Shortsalenurse's HAFA Blog

April 19, 2011

Short Sale Realtor VS. Bank of America, Realtor puts them on the Ropes! KNOCK OUT PUNCH?

In a Few Days

It’s Coming! Another Video!

UPDATE!!!!!!!!!!!!! From First Post April 19th.

Friday, June 6 th!!

First the Video then the update

A MIRACLE HAPPENED!  

I do have an update on one Transaction, the Freddie Mac Loan….At the end of the Day today June 6th they approved the Short Sale but I am still waiting on the other file, I don’t know where the Loan Modification Stands.  There will be more follow up on this… stay tuned.

I am going to leave the  letter  posted below just as it was written and sent to many parties including Congressmen,   during the process of helping this client.  It will most likely come down in a few days.  I recently hit a National Blog and this video started it’s viral process one more time.  Here is a link to the blog, this brought thousands of views. 

http://www.godlikeproductions.com/forum1/message1516757/pg2

Mr. (*&(&(*& )(*)(*)(*):
Senior Vice President, Loss Mitigation
Bank of America

Sometimes emotion can get over wrought and focus is lost, but sometimes that same emotion can bring a clarity that pushes someone into action that saves lives.  I know this for a fact having worked in Law Enforcement and experienced that action.

Law enforcement personnel are always aware of  public ire and the personal exposure to criminal behavior brought on by malfeasance.  Needing to take action but refusing.   I have decided I will not be accused of malfeasance.  Strong advocacy for my clients and community is my duty and thus your about to feel some emotion, let’s see if I can share some passion.

I brought two transactions to your attention in a video at www.HAFA.us.  One was a Freddie Mac short sale and the other a twin tracked Fannie Mae Loan Mod failure and possible reconsideration or movement into HAFA which was not offered to the client, which is the GSE mandate.   I do not have answers on either of these transactions, it’s been over 30 days.  That does not count the time it sat with your associate Mr. B(*&(&( or Mr. S(*&)(&(&(*&r who suggested I send the file to the Mortgage Side to get the Branch involved. More on steering later.

I am losing it, not enough passion, lets kick this up a notch.  Your Bank is a total failure you are failing the American People the regulators and real estate professions and in the process your costing our country billions of dollars.  We should lock your doors and put you all on the unemployment line and let you feel what it is like to not be able to get out from under the thumb of the worst Bank in the United States.  To fully comprehend the importance of timely action, your team needs to feel the same pain my clients do.  Now I am starting to feel like I am catching a groove, are you feeling how I really feel about what your doing to my clients?

Right after our last correspondence I gave my (*&(& Street transaction to the most capable of professionals to handle in concert with your  Mr. David (*&(&(*&)( and Mrs. C(*&(&(& *****   so there would be full objectivity and I would not be accused of being incompetent. Late today, I found out that your HAFA subcontractor has lost the file or can not see it in Equator, they are looking for the purchase offer.  This is coming from the Escalation Officer at AMS.

This of course means after you issued instruction to escalate these files it has taken 30 days to even look at the file.  I say break out your CHECK BOOK, FREDDIE MAC IS OWNED SOME MONEY.. and by the way I did my job and I want my commission.  Does your company have no shame?  Do you have no liability for reckless abandonment of these files?  Pay me and fix my client’s credit, which you continue to damage!

My Broker of Record who is receiving a copy of this correspondence can personally vouch for the person who has been working the file. The  incompetence of your Bank is not invented and I don’t think questioning the ability of the people who took over the “hands on” of this file is a good strategy to consider.  Fixing the file is not only a better plan it is the only course of action you can take if your to meet your duty to the investors, the GSE and thus the tax payers.  By all mean I encourage you to call my Broker of Record.  I am sure he will tell you,  I am the first to arrive and the last to leave my the office.  I am tireless in trying to help my clients.

If you are testing the ability of advocates to bring timely action, I personally am up to the challenge.  I have not one single thing that I can not afford to lose.  In fact, inasmuch as your quickly destroying our market and the Real Estate Professionals desire to commit to selling your short sale stock, your own inaction will be what rushes you to failure.

