Comments for Home Solution Counselors http://homesolutioncounselors.com Foreclosure Defense Mortgage Litigation Loan Modification Real Estate Home Short Sale Houston Texas TX Fri, 03 Sep 2010 15:20:53 +0000 hourly 1 http://wordpress.org/?v=3.0.1 Comment on MERS – Are 62 Million Homes Legally Foreclosure Proof? by Billy Martin http://homesolutioncounselors.com/mers-are-62-million-homes-legally-foreclosure-proof/comment-page-1#comment-385 Billy Martin Fri, 03 Sep 2010 15:20:53 +0000 http://homesolutioncounselors.com/?p=1243#comment-385 MERS spreading mis-information to support their own cause! MERS is the actual Mortgagee now? Interesting... All Mortgage/Deed of Trust instruments that mention MERS mention MERS as "nominee" or "in name only." But if that's the corner you want to paint yourself into then the Note - which either has been assigned to a trust or has retained by the originator - is now unsecured since, by your admission, "MERS owns the security instrument (Mort/DOT)" and is now legally separated from the Note. So your DOT/Mortgage is worthless without the Note and the Note is no longer connected to the DOT/Mortgage. MERS spreading mis-information to support their own cause!

MERS is the actual Mortgagee now? Interesting…

All Mortgage/Deed of Trust instruments that mention MERS mention MERS as “nominee” or “in name only.”

But if that’s the corner you want to paint yourself into then the Note – which either has been assigned to a trust or has retained by the originator – is now unsecured since, by your admission, “MERS owns the security instrument (Mort/DOT)” and is now legally separated from the Note. So your DOT/Mortgage is worthless without the Note and the Note is no longer connected to the DOT/Mortgage.

]]> Comment on MERS – Are 62 Million Homes Legally Foreclosure Proof? by MERSCORP, Inc. http://homesolutioncounselors.com/mers-are-62-million-homes-legally-foreclosure-proof/comment-page-1#comment-379 MERSCORP, Inc. Tue, 31 Aug 2010 19:16:17 +0000 http://homesolutioncounselors.com/?p=1243#comment-379 When a borrower signs the mortgage security instrument at closing, they grant and convey the legal title to the mortgage to Mortgage Electronic Registration Systems Inc. (MERS) and MERS is the mortgagee. As the agent for the promissory note owner, upon instructions from the owner, MERS will commence a foreclosure. The mortgage instrument states that MERS has the right to foreclose and sell the property. Courts around the country have repeatedly upheld and recognized this right. When a borrower signs the mortgage security instrument at closing, they grant and convey the legal title to the mortgage to Mortgage Electronic Registration Systems Inc. (MERS) and MERS is the mortgagee. As the agent for the promissory note owner, upon instructions from the owner, MERS will commence a foreclosure. The mortgage instrument states that MERS has the right to foreclose and sell the property. Courts around the country have repeatedly upheld and recognized this right.

]]> Comment on Bank of America’s equator system reduces chance to successfully close short sales – PART 1 by admin http://homesolutioncounselors.com/bank-of-americas-equator-system-reduces-chance-to-successfully-close-short-sales/comment-page-1#comment-359 admin Thu, 19 Aug 2010 18:43:18 +0000 http://homesolutioncounselors.com/?p=1103#comment-359 Quite possibly they need these items but they can choose whether or not they want to stop the foreclosure process. If they are not backing down it is because they believe the more profitable course of action is to seize the property versus assisting you. Remember that many of these loans have been already paid off with default insurance or they have been bought for pennies on the dollar. Quite possibly they need these items but they can choose whether or not they want to stop the foreclosure process. If they are not backing down it is because they believe the more profitable course of action is to seize the property versus assisting you. Remember that many of these loans have been already paid off with default insurance or they have been bought for pennies on the dollar.

]]> Comment on Bank of America’s equator system reduces chance to successfully close short sales – PART 1 by admin http://homesolutioncounselors.com/bank-of-americas-equator-system-reduces-chance-to-successfully-close-short-sales/comment-page-1#comment-358 admin Thu, 19 Aug 2010 18:36:26 +0000 http://homesolutioncounselors.com/?p=1103#comment-358 No surprise. Equator is a great tool for BAC to push off work and "issues" to the property owner and agent. Good luck selling burritos! No surprise. Equator is a great tool for BAC to push off work and “issues” to the property owner and agent. Good luck selling burritos!

]]> Comment on Bank of America’s equator system reduces chance to successfully close short sales – PART 1 by Yuliya Grabo http://homesolutioncounselors.com/bank-of-americas-equator-system-reduces-chance-to-successfully-close-short-sales/comment-page-1#comment-357 Yuliya Grabo Thu, 19 Aug 2010 17:16:47 +0000 http://homesolutioncounselors.com/?p=1103#comment-357 I have a file that has been in the equator sytem for two months. Several offers were initiated and the library was filled with everything needed for each offer. I have 6-8 hours of time involved and the library was emptied. BAC has not performed a BPO and they have no reason decline offers that are fair market value. Actually they can do whatever they like because I'm delisting the property and it will get foreclosed on in two years. BAC service is friendly on the phone, but the system and the run around is not going to help anyone close a short sales. BAC can go swallow a Mongo Burrito from Burritos Mexican Grill in Sarasota, FL. I have a file that has been in the equator sytem for two months. Several offers were initiated and the library was filled with everything needed for each offer. I have 6-8 hours of time involved and the library was emptied. BAC has not performed a BPO and they have no reason decline offers that are fair market value. Actually they can do whatever they like because I’m delisting the property and it will get foreclosed on in two years. BAC service is friendly on the phone, but the system and the run around is not going to help anyone close a short sales. BAC can go swallow a Mongo Burrito from Burritos Mexican Grill in Sarasota, FL.

