solution for change: Note Modification is a Compromise - It's Not For Everyone and Won't Save Every Home - 09/26/07 03:23 PM
I have been blogging on note modification a lot lately.   As a result I have gotten a lot of calls from distressed borrowers looking for some free advice, which I am happy to provide.
This morning I got a call from a woman named Alice in Florida.  She wanted me to help her talk to her mortgage company about a note modification because she said she "couldn't get anyone to listen to her." 
We did a conference call with her mortgage company.
Alice is upside down in her home.  She has an Option ARM she has been paying 1% on.  Her loan is $300,000 … (12 comments)

solution for change: A Comment from Diana: A Real Life Story of Today's Mortgage Mess and Why All Lenders Need To Get Involved - 09/26/07 03:10 AM
Last week, I wrote  Calling on All Mortgage Lenders on Active Rain! Be a Hero - Give FREE Time To A Distressed Borrower and Help Them Save Their Home thru Note Modification.
I told about how I have been helping families get their mortgages notes re-done by simply spending time with them and communicating with their mortgage companies to help them save their home from foreclosure.  I challenged ALL lenders to do the same. 
I have received a lot of great comments on it but none as powerful as Diana's. Please read this.  Diana puts the face on what is real today.  She isn't … (2 comments)

solution for change: Calling on All Mortgage Lenders on Active Rain! Be a Hero - Give FREE Time To A Distressed Borrower and Help Them Save Their Home thru Note Modification - 09/19/07 06:41 PM
In the past two weeks, I have had no less than five desperate homeowners, with negative equity, mortgage lates, and resetting ARMs call me to help them refinance their mortgage to save them from foreclosure.
In all five cases, a refinance was not possible.  I still made appointments for each of the borrowers to come to my office and bring their mortgage coupon.   
In each case, I called their mortgage company, got the note modification department on the phone and arranged for a note modification.    I did not get one refinance out of this.  I did this for free. 
I cannot be any busier in my mortgage business here in Las Vegas.  As more and more lenders leave … (41 comments)

solution for change: My Solution to the Lending Mess---An Open Letter to The Nation's Top Banks - 08/01/07 06:56 PM
Dear Top 25 Residential Lending Banks---
As you know, we are in a mess.  A downright mess. 
Foreclosures are at an all-time high in many areas.   Most housing markets are depreciating.  Millions of homeowners are facing the recast of their adjustable rate mortgages.  They cannot refinance out of them so they will watch their payment skyrocket and reluctantly join those already in foreclosure.
For those of you who can survive it, and most of you won't, this is going to cost you billions.  It's also going to create a new low for an industry that, although its had its downs before, has mostly been vibrant and alive for decades....the real estate … (15 comments)