Dennis Gollehon PA, RE/MAX Absolute

Military Can Take Advantage of HAFA

Fri, 07 Oct 2011 08:36:42 GMT

The DOD has had a program (HAP) in place to assist DOD military and civilian members forced to sell their homes at a loss due to reassignment. Unfortunately, this program is cumbersome and hampered by budget limits.

The Treasury Department recently clarified its guidelines for HAFA (Home Affordable Foreclosure Alternative) program, after many military families were denied consideration under the program. Banks and servicers previously did not consider permanent change of station (PCS) as a financial hardship. The members were current on their mortgage until receiving orders to move.

With this new guidance from Treasury, most applications for a short sale or deed in lieu of foreclosure with a hardship created by a PCS will be approved. The borrower will also be eligible for cash at closing and waiver of the deficiency.

Please contact me for more details if you or someone you know is faced with a mortgage they cannot pay because of a PCS.

www.AvoidForeclosureFree.Info

It’s Time To Take Another Look At Short Sales

Wed, 28 Sep 2011 13:22:02 GMT

It’s time to take another look at short sales

As recently as a few months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale—you’d have gotten some strange looks.

That’s all changed. And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined.

With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. So they’ve sharpened their focus on short sales. Big time.

The biggest lenders in the country have staffed up to ensure rapid processing of short sale applications. They’ve ponied up with cash incentives at closing for homeowners who pursue a short sale. And they’re proactively reaching out to CDPE agents and putting them in touch with delinquent borrowers.

This is big news and the media has not really caught onto it yet. What’s important for you to know is that whatever you’ve read or heard in the past about long lag times and frustrations with short sales is probably no longer the case.

As a member of the CDPEAdvanced community, I’m tapped into major lenders and on top of major developments affecting short sales and bank-owned properties. I invite you to visit my website www.AvoidForeclosureFreeInfo.com to learn more and feel free to contact me any time at 321-504-7575 or Dennis@DennisGollehon.com if you or anyone you know is struggling with an unmanageable mortgage.

Renewed Trust for Tough Times

Wed, 31 Aug 2011 11:33:22 GMT

Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?”

Weren’t we assured that home values were destined to go up and up and up?

There have been lots of promises that help is on the way—and lots of warnings of scams and schemes that have only served to confuse the matter. So where’s a homeowner who’s underwater or overleveraged to turn?

Here’s the bottom line: the choices that homeowners make when they feel they are at the end of their rope will have ramifications for years to come on their ability to qualify for credit, their job prospects, their security clearance and their overall finances. When a family’s financial trajectory is rapidly heading in a negative direction, there’s no substitute for the helping hand of a knowledgeable expert who has the integrity, the experience and the training to reverse the course—someone who is tapped into regulatory initiatives and can separate fact from fiction.

It is my mission to serve as a credible source of information and perspective to homeowners who have found themselves in a tough situation and need help sorting through their options. That’s why I sought out the Certified Distressed Property (CDPE) designation—the most renowned and recognized credential in the distressed property field, and it’s why I continue to stay on top of regulatory and industry developments that impact options available to homeowners who are struggling with their current financial situations.

My message to homeowners who do not know where to turn: there is hope. Foreclosure is not inevitable and neither the government nor your bank wants to see that happen. No one expected to find themselves on the brink of foreclosure, but I have worked with countless clients who have managed to turn their financial trajectory around and get on a path of financial recovery.

It CAN be done! And it would be my privilege to help.

Making the Right Choice for a Stable Future

Wed, 25 May 2011 15:01:13 GMT

Short Sale vs. Foreclosure

Making the Right Choice for a Stable Future

The US housing crisis has claimed millions of victims. Unfortunately, many homeowners are losing their homes to the bank because either they think that a short sale will have the same financial effect as a foreclosure or they don't know their options.

The good news is that homeowners don't have to navigate this process on their own. I am available for those who need my expertise to get back on the path to stability.

If you, or someone you know has questions about this information, or would like to get started creating a plan, call me today.

The more proactive we are, the better the chance of finding financial freedom and stability.

Contact me for more info about foreclosure avoidance.

SOLVING YOUR PERSONAL MORTGAGE CRISIS JUST GOT EASIER!

Tue, 08 Feb 2011 16:10:56 GMT

When you or someone you care about is facing the prospect of losing a home to foreclosure, the emotional strain can make the challenge seem unbearable.

I can help you break free of the strain and take control of your financial future.

What's better is that my services come at absolutely no cost to you, the homeowner, and can truly affect change in your life for the better.

STRAIGHTFORWARD SOLUTIONS ELIMINATE CONFUSION

Our country is in a nationwide mortgage crisis. This has prompted lenders and the government to find straightforward solutions to put our country back on track … solutions you can take advantage of.

Lenders are streamlining their short sale programs and making them more available to homeowners who want to move forward with their lives.

