Comment

Comment by Dianne Slutsky on February 28, 2011 at 4:08pm

Does anyone have the phone & fax number for Chase Home finance? I have a client who had a second discharged in Bankruptcy and neither the Recovery Department or the regular Chase department will acknowledge the existence of the loan since it was discharged.  Please let me know who we can contact to work on getting a lien release.  Thanks everyone!

Comment by Celeste ODea on February 28, 2011 at 3:38pm

Does anyone have Dustin Hoffman's email address at Chase?

Comment by Bettie Meadows on February 19, 2011 at 6:41pm

Yes Brian .My motto has always been "FMV is the best policy in offers". Thanks for reminding all professionals that it a fuduciary duty.of professionals.  

Comment by Thom Colby CA Brkr 888-391-5245 on February 19, 2011 at 12:23pm

@Brian Peters,

At first read it seemed like it was directed at RE Professionals collectively (perception is reality sometimes).  Thanks for the clarification !

Thom

 

Comment by Thom Colby CA Brkr 888-391-5245 on February 19, 2011 at 12:21pm

@Kevin -

 

SB931 is for 1st TD only.  Any subordinate TD is not covered.  I've closed 100+ SSs over the past 5 years and have had NO deficiencies sought post-closing on any position TD.

 

As for your statement below, I'm not an attorney.

 

UNCONSTITUTIONAL LAW IN CA?

Thom - bare me out on this one - California just passed a law restricting Californian's legal representation on mortgage fraud - unless the attorney's do it on a contingency or fee at end of lawsuit. Right? This must be unconstitutional!

Comment by Brian Peters Jr on February 19, 2011 at 11:13am

Malcolm,

 

Are you an attorney?

 

Brian

Comment by Malcolm McLean on February 19, 2011 at 11:07am

@Thom Colby

You are absolutely correct - and if this website and forum is seen as a catalyst, then Short Sale Superstars could have an issue.

 

QUESTION:

Also the SB931 - does not seem to cover HELOC's - only first TD's - so the second TD holder can come after the borrower? Not clear on that and you seem to be the legal eagle here! LOL!!

 

@Wendy Smith

Thank you for the link to the BofA lawsuit link.

 

NEW SCAM FROM ATTORNEY"S

I have noticed that there has been an increase of calls from 'attorney's' to my clients asking to represent them in this case or something similar for a fee of $5000.00 now and 30% contingency at end of case. I suspect a scam!

 

 

JUDGES ARE PART OF THE PROBLEM!

On the comments posted regarding Judges and defendants pleas'...

Judges are the ones that are part of the problem - don't kid yourselves!

 

Judges 'Rubber Stamped' all the fraudulent  'Robo Signed' documents!!!

 

They knew these could not have been audited before they were 'notarized' - and they did nothing! They do not care! All they want to know is if the signature was notarized so they are off the hook! That's the other side of this scam.

And where is Eric Holder and State AG's - chasing butterfly's!

 

UNCONSTITUTIONAL LAW IN CA?

Thom - bare me out on this one - California just passed a law restricting Californian's legal representation on mortgage fraud - unless the attorney's do it on a contingency or fee at end of lawsuit. Right? This must be unconstitutional!

 

@Kevin Lancaster -

I agree - the Administration has walked away from all of these problems and issues facing home owners - it's p to the attorney's to wade through and sort out this mess. We cannot wait for the government to do something - they are too inefficient and have washed their hands of this. It's in committee! LOL!!

 

Great website to check out: http://www.propublica.org/

 

BORROWER FRAUD  - ARE WE COMPLICIT?

While we are at it -  let's go after the fraudulent homeowners who refinanced and refinaced - spent the money, then walked from the home with the excuse that the bank would not short or modifiy them.

 

We all know them!

 

My building handyman refinanced his home 3 times and now owns 4 paid for homes in Guatemala City -  and walked from his overvalued, over leveraged home in LA and just shrugs his shoulders at the fraud he committed!

He boasts make him money, and that he will retire to when he leaves the USA!

 

Another true blue American client refinanced two of her income properties in Hollywood, CA and bought a retirement home in St. Croix - and wants to short sell the investment properties as she now has neg. cash flow without disclosing the Caribbean Island home!

 

When I tell her thats bank fraud and wire fraud she balks at me! LOL !!

 

QUESTION:

So do we have a commitment to turn these criminals in?

 

Or will we be complicit in the fraud by not disclosing these out of country assets?

 

Comment by Brian Peters Jr on February 19, 2011 at 11:04am

Thom,

 

I was speaking to professionals that were unlicensed. Licensed professionals should rely on their fiduciary duties of course. ;)

 

Brian

Comment by Janaya Goselin on February 19, 2011 at 10:21am

anyone have contact information for a manager in the Chase mitigation/negotiations in the MidWest office?

Comment by Thom Colby CA Brkr 888-391-5245 on February 19, 2011 at 10:11am

RE Professionals who collectively agreed to "stick together and low ball offers" or "lowball until accepted" could be acused and/or guilty of Anti-Trust / Price Fixing. 

Proceed very cautiously.....

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