Foreclosures are way down in Nevada. The banks have their hands in their pockets staring at the sky wondering what to do next.  They’d love to throw the homeowner out on the street but the getting kind of scared to do that nowadays.  The government started to step in some.  The banks are being investigated for their escapades and digressions of the past.  The air stinks with lies and deceit and sooner or later things will be uncovered and some of the dirty dealings we all have been hearing about will be exposed on places like 60 Minutes and CNN.. by Robin Basichis

Sooner or later the banks are going to have to do something with the homeowner who is sick of being upside down in equity or it’s stalemate for the economy.  Nobody in their right mind should continue to pay on a toxic asset that they will never climb out of in this lifetime or the next. Even if you believe in reincarnation and you come back you probably won’t be able to pay the house off in your second life.  Of course there are some Saints among the Sinners but they are lost in the shadows of the minority and in this case the minority is shrinking.  People are getting pissed off.

How many choices are left when you get stuck in an upside down investment? You owe $500,000 on your home and it is worth $230,000 on a sunny day.  Either the banks have to come in and make a deal with the homeowner by adjusting the balance owed and resetting the mortgage or pay them to leave.  If the banks don’t want to make a deal and insist on short selling properties to parties other than the current homeowner then they should give the homeowner and incentive to disappear – give them money so they can get a fresh start.

If the bank offered me between $15,000 and $20,000 to walk away from underwater property I would do it in a heartbeat.  It would give me options to rent a place for awhile or do a Lease Purchase if I found the right deal.  I’d be out of the house in 30 days and the bank could go sell it.  I’ll even sell it for them for short money just to be a nice guy and do my part to help kick start the economy.

Wouldn’t it be a lot cheaper for them to give me the money than to have to come in and foreclose, fix up the property, then market and pay a real estate agent commission to sell the property. It really just doesn’t make any sense.

Just give me the money you bunch of cheap rotten crooks.


Published in: on January 12, 2012 at 9:56 pm  Leave a Comment  




by RobinBasichis on Tue, 12/20/2011 – 3:43pm

What makes for a good blog?  First thing you should have is a good subject, and after you pick that subject you should try and put a different spin on it which makes it unique and causes it to stand apart from everybody elses blog.  You don’t want to be ordinary if you expect people to listen to what you have to say.  Try and be a little more creative than the next guy.

What are you trying to accomplish when you blog?  Are you trying to show people how nice you can write and how well you can place adjectives into sentences, or is there another reason?  As far as we’re concerned here at CBC, you should be blogging to sell youself and talk about how great you are.  If you don’t tell everyone how great you are then who else is going to tell everybody how great you are?. You want to project the knowledge which lies within your area of expertise in real estate, into a particular blog so it conveys knowledge and shows value, Never forget this – your knowledge is your value.

If I am going to come to you for a specific reason, say for a Short Sale or I want to Modify my Loan, I’m coming to you because you convinced me through your blog that you know what you are talking about.  When we meet fact to face I’ll find out more of what you know; and remember your blog was the catalyst that brought us together.  If we wind up doing business you will be getting paid for what you know becasue now you convinced me you know what you are doing – hopefully you do know what you are doing.

Unfortunately we see too many blogs coming through the network that miss the selling and bragging factor; and please don’t misuderstand, we’re not talking about doing infomercial here, we’re just talking about good old fashioned selling points where you end the blog with a way for the reader to contact you so you can offer your services.  In our opinion the whole object of the blog is to increase your business and expand your shpehre of influence.

I hope this little piece of reasoning brings some clairification and focus to the mind.  Good luck to everybody.

Robin Basichis – Owner of LifeLine.



