There has never been a more affordable time to buy a home!

In the year 2012 – 39% of people were 1st time homebuyers. Their primary reason for purchasing was a desire to own a home, or move up to a larger one, or take advantage of the home buyer tax credit.

Home sales are up 9.2% to 4.65 million in 2012 from 4.26 million in 2011.  Annual sales levels are now close to 2007 levels.

The year ended on a strong note w/a 12.8% increase in the monthly annual pace of sales from December 2011 to December 2012.

Home Prices – Median home prices are up 6.33% to $176,600 – if prices followed a 4% appreciation rate each year, the median price would be $231,683. This implies prices may still be 23.8% undervalued, based on the trend line.

International investors are coming into the market – bringing cash  – I recently listed a short sale and we had over 30 all cash offers – many over asking!

The monthly supply of inventory is very low in most markets in California and subsequently, after a sharp decline, new home building is picking back up as inventory falls.

Mortgage rates hit a record low for the year 2012 at 3.66% – the Federal Reserve has kept Treasury rates low in an effort to boost the economy. Interest rates will go up and will be forced to as the market goes up….

Gross Domestic Product – 2012 marks the third year of
positive growth while inflation remains close to the 2% target rate but it should
be going up in a shorter time period in the next couple of years.

Now is the time to make a purchase, whether you are investing or buying your first home.  It will be an investment of a lifetime!

#1 Real Estate Company in the United States!

Keller Williams Realty Now #1 Real Estate Company in the
United States by Agent Count

Company also announces franchise
expansion into Germany, Austria, Switzerland, and Turkey
DALLAS, TEXAS (February 17,
2013)
— Keller Williams Realty, Inc. announced today that it is the
largest real estate franchise company by agent count in the United States, with
approximately 80,000 associates. In recent years, Keller Williams Realty has
posted record growth numbers, surpassing RE/MAX, Century 21, and now Coldwell
Banker to secure the industry’s top position. The news, based on publically
available information as of February 6, 2013, was announced in front of more
than 10,000 Keller Williams associates during the company’s annual convention in
Dallas, Texas.
During his standing-room-only, annual
State of the Company address, CEO Mark Willis made the announcement, stating,
“Keller Williams associates: We are one family. We have one destiny. We share
one thing…We are America’s #1 real estate company by agent count!”
Willis also reported strong
productivity gains by Keller Williams associates in 2012. Year over year,
per-agent units increased 23 percent, closed volume was up 31 percent, and gross
commission income rose 28 percent. Moreover, a record 91 percent of the
company’s offices were profitable for the year. The company also announced its
final profit share total for the year, which added up to more than $55 million
in profits distributed to Keller Williams associates – an increase of 44 percent
over the previous year.
Keller Williams Realty President Mary
Tennant updated attendees on the company’s charitable 501(c)(3) entity, KW
Cares, which in 2012 awarded $2.7 million in grants to associates and their
families in need.
And finally, Keller Williams
Worldwide President Chris Heller announced plans to expand into two new regions:
(1) Germany, Austria, and Switzerland; and (2) Turkey. The company previously
announced global franchise agreements in Vietnam, Indonesia, and Southern
Africa. Heller also extended a big welcome to more than 70 international guests
who were visiting from 18 countries.
“One of the keys to Keller Williams
Realty’s phenomenal success has been our ability to grow organically – from
agent to agent, from market center to market center, from country to country –
earning our reputation one person at a time,” Heller said.
Willis’
presentation was followed by a 30th anniversary party. The No. 1 announcement
and celebration capped a remarkable year for the Austin, TX-based company:

