Awhile back I blogged about a San Diego Police Officer and his wife who had trashed their home in Winchester after being foreclosed upon. They had been arrested and were awaiting trial for that case. Recently, the jury in their case found them Guilty of Defrauding a Bank and causing damages and losses of more than $65,000.

I had been following the story with great interest for a number of reasons. First of all, because I’m a former Deputy Sheriff & former Police Officer, I have always felt cops were to be held to a higher standard of honesty and integrity. And second, because numerous times I have acted on behalf of a bank trying to negotiate a Cash-For-keys only to have it rejected by the occupant and the house trashed before I was able to get possession.

I was fearful that the jury in this case would be swayed by emotions or could possibly have been a victim of foreclosure themselves, which could have tainted their deciison. I was glad to see that they addressed the facts of the case and came up with a Guilty verdict. In fact, according to court records, the jury only deliberated for about 30 minutes. Obviosuly they were all in agreement based upon the evidence and facts of the case.

This case is the perfect example of what NOT to do when being foreclosed on. Deputy D.A. Marcus Garrett said, “Here in Riverside County, we are at the forefront of the foreclosure crisis. This behavior is not the answer.” He went on to say that it showed a “blatant disregard” for property.

I contend that it also demonstrated a blatant disregard for what is ethical, honest and right. No matter what the circumstances are, foreclosure hurts everyone involved. But when circumstances beyond anyone’s control force you to stop paying your mortgage, acting in an unethical way is inexcusable. When these folks purchased the home, they signed a “promise to pay” contract and if circumstances have made it impossible to do so, they should have done everything they could to avoid foreclosure. Whether it be a loan modification or short sale. And if those options are unsuccessful, a Cash-for-Keys agreement would be the final step. Sitting in the home and waiting to be evicted should not be an option. And trashing the home…well, now we see that option can end up in prosecution.

I hope that this recent case will send a message to all those being foreclosed upon that this type of behavior will not be tolerated under the law. I also plan to keep copies of this story so I can distribute them to those repo occupants I come into contact during the eviction process. Hopefully, we won’t see these types of things happening in the future.

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating circumstance. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist & a H.E.L.P. Certified Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government’s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure. Contact me NOW! 951-354-1303 or email: RayWright@kw.com

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

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I recently received a call from a gentleman that lives next door to one of our listed repos. He advised me that the former owner of the listed home had removed our sign, and had moved back into the home. I had a hard time belieivng it. We had completed an eviction over 6 months prior in this was an upscale gated community with pride of ownership. I didn’t think something like this would happen here, however when I stopped by the home to inspect, I found the sign gone, the window posts removed, sheets hanging in the windows and the locks changed. No one answered the door when I knocked.

I went back to the office and gathered my paperwork from the Sheriff’s lockout showing that possession was given to us as the representative for the bank. I then drove and parked down the street and called the Riverside police Department. While I was waiting I went over the possible outcome. As a former Deputy Sheriff and former Police Officer, I knew there was a possibility I’d be driving away that day with out possession. I knew that the police could tell me that it was a civil matter and that I’d need to go back thru the long eviction process. But I kept my fingers crossed and hoped that Right would prevail.

When the officers showed up and knocked, of course no one answered. I picked the lock and let them in. They searched the home and to my surprise removed 3 occupants in handcuffs. They had indeed moved the majority of their possessions back in and had changed all the utilities back over to their names. They were intent on getting “their home” back and had received bad advice from an attorney (something I come across on a near daily basis). They argued with me and tried to explain their side, all the while treating me like I was the villain. Like I was the criminal. That they were only doing what they needed to do. Amazing. I wasn’t prepared for that type of circumstance. I just guess I figured no one would actually do something like that. Later, we met the occupants back out at the house for them to remove their property. The house was rekeyed, cleaned & prepared and went back on the market again.

But it made me realize even more that there is such a feeling of entitlement in society today. There’s no accountability with people. It’s always someone else’s fault for one’s circumstances. And everyone else should pay for their poor financial mistakes. I just hope this isn’t the start of a new trend.