1.USE OF INCORRECT FORMS AND TECHNIQUES. By submitting the correct forms, you’ll make your lenders job quick and easy.
2. FAILING TO UNDERSTAND There is a way to put you in a position of power whereby your lender MUST comply.
3. COMMUNICATING WITHOUT AN AUDIT TRAIL. An audit trail protects you and simultaneously holds your lender accountable.
4. NOT USING GOVERNMENT APPROVED FORMS. Which are available through each lender specific website.
5. NOT SENDING THE LENDERS VERSION OF YOUR PROPERTY VALUATION with your loan modification application – a Broker’s Professional Opinion (BPO) must be submitted with the package. The BPO shows the lender what the actual value is of the property and we show them how far “upside down” the property is. This BPO is included in each package submitted.
When you are submitting a Loan Modification Request to your lender it needs to be done in a way that will make the Lender perk up and listen. Lenders and Loan Servicing companies have piles of Loan Modification requests and so far their batting average for sustaining a Modification over the trial period into a fixed Modification is low. What do you do? You have to make your loan modification request look different than the other guys Loan Modification Package. How do you do this? You do it by putting some PUSH behind it. This means submitting a complete package that is compliant with your particular bank. In the package not only are you submitting paperwork, you are also telling a complete story through these instruments… 1.Using a QWR/Affidavit of Truth. 2.Using a FDIC NPV (Net Present Value) Worksheet, an automated calculator that demonstrates to the bank that you will qualify for a Loan Modification. 3. Using a solid Hardship Letter that explains why you need to have your loan reset. Over 700,000 people are currently in “Trial Mods” and only 35,000 are in “Final Mods”. Only 5% of the Trial Mods have gone to Final Mod? All the rest of the 665,000 homeowners are just floating around, making their monthly payment and waiting to see if they qualify for a Final Mod. Meanwhile, these banks are not posting their monthly Trial Mod payments to their current balances, they are just putting the money into a “holding” account and all the while they are preparing to continue their foreclosure proceedings and trustee sales. This is the main reason for the use of the QWR/Affidavit of Truth! This document DEMANDS for a FINAL resolution to the problem. And if the bank fails to deliver and FAILS TO PERFORM, the homeowner has the right to peruse the matter down a LEGAL path. More on this later… CALL ROBIN AT 702-279-8025
Published in: on December 31, 2009 at 2:56 am  Leave a Comment  



Love can be fleeting, but the declining housing market may last for years.  They say love will keep us together, but there’s nothing like a bad economy to seal the deal and draw families in under the same roof.  It isn’t that much different from when I grew up in South Philadelphia.  You got married, bought a car and a bedroom set with what was left of your wedding money, moved back in your old bedroom on the third floor of you parent’s row house until you and your spouse could save enough money to rent or buy a place. 

We are in a bad economy, one that might not turn around for years.  Foreclosures have gone up, property values have gone down, and people are getting cut back on hours or losing their jobs altogether.  These are circumstances that are making an impact on family dynamics across the board.  Some relatives who may have never considered living together are huddling under the same roof, sharing the Christmas Tree eating microwave popcorn while they watch Frank Capra’s “It’s a Wonderful Life” on the big-screen.  They pitch in together to save body and soul from homelessness and destitution. 

Siblings are moving in together to share rent or mortgage payments.  Kids who have left home are circling back like homing pidgins to stick out the hard times with mom and dad until the smoke clears.  

In many cases people who lose their homes have no place to go.  If you are living paycheck to paycheck and things go from bad to worse you are probably going to look for a port in the storm.  Sometimes there aren’t that many ports besides that door that leads you back to your family’s home, so you may very well wind up living with your brother and sister or your mom and dad.   

Foreclosure filings surpassed 3 million in 2008, according to a recent report by RealtyTrac. The report also shows that one in 54 homes received at least one foreclosure filing during the year.  That’s not a good national average. 

Nearly 3.5 million brothers or sisters are living together according to 2007 Census Data, that’s up from 3 million in 2000. And 3.6 million parents live with their adult children, up from 2.3 million. About 6.7 million householders live with other relatives, such as aunts or cousins, compared with 4.8 million in 2000.

It’s questionable wheter all this cuddling is good or a bad?  It sure has to be better than being homeless and destitute.  On the other hand people are surely being challenged by age differences, lifestyle differences, and cultural gap differences – “Turn that goddamn Rap Music down Junior or I’ll kill you.”   

When people are forced to retreat from their lives and move down the ladder of life’s successes there is normally a loss of self worth and self esteem – it’s just human nature to feel an ego crunch.  It gets real ugly when there isn’t enough money to go around and folks start fighting over crumbs at the dinner table – crumbs that never mattered before.    

