that you or someone you know is currently facing. Providing the best advice and information in your time of need is my priority.

Let me help you evaluate your options and get you back on track to a secure financial future.

Missing Mortgage Payments? It's Never Too Late!

Missing Mortgage Payments?

It's Not Too Late!

According to Lender Processing Services (LPS), over 6.32 million homeowner missed their mortgage payments in April 2011. Another four million have missed more than three months of payments and are now considered seriously delinquent. If you or someone you care about is having difficulty making mortgage payments, you should know it's not too late to get help.

I created this website so homeowners could gather as much information as possible about a homeowner's options and what steps should be taken next. The free reports available on this site are phenomenal resources for you to learn more about how I can help overwhelmed homeowners overcome this temporary challenge in life.

Is Your Mortgage Payment Dragging You Down?

One in seven mortgages in this country is headed toward foreclosure.

If you or someone you care about is feeling burdened by a mortgage that is unaffordable, I can help.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, it is my mission to help homeowners avoid the financial devastation of foreclosing on their home. In the process, I help them move forward on a positive path. If you'd like to learn more, I invite you to access my free report: Is Your Mortgage Payment Dragging You Down?

As my report points out, there are currently 6.5 million mortgages in the country that are delinquent or in foreclosure. Stemming the tide of foreclosures has become a national priority because a foreclosure is nothing short of a disaster for all concerned – families, communities, the real estate market and the national economy as a whole.

As a CDPE, I am tapped into the most up-to-date solutions for financially distressed homeowners, and am distinctly qualified to work with you to determine your best possible option.

Contact me today and let's get started!

At the End of Your Rope?

Free report details 10 ways to alleviate the stress of an unaffordable mortgage payment.

Millions of homeowners across the nation are experiencing difficulties paying their mortgages. If you or someone you care about is feeling the stress of an unaffordable mortgage, please take the time to review the report found on this website.

As a Certified Distressed Property Expert (CDPE), I've been extensively trained to counsel and guide homeowners through their options. There are dignified solutions available to help people get back on path to financial stability. My clients have found strength in the knowledge that they are able to take an active role in avoiding foreclosure.

They know that avoiding foreclosure is key in providing for a brighter future. Foreclosure can wreak havoc on credit and affect current and future employment status in addition to many other long-lasting side effects. In the report, I demonstrate just how harmful foreclosure is in comparison to an extremely effective alternative called a short sale.

I can help you or someone you care about create a strategy for living a life without the burden of missed payments. Call me today, and let's work together to put you back on the path of financial stability.

Freezes in Foreclosure

Think a Foreclosure Moratorium Will Save Your Home?

Think Again.

You may have heard news that politicians are requesting a federal moratorium on foreclosures and wonder what this means to you, especially if you are behind on mortgage payments. The reality is that a foreclosure freeze is not the answer to your problem. However, there are steps you can take to avoid foreclosure.

On the site below I've listed 5 steps to Avoid Foreclosure, which starts out with the proactive approach in avoiding foreclosure—taking action!

I have created this site to provide a source of empowerment and education. From short sales to loan modifications, I can provide information to provide a genuine sense of hope.

For a free report on the Five Steps to Avoid Foreclosure, fill out the form below and click "Send." Remember, a moratorium won't save your home—only you can! I'm here to help.

Options and Solutions

Thank you for visiting this site and taking the first step toward finding answers. I appreciate what it has taken for you to come here, and commend your efforts to get the facts about your situation. The current real estate environment can be frustrating, with misinformation and conflicting plans for how to proceed.

As a real estate agent, what I often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably, over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities I serve.

That's why I've developed this site: to ensure you get the valuable resources that can reduce your financial strain and change your life for the better. As a CDPE I know the options for homeowners in foreclosure or delinquent on their mortgages, and I can send you a report detailing this information, prepared just for you.

Simply enter your information below and click "Send."

I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let me help you evaluate your options and get back on track to a solid, stable future.

Foreclosure Vs. Short Sale

As a Certified Distressed Property Expert, I have devoted my career to helping homeowners who face difficult situations, taking them from uncertainty to resolution. Lately I've found a lot of conflicting information going around, especially concerning short sales, which you should know about.

A short sale occurs when a lender accepts the selling price of a home, even if it is less than the full amount owed on the mortgage. For particular homeowners, this can be the best option to foreclosure. Yet, I still hear people suggest that short sales are basically the same as foreclosure.

This is absolutely wrong!

You need to have the CORRECT information. That’s why I'm glad you're here. To help, I’ve prepared a free report—just for you—that compares the realities of foreclosures and short sales side-by-side. Simply provide your information below, and I'll send you this report.

If you have any additional concerns about this issue, or your circumstances are urgent, please feel free to give me a call. I can help you evaluate your options and get you back on track to a secure financial future.

Nancy Celis
(626) 893-6070

Don't Walk Away From Your Mortgage

Stop Don't Walk Away From Your Mortgage

At a Crossroads?

