Mishandled & Mispresented Foreclosure?

We've all heard some tragic foreclosure stories.  Well now is the time to have them reviewed.  Peopel who were foreclosed on in 2009 & 2010 can now have their cases reviewed through www.independentforeclosurereview.com

There are 14 firms including, JP Morgan Chase, Bank of America, Citi, and more, awarding $500 - $125,000 each case mishandled or misrepresented.

For more information, visit.
http://www.bloomberg.com/news/2012-08-02/fed-occ-extend-foreclosure-review-deadline-to-dec-31-2012.html

California Homeowners Bill of Rights Passes

The California Homeowners Bill of Rights has passed.  It was and signed into law July 10^th by Governor Edmund G. Brown Jr. and will take effect Jan 1st, 2013.  This Bill will protect homeowners and borrowers during the foreclosure process, thus giving homeowners the right to fight for their homes.  The Homeowner Bill of Rights prohibits a series of inherently unfair bank practices that have needlessly forced thousands of Californians into foreclosure.

·       Restrict dual tract – Banks cannot have a loan modification and foreclosure process going simultaneously.  The lender must choose 1 or the other.  So if you’re in the middle of the modification process, the foreclosure process must cease.

·       Single Point of Contact - It guarantees one single point of contact with the lender. You have someone you can call directly that will give you information on your specific situation instead of talking to different people each and every time you call. 

·       Homeowners can require loan servicers to document their right for foreclosure.

For more information, you can visit www.oag.ca.gov.

For all your Real Estate needs, call Homes & Beyond Realty Inc. 

Blanca Ramirez, (408) 608-8713, blanca@hbrealtyinc.com
Nidia Nuristani, (408) 836-2457, nidia@hbrealtyinc.com

HARP - Refinace Without Equity

Home Affordable Refinance Program (HARP)

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"If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through MHA's Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees will apply.

You may be eligible for HARP if you meet all of the following criteria:

• The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
• The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
• The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
• The current loan-to-value (LTV) ratio must be greater than 80%.
• The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.

If your loan is owned by Freddie Mac, you may check your potential eligibility for HARP here.

For more information, please contact Homes & Beyond Realty, Inc.
Blanca Ramirez (408) 608-8713, Nidia Nuristani (408) 836-2457

Bank of America is Reaching Out!!!!

Bank of America is reaching out! Recently Bank of America has been designating local branches as local resource center for homeowners in distress (behind on montly mortgage payments, facing foreclosure, or have a foreseeable financial problem in the near future. Although they're not exactly in our neighborhood, there is one within driving distance in the Bay Area. There they will provide you with the appropriate forms, provide assistance in completeing the not-so-user friendly forms, and even designate a local representative for you to stay in touch with. Although it may be a 20 minute drive, it's much better then calling an 800 number and holding for up to 1 hour and then getting a generic answer. I encourage any all people with a Bank of America mortgage which are in need of assistance and possibly facing foreclosure to call and visit the local center and obtain the assistance you need and deserve!

Bank of America Resource Center
1021 S El Camino Real, #A
San Mateo CA 94402
PH: (650) 581-8868
Toll Free: (888) 669-6659
Mon-Thurs 9am-8pm
Fri 9am-6pm
Sat 9am-1pm

Furthermore, Bank of America is hosting an Out-Reach Event locally. You will be able to meet "in person with one of their specialists to discuss your home loan and any assistance solutions—including loan modification options & short sales—that may be available to you". They say that same day answers may be available. YOU MUST SIGN UP TO GUARANTEE YOU'LL BE SEEN!!!! Click on the link below.

Tuesday, August 7 - August 9, 8am-8pm
DoubleTree Hotel
2050 Gateway Place
San Jose CA

http://homeloanhelp.bankofamerica.com/en/events.html?cm_mmc=CRE-HomeLoans-_-vanity-_-CA01VN0039_homeownerevent-_-071511

For more information, don't hesitate to call Homes & Beyond Realty, Inc.

Nidia Nuristani, nidia@hbrealtyinc.com, (408) 836-2457
Blanca Ramirez, blanca@hbrealtyinc.com, (408) 608-8713