Shortsalenurse's HAFA Blog

January 23, 2011

The Twin Track System – this is when the Loan Modification Train and the Foreclosure Express Train CRASH !!!

With 7  million homes in default, unemployment not getting better, other than by just a decimal of a percent every few months , at least to this tax payer it seems to be time to make a few adjustments to the train tracks we are on.     I am tired of seeing the “Crash” it’s depressing.  Let’s talk about twin track, that is contributing to the public pain.   Here is a link to what the National Counsel of State Housing Agencies says about twin tracking, as it was discussed in the U.S. Senate.

I know how I would modify Twin Tracking ,  I would end it.  The Servicers are doing a very poor job, in many cases I see the Loan Modification Division of the Bank and Short Sale Division, acting as separate management components.  The CEO’s need to end this separation of the divisions.   There is no notification of the” time line” of the Modification and Foreclosure process  to  the client, and it hits them as a surprise when they think they can still short sell.

Frankly,  I think that Congress is trusting Treasury to do the job right,  and they are now getting frustrated with the results Foreclosures are on the rise, I hope we are only hours away from some change in the policy, I don’t want to see my community hurt any more than necessary.

All Marketing done with the Assistance of Mrs. Kalabash

“Goodnight Mrs. Kalabash where ever your are.”

(a secret message to Mrs. Kalabash)

George Kenner,  Broker Associate , Lic. 01229951

619-723-5714  –


January 19, 2011

President Says Review Regulations to Make Sure we are not Killing Business, Does that Mean HAMP & HAFAs

President Obama announced  (hear it in his own words here) that we need to review HAMP and HAFA, well not specifically HAMP and HAFA but regulations that are hurting business.  For me that means HAMP and HAFA,   7 Million Homes in default, that is something that needs to be addressed.

Every day I see another non nonsensical situation where there is no one in a position to make a command decision.  We need a return to common sense, and give someone the power to make a decision, rather than try to follow some rule to the letter of the law.   If it costs $1000 dollars for a bad decision and $10,000 in effort, time and expense to make the decision,  something is wrong.

This is the path of over regulation and this is what  in MY OPINION happened to HAMP and HAFA.  If I am wrong, and I am always ready to admit I am wrong why are there so few loan modifications and mandated Short Sales?  Do I have a point?  Is it time for meaningful review for the sake of my community, and the 7 Million Homes and all the VOTERS that they represent?  I think  so!!!

George Kenner, Broker Associate, Keller Williams Realty – Ca.  Lic. 01229951  All Marketing done with the assistance of Kalabash Marketing

Good Night Mrs. Kalabash where ever you are.

(a secret for Mrs. Kalabash’s eyes only)

The opinions expressed here are solely the viewpoints of George Kenner please contact George at 619-723-5714 –

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