Kent Jackson to Give Keynote Address at Wyvern Stand Out with Safety Forum


Yardley, PA (PRWEB) April 24, 2013

Wyvern Consulting, leading safety auditing, consulting, and data management firm is hosting their first conference, titled, Stand Out with Safety Forum. The two day conference will be held on May 1-2, 2013 at the Viceroy Hotel in Miami, Florida. The event held in conjunction with Avinode Academy, will feature breakout sessions, Kent Jackson as guest speaker, and product demos on both the Avinode and Wyvern systems.

Kent Jackson is a partner with the law firm of Jackson & Wade, LLC. He writes the legal column for “Business & Commercial Aviation Magazine,” and has authored Jeppesen’s FARs Explained book series since 1992. Kent has served on the Fractional Aircraft Rulemaking Committee, and also Part 125/135 Rulemaking Committee.

As keynote speaker, Kent will share his wealth of aviation knowledge and experience on topics of discussion centering on the challenge of overcoming illegal charter in the industry, and operating with honesty and integrity when conducting business. He will also discuss the importance of developing a safety culture in the air charter environment, as well as the relevance and feasibility of marketing and communicating an operator’s safety commitment to their customer.

The first day of the event, following the Customer Advisory Board meeting, will feature the session, The Wyvern Standard Dialogue, which gives participants the opportunity to engage with Wyverns Customer Advisory Board to discuss changes and updates to the Wyvern Standard. Other session topics include Marketing Your Safety Operation, How to Get Employee Buy-In to a Safety Culture? Get the Facts about Grey Charter, and Are you a Wingman? Benefits and Value of the Wyvern audit.

The Stand Out with Safety Forum will be held in conjunction with Avinode Academy. Avinode, the largest online marketplace for air charter hosts Avinode Academy which provides users an in-depth training and information session of the Avinode system. The two day event will provide attendees with the opportunity to network with their peers from around the world, participate in discussions to learn how to strengthen and market their safety operations, provide feedback and discussion surrounding the Wyvern Standard, and learn how to navigate the Wyvern and Avinode systems.

Those interested in attending the forum can register at http://www.avinode.com/mia-2013/. The cost to attend the forum is $ 199 for one day and $ 299 for two days. A discounted room rate will be offered to all attendees at the Viceroy. Attendees can book their room at the Viceroy via the link https://gc.synxis.com/rez.aspx?Hotel=23399&Chain=1003&group=1304AVIN. For more information on Wyvern visit http://www.wyvernltd.com and Avinode http://www.avinode.com.

About WYVERN

Wyvern is a global leader in aviation safety auditing, consulting and information services, providing one of the most rigorous onsite safety auditing packages in the world, through its Wyvern Wingman Operator program, as well as, a best practice program for brokers, through the Wyvern Registered Broker system. Wyvern also promotes consumer education through its PASS system. With a Wyvern PASS report charter buyers receive up-to-date safety information about the operator, aircraft and crew of their flight. Corporate flight departments, travel departments, fractional programs and charter brokers use Wyvern as their primary source of aviation safety information. Wyvern is headquartered in Yardley, PA in the U.S.A. with an additional office in Gothenburg, Sweden. Learn more at wyvernltd.com







Can someone explain Securitizations and CDOs and how they contributed to the economic collapse?

Question by Charlie: Can someone explain Securitizations and CDOs and how they contributed to the economic collapse?
I’m writing a research paper and I can’t get a grasp of HOW these aided in the collapse of companies.

Best answer:

Answer by LouBee
It made it easy to unload toxic loans on unknowing investors.

Know better? Leave your own answer in the comments!

Q&A: On a foreclosed home, who negotiates the price on behalf of the mortgage owner(s)?

Question by Gaetan: On a foreclosed home, who negotiates the price on behalf of the mortgage owner(s)?
Let’s say, a home goes through foreclosure. Its related mortgage was pooled and securitized among thousands of others. Now, the home is for sale. The real estate broker incentive is to set a low price to turnover the property quickly. That’s because for a broker time is money.

