Real Estate Industry Blog » Jonathan Katz

HSBC to make some major changes to its Mortgage Divisions

Jonathan Katz — Wed, 08 Jun 2011 01:39:39 +0000

In recent history time has shown HSBC to be in the process of consolidating its mortgage divisions. A recent letter sent out to our customers who have a mortgage that is being serviced by HSBC Mortgage Corporation division, in possibly yet another decline in their company standings, as many of the other HSBC divisions before [...]

Chase: Phone Number Changes (Contact Information Changes)

Jonathan Katz — Sun, 10 Apr 2011 16:55:59 +0000

Chase, one of the mega Goliaths in the mortgage servicing industry is about to start a major renovation on their phone systems. In a conversation the other day with a representative in the Executive Office it was divulged to one of our negotiators that there were going to be some major changes in the phone system [...]

ACG and BAC Home Loans Servicing Lp. connect for BULK Short Sale Processing

Jonathan Katz — Fri, 12 Mar 2010 20:53:49 +0000

Starting in 2005, Absolute Consultant Group’s(ACG) counselors sought out to solve mortgage problems no longer from the confines of Countrywide’s Loss Mitigation Department. At that time they were part of one of the largest lenders in the world helping service a portfolio topping a trillion dollars. Since then ACG has set its self a part by helping thousands of homeowners. With a [...]

Assembly Bill AB 957: Seller no longer dictates Title or Escrow. Buyers rejoyce!

Jonathan Katz — Sat, 17 Oct 2009 04:46:49 +0000

In another strike on lenders and altogether sellers of homes obtained through foreclosure (Hard Money/Private Lenders/Note Buyers we are talking to you!) they can no longer dictated according to Assembly Bill 957 (AB957) as of October 12th what Title and Escrow company must be used in the purchasing of their REO inventory. The lenders still [...]

California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!

Jonathan Katz — Tue, 13 Oct 2009 23:23:13 +0000

In California Monday in an emergency procedure Governor Shwartzenegger signed into place Senate Bill 94. This bill took in effect right away ceasing all further loan modifications, even with attorneys, up until 2013. How many attorneys do you know that work for free? Well for the same reason you will see a lot of companies [...]

Walk a mile in your lender’s shoes? Give ‘em Try!

Jonathan Katz — Wed, 07 Oct 2009 07:34:30 +0000

The average person when calling their lender only has one thing in mind; How are they going to help me?!? Rightfully so. Have you ever wondered what was happening on the other end? Well even if you haven’t here’s a little food for though. The average real estate agent deals with a handful of sales [...]

Location… Location… Location…

Jonathan Katz — Thu, 04 Dec 2008 01:32:02 +0000

Most of you might think from the blog title that this is going to be a conversation about how the homes location is really what gets a property sold. Well that is another post for another time. This post is about Mortgage Companies and how they are broken up into multiple locations and sometimes (most [...]

Short Sale Juggling

Jonathan Katz — Fri, 21 Nov 2008 04:22:55 +0000

So what happens when the first approves but the second is dragging their feet? Or the Second Approves and the first seems to have no idea what they are doing. As most professionals will tell you the just getting a short sale approved is tough enough when you add in a second lender it only [...]