My New Blog

  FORECLOSURE FRENZY

Just when you thought you may have had a handle on the Foreclosure mess a new law emerges or a new program is born.  Does the word Bail Out ring a bell or how about Stimulus Package, or Hope Now Program?  It doesn’t appear the government can get it straight how do they expect a consumer to. 

I guess we should all feel better that Florida is not number one in rankings but takes second place to California.  Despite the fact that according to Realty Trac the number of Florida properties with foreclosure filing in 2008 more than doubled the state total from the previous year. The bottom line is we have a mess on our hands and something needs to be done now.

I always loved the catch phrase by Syms Clothing Store; “an educated consumer is our best customer.” As far as I know they are still up and running and must have a lot of educated consumers.  I think we all need to educate ourselves when it comes to foreclosures.  If not you, I am sure you know someone who is or will be facing foreclosure at some point.  It is a grim reality, and you need to know your options. 

Most homeowners do not know who to turn to and get so frustrated that they either do nothing and let the bank take their home to auction or try and work out a plan with their lender. Ever try calling your lender?  If you really want to ruin your day this is a great way to do it.  That is if you reach them and do not get cut off 3 times, transferred to the wrong department twice and finally get someone on the end of the line in India. Most of the time you will find out they are not willing to do much and can make the situation more stressful! As for the most part they are not the most pleasant people to deal with.  Who can blame them, they get a ton of calls each day and usually get yelled out by most.  I wonder why the lenders keep losing their employees. Most of them would rather get a root canal then stay at their jobs.

Ok, I may sound a little harsh, but unfortunately it is the truth. I deal with the banks on a daily basis and experience this first hand almost daily.  The Foreclosure Frenzy does not look like it is going to get better any time soon. I made it my mission 4 years ago to help in any way I could after going on listing appointments and finding out the homeowner was so confused  when facing foreclosure they were just ready to throw in the towel.  Can you imagine 4 years later how many more homeowners are dealing with these issues?  As most of us, I couldn’t even imagine the mess that would lie ahead.  A small voice in my ear told me back then to get ready.

Let me introduce myself, my name is Jeanne Hessen and I am a Realtor with Real Estate II located in Coral Springs. I also own a Company called Home Solutions.  I created Home Solutions 4 years ago when I saw the need emerge to help educate Home Owners on their different options when facing Foreclosure.  To get your questions and concerns answered you can visit my website at HOMESOLUTIONSBYJEANNE.COM.  I have created a FAQ section which answers questions like: What is a short sale? - A short sale is a process in which we negotiate a discount from a financial institution for a mortgage it is holding.  The short sale transaction is lengthy and negotiations involve a significant amount of paperwork and time.  It is very important that the Realtor that is handling your short sale has the experience and expertise required.  It has been our experience that most Realtors, attorneys & title companies that represent themselves as experts have very limited experience.