So, who negotiates the price and protect the fragmented owners interest (MBS investors). Is it the servicer of the mortgage? But, because of his own operating cost he also would have an incentive to sell quickly at a low price. How about the securitization bond trustee. Does the trustee step in and negotiate with the broker what price is deemed acceptable to the MBS investors?

You can see it is kind of a gnarly question. If you have a clear understanding of this process, please educate me.

Best answer:

Answer by Pengy
No one because in the end you are ultimately responsible, and the interest and charges keep adding up.

Add your own answer in the comments!

Blackcircles.com: Survey Shows Ignorance of Tyre Maintenance Endangering UK Motorists

Edinburgh, UK (PRWEB UK) 24 May 2013

Despite the efforts of the tyre industry to educate drivers, over half of UK motorists do not carry out any form of tyre maintenance. That was one of several findings in a recent survey carried out by market research agency Opinion Matters on behalf of online tyre retailer Blackcircles.com.

Overall, the survey suggests an alarmingly low level of knowledge on the link between tyre maintenance and road safety.

Of the 1,176 participants in the survey, 67% did not know which model or brand of tyre was fitted to their vehicle. In the recent Opinion Matters survey commissioned by Blackcircles.com, it was found that 56% of participants do not carry out tyre maintenance themselves – 77% of women dont check and maintain their tyres and are three times less likely to check and maintain their tyres than their male counterparts.

A large proportion of the British population do not take an active interest in maintaining their tyres, but Im sure they would if they knew the road safety implications, said Michael Welch Managing Director of Blackcircles.com.

We want to see these numbers improve for the better, and we think the industry is turning a corner by providing a real commitment to raising awareness around the dangers associated with defective or illegal tyres.

Knowing the tyres and how they perform is an important part of the decision making process when buying new tyres. Every tyre manufacturer has a wide range of different models within their catalogue. Each tyre model is different, having been designed to meet a specific set of needs including wet conditions, winter or longevity and fuel efficiency.

However, an understanding of tyres shouldnt stop once theyre on a car. Being well versed in maintenance, or at the very least how to carry out safety checks, is a responsibility that many drivers seem to either not know, or simply not carry out.

Getting tyre maintenance right is important to both safety and fuel efficiency as is stated on the Michelin Tyres website. A tyre with 5 pounds per square inch (psi) under inflation will take 5m longer to brake and tyres under inflated by 15 psi can increase rolling resistance, leading to around 6% greater fuel consumption.

NOTES TO EDITORS

Launched in 2001, Blackcircles.com is the leading UK online tyre retailer with an emphasis on competitive price points and added customer value such as Tesco Clubcard Points.

With headquarters in the Scottish borders town of Peebles, Blackcircles.com has grown through strategic ventures and partnerships with independently owned garages.

The Managing Director of Blackcircles.com is Mike Welch, former Head of e-Commerce at Kwik Fit. The Chairman of Blackcircles.com is Graeme Bissett, former Group Finance Director of Kwik Fit.

Blackcircles.com sells a comprehensive range of tyres for cars, vans and motorbikes, including high performance and 4×4 tyres.

The company has a UK network of over 1,400 fitting outlets from Thurso in Scotland to Truro in England, and sells to around 600,000 customers with a 98% satisfaction rating.




Related Finance Press Releases

What caused the Subprime Mortgage Crisis that Caused 2008 Financial Disaster?

Question by Rocky: What caused the Subprime Mortgage Crisis that Caused 2008 Financial Disaster?
New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis that Caused 2008 Financial Disaster
Posted by Jim Hoft on Saturday, December 22, 2012, 9:48 AM

In his early activist days, Barack Obama the community organizer sued banks to ease lending practices.

