All Forum Posts by: Kathy Utiss

I would look for the lawyer type papers. Like in St. Louis its called the Daily Record I think. Some of these are online nationally. Then netronline.com is good to be able to use nationally as well if that county is online and you can pay to show the info you need...

Sometimes these newspapers also have notices of homeowners that have recently been dismissed for bk as well. Sometimes homeowners in this crisis are left w/o real knowledgeable help either. Sometimes their filing chp7 and walking. Few reaffirm.

This one pops up there in your area http://www.dailyjournal.com/public/pubmain.cfm

Most have a free trial. Can't hurt to check.

Good Luck,

Kathy

I wouldn't think it would be that difficult. Unless you don't have any money to settle them out. You may need the actual property owner to take some initiative to work with you.

Mechanics liens are there because they helped build the property and weren't repaid. Mechanic lien laws vary state to state as well. So you may want to look up Ga mechanic lien laws to see what it says.

But if your able to work a sif out w/the mechanic lien owner who knows?

Usually a deficiency balance only happens when a bank has foreclosed on a home and there wasn't enough money received to satisfy the liens when the foreclosure sale happened.

Now if you did a settlement I'm not sure how they write it off their taxes. I've seen c/o non-performing accounts be given settlements w/no chance of a deficiency balance afterward. This makes no sense.

Now it should say that account has been settled in full for less than the full amount. There is a ding on the cbr but legally they shouldn't be coming after you. And the ding isn't as bad as leaving as a charge off on your cbr.

One way to rectify this if you did such a settlement I'd prepare a letter and send to their account paid in full office? Or maybe talk to someone that handles the paid accounts. Hopefully there will be someone with a head that knows what their doing.

Someone also has to place such accounts with the collection agency. I'd ask to talk to that person if paid accts isn't helpful. There are also people whose only job is to update the cbrs this may be a person to try and contact. Chase is the one to go after sense the problem was encountered upon paying off them.

Was this your own home or a rental? If on your primary home deficiency balance notes were not allowed for a cpl of yrs cause of what they've done.

You may of originated with Wamu and Chase took them over. You're right there's a good chance they don't have the promissory note. They will enforce fraud upon you and the courts if you try to stick up for yourself for the most part.

So pick your battles wisely. These are long overdrawn costly battles that can effect your livelihood in more ways than one. I called Chase's main number in Ny for u--212-270-6000...they claim the paid account dept number is 800-848-9136. Not sure if this is the number you have but may be worth the try. Attorneys are expensive and most are liars. Remember all judges usually were attorneys at one point in time as well.

Regardless of the facts they do what they want so I suggest staying out of their arena if you can.

Good Luck,

Kathy

Oops here's the blog page
www.foreclosurehamlet.org/profiles/blogs/departmentofcorruption-black

I decided about six years ago I couldn't work for such entities. Real estate isn't bad if you understand it more and less than others. It's amazing what people try to pull.

Good luck!

Short sales really aren't that tricky. There is a method to the madness. The main question is why should the bank accept a short sale offer? Are you selling? Upside down? Are you still trying to keep the home after the short sale? What are your capabilities of repaying the debt? While all these are important the most important thing is do you have someone with any authority at your pretender lender/servicers office to do educated decision making?

First of all a full debt to income analysis on your situation should be done. Usually your (DTI)Debt to income ratio is based upon your secured and unsecured debts due each month. These usually consist of mortgage payments, secured loans, car loans, credit cards, student loans and medical debts. Just like when your loan was originated.

Then the details of the property have to be considered.
Location
value of property vs amount due
detailed expense and repair of home list
Npv vs current market value and originating lender
Who is your servicer representing? Are they the beneficial owner? Without a court order they won't tell you remember this!

Which could bring on another whole set of issues that make an atty hard to find in handling such cases. But you never know. There are many unscrupulous dangerous people in the banking industry. Here's one of my favorite blogs about the judicial dept and how some of them really act.

But you need an authorization to share and or release information to help rectify what your trying to accomplish.

Best of Luck!

Kathy

Zabasearch.com is good, so is netronline.com so you can review as much info free with county recorders, and pacer is good to run to see if their involved in a bk. Otherwise address reversal on whitepages.com might help.

There are other paid services such as accurint, lexis nexis, and merlin. Accurint was good...

Sometimes investors use titlesearch.com as well and First American has reports that are good.

Good Luck!

Bankruptcy is a hard option for a lot of people. Not all of them should file bankruptcy. A lot of people are misled by attorneys. Thinking that the attorneys license and right to an income mean something.

I understand the necessity of paying bills and the necessity for programs for those that can't. One can never predict the circumstances life throws in their face sometimes.

A lot of people judge people because of their credit. Credit doesn't make people any more human than others. What is needed is a true analysis of the situation and someone to be able to offer legitimate advice a full disclosure of what made the situation happen. Is that situation rectified? Some people are a victim of circumstances beyond their control.

Having been one to collect $100,000-$150,000 per month on non-performing assets is a good feat since these are accounts the bank has already taken as a write off.

Sometimes these accounts are sold for pennies on the $$ like no one knows. The banks have been able to hide their fraud going back to at least 1998. I myself attempted to stand up to the fraud to prevent the devastation we have now today.

I'm greatful for subject to's and assignments. I even live in one. I put $4,000 down and have been able to have somewhere to call home for my family. Its even a nicer home than the judge helped steal. I also bank wire the owner the payments bi-wkly.

People are really anxious to judge a book by its cover than by reality and real solutions. Sometimes there's nothing that can be done. There's a total break down in real help for people.

In my motion to vacate the judges order for denying me my rights I went to court only to find out anything reasonable isn't enough for them.

