Featured, Foreclosures
Strategically Thinking … Strategic Defaults Makes Sense
The duty of all Americans to repay their mortgage debt as a moral imperative is an illusion created by lenders (and the collusive federal government) [...]
RECENT VIDEOS
Click below to view videos...
Best Practices, Featured, Foreclosures
Walk Away from an Underwater Mortgage. Just Do It. It Makes Sense.
Posted on 02 September 2011
Once again, I can say the Banks continue to rob homeowners blind with all the blather about “negative impact” of walking away. Here is yet another article from first tuesday… “Fair Issac Company (FICO) researchers have developed new analytics to predict a borrower’s likelihood of walking away from a mortgage – a strategic default – [...] Continue Reading
Featured, Uncategorized
Is anyone paying attention out there?
Posted on 24 August 2011
“Stewardesses” is the longest word typed with only the left hand .. And “lollipop” is the longest word typed with your right hand. TYPEWRITER is the longest word that can be made using the letters only on one row of the keyboard. The sentence: “The quick brown fox jumps over the lazy dog” uses every [...] Continue Reading
Featured, Foreclosures, Laws/Rules
Lenders Win Another Round on Condo Foreclosure – ALMOST
Posted on 19 January 2012
Just last week, in Harbour Vista, LLC v. HSBC Mortgage Services Inc., 2011 WL 6318525 (Cal.App. 4 Dist. 2011), the California Court of Appeal held that plaintiffs may not obtain default judgments in quiet title actions. But … (And the “But” is fascinating.) Harbour owned a ground lease under a condo complex. Julie Nugent purchased [...] Continue Reading
Making Money
OOPS… National Associattion of Realtors overstates sales numbers
Posted on 20 January 2012
The National Association of Realtors (NAR) has admitted to grossly overstating its numbers of reported home sales over the first years of this Lesser Depression. After the trusted real estate data firm CoreLogic questioned the accuracy of NAR’s numbers, the real estate trade union took a second look and revised its reported home sales data [...] Continue Reading
Featured, REO
REOs Sales to Dominate Market till 2017?
Posted on 24 May 2011
A recent article (( http://firsttuesdayjournal.com/reo-resales-in-ca/ )) in first tuesday, a California real estate centric on-line magazine (with views that match mine – most of the time) predidcts REO sales to remain above thier historical 9% until 2017. I bet they are right. Prices continued to drop in CA this year – with about an average [...] Continue Reading
Featured, Short Sales
Who’s on First, What About Second(s)?
Posted on 23 August 2011
Last year the Legislature passed Senate Bill 931 adding Section 580e to the California Code of Civil Procedure. This new Section established that the beneficiary on a loan secured by a first deed of trust on 1 to 4 unit residential property could not pursue a deficiency judgment after a short sale which they had [...] Continue Reading
Featured, Foreclosures
Strategically Thinking … Strategic Defaults Makes Sense
Posted on 24 January 2012
The duty of all Americans to repay their mortgage debt as a moral imperative is an illusion created by lenders (and the collusive federal government) to shame homeowners into repayment. Notwithstanding this so-called moral duty, homeowners enjoy the same rights as governments and corporations to default on their debts when fundamentals tell them it is [...] Continue Reading
Twitter
LinkedIn
Facebook