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating circumstance. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist & a H.E.L.P. Certified Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government’s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure. Contact me NOW! 951-354-1303 or email: RayWright@kw.com

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

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In today’s troubling times, we all know someone hurting or in need. If you know someone who is facing foreclosure, please pass this information along to them.

Certified Pre-Foreclosure Specialist Ray Wright will lead a panel of experts at a FREE seminar discussing options to avoid foreclosure. Whether you™re facing a job loss, reduction in pay, have medical bills or just got caught in an adjustable mortgage, there™s help for you. This FREE seminar will explain alternatives for avoiding foreclosure and give hope for the future.

This FREE seminar will cover the following topics & more:

* Mortgage Forbearance
* Loan Modifications
* Deed-In-Lieu-Of
* Lease-In-Lieu-Of
* Short Sales
* Foreclosure Help Scams
* Foreclosure
* Cash-For-Keys
* Unlawful Detainer Lawsuit
* The Sheriff™s Lockout
* Buying a home again

This FREE event is Saturday, July 9th in Riverside, CA

Seating is Limited, to Reserve Your Spot Click Below:

Click Here To Reserve Your Spot!

Or Call 951-742-5295

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Jun

23

These past 2 weeks, I’ve been to 3 Unlawful Detainer hearings, each with a slightly different outcome.

1.   Today was the typical Freddie Mac case.   All went well except the tenant showed up by himself begging for more time and claiming that he was not served proper notice by the bank.   He demanded his 90 day notice as provided by law and claimed he was never given proper notice of the foreclosure.   The judge showed a lot of patience in dealing with the poor man as he explained that, since the tenant filed his Answer with the courts back in February, that proved he knew about the foreclosure then.   Whether or not he saw the “proper notice” was no issue, because he obviously knew in February that the home had been foreclosed upon.   Therefore, he was actually given 120 days of notice and should be happy with all the money he saved in rent those 4 months.   This fell on deaf ears to the tenant who insisted that he was never given the “proper notice” and that the 90 days should start today.   I think we can all agree that the renters who have been faithfully paying rent are the purest victims when an owner stops paying the mortgage and the home goes to foreclosure.   The judge gave him 2 weeks to move before the lockout.

But last week and earlier this week, I had 2 UD hearings that were quite different from today and each other.

2.   Last Thursday, Aurora had me show up for a case that was a huge waste of time.   When I arrived, the attorney notified me that the Notice was given to the occupant on 2/23 and the Trustees Deed Upon Sale was not filed till 3/7.   That’s a no-no and the judge agreed.   She dismissed the case and now the entire process starts completely over.   The occupant really lucked out on that one.

3.   Then on Tuesday of this week, another Aurora case came to me.   When I arrived, the attorney advised me that we had the same problem.   But get this…the TDUS was filed again on 3/7 but the notice was given last August.   Yep…7 months prior.   I was sure the judge would dismiss this one as well, however that was not the case.   The lockout & possession would go forward as planned.

Typically, UD hearings go smoothly, however trials # 2 and 3 show that the banks and their attornies need to be far more careful with their filings and cases.   Despite the fact that the owner stopped making a payment and all the proper paperwork was filed.   The mere fact that it wasn’t done in the proper order can really derail the process.   Which only prolongs the foreclosure mess we’re in.   And I don’t have the time and money to show up for nothing.

C’mon banks!   let’s get it together.

By the way, if you or someone you know is facing foreclosure, there’s help.

Click Here Fore Info About Avoiding Foreclosure!

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Since 1996, I’ve coordinated nearly 1,000 transactions and over 100 of those were short sales. Short sales have always been challenging but recently, I’ve been hearing that many banks are revamping their systems in order to make the process simpler. I was quite happy to hear that Bank of America had re-committed recently to doing just that since I was ready to submit 2 more short sales through their Equator portal.

But recently, my excitement waned to the realization that…nothing’s changed. I initiated a short sale through Equator on May 4th and immediately received a response that “The homeowner is eligible for the Home Affordable Foreclosure Alternative (HAFA) program. Please have the homeowner call…” . I instructed the sellers to contact H.A.F.A. right away to discuss the program, which they did. The sellers were advised that they did NOT qualify and were also advised they would need to conduct a traditional short sale.   At the same time, I received a message from Equator stating the same along with tasks for me to download the buyer’s offer and supporting info.