The federal government, too, is reaching out with its recently improved Home Affordable Foreclosure Alternative (HAFA) Program that offers cash incentives for successful foreclosure avoidance transactions...cash to help you build a new financial foundation.

To find out more about how I can help you take advantage of these programs, download an informational brochure about your foreclosure alternatives here:

www.avoidforeclosurefreeinfo.com

Please think of me when you find those who need help in finding foreclosure alternative solutions. Your referrals would be my highest priority!

Sincerely,

Dennis Gollehon
Dennis@DennisGollehon.com
321-504-7575

Foreclosure Moritoriums

Sun, 12 Dec 2010 14:53:02 GMT

The major banks — as well as Fannie Mae and Freddie Mac — will postpone their foreclosure procedures from Dec 20-Jan 3.

This freeze will mean more time for homeowners facing foreclosure to find solutions. Options to consider include mortgage modifications, forbearance/repayment plans, renting the property and more. The obvious solution may not be the best for you. Call me for a free consultation to discover what's best for you.

Time is only one gift distressed homeowners should have this holiday season … I can also give you the gift of hope.

Contact me for more info about foreclosure avoidance.

FHA Short Sale

Fri, 19 Nov 2010 14:46:54 GMT

HUD PREFORECLOSURE SALES

Do you have an FHA insured mortgage? Are you falling behind on your mortgage? There may be help for you.

HUD has a process similar to a short sale. The Preforeclosure Sale (PFS) Program allows a mortgagor (homeowner) in default to sell his or her home and use the sales proceeds to satisfy the mortgage debt, even if the proceeds are less than the amount owed. You don't have to have missed payments to apply if in the foreseeable future you will not be able to pay your mortgage due to a hardship. One key component is, except in special circumstances, you may not move out of the home before the sale is approved. The property must be owner occupied--no "walk-away" or investment properties are allowed. It can take a month or so to process your application for a PFS. HUD will allow up to $1000 incentive to the Mortgagor at closing.

There are dignified options to foreclosure. Give me a call so we can discuss your options and see if a PFS short sale is best for you.

Think a Freeze on Foreclosures Could Save Your Home?

Tue, 09 Nov 2010 19:20:26 GMT

Think a Freeze on Foreclosures Could Save Your Home?

Think again!

You may have seen in the news that recent events have politicians calling for a federal foreclosure moratorium. If you are behind on mortgage payments, you may wonder what this means to you. A foreclosure freeze is NOT the answer to your problem. However, there are steps you can take to avoid foreclosure. I’ve created a free report for you to find out more:

http://www.avoidforeclosurefreeinfo.com/

A moratorium will not save your home from foreclosure—only you can. Give me a call today so I can help.

Foreclosure Avoided In Brevard County

Tue, 19 Oct 2010 15:42:26 GMT

Is anyone you know struggling to make mortgage payments? With millions facing foreclosure today, chances are someone you know is in this situation.

As an agent with the Certified Distressed Property Expert designation, I am extensively trained to help homeowners on the edge of losing their home find ways to minimize the financial impact of their situation. I can provide a lifeline of information to help regain control.

To learn more, I've put together a report to explain 10 options to foreclosure, which can be downloaded on my website:

http://www.avoidforeclosurefree.info/

Share this resource today with anyone you believe will find it helpful. Together, we can take immediate action to rescue those you care about from the brink. I can help homeowners avoid foreclosure in the Melbourne Florida area.

Dignified Foreclosure Alternatives

Wed, 02 Jun 2010 12:14:12 GMT

Who do you know who may be struggling with their mortgage payments? Maybe a friend, co-worker, neighbor or family member—with one in seven mortgages currently behind on payments, it's very possible someone close to you needs help.

Many of these distressed homeowners made smart, responsible decisions, but were simply caught off guard by the challenging market. The important thing to understand is that foreclosure should be a last resort, and that there are dignified foreclosure alternatives.

For example, there is something called the Home Affordable Foreclosure Alternatives Program, or HAFA, which offers a $3,000 incentive to avoid foreclosure by pursuing a short sale or deed-in-lieu, two dignified foreclosure alternatives.

I've written a report that details the benefits of these foreclosure alternatives. Please share this URL with anyone who needs that information:

http://www.AvoidForeclosureFreeInfo.com

I have been extensively trained to assist struggling homeowners. I'm a Certified Distressed Property Expert, which means I can assess any homeowner's situation and find out what his or her best options are for an unaffordable mortgage.

Please don't hesitate to contact me. I'm here to help.

What in the world is HAFA?

Tue, 20 Apr 2010 15:09:26 GMT

The foreclosure avoidance segment of the real estate business is more densely populated with acronyms than any other part. Why is that? Maybe because the government is so closely involved. This time the government is "here to help you." If you are facing foreclosure HAFA is a term you'll want to know more about. Watch this short video and then give me a call. I can help!

