Michael Schneider
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  • New Haven, CT
  • United States
  • Connecticut
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Michael Schneider's Discussions

Deed in Lieu: How many have you worked?

Started this discussion. Last reply by James Miner Feb 27, 2012. 17 Replies

We all know what a deed-in-lieu is.  The question is:  How often does a DIL occur?  In 80 short sales, I have zero DILs, as far as I know.  I would like to know other people's experiences.  I have a…Continue

Judgment Liens!!

Started this discussion. Last reply by Michael Schneider Feb 1, 2012. 6 Replies

I thought I'd initiate a session to vent about the handling of judgment liens in a short sale process. There really is no good way to handle these liens.  You need to wait until you know the property…Continue

Short Sale Specialists and the SAFE ACT or the Consumer Protection Bureau

Started this discussion. Last reply by Wendy Rulnick Jun 30, 2011. 5 Replies

HUD announced the SAFE Act Final RULE today. …Continue

Two Names on Note, One on Deed: Who is on the contract and the HUD?

Started this discussion. Last reply by Lillie Handy Dominguez May 2, 2011. 4 Replies

Husband and wife on the mortgage note.  Husband only on the deed.  They divorced, she quitclaimed the house to him.  House is short.  SSA makes the sale contingent on bank approval.BofA is stating…Continue


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Michael Schneider
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Short Sale Negotiation, Portfolio Management , and Management Consulting

Deep background in Real Estate, Distressed Assets, Lending, Portfolio Management, and Default Services

Licensed in CT and NY.

Michael Schneider's Blog

Fannie HAFA: Foreclosure Alternative or Foreclosure Inducement?

Posted on June 2, 2010 at 3:22am 1 Comment


I read through the Fannie/Freddie HAFA programs released yesterday afternoon.

Overall, on first (and quick) read, the program reads like it was designed by analysts without a deep understanding of the issues and realities of the short sale process.

A program designed in the clouds for implementation here on planet Earth.

It may have the effect of reducing the return for transacting a short sale property, and therefore…


Payment to a subordinate lien holder to secure release

Posted on May 1, 2010 at 9:18am 5 Comments


There is lots of discussion regarding payments to secure release of various subordinate liens. Second mortgage, tax lien, HOA, water etc.

Anyone who works with short sales knows the problem.

And, one hears quite frequently: "It's illegal!! Clearly, a violation of RESPA."

I am not an attorney nor a RESPA expert, by any means, but I have actually read RESPA and parts of the CFR. I find no reference nor have I seen anyone cite a…


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At 1:56pm on January 29, 2013, Diana L Brandi said…

I can just stay on this web-site all day! So many intelligent people ,so much to learn,



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