Ted Schmidt's (tcsenter) Blog

People often ask me which leads are the best. The answer to this question depends mostly on you. A person working on their own has different needs than a person managing a sales forces of 10 reps. Most of my customers fall in to the first category. Someone who is new to the business has different...

I have had several people ask me about the different lead programs and specials we have going on now.  Let me go over the different types of lead delivery programs we have. Real Time Internet Leads - $15 ea.(no minimum) We can deliver 100-200 per day depending on the filter.  These leads are deli...

A cram down is when a bankruptcy judge reduces the amount of a debt in a bankruptcy proceeding, often at the objection of one or more creditors.  Right now, cramdowns of mortgages on primary residences are not allowed in federal bankruptcy cases but proposed legislation will make the practice a l...

  Originally posted in October 2008, I felt it was worth posting again.  Our politicial and economic leaders continue to feed us more of the same.  They believe an expansion of the money supply and re-inflation of the housing bubble is what can lead us out of the coming depression, they are wrong...

I started producing loan mod leads in May of 2008 and decided I would try to do some loan mod deals myself with the help of an attorney.  I was producing an extra 50 leads per day or so that did not get sold and figured I could just cherry pick my own database, open 5 new cases a day and make an ...

With the economy in a prolonged recession, more and more business are having trouble meeting their obligations on commercial real estate loans. They are turning to a specialized group of negotiators targeting commercial loan modifications.   The alarming number of commercial real estate defaults...

This just in... Fannie Mae to suspend foreclosures through the holiday season.

Leadsnet Inc. has released www.Hope-For-Homeowners.us a consumer portal designed to help take the confusion out of the loan modification process.  The site offers a quick form for consumers to complete that will match them with a loan modification consultant.  Hope-for-homeowners.us also offers d...

Today Fannie and Freddie announced a sweeping mortgage modification plan that promises to prolong our agony by offering sub prime borrowers in default a low teaser rate, with negative amortization.  Certainly some families will benefit and others will rest easy because it buys them time but this ...

Back in July we passed a housing bill which among other things created an FHA program to refinance bad loans.  The way the deal works is the existing loan gets cut down to 90% of current appraised value and is replaced with a new loan guarenteed by FHA.  The delinquent homeowner has to share the ...