This is going to be the year... - 12/30/10 04:32 PM
It happens to me every year.  I get all excited at the end of the December, thinking about all the changes I'm going to make.  "This is finally going to be the year..." 
However, each year I fail to meet most of my goals, whether they be personal, work-related, or health related.  That doesn't mean I'm a failure, or that I haven't accomplished anything, but it is a little depressing to look back and see none of my resolutions achieved entirely. 
This year will be different (aren't they all)!  I will be more specific and come up with game plans to … (2 comments)

Congressional Oversight Panel's take on the Federal Mortgage Programs - 12/14/10 01:18 PM
Senator Ted Kaufman, the Congressional Oversight Panel's Chairman has declared the Home Affordable Modification Program a failure, citing the fact that they are only on pace to do about 700-800k modifications instead of the declared 4 million. 
Sen,. Kaufman cites a mirad of reasons the program failed, from poor logisitical implimentation to pbad marketing of the program.  Those of you who have worked with distressed real estate would certainly agree with what he talks about on this video.
Many agents, myself included, had a strong feeling it would turn out this way (HAFA is as well), but looking back, what could have been done differently?  … (1 comments)

Judicial Versus Non-Judicial Foreclosure- What's the Difference? - 12/03/10 12:22 PM
Last week, we posted our foreclosure laws map which illustrated which states are judicial and which are non-judicial when it comes to foreclosure.  I wanted to spend some time discussing what the difference is between the two.
Perhaps the most helpful guide on this is from the Mortgage Bankers Association report that can be found here.  To summarize:
Judicial A state which follows the judicial foreclosure process begins in the courthouse when the lender files a complaint.  The complaint is recorded as a notice in the public land records publicly announcing a claim to the property to all interested parties.  "The complaint … (3 comments)

 
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Jonathan Bowman

Louisville, KY

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Short Sale Association of America

Address: Louisville, KY, 40243

Office Phone: 800378SSAA

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