California Association of REALTORS Should Be Ashamed - 05/25/10 11:12 AM
OK, I woke up in rant mode this morning.  No wonder.  First I see that the government cancelled 80% of the HAMP loan mods in the pipeline yesterday and then I get a RED ALERT message from CAR asking me to call my State Congress Representative to pressure them to sign a bill that would allow the folks that took money from their homes like a drunken sailor at an ATM machine and allow them to default on their deficiency because they "did not understand" that they would be responsible to pay it back and made their loan a recourse loan with … (5 comments)

WHAT THE H WILL THE GOVERNMENT THINK OF NEXT - 05/25/10 10:57 AM
HOPE, HAMP, HARP, HAFA, maybe HAHA is next. I know I should not be saying I TOLD YOU SO, but.....HAMP just cancelled 80% of all the applications in their pipeline. Loan Modifications are not working.  A majority of the borrowers were either under qualified for the program or were just trying to use the program to stall foreclosure. In addition is was reported that over 60% of the permanent modifications re-defaulted within 60 days.  A bad debt is a bad debt after all.
I have written several blogs on these so called government interventions.  My feelings remain the same. The congress … (1 comments)

Have You Tried A HAFA Yet? - 05/17/10 08:36 PM
Have You Tried A HAFA Yet?
This program was rolled out with much fan fair by the government and the lenders as the next best thing since sliced bread yet I have not spoken to one agent that has gotten one of these through the process yet.  In doing the math on their time line at least a few should already be listed in the MLS but I have yet to see one. 
If you have attempted one of these could you please give us all some feedback.  I fear that this is just another round of stall tactics to … (0 comments)