Thursday, November 5, 2009

Marysville, WA. Home For Good, Now Accepting Applications for Housing

Homes for Good have five new affordable rental homes that will soon be available in Maryville. Homes for Good, is a non profit organization providing assistance for families with children who have lost their homes to foreclosure and are at risk of being homeless. Income Eligibility and Rent: These homes are restricted to families in Snohomish County at or below 50% of the areas Median Income. For a family of 3, annual income would be $37,950 or below. Rent levels are set in compliance with HUD Home “Low Rent” levels, approximately $1,095 for a 3 bedroom homes. Rent includes utilities. How it Works: Home For Good's Equity First program offers participants the opportunity to live in the home of their choice now and then purchase the home for the same price as Home For Good originally paid for it, up to two years later, with a fixed, low interest rate assumable mortgage. Each participant accepted into the program works through an individualized Home Buyer Action Plan designed to enable the participant to qualify for the conventional mortgage at the earliest possible opportunity during a two-year period. All mortgages are placed in Fannie Mae approved conventional loans at 30 or 40 year terms with fixed interest rates. What Happens to Families After Loosing Their Homes to Foreclosure? According to the National Coalition for the Homeless, the overwhelming majority (76.2% of those experiencing foreclosure…were staying with families or friends. More than half (54.5%) stated that people were going to emergency shelters. Even more alarming, 41.6% of families who lost their homes were already living on the streets. How to Apply: Contact Homes For Good at 425-672-9098 Online Applications About HomeSeeker Center HomeSeeker Center (HSC) provides a stable platform for consumers to search for property that reflects the best values in the housing market today. The Company aggregates available Distressed Property Sales, New Construction Homes, and Banked Owned Property and Building Lots in one convenient location. HSC is designed to Assist Distressed Property Owners in understanding options available to them to avoid or prevent foreclosure. HSC specializes in these difficult home sale situations. HSC provides automated real-time market updates combined with its Puget Sound Real Estate Blog to keep savvy consumers informed. Media Contact Information: Donald Sieb 425-931-4665

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