Banking Bad

IS IT POSSIBLE TO GET A LOAN MODIFICATION THROUGH SOCIAL MEDIA?  Listen to one man's experience, Dee, he is the developer of  the video Banking Bad on You Tube and he is our guest! Bloomberg has reported on Banking Bad and MSN Real Estate has reported on this issue and he is our guest Dec 15, 2012!
Go to you tube and look at the video Banking Bad and watch when a bank asked for a DEATH CERTIFICATE for a loan modification.  No one was dead!!  How terrible! What is happening in our banking industry that somehow this is acceptable behavior?

Green VS "Greenwashing"

A listener to the December 1^st show about Green Home Improvement asked about the difference between Green and “Greenwashing”.  Below, Jason Holstine of Amicus Green Building Center gives us a quick lesson on not getting faked out.

Looking out for “Greenwashing” (aka fake green) is important but also can be really tricky. I’d say the first and easiest method is to judge where you’re sourcing the product from.  The easiest route is to go right to the small green dedicated stores around the country, such as Amicus Green Building Center in Maryland; EcoHome Improvement in Berkeley; Livingreen in the LA area; Originate in Tucson; Common Ground in Durham, NC; Eco-Wise in Austin; and others around the country. These stores tend to carry products from manufacturers with long and exclusive histories also dedicated to healthier or environmentally appropriate missions and problem solving. They can make it personal and talk you through the products, choices, variables, and considerations to weigh. The big box and conventional hardware stores have enough problems selling “conventional” products straight, let alone speaking to the unique (and sometimes deep) benefits of green products.  

Also, you can do your own due diligence by searching manufacturer’s webpages—they should reflect their corporate story, shouldn’t share space with “conventional” materials. They should be transparent—offering details of the certifications and what makes them “green”.

There are a number of certification and labeling programs, each covering a different subject or constituent. Some are legitimate and sincere (and important). Leading labels:
FSC for wood products
Green Seal or Greenguard for offgassing chemicals (or lack thereof)
SCS IAQ (for excellent chemistry that doesn’t pollute air)
Non-GMO Project (primarily for foods, but starting to apply to cleaning and cosmetics)
CRI Green Label Plus (an industry label for carpets and their indoor air quality (IAQ), lack of offgassing. We consider it a minimum requirement, as there are certainly great products that go well beyond its standards

Other labels are greenwashed and watered-down in their own right.

But, one other caveat to a label. Some labels may be good for one aspect of a product but don’t overcome other weaknesses. For example, some quartz-surface countertops have Greenguard b/c they don’t offgas. That’s nice. But it doesn’t overcome the fact that quartz is mined and creates significant environmental and human health concerns from the extraction processes. We think there are other products that are as healthy for IAQ AND our land and water.

How to Find a Green Realtor

On our December 1^st show, I met with Mickie Simpson to discuss utilizing a Green Realtor in your home sale or purchase. 

Sustainable living is becoming very popular as people are becoming more educated about it these days.  Most new home purchasers are making conscious decisions about the materials that their home is built from, desiring environmentally friendly or “green” goods over those that are wasteful of our natural resources.  Going green does not only serve to promote a healthier lifestyle—it is economically savvy!

For a Realtor to gain the National Association of Realtors official “Green Designation”, they must pass courses that educate them on Green Comprehension and the science of Green Building.  Click here to find one in your area today!

They will be a great resource to you in your quest to find a home that is energy-efficient, great indoor air quality, water efficiency and more!  If you are looking for a newly built home, they know which builders specialize in green home building in your area.  Some may also be able offer advice on a green mortgage, energy raters and home inspectors who are educated in green features.

Resources:

http://www.epa.gov/greenbuilding/pubs/whybuild.htm

http://www.greenresourcecouncil.org

http://www.greenyour.com

Going Green doesn't need to cost you so much GREEN!

Amicus Green Building Center
“Sustain Your Space”
Member - USGBC, GreenAmerica, NARI, NAHB
e: jason@amicusgreen.com
w: www.amicusgreen.com
p: 301-571-8590

 
Jason Holstine  of Amicus GREEN Building Center will be one of the guests on Saturday, Dec 1 to discuss how to make your house more GREEN!
and 
Mickie Simpson who is a GREEN Realtor will be one of the guests  to discuss why you want a Green Realtor to help you buy or sell a house.

Mickie Simpson | Associate Broker, Green Realtor
TTR Sotheby's International Realty
5454 Wisconsin Avenue, Chevy Chase, MD  20815
301.967.3344   office
202.906.9865   cell
www.ttrsir.com <https://red001.mail.microsoftonline.com/owa/UrlBlockedError.aspx>

Does Bank of America want you to die to modify your home loan?

