foreclosure: BAAAAAAA! - 04/16/08 09:33 AM
Feel like a Piece of Livestock yet?
Cattle, Sheep. Goats, go ahead and pick your favorite. You are a now a piece of livestock in the eyes of Fannie Mae and Freddie Mac.
And you thought you were just another number?
As the pressure mounts for more and more … (5 comments)
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foreclosure: The Dreaded 1099-C - 04/14/08 09:00 AM
Here's what a blank form looks like. In a Short Sale or Foreclosure this is what the Lender might chose to file (a foreclosure might send you a 1099-A too).
Like any other 1099, one copy goes to the taxpayer (you) and another copy goes to the IRS.
… (8 comments)
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foreclosure: The Right Thing - 07/23/07 09:34 AM
Karen George wrote a great article last week "Good Salespeople Ask For Business" that got me to thinking.
As a loan officer for 14 years I have seen both the good and the bad. In the last couple of years I've witnessed the flood of less than ethical Salespeople into my chosen … (10 comments)
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foreclosure: California Notice of Defaults (This Week) - 07/10/07 03:17 PM
7/10/07 NODs (CA)
Notice of Defaults
This week, for the State of California, there were 3,692 Notice of Defaults (NOD) filed with the County Recorder office.
Here are just some of the notable counties:
… (2 comments)
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foreclosure: California Notice of Default Filings - 07/03/07 01:49 PM
This week, for the State of California, there were 3,557 Notice of Defaults (NOD) filed with the County Recorder office.
Here are just some of the notable counties:
… (5 comments)
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foreclosure: Sometimes Holidays are for Worrying... - 07/03/07 10:39 AM
With the Fourth of July holiday tomorrow I am looking forward to the Parade, the BBQ, and the Fireworks.
Holidays are times for us to slow down, to catch up with the Family, to reconnect with Friends.
Holidays are also times when our busy day to day schedules take … (2 comments)
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foreclosure: Real Estate Investor ? - 06/05/07 10:51 AM
This is Part One in a Three Part series
The System Have you ever seen one of those signs and wondered?"We Pay CASH for Homes!"or the latest incarnation..."Real Estate Investor Apprentice Wanted"Wonder how all these people could pay cash for all those homes?Wonder why the same looking signs have popped up … (3 comments)
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foreclosure: Work It Out? - 05/08/07 11:25 AM
I came across what might be a very valuable site for homeowners in trouble.It's called WorkItOut.comI did a little background checking and although the site is in "beta" it is NOT an start up.From the outside it appears to be on the up and up.It was originally registered with Network … (7 comments)
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foreclosure: The Foreclosure Crunch - 05/07/07 10:14 AM
This is part Three in a Four part series of articles detailing the changing mortgage market.The Foreclosure CrunchThe Foreclosure Crunch is closely related to the LTV Crunch.In fact, both crunches fuel on each other.I would suggest you first read the LTV Crunch before you dive into this easy concept.Now where to … (2 comments)
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foreclosure: The Credit Crunch - 05/01/07 03:50 PM
You may hear from time to time about the Transparency of Real Estate.There are people and companies marketing this term daily.It refers to the general idea of the borrower or clients ability to see and know what is happening "behind the scenes".I'm all for that!In the broader sense, I like … (3 comments)
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foreclosure: Should We Bail? (continued) - 04/17/07 01:30 PM
Here is a follow up to my post yesterday titled Should We Bail?
I was reading that Fannie Mae and Freddie Mac are both working on programs designed to keep people from going into foreclosure. At this point, no specific details are available. Most of the loan amounts in my area, Walnut … (2 comments)
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foreclosure: Should We Bail? - 04/16/07 11:18 AM
There's a fierce debate going on right now.It's a national debate but reaches right into my area.It's going to have an influence on the home loans that happen right here in Contra Costa County.It involves the collapse of the sub prime lenders.It involves the coming rise in foreclosures.It involves politicians.It … (4 comments)
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foreclosure: I took part in a Train Wreck - 04/12/07 09:35 AM
I had a phone call the other day from a former client.It was another call for help, I had placed a Hard Money Loan for her a year ago.She had first contacted me when her lender filed a Notice of Default on her home.She was working but fell behind in … (2 comments)
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foreclosure: Somebody is going to lose their Investment - 04/10/07 07:59 AM
I've been working hard on a commercial deal that just didn't make sense.
It started back here: http://activerain.com/blogsview/60085/-Commercial-is-Different
The clients made some pretty serious mistakes prior to coming to me.
They bought this 6 unit apartment for too much money,They bought in the wrong neighborhood,They bought in the wrong city,They bought in the wrong … (10 comments)
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foreclosure: East Bay, Hot Bed of Defaults - 04/03/07 04:43 PM
I read an article in the Contra Costa Times yesterday.It was also covered by all the news stations."Loan Defaults are the Worst in the East Bay!"Hey, I can see that.I blame all sorts of people here: LINKGood people have been mislead into signing for more house than they can honestly … (0 comments)
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foreclosure: Conspirator or Patsy? - 02/21/07 10:57 AM
Who's to blame?No this isn't about Lee, I'm talking housing and Sub Prime Lenders.I've posted about the Sub-Prime Lenders taking heat in the news for making so many bad or questionable loans. I've also posted recently about the closing of doors for some of these companies. It all comes back … (2 comments)
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foreclosure: BUY, SELL, HOLD - 02/01/07 10:56 AM
We're doing another Investing in Real Estate 101 seminar this weekend.This one will be at the local Marriott in their largest room.And guess what?I just found out we're overbooked!Not only are we sold out, we're really oversold!"I'm sorry Mr. and Mrs. Smith we're going to have to bump you to a … (1 comments)
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