I think it was Socrates that said;  “the only thing I can contemplate which could hurt you more than a lie, is the truth.”   Where the truth can not go maybe a Congressional inspired audit or hearings could help. How many loans are you doing this to?  Do you really think you should be handling Fannie Mae and Freddie Mac loan servicing?  These are Public Loans should we be paying for your incompetence?

As you reflect on this tirade, you may want to get your hands on the list of files I gave Mrs C*()(*_* & &)__ ^%$ .  You have more problems headed your way, I want resolves, my clients are not expecting lip service from me.  They contracted with me for results, that is what I owe them.

In contempt for your inaction, the files land on your desk, good managers own the problem, what kind of manager are you?  Tell me do my clients deserve better than your company is providing?  I think they do.

George Kenner

The link to the video for quick posting to Facebook is below!

http://youtu.be/Mf1qacDNT88

This is the link to the Video’s of the Bank of America VP.

www.HAFA.us/navigate1.htm

All marketing done with the assistance of Kalabash Marketing

Good night Mrs. Kalabash where ever you are!

George Kenner, Broker Associate Keller Williams Realty, Lic. 01229957

Contact George at 619-723-5714  or email  g.kenner@yahoo.com

Mrs. Kalabash if there is ever a chance you will see me again, now is it, so here is a secret message just for you.

Realtors Get HAFA Certified as is Recommended By

the California Association of Realtors.

Get Ready Something is coming!

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April 15, 2011

Short Sale God of Truth, Reports on Bank of America

It’s about 5:30am here on the west coast and I forgot to do something, turn my Black Berry to silent mode.  It just woke me up a little early  with an E Mail Message from Bank of America.

The Greeks believed that there were multiple Gods that controlled everything in the earthly realm. Thinking of that,  the “God of Short Sale Truth” wanted me to know early this morning that the same case I mentioned below, where Bank of America lost the file for Freddie Mac and cost tax payers thousands of dollars, as we are backing Freddie Mac losses,  was declined.  But they did not want me to know why!

I guess for the rest of the day I will be fighting to get them to listen to logic, or more importantly, figure out why this was declined.   With this new improved  data system they are using EQUATOR.com  their is no telling.  Looking inside the system there is no reason posted and the link to the e mail for the negotiator is broken, it routes me to an error.     Now I  don’t want to be accused of “piling on” or “roughing the banker” and get a penalty,  but after all I can prove that they lost this file for 90 days, costing everyone more than was necessary.   Well there is the exception of Bank of America who is getting paid as the Servicer, they are profiting from this.   But let’s see if they make good on the MONTHS of payments that were missed while there was an offer on the table and  it was lost in their system.    Maybe our Congressmen can find this out for us.  Who wants the loan number, maybe the President of Freddie Mac?  I personally don’t feel like paying Bank of America to screw things up.  Maybe if this cost them they would take this serious, peoples homes and lives are involved here

If Bank of America just made a mistake,  and this is still in process I will let everyone know, that is only fair but if it is like the Deed in Lieu my clients are waiting for it could be some time before I even know.  Will the foreclosure happen before they answer.  We will see.

FAIRNESS UPDATE….. FAIRNESS UPDATE….. FAIRNESS UPDATE

Friday at aprox 9:35 am, Pacific Standard time.

After arriving to work I found out that a pending trustee sale on the above mentioned property was canceled.   Now why stop a sale on a denied file.   MAYBE THIS HAPPENED because of what I call Blog Magic.  Did Bank of America finally figure out that this is a very problematic file and that  they can contribute the amount of money they lost for Freddie Mac could help off set this.  At least in my opinion they owe something into this transaction… CALL ME B  of A and lets discuss this….

All Marketing is done with the assistance of Kalabash Marketing

Good Night Mrs. Kalabash where ever you are.

George Kenner, Broker Associate Keller Williams Realty

lic. 01229951

g.kenner@yahoo.com – 619-723-5714

www.HAFA.US

Bank of America on Values.. How Ironic…Can they get anything Right?

What a day today was,  I attended a client meeting with a Bank (Wells Fargo / Wachovia ) who sent out a Short Sale Manager to explain the process to one of my clients who did not qualify for a loan mod.  It was polite, friendly, no hard feelings, just  and explanation of what the process would be like.  I think there were five financial questions that were asked and answered.  A review of property condition was made and their was a brief discussion about the general price range.  FUNNY the bank agreed with my approximate estimate of value, on the listing agreement, I presented.   I was not trying to cheap sell the home,  NO FUNNY BUSINESS.

