Unknown consequences of NOT DOING THINGS RIGHT THE FIRST TIME!

By
Real Estate Agent with Montana Homestead Brokers, Broker, CRS, GRI, SFR, RN

Why are the documents for a deed of trust so long and full of procedures for "what happens if you don't make your house payment" if the procedures aren't even going to be followed?  At least that's the headline news this week, pretty spooky!

I'm just pissed that the end of this foreclosure mess is now even further outta sight! spooky

Somewhere, managers just aren't doing enough good thinking!

I wouldn't be surprised if the courts act pretty quickly and restore ownership to the original owner until the procedures are done right.  The court really doesn't have "investors" who need to be coddled, they just pass judgment on whether or not people are following the rules, oh, and they impose a penalty!

What will happen to all of those people who purchased these homes that went into foreclosure?  OMG, I'm just trying to imagine the nightmare mess!

I think mortgage companies have shot themselves in the foot, again, and we are all suffering from their poor aim. 

This is going to get even more expensive, but it could also be a "jobs" opportunity. 

I think the short sale, foreclosure and all paperwork should be handled in the county of the property, by people who live and work in the same area.

Maybe you call these people "distressed property agents" and their mission is to resolve any and all issues involved. 

It would be a cheaper solution to the cost of NOT DOING THINGS RIGHT THE FIRST TIME!

 

Posted by

The Quilting Realtor

Wanda Thomas

Many Dream Of Living In Montana

I'm One of the Lucky One's That Already Do!

Wanda Thomas

2wandathomas@gmail.com

Call or Text 406-698-8640 for help with all things Montana.

Local MLS Search Link

 

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Rainmaker
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Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

Interesting idea with the local distressed property agents and I hope the titles are not a mess but they likely will be.

Oct 08, 2010 05:03 AM #1
Rainmaker
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Wanda Thomas
Montana Homestead Brokers, Broker, CRS, GRI, SFR, RN - Billings, MT
Billings Montana Real Estate

I also wonder what the title insurance responsibility, or liability is considering at least one title company has halted issuing policies on these properties?

Oct 08, 2010 05:20 AM #2
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Rainmaker
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Wanda Thomas

Billings Montana Real Estate
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