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ShortStopping short sales to stop the bleeding? - 08/31/07 07:03 AM
In the years (decades) I've been choreographing preforeclosure short sale transactions, I've always asked the applicant to provide copies of original documents, and make additional copies for themselves since lenders made a habit of losing papers. Sometimes accidentally, other-times intentionally.  Having worked in a prototypical loss mitigation arm of the nation's then … (9 comments)

withdrawal from an addiction - 08/21/07 06:59 AM
Cell phones, email,  voice mail, FAXes, text messaging.....For the 18th consecutive summer, my family and I, along with 7 other familes tent camped on a lake in Vermont.  There are no plugs, outlets, or switches. There is no electricity other than battery power.  No cable. No internet. No newspapers. There is no running water.  … (16 comments)

the 4-1-1 for short sale - 08/07/07 07:05 AM
Every upside down scenario doesn't indicate short sale, and not all loans qualify as having short sale feasibility.  Three key elements must be present before a short sale may even be considered. The specific loan itself must be eligible for a short sale workout as imposed by servicing criteria.  If deemed eligible, … (10 comments)

Q: a burdensome mortgage & DIL - 08/02/07 03:18 PM
July 31, 2007
A Burdensome Mortgage
By JAY ROMANO, The New York Times
Q. We are buying a new home from a builder who is providing the financing, but we have not sold our current home yet. We believe our asking price is less than what the current home is worth, but we … (2 comments)

 
Real Estate - Other: David Petrovich (S.P.O.C.H. a 501c3 Charitable NP)
David Petrovich
Oakhurst, NJ
More about me…
S.P.O.C.H. a 501c3 Charitable NP

Office Phone: (732) 571-9464
Email Me
All things foreclosure: subprime & predatory lending updates, mortgage origination fraud, loan servicing errors, loss mitigation, preforeclosure sale and preforeclosure short sale transaction construct, etc.


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