by Phyllis Rockower | Jun 15, 2012 | Articles
Every time you make an offer to a bank, be prepared to close. There is no assignment regardless of what some “guru” tells you. You can do a double close but it is risky and complicated. Your deposit is at risk unless you have someone who is willing to put...
by Phyllis Rockower | May 31, 2012 | Real Estate News, Uncategorized
This act was passed in 1933 in the middle of the depression to keep banks from dabbling into the stock market. It was repealed by Clinton and started the financial mess. Banks used to have only deposits for their short term borrowing. This was protected by the fdic in...
by Phyllis Rockower | Apr 1, 2012 | Real Estate News
New laws are encouraging 5 big banks to do a principal write down by giving financial incentives. These do not apply to fannie and freddie. The chief regulator there is refusing to do so. Do you think that this “quasi-govt” agency should be...
by Phyllis Rockower | Mar 9, 2012 | Economic News, Housing News, Real Estate News, Uncategorized
Local Ca. law firm cited for fraud. Wow- i thought that only attorneys could do this because they can charge an upfront fee and call it a retainer. They claimed to have special relationships with banks so that they can get loans reduced because of fraud. They also...
by Phyllis Rockower | Feb 14, 2012 | Economic News, Real Estate News
The new and praised settlement with banks to help homeowners in trouble is more business as usual. If you read the article you will see that they actually paid nothing. None of the “new” laws are new. What they did was criminal fraud and is already law. You have to...
