Los angeles hero program

The HERO Solar Program is ready to lend a hand, allowing customers to benefit from home solar power now instead of having to save up to make the purchase. Login 0 items. Talk to us about HERO financing and start saving money today!

In fact that should have been emailed to you asap after you signed your finance documents. Transferability - While PACE loans are transferrable unlike unsecured loans the reality is it will be a sticky situation when you go to sell your home. PACE loans do take 1st position over the mortgage company so they aren't too fond of that.

With that being said, there are a number of mortgage companies out there that understand this type of financing and are more than willing to refi, and give mortgages. I dealt directly with contractors, finance company was not involved with any negotiations.

I would have to say it was a pretty easy process. Hero is the worst! My boyfriend got a hero loan for 16, dollars 3 years ago. Now three years later we are refinancing the house just to pay off the hero loan because no principal was even paid. We now owe 18, We were paying 2, on the loan every tax cycle for 3 years. No principal was paid off. The worst financial mistake ever!

As a participating contractor of the Hero program I feel for your situation, there are unscrupulous people in every industry. I wanted to clear one area surrounding price setting and contractors. A homeowner can get as many bids as they like from participating HERO contractors and there are plenty contractors to choose from, just check the HERO directory. I suggest anyone considering any type of home improvement project explore all their financing options.

Good information David. Yes HERO is a sorry scam of a program. Payoff amount was higher than original purchase price after paying per month for 18 months. How that is possible shady amortization and how these snakes can stay in business without being investigatged and charged, is beyond me. When I refinanced just recently luckily I was able to payoff the entire amount, but I am pissed.

Will update you. Hopefully my Congressman is interested. We'll see. It essentially guarantees the lender a portion of the interest remaining that Would have been paid if the loan went to maturity. I always thought it should have been outlawed and have no idea if it still exists in consumer loans. This may be in your loan terms and is the reason you owe more than the original loan, after making payments for years.

There is a class action lawsuit against P. E and HERO program. These bunch of crooks She makes less then 30, a year how is she supposed to pay 10, yearly in taxes. If she made that she wouldn't need these sorry solar panels that aren't even functional.. My mom might even end up losing her home after 40yrs.. I can not agree more. Hero program is the worse mistake that I ever made. It caused me to lose my home. Every year, my taxes kept raising higher and higher.

At the end of the day my mortgage was over 1, what it was before I signed up with Hero. I'm trying by BEST to help my mom. In the LA times there is an article about it. How they target the people. We are teaming up with 3 others to sue. As she sought estimates for new windows and attic insulation, Amalitsa Anastasiou said contractors told her about a program that would let her pay for the work over time. The whole process was overwhelming. But critics allege that HERO and other PACE programs are often deceptively run and let unscrupulous contractors prey on vulnerable homeowners, who are left with insurmountable debt or surprise hurdles when they sell or refinance.

Amalitsa Anastasiou, a Menifee resident, fights osteoporosis in her left knee, which makes it difficult to climb stairs.

She received a loan for energy-efficiency improvements through the HERO program and is now among its critics. Menifee resident Amalitsa Anastasiou said she learned of the HERO program while getting bids for energy-efficient windows for her home.

Amalitsa Anastasiou, 54, stands in front of her Menifee home. County since For a free estimate, call us at or visit us online. Transparent window films that filter out UV rays and reduce heat build-up while still letting in the sunshine.

Attic and wall insulation of various types, under-roof radiant heat barriers, and attic ventilation fans. Patio covers and awnings that keep excess heat from entering through windows and glass panes of doors. Skylights that let in more natural light so you use less from fixtures.