Southern California Attorney Litigates for A Free House for A Client

February 8, 2012

In January of 2012 Attorney Nathan Fransen won two of his cases and at least one would result in his client getting a “free house.” The other might be a free house too, or maybe just a pretty good pile of money.

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Two common mistakes to avoid in a real estate short sale

February 8, 2012

An experienced investor will skillfully negotiate the deficiency on your mortgage. A deficiency is the difference between your current mortgage balance and a realistic market selling price for that property. No realtor can have the experience at negotiating your deficiency like mine. Try me.

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My local newspaper reports on the treachery of the mortgage servicers

February 8, 2012

The uncontrovertible truth that servicers make more money from a foreclosure than mortgage modification or short sale was finally noticed by my home-town newspaper. A reporter attended the Mesa County foreclosure auction and was struck by the outrageous prices bid by lenders, and that almost none of them sell to investors at those auctions.

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Vetting the REST Report

February 8, 2012

The subject of Net Present Value, or NPV has been a hidden aspect of mortgage modifications for a few years now. The Net Present Value is a required calculation in the Home Affordable Mortgage Plan, or HAMP. It is a proprietary calculation to the banks, however. A lender will not reveal that calculation.

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Canary in the Short Sale Mine

February 8, 2012

You read it here first: The new HAFA, or Home Affordable Foreclosure Assistance program just rolled out by our illustrious Federal government will be a spectacular failure. Within months it will prove to be an incredible boondoggle resembling the funniest rabbit chase anyone ever witnessed.

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Robo-signer information and anticipated results

February 8, 2012

The press coverage of the robosigner mess has been amazingly small so far. An admitted 10,000 unprofessional foreclosures per month on the part of one of the four biggest mortgage servicers in the country; multiplied by suspected duplicate policies by the other three, and multiplied by who knows how many months this has been going on would seem to warrant more investigation than the result so far.

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The US Treasury Dept. said what about mortgage modifications?

February 8, 2012

I have lifted the text of the speech quoted by Mr. Andelman and inserted my own comments based on my experience. I am a vendor for the REST Report; which has proven spectacular results in achieving beneficial mortgage modifications.

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How to avoid a trial loan modification

February 8, 2012

Trial loan modifications are specified only in HAMP, or Home Affordable Mortgage Plan qualified mortgages. The banks have learned how to make this a weapon in wearing down the beleaguered, distressed homeowner.

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REST Report more crucial than ever given Principal Reduction Alternative in the new HAMP

February 8, 2012

The latest version of HAMP, or the Home Affordable Mortgage Plan, has accomodations for underwater mortgages to have principal reduction accounted for. As one reads through the details it is even more crucial that the distressed mortgage owner get the REST Report as an indispensable part of their mortgage modification application.

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HAMP Extended Through 2013

February 8, 2012

The U. S. Dept. of Treasury announced in February, 2012 that it is extending HAMP another year, to December 31, 2013. In addition, certain enhancements to HAMP were announced.

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