Who's Spying On You?

The Search Engine That Does Not Spy On You

Originating with Yoni Heisler of BGR and republished by Yahoo! Tech, non-spying search engine useage is skyrocketing:

When it comes to search, there’s really been only one name that has mattered for the last 15 ears: Google. And though Google remains the top search engine on the planet by a wide, wide margin, that’s not to say that there isn’t any competition. There is, of course, Microsoft’s Bing. But also making strides in search is DuckDuckGo, a search engine which prides itself on not tracking users and valuing privacy and pertinent search results above all else. Continue Reading

Mortgagee Letter 2015-15

On Friday, the Federal Housing Administration (FHA) released new guidelines via Mortgagee Letter 2015-15, under which lenders would be allowed to defer foreclosure for certain eligible non-borrowing spouses with home equity conversion mortgage (HECM) case numbers assigned before Aug. 4, 2014. Continue Reading

Health and Safety Hazards

VA Debris Removal

b. Debris Removal. Generally, cleanup of the property or removal of debris will be the responsibility of VA, once custody of the property is transferred following a foreclosure sale or deed-in-lieu. However, holders are required to remove unhealthy or hazardous materials from the exterior and interior of properties prior to transferring custody of vacant properties and must adhere to the local municipal health and safety requirements regarding the proper disposal of said materials. For clarification, examples of health and safety hazards include, but are not limited to, highly flammable chemicals, decaying food or other organic matter, dead animals, broken glass or other sharp objects, and large quantities of paint or paint products. Continue Reading

Securing Above Ground Swimming Pools For VA

(4) Securing Above Ground Swimming Pools.  

If the property has an above ground pool in good condition (i.e., built-up with decking or other infrastructure that will support a pool cover) treat it as an in-ground pool. Above ground pools that are in poor condition, or that cannot be secured, should be removed. Mr P. Says: If an above ground pool is removed, the earth beneath the pool must be leveled and cleaned of all debris. Continue Reading

VA Securing of Swimming Pools

(3) Securing In-Ground Swimming Pools. Holders are required to comply with all local ordinances pertaining to swimming pools. In-ground pools (including any hot tub or spa that shares the same filtering system as the pool) must be secured but not drained. Pools (including the hot tub or spa that shares the pool filtering system), must be covered with material in such a way as to prevent an individual from accidentally falling into them. Fences must be secured to restrict access to the pool. Continue Reading

Re-Securing VA Properties

(1) Re-securing the property. Re-securing the property is reimbursable, provided the initial securing of the property has been violated (no longer effective). Although the re-securing fee maximum allowable amount is $0.00, VA will review re-securing fees on appeal, at which time documentation to evidence the actual cost, date, and description of work completed must be submitted to justify re-securing the property. Mr P. Says: Although VA has set a re-securing fee of $0.00, contractors should fully document and bid any re-securing needed. If warranted, the bid would probably be approved. Continue Reading

VA Circular 26-09-12 – Veterans Benefits Administration

8. Reimbursement. Subject to the maximum guaranty payable, VA reimburses holders via the claim under guaranty for property inspections and preservation costs incurred up to the date of loan termination, or the expiration of 210 days from the due date of the last paid installment plus the foreclosure timeframe for that state, whichever is earlier. All reimbursements are subject to the maximum allowable amounts, but actual expenses in excess of the maximum allowable amount may be appealed. It is not the intent of VA to attempt to regulate the amounts that servicers may pay for the services performed, but to standardize the reasonable maximum amount that VA reimburses for such services. Continue Reading

VA Property Preservation Requirements For Insurance

7. Risk for Loss or Damage. Under 38 CFR 36.4823, holders bear responsibility for any loss due to damage or destruction of the property or personal injury sustained in respect to such property from the date of acquisition by the holder to the date such risk is assumed by VA. Risk is assumed by VA on the day successful electronic acceptance of the “Transfer of Custody” event is indicated in the VALERI application. If the “Transfer of Custody” event is rejected, risk remains with the holder. Continue Reading

VA Property Preservation Contractors Should Follow Local Code Requirements

6. Local Requirements. Holders must ensure compliance with all city, county, or other ordinances concerning property preservation. Most security instruments have a provision that permits the holder to take action to protect the property securing the loan, to advance any reasonable amount necessary and proper for the maintenance or repair of the security, and to add such an advance to the guaranteed indebtedness. The removal of hazardous materials, the correction of hazardous conditions, and the avoidance of liens are primary concerns. Continue Reading