State Sen. Barack Obama and Fr. Michael Pfleger led a protest against the payday loan industry demanding the State of Illinois to regulate loan businesses in January 2000. During his time as a community organizer Barack Obama led several protests against banks to make loans to high risk individuals. (NBC 5 Week of January 3, 2000)

Here’s something that won’t get any play in the liberal media…
A new study by the respected National Bureau of Economic Research found that Democrats are to blame for the subprime mortgage crisis.
Investor’s Business Daily reported:

Democrats and the media insist the Community Reinvestment Act, the anti-redlining law beefed up by President Clinton, had nothing to do with the subprime mortgage crisis and recession.

But a new study by the respected National Bureau of Economic Research finds, “Yes, it did. We find that adherence to that act led to riskier lending by banks.”

Added NBER: “There is a clear pattern of increased defaults for loans made by these banks in quarters around the (CRA) exam. Moreover, the effects are larger for loans made within CRA tracts,” or predominantly low-income and minority areas.

To satisfy CRA examiners, “flexible” lending by large banks rose an average 5% and those loans defaulted about 15% more often, the 43-page study found.

The strongest link between CRA lending and defaults took place in the runup to the crisis — 2004 to 2006 — when banks rapidly sold CRA mortgages for securitization by Fannie Mae and Freddie Mac and Wall Street.

CRA regulations are at the core of Fannie’s and Freddie’s so-called affordable housing mission. In the early 1990s, a Democrat Congress gave HUD the authority to set and enforce (through fines) CRA-grade loan quotas at Fannie and Freddie.

It passed a law requiring the government-backed agencies to “assist insured depository institutions to meet their obligations under the (CRA).” The goal was to help banks meet lending quotas by buying their CRA loans.

But they had to loosen underwriting standards to do it. And that’s what they did.

Republicans warned Democrats of the impending doom in 2004.
video
Fannie Mae/Freddie Mac Hearings 2004

But Democrats wouldn’t budge.

http://www.thegatewaypundit.com/2012/12/new-study-finds-democrats-fully-to-blame-for-subprime-mortgage-crisis-that-caused-financial-collapse/

http://news.investors.com/ibd-editorials-perspective/122012-637924-faults-community-reinvestment-act-cra-mortgage-defaults.htm?p=full

Best answer:

Answer by Darla
The Gramm(R) Bliley(R) Act of 1999.

What do you think? Answer below!

Q&A: Are we foolish to trust the credit reporting agencies?

Question by Joe in texas: Are we foolish to trust the credit reporting agencies?
Since they do not use debt/equity ratios or income amounts to calculate credit risk.
The credit rating agencies gave a high rating to institutions with bad loans given to unworthy borrowers in the sub-prime mortgage mess. Are the consumer credit rating agencies creating a bigger disaster with their voodoo credit rating system?

Credit rating agencies are now under scrutiny for giving investment-grade ratings to securitization transactions (CDOs and MBSs) based on subprime mortgage loans.

Is concumer credit the next crisis?

Best answer:

Answer by heybulldog
Trust isn’t the right word.

The sub-prime mess came about from fico score lending. They lent people money based on a stupid score and not looking at the person behind the number.

Building credit is the biggest joke of the 21st century.
It will bring nothing but debt.

We have enough Government in our lives.
The Government is not gonna fix you. You are.

Give your answer to this question below!

Q&A: Do conservatives really think this recession was caused by regulation?

Question by Wtfsthe Deal: Do conservatives really think this recession was caused by regulation?
Deregulation allowed the merger of banks that created banks that would be systemic risks if they failed
Deregulation allowed massive increases in financial liabilities of banks, through relaxed leverage limits, and led to insolvency after capital reserves decreased by just a few percent
Deregulation allowed the bribery of the ratings agencies
Deregulation allowed the fraudulent trading of derivatives
Deregulation allowed the securitization of mortgages, which encourages predatory lending
Deregulation allowed several insurance policies to be taken out on the same derivative, which brought AIG to its knees.

