Archive for February, 2011

Keep Your Home California – CalHFA Mortgage Assistance For Unemployed Homeowners

Thursday, February 10th, 2011

Here’s some good news for unemployed homeowners in California who are struggling to pay their mortgage…..

CalHFA’s plan to use nearly $2 billion in federal funding to help families in hardship with their Keep Your Home California programs, has been approved by the U.S. Treasury Department.

The programs focus on assisting low to moderate income families stay in their homes when possible, and leveraging additional contributions from mortgage servicers.

Primary objectives for CalHFA’s Keep Your Home California programs include:

– Preserving homeownership for low and moderate income homeowners in California by reducing the number of delinquencies and preventing avoidable foreclosures

– Assisting in the stabilization of California communities

Each program is designed to address one or more aspects of the current housing crisis by doing the following:

– Helping low and moderate income homeowners retain their homes if they either have suffered a financial hardship such as unemployment, have experienced a change in household circumstance such as death, illness or disability, or are subject to a recent or upcoming increase in their monthly mortgage payment and are at risk of default because of this economic hardship when coupled with a severe decline in their home’s value.

– Creating a simple, effective way to get federal funds to assist low and moderate income homeowners who meet one or all of the objective criteria described above. Speed of delivery will be balanced with fulfillment of the specific program’s mission and purpose.

– Creating programs that have an immediate, direct economic and social impact on low and moderate income homeowners and their neighborhoods.

As with most financial assistance programs, Keep Your Home California has a few restrictions:

– The Keep Your Home California programs are only available to homeowners whose mortgage servicing company agrees to the terms and conditions governing the use of the allotted funds.

– A homeowner cannot receive assistance if their mortgage servicer has not signed an agreement with CalHFA MAC. You can find a list of participating servicers and which programs they are currently offering here: Participating Servicers

Find out more about these CalHFA programs at the official Keep Your Home California website: http://www.keepyourhomecalifornia.org/ Or call Toll Free 1-888-954-KEEP (5337)

The Winner’s Way to Plan a Fantastic Garage Sale

Wednesday, February 2nd, 2011

Most people want to know ways to make a little extra profit every now and then. Other times, you might find yourself with a need to rearrange your life. If you want to organize your possessions, and make a little extra cash while you’re doing it, consider having a garage sale. To have a successful event, follow these simple ideas.

Every worthwhile garage sale begins with a good plan. The first thing to do is to put similar items together. People who like being at your garage sale will probably need a place to sit down and rest a bit, so some extra chairs will be a good idea. Tables are needed to show off your merchandise. Ask your friends or neighbors if they have extra. One thing you don’t need is people complaining because of having to reach down to look through piles and boxes of stuff.

Advertise. Try to advertise well ahead of your garage sale. The importance of flyers cannot be overstated. Place them wherever you can. Remember, the smaller businesses often have a community bulletin board where you can post information about your garage sale. Be sure to check with the management at nearby apartment complex; see if they will let you put flyers near the occupants’ mailboxes. Each flyer should have the key information needed to find your garage sale, including the address, day, date and time and address, and a hint at what you have for sale. If you can, make certain to give a rain date in case the weather doesn’t cooperate.

Decide on Prices. It is much easier in the long run to get this done well in advance. It is very disconcerting to have a crowd of people flood you with questions about prices because you don’t have the prices marked on your stuff. You might try using colorful tags so shoppers can immediately see the price for each item.

As a guiding principle, always try to make the sale. After all, the goal is to rid your home of this unnecessary stuff. During the day of the sale, make certain to lower the prices incrementally.

At the end of the day, consider lowering the prices to significantly lower levels to get everything out of there. Any items left over can be given to a charity. If you itemize, all your donations are tax deductible.

When you want to check out real estate in Broomfield, try the Colorado real estate specialists, Automated Homefinder.