Does Bank of America want you to die to modify your home loan?

This is a film creator out of California who I will interview on Dec 15th on Reality of Real Estate Radio show on Sirius/XM! Tune in on Saturday,  Dec 15th 8am-9am!

  He has helped many people save their homes:

WATCH This video NOW:
http://www.youtube.com/watch?v=ySgpT8P5mG8&feature=plcp

How to Get a Loan Modification via SOCIAL MEDIA

HOW TO GET A LOAN MODIFICATION VIA SOCIAL MEDIA.

Is it possible to get a loan modification in this economy?
 
TUNE in on Dec 15th 8am-9am INTERVIEW with Banking Bad!
Do you think these loan modifications seem impossible and the banks are not responsive?
Well, tune in and listen to how one person has made a difference using social media to help get a loan modification.  ANYTHING IS POSSIBLE! 

check out this video:

   http://www.youtube.com/watch?v=Tkq2y4a2Dfs&feature=context-gfa

TUNE IN and listen to my interview with Carol Nerenberg, Senior Real Estate Specialist!

Carol Nerenberg, GRI, SRES

Prudential PenFed Realty

For the personalized service you deserve

202.957.5559

carol@carolnerenberg.com

Seniors have special needs. Downsizing or moving from a home they have lived in all their lives can be a very emotional process.

Are you a Senior who is ready to buy, sell, rent or relocate?

Learn more about housing issues for seniors.

There's almost always an emotional element associated with selling a long-time home. SRES^® designees are real estate agents that specialize in senior needs and can ease the transition first by talking about your reasons for selling and then exploring all the options—either modifying and staying in your current home or finding a different property—to be sure you find the very best housing solution. 

SRES^® designees use their expertise and industry knowledge to provide an honest assessment of your property and make suggestions for improving it for saleability. They may recommend hiring staging professionals who can make modifications that will best showcase your house and make it appeal to the broadest audience possible.

If you're a senior looking to sell your home, contact an SRES^® designee.

Zig Ziglar Quote

“What you get by reaching your destination is not nearly as important as what you will becoming by reaching your destination.”

-          Zig Ziglar   

Testing for Employees! Hire the Best Workers!

Testing.....Testing.....Is anyone listening?  Just joking....YES!  You are listening, of course you are listening.  Testing for potential employees for your real estate business is critical to spending less time on employee troubles and more time being productive.  So, Today on Reality Real Estate with Jennifer Hammond on Sirius/XM tune in and listen to the interview with Thomas R. Clapp Cell:202-487-9517 about how to conduct testing on potential employees.

Real Estate: HOW NOT TO BUY A MONEY PIT!

Today, Saturday, Nov 10th, Greggory Hammond will be my guest speaking on HOW NOT TO BUY A MONEY PIT! It will feature a NEW song by Greggory Hammond entitled "MONEY PIT!"  Sing along or just listen along with the Hammond brother and sister team providing story telling of the insider's knowledge of how to not buy a money pit.  Have you ever wondered whether the renovations on a house are good renovations or bad?  Have you ever wondered if it is dangerous to have a beautiful tree to close to the house?  These questions and so much more will be answered on Sirius/XM Talk Show today - Reality Real Estate with Jennifer Hammond! Tune in 8am-9am EST every Saturday morning!

Real Estate Investing 1O1

        Have you ever wondered how do I start as a real estate investor?  Well, this week on Reality Real Estate Radio Show on Sirius/XM with Jennifer Hammond,  Real Estate investing for beginners is our topic!  Seyi Ademiluyi is our guest:

Oluseyi Ademiluyi
Phoenix Design Properties, LLC

Purchases - Sales - Renovations 

Residential & Commercial Real Estate & Notes
Cell : 240 423-8990
www.phoenixdesignproperties.com
Adela Construction, Home & Investment Renovation Services
Ask me how to get 8% to 12% interest on your retirement funds or idle cash savings

The first time real estate investor has these questions:   Where do I start?  Do I invest in a single family houses or a condo?  Is it better to start real estate investing with a partner or on my own?  What books should I start reading about Real Estate investing?  How do I know when it is a good deal?  How do I build my team of experts to help me make good decisions in real estate?

Tune in on Saturday to hear the answers to these questions and MORE!

Fannie Mae / Freddie Mac Standard Short sale Guidelines effective November 1, 2012

  Fannie Mae / Freddie Mac Standard Short sale Guidelines effective November 1, 2012

Michelle J. Adams, Esq.   is an attorney that will be on the Show, Saturday, Oct 27th to discuss
these new guideline for SHORT SALES!
 

