Archives for Real Estate Scams

California and Nevada Join Forces to Battle Foreclosure Fraud

California attorney general Kamala Harris may have stepped away from the table when it comes to the AG’s coalition against foreclosure fraud in Washington D.C., but she’s not turning down the heat on lenders she believes fraudulently foreclosed on thousands of California homeowners. Harris and Nevada AG Catherine Masto, who also has expressed dissatisfaction with the Washington D.C. investigation process, Read full article »

GMAC to Stop Lending in Massachusetts

In a move that Massachusetts attorney general Martha Coakley says indicates that the lender has a problem, knows it and doesn’t want to be held accountable for it, Ally Financial’s GMAC Mortgage will stop doing business with third-party lenders in Massachusetts. The company calls lending in the state “no longer…viable,” but Coakley says that the lender is hightailing it out Read full article »

Citigroup Settlement DENIED!

When Citigroup agreed to a $285 million settlement with the Securities and Exchange Commission (SEC) to resolve allegations of negligence in investing that ultimately cost investors millions, the lender was allowed to do so without admitting or denying fault. That’s a problem, according to federal judge Jed Rakoff, who has denied the settlement and set a trial date of July Read full article »

Largest Foreclosure Law Firm in New York Shuts Doors

Steven J. Baum, PC is giving up the ghost. The law firm was recently embroiled in a scandal featuring images of a 2010 Halloween party in which employees dressed as distressed homeowners and mocked the foreclosure process, but that was only the most recent issue for the firm, which had also recently agreed to pay $2 million to end a Read full article »

Freddie Mac Changes Short Sale Rules

Starting at the beginning of 2012, everyone involved in a short sale will be liable for “negligent or intentional misrepresentations in the transaction” and will have to sign affidavits stating that they are handling the transaction to federal standards. The addition of the affidavits to the short sale process is designed to help everyone involved in the short sale “identify Read full article »

Page 3 of 19:« 1 2 3 4 5 6 »Last »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.