With that done, I rushed to Mission Valley to a National Association of Hispanic Real Estate Professionals “Lunch and Learn” with  Bank of America. One of the Vice Presidents of Loss Mitigation spoke to the group and answered some questions.    (I asked no questions.)   It seemed  ironic that he would speak about values, knowing I had numerous valuation problems with the  B of A  system.   I am going to post in video format what he said.

Note that he speaks of the condition of the property, and knowledge of it.  Frankly,  if Bank of America would send out someone to review the condition and meet with the borrower like Wells Fargo / Wachovia and not again beat the client to death with more and more paperwork requests  maybe  they would close more deals.  But even when invited they will not send out a representative nor will they release reports made by appraisers or agents.  Got to keep that stuff TOP SECRET…

I have a Bank of America Transaction where I have the appraisal (they gave me by mistake)  that says the  market value after 30 days is $340.000.00 but they will not take that price.   And HERE IS THE SHOCKER.. They meaning the BANK OF AMERICA “portfolio”  is the owner.  The MERS numbers match on the Trust Deed and Registration System,  they are the Servicer and Investor.   And if they are not the owner they are playing lose and easy with accounting, and portfolio inventory, something  our regulators should be looking at.   OH….. Lets add some insult to injury this is a HAFA Transaction where we the taxpayers are paying $3000.00  to the Bank who refuses to market their property at their own appraised value.  Will Treasury like this?  I bet not! Is there a motive not to book this loss?

Now given that, you would think Bank of America would want to reach out to me and take a look.  But no one listens.  I have shared this with the CEO and what is supposed to be the number 3 guy at the bank and nothing.  I shared it with this Vice President today  and still silence.   Every day of silence just makes this worse for them and they don’t seem to care.   When this property hits market and it is discovered we as taxpayers paid them $3000.00 in HAFA money to do this, there should be all “infierno” to pay.

So when someone asks me what the name of my favorite Bank is  and I don’t include their name, well it should be understandable.  Maybe there is just a failure to communicate.  Maybe I will still get a call and feel differently, who knows maybe they will want to reward me for showing them a hole in their system.   But then maybe they are acting like the Wall Street group the Senate just took to task.  Maybe we need to fully trust these guys…. NOT! Banking practice is a Community issue and regulated, open policy on this is vital to our Country’s interest and part of our history.

This Vice President  also a mentioned of fiduciary duty to investors.  Tell me Bank of America, if you don’t respond for 90 days on a short sale loaded up in Equator and its and GSE loan do you meet the duty to the investor and redeem them for your inability to do your job, or is your fiduciary duty only limited to taking properties back as a foreclosure agent?   Because if you want to just get a hold of Freddie Mac and write them a check for the file you ignored, I got a loan number for you, and a string of E mails to prove it.  Freddie Mac owes the taxpayer lots of money, do you want to do what is right or is this about PROFIT?

I could go on an on but let’s see if I get a call before I go to a full video presentation for my clients and the community.  Just like you, Bank of America,  I have a fiduciary duty to clients.   And I love my community and the Tax Base just enough to get real vocal on this.  Bank of America you are of course welcome to respond right here, just give me the text or video you want to contribute.

CALL ME   George Kenner, Broker Associate Keller Williams Realty

619-723-5714 – g.kenner@yahoo.com

All marketing done with the Assistance of Kalabash Marketing

Good night Mrs. Kalabash where ever you are.

A little humor Bank Vice Presidents make poor loan police.

April 13, 2011

Time for a Duel with Bank of America? Do they think I will go away?

Yesterday I posted a  BLOG ENTRY deleting the name of the  BANK. I hoped they would get back to me and make some meaningful progress for my client.  IT HAS AFTER ALL BEEN ONE YEAR WITHOUT PROGRESS. E MAILS WERE ROUTED AND NO RESPONSE CAME. I tried to explain I was  NOT BLUFFING, I did not want to embarrass anyone but they did not respond so HERE IS THE NAME OF THE BANK.  They must be proud of their actions.

