Sidney's Blog

There have been several posts of why Short Sales die before approval. There is a reason, and I think the main reason, they don’t make it out of the Lenders grasp not yet mentioned, and here it is. ALL WE NEED IS FOR YOU TO FAX THE PACKAGE…ABOUT 7 TIMES. PLEASE DON’T EXPECT US TO PICK UP THE PHONE...

The Helping Families Save Their Homes Act of 2009 signed into law   The new law provides a 90-day notice requirement and additional protections for tenants in foreclosed properties. Below you will find the major provisions outlined under Title VII, Protecting Tenants at Foreclosure Act of 2009. D...

Nine Reasons Why Housing is NOT Recovering I’m sure most of us have read reports of how home sales have gone up recently, which the pundits see as a sign of a recovery? Dear Colleagues, Please don’t fall for that. Here is my list of the: Top 9 Reasons Why That Recovery is Not Happening Now 9-LEND...

I read this letter from a homeowner in the Washington Post and I wanted to share it with everyone to find out your thoughts...and pay special attention to the highlighted sentence. "After multiple requests to our mortgage company, our lender finally agreed that my husband and I may qualify for th...

July Home Sales Surge More Than 7% The latest news reports are that home sales surged more than 7% in July…the report continued to mentioned that it is the highest one month surge in more than 10 years. WHAT ?!?!??!?!??!?! This didn’t happen during the Unprecedented Boom in real estate we enjoyed...

This past December Bank of America came to a settlement with District Attorney’s in 11 states over complaints of predatory lending. As part of the settlement Bank of America agreed to modify $8.4 Billion worth of Countrywide loans covering about 400,000 mortgages. Countrywide was supposed to lowe...

There is a company referred to as PennyMac, its legal name is Private National Mortgage Acceptance Company. What the company does is something that has become very lucrative in the face of so many people losing their homes, hopes and even futures. This company buys toxic mortgages from the govern...

File this in the “I’ve heard it all now” file. It seems Lenders are now causing even more pain unto the distressed homeowners in this country. Case in point is a legal battle being waged by cities like Buffalo and Detroit, although what we are about to go over is happening more and more all over ...

Yet another example of Lenders getting into the “Greed is Good” mentality. This time is comes from a surprising area…Property Tax Delinquencies. This is truly despicable, but wait until you hear how this is affecting the Foreclosure market. I’m getting more convinced by the day about the profita...

Dear Mr. President, As successful as your slogan for the Presidential campaign was, I don’t know if you had any idea how it would change the country. Yes, you won the Presidency but if imitation is the greatest form of flattery then your biggest accomplishment is how Corporate America has taken t...