As I read this morning's paper that more than 1,200 home owners attended the Hope Now Workshop yesterday at the Sacramento Convention Center, I feel good about the process. However, the other facts such as nationally, three million home owners lost their homes in 2006; California foreclosures have reached 275,000 since 2007; and in northern California, in the counties of Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba, more than 29,000 home owners have lost their homes since 2007 to foreclosure, the number of people who are actually able to avoid or stop foreclosure seem abysmally small.
This Sacramento foreclosure workshop was the 28th held nationally by Hope Now. The next workshop is scheduled for Los Angeles on Saturday.
Some home owners walked out of the Sacramento Convention Center with a workout plan or loan modification, but some also left feeling hopeless. Especially when told by their lenders to fax information to them that has already been faxed and most likely misplaced. Yet, I still believe that trying to help people stay in their homes is a step in the right direction. It makes me wish that the banks and our politicians had started this process much earlier, like two years ago, but hindsight won't buy you a cup of coffee these days.
Photo: Big Stock Photo
The Short Sale, by Elizabeth Weintraub, coming from Archer Ellison in January 2009.
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Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available through bookstores everywhere and at Amazon.com.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.
The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate.