  • J.D. Power and Associates ranked Keller Williams “Highest in Customer
    Satisfaction” among both home buyers and home sellers.*
  • Keller Williams was ranked No. 9 on America’s Top 150 Workplaces – the only
    national real estate company on the list.
  • And in April, Keller Williams co-founder and bestselling author Gary Keller
    will publish his latest book, The ONE Thing: The Surprisingly Simple Truth
    Behind Extraordinary Results
    .
Willis thanked associates and
implored them to “Never back down” from their new position as the largest real
estate company in the United States: “Let’s celebrate tonight, but watch out,
competition. Tomorrow we’re going to be working harder than we’ve ever worked
before. The real prize we’re pursuing is to be #1 in agent count and
transactions and volume all across the world!”
# # #
*Disclaimer: Keller Williams
received the highest numerical score among full service real estate firms for
home buyers and home sellers in the proprietary J.D. Power and Associates 2012
Home Buyer/Seller StudySM. Study based on 2,994 total evaluations measuring five
firms and measures opinions of individuals who bought or sold a home between
March 2011 and April 2012. Proprietary study results are based on experiences
and perceptions of consumers surveyed March-May 2012. Your experiences may vary.
Visit jdpower.com
About Keller
Williams Realty, Inc.:
Keller Williams Realty Inc. is the
largest real estate franchise company in the United States, with approximately
700 offices and 80,000 associates around the world. The company has grown
exponentially since the opening of the first Keller Williams Realty office in
1983, and continues to cultivate an agent-centric, education-based,
technology-driven culture that rewards associates as stakeholders. The company
also provides specialized agents in luxury homes and commercial real estate
properties. For more information or to search for homes for sale visit Keller
Williams Realty online at (www.tanyashouses.com). For more information about KWWorldwide,

Housing Recovery ‘Pushes Ahead’ As Prices Rise

Daily Real Estate News |      Thursday, January 10, 2013

Housing prices are showing resiliency, posting their largest yearly gain in nearly two and a half years, according to Clear Capital’s Home Data Index Market Report, which covers housing data through December 2012.

Year-over-year, home prices gained 4.9 percent nationwide, according to the report. For 2013, home prices are forecasted to increase by 2.1 percent.

“Overall the housing recovery still shows evidence of pushing ahead,” says Alex Villacorta, director of research and analytics at Clear Capital. “Quarterly home prices mostly mirrored those of last month and suggest that some buyers took pause in the initial winter months. Yet, looking back over 2012, national yearly price gains of 4.9 percent are still strong.”

What will 2013 bring?

“2013 should be interesting for the housing market, where national gains should continue to see upward growth but likely at a more modest rate,” Villacorta says. “Keeping in mind our current gains are off market lows at the start of the year, 2013 gains will be measured against a higher price floor after a full year of recovery.”

Still, Villacorta says there are plenty of housing deals across the country to meet home buyer and investor demand.

The West has been a “front-runner of the recovery,” according to Clear Capital. The Western region has posted some of the largest increases in home prices, such as a 2.1 percent boost in December. Year-over-year, the West posted 11.8 percent growth.

“The ramp up in gains reflects a market that was hard-hit, and, like national prices, saw its lowest price level at the start of 2012,” according to Clear Capital. “A forecast of just 2.8 percent for 2013 points to a moderating recovery for the West, as buyers adjust to a higher-priced market.”

Meanwhile, the South posted a 4 percent home price gain from December 2011 to December 2012; the Midwest posted a 3 percent year-over-year increase; and the Northeast saw prices rise 1.5 percent year-over-year.

National Association of Realtors

January 2013

 

Mortgage Debt Forgiveness Extended

Late last night, Congress reached a settlement in the “fiscal cliff” negotiations.  As a
result, the Mortgage Forgiveness Debt Relief Act has been extended for another
year.  The measure will continue to exempt from taxation mortgage debt that is
forgiven when homeowners and their mortgage lenders negotiate a short sale, loan
modification (including any principal reduction) or foreclosure.

Also under the agreement, so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted
for high income filers.  These limitations will only apply to individuals
earning more than $250,000 and joint filers earning above $300,000.  The
thresholds have been increased and are indexed for inflation so will rise over
time.  Under the formula, filers gradually lose the value of their total
itemized deductions up to a total of a 20% reduction.

The reinstitution of these limits has far less impact on the mortgage interest deduction (MID) than a hard dollar deduction cap, percentage deduction cap, or reduction of the
amount of MID that can be claimed.

Capital gains rates on the sale of principal residences will remain unchanged and continues to exclude the first $250,000 for single taxpayers and $500,000 for married couples.

Article posted courtesy of C.A.R. – California Association of Realtors

For further information contact Tanya Starcevich and LA City Short Sales Team at

(310) 739-4216

 

Topanga For Sale

Check out my website!

If you are thinking of making a move to Topanga Canyon the Real Estate Market is booming! The prices are still reasonable and the rates are phenomenal, and the inventory is low, low, low! There is a high demand for homes in Topanga Canyon where the air is cleaner and the nights are magical! There is no place like this in Los Angeles, only minutes from civilization in a beautiful community with lots of eclectic artists, musicians, and like minded professionals.

