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dtod.wordpress.com - 9 days ago
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dtod.wordpress.com —
I review many self implemented Offers in Compromise
to the SBA, Banks and other creditors, and I
am frequently amazed at what I see. Friends, are you not paying attention? You are in default. You are being foreclosed on or collected against, at the very least. You are facing liquidation and ...
(more)
Yes, you have a responsibility to present yourself in a ...
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dtod@comcast.net
posted 9 days agoposted this
dtod@comcast.net
posted 9 days agoposted this
onthehillblog.blogspot.com - 12 days ago
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onthehillblog.blogspot.com —
The administration’s $75 billion mortgage modification program is
meant to help 3 million to 4 million homeowners
avoid foreclosures. The latest data, out Tuesday, shows mortgage servicers are making some progress toward this goal, but big questions remain about how effective the program will be.
(more)
The Big Gov’t Mortgage Mod Program: The Latest Numbers
realtytrac.com - 12 days ago
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realtytrac.com —
By RealtyTrac Staff October Foreclosure Activity Down 3
Percent From Previous Month, Up 19 Percent From October
2008 IRVINE , Calif. – November 12, 2009 – RealtyTrac® ( realtytrac.com ), the leading online marketplace for foreclosure properties, ...
(more)
FORECLOSURE ACTIVITY SLOWS FOR THIRD STRAIGHT MONTH
mortgage.freedomblogging.com - 13 days ago
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mortgage.freedomblogging.com —
ForeclosureRadar.com reports that outstanding foreclosure auction notices in
Orange County rose to 8,895 at the end of
September, the highest in this housing downturn and probably the highest ever. September’s total was up 5% from August and 90% from ...
(more)
Foreclosure notices hit record 8,800
foreclosuretruth.com - 12 days ago
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foreclosuretruth.com —
I’ve talked in the past about some of
the approaches to rescuing the housing market and providing
economic stimulus, such as the Treasury Department lowering mortgage interest rates , the California Foreclosure Prevention Act , the Countrywide ...
(more)
Foreclosure Truth
marketnewslive.blogspot.com - 11 days ago
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marketnewslive.blogspot.com —
Fewer people are losing their homes according to
the results of a new survey released by RealtyTrak.
Over 332,000 households, or roughly one in 385, received a foreclosure notice in October, down 3 percent from September.
(more)
Video: Fewer Americans Losing Their Homes
onthehillblog.blogspot.com - 11 days ago
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onthehillblog.blogspot.com —
Last week, the Treasury Department took a step
to address those concerns: For the first time, it
issued guidelines requiring mortgage servicers to give homeowners details about why they’ve been denied. But the required disclosure will only be partial, and housing advocates say that means servicers’
(more)
Govt’s Attempt to Push Transparency for Mortgage Mods ...
hf-implode.com - 29 days ago
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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 ...
creditwritedowns.com - 29 days ago
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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
dailybail.com - 28 days ago
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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 ...
dtod.wordpress.com - 27 days ago
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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 ...
dtod.wordpress.com - 15 days ago
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dtod.wordpress.com —
In negotiating a workout, in many situations, the
conclusion is an amount based primarily on your ‘liquidated
net worth’. What else could it be? It is the only reasonable measure of what the result would be in a real defaulted bank loan, foreclosure and liquidation by auction, the ...
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I object to the use of a BPO (Brokers Price Opinion). Do ...
dtod.wordpress.com - 15 days ago
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dtod.wordpress.com —
There is one obvious answer, after foreclosure. Until
that moment the borrower has title and the bank
cannot sell or liquidate anything, the borrower is in total control. Almost true, but not quite. The moment in time that the owner gives up, decides to shut is doors, close down, the ...
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When does the collateral become the propery of the bank?
calculatedriskblog.com - 15 days ago
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calculatedriskblog.com —
Here is some more on a theme we've
been discussing ... From Carolyn Said at the San
Francisco Chronicle: Default notices rising in upper echelon ZIPs (ht Hymn) In upscale communities such as Los Altos, Greenbrae and Alamo, where median prices top $1 ...
(more)
Default Notices: Movin' on Up!
