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Stop Foreclosure Now

The housing crisis in this country has impacted millions of people. Unfortunately, many people will not qualify for a loan modification under the current hardship guidelines with each lender. In addition, it’s difficult, if not impossible, to get short sale approved by... [Read more...]

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Happy 4th of July

I would like to wish every one a very safe and Happy 4th of July. On this day we are commemorating the adoption of the Declaration of Independence on July 4, 1776, declaring independence from the Kingdom of Great Britain. On this day I will celebrate our Freedom and the great... [Read more...]

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U.S. Jobless Rate Explodes

Caterpillar announces fourth quarter profits drop by 32%. Caterpillar announces it will slash 20,000 jobs. Sprint Nextel announced they will emanate 8000 jobs in the first quarter of 2009. Job cuts will affect every level of the company. Home Depot to cut 7,000 jobs which represents... [Read more...]

4

President Barak Obama Makes History

(Photo:Ozier Muhammad/ NY Times) Today will be a historic day regardless of your political affiliation. Will it be over the top? Probably? Will the national media play up this day? Most likely. But this does not down play the magnitude of what this day will represent in American... [Read more...]

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MLK Day

Martin Luther King, Jr. (January 15, 1929 – April 4, 1968) was an African American clergyman, activist and prominent leader in the American civil rights movement. His main legacy was to secure progress on civil rights in the United States and he is frequently referenced as... [Read more...]

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UPDATE: Circuit City to Liquidate All Stores

Following up on Circuit City Chapter 11 announcement, Circuit City will Liquidate all stores. A lack of credit and declining economy takes down the large electronics retailer. This will add to the overall national trend of job loss, to a tune of 30,000 jobs. Read the Full Story... [Read more...]

Featured Blog Post

Services We Provide

It occurred to me that our new readers and existing subscribers may not have any idea of what we at Foreclosure Industry actually do. I wish I could say that I write this blog for fun, (which it is, but that’s not my point here), but to be clear, this blog is our primary lead generation activity. I’m deeply grateful to everyone who reads and uses our services and buys our products, because with your support, we are able to continue sharing all the information with our audience for free.

So, to clear up any confusion, here’s our “menu” of products and services we offer:

1. Loan Audits. Earlier this summer, we announced that we were going to stop working with the public to offer loan audits because of Arizona’s new law prohibiting upfront fees.

We’ve had some time to do some research and we’re ready to offer no-upfront fee loan audits to the public on a case-by-case basis. I would prefer to work with borrowers who have attorneys involved, or referrals from our existing clients because there’s a trust factor there.

We have a specific process that we’ve put into place to comply with Arizona’s no-upfront fee law. It also makes it complicated and more expensive. The fee for our loan audit service is now $750. You can contact me directly for more information on getting a loan audit done by us by sending an e-mail to me at Christine@desertedgelegal.com.

2. Consulting Services. I have now assisted at least ten different attorneys with foreclosure defense. I’ve either helped them set up their practice, offered training, or worked with them on an hourly basis to get their clients a better result. I have assembled a team of professionals and we’re ready to take on consulting projects for attorneys who want to practice in foreclosure defense or just want hourly paralegal help from me or my team. If you are an attorney and need help with anything relating to foreclosure defense, please don’t hesitate to contact me: Christine@desertedgelegal.com.

3. Do It Yourself. We have created a digital store where you can purchase and immediately download several do it yourself guides: www.DIYMortgageReview.com. We are going to be dropping the prices drastically in order to make these products affordable for everyone who needs them. You can also opt in to get your free download, called “How to Find Your Pooling and Service Agreement,” which is my gift to you.

4. Loan Audit Classes. We will continue to teach others how to understand the mortgage problem, which includes training on how to do loan audits. I have arrived at the conclusion that I’m really empowering people with the information I’ve gathered over the last couple of years. It’s not really about audits – it’s about giving people the tools to get themselves into a better position, and that is deeply rewarding.

Our first class by webinar starts on Tuesday, September 14, 2010 at 6 p.m. Pacific Time. The cost is $599 and if you opt in to our mailing list to the top right of this post, you’ll get an e-mail with a coupon code for significant savings on the class. I’ll send out an e-mail with the details and the coupon code later this week, so please opt in if you’re interested in that information.

