Monday, October 10, 2011

Venezuelan Youth Philarmonic

City of Commerce Home Sales Statistics For February 2010

New Listings: 8
Average Listing Price: $ 238,333
Listings Under Contract: 6
Average Listing Price: $ 212,333
Sold Listigs: 1
Average Listing Price: $ 255,000
% Sales Price Versus Listing Price: 104.59 %
% Sales Price Versus Old Listing Price: 104.59 %
Average Days on The Market: 27

www.stoppayingrentinla.com City of Commerce Real Estate, Foreclosures, City of Commerce Probates, City of Commerce Homes For Sale, City of Commerce Short Sales, Maps, Calculators

Rescate a Propietarios De Casa

Noticias de última hora: Nuevo Programa de Obama rescata a los propietarios bajo el agua

05 de junio 2011 · Deja tu comentario Su fácil de leer esta historia y ser escéptico ... después de todo, 2012 es un año electoral. Muchos verán este programa propone como nada más que una buena compra de edad votación de moda .... Sin embargo usted lo ve, principales deducciones saldo de la hipoteca están de vuelta en el juego.   Eso es correcto, el programa de patrimonio neto negativo mítico sobre la mesa.

¿Hay alguna forma en que algo como esto va a suceder dado el republicano (y Tea Parties) intentó pasar a un enfoque más conservador para el gasto? Recuerde que la gente, este es SU dinero del pagador de impuestos el dinero ... ... que se va a reducir los saldos de capital de la hipoteca.

Comparte tus pensamientos .. es hora de rescatar a los propietarios de viviendas?

La administración Obama quiere ayudar a más estadounidenses que luchan permanecer en sus hogares mediante la reducción de la cantidad que debe en sus hipotecas en problemas, un alto funcionario del Tesoro dijo el sábado.

"Estamos definitivamente tratando de facilitar la reducción de más capital," dijo Timothy Massad, en calidad de secretario adjunto del Tesoro para la estabilidad financiera. "Es una pieza muy importante de la solución global", dijo.

El gobierno está intentando a través de programas financiados por los contribuyentes para evitar que los propietarios pierdan sus casas. Casi $ 50 mil millones han sido retiradas del rescate de los bancos 700 mil millones dólares conocido como Programa de Alivio de Activos en Problemas, o TARP, para ayudar a propietarios en dificultades.

La persistencia de alto desempleo y un débil mercado de la vivienda suponen una amenaza para las perspectivas del presidente Obama reelección el próximo año.

Hasta ahora, uno de los programas ha ayudado a unos 670.000 propietarios en dificultades ganar más bajos pagos de la hipoteca. Pero eso ha hecho muy poco para ayudar al mercado de la vivienda en general, que se mantiene deprimida como en otras partes de la economía han comenzado a recuperarse.

Un exceso de casas en venta, las ejecuciones hipotecarias, la escasez de crédito y la demanda poco han impedido la recuperación de la vivienda. Los datos recientes muestran que los precios cayeron por debajo de la casa baja visto en abril de 2009 durante la crisis financiera.

"Este ha sido un mercado de la vivienda muy, muy difícil como consecuencia del hecho de que pasamos por una crisis financiera terrible", dijo Massad periodistas en el marco de un evento de prevención de ejecuciones hipotecarias en Washington.
Uno de los programas de la administración ayuda a propietarios en dificultades evitar la ejecución hipotecaria, proporcionando modificaciones permanentes préstamo.

Otro programa, el aumento gradual de ahora, da a los estados que han sido los más afectados por la caída de precios de las casas de financiación para ayudar a reducir el principal del préstamo de un prestatario, entre otras cosas.

"Creo que los va a hacer una gran diferencia en cuanto a los problemas de los propietarios de viviendas desocupados y la caída de precios de la vivienda", dijo Massad. Sin embargo, agregó que el proceso fue complicado.

"Hay problemas de cómo hacerlo, asegurándose de que es justo, asegurándose de que no crean los incentivos equivocados", dijo Massad.



Find Your Dream Home - Sweet Home


 
Find your Dream Home at: http://www.stoppayingrentinla.com/  

Quote of The Day

To live is the rarest thing in the world. Most people exist, that is all.

