Archive for the ‘Everyone’ Category

Tuesday, January 31st, 2012 at 9:56am

Freddie Mac Makes Sound Investment…Against Itself

[The following is an article from John Grant. I don’t usually post articles or editorials by others, but this one, released today, is worth posting. The author, John Grant, represents residential real estate investors in Washington, D.C. Mr. Grant also works with hedge funds, investment banks and insurers. Mr. Grant is a graduate of The […]

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 […]

Wednesday, December 22nd, 2010 at 6:00am

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 […]

Wednesday, December 22nd, 2010 at 5:25am

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 […]

Monday, December 20th, 2010 at 8:28am

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 […]

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