Ron Ballard
Exposing Fallacies in the CoreLogic Suspicious Short Sale Report
Could a highly publicized “study” warning of $375 million of “unnecessary” loan losses in “suspicious short sales” be manipulating figures just to sell more of its author’s services? Prepare to read the following in depth analysis and I’m confident you’ll find that the answer is obvious. Last week, articles began appearing in real estate oriented [...]
The Ill-Logic of CoreLogic: Suspicious Transactions
It’s easy to make headlines when you control the data, the definitions and the conclusions. That’s what CoreLogic did last week – as an unwitting disservice to the double dipping real estate market, ethical real estate professionals and the legitimate private investors who are providing necessary liquidity into distressed markets that banks refuse to touch. [...]
Extension of FHA 90 day Flip Waiver Likely
Several real estate blogs and news sites have been buzzing about the extension of the waiver of the 90 day flipping restriction for FHA insured loans. It’s important to keep the news in perspective. I have searched the HUD and FHA web sites high and low for an official announcement and have not yet found [...]
Deadline & Add-Ons For January Seminar
Noon Today (Friday, January 7) is the deadline for the “early bird” discounted registration rates for the three days of intensive short sale legal compliance & business methods education and business development events. I don’t typically promote from this blog, but it’s about education and these three days will be more intensive than anything I [...]
Register Quickly for January Live Training Event
Readers have asked for more in-depth information on short sale compliance for both investors and the real estate agents and brokers working with them, as well as third party negotiators. On January 13-15, 2011 (just ten days away), I am conducting the most intensive, California-specific short sale education and training that likely will be held [...]
Wells Fargo CA Settlement Is Politics As Usual
It’s “politics as usual” in California – more publicity than substance. On December 20, 2011 the California Attorney General’s office announced a settlement with Wells Fargo Bank (WFB) “worth more than $2 billion to Californians with risky adjustable-rate mortgages.” It didn’t say that this value is possibly attained only IF all eligible borrowers complete the [...]
Get The Wells Fargo Bank – California Settlement
Yesterday’s “big news” in California, and even national, real estate news was about the “$2 billion” settlement reached between the California Attorney General and Wells Fargo Bank regarding “pick-a-pay” loans. It made for good publicity but does it make for any benefit to borrowers? Registered readers can get your own copy of the “settlement” (actually titled [...]
It’s OK To Be Unfair When You’re The Bank
A Federal District Court once again affirms what those of us involved with short sales and loan modifications have been experiencing all along: It’s Okay To Be Unfair With Borrowers When You’re The Bank. On December 13, 2010, a federal district court in Oregon found in Vida vs. OneWest Bank FSB that the borrower does not have [...]
REO Shadow Inventory Increases – Get the Details
A major real estate research company released a four page report yesterday (November 22, 2010) providing a significant look into the size of both listed REO (“real estate owned” by banks after foreclosure) and the increasing size of the “shadow inventory.” Shadow inventory consists of properties taken back by lenders through foreclosure but which are not [...]
California Short Sale Anti-deficiency Law – Will Other States Follow?
What starts in California often spreads east across the country. Will that be the case for California’s new short sale anti-deficiency law? On August 19, 2010, the California Legislature approved Senate Bill 931 (SB 931) which added Section 580e to the Code of Civil Procedure (CCP §580e). It expands existing anti-deficiency laws regarding loans secured [...]
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