The Mortgage Professor has a great resource page on his website with all the contact information for the major lender services and banks, along with a list of what each bank/lender requires, AND a link to their website with more info. Scroll to the bottom of his page because there’s an additional link for where […]
Banks are setting bid prices below the principal balance at auction
I visited a foreclosure auction on April 24, 2009 in Bellevue and was able to interview three investors regarding the rumors I was hearing about banks setting a below payoff price as their opening bid. Turns out the rumors are true. Follow the full stories here: Why are Banks Setting the Opening Auction Bid Below the […]
Thanks for learning along with us, Aubrey Cohen!
I always take the time to talk with the mainstream media when they call. Why? Well I get so much of my news from mainstream media, which to me means radio and online newspapers that I feel obligated to help journalists when they’re researching a story. These folks don’t do what we do all day […]
To the Students from the April 29, 2009 Short Sale Class at Keller Williams Bothell
Hi Everyone, There were a couple of follow up questions from class: There was a question about new information on second mortgage write-downs coming out of the President Obama administration as part of the Making Home Affordable program. Here is an article that covers this issue. I promised to send a link to the FICO website that […]
To the Students from the April 27 Short Sale Class in Kent
By Jillayne on April 28, 2009 in Real Estate Continuing Education Classes, Short Sales, Uncategorized
Hi Everyone, Here’s the follow up from our short sale class: There was a question about the new NWMLS rule regarding identifying listings as “short sale” or “bank owned” and whether or not existing listings must be identified in this manner or if it would only effect new listings going forward. I did hear back […]
Nine Referrals to CFS Graduates!
As of today, I have given out nine consumer referrals to the agents who have earned the Certified Foreclosure Specialist Designation!
Radio Interview Friday, April 24, 2009 on 1300 AM with Mike Seigel
On Friday, April 24th at 7:20 AM, I’ll be on KKOL 1300AM Business Talk Radio with Mike Seigel talking about helping homeowners avoid predatory loan modification companies and going over the new WA State requirements for loan originators who choose to collect a fee for performing loan modificaiton services. You can read the DFI Interpretive […]
To the Students from the April 21, 2009 Advanced Short Sales Class
Hi Everyone, Here’s the follow up from class: I mentioned a story out of California about an uptick in the number of lawsuits against real estate agents in short sale and foreclosure transactions. The main story is hidden behind the members only site at Inman, but I did find a blogger who did a copy/paste […]
To the Students from the April 20, 2009 Foreclosure Class
Hi Everyone, Here’s the follow up blog post from class today: Here is a link to Julie Lyda’s blog with her fabulous graph showing the relationship between Notice of Trustee Sales and actual Trustee Deeds. Definitions from the beginning of class: Forbearance: Borrower is behind on one or two payments and works with the lender to […]
Thanks to KIRO and Bonneville for LISTENING to a listener
By Jillayne on April 17, 2009 in Ethics in Mortgage Lending, Loan Modifications, Real Estate Licensing Laws
This week, I’ve been working on getting an unlicensed predatory loan modification company’s radio ads off of KIRO 97.3FM in Seattle. I’ve been listening to Dave Ross since he took over for Jim French. Dori since he first went on the air, I’m one of the TBTL tens, and I like to hear Don yell […]