foreclosure: GOTTA SCREAM! Short Sale Insanity! This time it's Wells Fargo and/or the investor. - 02/21/12 10:54 PM
 
Been working a short sale with Wells Fargo for TWO YEARS. We've had over five CASH offers $50,000 to $60,000 on 9 NE 9 Ct., Fort Lauderdale, Florida that were ALL TURNED DOWN! About a year ago they tried an auction company that did online auctions. I held open houses for them and made the property available for inspections by perspective bidders. We had no one come through the home and, I understand, the bids came in from $25,000 to $30,000 and the bids were also rejected by Wells Fargo. Despite all the facts and evidence all offers that I submitted … (3 comments)

foreclosure: Wall Street Gone Wild! - 02/05/12 03:43 AM
Wall Street Gone Wild! Strategic Defaults? There was a fraud perpetrated on the American people by no less than Wall Street and the Federal Government. And, if you don't believe it, I have a bridge I'd like to sell you that goes from Brooklyn to Manhattan. Or, you have your head buried where the sun don't shine. Most of my clients were put in positions due to no fault of their own and homes values went up so much so fast they were afraid if they didn't buy at the "artificially" inflated prices they would not be able to buy at … (0 comments)

foreclosure: Bill O'Reilly Fox News blew his interview with Barney Frank. He was way to easy on Barney. - 11/28/11 03:32 PM
I only caught the tail end of Barney Frank interview on the Bill O'reilly show on Fox. The man (Frank) is a traitor at best and a crook at the least. He and Wild Bill (another traitor) were responsible for the collapse of the economy with the repeal of Glass Steagall when they orchestrated the Gramm Leach Bliley Act. This bill (pun intended) put the last nail in the coffin carrying the corpse of the economy. A post mortem examination will reveal in all the bloody glory the fingerprints of Wall Street all over the corpse of the murdered economy. Maybe you (Fox, et … (4 comments)

foreclosure: Short Sale Processing: "B+" for BOA, Wells, Chase, SunTrust, GMAC and a few others. "F" for the rest... - 11/26/11 02:39 AM
You may or may not agree with what I am saying. I have been struggling with short sales for going on five years (right Alex?) and have +/-300 approvals, I am still personally involved in each and every negotiation even though I have assistance, In my opinion BOA, Wells, Chase, GMAC, SunTrust and maybe one or two of the major servicers/lenders have come a long way. Yes, we still encounter glitches, but overall are doing a B+ job because there is still MUCH room for improvement so I cannot give anyone an "A" yet. It's the little "guys", i.e., Aurora, Flagstar, … (1 comments)

foreclosure: Collapsing the housing market was the first domino. - 11/04/11 09:34 AM
If you know about Saul Alinsky and believe that many Elitist including the Obama's and Clinton's are following his teachings you know that the following is accurate and true. Being a fairly high producing Realtor (averaging 80 sales annually and 300 short sale approvals) the events of the last decade have weighed heavily on heart and mind. Since the early 2000's, I have been trying to figure out why the lenders were making mortgage loans they knew could and would never be repaid. These absurd loans were referred to as Liar Loans, Stated Income Loans and NINJA Loans (No Income, No … (0 comments)

foreclosure: Americans Follow the Classic Definition of Insanity! - 10/18/11 02:49 AM
It is incomprehensible to me that 545 members of Congress have such a horrific job of running this America that we are now in our current state of affairs. If their performance was graded there would be no grade low enough. Is there the equivalent, but opposite number to a google? There gross absurdities, gross negligence and criminal activity not only goes unpunished, they reward themselves and who is even more incomprehensible we ALLOW it and rewarded them for their treason. The real morons are the American voters, who not only don't any of the issues, but vote as if the … (4 comments)

foreclosure: Why I am 100% successful in negotiating short sale approvals. - 10/13/11 04:21 AM
Yesterday, it occurred to me the reason for the 100% success rate (275+ short sale approvals) I am able to achieve for my short sale clients (National average is 30%) is I hold myself fully accountable for the transaction. I am in total control of their files, don't use third parties to do my job, and handle the entire transaction from pricing to listing to marketing to negotiating to short sale approval to closing to post closing details and follow up. Saving my client's from foreclosure is extremely important work because if I fail and they are foreclosed their credit is … (1 comments)

foreclosure: Short Sale vs Foreclosure: With Foreclosure Wars, Inc. we can fight back. Will you join the army? - 09/10/11 05:02 PM
There are many companies promoting for profit training, certifications and designations for the handling and processing of short sales, but not a single one with the objectives and goals of that of the proposed Foreclosure Wars, Inc. I am in process of forming Foreclosure Wars Inc. a not for profit corporation dedicated to short sale education, awareness, standardization and reform. I have checked the availability of the name as a Florida corporation and have taken the initial steps by writing the corporate goals and objectives.
Please review and make any suggestion you like. I have been a Realtor for 21 years, … (0 comments)

foreclosure: This is what it is about, and it's not about the money! - 08/29/11 04:57 PM
This is a Zillow Review I received today from Gary O, the seller of the most difficult short sale we've worked. The morale of the story is just what Winston Churchill said, "never, never...give up". This home had a City and Fedreal deed restriction that ran with the land and the HUD that made it impossible to sell. I must have been out of my mind to take it in the first place!  Regardless, not only was this a BOA short sale, but every buyer had to qualify with the City of Hollywood regarding family and income limits. We worked five offers until … (7 comments)