Mortgage Modification Fraud Scams

Tue, 09 Mar 2010 16:13:26 GMT

There are two primary mortgage modification fraud scams reported: First, scammers con homeowners into signing quit-claim deeds to their properties, then sell homes from under the former owners to straw (fabricated) borrowers; the homeowner subsequently receives an eviction notice. Second, scammers falsely claim affilitations with lenders to convince distressed homeowners to pay large advance fees for modification services, but fail to take any action on the homeowner's behalf.

Contact me for more info about foreclosure avoidance.

Home and Condo Sales Up In January

Wed, 03 Mar 2010 12:57:34 GMT

Florida Realtors Association reports Florida’s existing home sales rose in January, marking 17 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®.

Existing home sales increased 24 percent last month with a total of 10,465 homes sold statewide compared to 8,444 homes sold in January 2009, according to Florida Realtors. January’s statewide sales of existing condos rose 81 percent compared to the previous year’s sales figure.

“Now is the time for anyone thinking of buying a home in Florida to make that decision,” said 2010 Florida Realtors President Wendell Davis, a broker and regional vice president with Watson Realty Corp. in Jacksonville. “Markets across the state are seeing increased sales, yet conditions remain very favorable with still-low mortgage rates, a range of housing inventory and attractive prices. As an added incentive, buyers need to accelerate their plans because a purchase contract must be in place by the end of April to take advantage of the extended and expanded federal tax credit.

Contact me for more info about foreclosure avoidance.

Loan Modification Reality

Sat, 20 Feb 2010 08:46:06 GMT

ASSOCIATED PRESS • February 20, 2010

Banks are delaying the foreclosure process,
traditionally between four and six months, as they
evaluate borrowers for help under the Obama
administration's $75 billion mortgage-relief effort. It
lowers borrowers payments to as low as 2 percent
for five years and extends loan terms to as long as
40 years.

But experts warn that hundreds of thousands of
borrowers will not be eligible or will not complete
the process. So far, only 116,300 borrowers out of
1 million who enrolled have had the terms of their
mortgages changed permanently.

Despite the government's efforts, there may be 6
million foreclosed homes that are put on the market
over the next three years, according to Barclays
Capital.

Timing is key. If banks unload them suddenly, "it
will be much more detrimental to the housing
recovery than if it's a slow, gradual bleed," said
Michelle Meyer, a Barclays economist.

Contact me for more info about foreclosure avoidance.

Foreclosure Crisis Eases?

Sat, 20 Feb 2010 08:34:34 GMT

ASSOCIATED PRESS • February 20, 2010

The end of the national foreclosure crisis is finally
in sight. For the first time in almost three years, the
number of homeowners falling behind on their
loans is declining.

The drop means the number of people losing their
homes will start to fall. But some pain from the crisis
is sure to persist. Because millions of people are
already in foreclosure, deeply discounted houses
will put pressure on home prices for years.

"Housing is on a path to recovery," said Mike
Larson, a real estate analyst with Weiss Research. "
It's going to be a very long, gradual process."

The figures probably mark "the beginning of the
end" of the crisis, said Jay Brinkmann, the trade
group's chief economist.

More than 15 percent of homeowners with
a mortgage have missed at least one payment or are
in foreclosure, a record. Worse, nearly half of all
delinquent borrowers were at least three months
behind on their payments, up from a typical level of
less than 20 percent.

"The bad news is that we still have a big problem,"
Brinkmann said. "The good news is it looks like it
may not get much bigger."

That's because the percentage of borrowers who
missed just one payment on their home loans fell to
3.6 percent in the October-to-December quarter
from 3.8 percent in the third quarter, according to
the Mortgage Bankers Association. That decline was
even more surprising because delinquencies
usually rise at that time of year due to higher
heating bills and holiday spending.

Contact me for more info about foreclosure avoidance.

Brevard County Short Sales

Sat, 16 Jan 2010 08:27:53 GMT

Short Sales continue to be a reality in Brevard County. A little over 20% of residential property in the Multiple Listing Service is listed as short sales. One in seven home owners is in jeopardy of foreclosure if something isn't done about it quickly.

Contact me for more info about foreclosure avoidance.

The Truth About Mortgage Modifications

Mon, 02 Nov 2009 08:23:37 GMT

The Truth About Mortgage Modifications

The decisions you make as a homeowner today hold a profound impact on your financial future. However, it is important to safeguard yourself from misinformation and fraud. Get the facts regarding your situation and always have a contingency plan.

For those who qualify, a mortgage modification is the ideal remedy to their financial distress. I’ve prepared a FREE report on the truth about mortgage modifications to guide you through this important process. Simply provide your information below to get this valuable information, and feel free to pass it along to anyone who may need it. One homeowner lost to foreclosure is one too many!

