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To the Students from the August 18, 2011 Class at Sterling Savings Bank on Buying REOs

Here are some links from our discussions in class today:

Here’s a great resource guide that was just published: It’s 61 pages and full of good stuff. Be sure to email this to your sphere.  Even if they’re not facing foreclosure they might know someone who may need this info: WA StateForeclosure Resource and Prevention Guide.

Here’s a blog post I wrote providing a link to many bank-owned REO lists.

We talked about the brand new WA State Foreclosure Fairness Act….and here’s a great blog post from Jess and Julie Lyda on this topic.

There was a question about the Foreclosure Fairness Act regarding how long a bank has to respond to a request for modification or short sale during mediation. The answer is 90 days and can be found on page 10.

There was a request for more reading material on foreign investment in U.S. real estate.

MERS recently lost a case in Oregon. One of my favorite twitter friends @socialapocolyps found the case for us…the story is here

 

Here’s the Rob McKenna suit against BOA and their trustee subsidiary.

and here’s that 60 Minutes episode on LPS (Lender Processing Services.)

Here’s info on the Fannie Mae Homepath Renovation loan program and the special offer from fannie…..and theHUD Homestore.

Here’s the Fannie Mae Seller Servicer Announcement 2011-05 with info about what type of transactions will qualify for the 6 month seasoning requirement waiver.

…and thanks so much to our host Susan Romei from Sterling Savings Bank

206-931-2241 or jillayne@ceforward.com