Riding out The Storm: Tell Us Your Story (click here)
A few days ago we ran blog with connection to a video of a workshop for homeowners who are "underwater." If this is a term you aren't familiar with, the Sun Sentinel's Paul Owens has an article which explains what being underwater means and why it is such a huge problem in this area. You can find the link to that article in our blog.
Do you have a story to tell about your situation? Please share it with us and help others in South Florida. The strength of our community will be based on our ability to weather this storm and as neighbors we can share the successes and struggles and offer assistance to others.
Share your stories and comments.
Cash-strapped homeowners are finding short-sales are hard to come by (read here)
Why Mortgage Complaints are the hardest to handle (read here)
UNDERWATER? Watch Housing 101 (watch here)
The White House Lays Down a Deadline for Mortgage Repair (read here)
From Nightly Business Report: Mortgage Loan Modifications (read here)
Florida attorney general investigating 81 mortgage modification companies (read here)
From the Kaufman and Co. program on WDNA 88.9FM, a discussion of the work done by Legal Services of Greater Miami (represented by senior attorney Carolina Lombardi) and the Facing The Mortgage Crisis initiative that WPBT2 and WDNA 88.9FM are developing in South Florida.
As we all face the financial crisis WPBT2 and WDNA 88.9FM will continue to bring you information from experts, trusted resources, and the South Florida community.
2-1-1 Services provide referrals to a number of resources in the community that can help homeowners stay in their homes, fight foreclosure notices ot provide support in other areas that might help close the gap on monthly mortgage expenses. Working with the United Way, callers can get access to an array of services by dialing 2-1-1 in any of the counties in south Florida in which they live.
If you are having problems with your mortgage the time to act is now. There are trusted community resources available to help but you have to ask. For help call the United Way’s 24 hour helpline at 305-358-4357 and they will connect you to the help that you need.
Watch : Issues with Helen Ferre
Read: Nightly Business Report Transcript: Foreclosure
Crisis Round 2
Read: Nightly Business Report Transcript: One on One with Robert Brusca, Chief Economist of Fact & Opinion Economics
Pardon me if I believe that the mortgage crisis stems from many things:
- Excessive influx of Illegal Immigrants (I have actually seen where they have taken the livelyhood of many local entrepeneurs and workers)......
- Excessive taxes, insurance, utilities and general costs of living (which is STILL pervasive, w/no relief in sight, here in So. Florida)......
- Excessive over-developement (approved by our politicians)........
- Realtor greed = (realtors run the property exchange show (buy/sell), they could have tried to contain the out-of-sight prices and developement, but didn't)......
Also, may I note that I have heard MANY, MANY, people complain about the costs of groceries and sundries (specially targeted @ Publix). People have expected a lowering of these costs (that were originally raised because of the massive and lenghthy fuel increases from 2008), but these prices have never gone back down as they should have; the manufacturers put less product in the packages and still raised the prices!); this makes the product not go as far & forces the consumer to buy sooner); all this contributes to massive costs.... Fuel prices have stayed down for a long time now ~ yet the prices for life giving foods, etc., are still double and triple what they were at the height of the fuel prices of 2008....WHY?
Why isn't there more complaining going on from the consumer?
Posted by: KELLI2L | 10/24/2009 at 08:24 AM
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Posted by: darkfall gold | 10/08/2009 at 11:13 PM
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Posted by: olique estefan | 09/04/2009 at 12:02 PM
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Posted by: Term paper | 08/13/2009 at 05:32 AM
I believe that the only way to help people having difficulties with their mortgage is for the Banks to break out of their little rigid world and really work with people. What's really sad about how most banks operate is that working with most borrowers to get a more affordable mortgage vs. foreclosing is actually better for their bottom line. Taking a 30% to 60% hit from a foreclosure can't compare to taking a mortgage at say 9% down to even as low as 4%. At least that's what my calculations say.
I would be interested in knowing if others agree with my assessment.
http://www.sell-my-note.biz
Posted by: Ron Stone | 07/07/2009 at 12:26 PM
Something needs to be done
http://www.denverhomemortgage.us
http://www.coloradomortgage.me
http://www.littletonmortgage.info
Posted by: Colorado Home Mortgage | 06/30/2009 at 07:25 PM
The housing crash has played out now for almost 3 years (it only STARTED with the subprime crisis). It is now spreading into Option ARMs and Alt-A mortgages.
Posted by: Housing Crash | 05/28/2009 at 12:11 AM