ARCHIVED BLOG POSTS

2011 

Doesn't it make you mad as hell? Due to the repeal of Glass-Steagall Act 1933 which regulated the banking industry, Bill Clinton signed Gramm-Leach-Bliley Act 1999 that deregulated banks. For the first time since 1933 banks can use depositor money to gamble. The Banksters didn't care if a loan co...
07/28/2011
  STOPPING ALL FORECLOSURES WOULD HAVE SAVED $93.5 BILLION IN 2011 AND EVERY YEAR FOR THE NEXT FIVE YEARS! It wasn’t only Roman Emperor Nero who fiddled while his country burned. Fiddle playing is alive and well right here in America. The Fed (Federal Reserve), investors such as: Freddie Mac, Fan...
07/26/2011
Since 2008 tens of millions of people have lost their jobs, savings and homes.  The finger can be pointed to one person who put the nail in America's financial coffin.  The following is just small history lesson: After listening to the horrific terrorist murders in Norway of innocent people. I t...
07/25/2011
It can be done and lenders can help and are willing to cooperate if you don't give up, know your clients, file and facts. Friday we finalized a short sale with a large first and second (HELOC) mortgage. The lenders released both the notes and liens. This was not a HAFA program short sale. Without...
07/23/2011
To forecloser on the average home in U.S. represents a $260,000 LOSS TO BANK/INVESTOR. It represents a 70% per unit and is considered wholesale sale. Average loss per unit to foreclosure is $182,000. The number of foreclosed homes in 2011 is between 1 - 2 Million units. Total annual loss to forec...
07/20/2011
Permit me to blow off a little steam after being abused by the servicers for the greater part of another 14 hour short sale day.  To say I am mad as hell would be an understatement. To say I am angry at what the Banksters have brought upon all of us would be an understatement. Yesterday, I blogge...
07/19/2011
Today we closed a perfect HAFA Short Sale and it went smoothly and closed on schedule. Friday we are on track to close another HAFA deal, and last week we closed one too. All sellers had the deficiency waived and received their $3000 relocation assistance at closing. So, HAFA can work! I do have ...
07/18/2011
The fingerprints of Wall Street, et al can easily be found all over the corpse of the raped, bludgeoned and decapitated housing market that led to our economic collapse. The willful, thoughtful, planned and brilliantly executed rape and premeditated murder of the housing market should not go unpu...
07/16/2011
Eight Reasons You DEFINITELY Want To Prevent a Foreclosure... 1. You will always have to disclose that you have had a foreclosure on aniy mortgage application in the future and this will have an adverse affect on your mortgage rate.  This is the only credit item that is asked specifically and doe...
07/16/2011
I am very angry at what the few has done to the many. The criminally accumulated obscene wealth by those who are in a fiduciary position and who we entrust to represent us has gone unpunished. These very few should be have been held to a much higher standard instead of the lower standard that is ...
07/16/2011
Rainer
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Edward Goldfarb450 Short Sale Approvals - 1750 Sales

www.GoldfarbForCongress.com
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