"Query - I believe I heard that in one of the amendment rounds there was a provision that said once a loan was under the FFA, subsequent purchasers must participate and borrowers could not lose rigths by the sale of the note. So I have a case where…"
"I know this is an old conversation, but I just stumbled on it again and it's still timely.
The mediator is also authorized to arrange pre-session communications " to ensure that the parties have all the necessary information and…"
"Hi Roger. Thanks for this information. As you know, the WA S. Ct (Bain) has already ruled that MERS is not a legal beneficiary and cannot initiate foreclosures. Whether this bankruptcy court decision will have impacts beyond the WA court…"
"I had one tell me if in the course of their standard business they had created such a ltter they were required to submit it. But that they were under no obligation to create such a document to meet the requirements of the act.
A very strange…"
"Roger, can you clarify this statement:
"Beneficiaries are telling me they have no duty to create such, and certainly not if the decision is reached after the passage of the production requirement."
Also, is this a common occurrence…"
"It would seem to me that not correcting the erroneous information of at least verifying working to verify it, would be a lack of good faith.
I'd have them run the NPV with the corrections and see if it pencils out with the 31%
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"Query: Why not seek to remove the section that says foreclosure meditations are not covered by the Uniform Meditations Act? It's a much easier sell to legislators to say this needs to fall into the general mediation scheme of things than to…"
"The parties here felt they were close to an agreement and just relieved and ready to quit for the day. They agreed they might need another session for details but did not have the energy left to proceed through an agreement or MOU. It leaves us in…"
"My first foreclosure mediation was a few months ago. Using the online NPV within the mediation setting (on large screen) proved to be valuable for bringing about mutual agreement (in this case that borrower did not qualify for…"
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