There’s the Topanga Chamber of Commerce at www.topangachamber.org and the Topanga Town Council at www.topangatowncouncil.com and there’s even a website dedicated just to Topanga! www.onetopanga.com is the site to visit if you want to learn all about this beautiful community hidden in the hills by the sea. Topanga has tons of history – and you can learn about it from the Topanga Historical Society. www.topangahistoricalsociety.org or read about it in The Topanga Messenger www.topangamessenger.com where you will find fascinating stories about citizenship and tales of true nature lovers! Don’t forget to visit the theatre in Topanga, it’s The Will Geer Theatricum Botanicum. www.theatricum.com and you can dine at our fine restaurants like The Inn of the Seventh Ray or Canyon Bistro, or Froggie’s or Abuelitas. There’s even an library! Come to Topanga! If you are looking to buy a house call the Topanga local real estate expert Tanya Starcevich www.tanyashouses.com

Navigating Short Sales: What to do when you’re thinking of short selling your home

If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won’t cover your total mortgage obligation and closing costs, and you don’t have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.

1. Consider loan modification first. If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to help you stay in your home. Your lender may agree to a modification such as: Refinancing your loan at a lower interest rate; providing a different payment plan to help you get caught up; or providing a forbearance period if your situation is temporary. When a loan modification still isn’t enough to relieve your financial problems, a short sale could be your best option if:

  • Your property is worth less than the total mortgage you owe on it.
  • You have a financial hardship, such as a job loss or major medical bills.
  • You have contacted your lender and it is willing to entertain a short sale.

2. Hire a qualified team. The first step to a short sale is to hire a qualified real estate professional and a real estate attorney who specialize in short sales. Interview at least three candidates for each and look for prior short-sale experience. Short sales have proliferated only in the last few years, so it may be hard to find practitioners who have closed a lot of short sales. You want to work with those who demonstrate a thorough working knowledge of the short-sale process and who won’t try to take advantage of your situation or pressure you to do something that isn’t in your best interest. A qualified real estate professional can:

  • Provide you with a comparative market analysis (CMA) or broker price opinion (BPO).
  • Help you set an appropriate listing price for your home, market the home, and get it sold.
  • Put special language in the MLS that indicates your home is a short sale and that lender approval is needed (all MLSs permit, and some now require, that the short-sale status be disclosed to potential buyers).
  • Ease the process of working with your lender or lenders.
  • Negotiate the contract with the buyers.
  • Help you put together the short-sale package to send to your lender (or lenders, if you have more than one mortgage) for approval. You can’t sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.

3. Begin gathering documentation before any offers come in. Your lender will give you a list of documents it requires to consider a short sale. The short-sale “package” that accompanies any offer typically must include:

  • A hardship letter detailing your financial situation and why you need the short sale
  • A copy of the purchase contract and listing agreement
  • Proof of your income and assets
  • Copies of your federal income tax returns for the past two years

4. Prepare buyers for a lengthy waiting period. Even if you’re well organized and have all the documents in place, be prepared for a long process. Waiting for your lender’s review of the short-sale package can take several weeks to months. Some experts say:

  • If you have only one mortgage, the review can take about two months.
  • With a first and second mortgage with the same lender, the review can take about three months.
  • With two or more mortgages with different lenders, it can take four months or longer.

When the bank does respond, it can approve the short sale, make a counteroffer, or deny the short sale. The last two actions can lengthen the process or put you back at square one. (Your real estate attorney and real estate professional, with your authorization, can work your lender’s loss mitigation department on your behalf to prepare the proper documentation and speed the process along.)

Article published in  Realtor Magazine, NAR

After Years of False Hopes, Signs of a Turn in Housing

WASHINGTON — Announcements of a housing recovery have become a wrongheaded rite of summer, but after several years of false hopes, evidence is accumulating that the optimists may finally be right.

Justin Sullivan/Getty Images

A house in San Francisco that has been sold. Pending home sales are increasing along with sale prices, and construction companies are clearing lots and raising frames for new homes.

Multimedia

Readers’ Comments

The housing market is starting to recover. Prices are rising. Sales are increasing. Home builders are clearing lots and raising frames.

Joe Niece, a real estate agent in the Minneapolis suburb of Eden Prairie, said he recently concluded a streak of 13 consecutive bidding wars over homes that his clients wanted to buy. Each sold above the asking price.

“I just had a home that wasn’t supposed to go on the market for two weeks sold before it even went on the market,” Mr. Niece said. “It’s definitely a lot different than what we saw” during the last few summers.

