‘Living Wills’ For Big Banks?
January 22, 2012 by Phil QuerinIt has recently been reported that Big Banks must have ‘living wills’ in place by July, 2012. In estate planning circles, a “living will” is a document one creates in the event they should later become incapacitated or incompetent, and are unable to make important decisions for their long term care. More to the point [...]
Posted in Fannie&Freddie, Financial Crisis, Foreclosure, Foreclosure Mills, GSEs, Lenders, Loan Modifications, Market Conditions, MERS, Miscellany, Real Estate/Distressed, Refinancing, Servicers | Tagged Bank Living Wills, Banks, Financial Crisis, Foreclosure, Foreclosure Mills, Lawyers, Market Conditions, MERS, Real EstateSecret Congressional Testimony – Was P.T Barnum Right?
January 15, 2012 by Phil QuerinThis secret congressional testimony was surrepetitiously transcribed and delivered anonymously to me by a high-level government employee who had recently been foreclosed by Cerberus Servicing Systems, a little known, but highly aggressive foreclosure company. Cerbrus’ namesake is the mythical three-headed dog, guarding the gates of Hell, preventing those who enter from ever leaving. Cerberus Servicing goes [...]
Posted in B. L. Zebub, Belial Bank, Financial Crisis, Lenders, Market Conditions, Miscellany, Real Estate/Distressed | Tagged B.L. Zebub, Banks, Belial Bank, Financial Crisis, Market ConditionsBelial Bank Conference Call Discussing The Goodrich Decision & MERS
January 8, 2012 by Phil QuerinAs we move into the New Year, our friends in the banking, servicing, and title industries have hastily convened a conference call to deal with the latest MERS setback in court. It seems that when Fannie Mae sought permission to evict some folks from the home it had recently foreclosed, the local Jackson County Circuit [...]
Posted in Belial Bank, Deed in Lieu of Foreclosure, Fannie&Freddie, Financial Crisis, Foreclosure, GSEs, Legislation - Oregon, Lenders, Market Conditions, MERS, Miscellany, Real Estate/Distressed, Servicers, Short Sales | Tagged B.L. Zebub, Banks, Belial Bank, Deed-In-Lieu, Distressed Transactions, Financial Crisis, Foreclosure, Lawyers, Legislation - Oregon, Market Conditions, MERS, Promissory NotesThe Portland Housing Market: Is the Glass Half Full or Half Empty?
January 3, 2012 by Phil QuerinAs we enter the New Year, everyone, it seems, has an opinion or prediction. However, one rule should always be applied: Be careful how you interpret the numbers! A recent Oregonian article is a case in point. It carried the following headline: “Portland home sale volume improves in November.” The article, which was based upon [...]
Posted in Foreclosure, Lenders, Miscellany, Real Estate General, Real Estate/Distressed, Realtors, Short Sales
