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Services for Real Estate Pros - Brady & Kosofsky, PA

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2008 

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 THE TABBY AND TIGERTHE REO INDUSTRY-- HOW AND WHYAs the foreclosure crisis continues to deepen, our volume of REO business continues to increase. Another side effect of the housing crunch is that all closings are becoming more and more difficult. Many of the general brokerage brokers and agents,...
03/27/2008
****** UPDATE******* I googled the suspected fraudster... he has done time in Prison for Mortgage Fraud, Money Laundering and other fun things....  SO I KICKED HIS *** Out of my office and made it clear he is not welcome to do business in my office....  I AM NOT AGAINST INVESTORS NOR AM I AGAINST...
03/25/2008
FACTS:SELLER agreed to sell house to BUYER1 SELLER1 agreed to buy house from SELLER224 Hours before closing, the documents come over, lo and behold,  BUYER1 assigns the contract to SELLER 2 . . . OKAY- you get the drift! This thing was a mess.So there I am 24 hours before close, three confused pa...
03/20/2008
I am contemplating presenting a four hour seminar in depth seminar on REO, LOSS MITIGATION, AND SHORT SALES. I am trying to get it accredited... but in the event it is not accredited, I am contemplating doing it if there is interest. Let me know if anyone is interested
03/18/2008
   SECOND REVISION!!!!!! I DID SOME DIGGING AND TALKED TO A COUPLE OF ATTORNEYS WHO SPECIALIZE IN RESPA LAW... HERE IS THEIR GUIDANCE...... THIS IS REALLY TECHNICAL STUFF... SEEK LOCAL COUNSEL BEFORE RELYING ON THIS!!!!!!!!HUD takes the position that if a seller requires the buyer to use the sell...
03/15/2008
 www.carolinareo.netTHE GOLDEN RULE OF THE REO INDUSTRY: HE WHO HAS THE GOLD MAKES THE RULES--- AND REMEMBER THE BANK ALWAYS HAS THE GOLD....  **** REVISED****So here I sit drinking my coffee, getting ready for another crazy closing Friday here in the Carolinas... wondering what kind of messes I ...
03/14/2008
AH! ANOTHER UNHAPPY AND MISINFORMED SELLER-------------------------- you gotta love it.... RECORDING AND DISBURSEMENT IN NC.....................This is perhaps the biggest idiosyncrasy of North Carolina Law. This sets the state apart from almost all other states. This subject also gets me yelled ...
03/13/2008
 Today, I had a conversation with a Real Estate Broker with regard to a property his client was buying... The client entered into a contract to purchase a bank owned property, which was acquired via Foreclosure. On title there was an uncancelled prior deed of trust, which I had proof it was paid ...
03/13/2008
As the foreclosure crisis descends on the Carolinas, many of my clients are trying to find deals at the courthouse stairs:                                                        DANGER AT THE COURTHOUSEBob and Sue had been tracking foreclosures in the Mecklenburg times. They found a house they li...
03/12/2008
www.carolinareo.net jkosofsky@carolinareo.net(704) 849 8008 ext 228                                                                  SHORT SALES ---- THE NEW MARCH MADNESS!!!Well folks, March 2008 is upon us.... The leading mortgage indices state that this monthwill mark the peak of resets for su...
03/12/2008
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Jaime Kosofsky

Making Real Estate Closing Simple
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THE OPINIONS IN THIS BLOG ARE NOT TO BE CONSTRUED A SPECIFIC LEGAL ADVICE, AND MAY NOT BE RELIED UPON AS SUCH... PLEASE CONTACT ME SHOULD YOU REQUIRE SPECIFIC LEGAL OPINIONS...