New MERS Mortgage Settlement Impacts Borrowers Nationwide

This Settlement will Impact Banks and Borrowers Nationwide blog.hsh.com | July 19, 2012 By Peter Miller Perhaps the most convoluted and unresolved issue created by the mortgage meltdown concerns not mortgage rates or amortization, but the central question of who owns your mortgage and where it can be found. The state of Delaware recently settled a lawsuit with Merscorp Holdings Inc., who operates the Mortgage Electronic Registration System (MERS). The agreement sparked a deal that…

Foreclosure Short Sale Home Owner Analysis Checklist

Foreclosure Short Sale Prospect Home Owner Analysis Checklist? Below Is A Foreclosure – Short Sale Prospect analysis checklist to determin if the home owner is a short sale prospect or a foreclosure candidate. 1. Can the home be sold for enough to pay off what the Seller home owner owes on it before foreclosure? 2. Does the Seller home owner have the means to solve their situation on their own? Do they have money sitting in a bank…

10 Reasons Real Estate Agents Shouldn’t Do Short Sales Yourself

10 Reasons: Professional Real Estate Agents, Realtor, Shouldn’t Do Short Sales For Mortgage Relief 1.  You, the professional real estate agents, realtors, must have a Buyer to begin a Short Sale with the Lender. 2.  Short Sales take a long time to negotiate.  You risk losing your Buyer because Buyers want to buy NOW! 3.  Short Sales take a lot of time and effort.  To be a successful Real Estate Agent, you must list and market…

9 Step Mortgage Process Disclosed

There are nine steps to a mortgage loan and payoff. Some mortgages are, about 99%, questionable and have been initiated, bundled, securitized, and sold by your lender or bank. The questionable activity is when you gave your lender a loan… when you signed your promissory note and did not know that you actually gave the loan to your lender first and the lender gave it back to you as a loan to avoid Federal Income…

Secrets Your Mortgage Lender WONT TELL YOU!

The Dirty Little Secrets that your mortgage lender does NOT want you to know to Keep Your Home! Your mortgage lender has conned and lied to you! Mortgage Lenders do NOT keep their mortgage and notes, but instead they sell the note through “fractionalized” mortgage-backed securities to mostly Wall Street investors. You know the ones with your tax paying BAIL OUT MONEY!. (“fractionalized” means the note was divided into hundreds of pieces, repackaged, and then…