foreclosures: THE POWER OF YES......I CAN DO THAT
- 02/14/11 11:19 AM
In these tough and challenging times, I have learned that one word stands out amongst others that if there was ever a time when we needed it to mean what it says...now is that time. It is a word we take for granted, but want so much to hear. the word is YES
I like hearing YES very much. In fact, when I hear NO, I find myself appreciating YES even more. Yes is a great customer service word. The value for the customer is obvious. Whatever they want or are inquiring about, the answer YES just does the trick. As … (6 comments)
|
foreclosures: BANK OF AMERICA.....needs new leadership at the top
- 12/14/10 02:19 AM
As you travel through life, often we are asked or forced to choose a side on something. Politics, religion, abortion, gay rights, taxes, and other similar subjects that require a side also come with a argument. Then, you may find yourself having to defend or accede your position...
I have had 3 plus years to study Bank of America under pressure handle their policies, procedures and interactions with the public and the government regulators, Wall Street and investors. I have nothing good to say about this institution. In fact, it should no longer be allowed to use the name "America" in … (8 comments)
|
foreclosures: BANK OF AMERICA MORTGAGE STORY....MY CLIENT GONE...BUT NOT FORGOTTEN.....
- 11/16/10 02:48 AM
I had a chance to revisit with a past client that is OK right now. The issue came up as to whether he should sue his mortgage company (BofA) for bad faith, fraud, and ......? My client shared his story and I will share it with you. About 2 years ago, months before my client was to be laid off, he tried to renegotiate lower payments.......
WHAT REALLY HAPPENED...
This man and his family had excellent credit, always paid their bills and being pro-active realized that rough times were coming. what does an honest man do...? He contacts his bank and … (19 comments)
|
foreclosures: TWO FLYS...... FLYING AND FIGHTING........reminded me of.......
- 11/15/10 01:04 AM
I saw something the other day that I had never seen before. Two small flys, were fighting with each other. I am no expert here, but I will comment best I can....They did their battle in a circular fighting format. Round and round in complete tight circles spinning in mid-air....then they stop. Then, suspended in mid-air...they either went up or down, left or right and then started the circular chase and attack on each other again.
WHAT IT APPEARED LIKE....
It was like watching two F-15 fighters that have the ability to to also hover and change course in an instance … (7 comments)
|
foreclosures: QUESTIONABLE BANKING TACTICS........
- 11/08/10 01:28 AM
I have a client who is in the middle of a short sale. All ducks are lined up and the bank is cooperating. It can close in 2 weeks time. I get a settlement letter from Chase with the following clause in it. This is the first time I have come across this....
"The amount paid to Chase is for the release of Chase's security interest only and the borrower is still responsible for all deficiency balances remaining on the loan per the terms of the original loan documents..."
MY CLIENT IS ANGRY
My client is incensed and not going … (12 comments)
|
foreclosures: MULTI-BILLIONS CHANGED HANDS WITHOUT THE ORIGNAL NOTE.....? WHAT...?
- 11/04/10 02:20 AM
I do not know who is more stupid, the one who bought the bundle of notes secured by Real Estate without having the proper paperwork in their favor or the one selling the note without having the proper paperwork in their favor. I mean do people get dumber as they get richer..? We don't know. We do know that they get sloppier
THE CULPRIT(s) HAVE BEEN SIGHTED.....it's not the taxpayer
The tax payer should not have to ante up for this major blunder. No more bail-outs.....let the banks write off their losses yearly for the next 30 years. Let Title insurance … (3 comments)
|
foreclosures: SHAME ON ELECTED OFFICIALS...What are you doing...?
- 10/12/10 02:24 AM
We all know by now that there is a stop order on all foreclosures...but not for the right reasons....it is because the bank may have done something wrong which injures the procedure....Now here is the part that gets my goat.....For months and months...even years, ActiveRain professionals have been blogging about this subject and what to do about it
WHY SHOULD WE DEAL WITH THIS ISSUE.......WE ARE DOING JUST FINE......
It appears that everyone in office has been put to sleep. The dream inducers are $150,000 a year salaries whether you perform or not, perks and insurance benefits as well as benefits … (8 comments)
|
foreclosures: GOOD AGENTS WILL BE IN DEMAND FOR .....years to come
- 10/11/10 02:15 AM
With all this foreclosure nonsense, litigation, short selling, loan moding and all the rest of it.....one wonders what will become of the Real Estate industry. This is a fair question and cannot be answered in detail mainly because Real Estate is so vast and also because we are in the eye of the hurricane....