Like the economic recovery that began three years ago, what happens next is likely to prove a little disappointing. The pace of recovery will probably be slow, and the prices of many homes will continue to decline.

Millions of people remain underwater, owing more on their homes than the homes are worth, and unable to sell. Millions of families still face foreclosure. And a setback in the still-fragile economic recovery could easily reverse the uptick in housing prices, too.

But roughly six years after the housing market began its longest and deepest slide since the Great Depression, a growing number of experts and people who actually put money into housing believe the end has come.

“Our sense is that the market is recovering, and we’re extremely confident that it’s not going to get worse,” said Ronnie Morgan, a San Diego real estate professional who recently created a $10 million partnership to buy foreclosed homes. The group, Alegria Real Estate Funds, already has bought about 20 homes in suburban communities, most of which they plan to hold as rental properties.

“It feels very much like we’ve hit a bottom and we’re starting to come off of that bottom,” said Stuart Miller, chief executive of Lennar, a major national home builder based in Miami. The company said Wednesday that second-quarter profits were higher than expected, and orders for new homes rose 40 percent.

“I’m a little nervous,” Mr. Miller quickly added in a conference call with analysts, “about saying the word ‘recovery.’ ”

The trend is clear in the data. The widely respected S.&P./Case-Shiller index reported earlier this week that sales prices for existing homes rose in April for the first time this year. Several other measures, including a seasonally adjusted version of the index, show that price increases began in February. The pace of housing construction has increased. And the National Association of Realtors said Wednesday that pending home sales climbed to the highest level since the end of a federal tax credit for first-time buyers in September 2010.

This is the fourth consecutive year that the housing market has shown signs of revival, and each previous episode ended with prices renewing their downward slide.

But with each passing year, an eventual recovery has grown more likely. Prices have continued to fall, and the economy has continued to recover, a combination that has expanded the pool of potential buyers. The population has continued to grow while few new homes have been built.

Basic indicators of market health that bulged during the bubble, like the ratio of housing prices to income, have returned to more normal levels.

Government efforts to help homeowners have intensified, allowing more borrowers to refinance or avoid foreclosure.

“All bets are off if anything happens to the economy, but apart from that, I think the fundamentals look better than they’ve looked in 17 or 18 years,” said Richard K. Green, a professor of real estate at the University of Southern California.

Professor Green cited the combination of rising rents and low mortgage rates as a powerful inducement to potential buyers, both renters who would prefer to own and investors who want to become landlords.

“Compared to a lot of other investments right now this looks pretty good,” he said.

The influx of investors is a major reason that the market is looking stronger. Mr. Morgan, 56, built apartments before the housing crash. In 2010, seeing a new opportunity, he and some friends started bidding at the foreclosure auctions then held on the steps of the San Diego County Courthouse.

At first they bought properties to renovate and resell. Now they are focused on potential rental properties in the kinds of gated, planned communities in suburban San Diego that once were populated almost exclusively by people who owned their homes. Some of their tenants are former homeowners.

And competition has increased. The auctions were moved from the courthouse steps last year because the crowds had grown too large.

“There’s not a whole lot of other places to put your money,” Mr. Morgan said.

There are still reasons for caution. An unusually warm winter seems to have given a temporary and misleading boost to a range of economic indicators.

The pace of economic growth remains slow and fragile, shadowed by the risk that politicians in Europe and Washington will fail to address looming problems.

And the rise in prices is happening despite the vast number of vacant houses awaiting buyers, up to two million more than the normal level, with several million more houses still at risk of being foreclosed.

But this “shadow inventory” is not distributed uniformly, according to a new analysis by Goldman Sachs. Even within metropolitan areas like Phoenix, the vacant houses are clustered in less desirable neighborhoods, while buyers are seeking homes in areas where there are few vacancies.

Under these circumstances, the researchers concluded, “It is possible for us to see both house price increases and excess housing supply at the same time.”

Indeed, in a growing number of areas demand for homes is outstripping supply.

The number of homes for sale has been falling for more than a year, according to the National Association of Realtors. Some owners are waiting for prices to rise; some of them must wait because they are underwater.

Mr. Niece, the Minnesota real estate agent, said he and his partner had seen their book of listings decline from about 120 properties to 70 properties, about 45 of which already are under contract.

“I have buyers every single day complaining that they can’t find houses,” he said.