This togetherness thing may not sound like its all fun and games but I wouldn’t be the one to put it down, not for a minute. In the end with all the problems inherent from living in close quarters won’t seem like much if it brings families closer together.  Family members often go through life never knowing who their loved ones really are.  Now there’s an opportunity to find out.  People should make the best of it.   I only wish I had a place to run for shelter should times get bad for me.  Unfortunately most of my family has passed away or gone crazy.      

Published in: on December 31, 2009 at 2:45 am  Leave a Comment  


Thousands of distressed homeowners have been calling their lenders for loan modifications.  A lot of people just want an interest rate reduction that will lower their payment at least for awhile – until things turn around – until the economy starts getting better. A payment reduction of say $200 or $300 would allow some folks who are struggling to continue to stay in their homes and put food on the table.   You wouldn’t think it would be that hard for a lender to lower an interest rate or lengthen term of the loan to bring the payment amount down. 

If the firm that sends you your monthly statements is the actual lien holder of your note then it shouldn’t be so hard.  On the other hand if the company that collects you money every month is not the actual lien holder but a servicing company for the investor or investor group, then things can start getting complicated. They may just be acting as a shill as they do not have the ability or the authority to grant a request for loan modification. 

Since the downturn in the economy most lenders have cut back on staff and the ones her are actually trying to do loan modifications and short sales are jammed up with so many files they may not be able to look at yours for months. 

I have a client who filed for loan modification six months ago.  He called the lender a couple of times a week to find out what his status was.  They continued to stall him a told him to just keep on calling back.  One day he saw a notice of sale on the door.  His house was to be sold at Sheriff Sale the following week.  When he asked what happened to his loan modification the lender told him they never received one. 

We were able to intervene on his behalf and stop the foreclosure and we are now in the process of trying to work out a loan restructure – but what happened was wrong.  They claim they lost this persons file.  He’s calling them weekly and they are just giving him the run around and never checked his file to see what the status was.  The client was communicating with a loan servicing company that did not own their loan and they were not able to grant a loan modification.  They were just tap dancing and stalling until the house got foreclosed on.  

Why did the servicing company do this?  They did it because they benefit from the foreclosure by collecting fees for service from the actual owner of note and deed.  



Published in: on December 19, 2009 at 4:35 am  Leave a Comment  


One of the most aggressive options for getting loan reductions and sometimes principle reductions is performing Loan Litigation.

You get a Forensic Audit from a reputable company – hire an an attorney or someone qualified to read the audit.  If there are violations on the audit- submit it to the lender to see if they want to play ball.  If the lender does not want to play ball you file a lawsuit against them. 

Once a lawsuit is filed against the lender all foreclosure proceedings and reporting to the credit agencies must cease and desist.

You hire an attorney or other qualified professional to go over the violations that were found on the audit with your lender.  The violations will be in the Real Estate Settlement & Procedures Act (RESPA), Truth in Lending Act (TILA) .  Home Mortgage Disclosure Act (HMDA), violations in the Fair Housing Act (FHA) Equal Credit Opportunity Act (ECOA) etc.

I have seen Forensic Audits come back with multiple violations on them.  Some violations carry fines up to $1000 per violations.  Sometimes the Forensic Audit encourages the lender to work with the homeowner to work out a equitable deal.  I do Forensic Audits all the time. If you have any questions about them please feel free to contact me. 

Published in: on December 19, 2009 at 4:33 am  Leave a Comment  


My experience over the last several months has been that most homeowners who are upside down and sideways on their mortgages continue to pay on them. Forget the reports that people are walking away from their homes in droves. At least in Las Vegas it’s just not happening.  

Most people have pride and they want to do the right thing and pay their bills.  In his paper  “Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis” Brent T. White, University of Arizona Law Professor, talks about people having a dramatically overblown perception of the consequences they may suffer from foreclosure.  

Mister White suggests that the government and other social control agencies like the media and the church actively try and to shame homeowners into following the straight and narrow path of living up to their financial obligations and to ignore the reality of the market forces. 

Say you are upside down 200 thousand dollars on your mortgage and you are middle-aged, like somewhere between 45 and 55 – what are the chances of every recovering that loss on your property?  Should you stay in the home and pay for years and years on a toxic asset?  If you were a business would you be expected to do this, or would you file Chapter 11 and try and reorganize your company?  Would the world snicker?  

