HAMP ERING the Economy

Dated: November 21 2012

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HAMP-ering the Economy

Although very well intentioned, the Home Affordable Modification Program (HAMP), is proving to be a big failure so far.  The government program was intended to help 3-4 Million distressed homeowners modify their mortgages to affordable rates that they could continue to make payments on and avoid foreclosure.  Now, it's being projected that less than 35% of those people will be able to get help from HAMP.  That leaves millions without any help or light at the end of the tunnel, and they're only option now is to walk away from the home and let the banks take it.  HAMP is costing the taxpayers $75 Billion.  The bottom line is there are millions of REOs still to come. 

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  • Posted by Marta Soto
    Prepping a Home for Sale: Simple Staging Tips for Inside and Out O Before you show your home to any potential buyer, you want to make sure the staging is perfect. Follow these general tips and your home will look better than the competition. FOR THE INSIDE Clear all unnecessary objects from furniture throughout the house. Keep accessories and objects on the furniture restricted to groups of 1, 3, or 5 items. In general, a de-cluttered home helps the buyer mentally “move in” with their own things. Rearrange or remove some of the furniture in your home, if necessary. Many times home owners have too much furniture in a room. When it comes to selling your home, thin out overcrowded rooms to make the rooms appear larger. Clear all unnecessary objects from the kitchen countertops. If it hasn’t been used for three months…put it away! Clear refrigerator fronts of messages, magnets, pictures, etc. In the bathroom, remove any unnecessary items from the countertops, tub, shower stall, and commode top. Keep only the most necessary cosmetics, brushes, perfumes, etc., in one small group on the counter. Coordinate towels in one or two colors only. Take down, reduce, or rearrange pictures and objects on walls. Patch and paint all walls, if necessary. Review the house interior, room by room, and… 1. Paint any room needing paint. 2. Clean carpet and draperies that need it. 3. Clean windows. Pack up and store. If you need room to store extra possessions, get a storage unit. Leave on certain lights during the day . During showings turn on ALL lights and lamps. Set a background tune. Play light FM music every day in the house, for all viewings. FOR THE OUTSIDE Go around the perimeter of the house and move all garbage cans, discarded wood scraps, extra building materials, etc., to the garage or, if applicable, take them to the dump. Check gutters and roof for dry rot and moss. Make sure they are swept and cleaned. Examine all plants. Plants are like children…they grow so fast. Prune bushes and trees. Keep plants from blocking windows: “You can’t sell a house if you can’t see it!” Remove any dead plants, weed all planting areas, and put down fresh mulching material. Keep your lawn freshly cut, edged, and fertilized during the growing season. Clear patios or decks of all small items, such as little planters, flower pots, charcoal, barbeques, toys, etc. Check the condition of the paint on your home, especially the trim and the front door. The first impression, or “curb appeal,” is very important. IN GENERAL Try to look at your house “through a buyer’s eyes,” as though you’ve never seen it before. This exercise will help you see what needs to be done. Any time and money invested on these items will usually bring you the return of more money and a quicker sale. Barb Schwarts

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