Monday, February 22, 2010

Order of Battle in foreclosures

As you know, it is the policy of my firm to advance all fees and costs in collections and foreclosure actions. Part of the problem we face is that we have "gone down the rabbit hole," as in Alice in Wonderland. Try as we might, it's nearly impossible to keep up with spending approximately $700 per foreclosure and out-of-pocket costs advanced by the firm to initiate foreclosures against delinquent owners. That poses the question for a number of clients, namely if they provide a cost deposit, can we get there matter faster? The answer is of course, yes. We fund our clients foreclosures out of operating income, and are spending about $5000 a week in the outgoing costs, but we still are finding it hard to keep up. Recently, a client posed an interesting question that I thought I would share with you. Here's the e-mail, followed by my response:

On Wed, Feb 17, 2010 at 9:11 PM, Client name wrote:

Hi Bob,

Thank you for sending us your ledger and allowing us access to the new website. The information has been extremely helpful.

The board would like your recommendations on which units we should pay $700 in costs upfront to expedite the process.

Thanks again for your attention to our concerns. We look forward to continued progress with you.


Hey (Client) , that is a business judgment; I really don't have the time to analyze each of your delinquencies....I suggest the following as a guide..

Are there rented units? They can all be sued at once and I can have a receiver appointed to collect the rent. I need that info stat.....

Second if there are units in mortgage foreclosure, do I have copies of all complaints? We have found that 60%++ of all foreclosures are brought in bad faith; watch this video (a link to my website, which links to about 30 YouTube videos), in fact watch all my collection videos!!! Maybe we can set aside the foreclosure, allowing a clear path to our own foreclosure...

Any delinquency not in foreclosure is an obvious choice...

As to those in foreclosure go to the Pinellas clerk's web site and see if you can tell how fast or slowly the action is going, and watch my video "foreclosure in a foreclosure", both parts.....

Let me know if I can be of further help...., Bob

Tuesday, February 9, 2010

CCFJ incites hate speech

I am a fan of sorts of the site, I appreciate Jan Bergmann's point of view but I disagree with it. Recently I asked him to stop referring to "Gestapo" Boards. That type of reference has no place in disagreements about operations of community associations. When I suggested to him that it is offensive and that many of my relatives were murdered by Germans he took offense as not every German participated in the war (crimes) and there were even some "Righteous Gentiles" and people who actively opposed the Nazis....nevertheless nothing any board has ever done comes close to what the Gestapo paerticipated in.

Jan disagrees with me telling me I need a history lesson; here's my history lesson for everybody who uses "Gestapo" or "Nazi" in ANY political discourse: STOP IT! It adds nothing to the debate and incites violence towards directors who risk enough of theor time to try to do the best for their boards. Let Jan know if you agree with me...