IS THE FDIC BROKE? HOW COULD THAT BE? All of the networks are "buzzing" today, saying that the FDIC is going to ask banks to pre-pay their FDIC Insurance Premiums for the next three years. This will bring in roughly $15 Billion for each year that is "pre-paid". Why are they taking such a drast
...
09/28/2009
Is The FDIC Killing Indymac OneWest Bank Short Sales & Loan Modifications? Please Note: This is a re-post of a blog I wrote on September 17, 2009. In February/2010, the guys at Think Big Work Small decided to use this blog as the basis of their video that ended up “going viral”. The title of th
...
09/17/2009
Have You Had A Bad IndyMac/OneWest Bank Experience? I need to hear your stories! Over the past few days, I've been doing some research on the whole IndyMac/OneWest Bank situation that is causing us so much frustration, and I need your help.I need the following from anyone that has had, or is havi
...
09/16/2009
My Television Interview Regarding A Scottsdale Short Sale This evening, the local NBC Affiliate aired a story about a short sale that I have been working through with one of my clients. The interview took place after I sent an email to the news station, detailing how my client was being treated
...
09/14/2009
PMI & Short Sales....A Deadly Combination! Attention Agents.... ALWAYS ask your potential short sale clients if they have PMI associated with their loans before taking on your next Short Sale Listing. Even if your Seller tells you that they don't have PMI, VERIFY IT WITH THEIR LENDER(S). I alwa
...
09/14/2009
I work exclusively in the short-sale/foreclosure arena in Phoenix, and I recently had a case where i finally said, "Enough is enough". I won't bore you with the details (I blogged on it a few days ago), but to read about this particular case that "sent me over the edge", click here. To make a lo
...
09/10/2009
AZ Governor Signs Bill That Repeals Change To Anti-Deficiency Statute Governor Jan Brewer signed HB 2008, which repeals SB 1271 and its change to the anti-deficiency statute. AAR would like to thank our members for their quick response and action on this matter. AAR's success is due, in part, to
...
09/04/2009
GUESS WHAT? INDYMAC (NOW ONE WEST BANK) & BOFA WOULD RATHER FORECLOSE! For the past several months, we, as agents who have taken on short sale listings, have been able to tell potential clients, "Your lender doesn't want your home back. They would much rather work with you on a short sale". Wel
...
09/04/2009
First of all, let me start of by saying that I'm a 3rd Generation Real Estate Broker, and a 3rd Generation Phoenician. I remember, as a little guy, going with my mom to her Real Estate Office. I distinctly remember helping her carry 4 or 5 Telephone Book sized MLS Books to her car each month wh
...
08/31/2009