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Together, we can formulate a plan to get back on track.

If you have any unanswered questions, or your circumstances are urgent, please call me today.

Dennis Gollehon
321-504-7575

Short Sale vs. Foreclosure

Foreclosure or Short Sale: Understand the Differences

Underwater on your mortgage? Facing foreclosure? Avoiding foreclosure through a short sale can have many benefits for your future financial stability.

I created this site to help spread the word about the options to avoiding foreclosure, and a short sale has many benefits. A successful short sale can reduce the damage to one's future loan eligibility, credit rating, employment, security clearance and more.

For a free report on the differences between short sales and foreclosure, fill out the form below and click "Send". If your situation is urgent, feel free to contact me immediately. I'm ready to help you take action and secure a more secure financial future.

As a CDPE-designated agent, I've been trained to pursue foreclosure alternatives, and I'm here to help.

Options and Solutions

Thank you for visiting this site and taking the first step toward finding answers. I appreciate what it has taken for you to come here, and commend your efforts to get the facts about your situation. The current real estate environment can be frustrating, with misinformation and conflicting plans for how to proceed.

As a real estate agent, what I often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably, over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities I serve.

That's why I've developed this site: to ensure you get the valuable resources that can reduce your financial strain and change your life for the better. As a CDPE I know the options for homeowners in foreclosure or delinquent on their mortgages, and I can send you a report detailing this information, prepared just for you.

Simply enter your information below and click "Send." I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let me help you evaluate your options and get back on track to a solid, stable future.

Tipping the Scales Toward Foreclosure?

Fear of foreclosure is a national epidemic.

Millions of homeowners fell behind on their mortgage payments last year, and then proceeded to fall further behind every month.

These are tough times and there are no easy answers.

The fact is, major lenders, the federal government, and local agencies across the country have stepped up their efforts to stem the tide of foreclosures. More help is available than ever before.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am knowledgeable and adept at navigating among the full range of solutions for helping financially distressed homeowners to make a fresh start.

Looking to learn more? Check out my free report: "Tipping the Scales Toward Foreclosure? Resolve to Shed the Weight of an Unmanageable Mortgage in 2012."

And if you, or someone you care about is looking to tip the scales back into financial solvency, contact me today for a confidential consultation!

Hidden Costs of Bankruptcy

Considering filing for bankruptcy? There may be alternatives you've never considered …

If you are having trouble paying your mortgage and are possibly considering bankruptcy, there may be better solutions for your particular circumstances. I've created the free report available on this page, "The Hidden Costs of Bankruptcy," to provide more information.

Alternatives to foreclosure, such as conducting a short sale and moving into a rental residence with less expensive payments, may offer the breathing room you need to reorganize your finances.

To get your free report, fill out the form below and click send. However, if your situation is urgent and you need immediate assistance, please don't hesitate to contact me.

I'm here to assist you.

Strategic Defaults are NOT Strategic

Walking Away Is NOT The Answer

You may have heard that a “strategic default” can be an appropriate and even beneficial reaction to an upside-down mortgage or impending foreclosure. While this idea is widespread, the truth is that default is never an easy road to choose, and rarely ever strategic.

Unfortunately, the ramifications of a “strategic default” are rarely explained, leaving many homeowners stranded on an island of misinformation. To assist you, I’ve prepared a free report outlining the myths and misrepresentations of strategic defaults.

Fill out your information below for this free report. Don’t hesitate. Get the facts today!

A Dignified Solution

You Deserve a Dignified Solution

The economy today has been especially hard on homeowners. I meet people every day who thought they made a responsible decision on their mortgage loan, only to be hit with the unexpected.

The first and best move to make in this position is to educate yourself on what your options are based on your financial situation. Avoiding foreclosure is always something worth pursuing if you can, and there really are dignified alternatives available.

To get my free report on all the options and benefits of avoiding foreclosure, fill out the form below and click "Send". If you need immediate assistance, please contact me right away.

I'm here to help.

Government Program Surveys

Are You Eligible?

The government programs currently available to homeowners can be valuable resources, but only if you know which ones are right for your situation.

That’s why I’ve created this free resource that lets you find out which programs you’re eligible for. Read the descriptions for each program to see which one fits your situation, then fill out the corresponding survey to see if you are eligible.

Find out now if you are eligible!

The good news is that programs exist for a variety of situations, and even more options are available beyond those programs. As a CDPE-designated agent, I can provide all of your possibilities and help you get moving toward a solution.

Short Sales vs Foreclosures

Short Sale vs. Foreclosure

Making the Right Choice for a Stable Future

The good news is that homeowners don't have to navigate this process on their own. I am available for those who need my expertise to get back on the path to stability.

If you, or someone you know has questions about this information, or would like to get started creating a plan, call me today.

The more proactive we are, the better the chance of finding financial freedom and stability.