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Old 05-19-2007, 09:25 PM
 
Location: Living in Paradise
5,702 posts, read 22,271,305 times
Reputation: 2987

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An avenue if you need help...A Cape Coral agency has money to help people facing foreclosure notices. Lee County could have plans to do the same by end of June.

The help remains restricted to defined income levels and doesn’t promise to save all residents who may have made loan choices with escalating mortgage rates.

Those who do qualify are people in an income bracket at or below $40,300 for a family of three, she said.

“We have $70,000 set aside to help people in a foreclosure prevention fund,” said Bonnie Timberlake, executive director of the Cape Coral Housing Development Corp. “We helped two people last year; this year we have eight who applied so far.”

A person who might be eligible is someone with medical emergency and behind on payments. A family whose wage earners have lost their jobs also could be candidates.
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Old 05-20-2007, 12:57 AM
 
Location: So. Dak.
13,495 posts, read 34,084,917 times
Reputation: 15063
Well, it looks like it's a start or a "bandaid" so to speak. Do you know what they're doing? Such as~do they catch up the mortgage payments for you and then you're on your own again? I totally believe that something is better then nothing, but still feel that more needs to be done at a state level.
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Old 05-20-2007, 06:19 AM
 
Location: Living in Paradise
5,702 posts, read 22,271,305 times
Reputation: 2987
Quote:
Originally Posted by Jammie View Post
Well, it looks like it's a start or a "bandaid" so to speak. Do you know what they're doing? Such as~do they catch up the mortgage payments for you and then you're on your own again? I totally believe that something is better then nothing, but still feel that more needs to be done at a state level.
Is based on the case, but as you said is better than nothing....
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Old 05-20-2007, 07:02 AM
 
Location: Living in Paradise
5,702 posts, read 22,271,305 times
Reputation: 2987
Lightbulb Accessible housing

A problem with the lack of affordable, accessible housing for so many people with disabilities in Central Florida. People with disabilities want the same things everyone wants: friends, family, a fulfilling job and a decent place to live.

Example: the waiting list to get into The Oaks apartments, designed for people with disabilities, is a year long or longer. This is unacceptable in a city like Orlando, which aspires to be a top-tier city in the state and nation.

Remember, great cities are not judged only by their sports teams or their performing-arts centers, but also by how they treat their fellow citizens. Let's see community leaders also champion the cause of affordable, accessible housing for people with disabilities.
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Old 05-20-2007, 08:42 AM
 
1,257 posts, read 4,066,212 times
Reputation: 1018
I guess money used will be from everyone's property tax. This kind of strategy is a temperorary solution. IMO, waste money, pass the burden to everyone else and in turn, facilitate more forclosure. If property tax can be reduced, it would help everyone and stabilize housing market. If not, no amount of money can fix the situation.
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Old 05-20-2007, 09:50 AM
 
Location: Heartland Florida
9,324 posts, read 23,819,164 times
Reputation: 4901
HANDS OFF! Let the market crash HARD!!! Prices will have to fall and speculators will get burned. I am against all government subsidized housing. A better way was the current government-backed mortgage industry but look at how the crooks used it to their advantage. Tahe heart, even if the RE market drops like a rock it WILL recover. Also note the great deal this couple would have gotten on this really cute new home!


http://www.youtube.com/watch?v=KlkOP...elated&search=

$96,000.00 in today's dollars, where can you get a deal like that now??
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Old 05-20-2007, 10:06 AM
 
7 posts, read 18,062 times
Reputation: 11
I find it odd that 3 years ago the legislature of florida were discussing with major corportations including biotech companys(scripps etc..) regarding the new growth in FLorida and how to combat the low percentage of under 40 workers to fill need for jobs and new familys to create stimulation in market and homes. Then suddenly tax, insurance rise drastically and above 50 start moving. Selling land and mobile home projects and heading to Carolinas, kentucky and Georgia. Last 5 months SC had over 4k residents register from florida over the age of 55. Hmmmm..Then the builders, developers and corporate company growth increased. PSL not ready for the growth, city not able to handle it's own balooning of it's own systems. Realtors freaked eveyone out and the NATIONAL news scared the public moving here with hurricane increase news. Being from Maryland and the north and stationed all over country when in army. And normal traveling meeting ppl all over i know this had enormous effect on buyers coming.

But......The 1000 people a day had already started coming..Builders were finishing lots of condos, rentals, and new homes. The old were already leaving and selling low. Since they bought 20 years ago. The market hit a brick wall with foreclosures, increased closing fees(see above), freaked out homeowners, and unorganized communties. Instead of holding fast everyone freaked out. This situation was maybe planned in my opinion...
In the end. There are still 1000 ppl a day coming to florida. The olderly have opened up new properties to new homeowners. New jobs created with new workers who can now afford homes(familys) The one who couldn't afford their houses who weren't comtributing to our economic growth have fled. More financially stable homeowners are buying houses. Less buying what you cannot afford therefore more money to spend on our economy. And it's an election year so soon certain politicians will greatly benefit by being the saviors of the market. Then, the market values will slightly rise. Propety and insurance taxes lowered. The economy gets boost. Noone will notice other costs increasing. Builders will build cheaper and better homeowner financial friendly homes. AND NOW we have ourselves a smart, financially stable, and thankful voter......just a rambling of a possible scenerio...
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Old 05-20-2007, 10:09 AM
 
2,141 posts, read 6,350,666 times
Reputation: 588
Quote:
Originally Posted by Jammie View Post
Well, it looks like it's a start or a "bandaid" so to speak. Do you know what they're doing? Such as~do they catch up the mortgage payments for you and then you're on your own again? I totally believe that something is better then nothing, but still feel that more needs to be done at a state level.
And yet we want to cut taxes, where will all this money come from? This is such a mess. It is a band-aid what about next month or year ?
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Old 05-21-2007, 03:47 PM
 
Location: Living in Paradise
5,702 posts, read 22,271,305 times
Reputation: 2987
Post Foreclosure 'rescue' firms could take title to your home

Be in the lookout, they want your homes: Nationwide, homeowners have increasingly responded to foreclosure rescue offers, according to a report conducted by the National Consumer Law Center, a Boston-based consumer advocacy group. Some rescue firms, the report said, use pressure tactics, telling homeowners there's little time left to act while keeping them in the dark about the legal process and their rights.

Consumer advocates say many homeowners don't understand the complexities of real estate law or how to check the background of a company that promises to save them from foreclosure. Foreclosure rescue companies are not licensed by the state or county, so it's unclear how many operate in South Florida.
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