Rigas Bus

Quote
Anonymous said:
Micromanagers are almost always poor salespeople. The only way they know how to "contribute" is through worthless spreadsheets and total control of daily measures that make absolutely zero impact on the bottom line. Just wait and see what comes out of the call reporting.....check the box big pharma mentality now. Sad.
Click to expand...

How many will she drive out before action is taken? Is this not a detail/rep sensitive product???
 






















































one additional benefit is that you can get paid above scale if you end up being hired by said person even if you were not the best person for the job. probably get treated like royalty even if you don't have the skill sets for that kind of work.
 






I have never worked with a better VP of Sales than Tom Riga and I have been in the business for over 16 years. He is a real stand up guy that you can trust. He has supported a number of my sales strategy initiatives. He is a very bright guy and thinks outside the box.
 






Anonymous said:
I have never worked with a better VP of Sales than Tom Riga and I have been in the business for over 16 years. He is a real stand up guy that you can trust. He has supported a number of my sales strategy initiatives. He is a very bright guy and thinks outside the box.
Click to expand...

Thanks EM. Is that what it's called? Thinking outside the box?
 






When interest rates went down I wanted to refinance. I didnt know anything about any HARP programs or any programs available to refinance if you were underwater in 2009.

I used to talk to GG sometimes about my concerns about property values. When I wanted to refinance, he told me about 3 units that were just sold that had sales prices well above what I needed for my appraisal value.

I contacted BG and told him that 3 units had sold for those prices. He was willing to do the appraisal and my appraisal has those 3 comps in it. Those are the most comparable units possible. Same complex. All 2 bedrooms. Exact units. CC was willing to let BG do the appraisal and he ordered the appraisal.

STI APPROVED the mortgage. STI made the CHOICE to sell the mortgage to Freddie Mac.

With the sale of the remaining 70 or so never sold units to AM who was renting those properties and being on the board of the condo I found out what they paid on average for each unit. I realized how much the value of my condo had plummeted compared to the balance on the mortgage even though I had made a 45k down payment.

I had heard about the FHA refinance option which included principal reduction. I talked to the creator of the program a few times through email and on the phone. She was an Obama appointee. I wanted to do this program. I worked tirelessly to get the complex FHA approved with the help of the property manager so that maybe I would be able to participate in this program and after a few years do a regular sale and get out of this nightmare situation.

The situation as it stood was that I was deeply underwater in a complex of renters and properties with lockboxes on the door.

Throughout most of 2010, I was talking to STI about wanting to participate in this FHA principal reduction program. I think their hands were tied as far as that program because the conservator of Fannie and Freddie did not want to go the principal reduction route.

I did a FOIA request to see how many people had been able to do this FHA principal reduction refinance program. I never got a response to this FOIA request because shortly after my FOIA request, the results of the program were made public in a news story. I don't remember the exact amount but maybe it was in the single digits. Maybe under 10.

I then decided the next option was a short sale. I am a single person no kids living in an apartment type complex among lockboxes and renters. With a short sale, I could move to a nicer place, pay less money and not be underwater. I knew short sales with no late payments existed but it was very very rare at that time. Banks were forcing people to go late at least one payment and that was a problem for me. I would not have done it if I had to go late on it.

I contacted several realtors who would not do my short sale because I gave the condition that it was to be a short sale with no lates.

DD had a friend at MJO who was working on DD's FORECLOSURE in Maricopa. DD referred me to JH and JH told me he had just hired a realtor who was hungry and would be willing to work on this short sale with no lates. JC was the realtor. A totally great guy. He came down to take pictures. I kept the condo pristine so this condo stood out among the other ones. JH set the price at 74,900.

I filled out all the paperwork including a hardship letter. I also sent it to STI.

STI did not own my mortgage. MJO did not own my mortgage.

DD and DD did not own my mortgage. JH did not own my mortgage. BC did not own my mortgage.

JaC did not own my mortgage. DJ did not own my mortgage. TW did not own my mortgage.

CC did not own my mortgage. GH did not own my mortgage.

KY did not own my mortgage. BT did not own my mortgage.

CFS did not own my mortgage. LRC did not own my mortgage.

