Mortgage Resolution Services

I have not had the opportunity to post in months. Ever since Fidelity National Financial acquired our company in April they actually make me work, A LOT. I
am currently travelling all over the U.S. teaching Short Sales.
This attached clip is a feature from Forbes.com where we were mentioned. Scott Thompson is my boss and mentor who has taught me everything I know.
ForeclosureRadar 2.0 Launches with Ramped-up Foreclosure Tools for Professional Investors and REALTORS(R)
10.21.08, 12:36 PM ET

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ForeclosureRadar (www.foreclosureradar.com), which provides accurate, up-to-date information on the California foreclosure market, including auctions, today launched version 2.0 of its online foreclosure platform. ForeclosureRadar 2.0 includes a host of new features and content aimed at helping professional real estate investors and REALTORS(R) make more informed decisions at every stage of the foreclosure process.

In conjunction with the new release of ForeclosureRadar 2.0, the company announced two new content partners, Lane Guide (www.laneguide.com), which provides detailed contact information for lenders, including REO departments, and Mortgage Resolution Services (http://mresolution.com/), which provides detailed information and ratings on bank and lender short-sale processes. These two partnerships allow investors and REALTORS(R) to dramatically increase the speed with which they can assess short sale and REO opportunities.

"Easy access to accurate information can mean the difference between a successful transaction and a missed opportunity," said Sean O'Toole, Founder and CEO of ForeclosureRadar. "Our new release adds practical tools to the serious investor or REALTOR's belt in a time when the foreclosure market continues to heat up."

"Having detailed information on how banks handle short sales - or don't handle them, in some cases -- is a win for all parties involved in these transactions, where obstacles seem to appear at every turn," said Scott Thompson, Senior Vice President of Mortgage Resolution Services. "We're excited to be able to offer this intelligence to ForeclosureRadar subscribers."

Mortgage Resolution Services assists homeowners, agents, brokers, and mortgage lenders in working through delinquent and "at risk" mortgages. The company and ForeclosureRadar have collaborated to develop a "Short Sale Report" available at http://foreclosuretruth.com/shortsale. ForeclosureRadar subscribers can leverage this information when searching for foreclosures by lender - a search option no other company offers - to focus only on those lenders that are easy to work with and avoid those that are not.

Lane Guide's database of lender contact information will be available to ForeclosureRadar 2.0 subscribers as an optional upgrade. Lane Guide's CEO, Richard Lane, said, "Often something as simple as contact information is the missing link to a successful transaction, and our up-to-date database can make a difference for professionals who need to reach the right person at the right time."

ForeclosureRadar 2.0 leaves the simple foreclosure lists of the past far behind. As part of a ForeclosureRadar subscription, investors and REALTORS(R) get powerful search tools, daily auction updates, enhanced financial analysis, and a variety of report options.

With the ForeclosureRadar latest enhancements, investors can determine the resale or rental return on investment prior to purchase, and REALTORS(R) can generate a net sheet for clients in a foreclosure transaction.

ForeclosureRadar 2.0 enhances search

ForeclosureRadar has doubled its search capabilities in the 2.0 release, enabling even more options for users to find what they are looking for online. The company also added the ability to email reports on properties so that partners, clients and prospective clients can get the details they need in order to make sound investment decisions.

Additional new features in the ForeclosureRadar 2.0 platform include:

-- Foreclosure Comp Reports: Quickly generate a report that shows nearby foreclosure activity by foreclosure stage.

-- Customized display: Choose the results you want to see and change the layout to best suit the way you work. See map and listing views simultaneously and resize the display to take advantage of large computer monitors.

-- Enhanced printing: Easily print maps, lists, auction schedules, foreclosure comps, routes and property details.

-- Optimized driving directions: Save time planning foreclosure tours with the new optimized routing.

ForeclosureRadar is available to REALTORS(R) and investors on a monthly subscription basis. For a free three-day trial and more information on pricing and features, visit http://forelosureradar.com.

About ForeclosureRadar.com

ForeclosureRadar is the only company that tracks every foreclosure in California with daily updates on all foreclosure auctions. ForeclosureRadar features unprecedented tools to search, manage, track and analyze pre-foreclosure, foreclosure auction, short sale and bank owned real estate. The web site was launched in May 2007 by Sean O'Toole, who spent 15 years building and launching software companies before entering the foreclosure business in 2002 where he has successfully bought and sold more than 150 foreclosure properties. ForeclosureRadar is privately held and based in the San Francisco Bay Area.

Ocwen Back In The Game

So we new it had be to temporary and it was. Ocwen is now negotiating firsts again
on Short Sales. They say that they wanted to 'Make Sure All Borrowers That Qualify For A Loan Modification Receive Them.' The truth is simple, Ocwen has two major Hedge Fund investors. Both investors have told Ocwen that they will hold 'Ocwen Servicing' liable for it's flagrant acts of random market abuse and there internal Short Sale underwiting policies and procedures. What does this mean to us? Very simple, Ocwen will no longer give away the farm on Short Sales they allow
for. Short Sales will not necessarily be fewer and further in between, but Ocwen is very clear that they will be reviewing all Hardships and wanting more documentation with those hardships.
If you have a deal with Ocwen, now is the time to get it to Loss Mitigation. Very few agents know they are back in business and Loss Mitigation has time to work on your file.

-Christopher Rockey

The Worse Short Sale Lenders

This is my official hitlist of the most horrible lenders to work with
on a Short Sale:
Ocwen First TD
Bank Of America Home Equity 2Nd
Wells Fargo Home Equity 2Nd
Washington Mutual First and second

Any other lender can be delt with accordingly. Although it is quite possible
to get results from each of the named lenders you will rarely get 'Full Settlement
Language.' Also, you will not go anywhere in under 60 days, Wells is saying they
are 120 days out for approvals right now. What buyer is going to hang in for that.
Speculation on my part says they are overly paranoid of arms length transactions
and thinking everybody is out to get them.

-Christopher Rockey