Category Archives: Events

Register Now for the 2014 San Francisco Housing Expo

Register Now for the 2014 San Francisco Housing Expo

Register Now for the 2014 San Francisco Housing Expo

SAN FRANCISCO HOMEOWNERSHIP RESOURCE FAIR

HomeowenershipSF presents their annual Housing Expo this coming June 14.

The expo will offer information and resources for both perspective home buyers and current homeowners.

Current home buyers will be able to get the latest information about down payment assistance programs, credit tools and special mortgage products. Buyers will also be able to tour affordable homes for sale. Be sure and book the tour early because last year the tour booked up quickly.

For current homeowners, the expo will offer counseling and on the spot loan modification services for those in distress or suffering a hardship. The program will also include updates from Keep Your Home CA as well as other programs such as the CA Homeowners Bill of Rights to help avoid foreclosure.

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Filed under California, down payment assistance, Events, Foreclosure, Loan Modifications, Mortgages, San Francisco

San Francisco Earthquake Retrofit Fair

San Francisco  Earthquake Retrofit Fair

San Francisco Earthquake Retrofit Fair

Most scientists will tell you that it is a matter of when not if?

What are we talking about?

Another recession?

Real estate bubble bursting again?

We’re talking about an earthquake. Besides humans needing to be prepared so to do buildings especially in San Francisco. With that in mind San Francisco presents Earthquake Retrofit Fair today (January 28, 2014) 3 PM – 7 PM at the Bill Graham Civic Auditorium.

Questions about retrofitting your property?
Have to comply with the new Mandatory Soft Story Ordinance?
Need to select a design professional, lenders, or contractor?
Are you a property owner looking to make your building safer?

WHAT TYPES OF BUILDINGS?

  • Wood frame construction (Type V), and
  • Application of permit for original construction was prior to January 1, 1978, and
  • Five or more residential units, and
  • Two or more stories over a basement or underfloor area that has any portion extending above grade, and
  • A soft story condition that has not been seismically strengthened to the standards set forth in the ordinance.

SUBJECT BUILDINGS

All San Francisco buildings that are wood-framed, permitted for construction prior to 1978, contain five or more residential dwelling units and are three or more stories or two stories over a basement or underfloor area that have any portion extending above grade, and have not yet been seismically strengthened.

REFERENCES AND REFERRALS – ENGINEERS AND CONTRACTORS 

We will be at the event but if you are not able to attend then contact us and we can refer qualified engineers.

Photo courtesy of Wikipedia

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Filed under California, Events, San Francisco

CA Homeowners Have More Power Against Banks Thanks To Homeowner Bill Of Rights

CA Homeowners Have More Power Against Banks Thanks To Homeowners Bill Of Rights

CA Homeowners Have More Power Against Banks Thanks To Homeowners Bill Of Rights

Homeowner Take On Banks In Court For Dual Tracking And Foreclosing

When the California Homeowner Bill of Rights came into effect in January of this year, many advocates cheered, and of course the banks were not so pleased. Even though the law took effect few people saw any immediate effects. We heard from several non-profit counselors and homeowners that banks continued to dual track homeowners, offer multiple points of contact and break the terms of the law.

The California Homeowner Bill of Rights offers protection for the homeowners but what options do homeowners have if the banks don’t comply? Take it to the courts. In the past, homeowners didn’t have many options if banks dual tracked then foreclosed. Even if you could find an attorney to take the case, many judges would throw the case out. One of our attorney colleagues mentioned recently that in the past Contra Costa judges had been particularly reticent to halt foreclosures or entertain dual tracking cases but with the new law things have changed.

One story (see link) tells the story of a San Luis Obispo County couple who came out victorious in a million-dollar-plus settlement against OneWest Bank, IndyMac Mortgage Services, U.S. Bank and GSR Loan Mortgage Trust after the servicer foreclosed on their home and a rental property while the couple negotiated a loan settlement with the servicer. People often refer to this practice as “dual tracking”.

Attorney Specializing in CA Homeowner Bill of Rights Will Speak at the San Francisco Housing Expo

This case and a few others will now doubt offer homeowners a better opportunity to take on the banks for wrongdoings as part of the Homeowner Bill of Rights.

One attorney specializing in the California Homeowner Bill of Rights will be speaking at the San Francisco Housing Expo October 26.

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Filed under Banks, California, Events, Foreclosure, Loan Modifications, San Francisco

Upcoming 2013 San Francisco Housing EXPO

Upcoming 2013 San Francisco Housing EXPO

Upcoming 2013 San Francisco Housing EXPO

SF Housing EXPO Offers Resources For Current And Future Homeowners

After a one year hiatus, HomeownershipSF presents the upcoming HomeownershipSF Housing Expo. The free expo will present information opportunities for future and current homeowners. HomeowershipSF partners with the Mayor’s Office of Housing the five member agencies, Asian Inc., Consumer Credit Counseling Service of SF, Mission Economic Development Agency, SF Housing Development Corp. and SF LGBT Center to promote affordable housing in the city.

For those who don’t work at Google, Facebook or Twitter and may be thinking that affordable homeownership in San Francisco represents an oxymoron of epic proportions consider that possibilities do exist for low to medium income San Franciscans. Come to the expo to discover about city, state, and federal down payment assistance programs, as well as special loans for veterans, emergency first responders, and teachers.  Keep in mind that Below Market Rate (BMR) properties have become available again.

