The PartnerFirst Active Rain Blog

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Services for Real Estate Pros - PartnerFirst
RECENT BLOG POSTS
Working with both the National Association of Realtors and the U.S. Treasury Department on some of the issues that are not directly, or specifically covered in the Supplemental Directive 09-09 (HAFA) continues to be an interesting experience. NAR has taken the point on HAFA issues and pushes hard...
05/21/2010
For those agents working on short sales every day, I’m sure the heat is not high enough. But if you own and/or service second mortgages you are starting to get the message that on top of the financial losses you are facing on second mortgages secured by underwater properties, you can expect to ge...
05/06/2010
Secretary Geitner, Welcome to our World In what might have been his most direct attack on mortgage servicer performance under Treasury sponsored programs designed to help American homeowners avoid foreclosure, Treasury Secretary Timothy Geitner  stated flatly that "we do not believe servicers are...
05/05/2010
“The highest level of human connection is when we can see the world through another’s eyes and set aside our own motives in order to fulfill the needs of another”. – Anonymous. This statement is true now more than ever in the world of marketing and connecting with distressed homeowners. Our futu...
04/30/2010
For the last year or so, the foreclosure prevention programs (moratoriums, etc.) have created a huge backlog (shadow inventory) of seriously delinquent loans for many of the national mortgage servicers to deal with.  As the dust starts to settle, RealtyTrac recently reported nearly one million p...
04/22/2010
"The REO network of yesterday, is now the PartnerFirst network of today" - Son Nguyen (PartnerFirst)  I have created a special report for the Active Rain Community. I have to warn you that it is rather long for a traditional blog, however, below are a few sampled points from my special report tit...
04/14/2010
Short Sale Odds and Ends - Watch Those 2nds and Be Your Own "Economist" Getting second mortgages settled so your short sales can close is a problem with a hundred different faces.  As much as you try to identify what obstacle the 2nd is going to present, they throw a new twist to an old theme and...
04/13/2010
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The Default Market - Still where the Action is, and where the Action will be For Real Estate Agents: For those agents who are trying to figure out where they should put forth effort to build their business to get the best return on their time, the data continues to point to the default market.  W...
04/13/2010
No More Faxing to Bank of America   For those that did not receive a message directly from Bank of America, they announced that effective immediately, they will no longer accept faxed short sale documents.  All documents will need to be scanned and uploaded into Equator.  There were no qualifiers...
04/12/2010
With the first to market agent network emerging to satisfy the demands of HAFA, component mortgage servicers may now with confidence refer distressed homeowners to pre-foreclosure specialist as part of a massive call to action to bring solutions to the short sale market. Component servicers will ...
04/08/2010
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