If facing foreclosure, don’t just give up. Fight for your rights. “Citigroup paid almost $82,000 in opponents’ legal costs when settling challenges to four bankruptcy claims that used Orion letters in 2010, according to agreements filed with federal bankruptcy courts in New York and Arkansas. The bank reduced interest rates on the remaining debt by [...]
Massachusetts Supreme Court case discussion. What does it mean for Texas?
January 17, 2011 By 1 Comment
The foreclosure defense advocates have been having a field day discussing the outcome and applicability of issues from the recent Massachusetts Supreme Court decision. Today’s guest post is from George W. Gore the founder and lead attorney for The Gore Law Firm. In this post he gives a quick overview of the case and the [...]
Holiday Foreclosure Freeze? No, not for Texas.
December 13, 2010 By Leave a Comment
Although Fannie Mae, Freddie Mac and several other large lenders are claiming a Holiday Gift with their self imposed foreclosure freeze sadly it won’t help Texans one single bit! This “gift” is nothing more than a shameless attempt at improving their poor public image. Why won’t it help Texans? Because although they will suspend foreclosures [...]
Tips for Success with Bank of America’s Equator system
December 6, 2010 By 4 Comments
Part 2 – Equator Tips for Success If you want to be successful in short sales that require Equator make sure to employ these Tips and Traps. Part 1 can be read here The following Equator tips and traps come from Dan Welch. Dan Welch is the lead short sale negotiator for Home Solution Counselors [...]
Traps to Avoid with Bank of America’s Equator system.
December 3, 2010 By 3 Comments
Part 1 – Equator Traps to Avoid. If you want to be successful in short sales that require Equator make sure to employ these Tips and Traps. The following Equator tips and traps come from Dan Welch. Dan Welch is the lead short sale negotiator for Home Solution Counselors. Dan saw the light and fled [...]
Foreclosure hold is a lie…
November 4, 2010 By Leave a Comment
Although many of the large banks claimed to have foreclosures on hold while they review their procedures it appears they didn’t “hold” back much in the Greater Houston Area. While the number of foreclosed property is slightly lower than previous months it not what I would call a HOLD. More like a slow down. Did [...]
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 [...]
Bank of America is ready to resume foreclosures.
October 19, 2010 By Leave a Comment
The Wall Street Journal is reporting that BofA is ready to crank up the foreclosure machine once again. Amazing what can be done when Bank of America might take a financial hit. BofA can’t seem to locate the submitted paperwork for a loan modification (or short sale) at least 30% of the the time. Their [...]
Bank of America’s foreclosure halt hurts many
October 12, 2010 By Leave a Comment
The fact that Bank of America has claimed to halt foreclosures in all 50 states is significant. It is likely only a matter of time until the other big banks capitulate and offer some type of foreclosure freeze as well. What will be the outcome? It remains to be seen but for now there are [...]
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 [...]
