Have you ever been curious about what “test” the Big Banks apply when deciding to allow short sales? I have. What follows is my
The Conundrum. In Oregon we have a foreclosure conundrum: ORS 86.735(1) requires lenders to record all successive trust deed assignments when non-judicially foreclosing a trust
“The great thing about working at ________________ Bank is that no one has to take personal responsibility for the institutionalized immorality of our industry. We
On April 13, 2010, the Office of Comptroller of the Currency (OCC), together with the Board of Governors of the Federal Reserve Board (FRB), and
In my earlier post I was critical of the Obama Administration’s second run at jumpstarting the woefully inadequate Home Affordable Refinance Program or “HARP.” As
Introduction. As we know today, there are many bank-owned properties being listed and sold. A term commonly used to refer to these homes are REOs,
The credit and real estate meltdowns, coupled with the subsequent foreclosure crisis, caused many politicians, all with differing motives, to shift into high legislative gear.
“ If the Servicer is foreclosing on a property in the State of Oregon, the Servicer must destroy any unrecorded assignment to Freddie Mac no later than 10 days
Shill – “…a person who helps a person or organization without disclosing that he or she has a close relationship with that person or organization.
The sad reality is that negative equity, short sales, and foreclosures, will likely be around for quite a while. “Negative equity”, which is the excess