I am writing in response to what I see as a failure to give attention to one of the major pitfalls in the new short sale guidelines that were announced by Fannie Mae and Freddie Mac in August.  Every article that I have read in the media coverage of the new guidelines focuses on positive changes that are included in their announcements.  While I am in agreement that there is a lot of good news included in the changes that Fannie and Freddie have made, that does not stop me from wanting to bring attention to the one change that I believe is going to make getting short sales approved even harder – the requirement that second lenders agree to accept $6,000 from proceeds to release their liens and forgive the remaining debt.  As someone who has worked on short sales for almost 5 years, I believe that this is going to cause many homeowners to either file for bankruptcy or let their properties go to foreclosure. 

While this payment to second lenders is being touted as a positive response to the negotiating that often occurs between first and second lenders, the addition of the requirement that the second lien holder must give up their right to pursue the balance is what troubles me.  Ideally do I think that this is a good requirement?  Of course I do. The states in the DC metro area are all Recourse states.  This means that the lenders can reserve the right to pursue the borrower for any deficiency after completing a short sale.  As an attorney who negotiates with lenders, we are always trying to work with 1^st and 2^nd lenders to try and get them to waive the right and normally it takes an additional contribution at settlement to get the deficiency waived.  This new requirement on the 2^nd lenders will prohibit any contributions going to the 2^nd lenders other than the $6,000 approved by Fannie and Freddie.  While this may work with some of the second lienholders, my experience tells me that small banks, credit unions and 2^nd liens that are greater than $100,000 are not going to grant short sale approvals for a total of $6,000 (not to mention that if there are 3^rd liens, HOA liens or judgments the total to pay all of them is $6,000); effectively killing the short sale and forcing the borrower to file for bankruptcy.

Many people are already thinking through the ways that homeowners with Fannie or Freddie as a first loan can work around this new requirement. I am sure that for some borrowers who have the money to try and settle their seconds before completing the short sale, there will still be options, but for the homeowner who has no money to try and settle ahead of a short sale and a 2^nd lender that will not waive the right to pursue, short sale will no longer be an option.  I cannot say whether or not Fannie Mae or Freddie Mac were aware that this would be the outcome for many of their borrowers when the policy makers came up with this requirement, but this will be the effect – intentional or not.  My firm has already seen the first denial from a second lender that we have worked with for many years are is known to require the borrower to sign a new note for the deficiency.  Since they cannot require the borrower to sign a new note, they have declined the short sale instead.  I am sure that this is just the first of many short sales to be declined where Fannie and Freddie hold the first loan. 

As I noted above, there are a lot of good changes that were included in the new guidelines and I do not think that the entire Standard Short Sale program that they are suggesting is bad, but I want to start a dialog about this particular issue as I believe that it could have a devastating effect on the number of foreclosures in the near future.  I could be all wrong about this, but I doubt it.

 

Monesha Madison On Reality Real Estate Radio Talk Show

Monesha Madison Lever was on Reality Real Estate Radio Talk Show with Jennifer Hammond today discussing her experience as a first time buyer of real estate.  Monesha talked about the first time home buying loan program she utilized to purchase her first condo and the DC Tax abatement program.  Monesha discussed the responsibility of being a condo unit owner and then becoming a member of the condo board and the higher level of responsibilities for the entire condo building.  Then Monesha and Jennifer discussed the challenges of being a first time home seller with the restrictions of condo rules.  Furthermore, Monesha and Jennifer discussed the staging of her condo for sale.
Monesha discussed the difference of buying a condo vs a house.  There is so much to consider when buying a house. 
Monesha will return to discuss more in November.   Stay tuned to Sirius/xm every Saturday morning from 8am-9am EST to get your Reality Check on Real Estate with Jennifer Hammond

UpCOMING Guest is    ROBERT SHEMIN  for 

Reality Real Estate with Jennifer Hammond Oct 6, 2O12

     Thinking about getting into the GAME  OF REAL ESTATE INVESTING?  Wondering how to do it?  How to get Started in Real Estate?  TUNE IN SATURDAY, Oct 6th for ROBERT LIVE on Sirius/XM Radio talk Show!

Wealth advisor for both CNN, and FOX News, New York times and Wall Street Journal bestselling author with 16 titles including his mega success “How Come that Idiot’s Rich and I’m Not?” and  “7 S.E.C.R.E.T.S of the Money Masters”.  Robert Shemin is one of the nation’s most sought after real estate and financial market forecasters today.

