September 3rd, 2010 by Harvey Blankfeld
Please remember that HAFA is a comprensive set of “Guidelines”. It is not law. The guidelines are not intended to be a one size fits all either. Each servicer (bank, lender) is currently employing their own version of HAFA. Some have not implemented their own guidlines yet and some are well down the road already.
The important facts to remember as a homeowner are that HAFA: is only for owner occupied properties, does not apply to second mortgages, can only be employed after loan modification has been pursued (HAMP), only applies to loans originated before 2009 and does have specific timelines. Having said that, homeowners need to know that even if they aren’t HAFA eligible, they can and in a lot of cases should still pursue Short Sale.
Remember to consult with an expert in Short Sales and to get help from a qualified attorney and/or accountant. I do extensive work with a network of accountants and attorneys and I find it ever so valuable to my clients to continually reach out to those experts.
Tags: economy, foreclosure, las vegas, real estate, short sales
Posted in Las Vegas Foreclosures, Las Vegas Loan Modifications, Las Vegas Short Sales | No Comments »
May 1st, 2010 by Christina Yeakel
As I write the May Newsletter, I am sitting here at my office desk, looking out the spacious window that views a flowering plum tree and a multitude of blossoming shrubs and trees whose names have long escaped me. I am quite fortunate to have an office that allows me to keep in touch with the beauty of the outdoor landscape. This view has inspired me on many an occasion.
Today the sun is shining brightly, the sky is peppered with beautiful cumulus clouds that seem to be stuck in slow motion, I can even hear a passing covey of quail that are well hidden from sight, but have made their presence known with their distinctive calling. The desert is truly a beautiful place to live and work!
What is so unique about today is that when I turned on the radio to capture the latest financial headline, all I heard were warnings about our dire circumstances nationally and particularly for Southern Nevada. When you drill down to the sources of reporting, you find bits of truth designed to capture your attention, but they contain little substance or veracity. Real estate is normally at the focus of these commentaries. If you believe these forecasters of economic gloom, owners would never sell their house; renters would never become first time buyers; and investors would park their disposable cash in cd’s and wait for the next decade to take risk.
Oh, by the way, the weather forecast for today was for thunderstorms and high winds; another forecast gone awry.
Tags: balance, economy, las vegas, Personal Development, real estate, spring, trends
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March 5th, 2010 by Christina Yeakel
It is something that we normally seek but rarely find. And when we do achieve balance in our lives it becomes obvious to all those around us and to ourselves. Everything “works better”; we are able to handle the daily stresses well and we are much more efficient in our work and relationships. I am not going to pretend to have a system to achieve balance in our lives; but I do believe it comes from a solid understanding of ourselves, coupled with a strong faith in others and most importantly a higher power.
This great country of ours is seeking balance. We want things to work better and to eliminate the financial and political stresses that plague us. I am an optimist and I believe we are reawakening as a Nation, reacquainting ourselves to the principles that this country was founded upon. We are relying much more on those we trust and putting our faith in a political system that by its nature requires balance as its foundation.
As this country changes, my hope is that we truly seek efficiencies and build upon our relationships with each other, melding our personal and political views for the sake of preserving our individual rights and freedoms.
Tags: balance, economy, efficiency, ethics, hardship, market, trends
Posted in Personal Development | No Comments »