RECENT BLOG POSTS
My client is tired of running this property.  It is fully rented to good on time paying tenants that are as neat as a pin.  2 beds 1 bath per unit walking distance to a major hospital and on a bus route.  New windows, doors, kitchens, 1 bath is new, and 2 new high eff. gas furnaces.  All seperate...
12/07/2007
Small but quaint 2 beds 1 bath some updates close to local community college and priced right.  Call me for details.  $127900.00  Perfect for the first time homebuyer!!! Owner occupants should be able to buy this house with little to no money down.  Perfect property for not for profit assistance ...
12/07/2007
10 Comments
I took over a listing  from another brokerage.  Boy did they get mad.  I just agreed to take the listing.  I not solicit the listing the client just called me up the day the lsiting had expired.  They refused to remove the listing from the service for almost 2 days.  What gives?  I actually had t...
12/07/2007
I got someone nailed dead to rights posting properties on Reotrans that are not foreclosures just to build their image to the lenders I guess.  Should I be the rat? this person applied to join my firm and brought this property to me, it is a short sale but not lender reo.  Some people.  I guess i...
12/06/2007
Okay my secret just hit the newswire.  There is a product that I have told a few of you about that is EPA certified and kills mold dead.  One large lender has been using it to clean up commercial and multifamiles for the past few months.  I didn't say anything because those who were in the know h...
12/05/2007
After 10 years in default servicing anyone telling you that you can do loss mitigation by taking a web based courses if full of crap!  Unless you are 1 of of 100 you will simply not posses the skills needed to convince an institutional loss mitigator or loan workout officer that your client deser...
12/05/2007
I am doing short after short now and every time i go to the clients home and review the paperwork, if there is already the service of the summons and complaint.  there is the same technical defect.  5 in a row now and I'm no lawyer but I have called my high priced suit friends who assure me I'm c...
12/05/2007
Andy Cuomo our AG has sent subpoenas to the major Wall Street firms for information regarding the packaging and bulk sale of all of the ABS (Asset Backed Securities) for those who don't do the street lingo.  Subpoenas were also sent to a few of the big due diligence firms.  Ouch, 2 months ago the...
12/05/2007
Well it looks like its going to happen many lenders have joined together in an agreement to freeze suprime arms made between Jan 1 2005 and July 30 2007 for borrowers facing resets thru July 2010, the full details will come out tommorrow.This is awesome news as the bloodbath has to stop.  Hopeful...
12/05/2007
19 Comments
H&R Block did it today another subprime down the tubes, another 650 people out of work, does anyone see a depression, not a recession, coming.  Values are down and falling and theirs no stopping them.  Even those who pay on time are losing money daily.The dollar is down and all of our expenses ar...
12/04/2007
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Jeffrey Dolfinger

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