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 [...]
We spent the weekend with friends at their lake house pulling the kids on the tube and tearing it up on the jet ski’s.
What fun! It is pure exhilaration flying over the water at 50 miles per hour! (and a great relief when you slow down and your 5 year old is still there!)
My friends [...]
The kids have Spring Break this week and it’s. . . snowing. Huh?! Just when you thought things were getting a little weird – it gets weirder: snow in April . . . in Atlanta?
Well, it didn’t stick and it didn’t last long, but the kids looked up from the Wii just long enough to [...]
Like many Americans, today I watched as President Obama took the oath of office and I listened carefully to the words he chose to mark the occasion. I spent the inauguration hour at my kid’s school and watched the ceremonies with my wife in our eldest’s second grade classroom. It just seemed the right setting to witness this bit of history.
Yesterday, Citigroup came forward in a deal with Senate leaders to support legislation that would allow bankruptcy judges to alter home loans in an effort to prevent foreclosures. Other lenders are expected to follow. The so-called “cramdown” proposal has been kicked around for a while now but has not yet made its way into law. It appears as if the legislation to make this change will find its way into President Elect Obama’s stimulus package and may become law soon.
Posted in Barack Obama | Also tagged Add new tag, Barack Obama, Ben Pargman, Citi Group, Real Estate, Short Sale Breakthrough, Short Sale Laws, Short Sale Regulation, Short Sales, Short Sales California, Short Sales Training |
Yesterday, Citigroup came forward in a deal with Senate leaders to support legislation that would allow bankruptcy judges to alter home loans in an effort to prevent foreclosures. Other lenders are expected to follow. The so-called “cramdown” proposal has been kicked around for a while now but has not yet made its way into law. It appears as if the legislation to make this change will find its way into President Elect Obama’s stimulus package and may become law soon.
Regardless of whether you voted Red or Blue yesterday, there is no doubt that today is a moment of great Change for our country. The American people spoke loudly and clearly that a new direction is needed in Washington and throughout this great nation.
WOW!!! Lot’s of exciting things to write about this week. Many of you have written wondering where I was last week. I was not writing here, but we were going non-stop from early morning to late at night at The Live Short Sale Breakthrough Event. There is a lot I want to tell you about – it was an amazing experience . . . great deals . . . great ideas . . . great people . . . and, yes – great Breakthroughs. I’ll tell you more about Breakthrough later, but first, there has been a lot of action in Congress today that you should know about.
