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Foreclosed And Getting Scammed? Don't Do What This Couple Did
dailybail.com - 11 days ago
Foreclosed And Getting Scammed? Don't Do What This Couple Did
— dailybail.com — Video: Foreclosed Couple & Friends Charged With Beating & Torture Of Loan Modification Agents Facing foreclosure and getting scammed by loan mods?  Grab some friends and committ torture. From Reuters As Los Angeles housing advocates launched a campaign warning of ... (more) Foreclosed And Getting Scammed? Don't Do What This ...

Comments vote down The Daily Bail The Daily Bail posted 11 days agoposted this
hf-implode.com - 12 days ago
Wow, judges now nixing lenders’ foreclosure claims entirely in court
— hf-implode.com — " One surprising smackdown occurred on Oct. 9 in federal bankruptcy court in the Southern District of New York. Ruling that a lender, PHH Mortgage, hadn’t proved its claim to a delinquent borrower’s home in White Plains, Judge Robert D. Drain wiped out a $461,263 mortgage debt on the property. ... (more) Wow, judges now nixing lenders’ foreclosure claims ...

Comments vote down iehi iehi posted 12 days agoposted this
dtod.wordpress.com - 10 days ago
Do not hide out. The importance of effective communication and follow through.
— dtod.wordpress.com — I was talking to a banker yesterday representing a sizable bank with a dedicated workout department, Special Assets they call it, and she commented about a particular borrower whom they were reluctant to give us a workout opportunity, let alone a resolution. I went to speak with her personally ... (more) Do not hide out. The importance of effective ...

Comments vote down dtod@comcast.net dtod@comcast.net posted 10 days agoposted this
creditwritedowns.com - 12 days ago
Anecdotes on reckless lending at WaMu from the Seattle Times
— creditwritedowns.com — In its headlong pursuit of growth, WaMu systematically dismantled or weakened the internal controls meant to prevent the bank from taking on too much risk WaMu’s riskiest loans raked in money from high fees, but because the bank skimped on making sure ... (more) Anecdotes on reckless lending at WaMu from the Seattle Times

Comments vote down FT Alphaville found this 12 days agofound this
dtod.wordpress.com - 28 days ago
What and why do Banks bid at auctions for your assets and the effect on the borrower and guarantors.
— dtod.wordpress.com — Always an question, what will the bank bid at the foreclosure auction? Sometimes it’s the full amount of the debt other times it’s nothing and other times it is a small amount above the highest bid. It is an important question as it affects the residual debt of the borrower and ... (more) What and why do Banks bid at auctions for your assets ...

Comments vote down dtod@comcast.net dtod@comcast.net posted 28 days agoposted this
dtod.wordpress.com - 26 days ago
Yes you can do a short sale even with SBA or IRS liens on our home
— dtod.wordpress.com — I hear it from small business owners all the time, a belief that they cannot implement a short sale on any of their assets including their home, if appropriate, because they understand the IRS or the SBA has a subordinate lien on their home, or in the case of the SBA even a subordinate ... (more) Yes you can do a short sale even with SBA or IRS liens ...

Comments vote down dtod@comcast.net dtod@comcast.net posted 26 days agoposted this
Treasury to Announce New Program to Avoid Foreclosure
housingwire.com - 24 days ago
Treasury to Announce New Program to Avoid Foreclosure
— housingwire.com — The United States Department of the Treasury is launching, with an official announcement expected next week, a new program to help ailing borrowers escape foreclosure. The Chief of the Homeowner Preservation Office at the Treasury, Laurie Maggiano, ... (more) Treasury to Announce New Program to Avoid Foreclosure

Comments vote down Calculated Risk found this 24 days agofound this
realtytrac.com - 23 days ago
U.S. FORECLOSURE ACTIVITY INCREASES 5 PERCENT IN Q3
— realtytrac.com — By RealtyTrac Staff U.S. Foreclosure Activity Sets New Quarterly Record, Up 23 Percent From Q3 2008 IRVINE , Calif. – Oct. 15, 2009 — RealtyTrac® ( realtytrac.com ), the leading online marketplace for foreclosure properties, today released its U.S. ... (more) U.S. FORECLOSURE ACTIVITY INCREASES 5 PERCENT IN Q3

Comments vote down 24/7 Wall St. found this 23 days agofound this
dtod.wordpress.com - 21 days ago
Beware of Asset protection strategies, if you are in default of a loan,there are better ways of ...
— dtod.wordpress.com — Some small business owners, understanding their vulnerability to personal loss from the normal risks of business, or more recently from potentially destructive forces of our down turned economy, turn to their lawyers for ‘iron clad’ asset protection, protecting cash, property, ... (more) Beware of Asset protection strategies, if you are in ...

Comments vote down dtod@comcast.net dtod@comcast.net posted 21 days agoposted this
dtod.wordpress.com - 20 days ago
Why do banks cancel foreclosure liquidation auctions?
— dtod.wordpress.com — It is happening more and more every day. In some areas of the country it is the rule not the exception. This trend will get larger and larger, creating a real dilemma for everyone involved, as it is unclear what happens next and what to do about this situation. It is like the groom not ... (more) Why do banks cancel foreclosure liquidation auctions?

Comments vote down dtod@comcast.net dtod@comcast.net posted 20 days agoposted this
calculatedriskblog.com - 19 days ago
U.S. Bank v. Ibanez: More fun with foreclosures
— calculatedriskblog.com — CR Note: This is a guest post from albrt. Another interesting foreclosure decision came down this week – U.S. Bank v. Ibanez by Massachusetts Land Court Judge Keith Long. The case is about securitized subprime mortgages that were foreclosed in mid ... (more) U.S. Bank v. Ibanez: More fun with foreclosures

Comments vote down Bubble Meter found this 19 days agofound this
hf-implode.com - 17 days ago
Hotel Foreclosure Watch: Miami’s Swank Shore Club Goes Delinquent
— hf-implode.com — " That special servicer, Cerberus Capital Management LP’s LNR Partners Inc., declined to comment for this story. But, according to Trepp, LNR reported the Shore Club’s mortgage as 30 days delinquent this month. The hotel has another $11.5 million of debt on it in addition to the mortgage." (more) Hotel Foreclosure Watch: Miami’s Swank Shore Club Goes ...

Comments vote down iehi iehi posted 17 days agoposted this