Archive for October 7th, 2010
Bark In The Park with Charles County Humane Society on 10.10.2010!
Looking for a chance to take Fido or Rover out to the dog park for some fun in the sun? Sunday, October 10th, 2010, is the perfect day to do it! The Charles County Humane Society is hosting their annual Bark in the Park fundraiser! Their goal this year is to raise at least $40,000, and it’s a great opportunity to let your pup play with other local dogs, enjoy the park, and join in the festivities!
The full schedule for the bark in the park 2010 is listed below, and the event is being held at the Turkey Hill Dog Park in La Plata, MD. Directions can be found here. I’m hoping I can attend, so if you see me there, make sure you say hi!
Schedule of Events 2010
| 09:30 a.m. 10:00 a.m. 10:15 a.m. 10:30 a.m. 11:00 a.m. |
Registration/Check in Police Dog Demo Bloodhound Demo Recognition of Sponsors Calvert K9 Search and Rescue |
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| 11:30 a.m. | Fun Dog Show
|
|
| 12:00 p.m.
12:00 p.m. 12:30 p.m. 01:00 p.m. |
Dance perfomance from Donna’s Dance…A Studio The WALK Begins! Recognition of Shelter Groups |
|
Going on All Day
| Ask the Trainer
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10:00 a.m. – 12:00 p.m.
12:00 p.m. – 3:00 p.m. |
| Great food and shopping | |
Doggie Games:
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Did PNC Just Halt All Foreclosures in the United States? YEP!
There’s a rumor going around among REO agents across the country that PNC may have frozen foreclosures across the board. So far I have heard of four states where PNC foreclosures were supposedly halted: Arizona, Texas, Oregon, and Florida.
What’s interesting is that PNC REO agents in those states have said that PNC has halted their properties, and three of those states aren’t even judicial foreclosure states involved in the robo-signing drama, indicating this may be a nationwide decision.
Anyone out there have more information about this? I’d love to get confirmation from more people with direct knowledge who could anonymously confirm or deny the rumor.
**UPDATE**
PNC Has not made any comment publicly yet, but internal memos being sent to title companies and REO agents are now stating that PNC is halting foreclosures for the next 30 days so that they can review documents to ensure the process is being handled properly.
Fannie Mae Military Forbearance is Mostly Toothless Goodwill
Fannie Mae recently announced a new loan forbearance program specifically for military members. If you’d like to know all of the details you can visit the website for the program here, but I’ll give you the highlights:
IF:
- You are ineligible or do not want to refinance
- You are facing a financial hardship due to either an injury or loss of spouse in active duty
- You are several months behind on your mortgage payments
Then This Program Will:
- Lower or temporarily suspend your monthly payment for up to 6 months—giving you time to improve your financial situation and get back on your feet
- No adverse credit reporting (related to your mortgage loan) during the forbearance period
- Stay in your home and avoid foreclosure
However:
- you will need to repay the amount that was reduced or suspended. You can do this by moving the payments to the end of your mortgage, which will lengthen the term; making a one-time payment for the amount; or adding a specific amount to your payments each month until the entire amount is repaid
Does this make for good headlines in the newspapers about lenders playing nice with struggling military families? YES. Does it help struggling homeowners with a solution for long term stability? NO.
If a spouse in injured or lost in the line of duty, their spouse could end up having trouble making ends meet (understandably), so the idea is to give them extra time to get back on their feet and come up with a solution. What it doesn’t do is help them actually find a financial solution. If a widowed wife or wounded warrior is behind on their mortgage, they may be able to get the clock frozen, but it doesn’t help with the other associated problems that these folks are likely to be facing, such as severely underwater equity, newly unaffordable monthly payments, sudden loss or reduction of income, etc.
The program could be just what the doctor ordered for people struggling while they wait for some sort of large lump sum insurance payout, but I suspect that the demographic of people who will actually be “saved” from foreclosure with this program is fairly small.
It stinks to see people risking and sacrificing their lives to protect our country only to have their mortgage lender say “Thanks for your sacrifice, as a reward we’re gonna wait six extra months before we foreclose and throw your family on the street”. If Fannie Mae really wants to help, how about ensuring principle/payment reductions or guaranteed refinance options to help out those who have given so much to our country? It’s a crime that this is the best they can do.
Jon Benya Keller Williams of Southern Maryland
tel (301) 653-8113
fax (301) 632-5481
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