Monthly Archives: August 2011

Realtors Still Hate Short Sales

It really is sad that the mortgage industry and Realtors can’t seem to get along and process short sales quickly and effectively. From the banks’ standpoint, short sales bring in more money than foreclosures.  From the Realtors’ standpoint, short sales represent aggressively-priced listings (usually). But according to the California Association of Realtors, short sales are […]

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Latest HAFA Report Shows Mixed Results

It’s been a while since I’ve written about HAFA (Home Affordable Foreclosure Alternatives Program), and that’s because there hasn’t been much to write about (unless you focus on the ineptitude of taxpayer-funded programs). According to a recent article on HousingWire.com, the Treasury Department says 10,438 short sales have been completed through HAFA since its start in […]

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Luxury Foreclosures on the Rise

Homes valued at more than $1 million represent the fastest growing segment of the U.S. foreclosure market. According to an article by Jerold Leslie at The Street (available on Yahoo!), such high-end homes represent a fairly small portion of the whole U.S. foreclosure problem (just 2.3% in the first 10 months of 2010). However, that […]

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Uncontested Foreclosures Resume in New Jersey

David Voreacos and David McLaughlin from Bloomberg recently reported on a development that we all knew was coming.  Chase, Wells Fargo, Citigroup, and Bank of America were given permission by Superior Court Judge Mary Jacobson (in Trenton, NJ) to resume “uncontested” foreclosures. All of these lenders, as well as Ally Financial and OneWest Bank, were […]

Posted in Bank of America, Foreclosure News, Wells Fargo | Comments closed

Meet Linda Green, Your Bank’s Vice President

Disclaimer: Do not read this before you take your happy pills.  This is going to make your blood boil! A recent CBS News article discusses the outlandish lengths banks will go to in order to process a foreclosure.  Their methods can be illegal, unethical, and downright bizarre.  The overall story here is not new…it has […]

Posted in Bank of America, Foreclosure News, Short Sale Info for Sellers, Strange but True, Wells Fargo | Comments closed