Courtesy of Oscar Wilde





Probate Homes, Short Sales, Fha Home Loans, Real Estate News, Loans with ITIN Number

Quote of The Day

To live is the rarest thing in the world. Most people exist, that is all.

Courtesy of Oscar Wilde





Homes on Probate, Fha Loan, Home Loans with ITIN Number, Real Estate News

Short Sales Tips For Home Owners


If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.

1. Consider loan modification first. If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to help you stay in your home. Your lender may agree to a modification such as: Refinancing your loan at a lower interest rate; providing a different payment plan to help you get caught up; or providing a forbearance period if your situation is temporary. When a loan modification still isn’t enough to relieve your financial problems, a short sale could be your best option if:

Your property is worth less than the total mortgage you owe on it.

You have a financial hardship, such as a job loss or major medical bills.

You have contacted your lender and it is willing to entertain a short sale.

2. Hire a qualified team. The first step to a short sale is to hire a qualified real estate professional and a real estate attorney who specialize in short sales. Interview at least three candidates for each and look for prior short-sale experience. Short sales have proliferated only in the last few years, so it may be hard to find practitioners who have closed a lot of short sales. You want to work with those who demonstrate a thorough working knowledge of the short-sale process and who won't try to take advantage of your situation or pressure you to do something that isn't in your best interest. A qualified real estate professional can:

Provide you with a comparative market analysis (CMA) or broker price opinion (BPO).

Help you set an appropriate listing price for your home, market the home, and get it sold.

Put special language in the MLS that indicates your home is a short sale and that lender approval is needed (all MLSs permit, and some now require, that the short-sale status be disclosed to potential buyers).

Ease the process of working with your lender or lenders.

Negotiate the contract with the buyers.

Help you put together the short-sale package to send to your lender (or lenders, if you have more than one mortgage) for approval. You can’t sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.

3. Begin gathering documentation before any offers come in. Your lender will give you a list of documents it requires to consider a short sale. The short-sale “package” that accompanies any offer typically must include:

A hardship letter detailing your financial situation and why you need the short sale

A copy of the purchase contract and listing agreement

Proof of your income and assets

Copies of your federal income tax returns for the past two years

4. Prepare buyers for a lengthy waiting period. Even if you're well organized and have all the documents in place, be prepared for a long process. Waiting for your lender’s review of the short-sale package can take several weeks to months. Some experts say:

If you have only one mortgage, the review can take about two months.

With a first and second mortgage with the same lender, the review can take about three months.

With two or more mortgages with different lenders, it can take four months or longer.

When the bank does respond, it can approve the short sale, make a counteroffer, or deny the short sale. The last two actions can lengthen the process or put you back at square one. (Your real estate attorney and real estate professional, with your authorization, can work your lender’s loss mitigation department on your behalf to prepare the proper documentation and speed the process along.)

5. Don't expect a short sale to solve your financial problems. Even if your lender does approve the short sale, it may not be the end of all your financial woes. Here are some things to keep in mind:

You may be asked by your lender to sign a promissory note agreeing to pay back the amount of your loan not paid off by the short sale. If your financial hardship is permanent and you can’t pay back the balance, talk with your real estate attorney about your options.

Any amount of your mortgage that is forgiven by your lender is typically considered income, and you may have to pay taxes on that amount. Under a temporary measure passed in 2007, the Mortgage Forgiveness Debt Relief Act and Debt Cancellation Act, homeowners can exclude debt forgiveness on their federal tax returns from income for loans discharged in calendar years 2007 through 2012. Be sure to consult your real estate attorney and your accountant to see whether you qualify.

Having a portion of your debt forgiven may have an adverse effect on your credit score. However, a short sale will impact your credit score less than foreclosure and bankruptcy.

 

Downpayment Assistant Program Available For First Time Home Buyers

What is a down payment:


In the purchase of a house is the money you need to bring from your own savings, 401K retirement program or in the case for an fha loan it could be a gift from a family member, friend, boss and anyone that want to contribute to it.

In this particular case you bring your own down payment and you get also down payment assistance from los Angeles City or County.


Cities covered on this program:

The East San Fernando Valley  Cities:  Sylmar, Mission Hills, North Hills, Arleta, Parts of Van Nuys, Panorama City and Sun Valley.

Who Qualifies?