Robert became a millionaire by the young age of 32, retiring from a successful career in investment. Instead of keeping all of his wealth building strategies to himself, he decided to share his secrets and became an Internationally-respected Wealth Creation Expert.
Consistently voted number one speaker by crowds of up to 55,000 people, Robert shares his wealth of information and enthusiasm for teaching others how to be successful.

Is Home Flipping En Vogue Again?

HOW CAN YOU CREATE MONEY from Real Estate?

Today's Talk Radio show was with guest and Real Estate Investor:

Oluseyi Ademiluyi  owner of
Phoenix Design Properties, LLC

Purchases - Sales - Renovations 

Residential & Commercial Real Estate & Notes
Cell : 240 423-8990
www.phoenixdesignproperties.com
Adela Construction, Home & Investment Renovation Services


Tune IN Every week for EXCITING NEWS and VIEWPOINTS about Real Estate!
We are here to Help answer you questions that help you TAKE ACTION in Real Estate.
 

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Upcoming Guest: Michael J. Maher

Saturday, September 23rd  |  8:00 - 9:00 am  |  Sirius/XM 128

MICHAEL J. MAHER

Best Selling Author and Real Estate Guru

Michael J. Maher designed a system, the (7L) System, based around a philosophy of generosity. He, and those who have implemented the system, have found that a business based on generosity leads to reciprocity in the form of referrals, help, and good will far beyond anything they could ever imagine. As Michael says, “It’s a living worth living. It’s a living worth loving.” After sharing this philosophy and system in the International Bestseller (7L) The Seven Levels of Communication: Go from Relationships to Referrals, Michael with no plans for speaking, coaching, or training was instantly inundated with requests to teach the system. Now thousands upon thousands of professionals see him speak, attend his events, and go through this trainings every year.

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  Father and Founder of the Generosity Generation

"Welcome to the Generosity Generation, the largest community of givers in the world. Becoming a member of the Generosity Generation increases your capability to help to infinity. As you know, your compensation is in direct proportion to the value you bring your market, the economy, and the world. Your value to your friends, family members, co-workers, colleagues, and referral partners increases exponentially. We affectionately call this The Magic Wand."

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PURCHASE: 7L The Seven Levels of Communication

Upcoming Guest: Mr. Paul Kiel

Saturday, September 15th  |  8:00 - 9:00 am  |  Sirius/XM 128

PAUL KIEL 

Paul Kiel's coverage of the foreclosure crisis at ProPublica won a 2011 Scripps Howard Award for business/economics reporting and a Best in Business award from the Society of American Business Editors and Writers. He’s produced stories for the Washington Post, USA Today, Slate, and American Public Media’s Marketplace, among others.  

Before joining ProPublica in 2008, Kiel wrote for TPMmuckraker, Talking Points Memo's investigative reporting blog. TPM's coverage of the firings of U.S. attorneys and politicization of the Department of Justice won a George Polk Award for legal reporting.

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PUBLICATIONS

 

The Great American Foreclosure Story: The Struggle for Justice and a Place to Call Home   

By: Paul Kiel  (Kindle Edition) 

ProPublica’s mesmerizing and groundbreaking look at the national housing crisis, told through the lens of one woman whose story came to exemplify it.
Sheila Ramos’s story mirrors the lives of millions of Americans who have lost their homes since the beginning of the housing crisis in 2007. The Great American Foreclosure Story details with clarity and empathy the road that led Ramos and so many like her toward financial ruin. Once the owner of a small business and a home, Ramos fell on hard times. Predatory lending and denied loan-modification applications eventually sent her and her three grandchildren packing, leaving behind their house in Florida and winding up in a tent outside of Ramos’s faraway hometown.

Alongside Ramos’s story are additional investigations by ProPublica reporter Paul Kiel and his colleagues Olga Pierce and Cora Currier documenting the systematic failures at banks, mortgage servicers, and government watchdogs that have exacerbated the country’s most severe foreclosure crisis since the Great Depression. Drawing from whistleblower testimonies, extensive homeowner databases, and a trove of underlying data, The Great American Foreclosure Story is a comprehensive and unrivaled look at the housing crisis, and its continuing human toll.

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ARTICLES

Foreclosure Fail: Study Pins Blame on Big Banks

Sept. 11, 1:35 p.m.

A study by government and academic researchers finds that approximately 800,000 homeowners missed out on mortgage modifications because of big banks’ poor performance.

The Bailout: By The Actual Numbers

Sept. 6, 9:16 a.m.

