OPERATION HOPE Credit Counseling Program

Those with bad credit often find themselves in a debt spiral—unable to afford to pay off debts, they face high finance charges and difficulty getting work or loans to start businesses or go to school.

Operation HOPE provides free one-on-one credit counseling services at all HOPE Center locations and over the phone. Our Certified Personal Finance Counselors help clients identify specific debt and budgeting issues—and take steps to establish or improve their credit.

Our credit counseling program includes:

  • Free TransUnion credit report.
  • One-on-one consultation with a credit professional.
  • Assistance in writing dispute letters.
  • Comprehensive budget preparation.
  • Credit and Money Management Workshop.


Credit Counseling Program.

700 Credit Score Communities to help you achieve your financial goals



At HOPE we believe that when you transform a neighborhood to become a 700 credit score community, check cashers, title lenders, payday lenders and rent-to-own stores become credit unions and community banks and liquor stores are transformed into convenient stores and grocery markets.

HOPE believes that a community empowered with their own sense of financial dignity, asks more good questions, demand better products and services, are more aspirational, and position themselves as an upwardly mobile emerging market for the future.  A community filled with economic opportunity.
The HOPE Financial Dignity Centers will lead our efforts to transform the client-base we serve, and the under-served communities we exist within to drive so-called “poor neighborhoods” into emerging market communities of economic opportunity. This will be done with a focus on creating 700 credit score communities by working closely with our clients and surrounding communities to move average credit scores from the 550 credit score range, to the 650-670 plus credit score range.


To find out more about the 700 Credit Score Communities Initiative, please contact chris.huff@operationhope.org

700 Credit Score Communities.

Distressed Property Owners, We provide you piece of mind

short saleswww.ebpre.comwmpre.comWMPRE

Successful Short Sales Tour


View my sold properties video on youtube

Jaynelle, 510.206.7144, Jaynelle.Bell at gmail.com WATERMARK PROPERTIES

90-Day Delinquencies Fall Again

More evidence that the housing crisis is easing: Fannie Mae said Thursday that delinquencies of 90 days or longer on single-family mortgages declined in July for the fifth-straight month.

The overall delinquency rate fell to 4.82 percent in July, down from 4.99 percent in June. This was a 10-month low.

Source: The Wall Street Journal, Nathan Becker (09/30/2010)

View The States With Highest, Lowest Property Taxes

States With Highest, Lowest Property Taxes
Using U.S. Census data, the nonprofit Tax Foundation has uncovered where the highest property taxes in the country are paid relative to the median value of the homes. Some of the locales may surprise you.

New Jersey came in first — no surprise there — but New Hampshire, which has no state income tax and prides itself on that, had the next-highest real estate taxes as a percentage of home values.

Louisiana had the lowest median taxes compared to property values, another ho-hum finding. But the second-lowest taxes compared to values are in pricey Hawaii.

The national median for real estate taxes is 1.04 percent of a property’s value. Here’s the list of the top 10 states with the highest median real estate taxes as a percentage of median home value as well as the ranking of states with the lowest:

States with the highest taxes:

1. New Jersey (1.89 percent of property value)
2. New Hampshire (1.86 percent)
3. Texas (1.81 percent)
4. (tie) Wisconsin (1.76 percent)
4. (tie) Nebraska (1.76 percent)
6. Illinois (1.73 percent)
7. Connecticut (1.63 percent)
8. Michigan (1.62 percent)
9. Vermont (1.59 percent)
10. North Dakota (1.42 percent)

States with the lowest taxes:

1. Louisiana (0.18 percent)
2. Hawaii (0.26 percent)
3. Alabama (0.33 percent)
4. Delaware (0.43 percent)
5. West Virginia (0.49 percent)
6. South Carolina (0.50 percent)
7. (tie) Arkansas (0.52 percent)
7. (tie) Mississippi (0.52 percent)
9. New Mexico (0.55 percent)
10. Wyoming (0.58 percent)

Should House Hunter Delay Purchase?


Q: I’m house-hunting, but with all the bad news coming out about the housing market, I wonder if I should wait a few months or even years. Do you think I should?

—San Diego

A: If you need a home, then keep looking. If you find a home that suits your needs and is reasonably priced compared to similar homes, make an offer. It doesn’t make sense to try to time the market—because nobody can. Unless you plan to stay in your home for only a year or two, you eventually will accrue some equity, even if you buy before housing in your area hits bottom. In the meantime, you will enjoy federal tax breaks, and avoid the rent hikes that are inevitable as demand for rental housing grows, fed by millennials entering the workforce, former homeowners who have gone through foreclosure and would-be homeowners like yourself who are waiting for home prices to fall.