Only First Time Home buyers, those are defined as the ones that never have bought a home, are not on anyone's mortgage loan, or have not own a home in the last 3 years and this applies on all those cases.
 
 There are Income limits for: Low and Moderate Income, for more questions or information contact Alberto Pacheco at 818 481 9211 or by email at: albertopacheco5195@hotmail.com 

You need to assist to a First Time Home Buyer Seminar and get the certificate after completion as proof of assistance.

There is one Program Called New Casa, if you qualify for it you can get up to  60,000 as Down payment assistant to buy only the homes this non profit owns.

Check Available Homes For Sale:  http://granadahills.kwrealty.com/about/


Alberto Pacheco
818 481 9211
albertopacheco@kw.com
www.stoppayingrentinla.com               My Facebook         My Twitter







Bank Repossessions Down 29% Over 12 Months

 Foreclosure filings experienced their eighth straight month of declines, according to RealtyTrac.
In May, filings fell 33% from a year earlier and 2% month-over-month, according to the online marketplace of foreclosed properties. The number of homes that were repossessed (referred to as REOs or real estate-owned properties) in May also declined to 66,879, down 3.8% from April and 29% year-over-year, the firm said.

The huge year-over-year drop in foreclosures doesn't necessarily mean the housing market is staging a recovery, however. James Saccacio, the CEO of RealtyTrac, says the declines are likely due to lingering effects of the "robo-signing" scandal, which broke last September, when it was discovered that banks were playing fast and loose with foreclosure documents.

In some cases, it was found that banks brought foreclosure proceedings upon homeowners when they had no standing to do so. Sloppy paperwork sometimes made it impossible to tell which entity was the rightful owner of the mortgage notes.

To help fix the mess, foreclosure proceedings were temporarily suspended. Even though the suspension has since been lifted, the pace of foreclosures remains significantly slower as banks more thoroughly review each case to ensure they are being handled legally and properly.

Walk away from your mortgage? Get 'ruthless'

"Foreclosure processing delays continue to mask the true face of the foreclosure situation," said Saccacio. "Lenders are somewhat unevenly pushing batches of bad loans through foreclosure as they overhaul their paperwork and documentation procedures."

There's another factor at play, as well. The banks can't sell the homes they've already seized so they aren't as incentivized to repossess more homes."[There's] weak demand from buyers, making it tough for lenders to unload their REO inventory," said Saccacio. "Even at a significantly lower level than a year ago, the new supply of REOs exceeds the amount being sold each month."

The banks don't want to take on the expense of maintaining the homes -- property taxes, heating costs, repairs and insurance -- if they can't sell them quickly. Selling off the inventory of repossessed homes is crucial to the housing market, said Jim Gillespie, CEO of Coldwell Banker. Sold at steep discounts, REOs compete with new homes for buyers and have severely depressed new home sales.
"That's a critical element for the economic recovery," said Gillespie. "If new homes were selling anywhere close to their levels of five years ago, it would add a full point to the GDP."

The steepest drops in filings have come from judicial states, ones in which the courts are involved in repossessions. In these states, where foreclosure proceedings are subject to the scrutiny of the courts, it appears banks are taking special care to make sure they've stamped out the last vestiges of the robo-signing issues.

Nevada, where most cases are handled outside of court, continued to be foreclosure central. One of every 103 households received a notice of some kind in May. However, that was an improvement of 23% compared with May 2010. Arizona, with one filing for every 210 households, and California, one for every 259, were second and third.

The judicial state of Florida, where the housing market is no better, has seen a much greater drop-off in filings over the past year, down 62%. It now has the eighth highest foreclosure rate, of one filing for every 461 households. A year ago, it was in the top four, along with the other "Sand States." provided by cnn money.


Alberto Pacheco
818 481 9211
albertopacheco@kw.com
www.stoppayingrentinla.com
 My Facebook                                       My Twitter



Sunday, October 09, 2011

Available Foreclosed and Bank Owned Homes In Granada Hills

 Available Foreclosures and Bank Owned Homes in Granada Hills. Starting Price From $ 264,000.

