Comments on: Martin Andelman Rocked It – Message From Freddie Mac on Strategic Defaulters

By: Shorty Sales

Shorty Sales — Fri, 14 May 2010 11:10:35 +0000

Def a odd question. Thought I was being interrogated…lol

By: Fred Weaver

Fred Weaver — Fri, 14 May 2010 04:17:29 +0000

@Short Sales: You gotta love the mindset of a bank that cares where you got their contact information rather than just helping you out and helping their customer/the borrower.

Don’t even get me started or I might film another video before I got to bed tonight if I’m too fired up

By: Shannon Coe

Shannon Coe — Fri, 14 May 2010 01:54:33 +0000

I would love to hear more from Martin. I listen everyday and love the new insight!
Short Sale Power Hour is great!
Shannon Coe
Keller Williams
Northern California

By: Short Sales

Short Sales — Thu, 13 May 2010 23:53:17 +0000

US Bank asked me how I got their info.

I said from the web.

They asked “From Group 46:10?”

Said, not sure, I google everyone, could have been jigsaw.

Actually, it was from shortsalesuperstars, tho.

By: gail selter

gail selter — Thu, 13 May 2010 15:51:23 +0000

Come on Martin…be a guest…we want you to appear! I will check out your blog.
Gail Selter, Keller Williams
http://www.AvoidForeclosurebyShortSale.com
Las Vegas!

By: Kevin

Kevin — Thu, 13 May 2010 14:56:49 +0000

@Short Sales – That is funny! Who asked you that?

By: Short Sales

Short Sales — Thu, 13 May 2010 12:53:59 +0000

Mandelman Matters is must in the toolbox of every short sale negotiator.

Marty – come on the show and crush it!

I escalated a file to US Bank and they called to ask if I got a certain number from Group 46:10. So, yes, Marty – the banks are listening to Fred and Kevin, too.

Many of my clients have been strategically defaulting for about a year now. Its dubbed “strategic exit” and is a damn good business decision. And yes, the banks are closing them. They don’t want to be in the real estate business whatsoever.

(Work of caution – they have done a “forensic audit” on a file here and there, meaning they pull the original file to check for prior fraud.)

Here’s the truth – the banks made trillions of dollars in ’04, ’05, ’06 and some of ’07. They didn’t just lend money – they took in trillions of hard earned savings. Some of my clients paid cash, some put $100K down etc. This is money they will never see again in their lifetime and this is why I fight for them.

Yes, the banks are losing money but their reserves are far from being empty. The fact that they keep borrowing money so they can safeguard and hide their own money should miff us all off.

The next step in the war is political action, such as a lobby for short sale negotiators. I vote Marty in as lobbyist. After that, class action lawsuits. The banks are afraid of lawsuits, it costs them LOTS of money. (Re: Judges decision over IndyMac for unconscionable actions against a homeowner)

Just my two cents for what its worth…

By: Jim

Jim — Thu, 13 May 2010 11:46:37 +0000

AWESOME! I read Martin’s blog last night! Love it!

DROP the DOUBLE Standards banks and help where it REALLY matters!!

Thanks guys!

By: Barbara Klein

Barbara Klein — Thu, 13 May 2010 10:05:01 +0000

Come on and be a guest on short sale power hour ! we want to hear more!

By: Coach Collard

Coach Collard — Thu, 13 May 2010 10:00:55 +0000

a guest appearance or 20!

Great schtick!