I will tell you share with you a few things....
1. If we had to pay for all this publicity,, we are talking multi-millions in dollars spent. I dare say that is conservative. That being said, the subject matter is famous.....and we are licensed to do business … (11 comments)
|
foreclosures: BANKS HALTING FORECLOSURES........? IT TOOK LITIGATION TO DO SO.......
- 10/05/10 10:02 AM
In several articles that just came out, the banks are halting the foreclosure processes because they found errors in their procedures....These errors are being brought to the surface via lawsuits filed by foreclosed upon homeowners who fought back
Let's not debate weather someone should be in foreclosure or not. Instead, I just wanted to mention how the 3 foot hole that the banks found themselves in has just turned into a 6 foot hole...of their own doing.
Why would the banks not heed the advice of trying to work things out with homeowners....? Because the government offered them a cushion or … (10 comments)
|
foreclosures: RENTAL MARKET HAS IT'S "DOWNTURN" DYNAMICS...TOO
- 09/15/10 01:01 AM
As a result of all the foreclosures in today's marketplace, the rental market has picked up to a degree. People have to have a place to stay. Whether you own or not is not paramount at this point of transition. Between the unemployment dynamic and the housing defaults, it is making the renting of a property to a prospective tenant more challenging for all concerned
TWO YEARS AGO.....1 IN 40 APPLICANTS WERE NECESSARY TO FIND A GOOD MATCH
Employment was better. The housing industry was not its default peak, and business was below normal but operational in the rental arenas
NOW....1 … (41 comments)
|
foreclosures: REAL ESTATE CYCLES...NO RESPECTER OF PERSONS, PLACES or THINGS...Part 3
- 09/14/10 01:55 AM
We have discussed and explored the famous "Real Estate cycle" in Part 1 & Part 2... that refuses to identify itself in the moment, but becomes painfully clear after the fact. Since it will never change its ways, we must change ours and learn from these cycles as they have happened. THEN...apply it to the current cycle and have a better ride..........
Part 3 of 3
REAL ESTATE CYCLES...NO RESPECTER OF PERSONS, PLACES or THINGS...part 3
EVERYONE TAKES A FINANCIAL BEATING OF SOME SORT DURING THEIR LIFETIME....
If you were knocked around, foreclosed upon, and had your credit ruined you are … (4 comments)
|
foreclosures: REAL ESTATE CYCLES...NO RESPECTER OF PERSONS, PLACES or THINGS...Part 2
- 09/13/10 03:14 AM
In part 2 of this subject matter....we continue to see how Real Estate cycles can help you or bury you depending on how you respond or don't respond. They and of themselves, are not the problem. They only report the problem. It is up to us to tap into that data and make it work for us. It can solve problems.....if you listen and learn
Part 2 of 3
REAL ESTATE CYCLES....NO RESPECTER OF PERSONS, PLACES or THINGS.....PART 2
HOW DID WE GET TO THIS POINT?......IT HAPPENED SO FAST
Home equity line of credits (HELOCS), Negative amortization loans, No document loans, … (11 comments)
|
foreclosures: REAL ESTATE CYCLES...NO RESPECTER OF PERSONS, PLACES or THINGS...Part 1
- 09/13/10 01:49 AM
We are in our 18th Real Estate cycle. That means we have had 17 other cycles that we can study to see how we can navigate and mitigate through this one. Yet, this one plagues us, even toys with us, and mocks us for being irresponsible with the systems and the previous data.....
Part 1 of 3
LET'S EXPLORE PART 1 OF REAL ESTATE CYCLES ARE NO RESPECTER OF PERSONS, PLACES or THINGS.
I am amazed at the deep impact the failing Real Estate has had for each one of us, but for the States and our country and then well … (4 comments)
|
foreclosures: THE ROGUE REAL ESTATE AGENT........ THAT GOT AWAY WITH IT..........?
- 09/01/10 08:22 AM
I have been watching my gardener with interest lately. He is a most proficient skilled worker, but he carries around a noticeable burden. Everyone has stories to tell and the amazing part is that no two stories are alike. His son approached me one day and said, your a Real Estate Broker aren't you? I said sure....and then he told me this story....
