You would think that the top executives at Countrywide, once the nation's largest mortgage lender couldn't qualify to ever do business in the Financial Industry ever again… think again. They're back on stage and they're positioning themselves to make a ton of money off the housing meltdown. Cra
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06/13/2009
If you have invested in a property and have tenants, and your rentals are in foreclosure, or if you regularly purchase properties at foreclosure sale, or if you are a lender who forecloses on residential dwellings, there is a new federal law that will have a direct impact on your business. On May
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06/03/2009
More and more it becomes obvious that the lenders are playing 'Panic Football'. They have no strategy in place to cope with this crisis and certainly don't have the team, let go the coach to handle the actual crisis.If you have ever worked in a corporate environment and have some common sense lef
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02/08/2009
According to a recent post on Forbes.com By Daniel Indiviglio, Obama wants to Use The TARP to absorb some of the individual homeowners losses.With few other options, the White House may adapt an FDIC plan to help stall foreclosures. The Obama administration is considering spending up to $100 bill
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01/29/2009
Just wanted to give you an update on the latest lawsuit that is Countrywide facing this time. Countrywide and Landsafe Sued over Appraisals From Business Week, a Seattle lawfirm is suing Countrywide and Landsafe claiming they illegally rigged the appraisal process. The suit, which seeks class-act
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01/28/2009
Today's market conditions are alarming to some and absolutely exciting to others. It's how you look at it is the glass half empty or is it half full? There are massive numbers of real estate agents leaving the business, and even more who are not making ends meet. The result for those who are left
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01/26/2009
When will housing prices rebound? It's the billion-dollar question. With the economy weakening day by day, probably not next year. After reading the article written by Scott Cendrowski under the title "The 2009 Housing outlook" and published in Fortune Magazine; December 22, 2008 (Special Issue:
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01/12/2009
Hello...read this..its nice, I'm going through some hard times and then I stumbled upon this story. It's a must read, enjoy When I got home that night as my wife served dinner, I held her hand and said, I've got something to tell you. She sat down and ate quietly. Again I observed the hurt in he
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11/01/2008
Some new info on the short sale business that people should be aware of when they have a loan that includes PMI insurance: Be aware, the PMI Co. in some cases, are requesting the Home Owner doing the Short Sale, to sign a Promissory Note before proceeding with a Short Sale. This is happening more
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10/30/2008
Hello Everybody, I know that we are all suffering and make half as much for twice as much the effort, But really, look at this song, you might not sing along, but it's the naked truth of what happened and we are all responsible. That's why I am against the government interventions, what we are li
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10/29/2008