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I have a platform: Your Comments Please

This past week I've been interviewed on several metropolitan radio talk shows due, in part, to the national release of my new book, Fight Foreclosure! Tomorrow, I'll have a TV segment on FOX Business News. I'd like to use this opportunity not only to express my outrage and fustration, but to offer hope and solutions.

The TV format won't permit lengthy discussion. The topic is "squatting" and how homeowners are likely to abuse the foreclosure process. I've got that covered.

I'll need to quickly identify three main points.

#1. We need an expedited short sale process so prices don't drop even further due to delayed reaction from loss mitigation bureaucracy, and increased competition from neighborhood REO.

I'd welcome your input and suggestions for #2 and #3?

Posted by David Petrovich on 03/16/2008 10:47 AM

Comments (3)

short sales, loss mitigation, workouts, subprime chernobyl, mortgage meltdown, housing crises

Post is included in group: Professional Real Estate Investors of Canada
Post is included in group: Foreclosure Education Forum

3 Comments on I have a platform: Your Comments Please

MAR

2008

David - Congrats on the book! Did you see my post on Ocwen the other day? http://activerain.com/blogsview/422538/-No-Options-With

Not entertaining any short sales at all helps nobody!

I'm with you on #1.

#2 Would have to deal with Loan Modification and opening up that avenue.

#3 Better clarity and disclosure of the foreclosure process. What options you do have, what will happen, what is a scam.

That's my 2 and 3.

Good for you!

I think one of the extra topics should be about short sale abuse and how only serious sellers selling out of necessity should use the short sale process. THat would definitely help #1 and get some deals to go through. The process of #1 will be simplified only when we see serious sellers in that market, agents who know what they are doing listing in that market and fraudulent short sale transactions ground to a halt.

By fraudulent I mean relative to relative selling, double escrows, and the like.

MAR

2008

Congratulations on the book and the national media coverage. Renee - great comment, see my post on double closings - I agree we need to clean up this new segment of the business.

Alex Charfen
www.1cdpe.com

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