Walking away or "strategically defaulting" on your mortgage is not the answer. You will find that there is nothing strategic about foreclosure, especially when there are solutions to avoid it.

I've developed a free, detailed report on foreclosure alternatives you can download below. Download it today and give yourself a green light for a solid financial future.

The sooner you take this step, the more time you'll have to act and move toward a more promising tomorrow.

Caution: Protect Yourself Against Mortgage Relief Scams

The Federal Trade Commission (FTC) has issued regulations protecting consumers against mortgage relief fraud. Due to the growing number of scams that are designed to take advantage of homeowners in distress, the government wants to make sure you won’t be a victim.

As a CDPE, I am fully compliant with the FTC regulations, and want to help you avoid being taken advantage of by unscrupulous individuals or companies, as well.

In fact, I’ve developed a free, detailed report that explains the warning signs of potentially fraudulent activity so you can protect yourself and the ones you love.

If you are facing an unaffordable mortgage and need help from someone you can trust, please contact me today.

I’m here to help.

Crushing You

Is the Strain of Foreclosure Crushing You? You have options!

A lot has changed since you bought your home.

If you or someone you know are among the 10 million homeowners who are falling further behind every month because of an unmanageable mortgage payment, then that weight may feel unbearable. But there is actually some encouraging news:

You have options, and foreclosure is not one of them!

Take a look at my site and download a copy of my free report entitled "Is the Strain of Foreclosure Crushing You?" Then contact me for a free, confidential consultation.

Your Ticket to Freedom from Mortgage Frustration

In the news, there is talk of a housing recovery. Experts feel more optimistic about the state of the housing industry in America. However, if you or someone you know is one of the millions of homeowners who is stuck with a home on which you owe more than the property is worth, however, the feeling of helplessness can be overwhelming and frustrating.

CLAIM YOUR TICKET TO FREEDOM!

As a Certified Distressed Property Expert (CDPE), I make it my business to know all of the ins-and-outs of the options that are available for people who are in danger of losing their homes and help the challenges head-on.

Take a look at the information on this site and then Contact me today to schedule a free, confidential consultation.

Government Program Surveys

Are You Eligible?

The government programs currently available to homeowners can be valuable resources, but only if you know which ones are right for your situation.

That’s why I’ve created this free resource that lets you find out which programs you’re eligible for. Read the descriptions for each program to see which one fits your situation, then fill out the corresponding survey to see if you are eligible.

Are you eligible?

The good news is that programs exist for a variety of situations, and even more options are available beyond those programs. As a CDPE-designated agent, I can provide all of your possibilities and help you get moving toward a solution.

Your Real Estate Advocate!

Fannie Needs $4.6 Billion More in Bailout Money

Bernanke: Economy Improves, Threats Loom

Short Sales Rise, More Banks View it as a Better Option Short Sales Rise, More Banks View it as a Better Option Short Sales Rise, More Banks View it as a Better Option

Mortgage Relief Fraud

Don't Be the Next Victim of Mortgage Relief Fraud!

Cash for Short Sales

Cash for Short Sales

A Dignified Solution

You Deserve a Dignified Solution

Credit Score Issues

Don't Let Your Credit Score Drop Unnecessarily

Struggling to Make Your Mortgage

Get Paid to Sell the Home You Can't Afford!

The Robo-Signing Settlement

The Robo-Signing Settlement: How it can help you stay in your home!

ATTENTION Distressed Homeowners

Attention Distressed Homeowners: Avoiding Foreclosure Is More Important Than Ever!

Hidden Costs of Bankruptcy

Considering filing for bankruptcy? There may be alternatives you've never considered …

Time is Running Out

Time is Running Out: How the Mortgage Debt Relief Act Can Save Your Home

3 Reasons Your Home May Be Worth More Than You Think

How much is your home worth?

Short Sale & Deed-In-Lieu

Short Sale & Deed-In-Lieu

Missing Mortgage Payments? It's Never Too Late!

Missing Mortgage Payments?

It's Not Too Late!

Is Your Mortgage Payment Dragging You Down?

Is Your Mortgage Payment Dragging You Down?

At the End of Your Rope?

At the End of Your Rope?

Free report details 10 ways to alleviate the stress of an unaffordable mortgage payment.

Freezes in Foreclosure

Think a Foreclosure Moratorium Will Save Your Home?

Think Again.

Options and Solutions

Options and Solutions

Foreclosure Vs. Short Sale

Foreclosure Vs. Short Sale

Don't Walk Away From Your Mortgage

Stop Don't Walk Away From Your Mortgage

At a Crossroads?

Caution: Protect Yourself Against Mortgage Relief Scams

Caution: Protect Yourself Against Mortgage Relief Scams

Crushing You

Is the Strain of Foreclosure Crushing You? You have options!

Your Ticket to Freedom from Mortgage Frustration

Your Ticket to Freedom from Mortgage Frustration

CLAIM YOUR TICKET TO FREEDOM!

Government Program Surveys

Government Program Surveys

Time is Running Out:
How the Mortgage Debt Relief Act Can Save Your Home