Housing: Making Home Affordable mortgage modification plan poll…
Aloha. Please take a second to click the poll below. A few emails have come in requesting an in-depth drilldown of details and expanded coverage of the Making Home Affordable Modification program and I have spent weeks researching for my own interests but before I dive in to more posts on the subject I want to get an idea of how many people want/need the additional info. Gracias.
Housing Update: AZ : May 2nd Foreclosure Prevention Task Force Workshop with Rep. Mitchell….
If you are in Metro Phoenix, Congressman Harry Mitchell has put together a ‘Foreclosure Survival and Prevention Workshop’ with the task force of that name.
The really good news is the list of items to bring includes everything you would need to apply for a loan so it is my hope people will be able to apply for the various Hope for Homeowners, Making Home Affordable and HUD mortgage modification, refinancing plans while there.
Here are the details, everything here is straight from the flyer from Congressman Mitchell:
Saturday, May 2nd 8:30am-11:30am
Granite Reef Senior Center 1700 North Granite Reef Rd, Scottsdale
Featuring HUD-certified housing and finance professionals to counsel one on one about foreclosure problems. To get the most accurate help possible, please bring as many of these documents as are applicable:
- The closing packet for your mortgage
- Recent bank statements and mortgage bills
- Federal tax returns for 2 years and pay stubs (doesnt say but bring two most recent )
- Unemployment documentation for the last month;
In addition you may need to bring:
- Pay stubs for last 30 days for each member of household;
- Social Security/Unemployment/Pension Income statements;
- Statements/bills for all household expenses;
- ALL correspondence, letters from banks, courts, or anyone regarding your home or foreclosure;
- Any Trustee Sale information from your mortgage company or its attorney;
- Evidence of outstanding judgements or tax liens;
Workshop Agenda:
8:30 am – Registration and One-on-One Counseling Begins
9:00 am – Welcome by U.S. Congressman Harry Mitchell
On going presentations from the Arizona Foreclsoure Prevention Task Force include:
9:15 am – Foreclosure Timeline and Scams to Look Out For
10:00 am – Creating a Crisis Budget
10:45 am – Rebuilding after Foreclosure and Building Your Home’s Value
If you need immediate help, please contact the AZ Foreclosure Helpline at (877) 448-1211, or HOPE NOW, a HUD approved counseling organization at (888) 995-HOPE. For further information on this workshop contact me (Rep. Mitchell if you are in the district) at (480) 946-2411
Video Update: Housing: Existing Home Sales Drop 3% in March….
Update: We STILL have a 9.5 month supply of homes, I do NOT agree this is a bottom, as UE goes up, and the foreclosure moratoriums end, the supply continues to grow. But to be fair here is the other side, second clip below, also if you need to refi or modify, check out the website here: http://makinghomeaffordable.gov/index.html/ NAR clip number 3, recall the NAR is in business to increase home sales, LOL, talk about a rosy view…
Breaking CNBC Chryon..
This comes after a bump up in sales in February, which some had hoped signalled a bottom and a resurgence in Spring Home sales…
March existing home sales fall 3% to an annual rate of 4.57 million…..
Sheila Bair on Toxic Asset Plan…
Analysis and discussion with FDIC Chairman Sheila Bair. (For The Record)
Moderate in the Middle 