HCS History: Press/Papers/Videos

In the 21st century we have experienced one of the most rapid ascensions and descents in real estate history. Many called it a "market correction." Some called it "the housing bubble." Others used the term "real estate crisis."

No matter what you call the roller coaster of the real estate business in this generation, most would agree that it has shaken our country to its core. With a consumer-driven economy, rapid inflation and huge numbers of unemployed workers, many were forced to short sale their homes, have endured the humility of foreclosure on their properties, and even been left homeless.

As a professional mortgage broker for over 25 years, I began to look "why" many who were accused by the media, both directly and indirectly, of strategically defaulting on their mortgages had lost their homes. Were they going to try again? Would it even be feasible for them to re-enter this staple of the American dream called Home Ownership?

I discovered some sad stories, most of which were not what we heard on television or in the news. Some of my clients have even agreed to tell their stories, and that has helped me testify before the U.S. Congress to get policies changed and work toward fixing the problems. Many of these Short Sellers had been told to stop paying their mortgage in order to get their property sold by their lender! Then their valuable credit files were being coded as "foreclosures," which was not correct.

Today, we are working to connect those who lost their homes, but want to obtain a new mortgage and start again; with those who are willing to take the time to correct errors in record, help them state the truth of their case; along with realtors who can work with a new system that helps sell damaged properties within a set of guidelines to make the home repairs part of the mortgage package - and begin renewing our commitment to helping Americans become homeowners once again.

Newspaper Reports:

Fannie Mae finds fix for short-sale glitch Tampa Tribune, Aug. 23, 2013

Fix for Fannie Mae's short-sale credit flaw on way, Sen. Nelson says Aug. 22, 2013

Senator Nelson pushes for reform of "short sales" on credit reports June 25, 2013

Homeowners who used short sales find their credit sunk by computer glitch June 12, 2013

 Sen. Bill Nelson in Tampa today for talks with short-sale officials May 28, 2013

Sen. Nelson slams regulators, credit bureaus for short-sale confusion May 14, 2013  

Mortgage Broker Battles Lender Folly April 6, 2012 
Mortgage broker fights lender folly April 6, 2012 
Tampa Bay Loan Officer Initiates White House Petition to Stop Nationwide Strategic Defaults March 12, 2012

Ken Harney, Washington Post:

For short-sellers, some good news Washington Post, Sept. 6, 2013

The Nation's Housing: Short sales listed as foreclosures on credit reports May 18, 2013

National Mortgage Professional Magazine:

Surge of Past Short Sellers Spotlights New Problems for Sellers With Deficiencies Sept. 9, 2014

Why a Better Short Sale Process Instead of Foreclosure Can Good Credit Flourish July 21, 2014

The Long and Short: The Business of Short Sales ... Two "Fixes" to Use for Past Short Sellers Who Receive a Foreclosure Code on Past Short Sale Credit July 17, 2014

The Long & Short: The Business of Short Sales March 13, 2014

NCRA Hosts 2013 National Conference in Albuquerque Feb. 10, 2014

Solution to Short Sale Underwriting Issues Now Available Dec. 19, 2013

Past Short Sellers Can Be Homeowners Again! A Past Short Seller Tells How Oct. 18, 2013

Lack of Short Sale Code in Credit Reporting System Creating Hardship for Many Consumers March 27, 2012

Grassroots Efforts Enact Governmental Short Sale Changes March 12, 2013

Scotsman Guide:

Give Short Sellers a Second Path August 2014