Click The Link Below To View The Homes


FORECLOSED AND BANK OWNED HOMES IN GRANADA HILLS


Alberto Pacheco
(818) 481 9211
Keller Williams Granada Hills
16842 Devonshire St
Granada Hills CA 91344
www.stoppayingrentinla.com     My Facebook            My Twitter












Tuesday, September 27, 2011

Los Angeles County Home and Condo Sales Statistics up to 09/23/2011

Single Family Residence

Time Period Number of Sales Median Sale Price

Aug 2011 4,471 $320,000
Aug 2010 4,357 $345,000
Jul 2011 4,372 $335,000
Jul 2010 4,551 $350,000
2011 YTD 33,441 $325,000
2010 52,165 $340,000

Condominium

Time Period Number of Sales Median Sale Price

Aug 2011 1,392 $280,000
Aug 2010 1,435 $319,000
Jul 2011 1,314 $283,000
Jul 2010 1,540 $315,000
2011 YTD 10,823 $291,000
2010 17,521 $320,000

Alberto Pacheco
Keller Williams Granada Hills
818 481 9211
www.stoppayingrentinla.com Foreclosures, Short Sales, Probates
www.losangelescountyrealestate.blogspot.com

Friday, September 09, 2011

Granada Hills Homes and Condos Available For Sale as of 09-09-11

There Are 148 Available Home Listings Available in Granada Hills as of Today 09-09-11 Minimum Listing Price $ 249,900 Average Price $ 442,335 Maximum $ 1,199,500 From Those 148, there are different types of home listings: 42 Listings Are Short Sales Listings Minimum Price $ 249,900 Average $ 408,557 Maximum $ 875,000 77 Are Standard Sales with Minimum Price $ 294,950 Average $ 486,846 Maximum $ 1,199,500 7 Are on Foreclosure Process Minimum Price $ 249,900 Average $ 303,329 Maximum $ 335,000 19 Are Bank Owned Minimum Price $ 271,900 Average Price $ 362,564 Maximum $ 752,000 3 Are Probate Sales Minimum Price $ 329,000 Average Price $ 389,238 Maximum $ 549,000 There are 17 Condos and Townhomes Listings Available 4 Are Standard Sale Minimum Price $ 173.000 Average $ 264,765 Maximum $ 360,990 4 Are Bank Owned Minimum Price $ 119,000 Average $ 200,950 Maximum $ 282,000 9 Are Short Sales Minimum Price $ 169,500 Average $ 205.100 Maximum Price $ 288,000

Tuesday, August 30, 2011

Market Condition Provided By Hud Research For California, Arizona, Nevada and Hawaii

After 2 straight years of significant job losses, economic conditions in the Pacific region are showing signs of improvement. The region added 15,600 nonfarm payroll jobs, a 0.4-percent increase, during the 12 months ending June 2011. The professional and business services and education and health services sectors led job growth in the region, with increases in both sectors of 2.5 percent, or 16,650 and 13,900 jobs, respectively.

The construction subsector had the largest percentage decline in nonfarm
payrolls, 4.6 percent, or a loss of 8,875 jobs because of the slowdown in residential and commercial construction. Moderate gains in nonfarm payrolls occurred in both California and Hawaii, but jobs declined in Arizona and Nevada during the 12 months ending June 2011. California
added 79,100 jobs, a 0.6-percent increase, during the 12 months ending June 2011 after losing 670,600 jobs,a 4.1-percent decline, during the previous 12 months.

Nonfarm payroll increases of 65,600 jobs, or 3 percent,in the professional and business services sector and of 40,300 jobs, or 2 percent, in the education and health services sector led the turnaround in employment, despite a decline in the construction subsector of 18,600 jobs, or 3.2%

San Francisco Bay Area and Southern California nonfarm payrolls increased by 4,075 jobs,or 0.1 percent, and 27,550 jobs, or 0.2 percent, respectively. During the 12 months ending July 2011, Hawaii added 4,325 jobs, a 0.7-percent increase, compared with the loss of 19,250 jobs during the previous 12 months.

The retail trade subsector realized the largest nonfarmpayroll gain, of 1,450 jobs, or 15.4 percent, during the 12 months ending June 2011 because of a 13%. Increase in tourist spending compared with spending during the previous 12 months. Nonfarm payrolls continued to decline in Arizona, which lost 10,250 jobs, a 0.4% decrease, during the 12 months ending June
2011 compared with the number of jobs a year earlier.