While Democrats paint a glowing picture of the bailout, our Bailout Tracker database tells the whole story. A look at the biggest losses and gains stemming from the TARP and Fannie, Freddie bailout.

Big Foreclosure Compensation, But Only for the Right Wrongs

July 3, 2:01 p.m.

Last month, the government released information on the compensation victims of the banks’ foreclosure practices might receive. For homeowners, it turns out that it’s crucially important just how the bank messed up.

Guiding You Through the Govt’s Foreclosure Compensation Maze

June 6, 11:55 a.m.

The government promises that harmed homeowners will get compensated —but its programs are confusing. We help navigate them.

Where Are the Foreclosure Deal Millions Going in Your State?

May 22, 12:27 p.m.

We contacted every state to see how they are spending the money they received from the foreclosure settlement. Here’s the most comprehensive breakdown available anywhere.

Where Are the Foreclosure Deal Millions Going in Your State?

May 22, 12:26 p.m.

We contacted every state to see how they are spending the money they received from the foreclosure settlement. Here’s the most comprehensive breakdown available anywhere.

Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds

May 22, 12:26 p.m.

Under the foreclosure settlement with big banks, states got $2.5 billion to help homeowners. But a comprehensive, state-by-state breakdown shows that almost a billion is going to general use.

Excerpt: At Goldman Sachs Servicer, ‘Total Disaster’

April 11, 8:53 a.m.

An employee at a mortgage servicer that was owned by Goldman describes the internal chaos that harmed thousands of homeowners and undermined the government’s flagship foreclosure prevention program.

The Great American Foreclosure Story: The Struggle for Justice and a Place to Call Home

April 10, 3 a.m.

The story of how one woman went from a three-bedroom home to a tent is the story of how America ended up in a foreclosure crisis that still drags down the economy.

Will Mortgage Settlement Avoid Repeating Obama’s Foreclosure Failures?

Feb. 10, 11:55 a.m.

Yesterday’s mortgage settlement aims to avoid the pitfalls of the administration’s floundering foreclosure program, but enforcement is again a question. 
 

Bio

Meet Jennifer Hammond...

 

Ms. Hammond was born in the picturesque harbor town of Belfast, Maine, the child of Washington, D.C. natives. She moved to Key West when she was 7 years old and fell in love with sailing, diving, boating and the beach lifestyle. She lived there until she went to college at the University of West Florida in Pensacola, Florida. There she received her B.A. in legal administration and then received her Master’s in Public Administration. In college, Ms. Hammond developed an interest in journalism and hosted two television programs, one of which dealt with political topics and the other, a promotional program for the university. Thereafter, Ms. Hammond moved to Washington, D.C. and worked for a member of Congress in addition to several law firms.

 

Ms. Hammond has worked as a Realtor for 15 years, the first ten of which were with Tutt, Taylor & Rankin which then became the Washington, D.C. affiliate, TTR Sotheby’s International Realty. She is licensed in Washington, Maryland and Virginia and has a wide and diverse client base spanning from people relocating to investors, to the luxury homebuyers and sellers. In 2001, Ms. Hammond lived in the U.S. and British Virgin Islands wherein she developed an expertise in real estate pertaining to the Caribbean Islands. In 2006, Ms. Hammond worked with the Managing Partner and Principal Broker in the relocation from Detroit to the Washington metropolitan area of more than 100 families who were employed by the Volkswagen Corporation of America. This resulted in more than $100 million in sales for the company and Ms. Hammond had the honor of representing the CEO himself in the purchase of his personal residence. In addition to her work as a Realtor, she is actively involved as a real estate investor, buying and selling properties in the area. She often provides counsel to clients who are interested in the same.  Ms. Hammond also hosts her own highly successful weekly radio program called Reality Real Estate with Jennifer Hammond on Sirius/XM radio, channel 128, every Saturday at 8am EST.

 

Ms. Hammond has been continuously recognized by her association and her firm as a top producer and has obtained the prestigious recognition and designation of Graduate, Realtor Institute (GRI). In addition, Ms. Hammond has received the designation of a CBR, a Certified Buyer's Representative.  

Ms. Hammond’s outside philanthropic endeavors include: the planning and development of the Dream Ball for Charity Works, which supports the USO; raising money for various charities under the aegis of The New Dominion Women’s Club of McLean; Youth for Human Rights; the McLean Project for the Arts which supports emerging artists; and the Annual Bark Ball to support the Washington, D.C. Humane Society. She is currently a resident of McLean, Virginia.

 

Jennifer Hammond

TTR Sotheby's International Realty
1206 30th St NW
Washington, DC 20007

Phone: 202 345 2343