BANK OF AMERICA.

Another round of E mail invitations to discuss my client needs is being routed to the  CEO, Mr. Moynihan along with notice this  blog entry has been posted.  You will note that I asked in the e mail string  (below) who the investor was.  Today I discovered that BANK OF AMERICA is the Servicer and Investor.  YES, Bank of America…. why are they doing this to my client? I think I know and I am going to be sharing my theory,  in formal complaint, if I do not get a satisfactory answer and or resolve for my CLIENT.

I am currently planning a video address to the  CEO of B of A,  I am either going to see this fixed, with fair Credit Reporting  done for my client or I am going to suggest that he  distribute  Scarlet Letters to the Managers that did this.  I will not see a Bank damage my community, especially a Bank that implies by its name it is AMERICAN, without exposing it for what it is doing.

As you read this Mr. Moynihan I don’t bluff except when I do, this was  not one of those times, someone should have called me today. Look at the PDFs that I sent to Mr. B.  maybe we can resolve this before Video Time and posting at www.HAFA.us. (even more exposure than here)   Also please make special note to the text in green font at the bottom of yesterdays message.

Please do not call tomorrow between 10:00 and 11:00 Pacific Standard Time,   I will be at coffee with the most beautiful escrow officer and will not be able to take your call.

Here was yesterdays entry!

Short  sales as they are currently  set up are like a duel,  Realtors want to be nice to everyone and present a “Win Win” situations but  they are duty bound to protect the interests of CLIENTS, not the bank, who can not see heads from tails though the stupidity of their own short sale systems.   Thus the most effective of us (Realtors) flirt with disaster every day.  Well here is to flirting with danger.  I am going to post a note that went to two Senior Vice Presidents of a Major Bank and their Contractor today.   Let’s see it they want to fix this for my client or if they want to me address the CEO in a video clip here at the BLOG.  Of course there will be an appeal to my 5 area Congressman to investigate, this lender in the clip.  If  the video goes viral who knows maybe it will be the dueling shot that brings attention and a full audit of this lender’s servicing practices.  They are after all a Federal Savings Bank, permitted by the Federal Government, and they are doing this to Fannie Mae and Freddie Mac assets and they owe the us Tax Payers a few Hundred Billion at this point.  I say that is enough of a reason for an audit, and penalties if any are due.

Time for the excitement,  here is a copy of the last string of the letter……  The name of the Bank is eliminated at this point.  But in the NEXT STING if it is necessary I will post the BANK and Contractor Name.   You want to harvest something from a BLOG here is something to reap, after all you sowed it.

Mr. B      (Sr. VP. Bank of AMERICA)
Mrs. B    (G. Moss, HAFA Contractor for Bank of America)
Fellow Professionals:
I got a call by someone at 1-800-000-0000 ex 2773 they left a message, in a voice mail message, stating they needed to talk to me in regards to the letter of April 07. (possibly this e mail letter thread).  I have tried to return the call all morning but there is no ability to leave a voice message.  (Possible System issue you would like to look at)
If you have some update please let me know.  I would of course still like to bring this to a close, on a sale, as would my client.  I think that the silence relative to the evaluation of the current offer is a statement that the investor wants it back.  Who is the investor? I would like to talk to them.  Are you going to offer my client some additional incentive and possible correction to his credit report for all of this delay.  You have squandered months of credit reporting time on this,  when he was doing all he could.
In my opinion he should not ever be shown more than 4 months late on his mortgage.  In fact inasmuch, no contribution in any amount was asked for in the SSA even the 4 months of delinquent reporting could be unfair.  He has done all he can for both the servicer and the investor.  I have been able to achieve this type of correction on other HAFA transactions, most recently with (Name Omitted)  Mortgage.
If there is some reason for me go slowly with this, maybe one of you could reach out to me personally, if not I plan on posting a copy of this letter chain on the blog.  I find it grossly unfair not to offer multiple warnings before bringing Banks  conduct about this to a VIDEO.  Video if properly staged can be far more effective.
As I have promised my Broker of Record, I have to ask; Do you have any REO Business for me?  Maybe this correspondence will prove that I follow up and I try to obtain the most positive results for all parties. But when I represent someone if I have to get inventive I will, it is my duty.
Respectfully,
George Kenner
Broker Associate
Keller Williams Realty
www.HAFA.us
619-723-5714
lic. 01229951
All Marketing Done with the Assistance of Kalabash Marketing
Goodnight Mrs. Kalabash where ever you are.
Secret Message to Mr. Moynihan
A man that has nothing to lose can not lose!


