In November of 2000 in San Francisco, ten REBAC members were inducted into the Hall of Fame and recognized for thier acheivements and committment to buyer agency. This year REBAC welcomes David Lewis, Richard Parke, Pat Strong, Dwayne Carte and the North Central Jersey Association of REALTORS®, our license provider honoree, to the 2009 REBAC Hall of Fame.
Our 2009 inductees will be honored for their dedication and service at a special networking reception on Saturday, November 14, 2009 at the REALTORS® Conference and Expo in San Diego. Plan on joining all of us and REBAC as we honor these outstanding representatives. For more information on attending the NAR Conference and Expo, being held next week, please click here.
News reports out of Washington have indicated that an extension of the extremely popular $8,000 tax credit for first-time home buyers, along with a proposal to offer a $6,500 credit for existing homeowners, has been agreed to by key members of the Senate. The new $6,500 credit would be for those existing homeowners who have lived in their current residence for a consecutive five-year period within the past eight years.
Potential home buyers would need to be under contract by April 30, 2010, and close before July 1st, 2010. Concerns have been raised by House Democrats about the cost of the program, and there have also been allegations of abuse of the program that have resulted in an IRS probe of the program.
What new technologies or innovations will lead real estate into 2010? There is only one place to find out. Real Estate Connect: New York City. From January 13th – 15th, 2010, industry and technology leaders will inform you on what is coming in the year ahead and how you can keep up.
But to get ahead, gather with over 1,300 of your peers to look at the future. The things you learn become your competitive advantage; the people you meet become your new customers, partners, or collaborators in innovation.
Registration is open now. Click Here and don’t miss out on the one conference where you will learn what tools you can use in the coming year.
Register now for the 2009 REALTORS® Conference and Expo! We encouraged to register soon for the best hotel options! The conference is slated to run from November 13th through the 16th and the Annual Governance meetings will run from the 11th through the 16th.
This years conference will include programs and opportunities to expand your business and increase your productivity. Registrants will also be able to hear Condoleezza Rice, Sugar Ray Leonard and Daniel Shapiro. Learn more at http://www.realtor.org/convention.nsf/.
Originally published by ARELLO in their September 2009 Newsletter – Buyers trying to work with mortgage servicers on delinquent accounts have noted delays and frustration when they are trying to take advantage of mortgage loan modifications authorized by the “Making Home Affordable” program. To help, Freddie Mac recently released a YouTube™ video that helps homeowners to determine the documents they need in order to have a “focused” conversation with authorized loan counselors.
Freddie Mac says that lenders and loan servicers are being overwhelmed by contacts from homeowners in financial trouble who are seeking to take advantage of the new loan modification and refinancing programs. The new video entitled “Stop Foreclosure: Documents Your Lender Needs to Help You,” can be seen at Freddie Mac’s YouTube™ channel online by clicking here or watching below. The two-minute production shows late-paying borrowers how to gather a few financial documents before calling a mortgage servicer. This simple step can cut the time needed for a loan servicer to understand the borrower’s situation, determine eligibility for a workout and process the application for a loan modification under the “Making Home Affordable” program or Freddie Mac’s other workout initiatives.
According to the video, the key documents borrowers should have when they call their servicer include:
• Most recent monthly mortgage statement;
• Pay stubs or other documents showing their household’s monthly pre-tax income;
• Most recent tax return;
• Second loan or home equity line of credit statements;
• Account balances and minimum monthly payments on credit cards, car loans, student loans or other debt;
• A short, concise description of the financial hardship that is causing or leading to a mortgage delinquency.
Ingrid Beckles, senior vice president of default asset management at Freddie Mac. “By taking a few moments to gather these documents borrowers can help their servicer understand their financial situation and reduce the need for repeat calls”, she said.
In November of 2000 in San Francisco, ten REBAC members were inducted into the Hall of Fame and recognized for thier acheivements and committment to buyer agency. This year REBAC welcomes David Lewis, Richard Parke, Pat Strong, Dwayne Carte and the North Central Jersey Association of REALTORS®, our license provider honoree, to the 2009 REBAC Hall of Fame. 