RECENT BLOG POSTS
If you keep up with the news, Bank of America's announcent extending their foreclosure freeze to all 50 stateshas been spreading with people wondering what is next? The "Repogate" foreclosure fiasco has taken several turns. Here are some observations as I have seen it. I attended a Sheriff Sale ...
10/08/2010
So let's get this straight. Some banks have been accused of using fraudulent foreclosure documents in court. Some have now frozen foreclosure actions. Title companies are starting to question whether they can insure title. This situation is being heavily scrutinized by judges, title insurance...
10/06/2010
Complaints about practices of the banks have not fallen on deaf ears. Several members of Congress are calling for federal investigation of numerous questionable bank practices. The California Democratic Congressional Delegation has assembled a 20 page PDF document outlining numerous irregularit...
10/06/2010
There has been quite a bit of news over the last week about the RepoGate crisis. There have been accounts that foreclosure actions by some lenders have been frozen in 23 states which are mostly judicial foreclosure states. (In addition title companies are appearing to review their policies on w...
10/05/2010
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Keith shares a novel idea: the idea of being free and clear with no mortgage quicker than the 30 year mortgage. In moderately priced areas, the 15 year mortgage can be quite feasible. The idea of retiriing free and clear with no monthly payment is one part of the rent vs. buy decision where b...
10/05/2010
When the dust settles on the Repogate crisis with the foreclosure processing irregularities, we will probably have an idea what its impact might end up being on the real estate market. For now it is early to tell. If other title companies take the lead from Old Republic and refuse to offer titl...
10/04/2010
Anybody who is involved in the sale of foreclosures needs to understand what is written below here. This "REPOGATE" has grown. We are no longer just talking about a few thousand foreclosure actions being delayed. With the possibility of title insurance NOT being available for some foreclosur...
10/04/2010
Over the weekend Old Republic National Title Insurance has announced they will no longer issue title insurance for bank-owned properties for certain banks until some issues are resolved. This REPOGATE crisis has the potential to spread as other title insurers evaluate their position. There have...
10/04/2010
During the last week three major lenders have announced that they are freezng numerous foreclosures in process in 23 states. And one title company has said they will not issue title insurance on foreclosures from certain lenders with suspect processing methods. Some bank-owned REO sales will be...
10/03/2010
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Home buyers: If you want to dream the impossible dream and shoot for the unreachable star, then I'd suggest you do it with another agent. Unfortunately, I need to spend time doing activities that generate income to support my family. Get pre-approved and then we can find you the possible dream ho...
10/02/2010