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Zombie infection in America In recent years, the term “zombie homes” has slowly grown in popularity as a term to describe the sitting foreclosures...
Hot water for Bank of America In 2007, prior to failing and being bought by Bank of America, Eileen Foster was promoted to the...
A successful short sale closing is like a recipe for mole poblano. Are you familiar with mole poblano? It’s a chocolate-tinged sauce made famous in the colonial days...
Foreclosures frustrating neighbors “House full of rats” is the sign homeowner Lynn McGee hung on her neighbor’s door after desperately trying to get someone,...
How much did “too big to fail” cost behind closed doors? The Federal Reserve bailed out dozens of banks and brokerage firms starting in...
Wells Fargo now uses Equator A little over a month ago, Wells Fargo officially announced that it was joining the list of servicers that...
Short Sale Package Preparation Short Sale Package preparation is very time consuming and very frustrating as well. And, it is extemely common for a real...
Former Countrywide borrowers finally getting paid Over three years ago, it was found that Countrywide Financial overcharged more than 450,000 borrowers, all of whom...
Unhappy campers working short sales Agents, home sellers, and homebuyers continually complain about their short sale transactions. It’s no surprise to me when I...
Current state of foreclosures In the last year, foreclosures have dropped nearly 30% with pundits singing the industry’s praises and news anchors claiming real...
In a contentious era, the Obama administration has taken a stand against big banks, but will it make a difference, or will it fall...
Short Sale Incentive Programs Okay, for those of you naysayers who avoid short sales like the Plague, I think it is possible that now...
I heard on some radio advertisement that a camel can spit with extreme accuracy to a distance of 35 meters. 35 meters! That’s really...
Banks and lenders with new requirements It has been a dramatic year in the lending industry with changing requirements[1], news that half of the...
Dealing with the Second Lien Holder At my speaking engagement last week in San Marcos, California, one of the Realtors® asked me to share...
Mortgage layoffs in America Last week, Wells Fargo laid off, which Wells Fargo claims is less than one percent of their workforce and was...
A long, hard battle Homeowners have been wronged. Banks have foreclosed on the wrong homes, accelerated foreclosures, and left people homeless without so much...
Home Affordable Foreclosure Alternatives I wrote a post a few weeks back that touched on pre-approved short sales. In it, I discussed the HAFA...
Bad news for real estate? Forbes asked nearly 33,000 consumers to rate their perceptions of America’s largest 150 companies to determine which companies ranked...