How on earth could anyone think that regulation caused this crisis?
Being forced? Are you really talking about the community reinvestment act? What a joke.

The securitzation of mortgages relieves local and investment banks from the responsibility if loans they make dont get paid. It placed all the responsibility on the investor and on AIG, and eventually became a system than encouraged the signing of sub prime loans, just to increase the volume of collateralized debt obligations being packaged and sold. It encourages predatory lending. Relaxed limits on leveraged allows banks to loan out as much as 30 times as much as they actually owned, as opposed to the normal 7 times before the conservatives had their way. If banks werent allowed to loan out that much money, as they hadnt been for years, a small decrease in their capital wouldnt have equated to a huge drop in their reserves to liabilities ratio, and they would have remained solvent and never even needed a bailout.
“What both sides fail to understand is that none of this would have happened if Congress didn’t change the laws set in place during the Great Depression.”

Republicans repealed those laws!!! Republicans repealed glass steagle, made derivatives illegal to regulate, and relaxed leverage limits!!! democrats understand it perfectly well.

Best answer:

Answer by shea c
its all Obama fault

Add your own answer in the comments!

What is the significance of the Community Reinvestment Act of 1977 (passed during the Carter Administration)?

Question by abe frohman: What is the significance of the Community Reinvestment Act of 1977 (passed during the Carter Administration)?
How did the changes to the law in 1995 (Clinton Administration) affect this law?

“The 1995 revisions were credited with helping to substantially increase the amount of loans to small businesses and to low- and moderate-income borrowers for home loans. Part of the increase in the latter type of lending was no doubt due to increased efficiency in the secondary market for mortgage loans. The revisions allowed the securitization of CRA loans containing subprime mortgages. The first public securitization of CRA loans started in 1997.”

Best answer:

Answer by Jack Hoff
Correct me if I’m wrong but I believe the significance is an old, old wooden ship used by the pioneers in the Civil War Era.

Give your answer to this question below!

Do you agree that the profession of “Economist” and all related professions have been thoroughly discredited?

Question by billke: Do you agree that the profession of “Economist” and all related professions have been thoroughly discredited?
No one predicted and prevented this financial crisis. If anything, the prevailing view of Economists was to add fuel to the flames due to their insistance on globalization, securitization, and idiotic interest rate policies.

But the main point is… why the fck didn’t anyone predict this before it happened. WHy are all these economists with PhD’s running bloviating their theories, yet did absolutely nothing to predict or prevent this. They are all bull-shyt artists.

Best answer:

Answer by SDD
On the contrary. Many, many economists* and other observers predicted this sort of thing based on the way Congress encouraged Fannie Mae and Freddie Mac to buy government subsidized high risk loans. The Senate even considered a bill in 2005 to block more of this sort of lending, but Democrats blocked it.

* To name one — Bob Schiller of Yale. You’ll recall that he was also the one that warned about the “irrational exuberance” of the stock market in the late 90s. Few responded then either.

What do you think? Answer below!

What pieces of literature can I read regarding governments?

Question by Vito Perez: What pieces of literature can I read regarding governments?
More specifically, I’m looking for the ones that are about government corruption, proletariat exploitation, capitalism vs. socialism issues, securitization, government-conducted genocides (like the one going on here in America), social Darwinism, man-made HIV virus, and others. Also, those read by Sage Francis, Mos Def, Immortal Technique would be appreciated.

Best answer:

Answer by thecharleslloyd
Here is a review that might help you; http://www.lga.gov.uk/lga/core/page.do?pageId=1314588

Add your own answer in the comments!

Q&A: What is securitization in finance?

Question by aayntu: What is securitization in finance?
I’m learning about securitization in my finance class right now, but I have a weak grasp of what it really is. Can someone please give me a simple definition of securitization and the process of it?