You can also purchase the materials on the www.DIYMortgageReview.com site (click on “Professional Services” at the bottom to get the pro page) and learn at your own pace, but it does not include any access to me for questions or support.

5. Because we are a business, (and we firmly believe that its businesses like ours that will revive our economy), you will see our marketing messages more often in our blog posts. If you need help, we really hope you’ll consider using our services or purchasing our products. We spend a lot of time gathering content for the blog to get this information out there, and it wouldn’t be possible without your support.

6. Please stay tuned for more digital products – I have been getting a lot of requests from people who need help making a decision about what to do with their mortgage, and I’m rapidly writing a survival guide packed with information most people need to make a good decision. I anticipate that product will be ready by the end of September, or sooner, if I can get it done.

7. There are probably other things we can do, but just haven’t thought of them yet. If you need help doing something related to foreclosure defense that isn’t specifically listed here, please send me an e-mail with a phone number where I can reach you and I’ll see if I can help you.

Thank you to all of you who read, comment, send e-mails, and offer your support and encouragement. I appreciate your support and am so glad I can offer the information on this blog.

Got questions? Send me an e-mail: Christine@desertedgelegal.com

DISCLAIMER:

****CHRISTINE SPRINGER IS NOT A LICENSED ATTORNEY. THIS BLOG IS COMPRISED OF HER OPINIONS, OBSERVATIONS AND INTERPRETATIONS AND IS NOT INTENDED TO BE CONSTRUED AS LEGAL ADVICE. PLEASE CONSULT WITH AN ATTORNEY BEFORE RELYING ON OR TAKING ANY ACTION BASED ON THE INFORMATION IN THIS BLOG.****

September 1, 2010 | View Comments

Foreclosure Data

Foreclosure Data 07-07-09

Last update: 07/07/09 9:13 PM

Preforeclosures: 469,829
Sheriff Sales: 50,834
Foreclosures: 493,321
Bankruptcies: 328,975
FSBOs: 40,096
Tax Liens: 971,379

Last update: 01/02/09 10:37 AM

Preforeclosures: 436,355
Sheriff Sales: 49,321
Foreclosures: 549,014
Bankruptcies: 263,318
FSBOs: 45,288
Tax Liens: 971,403
Total Listings: 2,314,699

Change Since Last Update:
Preforeclosures 7.6%
Foreclosures -10%

We have FREE foreclosure Listings. Find a discount property now.

Source: http://www.foreclosure.com/

October 8, 2008 | View Comments

Resources - Guides - Reviews

Online Resources

There is an amazing amount of Real Estate information online. Everything from great research sites like Zillow.com, Redfin.com and Trulia.com to top notch blogs, such as Doctor Housing Bubble. Learning about the real estate industry has never been easier, all the information is right at your figure tips. I have listed some links below to get you started.

Real Estate Research Sites:
http://www.zillow.com/
http://www.redfin.com
http://www.trulia.com/
http://www.propertyshark.com

Real Estate Data Sites:
Data Quick
Foreclosure Radar

Foreclosure Listing sites:
http://www.foreclosure.com/
http://www.realtytrac.com/

Foreclosure Research sites:
http://en.wikipedia.org/wiki/Foreclosure
http://www.hud.gov/foreclosure/
http://www.freddiemac.com/
http://www.irs.gov/

Loan Modification Information
http://www.foreclosureindustry.com/category/loan-modification

Blogs

http://www.doctorhousingbubble.com/

More coming soon….

October 9, 2008 | View Comments

Economic News

Government Spending vs. Austerity

Currently, there is a big debate on whether the government needs to tighten its belt and cut the deficit or whether government stimulus is needed in order to jump start the economy and keep things moving. I had a great discussion with a reader of the blog via email regarding my post last week titled One Step Forward, Two Steps Backward.

I think most people would agree that the government cannot spend our way out of recession into perpetuity and that it is in everyone’s best interest to cut the deficit. One of the proposals for the government to cut back has been to end the subsidization of the housing market. This could manifest in several different ways. This was my reply to the blog reader in regards to ending mortgage interest tax deductions and reducing the home loan amortization down from the standard 30 years:

“I read Professor Shiller’s proposal for curtailing the mortgage period down from thirty years and removing the government subsidies that go with it. I don’t think that is necessarily a bad idea, I just am hesitant to say it is the right fix right now.

