Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.

For more Information, News, Stats or resources visit The American Land Title Association

Team Lally is very familiar with the stories from our servicemen and women that are facing foreclosure and are dealing with receiving orders to relocate. “About 50% of our clients are military families facing PCS orders or divorce, sometimes both” says Adrienna Lally (Team Leader). It was a past client who was in the process of a divorce and receiving new orders far away from Hawaii that got Adrienna started in Short Sales. “I had just sold them the their home about a year prior” says Adrienna. “The military makes you move if they need you somewhere else. They don’t care if it’s a bad time to sell or if you are upside down in your home. So I decided to learn as much as possible about how I could help families who are in trouble and can’t sell their home. I just want to help.”

Adrienne and her team at Team Lally understand the effect and the hope they are providing during difficult times. Saul & Lourdes Lucatero are a Military family that got PCS order to Korea. Lourdes got out of the Army to be a full time mom. They tried to refinance to a lower interest rate but values had come down to much in the neighborhood. they decided to try and rent the property out. They quickly realized that $1000 per month negative was not a good investment and started to have financial difficulties. This when the Lucatero family contacted Team Lally. It wasn’t an easy process but Team Lally was able to complete the sale in about 60 days and the Lucatero family never missed a payment.

Team Lally was features as the ‘Ambassador of the week’, check out the rest of the story!

Adrienne Lally Earns NAR Short Sales and Foreclosure Certification
Buyers and Sellers Benefit from REALTOR^® Expertise in Distressed Sales

Kapolei, Hawaii, March 5, 2010 — Adrienne with RE/MAX Honolulu has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS^® offers the SFR certification to REALTORS^® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.

According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS^® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.

“As leading advocates for homeownership, REALTORS^® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR^®who has earned the SFR certification for these kinds of purchases.”

The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS^® stay current on national and state-specific information as the market for these distressed properties evolves. To earn the SFR certification, REALTORS^Ò are required to take one core course and three Webinars. For more information about the SFR certification, visit www.REALTORSFR.org or call 1-877-510-7855.

FOR IMMEDIATE RELEASE:
Local Real Estate Team Provides Free Information Resource to Hawaii Homeowners Facing Financial Hardships

New Web site presents options for homeowners confronted with the possibility of foreclosure.

Kapolei, Hawaii – September 9, 2009 – Local real estate agent and community advocate, Adrienne Lally of RE/MAX Honolulu –Team Lally, today announced the creation of a new information Web site for Honolulu, Hawaii-area homeowners in distress. www.WeCanHelp808.com contains vital facts about the options available to these homeowners, to help them make the educated decisions about their future.

“We developed this site with my community in mind,” Adrienne said. “When faced with the possibility of foreclosure, we’ve seen too many homeowners make poor choices, even walking away from their homes without calling their lender or a real estate agent. These people didn’t know the options available, or even how to find any information on their situation.”

Providing a sense of relief to families who don’t know there options is what we strive to implement in our day-to-day business. Team Lally has successfully helped 49 Hawaii Homeowners Avoid Foreclosure.

“We want more for the people in the state of Hawaii, and more comes with making informed decisions.”

www.WeCanHelp808.com acts as a hub for information on the facts and issues for struggling homeowners, putting all the necessary information in one, easy-to-use location. The information and materials located on the site are regularly updated to reflect market changes, trends, new lender requirements, and industry updates.

Alex Charfen, co-founder and CEO of the Distressed Property Institute in Austin, Texas, said that more than seven out of 10 homeowners in foreclosure proceed without any visible assistance.

“Agents with the Certified Distressed Property Expert^® designation are helping distressed homeowners understand that there may be options available to them,” Charfen said. “Adrienne Lally, R and Attilio Leonardi, RA have been trained to help homeowners avoid foreclosure, and this website resource to educate the community is a commendable public service.”

The CDPE designation provides real estate professionals with specific understanding of the complex issues confronting the real estate industry. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market.

For more information about CDPE Designation, visit www.cdpe.com.

Berton Hamamoto has been amazed by the bidding wars he has been seeing for homes in Ewa and Kapolei.

The areas of Oahu that have been hit hardest by the foreclosure crisis are at the center of an uptick in sales, as falling prices and sellers looking to get out from under hefty mortgages create opportunities for first-time home buyers and members of the military.

Read the whole story on PBN

Although we cannot guarantee the quanity of the work, products any of these people will provide, we believe that we can give a strong recommendatio for each and every person in our Business Directory. We have incliuded more than one propvider  of each service whenever possible. Please qualify each provider before using their service.

Team Lally’s Business Directory

CLIENT APPRECIATION PROGRAM

Team Lally doesn’t stop serving their clients when a home is SOLD.  In fact, they take pride in their on-going Client Appreciation Program.

We want to be your trusted advisors. Sending out a monthly item of valu that pertains to your home or current econimic conditions. We also have a monthly home magazine as well as an annual party. Make sure to check out our business directory, it is who we trust to help us in our day to day issues. If you know of someone that should be on our directory. Please let us know.

If your neighbors, business associates, family members or friends would enjoy the same level of personal service and would enjoy our Client Appreciation Program, please let us know and we will contact them.

Team Lally’s Grand Prize Winner
Ryan Matsumoto
of a HP MINI NOTEBOOOK,
from the Hickam’s Fair Prize-Drawing

]]> http://teamlallyhawaii.wordpress.com/2010/03/31/team-lallys-client-appreciation-program/feed/ 0 teamlally http://teamlallyhawaii.wordpress.com/2010/03/31/behind-on-your-mortgage/ http://teamlallyhawaii.wordpress.com/2010/03/31/behind-on-your-mortgage/#comments Wed, 31 Mar 2010 03:13:39 +0000 teamlally http://teamlallyhawaii.wordpress.com/?p=29 ]]> Hawaii Home Owners We Can Help

Chances are, you or someone you know in Hawaii is facing the possibility of foreclosure. But you need to understand that you are not alone.

Today, nearly 1 out of every 6 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it’s important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.

Through our experience handling many distressed properties at RE/MAX Honolulu, We’ve found that homeowners today have more questions than answers about their circumstances. We have created this site to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of short sales, which may be the best course of action for some homeowners.

You may also have noticed that we are offering you a FREE Report to explain your options and help you decide on a course of action. The idea of losing a home can be overwhelming, and we feel it is vital for you to have all the facts necessary to make an informed decision.

As agents with the CDPE® Designation, We have a strong and unique appreciation of the factors affecting themarket, and know that there are options available to you.

Learn more at: WeCanHelp808.com

Check out our website designed especially for Short Sales:

www.WeLoveShortSales.com

Tune in NOW to watch a short & simple story of the Credit Crisis