Tag Archives: foreclosure discussion

The Future of Foreclosure Industry News

The Future of Foreclosure Industry NewsI am sure you’ve noticed that the foreclosure discussion has all but disappeared from the news landscape.

There are multiple reasons for that, including:

- Many of you have already been through it and have put it behind you;

- The banks bought themselves out of most of their bad acts with the Independent Foreclosure Reviews and the National Mortgage Settlement, so it’s not really “news” anymore that the banks stole billions of dollars of wealth from Americans;

- Many states now have case law or their legislatures have passed laws to fix some of the foreclosure problems. Nevada and California are two that come to mind. Nevada’s mediation law has stopped many foreclosures in their tracks because the law is crystal clear that they bank must show they have the chain of title. California’s legislature gave homeowners the explicit right to use the banks.

In states like Arizona, where the legislature has done nothing, it’s business as usual. One difference that I notice these days is that I don’t know anyone who is in foreclosure right now.

- A lot of people have been beat up and are just tired, because they are tired of fighting and just want to move on.

I’ve spent a lot of time in 2013 considering the future of this blog. I finally moved out of my house in May and spent the summer taking it easy. There is a part of me that is tired of talking about foreclosure too. I am ready to move on.

I have a new perspective now, and I want to share with you my vision of “FIN 2.0″ that I will be rolling out in the coming weeks and months.

I am shifting the focus of the blog away from foreclosure defense, and more toward news. The legacy of the foreclosure crisis is that our economy is left to limp along. It has improved slightly, but there’s a lot going on.

I am sure there will be waves of foreclosures in the coming years, because the cases that are stalled will eventually work their way through the system, be dismissed, or end with a loan modification. They can’t stay in limbo very long. And as that happens, I am sure there will be new strategies for homeowners.

Despite the change in the discussion, I am proud of the body of work I’ve created on this blog. I think it’s timeless and will remain relevant for a long time. Foreclosures will be a part of the landscape for some time, just not as grand of a scale as it has been.

I will continue to do loan audits, but much of my knowledge is being shifted to digital products.

Is it time for YOU to learn how to audit? If you feel compelled to continue your learning, the products at DIY Mortgage Review are available to support you. They are inexpensive and you can work at your own pace.

Yesterday I launched several new products: an eBook about called “How to Write a Great Loan Audit Report,” a Loan Audit Report Template (you have been asking me for this for awhile now), and a crazy all in one package that has everything you need to help you audit loans.

I am also available to consult on foreclosure cases anywhere in the US. It helps if you have an attorney who is open to listening. Much of what I am working on now are Chapter 13 adversary cases. You can read about the Sam Sanchez case here. Sam got a $100,000 principal reduction in Arizona. I think a Chapter 13 adversary proceeding is the ONLY way to go if you’re fighting foreclosure in Arizona.

If you are a professional loan auditor and need help creating your signature audit report, I can help.

I hope to add some new voices to the mix on FIN, too. Sure, I have a lot to say, but there has not been any contributor who has stuck around. Perhaps that goes more to my dedication, but every partnership (I use that term loosely) has not lasted. That’s not necessarily a bad thing. The bottom line though, is that I am sure there are a lot of people who have different voices who should be contributing here.

I get e-mails all the time from companies who want to purchase ads and want to contribute for SEO/link building purposes. They just want to build their own links to their content. That’s fine if their topic is on point with FIN’s content, but it usually is not. Maybe I am asking too much of contributors! I am not going to let just anyone contribute to FIN when they don’t meet my standards of quality.

The writers I want writing for you have a lot of value to add to the discussion because they care. Money is important too — we all have to earn a living, but that’s not what motivated me to write 600 blog posts about foreclosure.

There will also be some changes to the look of the blog, and some of the new content I am rolling out will become paid content that requires a subscription. I am still several months away from that, however.

Thanks for reading! If you use Feedly (the successor to Google Reader, RIP!) please follow us there, or use our e-mail subscription (above right), or circle FIN on Google +!  Follow me on Twitter @cespringer!

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