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Posts from November 14th, 2008

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November
14

Dear Crye-Leike Family,

 

There are now hundreds of thousands of families all across America facing foreclosure because they simply cannot afford their mortgage payments, or they owe far more than their house is currently worth. To make matters even worse, the Mortgage Bankers Association reports that approximately 50% of home owners who do lose their homes to foreclosure have never once contacted their lender.

 

With this stark reality in mind, we are writing to you today to initiate a system-wide Call-to-Action to the more the thousands of brokers, managers and sales professionals who are affiliated with us. We are asking each of you to help "Save the Dream" of home ownership for just one family facing foreclosure. We believe that we have both an opportunity and an obligation to help our neighbors and our local communities by trying to prevent as many foreclosures from occurring as possible.

 

This "Save...

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November
14

ROGERS, AR., - Crye-Leike, REALTORS is pleased to name Joseph Hudack as Vice President & Managing Broker of Crye-Leike Commercial and Property Management Division in Northwest Arkansas.  Hudack will be based out of the Crye-Leike's Regional Headquarters located at 3469 West Walnut in Rogers, Arkansas.

 

"I made the decision to join Crye-Leike Commercial because of the company's reputation and the opportunity to grow," said Hudack.  "With the Northwest Region not having a commercial division I felt this was the perfect opportunity to come onboard and help build something really special."

 

Prior to joining Crye-Leike, Hudack owned and managed his own Real Estate and Development Company where he was involved in the acquisition, construction and management of his own portfolio of property.  He also consulted with several Fortune 500 companies, assisting them with real estate transactions, sales, site selection, lease negotiation and...

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November
14

Crye-Leike Realty announced Friday that they will launch a new program to help homeowners avoid foreclosure. Crye-Leike's founders, Harold E. Crye and Dick Leike, sent out a company-wide letter urging all brokers and realtors to contact by phone those in danger of losing their homes.

 

According to the letter, the Mortgage Bankers Association reports that approximately 50% of home owners who do lose their homes to foreclosure have never once contacted their

lender.

 

The letter states, "Specifically, we are asking each of you to find just one family in your local community who may be facing foreclosure and help them reach out to their lender or a housing counseling agency so that they can begin the process of exploring a loan workout solution and hopefully stay in their homes."

 

Two sources that homeowners can use when faced with foreclosure are the

Guide to Avoiding Foreclosure...

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