In business as in life sometimes we are forced to make hard choices. If walking away from a home becomes the best financial decision should a homeowner be held to a different standard then the lender?    

These insidious rules of morality that echo in people’s minds are there to try and sway the homeowner into doing the right thing by paying their mortgage no matter what.  Isn’t this a double standard?  Shouldn’t the same rules of morality apply to the lender? They don’t.  

 The lender looks to maximize profits or minimize losses irrespective of concerns of morality or social responsibility.  The lender gets bailed out by the government.  The lender moves the note and deed through financial institutions like MERS at will.  The lender can sell your property for ten cents on the dollar, write it off and then get paid off through their insurance carrier for their losses.  

Why is there such a divide between the moral obligations of homeowners and the moral obligations of lenders? This imbalance creates an inequality between the lender and the homeowner.  

We had a housing collapse in this country.  We are experiencing a financial melt-down that has not been seen since the Great Depression in the 1930’s.  The government has promised to step in and help people.  The President announced last week that he would hold the lenders feet to the fire to work out agreement with homeowners to do loan modifications.  

The banks keep on foreclosing on people.  I deal with the banks all the time over loan modifications and short sales and they cheat and lie like it’s a sport.  Meanwhile homeowners are expected to shoulder the burden of the housing bust – be good citizens – forget about retirement and keep paying on their homes that hangs like an albatross around their necks. Folks, it’s time for a break.  Talk is cheap. The banks have to be held accountable to the public they were supposed to serve.


Published in: on December 19, 2009 at 4:29 am  Leave a Comment  


Friends of mine bought a home in Las Vegas at the beginning of 2006.  They paid $375,000 for a modest place in the south-west part of town. When Frank and Connie bought the home they had good jobs and a healthy credit score.  As their family grew the cost of cars, insurance, healthcare, childcare and food began to rise and eat away at their bottom line. Although they were struggling to make their house payment they were willing to shoulder the sacrifice believing their home was an investment that would yield dividends for themselves and their children in the future. 

Then Frank and Connie saw the housing market in Las Vegas begin to collapse in the middle of 2007. They were starting to get a little nervous. As of 2009 they owe about $350,000 on the home which now carries a market value of $160,000.  Their monthly mortgage payment with taxes and insurance is $2800. Model matches in the same development are renting for $1200.  If they were able to get rid of the home and rent instead of making mortgage payment payments for the next ten years they would save $190,000 on house payments alone. 

If they decided to stay in the home and experienced an average of 4% appreciation per year it would take over 30 years to recover the $190,000 in lost equity. Sooner or later the equity will come drifting back, but it’s hard to say how long.  It comes down to the question of their genetic structures being connected to their personal longevity and how long they can stay employed and still committed to paying on their home. 

If they stayed in the home for say 60 years it might be enough time to get their equity back.  They would have done the right thing by not defaulting and living up to the contract they signed and the obligation, responsibility and commitment they made to the lender when the initially bought the home.  

It doesn’t matter that the note on their home was sold twenty times since origination and the lien holder bought it for ten-cents on the dollar.  What matters is that they followed the rules of society and did the right thing. 

Let’s take a look into the future.  Frank and Connie are old now – almost dead, but they can still see the light of day as far as equity goes.  Their children have since moved on to other places and made money and became independent and they don’t really need the equity that may come from the sale of the home when their parents are dead and gone.  But that’s not the point.  

If you walk away from you property you will probably go to hell.  If you don’t go to hell you will at least wind up in purgatory which is almost as bad.  While you still live on the earth you will be shunned by your family, your friends and your peers.  You will never be able to buy another home or finance a car. You will never receive a credit card offer in the mail.  You will have to pay cash for everything and you know that isn’t the right thing to be doing. Cash is bad – credit is good.  While you’re driving around in that Yugo you better be thinking about all this because you are the one who put yourself in this position.   

Truth is folks most times you can repair you credit two years after foreclosure especially if you keep all your other trade lines current.  The bull the banks, the media and the government put out there to scare people about FORECLOSURE!!! is really a bunch of hype.  