April 12, 2011

You are not the Keystone Cops and I am not Bluffing!

Short  sales as they are currently  set up are like a duel,  Realtors want to be nice to everyone and present a “Win Win” situations but  they are duty bound to protect the interests of CLIENTS, not the bank, who can not see heads from tails though the stupidity of their own short sale systems.   Thus the most effective of us (Realtors) flirt with disaster every day.  Well here is to flirting with danger.  I am going to post a note that went to two Senior Vice Presidents of a Major Bank and their Contractor today.   Let’s see it they want to fix this for my client or if they want to me address the CEO in a video clip here at the BLOG.  Of course there will be an appeal to my 5 area Congressman to investigate, this lender in the clip.  If  the video goes viral who knows maybe it will be the dueling shot that brings attention and a full audit of this lender’s servicing practices.  They are after all a Federal Savings Bank, permitted by the Federal Government, and they are doing this to Fannie Mae and Freddie Mac assets and they owe the us Tax Payers a few Hundred Billion at this point.  I say that is enough of a reason for an audit, and penalties if due.

Time for the excitement,  here is a copy of the last string of the letter……  The name of the Bank is eliminated at this point.  But in the NEXT STING if it is necessary I will post the BANK and Contractor Name.   You want to harvest something from a BLOG here is something to reap, after all you sowed it.

Mr. B      (Sr. VP. Bank Name Omitted)
Mrs. B    (Bank Contractor Omitted)
Fellow Professionals:
I got a call by someone at 1-800-000-0000 ex 2773 they left a message, in a voice mail message, stating they needed to talk to me in regards to the letter of April 07. (possibly this e mail letter thread).  I have tried to return the call all morning but there is no ability to leave a voice message.  (Possible System issue you would like to look at)
If you have some update please let me know.  I would of course still like to bring this to a close, on a sale, as would my client.  I think that the silence relative to the evaluation of the current offer is a statement that the investor wants it back.  Who is the investor? I would like to talk to them.  Are you going to offer my client some additional incentive and possible correction to his credit report for all of this delay.  You have squandered months of credit reporting time on this,  when he was doing all he could.
In my opinion he should not ever be shown more than 4 months late on his mortgage.  In fact inasmuch, no contribution in any amount was asked for in the SSA even the 4 months of delinquent reporting could be unfair.  He has done all he can for both the servicer and the investor.  I have been able to achieve this type of correction on other HAFA transactions, most recently with (Name Omitted)  Mortgage.
If there is some reason for me go slowly with this, maybe one of you could reach out to me personally, if not I plan on posting a copy of this letter chain on the blog.  I find it grossly unfair not to offer multiple warnings before bringing Banks  conduct about this to a VIDEO.  Video if properly staged can be far more effective.
As I have promised my Broker of Record, I have to ask; Do you have any REO Business for me?  Maybe this correspondence will prove that I follow up and I try to obtain the most positive results for all parties.  But when I represent someone if I have to get inventive I will, it is my duty.

Respectfully,
George Kenner
Broker Associate
Keller Williams Realty
www.HAFA.us
619-723-5714
lic. 01229951

All marketing done with the Assistance of Kalabash Marketing

Good night Mrs. Kalabash where ever you are.

Tonight’s Secret Message to Mrs. Kalabash, No BANKER EYES ALLOWED!
Where were you when your client’s needed you *%$# …..?
OUR COMMUNITIES NEED YOU TO BE MORE PROFESSIONAL NOW!

April 9, 2011

60 Minutes Rocks the Forclosure World Again..

This problem is not going away. The “Short Sale System” has  to improve to take care of this human made disaster.  A boon doggle  that Bankers need to take responsibility for .  Listen to the Head of the FDIC at the end of this RECENT VIDEO. (If you have to sit through a few YouTube advertisements this vid clip is worth it!)

