Archive for May 2011

Federal Judge Blocks Oregon Foreclosure Due to MERS-Related Problems – Mortgage Rates & Trends (blog)

Mortgage Rates & Trends (blog) Federal Judge Blocks Oregon Foreclosure Due to MERS-Related ProblemsMortgage Rates & Trends (blog)Oregon is one of 27 states that allows for non-judicial foreclosures. Judge Panner commented in his ruling: “The MERS system creates confusion as to who has the authority to do what with the trust deed. The MERS system [...]

Mortgage Modification: Who qualifies?

(Click “More Info” to see full video script!) www.60MinuteLoanModification visit for a free CD on Mike Rockwood’s experience modifying 5 of his own home loans – and how you can too. Ask Mortgage Modification questions on our forums at http Initially, lenders strictly adhered to the seven guidelines explained below when awarding mortgage modifications. Today [...]

BofA, Saxon settles faulty military foreclosures for $22 million – Housing Wire

BofA, Saxon settles faulty military foreclosures for $22 millionHousing WireIn the initial suit, Countrywide was accused of not checking the military status of borrowers who ended up losing their homes to foreclosure. That suit was filed in the Central District of California. Countrywide was acquired by BofA in late 2008 in …Bank of America to [...]

Stupid People Are My Bread and Butter

www.phillyd.tv Live Chat Saturday 2PM EST Teacher Story www.stltoday.com Get Out of Debt!: www.phillyd.tv Accidental Foreclosure: www.wftv.com Google Street View (10 pics): technology.timesonline.co.uk PS. We finally got 5 shows in 1 week again! Wooooo. Now I’m going to pass out, since I was running solely on energy drinks today, and feel like a puppet on [...]

Foreclosure Deal, MBIA-Morgan Stanley, Google, JPMorgan in Court News – Bloomberg

Foreclosure Deal, MBIA-Morgan Stanley, Google, JPMorgan in Court NewsBloombergUS banks and state attorneys general, seeking to avoid $17 billion in court claims over faulty foreclosures, are discussing a settlement framework that may let firms choose from a menu of options for …and more » View full post on foreclosures – Google News

What’s the Difference b/w Shorts Sales & Foreclosures??

www.homequestlink.com What really is a short sale… Whats needed for a Formal Short sale approval? Why does it take so long for a Short Sale to be approved? What is a Foreclosure and why is it better than a short sale foreclosures, foreclosure,reo,bank owned,anaheim, short sale,anahiem,home for sale, condo, santa ana, fountain valley, garden grove, [...]

Foreclosure victims not all deadbeats, report says – San Francisco Chronicle

Foreclosure victims not all deadbeats, report saysSan Francisco ChroniclePopular wisdom holds that people who lose their homes to foreclosure must be irresponsible deadbeats who can't handle money. But a new study shows that many homeowners who defaulted on their mortgages during the economic downturn subsequently proved to … View full post on foreclosures – Google [...]

Inland foreclosure discounts lower compared to nationally – LoanSafe

Palm Beach Post Inland foreclosure discounts lower compared to nationallyLoanSafeInland Southern California houses that were bank-owned or in some stage of foreclosure sold for 18 percent less on average than other inland houses in the first quarter of this year, according to a report released Wednesday. …Illinois Foreclosures Good for Buyers, Bad for the MarketHome [...]

Gold, The Fed, China & Channel News- Part 2

Watch My LIVE Broadcasts (On-Demand): www.livestream.com Add me as a friend on Facebook! www.facebook.com Get DAILY GrowBy10 Updates on Twitter! twitter.com news.bbc.co.uk China reduced its holdings of US government debt by the largest margin in nearly nine years in June, according to data from the US Treasury. China holds more US government debt than any [...]

Oregon Judge Blocks Seizure of Home, Questions Non-Judicial Foreclosure – Bryan Ellis Real Estate Letter

Oregon Judge Blocks Seizure of Home, Questions Non-Judicial ForeclosureBryan Ellis Real Estate LetterUS District Judge Owen Panner believes that two wrongs do not make a right and, in keeping with this philosophy, has blocked the foreclosure on a Medford, Oregon home[1]. “While I recognize that [the owners] have failed to make any payments on the [...]