His plan calls for a serious contraction of our economy. Considering that homeownership is thought to be the American dream, the housing industry and everything that goes with it injects a massive amount of money into our economy, and creates many jobs as well. From construction jobs and the suppliers that make the components of a home to bankers, title companies, mortgage bankers and so on, making homeownership more expensive would certainly contract our economy. Though this may be the long term fix needed to avoid future boom and bust cycles, I think implementing this now would devastate an already fragile economy.

However this may be inevitable. Look at the current austerity cuts sweeping through Europe. Almost every nation in the EU is being forced to cut back on everything. Recently, there have been calls for austerity cuts in America as well; these calls have come from economists, politicians (especially from the GOP), and also from the IMF. The IMF has recently been urging America to cut its massive deficit and one way to ensure this may be to stop government subsidies for housing such as mortgage interest tax deductions and new home buyer tax credits.

Since the credit crisis began three years ago, our government has certainly implemented Keynesian economic policy by passing the stimulus and massive bailouts. This type of economic thinking has been popular throughout past times of depression and recession, notably during the great depression through the “New Deal.” Unfortunately, this policy is not necessarily the best idea during times of stagflation, a funk of stagnant growth that may befall our economy, if it already hasn’t!

Many investors and economists worry that America may experience a decade or so of stagflation many refer to as a “lost decade,” similar to what Japan experienced from 1991-2000 when its asset price bubble popped. If this is what our economy will have to suffer through, prolonged government subsidies through a policy of Keynesian economics will not be sustainable. The hopes with the stimulus was that it would stimulate our economy back into the green, not that the government would be a never ending source of cash.

That leads to the Austrian economic criticism of Keynesian policy, arguing that prolonged government stimulus will stifle the private sector because of permanent and expanding government. The last thing we need is private sector having to compete with the an overpowering government.

I agree with you that it will lead to non existent real estate appreciation. More than likely there will also be a massive shift in spending and people will certainly need to save more and decrease credit and debt spending. It is sad to think that the economic climate may resemble post WW II as we watch our economy contract while developing nations grow at record pace. By the time these policies are implemented the BRIC nations of Brazil Russia India and China (not to mention the other burgeoning economies) will be growing at full pace. “

Government spending and austerity cuts are certainly at opposite ends of the economic spectrum; undoubtedly, a synergy of reducing the unnecessary while spending on needed improvements (read: infrastructure, such as updating our outdated air traffic control systems, bridges, power grids, etc…) will be one of the greatest and pressing economic challenges of our time.

I invite a discussion in the comments section as to what your thoughts and ideas are regarding government spending v. cuts.

Got questions? Send me an e-mail: Matt@desertedgelegal.com

DISCLAIMER:

****MATT AZARI IS NOT A LICENSED ATTORNEY. THIS BLOG IS COMPRISED OF HIS OPINIONS, OBSERVATIONS AND INTERPRETATIONS AND IS NOT INTENDED TO BE CONSTRUED AS LEGAL ADVICE. PLEASE CONSULT WITH AN ATTORNEY BEFORE RELYING ON OR TAKING ANY ACTION BASED ON THE INFORMATION IN THIS BLOG.****

July 12, 2010 | View Comments

Industry News

Get Your FREE Download on our New Site: DIYMortgageReview.com

As I mentioned last week, we’ve been hard at work creating digital products for individuals to critically examine mortgage documents themselves.

Josh has built an amazing site at www.DIYMortgageReview.com where you can purchase and download the products we’ve created to help borrowers scrutinize their own loans. You can purchase an entire review product or just buy the piece you need.

I also created a FREE download called “How to Find Your Pooling and Service Agreement.” I get so many questions about this that I’d spend hours explaining it to everyone. So I decided to create this free product, which includes screen shots of exactly how I found a specific PSA, just for our readers. I have personally never had much success going directly to the EDGAR Database, so I figured out another way to find the document.

I haven’t seen anyone share this kind of information with anyone, paid or free. But it’s my gift to you. You can get it right now, totally FREE.

So, go get your free download and thanks for supporting our new site! Let me know how the PSA product works for you!

Got questions? Leave us a comment below!

DISCLAIMER:

August 16, 2010 | View Comments

Foreclosure Industry

1

Stop Foreclosure Now

2

Happy 4th of July

3

U.S. Jobless Rate Explodes

4

President Barak Obama Makes History

5

MLK Day

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