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Thank You Mark Burrell!

April 28, 2010 By Debbie

Again, I really need to thank this man!

He took the time to investigate the page about Identity Theft which I wanted to reprint from Suze Orman. He advised me that all I needed to do was go to the FTC.GOV web site, and it is loaded with FREE information. As a matter of fact, the site encourages the public to reprint their information, download, and so on.

Therefore, I did so. You will find a page on this site entitled “Identity Theft”. It is great information.

Wonderful resource – Go to WWW.FTC.GOV and enjoy!

Filed Under: Identity Theft, Your Credit and Identity Theft Tagged With: burrell

I Want to Help Those With Credit Issues

April 28, 2010 By Debbie

Last night I sent an e-mail to the Suze Orman staff asking permission to reprint information I had read on her website about IDENTITY THEFT. It was very detailed and explained step by step what to do if you found out that you were a victim of identity theft.

They responded this morning that I could not reprint that because it was licensed.

This really upset me because the information needs to be read. There are just too many people with IDENTITY THEFT problems and do not know what to do to resolve them. Other than just tell people to go to Suze’s web site, I wanted to have that information right here. I am trying to figure out how to put the information on this site without breaking the law of copyright. I suppose I could just name the credit companies, addresses and phone numbers as well as government entities. That would be a way to help the public a little bit.

My good friend and web site master mind, Mr. Mark Burrell was reviewing articles that I had prepared to put on the site, and Mark alerted me to the fact that I could be sued for copyright. By the way, if you know anyone who needs lessons in how to do your own web site, he is the best! His website is www.BurrellGroup.com

Stay posted. I am waiting to hear back from Suze Orman’s staff since I did reply back to them this morning. If anyone out there reading this post has any ideas on the subject, please let me know. Thank you.

Filed Under: Identity Theft, Real Estate Advice, Your Credit and Identity Theft Tagged With: credit issues

I Just Attended a Wonderful Webinar!

April 21, 2010 By Debbie

I am a student of Harris Real Estate University and attend classes online weekly. Today, we had a great speaker being interviewed from the National Association of Realtors.
His name is Jeff Lischer.

This is the man who is responsible for working with the Treasury Dept. to formulate the New HAFA PROGRAM about which I have written here. Mr. Lisher represents the National Association of Realtors of which I am so proud to be a member. Our annual dues contribute to lobbying in Washington for buyers and sellers.

Mr. Lischer clarified for us how the HAFA plan works. Please feel free to contact me anytime if you are a distressed homeowner having financial difficulty and need advice. It would be my PRIVILEGE to help you. If I do not have the answers, I do have the resources and will find the answer for you.

Filed Under: Foreclosure Information, HAFA, News, Seller Info Tagged With: harris real estate university

SHORT SALES and The New HAFA Program April 5, 2010

April 7, 2010 By Debbie

Short sales have become more appealing to homeowners who are behind on their mortgage and are looking to get out without going into foreclosure. But the time it takes to process these type of sales, the sales have been thought of as long rather than short. A new federal program goes into effect APRIL 5, 2010 and will provide more guidelines to allow the stressed homeowners to enter into a short sale and more quickly get on their way to a more affordable living arrangement.

 It is called The Home Affordable Foreclosure Alternatives program which  will provide certain incentives to lenders, and to home owners who chose to do a short sale, rather than wait until the bank takes the property.

[Read more...]

Filed Under: Foreclosure Information, HAFA, News, Seller Info Tagged With: HAFA, short sale

New HAFA Program: Borrowers Get Help In Selling Homes!

April 1, 2010 By Debbie

Great News for homeowners who have a mortgage and need the banks to cooperate with them in doing a short sale.

As of April 5, 2010, the government is doubling the incentives for banks to cooperate in short sales; they are now going to receive $3000 to bank participants on the first loan, and up to $6000 on the second loan.

They are also going to double the incentive to borrowers / sellers participating in short sales to assist in relocating.

* NOT every Short Sale will be a HAFA Guidelines Short Sale. Remember, these are guidelines not laws.

* A borrower does NOT have to go through the HAMP Loan Mod process to qualify for a HAFA Short Sale. In other words, they can simply request a Short Sale (or Deed in lieu of foreclosure) which means giving the house back to the bank.

* Virtually ever lender is participating.

* There will be standardized, uniform forms.

* Lender will tell the real estate broker/ agent the NET dollar amount they need upfront.

* Borrowers MUST list with an agent. No For Sale By Owner doing a HAFA short sale.

* Lenders have 10 days to approve/ accept or request and extension to all offers.
* If the lender (servicer) doesn’t accept your Short Sale offer they have to tell you IN WRITING why.

