Homeowners Hope for Easier and More Streamlined Modification Rules

Hello, Valued Member! Top 5 in Real Estate Network® Members are dedicated to providing you with the most up-to-date, helpful real estate information. This monthly newsletter, "Real Estate Matters," offers articles on a range of topics that will inform you in your real estate pursuits.

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Darryl Baskin

Broker Associate
McGraw Realtors
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Member, Top 5 in Real Estate
Phone:	918-258-2600
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Are More Streamlined Loan Modifications on the Horizon?
This month’s newsletter provides a detailed look at the foreclosure probe and homeowners' hope that streamlined modification rules will help simplify the process. Real Estate Matters also offers some tips to save you time and money on home appraisals; a guide to navigating today's housing inventory; a look at housing recovery factors; ways to prevent identity theft and more.

Top 5 Members are uniquely qualified to not only help you get educated on these matters, but make them as effortless as possible. Only Top 5 Members can provide you with the kind of exclusive information found here in Real Estate Matters - a monthly look at what's really happening in the housing market. It's a privilege to provide you with this important information. Enjoy this monthly e-newsletter, and as always, your feedback is welcomed - call or email any time!

This Month's Top Story

Homeowners Hope for Easier and More Streamlined Modification Rules as Result of Foreclosure Probe

RISMEDIA, December 7, 2010—(MCT)—Union County, N.C., homeowner Barry Lancett signed two agreements with a national lender this year to modify the terms of his mortgage but still received a disturbing piece of paperwork: a foreclosure notice. “A deputy comes to your door and delivers it in front of the community,” said Lancett, who later avoided foreclosure but is still dealing with lingering issues. “It was humiliating, to say the least.”

More Top Stories
	10 Appraisal Tips that Will Save You Time and Money RISMEDIA, December 7, 2010—Mortgage rates are at near-historic lows, but sinking home values are often lowering appraisals as well. If you are considering refinancing your home, what do you need to know about the appraisal process to help ensure you get the best possible appraisal on your home?
	Top 10 Ways to Guard against Identity Theft RISMEDIA, December 7, 2010—Consumers today are well aware that having their identity stolen can be a financial and emotional disaster. Most know better than to give out PIN or credit card numbers over the phone or the Internet unless they are very sure who is on the other end of the line.
	Tips on How Buyers Can Sift through Housing Inventory Effectively and Efficiently RISMEDIA, December 7, 2010—Five years ago, a serious buyer who was pre-approved for a mortgage loan typically spent three to four weeks looking for a home and usually visited 15-20 homes. Now the search can take much longer with the amount of inventory on the market.
	Housing Market Recovery Depends on Jobs and Access to Credit, Says NAR RISMEDIA, December 7, 2010—Although the recent trend of rising long-term borrowing rates may mean higher mortgages for consumers in the coming months, the greater obstacles to housing market recovery are job creation and availability of credit, according to a National Association of Realtors analysis. “Modest changes in mortgage rates are less important to a housing market recovery than the number of people who are able to obtain mortgages,” said NAR Chief Economist Lawrence Yun.

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