Archive for 2011

Thursday, October 6th, 2011 at 9:30am

Upcoming Event Explores Multiple Exit Strategies

The Real Estate Strategies Institute (my education and publishing company) is presenting a premier, two day event exploring “Multiple Exit Strategies for Distressed Property Profits” on October 14-15 in Newport Beach. This event is geared toward real estate investors, agents and brokers who are approaching short sales, bank-owned properties and foreclosure auctions as an entrepreneurial […]

Tuesday, July 19th, 2011 at 7:03am

Will SB458 Expanded Anti-Deficiency Have Unintended Consequences?

The California residential real estate blogs and media have been enjoying an anti-deficiency “happy dance” the last several days. Is this warranted or will some homeowners suffer unintended consequences by the expansion of the anti-deficiency provisions of CCP 580e to junior liens? In the short term, certainly many lenders will. Existing Law In late 2010 […]

Tuesday, July 19th, 2011 at 6:47am

How To Get a Copy of SB 458 New Anti-Deficiency Law

California Senate Bill 458 (SB 458) was signed by the Governor on July 11, 2011 and immediately became law as an urgency measure. It was enrolled by the California Secretary of State on July 15, 2011. Accordingly, it immediately applies to all new and PENDING short sale approvals. There’s a lot of articles discussing the […]

Wednesday, June 29th, 2011 at 9:46am

Limited Replay of Fraud Webinar

On June 28, 2011, I gave a more than 90 minute webinar on fraud issues in short sales. This was hosted by Nathan Jurewicz, who was kind enough to record it and post it for replay for a LIMITED time. It’s on his server, not mine, and I don’t know how long he’ll have it […]

Wednesday, June 8th, 2011 at 9:07pm

FDIC Sues CoreLogic for Appraisal Fraud

I hate to give you too much too fast, but I just came across a lawsuit filed a couple weeks ago in Santa Ana, California in which the FDIC is suing CoreLogic for $129 million in connection with alleged appraisal fraud relating to the failure of Washington Mutual alone. Could there be more losses at […]

Wednesday, June 8th, 2011 at 2:20pm

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 […]

Monday, June 6th, 2011 at 10:19am

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. […]

Wednesday, January 19th, 2011 at 12:29pm

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 […]

Friday, January 7th, 2011 at 9:52am

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 […]

Monday, January 3rd, 2011 at 10:55am

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 […]

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