The first is globalization and the 'equalization of pressure' between world economies- the rise of the Euro, the fall of the dollar-- and the effect its having on our market.

Today I got a phone call from my agent's broker saying that I was wasting their time.

If the loan does not go well the broker has effectively no liability.

There are also legal issues in that certain changes to a loan could trigger a chance in the liens position (some modifications are in effect treated as a new loan so the recording date moves).The trusts who are holding paper that has lost significant value (mark to market pricing) will be only too willing to agree changes in the trust provisions if the change will significantly improve the value of the asset.

Sorry to say this, but if you don't fall into either category you're wasting your time.

Both have messages to that effect.

Originally posted by "brucewaller":What a newbie should do.So from your point of view Bruce what type of REI mentor would be most effective for a newbie to get a hold of?

Well not too sure how that effects you but it would seem to be too much of a hassel to me!

Prepaid legal; Waste of money, IMO.I can't recommmend them.all cash

Fortunately or unfortunately, the most effective Associations are those that get on the delinquent accounts immediately with a posted Notice of Lien and subsequent foreclosure notice.