]]> Comment on Bank of America’s equator system reduces chance to successfully close short sales – PART 1 by R http://homesolutioncounselors.com/bank-of-americas-equator-system-reduces-chance-to-successfully-close-short-sales/comment-page-1#comment-349 R Tue, 10 Aug 2010 20:00:11 +0000 http://homesolutioncounselors.com/?p=1103#comment-349 I have been denied modification due to the amount in arears on my mortgage.( B of AM on a former countrywide loan) I was never offered to do a short sale i have had two realtors willing to try but claim the"new process" is still very hard to work I need to start the short sale process to delay the sheriff sale which has been delayed by court order BUT i was told B of AM needs 1. Property listed - who determines price 2. and a offer submitted before they will stop sheriff sale process until sale is completed - is all this true? I have been denied modification due to the amount in arears on my mortgage.( B of AM
on a former countrywide loan)
I was never offered to do a short sale
i have had two realtors willing to try but claim the”new process” is still very hard to work
I need to start the short sale process to delay the sheriff sale which has been delayed by court order
BUT i was told B of AM needs
1. Property listed – who determines price
2. and a offer submitted before they will stop sheriff sale process until sale is completed – is all this true?

]]> Comment on Flagstar is shutdown by restraining order after breaking promises to homeowner by Brent Clanton http://homesolutioncounselors.com/flagstar-is-shutdown-by-restraining-order-after-breaking-promise-to-homeowner/comment-page-1#comment-345 Brent Clanton Sun, 08 Aug 2010 20:47:26 +0000 http://homesolutioncounselors.com/?p=1210#comment-345 Good job for your team, Edge! E.J. Simonsen is on The Talk650 Morning Show Monday's from 7a-8a on KIKK-AM. Good job for your team, Edge!
E.J. Simonsen is on The Talk650 Morning Show Monday’s from 7a-8a on KIKK-AM.

]]> Comment on Flagstar is shutdown by restraining order after breaking promises to homeowner by Aaron Ayotte http://homesolutioncounselors.com/flagstar-is-shutdown-by-restraining-order-after-breaking-promise-to-homeowner/comment-page-1#comment-343 Aaron Ayotte Sat, 07 Aug 2010 15:44:42 +0000 http://homesolutioncounselors.com/?p=1210#comment-343 Slayer, Great job, man! We work about 60+ short sales in Texas at any one time and I'm constantly having to "get creative" when going into battle with the lenders. Virtual "high 5", brotha!! Aaron Slayer,

Great job, man! We work about 60+ short sales in Texas at any one time and I’m constantly having to “get creative” when going into battle with the lenders.

Virtual “high 5″, brotha!!

Aaron

]]> Comment on Flagstar is shutdown by restraining order after breaking promises to homeowner by Anonymous http://homesolutioncounselors.com/flagstar-is-shutdown-by-restraining-order-after-breaking-promise-to-homeowner/comment-page-1#comment-342 Anonymous Sat, 07 Aug 2010 00:19:13 +0000 http://homesolutioncounselors.com/?p=1210#comment-342 Wow this is a great resource.. I’m enjoying it.. good article Wow this is a great resource.. I’m enjoying it.. good article

]]> Comment on Bank of America’s equator system reduces chance to successfully close short sales – PART 2 by Leonard http://homesolutioncounselors.com/bank-of-america%e2%80%99s-equator-system-reduces-chance-to-successfully-close-short-sales-%e2%80%93-part-2/comment-page-1#comment-341 Leonard Wed, 04 Aug 2010 05:41:08 +0000 http://homesolutioncounselors.com/?p=1114#comment-341 MMMmmmm very interesting.......My experience with Equator and B of A was quite impressive. I had full investor approval and a closing letter 49 days from pulling the trigger on the short sale initiation. They only cut commission 1/4% and I was called twice on Saturdays by the negotiator and the closing negotiator. My calls to the short sale department were quick and efficient. All in all, this last closing was the best short sale experience I've had out of the six I've been involved in so far. Don't shy away from B of A! MMMmmmm very interesting…….My experience with Equator and B of A was quite impressive. I had full investor approval and a closing letter 49 days from pulling the trigger on the short sale initiation. They only cut commission 1/4% and I was called twice on Saturdays by the negotiator and the closing negotiator. My calls to the short sale department were quick and efficient. All in all, this last closing was the best short sale experience I’ve had out of the six I’ve been involved in so far.

Don’t shy away from B of A!

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