Driving through a neighboring suburb last week, Mr. Niece said that he passed a sign outside another real estate office that read, “The market is great. We’ve sold all of our inventory. We need listings.”

Housing Will Play a Major Role in Presidential Election

WASHINGTON (May 15, 2012) – Housing and the economic recovery will play a large part in deciding the outcome of the 2012 presidential election, according to public policy experts at today’s Legislative and Political Forum during the Realtors® 2012 Midyear Legislative Meetings & Trade Expo. Former Republican National Committee Chairman Michael Steele, leading Democratic strategist Celinda Lake, and National Economic Council Director Gene Sperling provided their unique insights into issues affecting the long-term direction of the country.

“As the leading advocate for homeownership, the National Association of Realtors® is working closely with policymakers to ensure that mortgages are more readily available for qualified buyers and real estate investors,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “We believe efforts that help creditworthy homebuyers obtain mortgage financing and allow more people to stay in their homes or avoid foreclosure through streamlined short sales are important for a housing and economic recovery.”

Gene Sperling presented several of the current administration’s successful housing initiatives and accomplishments toward moving the housing market forward, included a recent proposal to help underwater borrowers refinance their mortgages. “This isn’t a partisan issue,” said Sperling. “The housing market is climbing back. We must not take our foot off the pedal to accelerate the housing recovery. We need to stay at it!”

Panelists offered their perspectives on the current state of the industry and identified numerous challenges impacting the availability and accessibility of mortgage financing. In discussing the results of a recent voter survey, Celinda Lake said, “Voters see homeownership as fundamental to the American Dream. People are upset about the American Dream disappearing, so the economic numbers will be most predictive of the election outcome.”

Former RNC Chair Michael Steele encouraged Realtors® to continue engaging policymakers face to face and said public voice is needed to clear the legislative clutter in Washington. “Accountability is key,” said Steele. “Voice your concerns to your lawmakers by localizing the issues. Get off talking points and personalize your story. By making it personal you allow the accountability dots to connect.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.realtor.org. News releases are posted in the website’s “News and Commentary” tab. The National Association of Realtors® supports public policies and policymakers who support the positions of Realtors® and their clients and customers on private property rights, housing issues and homeownership, regardless of political party affiliation.

Facing a Foreclosure or behind on payments? There is hope!

One of the hardest parts of my job as a realtor is working with clients that are losing their home. Sometimes it seems as if it’s harder for me, than for them! By the time they reach me, and we are discussing a short sale, they seem to have “let go” and there is a sense of freedom or resignation. Short sales are an alternative to foreclosures and will free you of the debt and often times the banks will offer you cash for keys. According to an article in Realtor Magazine, The “Cash for Keys” program is expected to become a more mainstream option for handling short sales too, not just foreclosures. For example, Bank of America is piloting a program in Florida that will pay up to $20,000 to short sellers as well as forgive their loan deficiency.
On the flip side, when I show prospective buyers a bank owned, (REO) or a foreclosed home, the energy in the house remains. I feel the remnants of a loving family, of holidays and family gatherings, and a connection to community and neighbors. As I drive through my community, I have seen homeowners packing, eviction notices posted on vacant houses and properties under renovation for a quick sale. It seems as if all of us know someone that has been affected by this. If you or someone you know is facing foreclosure there are alternatives but you must act quickly.
What happened to the American Dream? In Canada the housing market seemed to withstand and persevere – and they weren’t as affected. The Canadian banks lend at a very low interest rate and therefore the crisis hasn’t hit as hard. However, Canada is beginning to see signs of a bubble. The average American home prices have plunged 34% from their peak in April 2006 as of the most recent reading in December. In Canada, national average house prices fell 9% from their peak in August 2008 before they bottomed in April 2009. The U.S. housing market has recently started to improve, but it’s still far from prerecession levels. Sales of U.S. existing homes rose 4.3% in January, reaching the highest pace since May 2010, the National Association of Realtors said. And the Canadian market is very different because they are more conservative and live within their means, and they’re culture supports it. On a positive note, I have seen many first time buyers opting for a more affordable home, even when they qualify for higher loan amounts. I believe we here in American are learning our lesson!
That being said, many Americans have been faced with losing their homes. In a struggle to keep them – many entrusted attorneys with their hard earned money only to find out they didn’t qualify for a loan modification. The attorneys found a way to capitalize on the housing crisis and my advice to you is be very careful before you hire one to represent you in an attempt to modify your loan.
Home loan modifications can be tricky as well. Banks that agree to offer you a modification will often times tack the outstanding interest on to the end of the loan – while lowering your payment temporarily. Read the fine print when you get your modification (which many have been unsuccessful in obtaining).
If you are trying to modify your loan, there’s the Making Home Affordable government program. http://www.makinghomeaffordable.gov – and some people have been successful but not enough!

