tag:blogger.com,1999:blog-6295084548093377051.post5309262772885026064..comments2023-07-06T07:24:13.608-04:00Comments on Drew's Mortgage News: Reality NOT on TV – Banks Make Money on ForeclosuresDrew Sygithttp://www.blogger.com/profile/18001992426038787015noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6295084548093377051.post-67940061958270430272009-09-16T13:34:12.960-04:002009-09-16T13:34:12.960-04:00Hang them all from the nearest utility pole!!!!!!Hang them all from the nearest utility pole!!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6295084548093377051.post-81126188152695617552009-09-16T10:20:29.986-04:002009-09-16T10:20:29.986-04:00Excellent points made have you researched all of t...Excellent points made have you researched all of the Wall Street Firms that have opened numerous FULL SERVICE MORTGAGE BRANCHES in each indivual state? Amazing they make modification or refinancing so difficult now for the mortgage broker and consumers alike, here comes Wall Street to the rescue again they will be able to streamline portfolio's and profit while we are once again shut out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6295084548093377051.post-16868020555039409532009-09-16T00:50:15.856-04:002009-09-16T00:50:15.856-04:00countrywide made be servicing a lot of loans, but ...countrywide made be servicing a lot of loans, but they didn't own any of them. rest of it is accurte - there's no incentive for the bank to work with you.Living Off Dividends & Passive Incomehttp://livingoffdividends.comnoreply@blogger.comtag:blogger.com,1999:blog-6295084548093377051.post-21684694437470940442009-09-15T15:47:13.077-04:002009-09-15T15:47:13.077-04:00Gosh Drew, this is a really ugly situation, huh? ...Gosh Drew, this is a really ugly situation, huh? I have a realtor who is wanting to open a fee based note mod business. I've not shared my thoughts with him, but this is one reason why I do not want a piece of that business model.Kerrie Saegerhttp://www.buildingfinancialfreedom.infonoreply@blogger.comtag:blogger.com,1999:blog-6295084548093377051.post-35201232772365091552009-09-15T14:49:08.431-04:002009-09-15T14:49:08.431-04:00Not Fair, First I would make them cold call for a ...Not Fair, First I would make them cold call for a year or so and work for 5 or 10 % on huge commisions being generated so that they know what it feels like. Then years later after finally bulding up a nice business, let them show up and find out hey, your no longer working here and not getting a paycheck because the bank has no money. Then you make them do loan mods !Anonymousnoreply@blogger.com