JB did not own my mortgage. JK did not own my mortgage. JM did not own my mortgage.

FREDDIE MAC OWNED MY MORTGAGE and I was working on the banking part of the deal with Freddie Mac all along. What I told them included, but was not limited to the true hardship reason for doing this short sale. Through Bloomberg, I knew the exact bond my mortgage was in so they could easily identify it.

The property sold quickly and STI signed off on this SALE with no late payments and no promissory note owed. Short sale with no lates dropped my FICO only about 80 points. Could have bought a home the next day as FHA has no waiting period for short sales with no lates.

Per the agreement with STI, I got a 1099C. Due to the very intelligent GWB Mortgage Relief Act of 2007, this 1099C eliminates the need to pay taxes on the loan forgiveness. This Mortgage Relief Act of 2007 which expired 12-31-12 has now been extended in the fiscal cliff deal.

If there is any lesson to be learned here.

1. Find out about people by talking to them. Questions are a good way to find out about people. Sometimes people will divulge things. Sometimes they won't.

2. Once you go beyond public records to find out about someone, you run the risk that the information you find is COMPLETELY FALSE AND CAN RUIN THE REST OF YOUR LIFE.
 






KH has been around WS. You don't have to be around WS to know the deal because it's common sense that you dont break the law, but he knows the deal. He can be the SG there now. Be as toxic as he wants. Take as much vaca as he wants. Can be as toxic to SW as he wants. What a TOTAL DICK that guy is. When I said where I was from of course he said he had been to TS! KH can own him! He learned from the best on how to be toxic. SG was the master! He's got the dossier! SG would be more than happy for you to use it as a tool! Thats what she did!
 


















Anonymous said:
When interest rates went down I wanted to refinance. I didnt know anything about any HARP programs or any programs available to refinance if you were underwater in 2009.

I used to talk to GG sometimes about my concerns about property values. When I wanted to refinance, he told me about 3 units that were just sold that had sales prices well above what I needed for my appraisal value.

I contacted BG and told him that 3 units had sold for those prices. He was willing to do the appraisal and my appraisal has those 3 comps in it. Those are the most comparable units possible. Same complex. All 2 bedrooms. Exact units. CC was willing to let BG do the appraisal and he ordered the appraisal.

STI APPROVED the mortgage. STI made the CHOICE to sell the mortgage to Freddie Mac.

With the sale of the remaining 70 or so never sold units to AM who was renting those properties and being on the board of the condo I found out what they paid on average for each unit. I realized how much the value of my condo had plummeted compared to the balance on the mortgage even though I had made a 45k down payment.

I had heard about the FHA refinance option which included principal reduction. I talked to the creator of the program a few times through email and on the phone. She was an Obama appointee. I wanted to do this program. I worked tirelessly to get the complex FHA approved with the help of the property manager so that maybe I would be able to participate in this program and after a few years do a regular sale and get out of this nightmare situation.

The situation as it stood was that I was deeply underwater in a complex of renters and properties with lockboxes on the door.

Throughout most of 2010, I was talking to STI about wanting to participate in this FHA principal reduction program. I think their hands were tied as far as that program because the conservator of Fannie and Freddie did not want to go the principal reduction route.

I did a FOIA request to see how many people had been able to do this FHA principal reduction refinance program. I never got a response to this FOIA request because shortly after my FOIA request, the results of the program were made public in a news story. I don't remember the exact amount but maybe it was in the single digits. Maybe under 10.

I then decided the next option was a short sale. I am a single person no kids living in an apartment type complex among lockboxes and renters. With a short sale, I could move to a nicer place, pay less money and not be underwater. I knew short sales with no late payments existed but it was very very rare at that time. Banks were forcing people to go late at least one payment and that was a problem for me. I would not have done it if I had to go late on it.

I contacted several realtors who would not do my short sale because I gave the condition that it was to be a short sale with no lates.

DD had a friend at MJO who was working on DD's FORECLOSURE in Maricopa. DD referred me to JH and JH told me he had just hired a realtor who was hungry and would be willing to work on this short sale with no lates. JC was the realtor. A totally great guy. He came down to take pictures. I kept the condo pristine so this condo stood out among the other ones. JH set the price at 74,900.

