RECENT BLOG POSTS
An interesting article I found at www.slate.com .  I'm dealing with tons of Countrywide short sales.  They are receiving around 300 short sale packets PER DAY.   80% of my files are short sales with Countrywide.   Crazy stuff.    The foreclosure boom means they're the seller, the lender, and mayb...
04/06/2008
 Here is their notice.  http://www.mmcb2b.net/Home/tabid/36/Default.aspx   
03/26/2008
The Mortgage Forgiveness Debt Relief Act of 2007 allowsindividuals to exclude from gross income any discharges ofqualified principal residence indebtedness. This exclusionapplies to discharges made after 2006 and before 2010 and isentered on line 1e. Additionally, the basis of the principalreside...
03/26/2008
This is serious and crazy statistics.  Since December 2006 there have been 241 Lenders that have "Imploded"  All I can say is WOWHere's the lender list in it's exact order from the last to the first.  Enjoy 241. Origen Financial, Inc. (Correspondent) 240. CitiMortgage - Home Equity Wholesale239. ...
03/24/2008
March 17th 2008WHO's NEXT to implode?  In an announcement sent out to approved brokers, CitiMortgage shut the doors on Wholesale HELOC's. "Earlier this month, CitiMortgage shared publicly a new business strategy that included originating greater percentage of saleable products. As a result of thi...
03/24/2008
If anyone has short sale properties, we're looking to buy. We consider properties throughout Maricopa, Pinal and Pima County from 65k to 225k in any condition. We are anxious buyers ready to go. We're buying several properties a week and looking to increase. Please fill out the form located at ht...
03/18/2008
I don't recommend Realtors take on Short Sales on their own.  Their tedious, time consuming and a buden to ones real estate production.  Short Sale  Education alone won't do.  Get a good team together and your success in short sales will be acheived.  This is how we do it.   We have an Acquisitio...
03/16/2008
Many times I get asked "what are the contents of a short sale package"  The following is a basic outline and preferred stacking order and content of what you need to include in a complete and successful short sale package. 1.   Cover Letter The cover letter should be clear and concise giving the ...
03/16/2008
Interesting article.  I'm sure the real estate professional market feels this one as well as the homeowners.   Over 900,000 households are in the foreclosure process, up 71% from a year ago, according to a survey by the Mortgage Bankers Association. That figure represents 2.04% of all mortgages, ...
03/06/2008
YOUR INITIAL PHONE CALL TO THE LENDERTHE LOSS MITIGATION PROCESSFAX THE AUTHORIZATIONFirst contact the lenders direct number and get a fax number to send in the Authorization to Release information form.  Give the lender a day or two to post this information before moving on to Step 2.FIND THE LO...
02/10/2008
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BarbaraRissmiller

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