HAPPY THANKSGIVING
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CFR Admin and Accounting will be closed Thursday and Friday ... 11-27 & 11-28 for Thanksgiving ... All the Owners, Brokers, Managers and Staff wish everyone a Happy Turkey Day ... Being with your Friends, Family or love ones is a blessing that we all should cherish and be thankful for ...
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This time of year it is very easy to get depressed when looking at the doom and gloom of the current economy, the job layoffs, the market conditions and uncertainty of the immediate future ... However, we can not escape the responsibility we have to get back up, dust ourselves off and continue to be positive in the face of adversity ...
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I feel the excitement building and the anticipation of the upcoming year is getting stronger and stronger ... Here at CFR we are continuing to grow in transactions completed and our number of agents are increasing each month ...
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We would like to welcome the latest 24 agents to join us ... Yolanda Bailey, Ginger Bergen, Myla Bushman, Seth Carroll, William Conway, Truman Cox, Normando De Halle, Russell Ellis, Brian Epstein, James Fagan II, Ana Fuentes, Leticia Gavira, Tammy Hamilton, Catherine Jay, Shannon Lee, Margarita Perez, Rafael Perez, Monica Placencia, Sergio Polanco, Adrian Regus, Guadalupe Sosa, Cecilia Trujillo, Diane Turner-Martin and Jose Yanez ... We continue to hire very experienced agents which strengthens our position in the market ...
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The acceptance of our latest venture, the 'Clients Assist' Division, has proven to be an undertaking that will be well worth the efforts the CAD member are putting forth ...
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We have had several classes covering the 'Clients Assist' programs and the attendance is appreciated ... The response has be positive and all that have attended stated that they had a better understanding of the current market, short sales, loan modification and short-pay refi programs ...
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We have started processing clients through CAD ... we are finding out that some of the lenders are being very responsive and really want to assist in the different programs but a great many of the banks are still bogged down, waiting for the Federal Gov't to light the way with additional programs that would continue to benefit the banks in dealing with the troubled loans ... the initial bailout was a benefit to the banks but did nothing for the homeowners that are in trouble ... this problem is not going away ... we will be addressing these issues for at least the next three to five years ...
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Even after the lenders modify the loans the homeowners are realizing that they are still in an extreme negative equity position that could take 10 to 20 years to correct with normal real estate appreciation ... most lenders in their modification programs are dealing with length of the loan or the interest rate but are not addressing the equity problem ... there have been several programs that have been started by the gov't and shortly abandoned because they did not work ... this has left the homeowners needing our assistance even more ...
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