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James Williams' Blog

By James Williams | Agent in Kissimmee, FL
  • Foreclosure Deal of the Day

    Posted Under: Home Buying in Kissimmee, Foreclosure in Kissimmee, In My Neighborhood in Kissimmee  |  October 16, 2012 11:54 AM  |  790 views  |  No comments
    Check out this Foreclosure Deal of the Day:




    Thanks,

    James Williams III-REALTOR,  CRS (Council of Residential Specialist), ABR (Accredited Buyer's Representative), SFR (Short Sales & Foreclosure Resource), BPOR (Broker Price Opinion Resource),
    CDPE (Certified Distressed Property Expert), CIAS (Certified Investor Agent Specialist), & FSP (Five Star Professional-Short Sale & REO/Foreclosure Certified)






    P.S.
    "Oh, remember, by the way, I'm never too busy for any of your referrals."
     
    www.remax.com
    www.global.remax.com
    www.osceolashortsales.com
    www.jameswilliamsiii.remax.com
    http://MyFloridaHomesMLS.com/AllKissimmeeHomes
    http://search.allkissimmeehomes.mfr.mlxchange.com

    RE/MAX Premier Properties
    404 Broadway
    Kissimmee, FL 34741
    jameswilliamsiii@remax.net

    Cell: 321-402-6261
    Direct Fax: 407-965-2495
    Office: 407-343-4245
    Office Fax: 407-343-4246

    Get Pre-qualified Here:  (Click Below)
    https://www.chase.com/online/Mortgage/loan_officer_details.htm?URLSuffix=hector.m.reyes
  • 167,398 foreclosed Floridians could receive check

    Posted Under: Foreclosure in Kissimmee, In My Neighborhood in Kissimmee, Property Q&A in Kissimmee  |  September 26, 2012 4:30 AM  |  805 views  |  No comments
    167,398 foreclosed Floridians could receive check

    TALLAHASSEE, Fla. – Sept. 25, 2012 – Florida Attorney General Pam Bondi announced that about 167,398 Florida borrowers who lost their home to foreclosure would receive a claim form to determine if they deserve money under the $25 billion national mortgage foreclosure settlement.

    To be eligible, a homeowner must have gone through foreclosure between Jan. 1, 2008, and Dec. 31, 2011, and had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo – the nation’s five largest mortgage servicers.

    The settlement, which took effect in April, earmarked about $1.5 billion for 2 million borrowers nationwide. The amount of money any individual homeowner receives depends on the number of borrowers who participate.

    Claim forms must be returned by Jan. 18, 2013. Most should have already received a postcard saying they’re eligible, and the claim form with instructions should arrive within the next few weeks. Bondi urges people to return the forms as soon as possible, however. They can also be submitted online. 

    Bondi expects checks to be in the mail by mid-2013.

    Borrowers who have questions or need help filing a claim can call the settlement administrator toll-free at (866) 430‐8358 or email administrator@nationalmortgagesettlement.com. The information line is staffed Monday through Friday from 7 a.m. to 7 p.m. Central Time.

    “Payment won’t stop other legal claims.
Eligible borrowers do not need to prove financial harm to receive a payment, nor do they give up their rights to pursue a lawsuit against their mortgage servicer or to participate in the Independent Foreclosure Review Process being conducted by federal bank regulators,” Bondi says in a news release. “However, any payment received may reduce payments borrowers may be eligible to receive in any other foreclosure claim process or legal proceeding.”

    More information about the program under federal bank regulators is available atwww.independentforeclosurereview.com.

    Borrowers who did not receive a postcard notice but believe they may qualify should contact the settlement administrator.

    “Beware of scams,” Bondi says. “Borrowers should not need to pay anyone to file their claim. All homeowners should be aware of settlement-related scams. Do not provide personal information or pay money to anyone who calls or emails you claiming that they are providing settlement-related assistance. If you believe someone is conducting a settlement-related scam, contact the Florida Attorney General’s Office at (850) 414-3990.”

    © 2012 Florida Realtors®

  • Obama Calls for Changes to Make Refinancing Easier

    Posted Under: Quality of Life in Kissimmee, Home Selling in Kissimmee, In My Neighborhood in Kissimmee  |  May 15, 2012 12:57 AM  |  396 views  |  1 comment

    Obama Calls for Changes to Make Refinancing Easier

    DAILY REAL ESTATE NEWS | MONDAY, MAY 14, 2012

    Late last week, President Obama said more home owners are taking advantage of government programs to refinance into ultra-low mortgage rates, but there's still more Congress can do to make refinancing easier for home owners.

    Refinancing applications have soared 50 percent since October as more home owners seek to take advantage of refinancing programs. 

    President Obama, speaking in Las Vegas on Friday, said that legislation introduced by Democrats in the Senate seeks to remove additional barriers that would allow even more underwater home owners to refinance into new mortgages. The legislation includes waiving a requirement for home appraisals when refinancing, which can add to the costs of refinancing. Additionally, the proposals include expanding the refinancing program for home owners current on their mortgages who don’t have government-backed mortgages by Fannie Mae or Freddie Mac.

    Obama also has called on a proposal that would waive closing costs for refinancing home owners who apply their mortgage savings to their principal.

    “I’m calling on Congress to give every responsible home owner a chance to save an average of $3,000 a year by refinancing their mortgage,” President Obama said. Obama made his comments on Friday in Nevada, an election battleground state where six out of 10 home owners are underwater on their mortgages.

    Source: “Obama Returns to Topic of Economic Recovery,” The New York Times (May 11, 2012); “HUD: 3 Bills Will Complete Obama Refinancing Initiative,” HousingWire (May 11, 2012); and “Obama Touts Mortgage Relief in Swing State Nevada,” Reuters News (May 11, 2012)

  • Lobbying effort launched for long-term flood insurance

    Posted Under: Quality of Life in Kissimmee, In My Neighborhood in Kissimmee  |  May 8, 2012 6:13 PM  |  299 views  |  No comments
    Lobbying effort launched for long-term flood insurance

    WASHINGTON – May 8, 2012 – The American Insurance Association (AIA), the National Association of Realtors® (NAR) and other insurance and financial services groups launched a “Flood the Hill” campaign to advocate for a five-year extension of the National Flood Insurance Program (NFIP).

    NFIP currently expires May 31 – the start of hurricane season. The “Flood the Hill” campaign focuses on passage of a Senate bill that includes reforms. While the Senate Banking, Housing and Urban Affairs Committee passed the bill in September, the full Senate has not taken up the measure.

    The coalition of groups represents about 6.8 million members and employees, and the campaign will encourage them to contact legislators in support of the long-term NFIP extension. The campaign is also setting up meetings with lawmakers; using social media, paid advertising and media coverage; and issuing a joint letter of support for Senate action on the reauthorization and reform measure.

    “Since 2008, the NFIP has lapsed four times and Congress has passed 11 short-term extensions,” says AIA Vice President of Public Affairs Willem Rijksen. “Getting a long-term extension that includes reforms is important to 5.6 million policyholders who need a long-term extension for their continued protection and to address the uncertainty in the marketplace.”

    Supporters of the five-year reform package say that they’re optimistic that it can be passed with bipartisan support since more than 40 senators signed a letter of support and argued in favor of the legislation before the committee.

    Source: BestWire (05/07/12) Jeffrey, Jeff

    © Copyright 2012 INFORMATION, INC. Bethesda, MD (301) 215-4688


 
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