SHOCKER!! Buyer of a short sale doesn’t own the property he just purchased (or does he?). Seller of the short sale paid off the wrong party (or did he?). The below email was sent to Neil Garfield at Living Lies. Sadly this is not shocking at we know of two other lawsuits where the seller [...]
What is the Prompt Decision for Qualification for Short Sale Act of 2011?
April 18, 2011 By Leave a Comment
NAR is touting a new bill the “Prompt Decision for Qualification for Short Sale Act of 2011” which has been introduced in the U.S. House of Representative and will mandate that mortgage servicers respond to short sale requests within 45 days! Sounds good but guess what? They already tried this once. It was called Prompt [...]
LIVE TODAY @ 11:30am – Keller Williams Signature (Katy)
December 10, 2010 By Leave a Comment
December 10, 2011 at 11:30 AM staff members from Home Solution Counselors & The Gore Law Firm will be presenting at Katy’s Keller Williams Signature office. Leveraging Short Sales Maximizing Commissions & Minimizing Risks Lunch will be provided.
November 2 Foreclosure Sale Date. 5,463 set to go?
November 1, 2010 By 1 Comment
Although some of the largest mortgage banks (servicers of mortgages) such as Bank of America, Wells Fargo, Chase and GMAC have announced in varying releases that they are halting foreclosures while they review their procedures, they haven’t stopped posting and prepping to auction off over 5,000 homes in the Greater Houston Area. How many folks [...]
FAQ on Texas AG Demand Letter to Mortgage Servicers to Halt Foreclosure Activity
October 6, 2010 By Leave a Comment
The following FAQ is a reprint of the FAQ provided to Texas Realtors and on the affect to various types of foreclosure related transactions such as REO sale, Short Sales, Evictions and Foreclosures. >>>>> TAR – FAQForeclosureMoratorium100610 Much of this remains to be seen but it is worth reading and noting possible issues that may [...]
List of Lenders targeted by Texas Attorney General
October 6, 2010 By Leave a Comment
The following is the list of mortgage servicers (lenders) that have been initially targeted by Texas Attorney General Greg Abbot’s office for possible foreclosure fraud. If your loan is in a foreclosure status or you have been wrongfully foreclosed within the last four years please seek assistance immediately. – The Bank Slayer Last updated 11 [...]
Mortgage Banks ignore Texas Attorney General, foreclose at will
October 6, 2010 By 1 Comment
Looks like the banks collectively thumbed their noses at the Texas Attorneys General Office and marched forward with foreclosures yesterday, except for GMAC/Ally. The Houston Chronicle caption reads… “Foreclosure sales go forward as Texas AG pushes moratorium“ But here at BustMyBank we predict that the banks’ excrement is about to make physical contact with an [...]
Texas Attorney General calls for halt of all foreclosures
October 5, 2010 By 15 Comments
“Texas Attorney General Greg Abbott called for a halt on foreclosures Monday amid nationwide scrutiny over the way they are processed.” The fraud in the mortgage industry has finally hit a raw nerve. 27 mortgage servicers have just been put on Notice to HALT the sale of foreclosures and homes in the foreclosure processes. Mortgage [...]
Houston area foreclosure stats for September 2010
September 3, 2010 By 1 Comment
Tuesday, September 7th is Foreclosure Tuesday. Here is a quick look at the Houston area foreclosure stats: Posted Homes for Foreclosure Posted foreclosures for the Greater Houston Area total 6,689 which is a 43% jump from last month’s 4,478. Galveston County continues to rocket forward with a 53.7% increase over August’s posted foreclosures. Fort Bend County was [...]
Houston area foreclosure stats for August 2010
July 27, 2010 By Leave a Comment
Tuesday, August 3rd is Foreclosure Tuesday. Here is a quick look at the Houston area foreclosure stats: Posted Homes for Foreclosure 226 – Brazoria County (Pearland, Alvin, Lake Jackson, etc.) 586 – Fort Bend County (Missouri City, Sugar Land, Richmond, etc.) 244 – Galveston County (Galveston, Clearlake, Texas City, etc.) 3,361 – Harris County (Houston, Pasadena, Baytown, [...]