Expo Also Offers Info For Current and Distressed Homeonwers

In addition to workshops about buying a home, the expo will offer workshops for current owners. Although the San Francisco real estate market continues to rise at a steady pace, some current owners still face distressed situations. The expo will offer sessions to educate homeowners about many topics including the important California Homeowners Bill of Rights as well as updates from Keep Your Home California.

Although the expo is free, it is a good idea to register in advance due to the limited capacity of some workshops.

To register click on the link here

October 26, 2013

10:30 am to 5:30 pm

At St. Mary’s Cathedral

1111 Gough St., San Francisco 94109

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Filed under California, down payment assistance, Events, San Francisco

2013 San Francisco Housing Expo Coming In October

housing sf flyer-1For anyone out there who thinks:

A: It’s impossible to buy a home in San Francisco unless you work at Google or Facebook or

B: That foreclosures and foreclosure prevention does not exist anymore in San Francisco,

might consider attending the HomeownershipSF FREE RESOURCE FAIR FOR CURRENT AND FUTURE HOME BUYERS

For those wishing to purchase a home in San Francisco we have listed a number of items that will be included in the free event

Find out about down-payment assistance programs

Tour available Below Market Rate (BMR) properties

Learn about special products and services for Veterans, persons with disabilities, and Union members

For CURRENT HOMEOWNERS who may be having difficulty dealing with their servicer, making mortgage payments, trying to save their home or finding out of the box solutions may wish to attend as well.

The expo will include:

Negotiate directly with servicers to modify your home loan

Meet with a certified Keep Your Home CA counselor

Find out about grants and low interest loans for needed home repairs

Connect with resources to support your financial well being

Those wishing info before the event can feel free to contact us for assistance and information.

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Filed under Banks, California, Events, Foreclosure, Loan Modifications, Mortgages, pre-foreclosure, San Francisco

NAHREP Conference In Oakland – Part Two

NAHREP Conference In Oakland - Part Two

NAHREP Conference In Oakland – Part Two

More Takeaways From The California Homeowner’s Bill of Rights

Last week we attended the NAHREP conference in Oakland and because they event had so much information we split the post into two parts. Here in part two, we head back to the same panel that highlighted the Homeowner’s Bill of Rights with Stan Wieg (Legislative Advocate for C.A.R.) and Fabian Casarez (Broker/Homeowner Advocate).

Some of the homeowner info that the panel discussed involved the process and trends of loan modifications. Banks now offer more time typically 4-6 months on the front end and less time on the back end, which means that the banks will typically provide more time before starting the foreclosure process but homeowners will typically see fewer scenarios where you see postponement after postponement. Once the bank files an NOD (Notice of Default) the odds that it will foreclose rise.

The panel also discussed that per the recent legal settlements with the state attorney general banks will be forced to allocate 20 billion dollars through principal reduction, loan modifications, etc) California homeowners should benefit from this money although the banks have been known to “cherry pick” about which homeowners and situations they offer funds to.

HAFA 2 And Local California Laws

They also mentioned how HAFA 2 has quietly taken effect (February 1, 2013) which brings slight variations to the previous version including:

One of the more interesting tidbits of info involved banks and local laws. Like most companies, banks outsource many of their employees and that includes short sale negotiators. Ocwen and other banks hire short sale negotiators in other countries. In one instance, the Ocwen negotiator broke CA law when they foreclosed after issuing a short sale approval. In this case, the bank rescinded the foreclosure. The takeaway here is the banks don’t always know local laws and a good short sale agent will.

Don’t ever give up even after a foreclosure.

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Filed under Banks, California, Events, Foreclosure, Loan Modifications, short sales

NAHREP 2013 Real Estate Educational Event

NAHREP 2013 Real Estate Educational Event

NAHREP 2013 Real Estate Educational Event

2013 Real Estate Business Development Rally In Oakland

The NAHREP Bay Area events normally bring an interesting crowd and even more importantly education and dialogue. The 2013 Real Estate Business Development Rally in Oakland focused on a number of topics important to real estate consumers including trends in the real estate market, short sale changes, limited inventory, tax strategies, and political changes necessary to bring more aid to real estate homeowners and buyers.

Although the event contained several solid panels, the session about the Homeowner’s Bill of Rights proved to be one of the most informative and educational. Much of the success of this session can be attributed to the two panelists Stan Wieg (Legislative Advocate for C.A.R.) and Fabian Casarez (Broker/Homeowner Advocate).

One of the highlighted topics involved the ongoing loan modification situation for homeowners. The fact remains that many people are “under qualified” (such as those with little or no income) or “over qualified” with too much income.  Along those same lines, the panel discussed that about 1.35 million homeowners who received modifications that about 35 to 45 percent won’t qualify to be re-qualified in the next year.

Loan Modifications Re-Default Rate Stands At 85 Percent

In that same realm, the re-default rate for loan modifications stands at about 85 percent (within five years) which represents a number that most of the banks have reported. Homeowners should keep in mind a couple things when attempting to obtain a loan modification. The bank gets two things from you:  1- Your money (even for a trial modification) they collect more of your money. 2- Your Information. And we all know how valuable information can be, especially financial information.

We will offer more info from the NAHREP event in a separate post.

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Filed under Banks, California, Events, Loan Modifications