HAMP is Alive

Many in the news are saying that Home Affordable Modification Program is dying. They point to insufficient income as the cause, I submit its insufficient application skills. My firm has many alive HAMPs. I am lecturing attorneys in Nassau this evening on how to navigate the program as well as the rest of Making Home Affordable. The problem is all of the press that says homeowners can do this themselves and that they don't need help. Yes, homeowners can technically submit their own application, but having a lawyer seems pretty important in all other aspects of citizens legal lives (for instance Miranda Rights), why not here? Lets get some really trained attorneys who can fight for our clients in CPLR 3408 Settlement Conferences and you will see HAMP be reborn!

CLE Class - Foreclosure Filibusters

Andrew M. Lieb, Esq. will be teaching "Foreclosure Filibusters, beyond defenses there are solutions", hosted by First American, on both Tuesday and Thursday evening at the Omni Building in Uniondale from 6 - 8pm. The class will be expanded and broken into 2 Real Estate Agent Continuing Education courses at the Real Estate School in the coming months. Until than, please know that a foreclosure proceeding is not the end, but instead a crisis that requires a strategic intervention by trained professionals in order to optimize the situation for the homeowners. With proper guidance and advocacy, every distressed homeowner can find a solution that will ultimately work for them.

The Countdown to Grievance

The clock is ticking until Grievance Day!!! Get your forms together and go down to the Town tomorrow and file right away. All you need is 3 comps and some good luck. Go make it happen!!!

Next Class - Seats Available

We are teaching Mold is Money at Bethpage Federal Credit Union tomorrow, 5/13/2010 from 5:30pm to 8:30pm. There are still a few seats left, to register go to www.liebatlaw.com.

Home Price Index - what should your house be worth?

The HPI serves as a timely, accurate indicator of house price trends at various geographic levels. It also offers a calculator that does not project the actual value of any particular house, but instead what a given house purchased at a point in time would be worth today if it appreciated at the average appreciation rate of all homes in the area.

Very fun tool provided by the Federal Government if you click here

Here is some information about Long Island:
Nassau-Suffolk, NY (MSAD)
Rank 198
1 Quarter -1.36
1 Year -5.80
5 Years 1.30

So while prices are down this year, they are still up over 5 years.