If you’re thinking of trying for a modification, The Neighborhood Assistance Corporation of America (“NACA”) www.naca.com is a non-profit, community advocacy and homeownership organization. NACA has a tremendous track record of successful advocacy against predatory and discriminatory lenders as well as providing the program in American with $10 billion in funding commitments.
In addition there’s the Alliance of Californians for Community Empowerment http://www.homedefendersleague.org/ – a statewide community organization working with thousands of members to help ordinary citizens organize and take action. More programs available are http://www.hopenow.com/ HOPE LoanPort® is a web-based tool that streamlines home retention applications on behalf of homeowners at-risk of foreclosure, allowing housing counselors to efficiently transmit completed applications to mortgage companies. It eliminates lost paperwork and allows for a faster decision on a homeowner’s application. HOPE LoanPort® provides peace of mind for families at-risk of foreclosure or struggling with their mortgage.

Moratorium NOW! http://www.moratorium-mi.org/
Is a coalition to Stop Foreclosures, Evictions, and Utility Shutoffs is a coalition of grassroots activists and organizations, union and religious leaders, farmers, politicians, and concerned individuals from across Michigan that formed in the late 2007 to fight against the foreclosure epidemic brought on by the banks which has devastated our state and the entire country.
They believe that a right to decent, affordable housing is a fundamental human right that supersedes the “property rights” of the banks. The Moratorium NOW! Coalition combines direct action stop foreclosures and evictions with a political struggle for a moratorium to halt all foreclosures modeled on the 1930’s foreclosure moratoriums won in 27 states through community action. They have been instrumental in stopping many foreclosures and evictions since early 2008, utilizing an approach that combines court proceedings in combination with demonstrations at banks and homes, mass email and phone campaigns, and move-ins of those who are evicted.

In addition, Realtors are gathering at an upcoming Rally to Protect The American Dream hosted by the National Association of Realtors on May 17, 2012 in Washington, DC.
If you are thinking of refinancing but have been told you don’t qualify, there’s the HARP program http://harpprogram.org/ – this program requires that your loan is owned by either Fannie Mae or Freddie Mac. If you qualify you can refinance your home even with a low credit score and no equity. The Harp II program requires that the homeowner be two months behind with their mortgage payments, but don’t stop making payments to qualify – speak with a lending professional before making that decision. Banks have been known to foreclosure unexpectedly with little notice.
With all of these resources out there, one would think we could stop a foreclosure, wouldn’t you? Well homeowners are losing their homes today and facing eviction notices as I write this article. There are over 250 homes behind in their mortgage payments in the Malibu/Topanga area combined as of March 20th, 2012!
The Topanga Peace Alliance has joined forces in an effort to help homeowners with the Occupy movement. http://occupyourhomes.org/ In Atlanta, protestors saved the house of an Iraq war veteran – Brigitte Walker’s. on Dec. 6th, 2011. By the end of that first week, JPMorgan Chase, which owns her mortgage, began discussing with the activists and Walker the possibility of a loan modification. Chase’s modification offer became official. The offer, Walker told The Huffington Post, resulted in hundreds per month in savings. Before Occupy Atlanta set up its tents on her lawn, Chase had set an eviction date for Jan. 3. Now, Walker, who lives with her girlfriend and her two children, will get to stay in her Riverdale, Ga. home.
The Occupy Wall Street movement and brave homeowners around the country are coming together to say, “Enough is enough.” The 99%, are standing up to Wall Street banks and demanding they negotiate with homeowners instead of foreclosing on them.
Occupy Our Homes is a movement that supports Americans who stand up to their banks and fight for their homes. They believe everyone has a right to decent, affordable housing. They stand in solidarity with the Occupy Wall Street movement and with community organizations who help the 99% fight for a place to call home.
If you or someone you know is struggling to make their payments, or they’ve tried a loan modification or to refinance and been rejected – try one of the many resources available and provided by grass roots organizations across the country.
Contact the Topanga Peace Alliance directly by visiting the website www.topangapeacealliance.org if you are facing foreclosure.
Don’t give up hope – there are many resources out there to help you keep your home!