* Fannie and Freddie HAFA Guidelines are coming soon.

Filed Under: HAFA, News, Seller Info Tagged With: HAFA, sellers, short sale

Short Sale Glossary Terms

March 17, 2010 By Debbie

 SHORT SALE: A homeowner can enter into a short sale when they owe more on their mortgage than the home is currently worth.

In a short sale, the servicer allows the homeowner to list and sell the mortgaged property with the understanding that the net proceeds from the sale may be less than the total amount due on the first mortgage.

DEED-IN-LIEU OF FORECLOSURE: With a deed-in-lieu, the borrower voluntarily transfers ownership of the property to the servicer.

SERVICER: A mortgage servicer is responsible for collecting monthly loan payments as well as escrow accounts.

DELINQUENT: A homeowner is delinquent on their loan when they fail to make payments.

DEFAULT: A homeowner can default when they are unable to pay their debt.

FORECLOSURE: A foreclosure occurs when the homeowner’s right to the property is terminated. A home can be foreclosed upon when the homeowner defaults on their mortgage payments.

 

Filed Under: Foreclosure Information, HAFA, News, Real Estate Advice, Seller Info Tagged With: foreclosure, HAFA, short sale

I have just been appointed to join ExcellenREO

March 17, 2010 By Debbie

I have been working for TitaniumInc.com for two years assisting home owners having difficulty paying their mortgages. My title is Home Retention Consultant. Titanium Solutions is a wonderful company. Basically, different banks / services contact Titanium who in turn send one of their Brokers like me out to the Borrower’s Home. The goal is to make contact with the borrower and have them speak directly with the bank in my presence, OR if they are trying to do a loan modification, my assignment may be to obtain the documents and have them notarized, then fedex to the Servicer.

Titanium has a sister company, called Excellen REO. This company has hired 1100 real estate agents and broker across the country – and I am one of them – to list their assets, that is, properties. These are bank owned properties, otherwise known as REO (real estate owned). I will be posting more information on this web site in the near future. I do not expect any listings until possibly May, 2010. However, I will keep you posted.

Filed Under: Foreclosure Information, News, reo Tagged With: Excellen, reo

Working on this Blog

March 5, 2010 By Debbie

 

At this time in my career I find my work is expanding in many fields including REO which is “Bank owned properties” as well as “short sale properties” which means the homeowner owes the bank more than the property is worth. These two forms of listings involve much paper work and of course,  time.

I have a fantastic teacher from whom I have learned so much. His name is Mark Burrell. I have learned how to create web sites, microsoft programs and more so that I could be most productive in my real estate business.

As a result, my good friend Mark is working with me on improving this site. I am really trying to give it a total make-over not so much in appearance but in VALUE to you, the reader. Therefore, please bear with me. My intent is to give you good CONTENT.  I thank you for coming to my web site.

If you have any real estate questions feel free to call me anytime or send me an e-mail at Debbie@DebbieFranklyn.com

Filed Under: News Tagged With: mark burell, web site teacher and trainer

Home Buyer Program Extended……

November 8, 2009 By Debbie

Great News!  The Federal Government DID extend the federal tax credit through April 30, 2010,
with a 60-day extension if a binding contract is in place before the deadline. First-time homebuyers will continue to be
eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500.
To qualify for the $6,500 credit, existing homeowners must have lived in their current homes for at least five years.
The bill also increases the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to
$125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000 in both instances.

Under additional provisions included in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009
income tax returns. The legislation maintains the provision that home buyers do not have to repay the credit provided the home
remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.

Nationwide, more than 1.4 million first-time home buyers were given the chance to become homeowners as a result of the Federal Tax Credit for
First-time Home Buyers. It is expected that number to increase dramatically in the months ahead with this new legislation in place.

Filed Under: Buyer Info, News, Seller Info Tagged With: buyers, Obama Plan, sellers

This was a really successful YARD sale in Anaheim!

November 7, 2009 By Debbie

pwood_garage_sale2_600Well, this day is finally over.  The banners were up, the ads in the Pennysaver and the Register, both online and in print were placed. Fliers were delivered to about 500 houses to let the event be advertised……We wanted many people to come and purchase the products for sale that these homeowners no longer wanted. This was a huge success. Not only were the residents able to “empty” their homes, but they also made some money…..and, the public who came got some wonderful “buys”.

If you would like to have a community garage sale as well, please contact me. It would be my privilege to assist and sponsor it for you also. The banners I have had made are reusable; all we need to do is change the date.  Feel free to send me an email or phone.  This was so much fun, everyone just let their hair down!

Filed Under: News Tagged With: community events, Pepperwood Village, yard sale
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