In Nevada, nonfarm payrolls fell by 9,325 jobs, or 0.8%, to an average of 1,124,100 jobs. The largest declines in both states came in the construction subsector,which lost 6,000 jobs, a 5.2-percent decline, in Arizona and 10,600 jobs, a 15.8-percent decline, in Nevada. During the 12 months ending June 2011, the average unemploymentrate in the region increased to 12% from 11.7% during the previous year. The average unemployment rate ranged from 6.5 percent in Hawaii to 14.6 percent in Nevada.

The sales housing market was soft in all four states of the Pacific region during the 12 months ending June 2011 because of high unemployment. According to Hanley Wood, LLC, new and existing home sales fell by 12% to 599,800 homes.

In Arizona, 112,200 homes sold, a 14% decline compared with the number sold
during the previous 12-month period, and the average home sales price declined by 7% to $170,200. In Arizona, REO (Real Estate Owned) sales as a percentage of existing home sales increased slightly to 53%.In the Phoenix metropolitan area, home sales declined by 9% to 47,750 homes, and the average sales price declined by 7% to $171,500.

During the 12 months ending June 2011, new and existing home sales fell by 12% in California, to 413,200 homes, and the average home price rose by 1% to $361,700. REO sales as a percentage of existing home sales decreased to 41% during the 12 months ending June 2011 from 44% a year earlier. In the San Francisco Bay Area, 66,500 homes sold during the 12 months ending June 2011, an 11% decline compared with the number sold during the previous 12 months, and the average home sales price increased by 2% to $557,100 during the same period.

Sunday, July 17, 2011

Homes, Escrow, Active and Sold Listings in The San Fernando Valley June 2011


San Fernando Valley Residential MLS Summary

Active Inventory                Total
New Listings.......... …………………………………................... 1,752
Total Active Listings............................................ ................... 4,859
Total Days on Market............................................................... 103
Average List Price in Thousands............................................ 530.1
Median List Price in Thousands......... …………..................... 348.9
BOMS…………………………............ ….................................... 469
Average BOM Price in Thousands..... …………..................... 387.8
Bom To Sale Ratio…………….......... ……………………………42.1
Expirations……………………............ ……………………………356
PENDING SALES
New Escrows Opened............................................... ………….1,485
Total YTD Escrows Opened......................................................6,926
New Open Escrows Average Days on the Market...................68
New Open Escrows Average List Price................................... 414.3
CLOSED SALES
New Escrows Closed.................................................................1,114
Total YTD Escrows Closed........................................................5,703
Volume of New Sales Dollars In Millions..................................439.189
Volume of Total YTD Sales In Millions…………………………. 2,257.128
Average Sale Price In Thousands............................................ 394.2
Median Sale Price In.Thousands................ ................... ......... 315.0
Coop Sales.................................................,..................... .......... 890
Percent of Coop Sales................................................................ 79.9
Average Days On Market.........................,,................................ 130
Sales At List Price....................................................................... 489
Percent of Sales At List Price.......,,,,,,,,,,,,.................................. 43.9
Sales To Listings Inventory Ratio.............. ..................... ......... 22.9
Final Sales To New Listing Ratio............,.. ............................... 63.6