Logic may point to SHORT SALES  and the incentives to do them growing.  I know of a  story that is still developing, one that I am just about to BLOG.  (RANT)   I know of a Bank that is taking months just to take back a property after the clients agreed to give it up.   This is not right and clearly the Deed in Lieu process at the end of HAFA is not impossible to do.  It is very near the time to give  out the name of this  lender, and their contractor.    Is it time for the FEDS to come in and break up one of these SUPER LENDERS that are making records profits when even the Government is losing money?  Treating my clients in good faith is mandatory, or I am going to speak out for them.  I will yell from hill and dale and to any Senate or Congressional Committee that will listen.  THIS IS JUST WRONG!

Just like  the story featured in this 60 minutes clip the BANK I am about to expose  is hiding behind a Contractor who will blame another contractor and on and on.  Bottom line we have to bring PROFESSIONALS with Authority to do Short Sales into the industry.  Maybe it is time for me to put in a few job applications because someone is about to take some blame.  I  feel some job losses for Bankers who have seen fit,  not to  take action.  If we can put man on the moon we can fix this problem!  We just need the right people in charge! Right now it does not look like we have the right people at the helm.

All Marketing done with the Assistance of Kalabash Marketing

Good night Mrs. Kalabash where ever you are.

g.kenner@yahoo.com – 619-723-5714

George Kenner, Broker Associate Keller Williams Realty, Lic. 01229951

Realtors now is the time to consider Getting HAFA Trained, this is not going away.

Keep a secret don’t share this with Mrs. Kalabash!

April 6, 2011

Trash Talking Between Professionals, or the REAL TRUTH, Look and you be the Judge!

About a week ago The East San Diego County Board of Realtors hosted a Short Sale Seminar / Panel / Training.  These are a few clips from one of the video cameras that was rolling.  This first video is of George Kenner Broker Associate at Keller Williams in La Mesa.

This next clip is Terry Hammel (Broker) who has done HUNDREDS of Short Sale Negotiations.  Hear what he thinks about HAFA Training.  Good , Bad or Indifferent, you will only know if you listen.

We were very lucky to have Rayman Mathoda of Asset Plan USA the leading HAFA Trainer in the United States.  Rayman  is a well-known figure on the National Real Estate Scene, consulting for both industry and Government.

All the panel members  were asked what the most important aspect of all short sales are.  This was George Kenner’s answer.

All marketing is done with the assistance of Kalabash Marketing

Goodnight Mrs. Kalabash where ever you are!

 

Shoosh… this is just a secret message for Mrs. Kalabash

George Kenner Broker Associate Keller Williams – Lic. 01229951

619-723-5714  — g.kenner@yahoo.com

April 4, 2011

NATIONAL ASSOCIATION OF REALTORS – Speaks out – Listen to the Strong words of Dr. Yun.. He does not Tip Toe Thur the Tulips.

If you are really interested in what is being said at the leadership levels of Real Estate take some time and watch this, 43 minutes of magic.   I think Dr. Lawrence Yun a Senior Vice President of the National Association of Realtors nails it.  But they say when you have the “Hammer of Knowledge” in your hand everything looks like a NAIL.

Thank you Lawrence, you inspired me to take a little more aggressive step towards exposing what I am seeing… Should I name names? When there is a pattern of incompetence should we speak to the court of public opinion? Don’t waist another moment click the link below.  Watch this video!

http://www.c-spanvideo.org/program/Stabilityof

Read Dr. Yun’s bio here.

Now,think about this, Dr. Yun is out working on CSPAN on Sunday talking about Fannie and Freddie and addressing issues beyond just how rosie the market is.  I can smell a more pungent air of discontent from Realtors… Can You?  Is now the time for you to reach out and talk to your Congressman.

All marketing is done with the Assistance of Kalabash Marketing

Good night Mrs. Kalabash where ever you are.

George Kenner Broker Associate Kenner Williams Realty

619-723-5714  – G.Kenner@yahoo.com

HAFA Is not going away, get your HAFA Training here.

www.HAFA.us bringing you the best news first!

