To the Students from the June 17, 2010 Foreclosure Class at PNW Realty Federal Way

Here’s a link to the mortgage delinquency stats charts we looked at during the first hour of class.

There was a request to see graphs comparing the 1990s recession with our “Great Recession.”

Here’s the most recent “unofficial problem bank list” from CR.  This list is updated every Friday evening on calculatedriskblog.com

Here’s a link to HAFA: The Making Home Affordable Foreclosure Alternative program for loans serviced by Fannie and Freddie.

Here’s a good blog article on HAFA, which will help us understand why many homeowners won’t be helped under this program.

Here’s a link to the WA State Bar Assoc website with info on their free legal aid program for WA State homeowners facing foreclosure.

Here’s a link to my attorney referral page.

I mentioned a website for WA State homeowners who need access to the free, HUD-approved housing counseling agencies.

Here’s more info about the changes to the WA State Deed of Trust Act. Scroll down to read “bill as passed by legislature.”

Here’s an article from the Legal Hotline Attorney Annie Fitzsimmons regarding deficiency judgements and second mortgages.  There’s a searchable database of Annie’s articles inside the WA Realtor’s website. Look for her article dated May 15, 2009 on short sales and second mortgage deficiencies.

Here’s a link to the IRS publication, “Mortgage Forgiveness and Debt Relief Act.”

Speaking of the IRS, somebody asked if the IRS has a website to show homes/property for sale seized by the IRS. They do.

I mentioned a hot story about a guy who was caught faking lost mortgage notes! Yikes! Taylor Bean was a HUGE wholesale lender.  This is definitely not the end of the story.

Ken Harney has a nice article on how a person’s credit score is affected by short sale v. foreclosure.

Some folks were curious about the 3 investor groups that represent buyers who want to buy homes at the foreclosure auction like the one we watched in class, and the one I filmed in May here.

Those companies are: Vestus, Foreclosure Resolutions NW, and RE Investment Firm.

And here’s my youtube channel in case you can watch the more recent foreclosure auction where I interview three investor groups about rumors I had heard that some lenders were cutting the opening bids a few days before the auction.  All three confired what I had been hearing. 

I’m not finding anything on the auction company called Redic. If anyone has the link, please post it in the comment box.

Thanks for an awesome class and we’ll see you in July!