tag:blogger.com,1999:blog-28458554408496024952009-03-29T09:33:19.365-07:00A brief description of what's happening in our local area... opinions and suggestions on the market today!lynnell4rehttp://www.blogger.com/profile/09850120659655551637noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2845855440849602495.post-62159646548558386472009-03-29T09:25:00.000-07:002009-03-29T09:33:19.376-07:00<h1><a href="http://talkofthefoothills.com/?p=94" rel="bookmark">Consumer guide to loan modifications…</a></h1> <div class="date">March 26th, 2009 </div> <p><span style="font-family: Arial;"><a href="http://lynnellsells.com/">I</a> came across this very interesting article today and I thought some of you might like it too.</span></p> <address><span style="font-family: Arial;">The California Association of Realtors CAR published this… please read on</span><br /></address> <p><span style="font-family: Arial;">This week’s C.A.R. Mortgage Update contains information about mortgage modifications; the Federal Reserve’s plan to purchase government-backed IOUs; jumbo loans; mortgage support Web sites; condo rules; mortgage rates; how banks are preparing for President Obama’s housing plans; and increases in mortgage fees.</span></p> <p><strong>A consumer’s guide to mortgage modifications</strong><br />With approximately 81,000 properties in California receiving a foreclosure filing in February, and one in five homeowners underwater nationwide, <span style=""> </span>many consumers are seeking mortgage modifications, but may not understand how they work.</p> <p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Arial;"> </span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: rgb(0, 0, 0); font-family: Arial;">A loan modification is generally a temporary adjustment to a home loan that lowers the monthly payments by reducing the interest rate the borrower pays.<span style=""> </span>In most cases, borrowers are eligible for loan modifications if they can prove their troubled mortgages can be brought back to good standing with the modification. </span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: rgb(0, 0, 0); font-family: Arial;"> </span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: rgb(0, 0, 0); font-family: Arial;">Consumers interested in learning more about loan modifications should contact a mortgage counselor at an agency certified by the U.S. Dept. of Housing and Urban Development (HUD).<span style=""> </span>A list of agencies can be found online at <a title="http://takeaction.realtoractioncenter.com/ct/T7_3yUK1u4PZ/" href="http://www.hud.gov"><span style="font-size: x-small; color: rgb(128, 0, 128);"><strong>www.hud.gov</strong></span></a>.<span style=""> <br /></span></span></p><p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: rgb(0, 0, 0); font-family: Arial;"><span style="">____________________________________________________________<br /></span></span></p><p class="MsoNormal" style="margin: 0in 0in 0pt;"><br /><span style="color: rgb(0, 0, 0); font-family: Arial;"><span style=""></span></span></p><p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: rgb(0, 0, 0); font-family: Arial;"><span style="">Pleas be sure to contact me Lynnell Woodward at </span></span><span id="PageManager1_lblShow"><span style="font-family:arial;font-size:100%;"><span style="font-family:arial;font-size:85%;"><span style="color:#000000;">(818) 482-6690<br />Or visit my website at<br /></span></span></span></span></p><p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: rgb(0, 0, 0); font-family: Arial;"><span style=""> <a href="http://lynnellsells.com/">http://lynnellsells.com/</a><br /></span></span></p> <a id="publishButton" class="cssButton" href="javascript:void(0)" target="" onclick="if (this.className.indexOf(&quot;ubtn-disabled&quot;) == -1) {var e = document['stuffform'].publish;(e.length) ? e[0].click() : e.click(); if (window.event) window.event.cancelBubble = true; return false;}"><div class="cssButtonOuter"><div class="cssButtonMiddle"><div class="cssButtonInner">Publish Post</div></div></div></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2845855440849602495-6215964654855838647?l=blog.lynnellsells.com'/></div>lynnell4rehttp://www.blogger.com/profile/09850120659655551637noreply@blogger.com0tag:blogger.com,1999:blog-2845855440849602495.post-31371765085059884752008-03-28T15:48:00.000-07:002008-03-28T15:53:47.060-07:00Have we hit bottom, that is the question of the week. It appears that there is a bit more activity in the market place but are the prices going to continue to drop or is it going to pick again soon. Tune in next week and I will be able to tell.