Napa Valley Address

Napa Valley Real Estate | Yountville Real Estate

  • Home
  • Blog
  • Listings
  • About
  • Contact
  • Home
  • About
  • Search ►
  • Yountville
  • Oakville
  • Napa
  • St. Helena
  • Rutherford
  • Calistoga
  • Angwin
  • Pope Valley
You are here: Home / Curtis Van Carter / New details on proposed plan to help responsible borrowers with their underwater mortgages

New details on proposed plan to help responsible borrowers with their underwater mortgages

February 6, 2012 by Curtis Van Carter Leave a Comment

President Obama details plan to help responsible homeowners
In his State of the Union address, President Obama laid out a plan to help responsible borrowers and support a housing market recovery.

Key aspects of the president’s plan include:

  • Broad-based refinancing: The president’s plan will provide borrowers who are current on their payments with an opportunity to refinance and take advantage of historically low interest rates
  • Homeowner Bill of Rights: The president is putting forward a single set of standards to make sure borrowers and lenders play by the same rules, including: Access to a simple mortgage disclosure form, so borrowers understand the loans they are taking out; full disclosure of fees and penalties; guidelines to prevent conflicts of interest that end up hurting homeowners; support to keep responsible families in their homes and out of foreclosure; and protection for families against inappropriate foreclosure, including right of appeal.
  • First pilot sale to transition foreclosed property into rental housing: The FHFA, in conjunction with Treasury and HUD, is announcing a pilot sale of foreclosed properties to be transitioned into rental housing.  C.A.R. is opposed to bulk sales of REO properties in California.
  • Providing a full year of forbearance for borrowers looking for work: Following the administration’s lead, major banks and the GSEs are now providing up to 12 months of forbearance to unemployed borrowers.
  • Pursuing a joint investigation into mortgage origination and servicing abuses: This effort marshals new resources to investigate misconduct that contributed to the financial crisis under the leadership of federal and state co-chairs.
  • Rehabilitating neighborhoods and reducing foreclosures: In addition to the steps outlined above, the administration is expanding eligibility for HAMP to reduce additional foreclosures, increasing incentives for modifications that help borrowers rebuild equity, and is proposing to put people back to work rehabilitating neighborhoods through Project Rebuild.

C.A.R. and NAR support the Obama Administration’s efforts to help homeowners and the struggling housing market, because restoring the health of the housing market is critical for the nation’s economic recovery.

From C.A.R. NewsLine

Thank you for reading this post. If I can ever be of help in finding you the perfect property here in the Napa Valley, please email me at Curtis@NapaValleyAddress.com

Your  Napa Valley Broker Extraordinaire, selling  Real Estate from its heart, Yountville

My website & blog: www.NapaValleyAddress.com

Share this:

  • Tweet

Related

Filed Under: Curtis Van Carter, RE Current Info Tagged With: Curtis Van Carter, RE Current Info

Curtis Van Carter, has been one of Napa Valley Real Estate's most knowledgeable and experienced agents. He has been characterized by his clients for his honesty and knowledge to make a home sale or purchase as smooth as possible. If you are interested in selling or listing a home please call or EMAIL Curtis here.

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Napa Valley Real Estate Search

Area Info

  • ,
  • Calistoga, Ca
  • Napa, CA
  • Oakville, CA
  • Rutherford, CA
  • St. Helena, CA
  • Yountville, CA

Latest Yountville Real Estate

  • $719,000 162 Vineyard Circle
    Yountville, CA
  • $684,000 6600 Yount Street #10
    Yountville, CA
  • $2,739,000 6526 Vista Drive
    Yountville, CA
  • $2,049,000 1906 Oak Circle
    Yountville, CA
  • $875,000 131 Vineyard Circle
    Yountville, CA
162 Vineyard Circle
Yountville, CA
Photo of 162 Vineyard Circle, Yountville, CA 94599 (MLS # 22003164)
$719,000
Lot Size
1,120 sqft

Home Size
1,154 sqft

Beds
2 Beds

Baths
2 Baths

6600 Yount Street #10
Yountville, CA
Photo of 6600 Yount Street #10, Yountville, CA 94599 (MLS # 22011991)
$684,000
Lot Size
410 sqft

