Concerned about Foreclosing your Home in Allison Park?

January 14, 2011 By sayhay Leave a Comment

Concerned about Foreclosing your Home in Allison Park?

If you own a home in Allison Park and are concerned about foreclosure, there may be good news for you. The Home Affordable Foreclosure Alternative Program or HAFA may be able to help. This program was established by the Treasury Department and is for homeowners who may not be able to keep their home even if they were to receive a home loan modification. Owners of a home in Allison Park who may be facing a hardship that even help under the Home Affordable Modification Program (HAMP) cannot help may be able to utilize this program.

The process involves a short sale of the property or transferring the title to the home in Allison Park to the owner of the mortgage. Using a deed-in-lieu of foreclosure, this type of program is being used by Fannie Mae and Freddie Mac as well. HAFA would provide financial inducements of $3,000 for relocation of the owner of the home in Allison Park.

Meeting the basic requirements of the plan is subject to determination by the mortgage company. The home in Allison Park must be the primary home and original loan on the home must have been in place before January 1, 2009. The homeowner must be behind in mortgage payments or the likelihood of this happening must be eminent. The amount owed on the home cannot exceed $729,750. The payment being made on the home must be more than 31% of the homeowner’s gross income.

The Fannie Mae program has certain exclusions that include the homeowner being able to make the payments but has voluntarily refused to do so. The homeowner has assets that are equal to three times the amount of the monthly mortgage payment; they have a high amount income after necessary expenses or are within 60 days of the foreclosure sale date without approval from Fannie Mae.

The Freddie Mac program is similar as well including that the owner of the home in Allison Park must be more than 60 days behind in mortgage payments. They also cannot have assets or cash on hand that is equal to three times the amount of the mortgage payment.

If you would like more information about homes in Allison Park, please feel free to contact us at (724) 933-8505 or visit our Contact Us page where you can send us a message. We’ll get back to you right away!

Filed Under: PA homes, Real Estate News Tagged With: Allison Park homes, Allison Park homes for sale, Allison Park real estate, home in Allison Park

Allison Park Real Estate Agents have Rules to Follow Too

November 19, 2010 By sayhay Leave a Comment

Allison Park Real Estate Agents have Rules to Follow Too

It does not matter if you are looking at Allison Park real estate or elsewhere, all agents have rules they should follow. The rules followed by the agent as well as by you will be conducive to a good working relationship when you are searching for your new home. When you are ready to buy, find an Allison Park real estate agent to represent your interests, but only when you are ready to buy. The agent works on a commission and this is how they make a living. They do not get paid unless you buy a home.

One of the keys to a good relationship with your agent is a matter of showing common courtesy. They are not sitting idly by waiting for you to call them. If you make an appointment, plan on keeping it. If you cannot keep it, call and let them know. They also cannot show you Allison Park real estate on a moment’s notice. Expecting them to drop everything to show you a home is not an option. Make an appointment.

Your agent will give you an Agency Disclosure when you choose to work with them. This is required by law and is just a disclosure. It is not an agreement. It simply means you have an agent who will be working to find your Allison Park real estate and your interests are their responsibility. Signing a broker’s agreement establishes the relationship between you and the agent. This will explain their duties and you should ask about the two different kinds – Exclusive and Non-Exclusive. If you do not want to sign this agreement, you should not ask them to show you homes.

If you have an agent, do not call listing agents. Allow your agent to do their job. The listing agents work for the seller, not for the buyer. Also, find out about attending open houses for Allison Park real estate by yourself. Often this is not a good idea. If your agent does not have a problem with it, at least make sure the agent hosting the open house receives your agent’s card when you walk in so they will know you are represented.

Make sure all forms you are asked to sign by the agent are explained. Do not sign anything you do not understand. You should not feel silly asking. It is far better to know what you are signing before you do so.

If you would like more information about Allison Park real estate, please feel free to contact us at (724) 933-8505 or visit our Contact Us page where you can send us a message. We’ll get back to you right away!

Filed Under: Allegheny County Tagged With: Allison Park homes, Allison Park homes for sale, Allison Park real estate

Allison Park, Gibsonia and Wexford Homes – McCandless Township

August 27, 2010 By sayhay Leave a Comment

Allison Park, Gibsonia and Wexford Homes – McCandless Township

McCandless Township is in Allegheny County, Pennsylvania and Allison Park, Gibsonia and Wexford homes are all located within this township with a population of 29,022. The incorporation of the area as a township was changed in 1975 when McCandless adopted a new charter making it the Town of McCandless; however the state government still recognizes it as a township rather than a town.

Native American history plays a large part in the history of the residents of Gibsonia as well as Wexford and Allison Park homes. There are many artifacts that have been found in areas of McCandless, including these residential areas that are mainly from the Iroquois Nation. The early history of this part of the country includes George Washington’s visit here in 1753.

James Duff is considered to be the first settler in McCandless in 1796. He purchased 400 acres and farming became the area’s main industry at that time. Much of the area is now the location of Gibsonia homes, Allison Park homes and Wexford homes.

Daniel Vogel presided over meetings to form a local government for the town in 1849. The Township was originally formed in 1851 and at that time it was called Taylor. In 1857 the Township was incorporated as a Second Class Township. At this time it was renamed McCandless for a District Judge, Wilson McCandless. The population was 1,482.

McCandless was mainly a farming community in the 1800s. The area was also an important route for supplies that were being transported from Pittsburgh to Lake Erie during the War of 1812. Lake Erie was where Admiral Perry’s forces were based.

The interurban commuter railroad, the Harmony Line, was established about 1908, allowing residents the convenience of commuting to Pittsburgh. At about the same time, the oil boom resulted in the city’s rapid development and the railroads were in the middle of the development.

If residents of Wexford homes, Gibsonia homes and Allison Park homes had been around at this period in the history of their town, they would have seen the Harmony Line being replaced by the automobile. This occurred around 1931.

The Allegheny County Commissioner started the formation of Allegheny County’s North Park. The commissioner, E.V. Babcock bought the land and let the county purchase it from him at cost. The park was established in 1927 by the county and encompassed about 15.2% of the town of McCandless.

Between 1930 and 1950, the population of McCandless rose from 2,653 to 6,488 and by 1960 it was 14,582. The 2000 Census recorded 11,159 households in the town of McCandless. The expansion of the population brought even more varied development into this area.

Residents of these three areas are bordered by Pine Township on the north side and Hampton Township on the east. Franklin Park borough borders McCandless t o the west and Ross Township to the sout h.

If you would like more information about Wexford homes, Gibsonia homes and Allison Park homes, please feel free to contact us at (410)808-7200 or visit our Contact Us page where you can send us a message. We’ll get back to you right away!

Filed Under: Real Estate News Tagged With: Allegheny County, Allison Park homes, Gibsonia homes, McCandless Township, McCandless Township homes for sale, Wexford homes