Best answer:

Answer by ldjamieson
It is basically taking a bunch of financial products, packaging them under some form of contract as a new financial product (a security) and selling it. Making a security out of something is securitization.

Add your own answer in the comments!

Has You Mortgage Received A Securitization Audit?? – What IS This??

Has You Mortgage Received A Securitization Audit?? – What IS This?? This audit tracks and traces the line of ownership of you mortgage and should be done if …
Video Rating: 5 / 5

HBN ( www.hbn.cc 323-522-5635) provides service to property owners to protect their legal interests, defend against pretender note holders, and banking entit…

Q&A: Why a few mortgages in a package of mortgages can make the package worthless?

Question by Charles D: Why a few mortgages in a package of mortgages can make the package worthless?
Last night on “60 Minutes,” the reporter stated that one guy made a lot of money on failing securitizations of mortgages b/c he realized that if just a few mortgages failed, the whole security would be worthless. This is one part of the financial mess I never quite understood–or if I did, I’ve forgotten the explanation.

TIA

Best answer:

Answer by d3
The reason they can be worthless is because they are backing loans on homes that are in default. Some of these loan amounts are higher than the value of the home. Basically the value of a loan with negative equity that is in default is 0. Think of these like savings bond, how much would that bond be worth if it is no longer paying any divedents and the company that backs it is going out of business.

Add your own answer in the comments!

What did Barney Frank have to do with wrecking our economy?

Question by Change Now: What did Barney Frank have to do with wrecking our economy?
I am reading The Big Short by Michael Lewis.

It’s about how the Wall Street geniuses were allowed by the GOP Congress under Clinton to wreck our economy thru the securitization of mortgage loans into AAA rated bonds.

The SEC under Bush was absent or was told to be absent by the Republicans (remember Bernie Madoff)

No where is Barney Frank mentioned. What role if any did he play?

Best answer:

Answer by Chris Christie
Fannie Mae

That book is liberal lying bullshit!

Carter’s Community Reinvestment Act started the ball rolling on the eventual collapse.
Threats of racism accusations by the Congressional Black Caucus kept anyone from repealing it.

http://en.wikipedia.org/wiki/Community_Reinvestment_Act

Give your answer to this question below!

Why do people still think the economic meltdown was caused by Jimmy Carter’s Community Reinvestment Act?

Question by Change Now: Why do people still think the economic meltdown was caused by Jimmy Carter’s Community Reinvestment Act?
This is the most ignorant thing I have heard so far from this economic meltdown.

Don’t people know that securitization of residential and commercial mortgage and the out of control derivatives is what caused this mess.

The CRA contributed, but an extremely minor role. I heard that as little as 1 out of 20 bad mortgages were attributable to the these type of subprimes.

If someone can provide evidence to the contrary, I would be grateful.

Best answer:

Answer by Proud Texan
Fox fictional News and Rush Limbaugh told them to believe it without question.

Give your answer to this question below!

Cool Chain Of Title Audit images

Some cool Chain of Title Audit images:

Newark Foreclosures & Chains of Title / Red Lines @ Queens Museum of Art
Chain of Title Audit
Image by jann_on
Red Lines Housing Crisis Learning Center:
2009 exhibition by Damon Rich of the Center for Urban Pedagogy, hosted by the Queens Museum of Art
Larissa Harris, Commissioning curator; Project Coordinator for Queens Museum Installation: Rana Amirtahmasebi
Museum Director: Tom Finkelpearl

"The Neighborhood Economic Development Advocacy Project collected the foreclosure information. . . . The Regional Plan Association, an independent planning group, then crunched the numbers using the Geographic Information System — a mapping program — to create maps of every inch of the city indicating where there had been foreclosures of single- to four-family homes in 2008."

