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  1. Wayne

    Likely you’ll never get anywhere near the guy. You have the type questions most pertinent for exposing the mismanagement, and clueless nature of the current practices. Or you’d be taken out back and roughed up when you tried to leave the meeting.

    Reply
    October 13, 2010
    • Kevin

      Key word you just said… “outback”

      Reply
      October 13, 2010
      • Coach

        I’m challenged that anyone around that guy at ANYBODY MAE would be man enough to take G4610 ” out back”, and do anything about it. That’s funny!

        Also, the ‘exposure’ is known in 2010 as ‘transparency’ and it’s the only way to roll in today’s world, now that it’s flat again.

        Reply
        October 13, 2010
  2. Roger Higle

    There you go–beginning of a good Mastermind loss mitigation Q and A–with top lender(s):

    Your best numbers on the cost of a short sale versus cost of foreclosure? Is it a range? Then what factors impact the range of difference?

    What’s your pull through rate? Do you know 90%+ is very do-able? It could be 95%+ and with less effort, if we could..

    Use the buyers appraisal and the listing agent’s appraisal to set value

    Have broad delegation to servicers

    Have a firm standard on second lien settlements

    Reply
    October 13, 2010
  3. Coach

    My numbers on loss mitigation, foreclosure loss percentage versus short sale…. I’m sticking to my favorite effective debt ratios from traditional lending back in the early 2000s… 28-36%…that’s how much I estimate that lenders lose in a declining market on a foreclosure rather than accepting the short sale.

    At least in Cali, Nevada, Arizona, Florida and Michigan(well Michigan doesn’t have that much percentage available for depreciation)…but, you guys get my drift.

    Reply
    October 13, 2010

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