I filled out all the paperwork including a hardship letter. I also sent it to STI.

STI did not own my mortgage. MJO did not own my mortgage.

DD and DD did not own my mortgage. JH did not own my mortgage. BC did not own my mortgage.

JaC did not own my mortgage. DJ did not own my mortgage. TW did not own my mortgage.

CC did not own my mortgage. GH did not own my mortgage.

KY did not own my mortgage. BT did not own my mortgage.

CFS did not own my mortgage. LRC did not own my mortgage.

JB did not own my mortgage. JK did not own my mortgage. JM did not own my mortgage.

FREDDIE MAC OWNED MY MORTGAGE and I was working on the banking part of the deal with Freddie Mac all along. What I told them included, but was not limited to the true hardship reason for doing this short sale. Through Bloomberg, I knew the exact bond my mortgage was in so they could easily identify it.

The property sold quickly and STI signed off on this SALE with no late payments and no promissory note owed. Short sale with no lates dropped my FICO only about 80 points. Could have bought a home the next day as FHA has no waiting period for short sales with no lates.

Per the agreement with STI, I got a 1099C. Due to the very intelligent GWB Mortgage Relief Act of 2007, this 1099C eliminates the need to pay taxes on the loan forgiveness. This Mortgage Relief Act of 2007 which expired 12-31-12 has now been extended in the fiscal cliff deal.

If there is any lesson to be learned here.

1. Find out about people by talking to them. Questions are a good way to find out about people. Sometimes people will divulge things. Sometimes they won't.

2. Once you go beyond public records to find out about someone, you run the risk that the information you find is COMPLETELY FALSE AND CAN RUIN THE REST OF YOUR LIFE.
Click to expand...

This is such a Cosmo Kramer moment!

This is the lake right in front of my old condo:

http://www.azcentral.com/community/...ahwatukee-car-found-in-lake-mystery-abrk.html
 






Riga knows he screwed up royally by removing TG as West RD. Since TG was let go, the West Region has been a disaster due to Riga's illustrious hire, Erin M. Turn over is at its highest and morale at its lowest. Time to own up and admit you screwed up, you sad sack of ......
 






"Welch said he will reach out to Republicans this year in hopes of building more support, but the bill's association with the government-controlled Fannie Mae and Freddie Mac, the federal housing agencies partly blamed for the collapse of the housing market, hurts its support base among GOP lawmakers."

The GOP lawmakers who think assigning blame to Fannie and Freddie and using that as an excuse not to get a refinance program started for underwater homeowners must be "mentally ill."

Fannie and Freddie caused their own demise by making investments for themselves. Lack of regulation was the problem there. They should not have been allowed to invest for themselves. That's mistake number 2.

Mistake number 1 is that they bought so many BAD mortgages that were BAD mortgages the day they were sold to Fannie and Freddie.

If GOP lawmakers do not act fast in getting a refinancing program going, the FHFA has the legal right to put back those mortgages that were bad from day 1 and not already covered under the measly settlements so far. The FHFA should hire 1000 undwerwriters and comb through every single mortgage and put back every bad mortgage if the GOP wont come to their senses. Why does the GOP want to hurt banks this way?

I am 1 person and I know for a FACT that a bank sold my bad mortgage to Freddie Mac. My mortgage was 100% definitely a bad mortgage that was sold to Freddie Mac.

These put backs would destroy banks and the economy. Banks and Wall Street should get behind this before the FHFA starts putting pack mortgages or EVEN WORSE FOR REPUBLICANS, the FHFA can even decide to do principal reductions. I believe that would not take a congressional vote, but I could be wrong. Doubtful, I am wrong on this.
 






The FHFA may also be able to go the legal route and say every home that lost more than a certain percentage of value means that those were falsely inflated by a faulty appraisal sytem during bubbles that only takes comparable sales prices into account and not the actual VALUE of the home. The mortgage crisis was nothing more than falsely inflated appraisals based on sales prices and not actual value. During any bubble this same problem would happen again. Homeowners and the FHFA could probably go the legal route and say their mortgages were based on falsely inflated appraisals that were not based on actual home value.
 






Top Bottom
Back
Quote