"Red Lines Housing Crisis Learning Center is funded by grants from The Andy Warhol Foundation for the Visual Arts and Artists & Communities, a program of Mid Atlantic Arts Foundation, which is made possible by major funding from Johnson & Johnson, the New Jersey State Council on the Arts, and the JPMorgan Chase Foundation. A publication funded by The Graham Foundation for Advanced Studies in the Fine Arts will be available during the exhibition. Additional support provided by the New York City Department of Cultural Affairs and New York State Council on the Arts."

www.queensmuseum.org/2632/red-lines-housing-crisis-learni…
community.queensmuseum.org/lang/en/blog/corona-plaza/redl…
www.nytimes.com/2009/07/08/arts/design/08panorama.html?_r=0
www.cjr.org/the_audit/go_to_queens_museum_get_mad.php
www.flickr.com/photos/panoramaqueensmuseum/sets/721576210…
artforum.com/words/id=23001
www.pbs.org/newshour/video/module.html?mod=0&pkg=1510…
www.citylimits.org/news/articles/3789/on-exhibit-housing
video.foxbusiness.com/v/3894109/ny-panorama-highlights-fo…
video.corriere.it/?vxSiteId=404a0ad6-6216-4e10-abfe-f4f69… (in Italian)
www.clairebarliant.com/artwriting/adaptive-reuse/
www.tandfonline.com/doi/abs/10.1080/08935691003625372
www.businessinsider.com/irvington-new-jersey-sub-prime-pr…
www.nytimes.com/2009/05/17/nyregion/new-jersey/17newarknj…

Queens Museum of Art:
Architect: Aymar Embury II
Opened: 1939
Renovated 1964 by Daniel Chait.
Renovated in 1994 by Rafael Viñoly.
Expansion scheduled in 2013, under the helm of Grimshaw Architects with Ammann & Whitney as engineers.

"Built to house the New York City Pavilion at the 1939 World’s Fair, where it housed displays about municipal agencies. . . . It is now the only surviving building from the 1939/40 Fair. After the World’s Fair, the building became a recreation center for the newly created Flushing Meadows Corona Park. The north side of the building, now the Queens Museum, housed a roller rink and the south side offered an ice rink. . . . From 1946 to 1950 . . . it housed the General Assembly of the newly formed United Nations. . . . In 1972 the north side of the New York City Building was handed to the Queens Museum of Art (or as it was then known, the Queens Center for Art and Culture)."

The other half of the building was an ice-skating rink from 1939–2009.

www.queensmuseum.org
www.queensmuseum.org/about/aboutbuilding-history
twitter.com/QueensMuseum
en.wikipedia.org/wiki/Queens_Museum_of_Art
www.facebook.com/QueensMuseum
vimeo.com/queensmuseum
en.wikipedia.org/wiki/Aymar_Embury_II
en.wikipedia.org/wiki/Ammann_%26_Whitney
grimshaw-architects.com
artsengaged.com/bcnasamples/chapter-fifteen-being-good-ne…

Two New Practical Guides Explain How to Tackle Business Continuity Management Challenges

Ely, England (PRWEB UK) 17 May 2013

ISO22301 and business continuity management (BCM) come under the microscope in two new titles from specialist publisher IT Governance Publishing (http://www.itgovernancepublishing.co.uk/) (ITGP).

A Managers Guide to ISO22301, by established author and operational risk management and business continuity expert Tony Drewitt, provides a comprehensive guide to understanding BCM and ISO22301. Drewitt has helped small, medium and large organisations develop their BCM policies, strategies and plans since 2001.

Offering a concise and practical overview of the subject, A Managers Guide to ISO22301 is essential reading for all managers, executives and directors with any interest or involvement in operational risk or business continuity management.

Drewitt says: You cant start planning to deal with disaster when disaster is striking. Once it occurs, operational risk – the risk of the unexpected disrupting your business – can be wide-ranging, with effects that extend from financial loss all the way through to catastrophic business failure.

