This is a pic from the Greek Festival last week at Monterey. We had such a great time dancing to the beautiful Greek Music. The aroma of delicious foods filled the air and the artisan craft's captivated the senses. The friendly atmosphere made the experience seem like that of a family picnic. It was very inviting and fun.-John Fleet
The Barry Freeland Team has options if you are unable to remain in your home.
Do not let your home go into foreclosure!
Short Sale. A short sale is when you sell your house for less than the principal balance of the existing mortgage. Typically in a short sale, the homeowner is experiencing hardship, and the property may be listed for sale at less than what is owed on the existing mortgage.
One of the options that may be available to you is the government's Home Affordable Foreclosure Alternatives (HAFA) Program. HAFA provides additional options to avoid costly foreclosures and offers incentives to borrowers who utilize a short sale.
- You may be able to receive $3000.00 when short-selling your home.
- You may be entitled to a tax-forgiveness for the (ghost tax) created by the short-sale, due to expire Dec 31, 2012
thebarryfreelandteam@gmail.com or call us at (831) 449-4642
We know it can be difficult to understand all of these options and our job is to come up with the best solution. However, the more you know, the better informed you will be when making a decision regarding your home.
Contact The Barry Freeland Team at (831) 449-4642 for a free consultation.
What to Expect from working with Barry Freeland
If you decide to work with The Barry Freeland Team you can expect that we will work as your advisor and advocate. As your advisor, we will need as much information about your situation as you can provide so that we can present to you the best solution. As your agent, working with your mortgage company on your behalf, we need all the proper documentation to champion your cause. We will need documented information about your loan, your financial situation and your prospective income going forward. The more documentation you can provide, the more thorough the team can be in finding the best solution for your situation.
- Expect to spend time gathering the documents that we will need to evaluate your situation.
- Expect The Barry Freeland Team to cooperatively work with you and stay in frequent contact with you.
- Expect us to be a strong advocate and advisor for you every step of the way.
- Expect to get passed this temporary blip and on to a brighter path with assurance that The Barry Freeland Team will be there for you.
Loan Modification: The Ugly Truth
The following is an article that illustrates a situation that 'The Barry Freeland Team' has been keen to, and has been able to help many clients avoid.
We often use the metaphor of putting a band-aid on a deep cut:
"It may help with the bleeding for a minute, but if we could stitch it up right away, with sterile tools and antiseptics, and allow it heal properly; well let's just do that.
-Barry
I hope the following article from the S.F. Chronicle, 'Loan modifications often damage credit scores' by Carolyn Said, doesn't upset you too much.
Bare in mind that The Barry Freeland Team will be there to get you through the tough terrain and back to being the king or queen of the mountain:
Struggling homeowners who get a loan modification to reduce their mortgage payments are often unaware that it can seriously ding their credit score. Moreover, if they don't get long-term help, the temporary loan mod can bury them in a deeper hole of debt that increases the likelihood they'll lose their home.
That was the case for Victor and Patricia Mendez of Livermore. When demand began to slump for Victor Mendez's tile contracting work, he and his wife asked their bank, JPMorgan Chase, for a loan mod.
"They said, 'We can't help you until you're late,' " said Patricia Mendez. "It took a long time for me to get the guts to do that. I had never been late on anything in my life."
The Livermore couple eventually did stop paying their mortgage, believing that was their best hope.
Chase denied that it had urged the Mendez family to become delinquent. In a statement, it said: "We have no policy to advise customers to stop making payments, and we can find no indication that we advised this customer to stop making payments."
After several more months of calling and faxing in financial documents, the couple said Chase gave them a trial loan mod, temporarily reducing their payments.
Patricia Mendez said the couple made those trial payments for 10 months, while she took on a part-time job as a church secretary to improve their financial profile and Victor found extra work.
But at the same time, their credit rating steadily eroded as Chase first reported their missed payments and then recorded their trial payments as partial payments, she said. Credit card companies slashed their spending limits and raised their interest rates. The rate on one card jumped from 9 percent to 29 percent.
To read the entire article press here.
Believe me I know. It seems like the system is trying to keep you 'blue'.
The truth can be painful, but like that deep cut, lets fix it it the right way. I truely believe that you are capable of strong feats and can handle the truth so let us help you make the truth one of success and of regaining composure.
Call The Barry Freeland team right away and bringing you together with peace of mind will be your victory!
Office:(831) 449-4642 Mobile: (408) 602-1779
Thanks and have a great day!
