Oh dear....I had to run out and pushed the send button.

A little bit about me:I currently work full time in the operations accounting department of a large pension fund.

I'm still working on my first wholesale deal...don't have much $ in the reserves department.

Congratulations, Ralph.I suspect that if more investors try enforcing their contracts, especially the wording "time is of the essence", that more REO departments/attorneys will see the light.

Unlike most states, in Michigan the Corporations division is part of the Department of Labor and Economic Growth.You can learn all you need here...http://www.michigan.gov/dleg

The lending institution will tell them that once the position has been prepared to the sheriff’s office they must leave the property right away and thus depart their hopes and dreams behind.

If the lender drags their feet, makes senseless demands, or passes on a contract, my attorney will make phone calls or send letters to their legal department.

Failure This Year Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression.Integrity Bank, with $1.1 billion in assets and $974 million in deposits, was shuttered by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corp.

But why are you calling into Countrywide Loss Mitigagion department?

Pay your bills on time, don't apply for department store cards, don't apply for too many credit cards (3 is enough), try to keep your utilization under 50% and don't close accounts even if you do not use them.