Don’t tell Mrs. Kalabash about this secret hidden message

April 3, 2011

Financially Troubled Homeowners Have Very Little Hope, But How about Promissory Estoppel and False Advertising

I can empathize  with someone shopping for a short sale Realtor, they are lost in the confusing world of Government Programs, rules & regulations and Banks that seem to be above the law.   The same banks that NEVER lose mortgage loan applications but can not keep track of a loan modification package if their lives depended on it.

You feel just like the other  7 million Americans who are in a default on their loans, many of who are dealing with credit problems because of unemployment.   Some hopeful people say change in on the way, I for one have always felt like the change I fought for arrived after it was too late for me to take advantage of it.  But the good fight is and always will be the good fight.

I am still trying to figure out how the Banks on a good percentage of the loans that they service are ignoring the HAFA protocols without a penalty. In one case I know of,  in Riverside County a client did everything necessary to obtain HAFA benefits and was ignored.  This happen in a case where the loan was backed by one of the big Government Sponsored Enterprises, who state they made the HAFA program mandatory.   The sad thing about this case is I was directly involved.   I want to name names so bad, but I am still waiting for this case to resolve.  This family had 3 children all under the age of 5 and the father was fighting for a job, his family and a little dignity.  Just when he thought he had it figured out, and could see firm footing on the  pathway it was snatched away from him.  The financial $3000.00 benefit was taken and the credit reporting now will show a foreclosure.  That is just plain “WRONG.”

I am seeing more and more cases where what is advertised in the HAFA program is not coming out to be true.  This makes me contemplate what the resolve will be.  Is it a Class Action Law Suit?  That  seems to sound good but that is a resultant effect after the fact, meaning that will not put you back in your home after your gone.   Maybe the threat from the State Attorney Generals and the Federal Trade Commission will wake the servicers up.

If you are into legal theory maybe now is the time to tell that bill collector about, promissory estoppel or maybe false advertising is a good path to take.  What your  resolve will be I am not sure.  Maybe Title 6 of RESPA and a “qualified written request” is the path for you.  Maybe advancing  questions about these theories to your Congressmen is the way to improve the  social problem we are all facing.

Heck, I have knowledge of a HAFA transaction where one of the Nationally known Banks failed to provide a fair marketing price on a home in HAFA and the clients elected to take a Deed in Lieu of foreclosure.  Not only could the bank not provide the clients the paperwork to bring the property to market for about 9 months they can not even find the time to do the Deed to take the property back.  If this is not resolved quickly for these clients the Realtor is going to do a RANT and post it at their BLOG.. Our elected officials need to see the frustration on our faces, and for that matter so do the CEO’s at the Banks that are getting no where fast.

I was talking late this week,  to an elected official who had about 25 to 30 years of Banking experience and they noted that the different divisions of the bank do not talk to each other.   Of course with my almost 20 years in Banking I knew that to be true also.  Maybe a RANT addressed to a CEO, but I have a question, when you are telling the truth is that a RANT?   When you warm a Federally Chartered Bank, and their sub contractor,  action is going to be taken, is that a speech in the court of public opinion or is that a RANT.

Maybe this will serve as an example of what can happen from willful inaction.  See the  introduction to a RANT  in the article and link below.

Outraged at Bank of America’s attempt to secure a home that she had already sold, Concord Realtor Leigh Brown turned to YouTube and Twitter this week to vent her frustration

Read more: http://www.charlotteobserver.com/2011/03/18/2150129/realtor-gets-bofas-attention-on.html#ixzz1IQSX9jiM

I saw this video it was great.  The Realtor  was on point, she called it as she saw it and the resolve arrived., she was a justified advocate for her client. Consumer Protection by YouTube Rant,  who would have ever thought that was possible… ME!

All marketing is done with the assistance of Kalabash Marketing!

Goodnight Mrs. Kalabash where ever you are!

Secret Message to Mrs. Kalabash, for who I am Ga -ga.

George Kenner Broker Associate, Keller Williams Realty, Lic. 01229951

619-723-5714  –  g.kenner@yahoo.com

Not portion of this is to be considered Legal Advise.  I stongly agee with  the advise the  Ca. Association of Realtors gives in the Short Sale Advisory, Please Consult an Attorney for any Foreclosure Issue that you are facing.

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