Homes to 9,000 Homeless Vets…

United States Department of Housing and Urban ...

HELLLLOOOO My Beautiful Wonderful Bay Area!….Today is a cooler day but soon to be warmer days… I hope you’re all enjoying our Wonderful Bay Area… Today I’d like to revisit “homeless vets”…. I wish I could find a way to truly help our vets…homeless, disabled and otherwise … for all they’ve done in service for our safety at home… we should all be so thankful and repay them in every way possible… the reality is we’ve havent held up our end of the bargain… the current sellers market allows sellers to peruse multiple offers, mostly over list price, as is, no contingency, best price and terms… the VA Loan was created to help and thank our vets… it does have certain requirements that hinder VA Loans to be looked as the best finance option in addition to a few other requirements…  if more owners who’s priority is to repay our vets by accepting their purchase offer backed by a VA loan… this would be a more ideal world… if this were true… to the contrary… owners however thankful they may be… are much more apt to accept an offer without any contingencies, with much higher down payments (VA loans dont require any downpayments), better terms and faster close times…of course they would… lets face it… if we were in that position can you honestly say you would accept an offer with a VA Loan?… (hmmmm if we were in a Buyer’s market I wonder what the climate for a VA loan would be)…which brings me to my update today…

As a reminder… here’s my posting on May 24,2012 (almost a year ago) http://bit.ly/11VtkuD

Today’s update…(is provided by RisMedia)… HUD & VA Team Up: Provide Homes to 9,000 Homeless Vets…  9000 Vets living on the streets or who are participating in the nation’s shelter system will soon find permanent homes due to extra $60 Million Dollars funded by HUD… (please read the link below)

http://bit.ly/1aPellA

This is good news… not the ultimate best… but definitely good… I hope we can one day find a way to erradicate this tragic situation once and for all.

 

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A Short Sale Triumph!

Morning glory flower, species Ipomoea nil

HELLLOOOOO My Wonderful Beautiful Bay Area!!… The sun is out and is hanging out longer these days… more time for us to get out and enjoy our neck of the woods… even after work… plenty of light for all of us!…

Our real estate market all around our Bay Area is coming back by leaps and bounds… Sales have been inching upwards for a few months now… Sellers are reaping the benefits due to very low inventory and Buyers are out in droves vying for a chance at home ownership… taking advantage of the low low interest rates  to boot…Not so much fun for buyers since this is a seller’s market… meaning multiple offers for the sellers and buyers are pretty much stuck if they dont offer over list, short times to remove contingencies or the most minimal shortest times to remove contingencies, bigger down payments, very quick close times etc etc…

Nevertheless abit of good news to share with you as sellers, buyers or just plain market watchers…here’s a goodie for you… as a result of a recent listing I had… even tho a short sale… with 2 loans… from the actual list date to close of escrow took a mere 2 months…from date of short sale approval from the bank to close of escrow date took less than 35 days… Now we’re talking!!… it is possible to rise above the Short Sale craziness of months and months and months of delays working through the various  bank depts and myriad of bank short sale specialists who never seem to stay very long, who always seem to lose vital information… you can end up triumphant and literally close the transaction in the same amount of time as a normal regular transaction…Not a very usual happening but I do believe the general state of Short Sales are indeed getting better in as far as the length of time they’ve been known to take…

Its very possible the Short Sale process is finally getting more streamlined… I cant declare this sentiment as universal just yet but as the listing agent on this recent short sale… everything worked out super well for sellers, buyers, realtors for both sides, banks and buyer”s lender and escrow officer… it took all of us to work together to make it happen and make it happen we did!!… Huge Congrats… Luis, Melissa, Shayn, Megan, Karen, Randi, Marie  & Julian (asset manager)…

If you’re considering putting your home up for a possible Short Sale and more importantly if you’ve already received a Notice of Default (NOD)… please call me at 925.997.2426 or email me at isiwu@comcast.net… Lets Talk… I Can Help!!

 

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Know a Veteran in Danger of Becoming Homeless?

 

English: Homeless Woman Iraqi War Veteran in W...

English: Homeless Woman Iraqi War Veteran in Wheelchair and her Chihuahua, at San Diego Stand Down. Photograph by Patty Mooney of San Diego, California, 2007 (Photo credit: Wikipedia)

HELLOOOOO My Beautiful Wonderful Bay Area!!…  Lets thank all our veterans for their service and help them keep their homes… if you know any veterans in danger of losing their homes please Pass this Information Along…
Written by: 

Housing vouchers known as HUD-VASH can help veterans resolve their housing situation if they are in danger of becoming homeless.

HUD and the Department of Veterans Affairs (VA) are working together to provide the fastest and most complete service possible to those who served our country who now need housing assistance.

The first step is to locate the VA center closest to you, register, and explain your circumstances. If you are a low-income veteran, the VA will refer you to the local housing authority nearest you that received HUD VASH vouchers. These are housing vouchers funded by HUD, coordinated by the VA and administered by local housing agencies that allow you to live in the place of your choice.

The basic eligibility requirements are determined initially by the VA, as the veteran must be eligible for medical services from the organization and his or her economic situation should be classified under the definition of homeless as defined by law. Read all the details here.

The person must participate actively in obtaining services to help to stabilize his or her situation. A requirement for participation is to accept the assistance of a social worker to help with handling your case, whether that is related to physical or mental disabilities. The most vulnerable veterans are ideal candidates for this program.

The next step is to contact the housing authority, which determines whether your income level is right for the program and establishes that the veteran and immediate family living with him (or her) are not sex offenders, which automatically disqualifies the person.

Once the eligibility process is determined, the veteran receives a list of homes whose owners are interested in renting to people with housing vouchers, or the veteran can select the property he or she wants, provided the owner agrees to receive payment for the rent on a contract with the housing authority and the tenant. The property must pass inspection to verify that it is habitable and sanitary housing. The next step: move!

If you need help, do not wait. Call the National Center for Homeless Veterans Assistance at 1-877-424-3838.

 

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