Tag: short-sales

National Guard Sergeant Sues Citigroup Over Foreclosure (via Blog for ShortSalePartnering.com)

On By southwerkIn business ethics1 Comment

Another “patriotic” American corporation in action.

They wanted to foreclose his house while he was on active duty, so they cut a few corners like telling the judge in the lawsuit that he wasn’t on active duty.

Is there no shame with these people? How many times did they get away with this?

James Pilant

Lee’s comments: Many of you may know that I am a veteran of the US Army myself, having served twice, both post and prior to the tragedy of 9/11/01. If you’re not aware, there is a law which is supposed to protect against this happening. This is simply a HUGE oversight on the foreclosing bank’s part which further illustrates the foreclosing bank’s lack-luster approach to handling the foreclosure process. THEY SHOULD ABSOLUTELY KNOW BETTER! I can a … Read More

via Blog for ShortSalePartnering.com

What is Really Happening in the Foreclosure / REO Real Estate Process / Market? One Agent’s Point of View (via East Bay Real Estate: Caldecott Properties )

On By southwerkIn business ethics

I like this.

He asks, “When will we do the right thing for all Americans?”

I would like the answer to that question myself.

James Pilant

This is a great article and it sums up the mortgage crisis brilliantly. JP

What is Really Happening in the Foreclosure / REO Real Estate Process / Market? One Agent's Point of View Is it possible there is a corrupted process at the very top (wall street executives, wall street investors, bank executives, hedge funds, etc.) Here is a thought: We know banks are not willing to reduce the principle loan amount for owners under water. That can easily be measured by the number of completed loan modification that include a principal reduction. Very (very) few: About 49,000 of all the proprietary modifications completed reduced bot … Read More

via East Bay Real Estate: Caldecott Properties