Category Archives: Real Estate General

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QUERIN LAW Mission Statement 2018

Posted on by Phil Querin

[Trigger warning: This post has not been vetted by the Sensitivity Police. If you are offended by sarcasm, irony, satire, mockery, cynicism, acerbity, disdain, jest, banter, and other features occasionally found in normal, interesting, adult repartee, please discontinue reading this post, and find a safe space to curl up with a warm blankie.] A Precocious […]

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Posted in Miscellany, Real Estate General, Realtors, Residential Housiing, Satire | Tagged

Big Banks, Loan Fraud, and Moral Equivalence – Part Two

Posted on by Phil Querin

In Part One of my latest rant blog post, I took a look at the Big Banks and their sordid activities during the securitization heydays of 2005 – 2007/8. But I was just getting warmed up.  Part Two discusses how the banks have come to the aid of the prosecutors and courts in presenting themselves […]

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Posted in Lenders, Market Conditions, Miscellany, Mortgage Insurance, Ratings Agencies, Real Estate General, Real Estate/Distressed, Servicers, Subprime Mortgages | Tagged , , , , ,

Big Banks, Loan Fraud, and Moral Equivalence – Part One

Posted on by Phil Querin

Introduction. As the Big Bank scandals appear to be diminishing, I’ll admit that it’s probably time to get over the RATs (Rapers of the American Taxpayers), and move on to other more uplifting topics for this blog site. Perhaps I will….

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Posted in Financial Crisis, Legislation - Federal, Lenders, Market Conditions, Miscellany, Mortgage Insurance, Ratings Agencies, Real Estate General, Real Estate/Distressed, Residential Housiing, Subprime Crisis | Tagged , , , , , ,

Real Estate Brokerage Claims Evaluation – Part One

Posted on by Phil Querin

[Note: These are my opinions alone and are not meant to supersede or replace any company’s existing policy, which may differ for various reasons.  Nor are they intended to act as a substitute for prompt consultation with the company’s own legal counsel for instruction, advice and direction.  In all cases, managing principal brokers[1] are encouraged […]

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Posted in Broker Risk Management, Legislation - Federal, Legislation - Oregon, Miscellany, Real Estate General, Realtors | Tagged , ,

Recognizing Problem Short Sales Early

Posted on by Phil Querin

There are two types of short sales: (1) The relatively[1] easy ones that, while perhaps prolonged, ultimately will close; and, (2) The hard ones.  How can you recognize, in advance, what category yours will fall into?  What follows is a short discussion on what to look for. The first category of short sales consists of […]

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Posted in Miscellany, Ratings Agencies, Real Estate General, Servicers | Tagged , , , , ,

OREGON HOUSING: Multiple Offers – Then and Now

Posted on by Phil Querin

Introduction. For those Realtors® who were in the business in 2005 – 2007, multiple offers occurred fairly frequently.  Today, we are seeing them again.  However the circumstances are far different from before. The term “multiple offers” refers to situations in which sellers receive two or more offers to purchase their property.  The reason for multiple […]

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Posted in Market Conditions, Miscellany, Real Estate General, Real Estate/Distressed, Realtors, REOs, Short Sales | Tagged , , , , ,

The Portland Housing Market: Is the Glass Half Full or Half Empty?

Posted on by Phil Querin

As 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 […]

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Posted in Foreclosure, Lenders, Miscellany, Real Estate General, Real Estate/Distressed, Realtors, Short Sales

Do You Know Who Just Read Your Hardship Letter?

Posted on by Phil Querin

  Have you ever been curious about what “test” the Big Banks apply when deciding to allow short sales?  I have.  What follows is my analysis only.  Readers are free to disagree; but remember, a couple of anecdotal stories overheard at a cocktail party, do not a trend make.  There are rules and there are […]

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Posted in Deficiency Liability, Foreclosure, Legislation - Oregon, Lenders, Loan Modifications, Miscellany, Real Estate General, Real Estate/Distressed, Realtors, Refinancing, Servicers, Short Sales | Tagged , , , , , , , , , , , , , ,

Oregon Foreclosures – What Are The Big Banks Up to Now!?

Posted on by Phil Querin

  “Oh what a tangled web we weave, When first we practice to deceive!” Sir Walter Scott, Marmion, Canto vi. Stanza 17. Scottish author & novelist (1771 – 1832)   There are two new interesting developments on the foreclosure front in Oregon.  But first, here’s a recap of where we’ve been and where we are […]

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Posted in Foreclosure, Foreclosure Mills, Legislation - Oregon, MERS, Miscellany, Real Estate General, Real Estate/Distressed, Servicers, Trust Deeds | Tagged , , , , , , , , , ,

Short Sale Trap: Mortgage Insurance [Part Two]

Posted on by Phil Querin

In a recent post on mortgage insurance (“MI”), I addressed what I saw as a problem, but didn’t yet fully understand the depth of it, so just issued a cautionary warning to Realtors® and sellers that they should find out, in advance, if MI was obtained on the underlying loan.  The reason for this warning […]

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Posted in Deficiency Liability, Foreclosure, Lenders, Miscellany, Mortgage Insurance, Real Estate General, Real Estate/Distressed, Realtors, Short Sales | Tagged , , , , , , , , , , ,
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