The banks are allowed to rule. One investor I was direct to was willing to spend $150,000 a month on non-performing assets. Citi said NO because they wanted him to spend a purchase price of $3-4m per month. The next client was going to buy the worst notes possible deficiency balance notes in 2007. He was even willing to spend $10,000,000-$50,000,000 per month. The transaction didn't happen because Citi wanted to still make an income on notes they were supposed to be selling!

The havoc some people have been allowed to get by with is so disheartening! Even now with creating a new product for the market I've been ridiculed like you wouldn't believe.

The main thing to figure out is how many homes have been pledged and re pledged. Even with a scenario that could save our country financially without knowing this we'll all continue to be screwed. And the most important question is now what is the definition of SOLD IN TODAYS WORLD?

Think I'm kidding about judges stealing homes? This is the same judge I'm talking about in the article. See some people have more money than others doesn't mean everyone lies!

http://westlawnews.thomson.com/Bankruptcy/Insight/2010/10_-_October/Bankruptcy_judge_hastily_tossed_church_group_s_malpractice_suit/

Interesting. When I was reviewing properties recently I talked with the realtors saying they had short sales available.

Short sales are usually given to homeowners. But these realtors were selling for the bank after possession as a short sale needing approval!

They make it confusing. You may be better off to submit deal to lender if you haven't talked w/them and see if they can approve short sale any faster.

Jeff,

There is more than one business available for sale here. The liquor store can be sold separately. As far as having poor money management skills not hardly!

I actually used to work for a large collection agency representing two of the largest banks in the world doing mortgage collections. After 2.5 yrs I found out the company lied when they employed me about having the right to sell mortgage notes for Chase. Had they not lied I may not be in this situation. I actually used to collect usually about $150,000 on charged off mortgages per month. Chase gave decent accounts and Citi gave the shi**est accounts possible. That didn't keep them from taking the managers out to the strip clubs all night though!

For everyone in real estate I tried to play it safe by learning the field on the inside. I actually used to do quite well for them. After being lied to about what their contract contained I found out down as the Board of Dir for this company are two of the largest foreclosure trustees nationally. I also found out that even if you have a way to pay your bills in 5 days or less you may as well give up. As $150,000 per month for non-performing assets isn't enough to get Citi to sell notes. As they want someone to spend a purchase price of $3-$4m per month. So the next buyer I took them wanted deficiency balance notes in the middle of June-July 07 and they were going to spend $10m-$50m per month. It wasn't good enough for them either. As Citi still wanted to make money on the worst possible notes possible after they sold them.I about fell outta my chair when I was told this. I even made my associate who was bringing me the client call back to Citi to talk with them cause I couldn't believe it! So the question is just what is the definition of sold?

I also have large foreign exchange providers or gold buyers but everything seems to be good until you due diligence and find out how many liars there are in this world!

Hence why I was looking into this. A liquor store seemed like something to easily manage whether there fulltime or not with current staff staying in place.

Our judicial system is f/up...There are various lawsuits going on nationally involving this firm. But yet I was made out to be a liar for trying to expose what I know. MO has to have the most corrupt courts I know. Florida sure is nailing them well.

I can show proof of what I say as well. Alot of homeowners are being sold down the river. Even if the TRUTH is the TRUTH they will remove court documents and everything...Want to fight it? Good luck! In attmempt to clear my name, pay my bills by getting a VALID PRODUCT the Judge Recused for their theft instead of doing anything to stop the financial meltdown we've all been forced to endure. The corruption is HIGH! I don't think anyone could ever predict such a set of circumstances.

While yes I could just give up I'm trying to find something that may give me more than adequate financing to make a purchase facilitating the offer of owner financing.

I thought maybe hard money might work for the intial down payment depending on the terms the seller wants. I think the seller would be flexible on closing terms. Especially if there's a SOLID PLAN FOR HIM TO BE PAID...

Thanks for everyone's HELP!

Kathy

Hi...Here's the information...
Asking Price $1,700,000 Inventory included*
Gross Income $3,800,000 Real Estate included*
Cash Flow $448,000 Year Established 1998
FF&E included* Employees 3-4 (Liquor Str

* included in the asking price
** not included in the asking price
Stateline Madness !!! High Volume Liquor Sales!!

View Larger Photo of BusinessPRICE REDUCTION...TO $1.7 MILLION OBO... FOR THE OUTPOST LIQUOR STORE (with Inventory) HIGH VOLUME SALES from ARKANSAS's Lake Resort Areas due to Arkansas's HIGH TAXES on Beer, Liquor, Wine, and Cigarettes. Only 7 Miles from Mountain Home Arkansas ! Owner Might Do some Short Term Financing for the right person & Downpayment. Buy the "Ranch House Bar and Grill" next door, Gas Station, Additional Store Building (now rented), Owners Residential Suite, Rental Units, with approximattely 10 Acres for $2,5 M OBO (Health Issue requires negot)

Facilities: A Liquor Store Building, R.E. & Parking Area as one Option, or the same as above with Gas Island, Addit'l Store Bldg., Rental Units,Owners Suite, 10. Acres, Ranch House Bar & Grill , Vacant Land for even more ventures.

Competition: Prime location due to high Ark taxes..store is in Mo. Store is #2 in Mo. in Lottery Ticket Sales, Ranch House Bar & Grill that has a great food & atmosphere reputation.

Growth/Expansion: With 10.5 total acres in this Tract, there are approx 8 acres available for adding rental units & new ventures of the purchaser or expansion.

Seller Financing Available: Yes

Financing: May provide

Support/Training: Owner will provide the Buyer up to 30 days training and introductions, and will finance with right downpayment.

Reason Selling: Owners Health & a Family Death