Credit Rating Agencies – The Shills in the Crowd

Posted on by Phil Querin

Shill – “…a person who helps a person or organization without disclosing that he or she has a close relationship with that person or organization. “Shill” typically refers to someone who purposely gives onlookers the impression that he or she is an enthusiastic independent customer of a seller (or marketer of ideas) that he or […]

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Posted in Financial Crisis, Foreclosure, Lenders, Market Conditions, Miscellany, Ratings Agencies, Real Estate/Distressed | Tagged , , , , ,

Distressed Homeowners’ Bill of Rights

Posted on by Phil Querin

Having counseled approximately two hundred Oregon homeowners drowning in negative equity, I have discovered that many, if not most, believe that somehow their lenders can literally swoop down and take not only their home, but all of their bank accounts, savings, retirement funds, and/or daily wages.  In truth, the only real power most banks have […]

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Posted in Deficiency Liability, Foreclosure, Legislation - Oregon, Loan Modifications, Market Conditions, Miscellany, Real Estate/Distressed, Short Sales, Strategic Default, Trust Deeds | Tagged , , , , , , , , , , , , , , , , ,

Oregon Foreclosure FAQs

Posted on by Phil Querin

Although there is an abundance of useful information on the Internet, it can become confusing to many.  So I thought I’d post some of the most common questions I receive.  It is my hope that perhaps those folks who are worried about a possible foreclosure of their home, will read this post and find that […]

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Posted in Deficiency Liability, Foreclosure, Legislation - Oregon, Lenders, Market Conditions, Real Estate General, Real Estate/Distressed, Tax Issues, Trust Deeds | Tagged , , , , , , , ,

Why People Are So Angry At the Lending and Servicing Industries – Part Two

Posted on by Phil Querin

The opinions expressed below are mine alone and do not necessarily reflect the opinions of PMAR, its officers, directors, employees or members.  If anyone should feel that any statements of  fact are incorrect, you are invited to discuss with me. – PCQ Oregon’s Trust Deed Foreclosure Law. It is widely known that during the credit/housing […]

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Posted in Foreclosure, Legislation - Oregon, Lenders, Miscellany, Real Estate General, Real Estate/Distressed | Tagged , , , , , , , , , , , ,

A Bad Day At The (Foreclosure) Mill

Posted on by Phil Querin

SLAM!  BANG! Her: “Honey, is that you?” Him: “Yeh.” Her: “Another bad day at the Firm?” Him: “Bad?  Hellish!” Her: “Is that alcohol on your breath?  Have you been drinking at Lucifer’s Lounge with the other associates again?” Him: “Yeh, it’s Friday, and we just go to shoot the breeze.  Everyone’s pretty stressed out these […]

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Posted in Foreclosure, Legislation - Federal, Legislation - Oregon, Lenders, Miscellany, Real Estate General, Real Estate/Distressed, Trust Deeds | Tagged , , , , , , , , , ,

Snippets

Posted on by Phil Querin

Read digestable summaries of real estate information on the national and local fronts in Snippets.

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Posted in HyperLynx, Miscellany, Real Estate General, Real Estate/Commercial, Real Estate/Distressed, Snippets | Tagged , , , ,

Loan Modifications – Illusion, Delusion & Confusion

Posted on by Phil Querin

After reading news articles and talking with Realtors and distressed borrowers, it has become more and more apparent that the federal government’s HAMP modification program is not working. Despite the administration’s “glass-half-full” pronouncements, the statistics tell the true story – an increasing number of distressed homeowners have concluded that their lenders’ offers of modification  simply […]

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Posted in Legislation - Federal, Market Conditions, Miscellany, Real Estate General, Real Estate/Distressed | Tagged , , , ,

Picking Poison – Distressed Housing Choices

Posted on by Phil Querin

Trying to select which distressed housing option you should pursue? Surprisingly, under certain circumstances, permitting the bank to foreclose may be the best option.

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Posted in Miscellany, Real Estate/Distressed, Urban Myths | Tagged , , , , , ,

Knowing The Score

Posted on by Phil Querin

In today’s real estate marketplace, credit is driving all lending decisions. And the bar keeps getting raised. But you can’t fix it if you don’t know it’s broken – or how badly it’s broken. You need to know what’s on your credit report and what your credit score is. Only then can you get started fixing it.

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Posted in HyperLynx, Miscellany, Real Estate General, Real Estate/Distressed | Tagged , ,
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