Entries from February 2007

Tuesday, February 13th, 2007

Too Late to Stop Foreclosure with Short Sale, Deficiency Judgment?

Spoke with 1st position lender this morning and told them I have an offer for 380 in hand. The rep said it’s too late. I persisted by asking if it’s the price or the time-frame. He checked with manager and he said there is simply not enough time to stop the foreclosure […]

Monday, February 12th, 2007

Short Sale to Stop Foreclosure Update

Quick update…
New Mexico property:
Had agent drastically lower the price from 469 to 409k in order to compete with all the inventory. Apparently we haven’t been getting offers because ALL the houses on that street are for sale and the entire Rio Rancho area is really bad right now because of all the […]

Friday, February 9th, 2007

Should I take $1500 for My Redemption Rights?

I got the following email from an investor via my Realtor on the Rio Rancho property:

Subject: Redemption
*** Realty will give $250 in good faith to Casey Serin for his assignment of statutory rights of redemption. When *** Realty successfully redeems the property at 6021 Guadalajara an additional $1250 will be given to Mr. Serin. […]

Thursday, February 8th, 2007

No More Drafts for CashCall, for Now…

Uh oh…
Your Payment was Returned
February 07, 2007
RE: Loan xxxxxx
Dear Borrower,
Your scheduled payment to CashCall, Inc. set up through automatic debit in the amount of $220.48 was returned unpaid by your bank. Pursuant to the CashCall Promissory Note and Disclosure Statement, (”Note”), a returned item fee of $15.00 was charged to your loan.
Your loan is now […]

Wednesday, February 7th, 2007

Homeless Dude Trespassing on My Property

That’s right, there is a homeless guy living in that blue car on my Burdett property. (The boat is my neighbor’s and he will be removing it now that the house is listed on the MLS and ready for showing). The homeless guy wasn’t in the car when I was taking the picture. […]


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