Portland 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 StreetBig Banks – Too Big To Jail?
May 13, 2012 by Phil Querin
“To the dismay of many of Obama’s supporters, nearly four years after the disaster, there has not been a single criminal charge filed by the federal government against any top executive of the elite financial institutions.” Daily Beast, May 6, 2012. The Story. A few days ago, an interesting post appeared on the news and […]
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Posted in Financial Crisis, Foreclosure, Legislation - Federal, Lenders, Market Conditions, Miscellany, Real Estate/Distressed | Tagged Bank Ethics?, Distressed Transactions, Financial Crisis, Foreclosure, Lawyers, Market Conditions, Real EstateSlapdown! – In Re: Jones v. Wells Fargo Home Mortgage, Inc.
April 21, 2012 by Phil Querin
“Wells Fargo’s conduct is clandestine. Rather than provide Jones with a complete history of his debt on an ongoing basis, Wells Fargo simply stopped communicating with Jones once it deemed him in default. At that point in time, fees and costs were assessed against his account and satisfied with postpetition payments intended for other debt […]
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Posted in Financial Crisis, Foreclosure, Legislation - Federal, Lenders, Market Conditions, Miscellany, Real Estate/Distressed | Tagged Bank Ethics?, Bankruptcy, Banks, Distressed Transactions, Financial Crisis, Foreclosure, Lawyers, Mortgages, Piggy-Back Loans, Promissory NotesEthics For Dummies [Big Bank Edition]
April 8, 2012 by Phil Querin
“All things considered, I think I’d rather be a poor lawyer than a rich banker. At least the legal industry has ethical rules and disciplinary sanctions. Big Bankers have nothing. Money is their Holy Grail.” Anonymous (sort of….) In reviewing several mission statements for Big Banks, the reoccurring theme seems to be that we […]
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Posted in Financial Crisis, Legislation - Federal, Market Conditions, Miscellany, Real Estate/Distressed | Tagged Bank Ethics?, Banks, Financial Crisis, Lawyers, Mortgages, Real EstateAnother MERS Slapdown! The Recent James Case Analyzed (Part One)
March 5, 2012 by Phil Querin
“In Roman mythology, the god Janus, for whom each year’s first month is named, was the deity of beginnings and endings. According to legend, the titan Saturn gave the two-faced god the power to see both the future and the past. Romans carved both of Janus’ two faces on gates and doorways to solemnize momentous […]
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Posted in Financial Crisis, Foreclosure, Foreclosure Mills, Legislation - Oregon, Lenders, Market Conditions, MERS, Miscellany, Real Estate/Distressed, Servicers | Tagged Banks, Distressed Transactions, Financial Crisis, Foreclosure, Lawyers, Legislation - Oregon, Market Conditions, MERS, Mortgages, Oregon, Promissory Notes, Real Estate, Trust DeedsOregon’s Lender Lobby – The “Gut & Stuff”
February 21, 2012 by Phil Querin
Well, the stealthy lending lobby is up to its old tricks. Just as they did in the 2011 Oregon Regular Session, they prefer to work quietly in the cloak room. But should we be surprised? Honest work can be conducted in the open, only those fearing detection, confrontation, and truth, operate in the shadows. Senate […]
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Posted in Financial Crisis, Foreclosure, Legislation - Oregon, Lenders, Loan Modifications, Market Conditions, MERS, Miscellany, Real Estate/Distressed, Servicers, Trust Deeds | Tagged Banks, Distressed Transactions, Foreclosure, Lawyers, Legislation - Oregon, Market Conditions, Mortgages, Oregon, Servicers‘Living Wills’ For Big Banks?
January 22, 2012 by Phil Querin
It 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 […]
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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 EstateBelial Bank Conference Call Discussing The Goodrich Decision & MERS
January 8, 2012 by Phil Querin
As 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 […]
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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 NotesSharpe vs. Wells Fargo Home Mortgage – A Critical Analysis
December 26, 2011 by Phil Querin
Hypocrisy: [c.1200, ipocrisie, from O.Fr. ypocrisie, from L.L. hypocrisis, from Gk. hypokrisis “acting on the stage, pretense,” from hypokrinesthai “play a part, pretend….” Online Etymology Dictionary] Example: When banks lend money today, they demand absolute transparency of their borrowers. Every “T” must be crossed and “I” dotted. Signatures, income, credit, employment, all must be verified and re-verified to the nth degree. But […]
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Posted in Fannie&Freddie, Financial Crisis, Foreclosure, Foreclosure Mills, GSEs, Legislation - Oregon, MERS, Miscellany, Real Estate/Distressed, Servicers, Trust Deeds | Tagged Banks, Distressed Transactions, Financial Crisis, Foreclosure Mills, Lawyers, Legislation - Oregon, Market Conditions, MERS, Oregon, Promissory Notes, Trust DeedsMemo From Holmes Knott Furr Long, Attorneys at Law – RE: Office Party Tips
November 27, 2011 by Phil Querin
TO: All Lawyers, Paralegals and Secretaries FROM: Personnel Dept. SUBJECT: Upcoming Holiday Party We know it’s been a hard year for all of you. Many of our secretaries have developed Carpal Tunnel Syndrome due to the long hours of repetitive robo-signing. Our paralegals have had to do double-duty, working for one or more attorneys and […]
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Posted in Foreclosure, Foreclosure Mills, Miscellany | Tagged Financial Crisis, Foreclosure, Foreclosure Mills, Lawyers