Thursday, July 07, 2011

Homes Sold In Arleta in June 2011

8858  Dorrington Av  Sold:$190,000  2BR/1BA  Sqft: 848  Lot: 6120 On The Market: 61 Days  Short Pay

13276 Reliance ST ARL $ 195,000 3/2 1954/ASR 1,199 6,099 10/10 N 6/20/11 REO

13565 Sunburst ST ARL $ 233,000 3/2 1954/ASR 1,107 6,100 5/5 6/24/11 STD

10029 Beachy AV ARL $ 250,000 3/2 1950/ASR 1,440 17,370 3/3 6/10/11 STD

14057 Gain ST ARL $ 252,000 4/2 1951/EST 1,400 6,240 47/47 6/30/11 REO

13655 Muscatine ST ARL $ 260,000 3/2 1951 1,274 5,616 112/112 6/17/11 REO

13637 Ottoman ST ARL $ 267,000 3/2 1950 1,159 7,680 94/94 6/6/11 SPAY

9363 Sandusky AV $ 270,000 3/2 1954/ASR 1,544 6,000 0/0 6/30/11 STD

14020 Gain ST ARL $ 270,000 3/1 1957/ASSR 1,554 8,000 47/136 6/15/11 STD

8818 ROSLYNDALE AV ARL 502E7 $ 272,000 3/2 1953/ASR 1,257 6,016 225/225 6/27/11 SPAY

13580 Bromwich ST ARL $ 273,000 3/2 1952/ASR 1,236 6,105 115/115 6/19/11 REO

13761 Rayen ST ARL $ 285,000 3/2 1952/ASR 1,332 5,757 38/38 6/7/11 STD

13833 Correnti ST ARL $ 295,000 4/2 1950/ASR 1,406 6,060 33/33 6/15/11 REO

13780 Sunburst ST ARL $ 300,000 3/2 1953/ASR 1,622 5,997 37/37 6/6/11 STD

10503 SHARP AV ARL $ 325,000 4/2 1999/ASR 1,665 7,675 17/17 6/30/11 STD


Alberto Pacheco
Realtor Calbre Lic 01200694
818 481 9211
Keller Williams Porter Ranch
Real Estate Consultant
http://www.granadahills.kwrealty.com  Real Estate News, Mortgages, Trends





Friday, July 01, 2011

Will Bank of America Lower The Balance of Your Mortgage Loan?

Bank of America is offering…PRINCIPAL REDUCTIONS!

You read that right..the nations largest lender is now going to offer a program to bail out underwater owners…here are the details directly from BofA:   CALABASAS, Calif. — Bank of America, a leader in developing and carrying out programs to help financially distressed homeowners, is leveraging the federal government’s Hardest Hit Fund (HHF) initiative to begin pilot programs of principal reductions for customers in Arizona who owe considerably more on their mortgage than their property is worth in today’s depressed market.

The bank has become the first major mortgage servicer to send letters of interest to homeowners who may qualify for HHF-supported principal reductions in these states. Previously, Bank of America began testing and implementing new programs for unemployed homeowners in several other states receiving HHF support.

“Bank of America remains committed to helping distressed borrowers remain in their homes through a variety of programs,” said Terry Laughlin, executive vice president. “Since the Obama administration established the Hardest Hit Fund (HHF) initiative one year ago, Bank of America has worked closely with both the Department of Treasury and state housing agencies to design and implement the program to provide interim payment assistance to unemployed borrowers, as well as funding for loan modification assistance to delinquent borrowers. We are excited this program is coming to fruition.”

Through the Arizona pilot program, Bank of America customers experiencing financial hardship may be eligible to have the amount owed on their mortgage reduced through matching contributions from the state and from participating mortgage investors. Bank of America has begun mailing letters to customers in those states who may qualify for the assistance based on state program and investor guidelines. The offers are being made proactively in conjunction with the solicitation process for the federal government’s Home Affordable Modification Program.

Bank of America also is finalizing processes for a pilot principal reduction program with the Nevada Affordable Housing Assistance Authority and is in advanced discussions with the California Housing Finance Agency to begin a pilot program with that state.

Bank of America established its leadership in providing solutions for severely underwater homeowners last spring with an innovative principal forgiveness program for eligible customers under its own National Homeownership Retention Program. HHF will provide assistance to additional homeowners who, mainly due to drastic decreases in home values in the last three years, are upside-down on their mortgages.

The HHF unemployment program offers qualified borrowers mortgage payment assistance for up to 36 months while they are unemployed, depending on state program guidelines. Bank of America is currently involved in pilots of unemployment assistance programs in California, North Carolina, South Carolina, Ohio, Oregon, Lee County, Florida, and Washington, DC. Customers who are interested in these programs should work with their state housing finance agencies to determine their eligibility.

Bank of America will continue expanding these programs on a state-by-state basis as agreements are reached with interested housing finance agencies in other HHF-grant states. All HHF programs are targeted to low- and moderate-income homeowners, and eligibility also depends on investor participation.

Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with more than 5,800 retail banking offices and approximately 18,000 ATMs and award-winning online banking with 29 million active users. Bank of America is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries.

When is Bofa going to start the pilot program in California? I hope it happens soon, since there is still plenty of homeowners in distress that need help as soon as possible.