Posts Tagged ‘Rachel LaMar blog’

Don’t Foreclose Yet…You May Have Options!

Thursday, September 29th, 2011

With the economy in turmoil and people scared to make big purchases, the real estate business is undoubtedly challenged. In difficult times some people panic, and I see that happening amongst distressed borrowers, yet there is a process to the situation that you need to follow in order to have a chance to save your home and your credit. I have blogged on this topic before and it is worth repeating.

If you are in a distressed situation you need to approach it methodically, even if you don’t believe that there are options. Foreclosure should be the last resort. Here are some steps you can take to try and avoid it:

1.  Contact your lender. I know this sounds horrible, but you need to start somewhere. Some lenders, like Bank of America, actually have been stepping up to help people avoid foreclosure. You need to have all pertinent information ready when you call – your loan number, employment information, bank statements, etc. You want to see if you can qualify for a loan modification. This will take some time, but you need to get the ball rolling sooner rather than later, as soon as you discover you are unable to pay your mortgage or if you have a change of circumstance.

2.  Contact a counselor if your bank cannot help you. There is a wonderful free counseling organization called HopeNow that can help you evaluate your situation and see what options may be out there for you to peruse. You can reach them at 888-995-HOPE. You can find them on the web at http://www.HopeNow.com.

3.  Investigate ALL other possible options. If you are in the military, there are options that may be available to you. You may be able to qualify for a deed in lieu of foreclosure, refinancing, postponement, or a reverse mortgage if you are older and have equity in your home. There are stalling tactics you may be able to use while you find a way to get yourself on track. There are government programs that may help you if you are unemployed. Investigate all options, but do not feel overwhelmed. If you speak with your lender or a counselor you can whittle down the available options.

4.  Short sale. When there is no other option a short sale is better than going through foreclosure. You need to speak with an experienced agent if you are considering this option. Make sure you understand all tax and credit consequences – speak with your accountant or an attorney. Many lenders will bless short sales, and it is a good idea to work with someone experienced because they can try to get lender approval at the get-go. Some lenders are even evaluating homes now and telling the homeowners what price they will accept on the short sale BEFORE the home is listed. You may also qualify for programs like HAFA (Home Affordable Foreclosure Alternatives Program), which allows you to collect up to $3000 from your lender toward moving expenses.

It is important to understand the foreclosure laws in your state and the consequences they carry. If you are having difficulties with your mortgage please do not just give up – you need to try and find a solution before succumbing to foreclosure. Do not walk away from your home either, as that is a voluntary foreclosure. If you spend a little time you may find a solution that lets you avoid foreclosure, so hang in there.

If there are any distressed property issues you would like to see addressed in this blog, please let me know in the comment section below. If you do not see the comment section, simply click on the title to this blog and then scroll back down.

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What’s Happening in Carlsbad This Spring?

Wednesday, April 6th, 2011

There is a lot to do this Spring in Carlsbad, the beautiful Village by the Sea. Here are some of the great events and places you can enjoy:

The Flower Fields: The rununculas are in bloom and spending time at the Flower Fields is always fun and beautiful. Open daily from 9 a.m. to 6 p.m., there is so much to do at the Flower Fields–wind through the sweet pea maze, mine for gem rocks, spend time in the play area, see a performance and walk the fields or take a hay ride. For more information visit http://www.theflowerfields.com/index.html.

Trail Volunteer Event, April 9: Join local nature lovers in another great trail clean up event from 8:30-11:30 at the Calavera Trails. Meet at the Leo Carillo Elementary School in the west parking lot. For more information call 760-434-2978.

Challenge Golf Event April 17 at the Crossings: If you love to golf or know someone who does, get ready for a scramble golf tournament at the crossings. Starting time is 8 a.m. and the cost is $85 a person or $70 for Crossings members. For more information visit http://www.thecrossingsatcarlsbad.com/layout10.asp?id=182&page=9089

Eggstravaganza, April 23 10:00-1:00 at Poinsettia Park: Stop by Poinsettia Park for some great fun for the children, including an Easter egg hunt, crafts, bounce house, a slide, a fun zone, a chance to “soak the bunny,” and photos with the Easter bunny. To participate in this event you must purchase a prepaid $5 card. The cards can be purchased April 18-22 at the following locations only: Calavera Hills Community Center, Harding Community Center and Stagecoach Community Center. Purchases must be made in person and are non-refundable. Food and drinks will be available for purchase at the event.

Arbor Day Celebration April 30 8:30-10:30 at Poinsettia Park: Come on over and help plant trees and learn all about Arbor Day from local garden centers, tree experts and vendors. For more information and to download a volunteer application prior to the event, visit http://www.carlsbadca.gov/services/departments/parksandrec/Pages/arbor-day.aspx

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How To Get Through the Holidays Without Breaking the Piggy Bank

Friday, December 10th, 2010

The holidays are a wonderful time of year, but they can also be stressful when it comes to gift-giving, especially when the budget is tight. There are a few different types of gift-givers, but no matter which one is more like you there are solutions to keep you stress-free and finish the year with money in the piggy bank.

The Over-Gifter: This person loves the holidays and loves to give gifts. Her list usually includes everyone she can think of, and this can cause her to get into trouble with spending. To combat this problem, it is imperative to set a budget and prioritze, then stick to it. A great option is creative gifting. Focus on ideas that can be packaged beautifully but will leave a big impression–bake cookies or make homemade candies, ornaments or frames, then wrap them up with beautiful bows or in colorful containers. People love creative gifts and they allow you to include everyone in your gifting without breaking the piggy bank.

The Procrastinator: This person doesn’t like the hustle and bustle, the traffic, the come-hither ads that lure people into stores, thus he tends to be a procrastinator. The problem with procrastination at this time of year is that you may end up spending more than you would have had you shopped early. An easy solution is to make a list and set a budget, then either shop online or purchase gift cards. It’s painless and simple.

The Self Gifter: Self gifters get caught up in all the great sales and end up purchasing gifts for themselves. The obvious problem is that your budget is blown and come January your are in debt. The key here, like above, is to set a budget and stick to it. It’s ok to give yourself a personal spending allowance when you are out shopping, but you have to be vigilant in not going over the limit.

No matter how many gifts you have on your list it is not difficult to get through the holidays and end up with money in the bank. It just requires making lists, setting a budget and sticking to it. There are so many great gift ideas out there that don’t involve spending a lot of money, so get creative, shop wisely and remember to have fun.

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Get Tech-Savvy in Carlsbad!

Tuesday, November 2nd, 2010

Want to learn how to use Twitter, Google, Skype or Facebook? Curious how to hook up your computer to your television, or how to use Windows 7 to view movies on Nexflix?

If you have been looking for ways to get caught up with what’s going on on the internet, or even just learning to use Windows and other computer functions then you are in luck. The city of Carlsbad is offering a slew of computer classes at the Senior Center, beginning this week. All ages are welcome and there are many classes to choose from. To learn more and see the schedule visit http://classweb.ci.carlsbad.ca.us/Activities/Activities.asp?SCheck=955819838&SDT=40484.4114581019 and click on “Computer Classes.”

Happy learning!

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