That was on May 6th and for the past 4+ weeks, I’ve sent messages through the portal trying to politely obtain updates.   All ro no avail.   I called Equator 3 times and was told each time the message would be passed along.   On Friday the 3rd, the offer, notes and all supporting documents dissapeared from the portal. I spent the better part of 30 minutes on hold for Equator today trying to find out where my offer went. I was advised by the Equator rep that Bank of America had removed the offer and that I would need to speak with them.

I contacted Bank of America who told me that the file was just denied for the H.A.F.A. program today and that I will now need to submit a traditional short sale through Equator. I let the BofA rep know that we were denied H.A.F.A. back on May 6th and that I had already submitted a traditional short sale at the request of Equator at that time. The rep basically told me my dates were all wrong and that the file was just denied today. I take pride in knowing what I’m talking about and making sure my info is correct before I speak. Repeatedly telling me I’m wrong when i know I’m right typically doesn’t sit well. I tried to be polite for the lengthy conversation but I was frustratingly getting nowhere. I was finally able to get the BofA rep to research further to find out that I WAS right. But that didn’t help. He went on to advise me that my seller just needs to call BofA again and say they did not want to participate in H.A.F.A. so we can again re-submit the traditional short sale. I said, “but they do want to participate in H.A.F.A. they just don’t qualify for it, why do they need to call you when you’ve already denied them?”   After silence and several “uh”‘s the rep simply stated, “they just have to”.

My client called the very next business day, which was last Monday, and was told she would need to refer me as the agent and that Equator would send me the offer for accepting the short sale.   Equator did that on Tuesday and I promptly accepted it and submitted the 3rd party authorization AGAIN.   I immediately received an email thru Equator saying, “The homeowner is eligible for the Home Affordable Foreclosure Alternative (HAFA) program. Please have the homeowner call…”.

Hmmm, that sounds stangely familiar!

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Certified Pre-Foreclosure & H.E.L.P. Specialist Ray Wright will lead a panel of experts at a FREE seminar discussing options to avoid foreclosure. Whether you™re facing a job loss, reduction in pay, have medical bills or just got caught in an adjustable mortgage, there™s help for you. This FREE seminar will explain alternatives for avoiding foreclosure and give hope for the future.

This FREE seminar will cover the following topics & more:

  • Mortgage Forbearance
  • Loan Modifications
  • Deed-In-Lieu-Of
  • Lease-In-Lieu-Of
  • Short Sales
  • Foreclosure
  • Cash-For-Keys
  • Unlawful Detainer Lawsuit
  • The Sheriff™s Lockout
  • Buying a home again
  • And much more!

Seating is Limited, to Reserve Your Spot Visit:

www.ForeclosurePreventionSeminar.com

Or Call 951-742-5295

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It’s always embarrasing to try to pay a bill and find out that you don’t have enough money in the account to cover it.   But it is equally, if not more embarrasing to be told that in front of several people, including friends.

This happened to me just recently and I felt compelled to warn others to check with their banks so the same doesn’t occur to you.

I had a full basket of groceries and was in line to pay.   The line behind me was quite long and as the check out clerk wrapped up her scanning duties and totaled my amount, I scanned my debit card only to find it would not work.   The store clerk took my card to manually scan it, however this was to no avail.   Of course, the natural conclusion of folks is that I don’t have enough money in the bank to cover the expense, however I was sure that was not the case.   She entered the info again and politely advised me it still would not work.   Having no other alternative to pay, I asked the checker to hold the basket for me while I called the bank.   The clerk announced to the bagger to do so and I gave a somewhat embarrassed “I’m sorry” smile to the long line of customaers behind me.   To make matters worse, the checker was a friend and the wife of one of my church’s Pastors.