Most people want to do the right thing. Do everything you can to save your home.  Try and negotiate a Loan Modification if you want to stay for awhile.  If you want to walk see if the bank will allow you to do a short sale.  If the lender won’t play ball you can call a guy like me to act on your behalf.  I will try and encourage the lender to make concessions.  I know how to push their buttons and where their pressure points are. 

If you haven’t listened to what I said or don’t care about what I just said I want to see you in the principal’s office right away. 

 CALL ROBIN BASICHIS ANYTIME                                          702-279-8025

Published in: on December 19, 2009 at 4:25 am  Leave a Comment  


We are working tierlessly trying to keep people from losing their homes.  We have a list of Strategies and Tactics we use in order to meet all kinds of personal situations.  One of the problems we are finding is people are waiting to long to come in out of the cold for our help. We often get them at the 11th hour – right before their house is about to be foreclosed on.  We do all we can to help no matter where people are in the timeline. Sometimes I wish I was Robin Hood – you know, the guy who hides out in the forrest and spends his time stealing from the rich and giving back to the poor. It seems that it would be so much easier to fight with a lance and bow & arrow than fight constantly on the phone with the lenders and the banks. I would much rather have Little John and Friar Tuck on my side as we go up against these financial giants who snicker and sneer at us like we are peasants.  

Where are you Robin Hood – are you real or are you but a mythical legend? 

If anyone of you has or can find contact information for Mister Hood please let me know immediately.  Tell him I will pay for his medical and feed his horses.  I will also provide a nice condo for Maid Marion – maybe even a highrise unit in Turnberry.  See What you can do.

Published in: on December 19, 2009 at 4:22 am  Leave a Comment  


I have noticed several postings that address concerns about the Real Estate Agent’s Image. The last one I read spoke about people comparing agents to used car salesman.  That doesn’t seem fair. We really don’t do the same things that used care sales people do. Instead of selling cars to our clients we put them in a car and drive them around to homes we are trying to sell them. We don’t stand on freezing cold car lots or blazing hot car lots lying through our teeth about how great a car is.  We are much more sophisticated and make sure we when we lie through our teeth it is in a pleasant setting like the comfort of a living room or dining room.  Are we fibbing when we claim every home has great potential – even if it is hanging off the side of a cliff taking in water?  Are we getting pushy like a car salesman when we try and muscle a customer into signing paper – like a buyers agreement before we put them in a car and cchauffeur them off to find their dream home. That’s not the same thing as pushing someone into signing on the dotted line for a car loan is it.  

Car Salesmen are generally crass and not all that professional.  Realtors are not necessarily crass, but are they really professional – or professional enough?  It’s not fair to cast dispersions on the people in my own profession, but I find many Realtors to be lacking in knowledge and social skills.  Many Realtors got into the business because they didn’t have another place to go from of lack of education or some other factor that restrains them from seeking loftier professions.  Could it be that they are just plain stupid?  Have you ever met a Realtor that was just plain stupid? If you insist you haven’t make sure you’re not lying to yourself and the rest of the world.     

There is so much to learn in R#al Estate that their should be more emphasis placed towards education.  The CE courses that we take every two years are really not enough to stay abreast in a field where there is so much information and so many things that need to be understood.  The Legal and ethical aspects alone are tremendous.  

The University of Colorado started a Masters Degree in Real Estate a couple of years ago. If I didn’t already have an MBA and I was a little younger I would definitely consider going through that program.  Education and Knowledge is key in all businesses.  The more we know creates value for our clients and our co-workers.  I think the perception of Realtors being on the same level as Car Salesmen has validity because so many of them refuse to educate themselves and prefer to focus only on making a sale, and that should be the main focus of Car Salesmen, not the Realtor.  We all have to make money but are main focus should be on educating our clients and one another which will inevitably increase our value.   Knowledge breeds confidence.  If people like you and believe you know what you are talking about you will probalby sell them a property.   

Maybe it is time to raise the bar for licensing.  I don’t know exactly what should be changed, but I think something needs to be done to raise the level of learning to help create a more sophisticated knowledge base for people who are just entering Real Estate School as well as  Agents who have been working in the field for a time.   

                                                     Robin Basichis

                                          President CBC Property Solutions

Published in: on December 19, 2009 at 4:19 am  Leave a Comment