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2845855440849602495-3137176508505988475?l=blog.lynnellsells.com'/></div>lynnell4rehttp://www.blogger.com/profile/09850120659655551637noreply@blogger.com0tag:blogger.com,1999:blog-2845855440849602495.post-87792793465752818632008-02-01T15:40:00.001-08:002008-02-01T15:55:51.301-08:00The Buzz around town is...<br />Foreclosures are coming- where are the foreclosures- where are the deals?<br />Everyday I hear the same thing. Well guess what everyone they are here and the word on the street is there are more coming. In Sunland Tujunga I am seeing a few pop up on the market every week. Now that the Feds are looking to up the conforming loan amount it will make it much easier to buy your first home or move up.<br />We should know what our new loan limits within the next few weeks!<br />Good luck and happy house hunting!<br />Let me know what the buzz you hear around town!<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2845855440849602495-8779279346575281863?l=blog.lynnellsells.com'/></div>lynnell4rehttp://www.blogger.com/profile/09850120659655551637noreply@blogger.com0tag:blogger.com,1999:blog-2845855440849602495.post-23518885714668264372007-11-13T06:00:00.000-08:002007-11-13T06:06:48.760-08:00<a href="http://www.lynnellsells.com">http://www.lynnellsells.com</a><br />Single Family home for sale in Tujunga Southern California<br />2.13 acres, possible horse property<br />Call Lynnell Woodward at 818-541-7308<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2845855440849602495-2351888571466826437?l=blog.lynnellsells.com'/></div>lynnell4rehttp://www.blogger.com/profile/09850120659655551637noreply@blogger.com0tag:blogger.com,1999:blog-2845855440849602495.post-55157984639101716292007-11-08T14:42:00.000-08:002007-11-08T14:42:25.819-08:00<a href="http://buzz.blogger.com/2007/10/donorschoose-and-your-blog.html">Blogger Buzz: DonorsChoose and your blog</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2845855440849602495-5515798463910171629?l=blog.lynnellsells.com'/></div>lynnell4rehttp://www.blogger.com/profile/09850120659655551637noreply@blogger.com0tag:blogger.com,1999:blog-2845855440849602495.post-27164170698329664622007-10-23T22:24:00.001-07:002007-10-23T22:32:50.184-07:00There are more and more houses coming on the market everyday and we are seeing more price reductions than prior months. In our local market many of the homes are sitting and not getting the activity that we saw earlier this year. Why is this? Well one theory is the buyers are waiting for the market to plunge further. Another is the buyers are thinking that interest rates will still go lower perhaps to rates we saw a year or two ago. Another is that the foreclosure market is going to infiltrate our "normal" market and prices will plunge. What we do know is that currently the interest rates are still at an all time low for the conventional loan and jumbo's are hovering right around 7% how low does the market need to go without affecting the interest rates? We do know when prices drop interest rates go up; is this going to happen again? I would love to hear from you...<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2845855440849602495-2716417069832966462?l=blog.lynnellsells.com'/></div>lynnell4rehttp://www.blogger.com/profile/09850120659655551637noreply@blogger.com0tag:blogger.com,1999:blog-2845855440849602495.post-78412858330496238182007-08-19T07:02:00.000-07:002007-08-19T07:03:40.388-07:00With all the news on mortgage rates and home prices dropping is this the time to buy or sell?<br />Send me your thoughts...<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2845855440849602495-7841285833049623818?l=blog.lynnellsells.com'/></div>lynnell4rehttp://www.blogger.com/profile/09850120659655551637noreply@blogger.com0tag:blogger.com,1999:blog-2845855440849602495.post-45492464971899524592007-06-07T22:17:00.000-07:002007-06-07T22:22:16.592-07:00In our local community we are seeing a trend of homes staying on the market longer; we are constantly hearing prices are dropping and that the market is going to bottom out. Well I really see is that if a home is priced right and it is staged properly and the marketing is in place your home will sell. Some homes take longer than others but it you are getting showings you will get an offer; if you are not getting any activity it is the price. Let me know what you think.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2845855440849602495-4549246497189952459?l=blog.lynnellsells.com'/></div>lynnell4rehttp://www.blogger.com/profile/09850120659655551637noreply@blogger.com0