Buying a home with a little help from my friends.

Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.

Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I think most people are looking for practical advice. Please feel free to call 215-740-8999 or visit

Please join us live on the web at from 9:00am to 10:00 am every Friday.

We are joined again today by Mario Henry from Halo America. HALO America stands for Homeowners Assistance Lease Option program. HALO America was spawned in 2008 during the sub-prime mortgage crisis from the company formally known as Credit Evolution and Development. It is a bridge for home-ownership program that is catered to the masses stuck renting due to credit challenges. HALO America has branded a state-of-the-art process to bolster credit-challenged renters and grant them access to the real estate market. We want to bring the middle class back into the city while simultaneously increasing city revenue and upgrading community potential.

So last week we discussed the State of the Union.  The administration wants “responsible homeowners to find relief and be able to refinance. This week has had some interesting current events: Obama Proposes New Home Loan Refinancing Plan; Home Prices post Steep Decline in November; Freddie Mac a mess and likely to stay that way; The housing recovery that wasn’t.

Ever since the mortgage crisis began with the meltdown of Fannie Mae and Freddie Mac people have been trying to create a new normal real estate market.

Today we have the opportunity to spend an hour with Mario Henry and discuss how he and his team at Halo assist buyers through the maze of buying a home. The process for HALO is more than just numbers. Theirs is an education in how to own a home. Their motto is my favorite. Rent for 6 months and own for a lifetime.

Please join us live at for the open discussion with Sandy. Our discussion topic will be credit and credit scores and the effects of those scores. .

Each week we discuss the myths of the mortgage market. It is not about rate. A higher rate with no mortgage insurance may provide a lower payment.

Next week we hope to be joined by another member of Right Side Up Michael Goldberg a lawyer who represents homeowners negotiate with their lender to discuss what to do if you are not sure you can afford to sell your home.

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