Following yesterday’s post – I don’t call lenders dumb . . . but sometimes they’re good for solid laugh. Check this one out. These are actual emails from lenders.
From the lender in 1st position:
Being in first lien position, our investor gets to make the decision as to how much the 2nd can receive on a [...]
I don’t engage in lender bashing. Facebook and the blogosphere are full of people talking about how dumb lenders are. You’ll never find me saying that.
My party line is “lenders are simply under intense pressure from many different places – investors, insurance companies, government regulators, and their own PR agenda – that often the end [...]
Regular readers of this Blog will recognize a theme: government announces new rules or program . . . the blogosphere goes nuts with headlines and posts that the new policy is “bad for short sales” or “bad for real estate agents” . . . I write something ultimately concludes . . . “the government program [...]
Posted in HAMP | Tagged HAMP, modification |
A recently released study from LPS Applied Analytics shows the foreclosure crisis keeps getting worse. Here are some quick statistics from the report:
Delinquency rates have surpassed the 10% level; factoring in foreclosures, the total non-current rate sits at 13.3%.
Industry extrapolations indicate that over 7.2 million loans are currently behind on payments with an estimated nearly [...]
The Federal Trade Commission proposed a new rule that would prohibit loan modification specialists and loss mitigation attorneys from collecting advanced payment for foreclosure prevention services until after they obtain results.
“Homeowners facing foreclosure or struggling to make mortgage payments shouldn’t have to contend with fraudulent ‘companies’ that don’t provide what they promise,” FTC Chairman Jon [...]
I’ll show you the real deal . . . step-by-step how we created a $120,000.00 profit all the details . . . line-by-line.
It’s a 100% Content jammed packed training
Sunday, January 24, 2010
9 pm est / 8 pm central / 7pm mountain / 6 pm pacific
<<<<<CLICK HERE to RESERVE your free seat>>>>
From “Lead” to “Check” Ben [...]
Wow, I never thought my blog post on “Good Flippers” would have such an impact. I posted it Friday morning and then that day FHA waives the 90 day flipping rule! Ah, the power of the pen!
Okay, so maybe that’s just a coincidence, but the both the article and the FHA waiver make the same [...]
Finally! In this week’s Time article, “Home Flippers Are Back in Florida. A Good Sign?”, Thomas Collins writes:
The current crop of investors, analysts say, are playing a crucial role in reviving the housing market . . . Somebody’s got to clean up those messes, and that’s what the good flippers do, observers say. They might [...]
For years I’ve been promoting the important role of that short sales play for the betterment of the economy. Reports over the past few weeks suggest that the rest of the country is starting to realize this important role of short sales.
According to the National Association of Realtors, ten percent of all sales last year [...]
With nearly half-a-million foreclosure proceedings underway in the Florida courts in the beginning of 2010, the Florida Supreme Court issued an administrative order instituting a statewide “managed mediation” program to facilitate communication between lenders and distressed borrowers and encourage foreclosure alternatives including Short Sales.
Florida is a Judicial Foreclosure state which means foreclosures actually go through [...]