Home Size
1,054 sqft

Beds
2 Beds

Baths
1 Bath

6526 Vista Drive
Yountville, CA
Photo of 6526 Vista Drive, Yountville, CA 94599 (MLS # 22028117)
$2,739,000
Lot Size
7,610 sqft

Home Size
3,100 sqft

Beds
4 Beds

Baths
3 Baths

1906 Oak Circle
Yountville, CA
Photo of 1906 Oak Circle, Yountville, CA 94599 (MLS # 321007320)
$2,049,000
Lot Size
6,116 sqft

Home Size
1,667 sqft

Beds
3 Beds

Baths
2 Baths

131 Vineyard Circle
Yountville, CA
Photo of 131 Vineyard Circle, Yountville, CA 94599 (MLS # 321008872)
$875,000
Lot Size
1,508 sqft

Home Size
1,154 sqft

Beds
2 Beds

Baths
2 Baths

  • 162 Vineyard Circle
    Yountville, CA
    Photo of 162 Vineyard Circle, Yountville, CA 94599 (MLS # 22003164)
    $719,000
    Lot Size
    1,120 sqft

    Home Size
    1,154 sqft

    Beds
    2 Beds

    Baths
    2 Baths

  • 6600 Yount Street #10
    Yountville, CA
    Photo of 6600 Yount Street #10, Yountville, CA 94599 (MLS # 22011991)
    $684,000
    Lot Size
    410 sqft

    Home Size
    1,054 sqft

    Beds
    2 Beds

    Baths
    1 Bath

  • 6526 Vista Drive
    Yountville, CA
    Photo of 6526 Vista Drive, Yountville, CA 94599 (MLS # 22028117)
    $2,739,000
    Lot Size
    7,610 sqft

    Home Size
    3,100 sqft

    Beds
    4 Beds

    Baths
    3 Baths

  • 1906 Oak Circle
    Yountville, CA
    Photo of 1906 Oak Circle, Yountville, CA 94599 (MLS # 321007320)
    $2,049,000
    Lot Size
    6,116 sqft

    Home Size
    1,667 sqft

    Beds
    3 Beds

    Baths
    2 Baths

  • 131 Vineyard Circle
    Yountville, CA
    Photo of 131 Vineyard Circle, Yountville, CA 94599 (MLS # 321008872)
    $875,000
    Lot Size
    1,508 sqft

    Home Size
    1,154 sqft

    Beds
    2 Beds

    Baths
    2 Baths

Previous Next
 

Napa Valley Info & Links

  • Napa Valley Sold 10/1/20to 12/31/20
  • Napa Valley Photos on Flirkr
  • Napa Valley Videos
  • Yountville Sun Front Pages
  • Yountville A Personal Perspective
  • Detail Neighborhood Info About Yountville
  • Detail Neighborhood Info About St. Helena
  • Detail Neighborhood Info About Calistoga
  • Detail Neighborhood Info About Napa
  • Detail Neighborhood Info About Angwin
  • Detail Neighborhood Info About Oakville

Categories

About…… Curtis Van Carter

Curtis is one of Napa Valley's most experienced and trusted real estate agents.

Follow Curtis

  • Facebook
  • Google+
  • LinkedIn
  • Pinterest
  • RSS
  • Twitter
  • YouTube

Recent Posts

  • Calistoga, Napa Valley, Weekly Real Estate Update March 1, 2021
  • Yountville, Napa Valley, Weekly Real Estate Update February 26, 2021
  • St Helena, Napa Valley Weekly Real Estate Update February 24, 2021
  • Calistoga, Napa Valley, Weekly Real Estate Update February 23, 2021
  • Yountville, Napa Valley, Weekly Real Estate Update February 19, 2021

Napa Valley Info & Events

  • Napa Valley Sunday Open Houses
  • Napa Valley Sold 10/1/20 to 12/31/20
  • Upcoming Napa Valley Events
  • Useful Napa Valley Links
  • Napa Valley Photos on Flirkr
  • Napa Valley Videos
  • Yountville Sun Front Pages
  • Yountville A Personal Perspective

Our Services

  • Short Sales
  • Foreclosures
  • Home Listing
  • Buyer's Broker

Contact

Better Homes & Gardens
Wine Country Group
707.944.0421 office
707.815.8584 cell
DRE # 00770113
  • Home
  • Blog
  • About
  • Listings
  • Contact

© 2021 · Napa Valley Address · Built by Varick Design