Truth, Excellence and a Good Deal
My honest opinion on things that I find interesting about the real estate industry. I'm here to help you save money and avoid making mistakes.
ARCHIVED BLOG POSTS
2010
I'm a firm believer that sports is a way to learn about life. There are a lot of life lessons that come up when participating in youth sports. Recently, my 11 year old son, Benjamin, was involved in what has now become known as "MaitskiGate". His team had to forfeit a game after it was determine...
10/22/2010
Chris Whalen gives a nice summary about the problems that are being faced with the paperwork and transfer of title throughout the mortgage securitization process. He outlines the problems really well and suggests what will result from it all. Well worth the seven minutes.
10/20/2010
Diana Olick , CNBC real estate reporter, has slowly come to the conclusion that the mess that we call MERS is a big can of worms. In her report, she talks with some experts who get to the crux of the problem: Who actually owns the loans? The securitization of mortgages over the past 5-10 years ha...
10/13/2010
Wow! This is big. JPMorgan Chase's CEO says the bank has stopped using the electronic mortgage tracking system used by major financial institutions. Lawyers have argued in court proceedings that the system is unable to accurately prove ownership of mortgages So much for this being cleared up in ...
10/13/2010
So JP Morgan Chase earned $4.4 billion in profits in the third quarter. What if they took a billion of that and hired more people to take care of the paperwork better? What if they took a billion of that and hired more people to work through short sales faster? Either these profits and fake and d...
10/13/2010
I loved a post I just read. Used Homes Suck! You Deserve a NEW Home! They use a great line to get you thinking about why a used home might be pretty icky. "Used homes have toe nails and hair in the carpet and who knows what else." I like it. That's great copy to get people to think and react. W...
10/13/2010
It's 10pm on Tuesday night. Do you know where your note is? It's been big news recently about banks being sloppy and losing paperwork. Some are challenging foreclosures in court and asking for the bank to show them the note. Have you wondered who actually own your mortgage? Did you know that it i...
10/12/2010
Many still think that the robosigning issue is just a technical issue and due to banks being overworked and getting sloppy. Think again. Citi just reported the details of a conference call they had about the issue with Adam Levitin. Levitin is an Associate Professor of Law at Georgetown and has ...
10/12/2010
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Comments
With the foreclosure moratorium and the so callled paperwork that needs to be corrected, it's probably a good thing to get really familiar with how mortgages have been transferred and securitized over the past ten years. MERS (Mortgage Electronic Registration Systems) is the creature that was cr...
10/12/2010
What makes our system so much more productive than many other countries around the world? Hernando DeSota takes it back to the basics of having good property records and a system of rules that protects those records. So, what we have developed over 150-200 years, is a system of property records t...
10/11/2010
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Tim Maitski
Truth, Excellence and a Good Deal
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