Local News: Florida Disney’s Celebration feeling the pain
Celebration is the birth child of Disney’s perfect town; it is also where the movie “Pleasantville” was filmed back in 1998. If you asking why are we talking about this and how does this relate to the foreclosure and loan modification industry continue to read.
As many know Florida has been one of the hardest hit areas when it comes to foreclosures. The foreclosure rate in Celebration is one for every 20 residents, compared with one per 48 in the Sunshine state overall. Due to declining values, most homeowners are walking away. If you have never been to Celebration, really is a beautiful and peaceful town, it certainly has the Disney feel to it. It is unfortunate the picture perfect town has had its first this past month, but like any new town that lives in a touristy area, it will certainly have its moments of struggle as the economy goes up and down. The reality is most of the people who bought in Celebration are not permanent residents; most of the homes are second homes and so because the loan modification under the government program only applies to primary homes. If you are like many who have felt the pressure of the economy, you will want to trim down on expenses and unfortunately, not enough of us save for a rainy day. So there goes the neighborhood!
During the housing boom some purchased a vacation home and didn’t mind paying a premium for homes in the picturesque community. Some homes in the area are down 60% in value from the 2006 peak.
Recently, the town has had its perfect image shattered when a local homeowner about to lose his home to foreclosure shot himself. The realty is no matter where you live, everyone feels the pressure of a declining economy.
The government had high hopes that the Home Affordable Modification Program would stem most of the foreclosures, however their projections on how many homeowners would benefit from the program has hugely fallen short by the millions! So places like Celebration and all across America will have to slowly wait for the market to turn around. Question is how long will it take?
http://freeMortgagefix.com offers a FREE service to struggling homeowners who need help applying for the government’s Home Affordable Modification program and other loan modification options offered by lenders and servicers. This FREE online software has a 100% no commitment, no credit card required to use their services. Find use ful tools and online support to ask your questions about the loan modification process and other concerns about the foreclosure process.
Follow Twitter: www.twitter.com Fan Facebook: www.facebook.com Hollyscoop.com’s Diana Madison / Twitter: twitter.com uncovers who will win NBC’s new competition show “The Voice”; will it be Dia Frampton or Javier Colon? Dia Frampton and Javier Colon Battle Neck TO Neck For Victory In The Voice Hi everyone I am Diana Madison for Hollyscoop Looking at the results of sales of last night’s original song performances on iTunes, it looks like Dia Frampton has a good chance for being the first winner of NBC’s hit music competition show The Voice. She is sitting at #1 on the iTunes digital singles chart with her song “Inventing Shadows,” but Javier Colon is just behind with “Stitch By Stitch.” Although the iTunes sales count in the final equation of determining the winner, fan votes count as well which can be unpredictable. Javier Colon leads with the duet sales with his rendition of “Man In the Mirror” with mentor Adam Levine. Although the duet sales don’t count in determining a winner, they could possibly be seen as an influence on votes by those at home. So who will win the finale of the voice? Tell us your thoughts on HOLLYSCOOP.COM For up-to-the-minute celebrity news, visit www.hollyscoop.com Celebrity Photos http Celebrity Videos videos.hollyscoop.com
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