Can You Say… Oh $#!^ For REO and Foreclosures?

A couple of weeks ago, I wrote that if you have a REO or short sale practice, you want to pay attention to some legal cases going on around the country: Trouble is, MERS might lack legal standing to bring a foreclosure action. At least, that’s what the attorneys for the homeowners who are getting […]

Have a REO & Short Sale Business? Might Want to Track This…

From the dusty files of the excruciating minutiae of bankruptcy court proceedings (courtesy of the NY Times) comes this story: But while banks may have booted a few robo-signers and tightened up some lax procedures, one question at the heart of the foreclosure mess refuses to go away: whether institutions trying to take back a […]

Have a REO & Short Sale Business? Might Want to Track This…

From the dusty files of the excruciating minutiae of bankruptcy court proceedings (courtesy of the NY Times) comes this story: But while banks may have booted a few robo-signers and tightened up some lax procedures, one question at the heart of the foreclosure mess refuses to go away: whether institutions trying to take back a […]

More Numbers That Make Me Go Hmmm…

I need help. Someone explain these numbers (PDF) to me, like I’m six years old. I mean, I think I have a pretty good education. I think I have a pretty solid record in business operations, marketing, and overall management. I think I know how to read 10-K’s and spreadsheets and so on. But these […]

In Which I Support Government Bailout of Foreclosed Homeowners

According to the Zillow Blog, 1 in 7 American homeowners are now “underwater” on their mortgage. So the Zillowites ran a survey of 1300 homeowners. And found interesting answers: One question we asked was: Do you think homeowners who are currently facing foreclosure because they took out an adjustable rate mortgage or other loan that […]

So… How About that Homestead Act, Congresscritters?

In light of this atrocious story, it might be time to think about some new initiatives. (H/T: Zillow Blog) Not only is the bank owner losing any potential value in this property, but it will cost the bank an additional $10,000, “to pay $2,500 in sales commission and another $1,000 bonus for closing the $1 […]

Washington Post and Assumptions

Inman News has a very interesting… I guess one would have to call it an Op/Ed or News Analysis on the Washington Post’s story on HUD Secretary Jackson’s last day: An article in last Sunday’s Post deserves credit for attempting to go beyond the allegations of cronyism that forced Jackson to resign, and taking a […]