How Has St. Bernard Parish's Rental Ordinance Affected You ?

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Properties Facing Foreclosure,Firm Files Federal Lawsuit

Rodney Brenneman,and Your Home Solution filed a Federal Lawsuit Monday March 17th against St. Bernard Parish.Brenneman's property management firm manages over 70 residential properties in St. Bernard Parish outside of New Orleans.YHS has clients with over 130 properties facing foreclosure.Most of the properties are rented to tenants receiving FEMA rental assistance.Officials from the Parish have passed a rental ordinance making it nearly impossible to rent your property inside the Parish.The lawsuit draws attention to the unconstitutional nature of the ordinance.YHS,and it's clients fully expect to receive relief through the courts,as well as compensation for their losses.Due to mortgage hardships,these properties are able to be purchased at huge discounts.

YOUR HOME SOLUTION NEGOTIATES WITH LENDER ON 18 MILLION IN REAL ESTATE

Rodney Brenneman and Your Home Solution LLC,s loss mitigation division get lender to waive over 9 million dollars in interest and fees on over 130 residential properties in the greater New Orleans area.We have a lender and many borrowers who got stuck in the mortgage meltdown.In the hurricane stricken areas from Katrina,hundreds of people are out of FEMA trailers and into newly remodeled homes.FEMA pays nearly $1500 per month on these investment properties.The only problem is the current construction mortgage on these properties has ballooned,and the owners can't qualify for permanent financing due to tougher lending guidelines.Your Home Solution has properties valued at over $150,000,fully rehabbed,rented through FEMA,with professional property management,AVAILIBLE for between 80-120K.This area has such a housing shortage,experiencing 100 percent loss in the storm.Additionally,there are GO ZONE tax benefits to those who qualify(seek professional tax advice for your specific needs),taking advantage of a 50 percent depreciation year one.