I called BofA’s customer service and was advised that they believed my card info had been “compromised” and that my card was now permanently blocked.   The rep went on to say that the “good news” was that the bank had already sent me a replacement card, which I should have received in the mail by now.   I had not received any card nor any other correspondence from the bank advising me of this situation.   I advised the rep that I needed gas for my car and groceries for the weekend so please unblock the card.   After discussing the issue with the BofA rep and then with the rep’s supervisor, I was advised that there was no way they could un-block the card.   After embarrassing myself more by letting the store clerk know I would not be able to pay for the groceries, I went home, angry.

I Googled the issue and came up with several news articles about Bank of America’s debit card info being compromised due to an apparent hacking of their server and a lack of their security.   I stayed home since I had no gas to do any extra driving till Monday morning when I would be driving straight to the bank to get the issue resolved.   When I arrived at the bank, I found that they mailed out my replacement card, not to the address on my checks and not to the address my statement comes to.   No, they mailed out the replacement card to an address I haven’t lived at for over 2 years. They issued me a temporary card until my permanent card arrived.   The permanent card has not arrived yet at the time of this blog.

I urge you to check with your bank now to make sure your card info has not been compromised.   You don’t want to find out when your in line at the store, or traveling far away from home.   Good Luck!

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government™s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

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I’ve conducted numerous Cash-for-Keys with occupants of new REO properties.   What really gets me is that I often here from tenants that say they had no clue the home was in foreclosure or that the seller never advised them there was an issue.   I really feel for these people.   The owner of the property is a scoundrel in these situations.   I’ve taped a video regarding this issue and you can check it out below.

Click here to see the video!

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government™s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

 

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Here’s a great new listing in Rancho Cucamonga.   Check out the link below to see the video tour.

Rancho Cucamonga Home Video Tour

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government™s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

 

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I often answer questions on various websites that are related to Real Estate.   Recently, a prospective buyer asked who paid the agent commissions for a short sale transaction.   I videotaped my answer and you can see it below.

Click Here To View The Video!

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government™s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

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I received a question on a Real Estate site asking if a homeowner should foreclose or not.   Typically called a Strategic Foreclosure. I videotaped my response.   You can see the response by clicking the below link.

http://youtu.be/h2kkb3EmTXI?hd=1

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government™s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

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Here’s a little video I recorded regarding the recent announcement that Keller Williams is now the 2nd largest Real Estate franchise in America.   You can check it out by clicking the link below:

http://www.youtube.com/watch?v=5srjafmRg3I

By the way, if you or someone you know is facing foreclosure, please don’t keep me a secret.   As a Certified Short Sale Specilaist, a Certified Short Sale Processor and a Certified Pre-Foreclosure Specialist, I can explain your options for avoiding foreclosure.

Click here to avoid foreclosure:   http://www.foreclosurepreventionseminar.com

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Here’s a short rant from me about those who list their homes for sale with agents that are WAY out of the area.   I alwasy suggest to sellers to find a local specilaist that will give them the service they desire, need and deserve!   Check it out!

http://youtu.be/ctvqweiOZTQ?hd=1

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government™s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

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Mar

11

I read with interest the open letter from the California Association of Realtors to the Los Angeles Times and other news outlets.   The topic was regarding how banks need to streamlind the process and acceptance of short sales to assist in the recovery of the Real Estate market and the economy.   Check out the video below.

Click here to view the video!

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government™s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

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I received an email from someone who read my blog about Cash for Keys.   He was facing a Trustees Sale in 5 days and wanted to know what to expect so I quickly video taped a response to email him back.   You can see the full response by clicking on the link below.

http://www.youtube.com/watch?v=O0ytd5tVFv8

By the way, if you or someone you know is at risk of losing a home to foreclosure, please know that there are new options available to avoid this devastating occurrence. And know that there is someone here you can trust to help. As a Certified Pre-Foreclosure Specialist, I understand the ins and outs of Short Sales and Loan Modifications. I am also a Wachovia and World Bank trained Pre-Foreclosure expert and well educated in the Government™s new H.A.F.A. and H.A.M.P. programs for helping homeowners facing foreclosure.

CLICK HERE TO AVOID FORECLOSURE

Are you a buyer looking for a home? CLICK HERE TO SEARCH ALL AVAILABLE HOMES

CLICK HERE TO READ WHAT OTHERS HAVE SAID ABOUT MY SERVICES!

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