
Category Archives: Realtors
← Older postsQUERIN LAW Mission Statement 2018
December 26, 2017 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 Real Estate2013 Short Sale FAQs [Part One]
April 21, 2013 by Phil Querin
The local and national real estate markets have been on the ropes for five years. The third quarter of 2007 was the statistical peak for housing prices in the Portland-Metro area. From that point forward, the real estate market went into a downward spiral from which it has never fully recovered. However, the third quarter […]
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Posted in Deed in Lieu of Foreclosure, Deficiency Liability, Fannie&Freddie, Financial Crisis, Foreclosure, Foreclosure Mills, GSEs, Market Conditions, Miscellany, Real Estate/Distressed, Realtors, Servicers, Short Sales, Tax Issues | Tagged Banks, Deed In Lieu Of Foreclsoure, Deficiency Liability, Distressed Transactions, Fannie & Freddie, Foreclosure, Market Conditions, Mortgages, Real Estate, Realtors, Short SalesThe Importance of Servicer-Realtor® Relationships in Short Sales
February 9, 2013 by Phil Querin
The online newsletter Mortgage Servicing News carried an interesting article that Realtors® should reprint and carry around in their pocket or purse. It was titled: “Servicer-Realtor Exchanges Can Boom or Bust Short Sales” and can be found online here. The premise of the article is smart, short and simple: Servicers should work closely with good […]
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Posted in Market Conditions, Miscellany, Real Estate/Distressed, Realtors, Short Sales | Tagged Distressed Transactions, Market Conditions, Realtors, Short Sales2013 Fiscal Cliff Legislation And Its Impact On The Real Estate Industry
January 17, 2013 by Phil Querin
If the politicians in Washington today were instead the CEOs of private industry, they’d all have been fired by now.” Anonymous [sort of] Introduction. At the end of 2012 we all went over the Fiscal Cliff like Wile E. Coyote. But unlike Wile E., we were able to grab a hold of a small scraggly branch on […]
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Posted in Deed in Lieu of Foreclosure, Deficiency Liability, Financial Crisis, GSEs, Legislation - Federal, Loan Modifications, Market Conditions, Miscellany, Real Estate/Distressed, Realtors, Refinancing, REOs, Short Sales | Tagged Banks, Deed In Lieu Of Foreclsoure, Foreclosure, Legislation - Oregon, Mortgages, Oregon, Real Estate, Realtors, Short SalesBelial Bank’s 2012 Holiday Planning Meeting
December 9, 2012 by Phil Querin
Following a rough and tumble year in the banking industry, Belial Bank’s feckless fearless leader, B.L. Zebub, believes it is high time to bring some levity and loyalty to the lowly troops who have been tirelessly foreclosing all the Beleaguered Borrowers they may have missed the first and second time around. Mostly, however, B.L. is […]
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Posted in B. L. Zebub, Belial Bank, Deficiency Liability, Financial Crisis, Foreclosure, Foreclosure Mills, Legislation - Federal, Lenders, Market Conditions, MERS, Real Estate/Distressed, Realtors, REOs, Servicers, Subprime Crisis, Tax Issues | Tagged B.L. Zebub, Bank Ethics?, Belial Bank, Distressed Transactions, Financial Crisis, Foreclosure, Foreclosure Mills, Legislation - Oregon, Market Conditions, MERS, Mortgages, Rating Agencies, Realtors, REOs, Securitization, Servicers, Wall StreetWill The Mortgage Forgiveness Law Be Extended?
November 30, 2012 by Phil Querin
Background. In 2007 Congress passed the Mortgage Forgiveness Debt Relief Act. The gist of the law is that for those taxpayers who have had debt cancelled as the result of a principal write-down, short sale, deed-in-lieu, or foreclosure, the ordinary income tax that would normally be assessed is forgiven. There are two primary qualifications: (a) […]
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Posted in Deed in Lieu of Foreclosure, Financial Crisis, Foreclosure, Legislation - Federal, Loan Modifications, Market Conditions, Miscellany, Real Estate/Distressed, Realtors, Short Sales, Tax Issues | Tagged Banks, Deed In Lieu Of Foreclsoure, Distressed Transactions, Financial Crisis, Foreclosure, Market Conditions, Real Estate, Realtors, Short SalesPortland Metro Housing Prices – The Last Five Years [Part Two]
November 25, 2012 by Phil Querin
This is the second installment of my article looking back over the past five years at Portland housing statistics. Part One examined the real reason for the housing crisis which officially commenced in 3Q 2007, and looked at the historic numbers for average and median (i.e. “mean”) sale prices according to the RMLS™. The link […]
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Posted in Deed in Lieu of Foreclosure, Fannie&Freddie, Financial Crisis, Foreclosure, GSEs, Legislation - Federal, Legislation - Oregon, Lenders, Loan Modifications, Market Conditions, MERS, Miscellany, Real Estate/Distressed, Realtors, Refinancing, REOs, Servicers, Short Sales, Subprime Crisis, Subprime Mortgages, Trust Deeds | Tagged Banks, Deed-In-Lieu, Distressed Transactions, Fannie & Freddie, Financial Crisis, Foreclosure, Legislation - Oregon, Loan Mods, Market Conditions, MERS, Mortgages, Oregon, Piggy-Back Loans, Rating Agencies, Real Estate, Realtors, Refinancing, REOs, Servicers, Short Sales, Wall StreetPortland Metro Housing Prices – The Last Five Years [Part One]
November 20, 2012 by Phil Querin
Background – 3Q 2007. Looking back, August 2007 was a memorable month, filled with good news and bad. Based upon RMLS™ numbers, it was a statistically impressive month for closed residential transactions in the Portland Metro area. The bad news was that it was the last such month we were to see. From that point […]
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Posted in Financial Crisis, Foreclosure, Lenders, Market Conditions, Miscellany, Ratings Agencies, Real Estate/Distressed, Realtors, REOs, Short Sales, Subprime Mortgages | Tagged Banks, Distressed Transactions, Financial Crisis, Foreclosure, Lawyers, Market Conditions, Mortgages, Oregon, Real Estate, Realtors, REOs, Short Sales, Wall StreetReal Estate Brokerage Claims Evaluation – Part One
November 3, 2012 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 Oregon, Real Estate, RealtorsRealtor Alert – Short Sale Fraud
November 3, 2012 by Phil Querin
Introduction. Recently there have been some anecdotal reports that real estate licensees, presumably with the knowledge and consent of sellers and buyers, have engaged in some practices that could be regarded, at best, as “sketchy.” Here is the issue: In some short sale transactions, there have been apparent instances of brokers not submitting repair addenda […]
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Posted in Broker Risk Management, Legislation - Federal, Legislation - Oregon, Lenders, Market Conditions, Miscellany, Real Estate/Distressed, Realtors, Short Sales | Tagged Distressed Transactions, Financial Crisis, Market Conditions, Oregon, Realtors, Short Sales