Judicial Foreclosure States Have Worst Foreclosure Rates

An interesting news piece this afternoon:

"Foreclosures were completed on fewer properties in July than during the month-earlier and year-earlier periods. Even the biggest foreclosure state slowed its activity. Non-judicial foreclosure states were dominant among states with the greatest number of filings, but the worst rates of foreclosure were in judicial foreclosure states.
The volume of U.S. foreclosures completed last month by mortgage servicers fell 6 percent from June. Improvement was a more significant 16 percent compared to July of last year.
During the 12 months ended July 31, completed foreclosures totaled 794,744, inching up from the previous month's 12-month total of 793,663."

Foreclosure Defense Marketing

Sent out the Press Release with those positive success numbers I have shown you below, to a marketing list of Bankruptcy & Foreclosure Defense Lawyers across the Country. Like the last four monthly e-mails I have sent out (trying to get their attention), my 45% 'read rate' has continued to please me - however - converting those readers into looking deeper into our website, has pretty much escaped me so far; got OK numbers there but want better.

What I think I am learning is this simple fact: My target audience knows very little about my emerging industry (or may have had a bad experience or two themselves with other 'mortgage forensic auditors') and the real value our product can be for them, and by extension, their Client base of struggling homeowners.

Of course I recognize it's my job to explain what they can do with our report, and naturally, how we're different/better than Tom, Dick or Harry. When I explain to my college-aged Grand-daughter what Grandpa does, I tell her 'Grandpa is a Foreclosure Fraud Investigator Honey', her face then says HUH? - so I understand I need to explain this better.

FL Winding Down Foreclosure Law Firm Investigations

Even though no names were used in this industry news piece I saw this past Mondauy, I'm certain I have done Audits with clowns like these!

"Florida is winding down investigations into several law firms that were suspected of using forged and fraudulent documents in the foreclosure process. The lack of actions against these firms has raised the ire of some.

Florida Attorney General Bill McCollum announced in August 2010 that an investigation had been launched against three law firms that handled foreclosures for mortgage servicers. The firms were suspected of illegally speeding cases through the courts with botched foreclosure documents.
The number of investigated firms expanded, and only one of those firms has since agreed to a settlement with the state. In addition, the state is winding down investigations into the remaining firms."

PressRelease issued today - a 94% Success Rate !!

Wow, we're all excited here! My gut told me the math would look pretty good after the completion of the examination of our books and records.  But, after a review of more than 100 Audits we performed (it was actually 123 which were reviewed), only a small handful of them were not successful in getting Borrower foreclosures suspended. And that's our Goal; we battle for the consumer in their up-hill fight against certain foreclosure practices.

Obviously, not a perfect score - but that's damn close!