Throughout the entire “Great Recession,” homeowners associations in Palm Beach County have had to suffer with a new expense on their balance sheet; bad debt. Basically, this is the money that is expected to come in each month from homeowners through their monthly maintenance fees, but for whatever reason, the money isn’t there.
In most cases, money owed to an HOA is the first payment that people conveniently “forget” to make. If these payments are missed too frequently, however, then people sometimes end up in foreclosure, or, in extreme cases, are evicted from their homes.
Juan Restrepo, President of the Florida Real Estate Investors Association, along with his wife and business partner, Sharon Restrepo, have recently created a non-profit organization dedicated to helping families avoid foreclosure, scheduled to open in West Palm Beach, Florida, one of the hardest hit areas in the country with regard to foreclosures.
Their experience spans nearly every aspect of real estate, including helping families facing foreclosure find alternatives to losing their homes. It’s this part of their business and the desire to bring more help to WPB that inspired them to create Landmark Community Services, a non-profit organization dedicated to educating and advocating for those folks facing foreclosure and seeking the resources to avoid losing their homes.
How can you help? Juan and Sharon have applied for the Pepsi Refresh Everything grant contest and need your help to obtain a $50,000 grant amongst many other competitors. During the month of September, 2010, every vote counts. Visit http://www.refresheverything.com/helphomeownersavoidfore … to place your online vote daily and send an extra vote also when you text “102355” to 73774 to help make a difference in this area of the country. Your vote will help homeowners in West Palm Beach, Florida avoid foreclosure.
When awarded, the $50,000 grant will help launch and open the doors to Landmark Community Services Resource Center and may ultimately help thousands of families keep their homes. The resource center will provide assistance through education, financial literacy, workshops and resources all designed to offer a hand-up rather than a hand-out. Counselors will be available to provide guidance to homeowners regarding their individual situations.
Think you don’t have the time to spare 1 minute a day during September to cast your vote and make a difference? Then ask yourself this simple question…Will you have a home for the holidays? Help others have their home during the upcoming holidays also and cast your vote today and everyday during September.
Some information for this story was obtained from PRLog.org, a free press release service.