Blogging from Brookside in Kansas City

More Help for Unemployed Homeowners

Here's disturbing news from Shawn Donovan, HUD Secretary:  about 3500 homeowners per day are falling behind on their mortgage payments due to unemployment. With the unemployment rate stagnent, this situation could easily  extend beyond 2012.

Some help is  coming from the Obama administration for those unemployed homeowners:  for those with an FHA backed loan, forbearance will be extended from four months to twelve months.  This will give the unemployed more time to find a job while the house payment is 'on hold'.  Unless jobs become more plentiful, however, this may just delay the inevitable foreclosure.

I appreciate the President trying to work with cash-strapped homeowners looking for work, but the #1 thing that will get us out of this poor economy is JOBS. JOBS. JOBS. 

Mary Hutchison, SRES, ABR

(Brookside/Armour Hills resident, local business supporter, NPR fan, Habitat ReStore volunteer, thankful for the gift of another day!)

**********

Better Homes and Gardens Real Estate/Kansas City Homes

mary.hutchison@kansascityhomes.com

816 510 1262

www.maryhutchison.org

 

Comment balloon 0 commentsMary Hutchison, SRES, ABR • July 11 2011 12:36PM
More Help for Unemployed Homeowners
share
Here's disturbing news from Shawn Donovan, HUD Secretary: about 3500 homeowners per day are falling behind on their mortgage payments due to unemployment. With the unemployment rate stagnent, this situation could easily extend beyond 2012. … more
Brookside (Kansas City MO) Area Home Sales Stats 2011 Comparison
share
Today I am comparing home sales statistics for the first six months of 2011 with the first six months of 2010 in two of the larger area subdivsions here in Brookside, Kansas City MO: Rockhill Gardens: 2010: 18 homes sold. Lowest… more
What Do You Appreciate About Living in the USA?
share
Last night I watched the HBO documentary, "Citizen USA: A 50 State Road Trip". Filmmaker Alexandra Pelosi visited naturalization ceremonies in all fifty states, asking new citizens why they chose to renounce their birth country and become… more
Armour Hills Freedom Parade
share
Really enjoyed seeing all my friends and neighbors today at the Armour Hills Freedom Parade! The past few years it's been so humid as well as hot--today it was just hot. As a result I think we had more attendence than last year, also, we started… more
Tips for Buying a Home in Brookside (Kansas City MO) Part 2
share
When buying a home in Brookside, you don’t want to overpay for the house…but there are some features worth paying more for. As you visit Brookside homes and compare different features, here are some tips to remember. It’s worth paying more… more
Parkway Towers Condo For Sale - On the Country Club Plaza!
share
Ready for a maintenance free lifestyle? This is it! Live at the Parkway Towers condominiums, 4545 Wornall in Kansas City MO… with the Country Club Plaza as your front yard! This one bedroom, one bath unit is on the 11th floor--fantastic… more
Is This A Safe Area?
share
How many times have you been asked that question as a Realtor? And how do you answer? Especially with out of town buyers, this can be a tricky question. Our buyers should know we want to provide them with all of the information they ask about… more
Appealing Your Home's Property Tax Assessment in Jackson County MO
share
My husband says, "Did you see we received the property tax assessment on the house today? ". Yes, I did see that form. As a real estate agent, I'm especially aware of our home's property tax value. But when these notices go out, it also… more
Housing Trends for Boomers' Parents?
share
Interesting front page story yesterday in the Kansas City Star newspaper, titled "A New Way of Living". The story took information from the recent census and explained how lifestyle changes are affecting living arrangements. The… more
The Best Way to Say "Thanks" to Your Realtor
share
This past Sunday night my husband and I went to see the movie "Bridesmaids". I haven't laughed that hard at a movie since "The 40 Year Old Virgin" -- it's a very funny movie but with a story men and women can relate to. The… more