The emergence of the ISO22301 international standard for business continuity, together with a certification scheme, puts management and customers in a position where they can look for evidence that their company, and its supply chain, is genuinely prepared and in a state of overall readiness. Thanks to the fact that ISO22301 is a specification, users are also provided with a set of standard requirements when conducting an audit.

Drewitt has also authored a second new title from ITGP, entitled ISO22301 – A Pocket Guide. The book offers a brief compendium of expert advice on how to satisfy the requirements of ISO22301.

Dedicated to helping readers understand business continuity international practice and what they might need to do to develop a fit-for-purpose BCM system, the work provides the essentials of BCM in a nutshell.

Drewitt says: ISO22301 gives the what but not the how of BCM. The Pocket Guide provides a top-level insight into what is required to develop world-class BCM capability and will help readers to decide when to embark on the development of a BCM system.

A Managers Guide to ISO22301 can be ordered online, in multiple formats, at http://www.itgovernance.co.uk/shop/p-331.aspx (UK) and at http://www.itgovernanceusa.com/product/141.aspx (US). ISO22301 – A Pocket Guide can be ordered online at http://www.itgovernance.co.uk/shop/p-392.aspx (UK) and at http://www.itgovernanceusa.com/product/125.aspx (US).


Ends –

NOTES TO EDITORS:

IT Governance Ltd is the single-source provider for books, tools, training and consultancy for governance, risk management and compliance. The company is a leading authority on data security and IT governance for business and the public sector. IT Governance is non-geek, approaching IT issues from a non-technology background and talking to management in its own language. The companys customer base spans Europe, the Americas, the Middle East and Asia. More information is available at: http://www.itgovernance.co.uk.

IT Governance Publishing (ITGP) is the wholly owned IT Governance Ltd publishing imprint. ITGP is the worlds leading IT-GRC publisher, specialising in books, toolkits and training aids. Insightful and authoritative, ITGP has published books that are the fruit of partnerships with industry-insider authors and blue chip companies such as Capgemini, CA Technologies and Deloitte. More information is available at http://www.itgovernancepublishing.co.uk.







Related Chain Of Title Audit Press Releases

Why do people continue to think the banks were forced to create bad mortgages?

Question by Change Now: Why do people continue to think the banks were forced to create bad mortgages?
This is the most ignorant statement I hear people make on this post.

The banks were not forced to make bad loans. They did it on their own free will because of the creative financing technique called securitization.

If they are talking about CRA, that was a very minor part of the overall picture.

Best answer:

Answer by DAR
THe CRA was a key part of the picture, actually. And as for the rest, it is the federal reserve fixing interest rates so low the resulting free money to wall street had to find a bubble to build. The CRA and Fannie Freddie guarantees just guaranteed that that bubble would be in housing.

What do you think? Answer below!

Awaiting short sale approval?

Question by Christina C: Awaiting short sale approval?
I live in GA : Currently still have pending approval on short sale and tax relief expires 12/31 … At this point what can I do to avoid having to pay the tax on the property.. Should I continue to wait for the approval or let it go to foreclosure ? please advice

Best answer:

Answer by Melanie
You can possibly avoid the short sale altogether by obtaining a securitization audit and presenting it to your lender. You could then leverage the information in the audit to obtain a loan modification.

Here’s a success story right up your alley:

http://finance.boston.com/boston/news/read/22243546/sonoma_county_resident_obtains_a_loan_modification_from_bank_of_america_by_means_of_a_securitization_audit

The securitization audit, when performed by companies like Paladin Securitization Auditors, will effectively show any Federal Trade Commission violations in a securitized home loan. Also, they will usually show that the servicer does not have the authority to foreclose on a property since 9 out of 10 times they don’t have the actual mortgage note.

Even if you haven’t officially obtained a sale date yet, you can give them a call or email them. They offer a free consultation with no strings attached. Here’s their web page:

www.securitizationauditservices.com

They have a pretty big list of success stories on the site too.

Good luck!

Give your answer to this question below!