short sales: Who will this help? - 11/03/08 05:16 PM
J.P. Morgan Chase has announced that they will be actively seeking homeowners who are in need of a Loan Modification! In fact they are going to open 24 regional branches advocating for the needy! This not only is designed to address our nation's greatest crisis, but it will open over 500 … (8 comments)
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short sales: Freddie Mac and Fannie Mae thrown a "LIFELINE"....Finally! - 07/30/08 05:11 PM
It appears our current government will take action after all!
After mulling and procrastinating for more than a year, the Administration has decided to pass a bill worth passing.
Pres. Bush ok'd a bill designed to assist more than 400,000 homeowners and correct the market plunge. The Treasury Department will be … (6 comments)
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short sales: Somebody's got the case of the "Sundays"!!! - 07/06/08 07:57 PM
Well,
It looks like somebody has the case of the Sundays! I'm curious, what do you do on Sundays to prepare for your week?
I like to use Sundays as an ultimate combo day. I spend time rejuvenating my faith. I spend time with my family and I rest my mind … (6 comments)
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short sales: Short Sales...The Ostrich Syndrome - 06/26/08 02:06 PM
How many Short Sales gurus out there have clients who come to you at the very last minute!?
Homeowners who are in deep trouble with their mortgages, more often than not simply put their heads in the sand until the fireworks are over! Those fireworks being "Foreclosure"!
Doesn't that drive you … (11 comments)
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short sales: Control a client! It's a must! Short sale 101 - 05/26/08 02:53 PM
I just had a meeting with my staff Friday about controling our clients during our short sale process. I thought this might be good information for a fellow short sale experts out there!
The problem lately has been clients calling banks and speaking with the loss mitigator reps on the lenders … (5 comments)
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short sales: 20,000 Points and counting!!! - 04/08/08 10:40 PM
Wow I can't believe it! I began January 1st 2008 and It took me 3 months to get to my first 10,000 Points.
The next 10,000 points only took me a little over a month's time to achieve. What happened???
I GOT HOOKED!!!
Has anyone one else heard of this phenomenon? I actually applied … (34 comments)
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short sales: Ohio's "Save the Dream" campaign - 04/02/08 03:57 PM
Here's a great story and tribute to the great state of Ohio!
Ohio is another state that's apparently fed up with Big Government and decided to take matters in their own hands. They are sponsoring a program to assist Home Owners who are facing foreclosure.
This program is called "Save the Dream"! … (5 comments)
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short sales: Penny MAC?..... who are they and what do they want? - 03/24/08 02:54 PM
Have you heard of the New Mortgage company Penny Mac?
Penny Mac, a newly created mortgage company by Ex-CEO of Countrywide (Stanford Kurland).
The aim of this company is to buy back bad loans and restructure them! He's being backed by investment firms Black Rock inc. and Highfields Capital Management.
Penny Mac … (26 comments)
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short sales: Taylor One.....Introduction! - 03/23/08 03:41 PM
I would like to take this time to introduce who we are!
Taylor One is a National Pre-forclosure Assistance company based out of Atlanta, Ga. Our aim is to greatly educate and assist homeowners who are facing possible foreclosure.
We work with these homeowners in setting up forbearances, Lifeline and Bailout programs … (8 comments)
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short sales: R.E.O Market Growing ever Bigger! - 03/19/08 03:23 PM
Here's evidence of where the R.E.O Market is going.
FAS (Field Asset Services) is a REO maintenance and service provider for many Lending institutions. Their main focus is to increase their return on defaulted properties sold for their clients.
Recently, they've just added new clients like Fannie Mae, Indy Mac and … (28 comments)
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short sales: Finally "Jumbo" Loans...Protected! - 03/18/08 08:20 AM
Recently in President Bush's new Economic Stimulus Plan, Conforming Loan limits were increased to a little under $730,000.
Typically, the Nation's 2 largest secondary market lenders (Freddie mac and Fannie mae) set the standards for conformed loans. That limit was just above $400,000 recently. Loans above this limit were termed "Jumbo … (4 comments)
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short sales: Broker Fees In Question... - 03/16/08 07:03 PM
It appears our government is at it again! This time they are going after Mortgage Brokers???
In an attempt to restore our expiring economy the Bush Administration is pressing for Mortgage Brokers to have full disclosure to fees charged for originating loans. Lender and Broker trade groups in the past have resisted … (2 comments)
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short sales: 30310... will it ever be the same!? - 03/12/08 11:54 PM
I remember not too long ago when this zip code comprised of historic beautiful homes. Not too long ago this area flourished with home owners that were proud of the history this area possessed.
That was then, this is now!
My company works with home owners in dealing with pre-foreclosure issues. Needless … (6 comments)
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short sales: The reality is.....If we don't who will? - 03/10/08 01:14 AM
Last week Treasury Sec. and other members of the Bush Administration visited Oakland, CA. They were there due to the fact that CA has an abnormally high foreclosure rate. (who doesn't!)
The Administration's current attempt to battle the foreclosure epidemic is to educate home owners who are loosing their homes to … (16 comments)
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short sales: Loss Mitigation....Continued! - 03/08/08 03:29 PM
Earlier this week i wrote a blog about how HomEq was giving me the run around in regards to getting a short sale payoff letter! Well, here's how it ended!
I managed to find out the email address for the CEO of HomEq and the phone number to the CFO! I called … (8 comments)
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short sales: What is Loss Mitigation Really Doing!? - 03/06/08 06:42 PM
I can't believe these Loss Mitigation departments! I would love to see who is managing these departments. Surely it's a 12 year old!
Correct me if i'm wrong, but the purpose of these departments are to "Mitigate Losses" isn't it? Then what are they doing!? The bank told me exactly what they … (15 comments)
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short sales: Federal Law can't help, but State law WILL!!! - 03/01/08 12:37 PM
In an unprecedented move, Massachusetts state court ruled to stop all foreclosures preceding against Fremont Mortgage based out of California.
The court ruled that Fremont had approved many loans that were designed to make the loan holder fail. Also known as Preditorial Lending!
The objective is to allow the homeowners time to develop … (7 comments)
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short sales: There "Absolutely" no End in Sight! - 02/27/08 08:01 PM
foreclosures are gaining Speed! In the month of January filings were up 57%! ???? Unbelievable That is an 8% increase from the month of December Ok Active Rainers! Which state is the winner of the highest rate of Foreclosure .......... Nevada! with California and Florida a Very close Second and Third Respectively Never fret Californians you … (10 comments)
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short sales: BPO: If I had my Druthers! - 02/18/08 04:00 PM
I Think most of us agree that the most important (at least one of them) piece of a successful Short Sale is the
BPO!
The question is whether or not you are going to get:
A. BPO Agent?
B. Appraiser?
Now, is there a toss up … (9 comments)
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short sales: Is this Really Relief!? - 02/16/08 11:15 PM
The Bush administration is at it again. They've now come up with a new stop gag program not really designed to solve any of the problems home owners are having with the economy and crazy mortgages! However, I guess yet again.....it is something...
"PROJECT LIFELINE"
Home owners are allowed a 30 day reprieve … (10 comments)
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