Moreover, there are hopeful signs in the San Diego housing market. If you consider the July data for existing homes released by the National Association of Realtors, San Diego is performing better than the country as a whole—partly because it was one of the first markets to fall when the bubble burst. In the U.S., sales were down 25.5% in July and prices up 0.7% from a year earlier, but in San Diego, sales were down 15.2% and prices up 4.6%. Similarly, according to RealtyTrac, San Diego County is doing much better than the rest of the country when it comes to foreclosure filings, a leading indicator of a market’s health. In July, the county’s foreclosure filings, which include default notices, scheduled auctions and bank repossessions, reached 5,032, a 37% drop from a year earlier. By comparison, foreclosure activity nationwide fell only 10%.

Still, it’s premature to declare that San Diego’s market is definitely on the upswing, especially since consumer confidence remains shaky in the face of a weak job market. While the country’s overall unemployment rate stayed flat at 9.7% in July from the previous year, San Diego’s crept up to 10.8% from 10.3%. Other statistics are troubling, too: According to the San Diego Association of Realtors, the available inventory of unsold homes rose 23.3% in July from the year before, while the number of days homes remained on the market in July increased to 87 from 72 a year earlier for attached homes, and 71 from 69 for single-family homes for the same period. Meanwhile, affordability remains a problem. San Diego remains one of the most expensive markets in the country, with an average attached home price of $266,899 and single-family price of $506,540.

As you can see, the picture is too mixed for me—or anyone for that matter—to say with certainty where San Diego is in its housing cycle. But rest assured that it is a cycle, and that when it does become clear that the market is headed up, buyers will jump off the fence, prices will stabilize and interest rates may rise. So you may as well take the plunge now.

Send questions and comments to June Fletcher at fletcher.june@gmail.com

"Financial Sense to White Picket Fence" — FREE for all Californians

Sold Home

Home purchased by Candis Johnson's FTHB clients

The California Community College Real Estate Education Center invites you to participate in a reoccurring webinar program Thursdays, August 5, 12, 19, & 26 from 12:00 pm (noon) to 1:00 pm. There is no cost to register or participate.

Budgeting: Thursday, August 5, 12:00 pm (noon) to 1:00 pm
Borrowing: Thursday, August 12, 12:00 pm (noon) to 1:00 pm
Buying: Thursday, August 19, 12:00 pm (noon) to 1:00 pm
Beyond: Thursday, August 26, 12:00 pm (noon) to 1:00 pm

Increase your Financial Literacy quotient by learning the basics of
Budgeting, Borrowing, Buying, and Beyond with your host, Chris Sorensen, California Financial Literacy.

All Californian consumers are urged to position themselves to advantage of today’s affordable housing market by understanding the components of sustainable home ownership. Topics covered include: budgeting, saving, renting, home buying, understanding loan options, and maintaining a home for the long term. This is not a commercial solicitation but a public workshop/seminar for all interested consumers.

For more information go to: www.CaliforniaFinancialLiteracy.org

Big Changes For Credit Cards

Big Changes for Credit Cards
Friday, July 09, 2010
Credit Card Reform

Credit Card Reform

Credit Card Reform article from Nightly Business Report - NBR

The second wave of credit card reform takes effect this summer. The changes are designed to protect consumers. But, as Darren Gersh reports in tonight’s program, the protections could come at a cost. Below, learn more about the changes credit card users will see this summer.

Summer 2010 Reforms

* Simpler Disclosures: Credit card agreements and statements must be presented in a more easy-to-read manner. Disclosures should be one page long and data in monthly statements should be displayed in table format. This reform went into effect July 1, 2010.
* Overdraft Opt-in: Consumers must select overdraft protection. This reform went into effect July 1, 2010 for new accounts. On August 15, 2010, it goes into effect for existing accounts.
* Fee Caps: Penalties for late fees and over-the-limit fees will be capped at $25, unless the cardholder is late or repeatedly exceeds credit limit. This reform is effective August 22, 2010.
* Inactivity Fees Banned: Credit card companies cannot charge cardholders who do not use their cards an inactivity fee. This reform is effective August 22, 2010.
* Interest Rate Reduction Reviews: Card issuers must regularly review accounts and consider interest rate reductions for cardholders whose rates were increased due to missed or late payments but who have now paid bills on time for six months. This reform is effective August 22, 2010