November 6, 2012
Realtors Speak out on Election Day…. CAR. Calls for Removal of Demarco at FHFA and George says Tell him about The Bush Tax Forgiveness Law… Do we Get an Extension or NOT?
March 7, 2011
A perspective client was interviewing me, and as I carefully listened to their story, they said they believed that they were a lost cause. The loan modification process had failed them, they had received all the foreclosure forms, starting with a notice to accelerate, then the Notice of Default. They believed in a few days the Notice of Trustee Sale would arrive. Was a HAFA short sale even an option?
Immediately Saint Jude came to mind. Where was their Hail Mary Pass that would land them safely in the end zone? Was there any chance they could save their home. What could I tell them and not create a false sense of hope. How could I explain that all the rules are “fluid”. All I could do was direct them to things to read, from points of authority. I believe my clients need to have the same information I have. Here is a report written by a few State Assembly Committees, nothing I have read more clearly shows the current situation (Click Here) and why it is fluid. There may even be a glimpse at what meaningful change if any is on the way.
All I could do was point to facts, yet none of the currently known facts pointed to a clear path, in fact they clouded the issue. In the Wall Street Journal March 5-6 2011, (the weekend edition) there is a story that says States Attorney Generals and other Government Regulators presented a 27 page document to the largest US Banks, last week, (keeping the document secret – why?) addressing proposed changes in mortgage collection practices.
I want to be able to tell my clients the foreclosure – short sale process has been fixed and all the rules will be followed, but the reality is the situation is still very fluid. One fact revealed in the WSJ article is the time taken to foreclose has grown. Two years ago the average time was 319 days and now the average is 519 days. This means more lost payments to investors including Fannie Mae and Freddie Mac who the Government is backing. So the argument is easily supported that this is falling on the TAX PAYER. Congress has to know this!
At this point I would love to throw that Hail Mary Pass and have it result in house saving success for all of my clients, who want to stay in their homes. But because I don’t even have the ball to throw, I say read and become informed. Then cover all the bases, say a prayer, prayers are free, and no one even needs to know you try to reach out to St. Jude, or any one else you think can help, I believe nothing is a lost cause. We all have to keep trying, and be as helpful as possible to our fellow-man. If you have a question , call me. I will give you the best answers I can to difficult situations, short sales are not easy.
All Marketing Done with the assistance of Kalabash Marketing
good night Mrs. Kalabash where ever you are!
George Kenner, Broker Associate Keller Williams Realty, Ca. Lic. 01229951
email@example.com – 619-723-5714
October 17, 2010
In the coming days there are going to be some changes at the collection of Mrs. Kalabash Internet sites that were built to help people understand Short Sales. We are stepping into the YouTube age, and will be answering questions in video format from our clients’ and the public around the United States. If you have a question by all means submit it.
Today I took a phone call from someone in Chicago that really wanted to keep their home, if it was at all possible. He told me “No one hears me when I call this my “HOME”. He like so many other self-employed people are doing all they can, holding on, waiting for the return of the economy. I talk to people daily who are praying for relief from the ROBO Signing Scandal. Homeowners making their mortgage payments, more and more frequently want to know when a Banker is going to go to jail.
I started to think about the emphasis this person was putting on home and I went to some of my video clips and decided to see if I could weave them together to show a picture of a “HOME” I want to show the pride we all have in our homes. You can tell me if I hit a cord, did I touch a heart.
In the next few weeks I hope to reach out and touch more of my community and even invite some change in the way we look at the HAFA Short Sale Program. Well, that whats coming now to the home video.
George Kenner, Broker Associate – Keller Williams Realty
Ca. Lic.# 01229951 619-723-5714
Get all your HAFA questions answered at www.HAFA.us
June 15, 2009
Being faced with selecting a professional in a less that positive situation can be stressful. I strongly suggest that you consider several things, with “RESPECT” for your difficult situation being the most important. Leaving a home is never an easy thing and someone sensitive to your situation can make all the difference in the world.
In years past I had a friend who went thought some hard times that were not of his making. He struggled as hard as he could to keep his home but he lost it in foreclosure. He was not only able to get back on his feet he was able to buy a better home than the one he had just a few years later.
Today in this down economic cycle he is doing fine. No one should judge you a failure in these hard times, transitions happen in life there can be no highs with out the lows to compare them to. Our human feeling for one another build hope and lead us to succeed once again. I guess what I am trying to say is find someone with true compassion for your situation and it will be easier.
Communication is important in a short sale transaction, there is an additional branch of communication so to speak, normally the bank is not involved, but in a “Short Sale” the bank is very involved. For that reason I would strongly suggest that if possible you find a Realtor with prior banking experience. This is not mandatory but it is a real good idea. Bankers use a special “Jargon” they have their own language and they will test you to see if your up to speed. If the Realtor you like does not have this experience I say go with your intuitive feelings, your gut will not lie to you.
In the market today you will find Realtors form teams to support each other. The demands on a good agent can remove any private or family life and that is not good for the agent or the client. If your going with a team, look at who the leader of the team is. Ask about the team leaders level of professional experience, that can be a good guide. I for one am always happy to talk to or meet with a client if I could be called upon to help.
This is the same thing that is frequently done for me when I am talking to lender clients. It is not unusual for the Corporate Vice President of our national company to come to a lender meeting with me. This instills confidence and provides a link in the case of an emergency situation. No one in real estate is better than the support that is provided to them. More frequently than not information about both the Realtor and his support staff can be found on their web sites.
Know who to call if you have a problem. Even thou I am a Broker with 19 years of experience I still tell my clients that there is someone else they can talk to if there is a communication problem.
Be cautious of anyone that is more focused on claiming they are an expert or specialist Chest pounding about how good they are and how worthless their competition is will not help anyone. Look for the person that has an understanding of your situation and takes the time to listen to you and your concerns. No two short sales are the same, you want an expert, an expert who will listen to you and try to accommodate your needs.