Comments on: The $26 Billion Foreclosure Settlement: Who Won? Who Lost?

By: bre

bre — Tue, 21 Feb 2012 15:16:29 +0000

I am curious if there were any bank payouts to law firms for this law suit? Or were the state attorney generals the only legal entities in these law suits? In the tobacco law suit there were legal firm(s) that took hundreds of millions of dollars….while very little went to the state. Also, I recently saw a short sale where the Seller was “forgiven” of $200,000 of mortgage debt for his primary home and at closing given a $20,000 hardship “gift”. How do I negotiate this type of windfall gift for my other short sale Sellers. The large short sales bank gift was from Chase. Every bank has their own way to pick winners and losers? As a real estate agent, my biggest problem with the law suit, loan modification, short sales – hardship awards on short sale HUD sheets – is that there does not seem to be any consistent formula to choose who is a winner (gift of $20,000) and who is a loser (banks push Sellers into foreclosure – because they will not accept a short sale contract!) —- To the Banks: 1.Please help agents close the short sales and move this inventory of homes to people who can afford them. 2.Try to have a uniform way of doing business. Save the hardship awards of $20,000 for our military personnel, since the military expects the men and women to move every 3 years…which has caused them hardship if they cannot sell their home. 3. Do not send out $2-3000 in hardship to everyone who has lost their home. Some people committed fraud to obtain these loans. This sends a very bad message out to homeowners who purchase homes they “could”afford and continued to pay their mortgage. 4. Vet your future Buyers and do not make loans to people who cannot afford them……I recently spoke to my accountant who told me he has seem some clients of his get loans recently – that probably should not have gotten them. Let’s stop adding to the problem. Fix the problems and teach Borrowers by allowing them to have a loan after they pay their bills…the formula really is not that difficult.

By: Unanswered questions in states’ foreclosure settlement – OregonLive.com | Attorney Myrtle Beach

Mon, 20 Feb 2012 23:02:44 +0000

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By: john

john — Mon, 20 Feb 2012 18:11:56 +0000

Thank you for the post.
Is seems your analysis is on to something as depicted in the accompanying graphic. The reason for the rank is the third place finisher, out of the three on the podium, is the only one who didn’t take the necessary elixir known as cohesive power, a vital ingredient for the race. The power of cohesion is what the last place podium finisher needed to compete.
The first place winner is a lock-step clot. Lots of elixir. The second place finisher might have been a little light-headed going in, but that competitor had about half of his trainers colluding with the first place winner. They spiked their guy’s elixir because they placed so many secret side bets at casinos around the nation.
Third place has an uncomfortable feeling the race was rigged but the other two team handlers are fairly confident he or she is too weak-willed to make the charges stick.

By: Foreclosure Filings Pick Up Steam

Foreclosure Filings Pick Up Steam — Mon, 20 Feb 2012 06:59:00 +0000

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By: The $26 Billion Foreclosure Settlement: Who Won? Who Lost? « Structured settlement buyer for comprehensive information blog

Mon, 20 Feb 2012 06:09:38 +0000

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By: The $26 Billion Foreclosure Settlement: Who Won? Who Lost? | Structured settlement investments related to the comprehensive information

Sun, 19 Feb 2012 21:53:08 +0000

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By: The $26 Billion Foreclosure Settlement: Who Won? Who Lost? « Structured insurance claims related to Integrated Information blog

Sun, 19 Feb 2012 19:13:09 +0000

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