Government and lenders see foreclosure prevention efforts failing. Now for plan B. Or are we on plan H now?
WaPo reports that many banks (and even Fannie and Freddie) are learning that foreclosure prevention efforts aren’t reaching as many people as hoped, and are developing foreclosure alternatives.
Citigroup, for instance, plans to announce a pilot program on Thursday that would allow delinquent borrowers who don't qualify for or decline mortgage relief the opportunity to stay in their homes without making payments for up to six months before turning over the keys, in return for keeping the property in good condition. The bank estimates that up to 20,000 borrowers in Texas, Florida, Illinois, Michigan, New Jersey and Ohio could be eligible.
Susan Mekenney, ABR, CRS, GRI, of RE/MAX Allegiance in Alexandria, received the 2009 CRS of the Year at the Virginia Association of REALTORS'® (VAR) annual awards reception, held Feb. 18 in Richmond. The CRS (Certified Residential Specialist) designation is the mark of expertise and professionalism in residential real estate sales and marketing.
An associate broker, Mekenney has been an active member of the Northern Virginia Association of Realtors (NVAR) since 1994.
Elizabeth Kistler of Coldwell Banker Commercial in Harrisonburg named 2009 Ann Swearingen Residential Property Manager of the Year award
Elizabeth Kistler of Coldwell Banker Commercial in Harrisonburg is the 2009 recipient of the VAR Ann Swearingen Residential Property Manager of the Year award, presented Feb. 18 during the Virginia Association of REALTORS’ (VAR) annual awards reception in Richmond.
The award, named in honor of Virginia Realtor Ann Swearingen, is presented annually to a Virginia residential property manager in recognition of individual achievement in the industry.
This session covers the writing and presenting of all types of real estate agreements (sales contracts, representation agreements, leases, deposits, etc.). Approved for CE/PL. Additional info at www.VARealtor.com/GRI. Online registration
RI 402: Financing Alternatives - This course will cover financing options available for real estate transactions and provide you with the knowledge you need to handle more difficult deals. Approved for CE/PL. Additional info at www.VARealtor.com/GRI. Online registration
This session covers communications and negotiation techniques to help you close more deals. Learn how to identify different personality types, body language and effective negotiation strategies. Additional info at www.VARealtor.com/GRI.
This course is designed to familiarize the student with the various types and styles of negotiations and negotiators. This will be accomplished by using situations that Realtors® encounter daily. The student will leave the class with a logical plan to handle these situations. Approved for CE/PL. Additional info at www.VARealtor.com/GRI.
RI 410: The Code of Ethics IS Good Business - Includes a comprehensive review of the Code of Ethics, Case Interpretations and procuring cause as they relate to your everyday practice. This is not a list of “do’s and don’ts”, but rather, it is a plan for business success. Online registration