foreclosure: They Want America To Fail! - 08/23/11 04:55 PM
It wouldn't be a day without blogging and trying to make a difference regarding the insane, absurd and abusive environment we as short sale agents and others who work in the short sale arena must endure just to earn a difficult living.
I was brought up to believe in a work ethic where if you did an honest day's work, for an honest day's pay and did good job you would make an honest living. That no longer applies in America. As I sit on the phone all day calling bank after bank or at the computer writing email after email … (4 comments)

foreclosure: I'm Two Centurions In One. First 100 (actually 225) Aircraft Carrier Landings In the Navy and NOW, 100 Short Sale Listings...SOLD! - 08/06/11 04:51 AM
I'm going to pat myself on the back. I've earned it the hard way.  Short Sales! I just made Short Sale Centurion! 100 short sale LISTINGS sold and still have a 100% success rate (National avgas. 30%). I cannot do better than that. Of course, to sell 100 short sales require 250 lender/investor/MI company approvals because homes have to be resold 2.5 times before we can get one to the closing table. In the last 60 days, I've close three short sales that took over two-years. The key to success is persistence, knowledge and experience. It pays off the read the … (6 comments)

foreclosure: The first domino will topple the the entire line... - 08/04/11 05:00 PM
I have research, listened and read ad nauseam. As I dig in further and learn more the lump in my throat grows larger. I am truly afraid. I am not paranoid nor a doomsayer; just capable of fitting puzzle pieces together.
For years the Trilateral Commission, The New World Order, The Bilderberg Group and Council on Foreign Relations have methodically plotted and built their oligarchy. Putting their puppets in positions of high power and not only mastering the art of puppeteering, but also the art of bait and switch. They are brilliant and are in total control.
I have been writing … (6 comments)

foreclosure: Follow up to my last blog question. Here is the definition of treason. - 08/03/11 05:15 PM
trea·son    /ˈtrizən/ Show Spelled[tree-zuhn] Show IPA noun 1. the offense of acting to overthrow one's government or to harm or kill its sovereign. 2. a violation of allegiance to one's sovereign or to one's state. 3. the betrayal of a trust or confidence; breach of faith; treachery.   By it's very definition, I maintain, the Banksters of Wall Street and the politicos who orchestrated economic collapse are guilty of treason. … (7 comments)

foreclosure: What are your thoughts? Would you consider the following scenario treason? - 08/03/11 04:40 PM
If the few, the super wealthy buy, coerce, use their positions of trust and unchallenged power to bring about and cause the laws of the United States of America to be changed so as to give them unimpeachable economic power over all others resulting in the  overthrow of American economy...Should this be considered treason?
(5 comments)

foreclosure: How did Ayn Rand know this in 1950? We better all read Atlas Shrugged! - 08/02/11 05:20 PM
When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you...you may know that your society is doomed. - Ayn Rand - Atlas Shrugged
(12 comments)

foreclosure: Where is NAR now that we need them fighting for us, more than ever? - 08/02/11 05:14 PM
NAR has a duty to your members and you are failing your members miserably. The housing market has collapsed purely due to Wall Street Greed. This is the hand we are dealt and are forced to play out. 130 million home owners, one million Realtors have been, are and will continue to pay the price for years to come while NAR does nothing, but fiddle while your membership burns.   I have written thousands of words on what is causing your members to suffer horrific abuses while negotiating short sales. As a four year veteran of the short sale wars, 250+ … (5 comments)

foreclosure: Lincoln said it, now more than ever, "United We Stand, Divided We Fall". - 07/28/11 02:06 AM
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 could be repaid because the riskier the loan the more money they made. Don't you think it's time to take America back? You must see these two documentaries, "Too Big To Fail" and "Inside Job". YOU MUST! Remember, Lincoln's quote applies more than ever today, "United We Stand, Divided We Fall".  Don't … (0 comments)

foreclosure: The Great American Ponzi Scheme or Is It Economic Treason or Terrorism? Maybe It's All Three? - 07/25/11 05:19 PM
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 thought about what happened to our own country. I know the housing market lost over $10 trillion in equity, millions are out of work and the National Debt is over $14 trillion. Bernie Madoff earned a life sentence in jail for a $65 billion Ponzi Scheme and Scott Rothstein, who I know, … (7 comments)

foreclosure: Successful Short Sales: What experience, knowledge and skill can accomplish. - 07/23/11 08:47 AM
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 going into the hardship the home sold for $445,000 with 3% seller contribution. The first was owed $489,000 and the second the HELOC was $271,000. The first agreed to pay the second $6000 with the stipulation that the lender of that HELOC would not get more than the $6000. … (0 comments)

foreclosure: Foreclosure: Just A Few Small Numbers (remember nine 0's is a billion, 12 a trillion) - 07/20/11 01:51 AM
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 foreclose 182,000,000,000 to $364,000,000,000.
LOSS TO BANK FOR A SHORT SALE is 40% per unit and is considered a retail sale.
Average loss per unit to short sale is $104,000.
Number of homes that could be short sold v foreclosed 5 to 10 Million units.
Total annual loss to short sell … (0 comments)

 
Edward Goldfarb 450 Short Sale Approvals - 1750 Sales, www.GoldfarbForCongress.com (Keller Williams Realty)

Edward Goldfarb 450 Short Sale Approvals - 1750 Sales

www.GoldfarbForCongress.com

Fort Lauderdale, FL

More about me…

Keller Williams Realty

Address: 2000 NW !50 Ave., Ste. 1100, Hollywood, FL, 33028

Fax: (800) 801-8103

Mobile: (954) 605-8427

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