Fannie Mae Says Foreclosure Delays Represent a Breach by the Servicer

By: Carrie Bay The nation’s largest mortgage company is about to start cracking down on servicers for letting delinquent loans languish too long without action. Fannie Mae issued a notice this week alerting servicers that it is monitoring all delinquent loans in its portfolio and mortgage-backed securities (MBS) pools to ensure foreclosures are handled within […]

Continue reading...

Foreclosures rise again despite best efforts

Business First of Columbus – by Kevin Kemper Homeownership in Central Ohio has continued its dramatic erosion this year as another wave of foreclosures washes over the region. Despite the improving economy and the best efforts of homeowner-assistance programs, 3,714 foreclosure lawsuits were filed in the eight-county Columbus region in the first quarter, up 5.4 […]

Continue reading...

“The Johnny O Show” – Episode #4

hey hey hey…  we are back with another episode of the internet’s most passionate REO & Foreclosure show!  In this episode Johnny O takes a stroll around the office introducing you to the amazing staff at New York Online Realty.  The staff is quite dynamic… so you’ll get a kick out of this video. Check […]

Continue reading...

“The Johnny O Show” – Episode#3

Today Johnny O was out in Rockville Centre, New York.  It was a gorgeous sunny day and Johnny was going to check out one of the REO foreclosed assets.  New York Online Realty just assisted in a ‘cash for keys’ in this situation… and Johnny explains exactly what that is. Check out today’s show: [youtube]http://www.youtube.com/watch?v=w2v9bWp_VtI[/youtube] […]

Continue reading...

“The Johnny O Show”… Episode #2

In today’s episode Johnny is on location at a property in the Copiague area of Long Island New York.  He’s there to do a walk through for the bank on an REO that has been sold to an all cash investor. Johnny’s humor and passion for real estate gives you a unique view on the […]

Continue reading...

“The Johnny O Show”… Episode #1

Welcome to the 1st episode of “The Johnny O Show”… The Internet’s Passionate REO & Foreclosure show! In today’s show, Johnny O takes you on a tour of one of our REO assets.  He shows you what we do when we go to check on our assets for the bank.  Johnny’s humor will keep you […]

Continue reading...