Comments on: Sacramento Real Estate Writes Letter to All Banks http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/ Home buying, home selling tips, neighborhood videos, Instant Foreclosure access, Instant MLS search homes for sale,market stats, Sat, 22 Nov 2008 23:17:58 +0000 http://wordpress.org/?v=2.6.1 By: South Charlotte Real Estate http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-13221 South Charlotte Real Estate Mon, 26 Nov 2007 15:28:41 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-13221 What a great post for Sacramento, For Californian for the whole country. Accurate in all the details. And it sounds live the Governor heard it, and shared it with the top lenders... now if the others will just follow. What a great post for Sacramento, For Californian for the whole country. Accurate in all the details. And it sounds live the Governor heard it, and shared it with the top lenders… now if the others will just follow.

]]> By: Gena http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-12181 Gena Wed, 26 Sep 2007 03:27:59 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-12181 Susan, my heart goes out to you and your family. It's hard to imagine the pain that so many are going through. Although I see people such as yourself each and every day, it always comes as another shock ... there are so many. I wish there was an easy answer that could turn this all around. It will be a very difficult weekend for you and know that extra prayers are coming your way to get you through. There are better things ahead and it sounds as though you have good faith, God will see you through. New memories are ahead...gena Susan, my heart goes out to you and your family. It’s hard to imagine the pain that so many are going through. Although I see people such as yourself each and every day, it always comes as another shock … there are so many. I wish there was an easy answer that could turn this all around.

It will be a very difficult weekend for you and know that extra prayers are coming your way to get you through.

There are better things ahead and it sounds as though you have good faith, God will see you through.

New memories are ahead…gena

]]> By: Susan http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-12178 Susan Tue, 25 Sep 2007 19:06:01 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-12178 Thank you for writing that letter. My husband and I just lost our home that we owned 24 yrs. My children were raised there and the memories are all we have left. We will be moving out this weekend and I have shed many tears. This leaves us so very humble and now on to new territory for us.... renting. Not easy to rent with a foreclosure on your credit report. This affects everyone and is so extremeley painful and devasting. Luckily we have strong faith in God and feel blessed to have jobs and good health. Prayers for all who are affected because there are many. Thank you for writing that letter. My husband and I just lost our home that we owned 24 yrs. My children were raised there and the memories are all we have left. We will be moving out this weekend and I have shed many tears. This leaves us so very humble and now on to new territory for us…. renting. Not easy to rent with a foreclosure on your credit report. This affects everyone and is so extremeley painful and devasting. Luckily we have strong faith in God and feel blessed to have jobs and good health. Prayers for all who are affected because there are many.

]]> By: Gena http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-11788 Gena Thu, 30 Aug 2007 14:05:11 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-11788 Keith, couldn't agree with you more. These folks are getting hit from all sides. For reason a lot of people think that it's just those that "shouldn't have been able to buy in the first place." And they don't seem to have any emphathy...it's also those who have lived in their homes for 35 years that refinanced and got themselves into an adjustable loan that now they can't afford. And many of them either can't sell or have no place to go. It's a very unpleasant picture. Keith, couldn’t agree with you more. These folks are getting hit from all sides. For reason a lot of people think that it’s just those that “shouldn’t have been able to buy in the first place.” And they don’t seem to have any emphathy…it’s also those who have lived in their homes for 35 years that refinanced and got themselves into an adjustable loan that now they can’t afford. And many of them either can’t sell or have no place to go. It’s a very unpleasant picture.

]]> By: Keith Jeppson http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-11784 Keith Jeppson Thu, 30 Aug 2007 03:43:44 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-11784 What a great read Gena. May I add the travesty of pre-payment penalties! The lenders are acting like carpet baggers (Gone with The wind) and collecting 6 m onths of interest as a penalty to the folks that try and do the respectable thing and sell their home when they realize they are going to fall behind and go into foreclosure. The lenders deserve the turmoil they are in! To bad it has to hurt the rest of us as well. What a great read Gena. May I add the travesty of pre-payment penalties! The lenders are acting like carpet baggers (Gone with The wind) and collecting 6 m onths of interest as a penalty to the folks that try and do the respectable thing and sell their home when they realize they are going to fall behind and go into foreclosure.

The lenders deserve the turmoil they are in! To bad it has to hurt the rest of us as well.

]]> By: Gena http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-11657 Gena Mon, 20 Aug 2007 16:11:57 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-11657 Kaye, many of these homeowners don't and didn't realize the implications of these loans...they are not in the loan business. Just as I am not a brain surgeon and am not aware of all the ins and outs of surgery. There was a lot of trust in the industry and they have broken that trust. It's time for them to step and do the right thing and stop this neighborhood wreck that is going on throughout the United States. Kaye, many of these homeowners don’t and didn’t realize the implications of these loans…they are not in the loan business. Just as I am not a brain surgeon and am not aware of all the ins and outs of surgery. There was a lot of trust in the industry and they have broken that trust. It’s time for them to step and do the right thing and stop this neighborhood wreck that is going on throughout the United States.

]]> By: Gena http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-11656 Gena Mon, 20 Aug 2007 16:08:57 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-11656 Roberta, I hope you are right and not only Wells Fargo but all the rest of them. I love Real Estate because of the feeling I get helping people realizing their dreams and this part of Real Estate makes me sick. It's time for all Realtors to stand up and let the Banks know that we aren't going to put up with it. Stop already!! Roberta,
I hope you are right and not only Wells Fargo but all the rest of them. I love Real Estate because of the feeling I get helping people realizing their dreams and this part of Real Estate makes me sick. It’s time for all Realtors to stand up and let the Banks know that we aren’t going to put up with it. Stop already!!

]]> By: Kaye Thomas http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-11655 Kaye Thomas Mon, 20 Aug 2007 16:08:23 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-11655 Gena- Great article.. while homeowners have to take responsibility for umping into these loans the banks must also stand up and take responsibility for some really stupid loans. Gena- Great article.. while homeowners have to take responsibility for umping into these loans the banks must also stand up and take responsibility for some really stupid loans.

]]> By: Carlsbad Real Estate http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-11654 Carlsbad Real Estate Mon, 20 Aug 2007 16:03:34 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-11654 Gena: An awesome letter! In times of emergency, emergency measures need to be taken. I hope the CEO of Wells Fargo reads this. Hats off to you! --Roberta Murphy Gena:

An awesome letter! In times of emergency, emergency measures need to be taken. I hope the CEO of Wells Fargo reads this.

Hats off to you!

–Roberta Murphy

]]> By: Gena http://sacramentorealestatevoice.com/2007/08/20/sacramento-real-estate-writes-letter-to-all-banks/#comment-11653 Gena Mon, 20 Aug 2007 15:49:27 +0000 http://sacramentorealestatevoice.com/2007/08/19/sacramento-real-estate-writes-letter-to-all-banks/#comment-11653 Donna, A shout out to you! I have sat back long enough waiting for sensibility but so far have seen NONE! It is time for all of us to write and get the message out to the Banks...perhaps then we might see a change. Thanks for your support. Donna,
A shout out to you! I have sat back long enough waiting for sensibility but so far have seen NONE! It is time for all of us to write and get the message out to the Banks…perhaps then we might see a change.

Thanks for your support.

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