The Loan Modification Department Lost My File . . .

Hearing a bank tell us that they don’t have the papers has become a standard part of our firm’s loan modification / loss mitigation practice. It’s either, “we didn’t get your fax”, or “we cannot locate the file” and even sometimes they admit they “lost the file.” Read more

Morality In The New Foreclosure Universe

The NY Times Magazine did an interesting piece on morality and foreclosures. This is a debatable topic with no clear answer. You can get widely varying opinions depending on who you speak to.

Here is the article:

The Way We Live Now
Walk Away From Your Mortgage!

Welcome on our new Homepage!

Welcome! This is our new Homepage. Fresh and modern as it should be for every restaurant 😉

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Bankruptcies Increased in 2009

Bankruptcies increased 32 percent in 2009
Last year was 7th-worst on record with over 1.4 million petitions submitted

Here is the article from MSNBC.com about the increase.

GOVERNOR PATERSON ANNOUNCES PASSAGE OF COMPREHENSIVE FORECLOSURE LEGISLATION

GOVERNOR PATERSON ANNOUNCES PASSAGE OF COMPREHENSIVE FORECLOSURE LEGISLATION

Bill Strengthens Protections for Homeowners, Tenants and Neighborhoods

Read the Press Release

The Agony Of Short Sales

The NY Times notes what a long and painful process a short sale can be. Here is today’s article.