Clark Garrison's (klarque) Blog

I love the way the media is portraying that Real Estate is falling off the  Earth and we should all run for the hills. What are we supposed to do....start building tents (again) or living in caves?In life and especially in Investing, you can not follow the crowds. In the stock market, the smart i...

Here's evidence of where the R.E.O Market is going.  FAS (Field Asset Services) is a REO maintenance and service provider for many Lending institutions. Their main focus is to increase their return on defaulted properties sold for their clients.  Recently, they've just added new clients like Fann...

  Recently in President Bush's new Economic Stimulus Plan, Conforming Loan limits were increased to a little under $730,000.  Typically, the Nation's 2 largest secondary market lenders (Freddie mac and Fannie mae) set the standards for conformed loans. That limit was just above $400,000 recently....

It appears our government is at it again! This time they are going after Mortgage Brokers???In an attempt to restore our expiring economy the Bush Administration is pressing for Mortgage Brokers to have full disclosure to fees charged for originating loans.  Lender and Broker trade groups in the ...

I remember not too long ago when this zip code comprised of historic beautiful homes. Not too long ago this area flourished with home owners that were proud of the history this area possessed.  That was then, this is now!My company works with home owners in dealing with pre-foreclosure issues. Ne...

Last week Treasury Sec. and other members of the Bush Administration visited Oakland, CA. They were there due to the fact that CA has an abnormally high foreclosure rate. (who doesn't!)                                                         The Administration's current attempt to battle the fore...

Earlier this week i wrote a blog about how HomEq was giving me the run around in regards to getting a short sale payoff letter!  Well, here's how it ended! I managed to find out the email address for the CEO of HomEq and the phone number to the CFO! I called and email them the entire process i've...

I can't believe these Loss Mitigation departments! I would love to see who is managing these departments. Surely it's a 12 year old! Correct me if i'm wrong, but the purpose of these departments are to "Mitigate Losses" isn't it? Then what are they doing!? The bank told me exactly what they wante...

This just in.... Federal Reserve chairman Ben Bernanke is recommending lenders consider "Writing down" the principal amount of  loans  to help home owners who are loosing their homes. This is an effort to assist those homeowners who are asking for interest rate reduction. According to Bernanke, w...

Wow I can remember not too long ago I joined AR and received my first 150 points! Can you remember those days?I know this is really no milestone to many of you seasoned Vets, but let me tell you i'm very geeked! With this blog i'm over my own personal barrier. I never blogged before joining AR an...