10 years ago, a Real Estate agent approached his Spanish speaking father and asked him if he wanted to purchase a 3 unit residential site. The father happily said yes and..... deposited the monies.
The agent explained to … (69 comments)
|
foreclosures: REAL ESTATE......WE BROKE IT..........THE FIX....... LONG TERM......
- 08/23/10 10:23 AM
One time I took my kids shopping for toys and let each one pick what they wanted. The day after, I saw one of these EXPENSIVE toys broken only after playing with it for a few hours. I found out that my kids were not ready for expensive toys, but I did not know that.....AND so it is with Real Estate and all the creative things you can do with it that were never intended for it and now.........WE BROKE IT.......the whole darn thing......
Approximately three years ago, I realized that Real Estate was floundering. I knew we were going through … (12 comments)
|
foreclosures: BANK OF AMERICA...SNEAKY, INCOMPETENT AND... NOW PUNITIVE to people
- 08/08/10 02:07 AM
About 2-3 months ago, I wrote a post about HOW SNEAKY BANK OF AMERICA is and received an overwhelming response. Bring yourself up to date by clicking on the link below and then come back to hear how they went from SNEAKY to INCOMPETENT and PUNITIVE
SNEAKY.....BANK OF AMERICA.......LOAN MODS.......... TAKES THE CAKE...........
Well, you just read how during a loan modification process and full compliance by my clients, Bank of America foreclosed right in the middle of negotiations...which is the insult. The injury is that they not only did not give any warning, but put my clients to sleep assuring … (17 comments)
|
foreclosures: WHEN THIS IS OVER.....REMEMBER WHAT BANK OR LENDER......DID WHAT
- 07/24/10 09:29 AM
It looks like foreclosures will rule the day and that loan modifications are trailing away. Slowly, but reluctantly, the public is starting to come to grips with losing their homes and their monies and having to start all over again.
It is harder for some to accept, but in time as with everything else, adjustments will be made and life goes on.....as it is intended to do. Regardless of the cause, I am sorry for your loss...........
The point I want to stress is what part the banks and lenders played in all this and how they treated the public and … (12 comments)
|
foreclosures: DOES ANYONE KNOW ANYONE WHO OWNS A HOME....FREE & CLEAR?
- 07/04/10 08:04 AM
I ran into a former client who owns his home free and clear. It doesn't take more than $120.00 a month to pay for their insurance and taxes. The rest of their expenses depends on how they want to live.
I found it refreshing to meet someone who is NOT being thrown-out, who isn't underwater, in foreclosure, and who isn't in bondage to their mortgage.
I couldnt help but think how important it is to get your expenses down during these recessionary times. If things continue to get worse...then people who have their expenses to a minimum will fair much better. … (9 comments)
|
foreclosures: CHASE BANK..........CHASES HOMEOWNERS.... INTO THE STREETS
- 06/29/10 05:40 AM
Before I begin I want you to know that Bank of America is the uncontested leader in dispossessing people, foreclosing, evicting and mistreating people BAR NONE in this industry. The honor of second position goes to CHASE bank.........
IS CHASE BANK RUNNING TO HELP YOU.....OR RUNNING AFTER YOU..?
Yes, the bank that you and I bailed out with our hard earned money so that they could survive, prosper, keep employees, continue to pay their taxes and resume banking business.... took your HELPING HAND and is using it to evict, foreclose and run around honest, decent homeowners who apply to them for … (12 comments)
|
foreclosures: LIFE ON OTHER PLANETS...?..........TRY THIS ONE FIRST
- 06/20/10 04:30 AM
The subject of life away from Planet Earth is fascinating. Since the beginning of time that man looked into the sky, his imagination was unleashed.....wondering and asking questions about LIFE. As man matured, the questions became clearer and more focused......Is their life elsewhere......SOMEWHERE.....OUT THERE?
HI THERE.....MY NAME IS EARTH AND I AM NOT PLEASED TO MEET YOU
Well, I have a question for you.....IS THERE LIFE ON THIS PLANET? I am not being facetious and this is not a trick question. It is an opportunity to explore a very important subject.....MANKIND.......
I ask you, have you ever walked into a room … (13 comments)
|
In these tough and challenging times, I have learned that one word stands out amongst others that if there was ever a time when we needed it to mean what it says...now is that time. It is a word we take for granted, but want so much to hear. the word is YES
;)
;)
;)
