Ar_home_b_search
 



right of offset: Right of Offset-Yet Another Trick Up The Lenders Sleeve - 08/21/10 05:37 PM
Right of Offset-Yet Another Trick Up The Lenders Sleeve
Folks, this is scary stuff.  Yesterday, I received a call from one of my clients, telling me that her bank recently withdrew money out of her account to pay part of her missed mortgage payments.  We are in the middle of the Arizona pre foreclosure process, trying to conduct a short sale on her home, and she happens to bank at the same institution that holds her 1st Mortgage.
Banks have what is called a "right of offset", which allows them to take money out of your account, without your prior approval … (55 comments)

 
Bob%20hertzog%20photo Rainmaker_large

Bob Hertzog Phoenix Short Sale Agent, Designated Broker

Phoenix, AZ

More about me…

Summit Home Consultants

Address: 7702 E Doubletree Ranch Rd., Suite 300, Scottsdale, AZ, 85258

Office Phone: (602) 957-1583

Cell Phone: (602) 909-5994

Email Me

Testimonials
163728
' Bob Hertzog was most DEFINITELY the right choice to work with on the Short Sale of our home. Bob is very professional, knowledgeable and capable; ... more '
5.0/5.0
by user802354
136489
' Bob is straight forward and looks out for his clients' best interest. He is very aware of market trends and property availability in Paradise Valley, ... more '
5.0/5.0
by Sarah_S_Scott
135302
' Bob was "with us" the whole way. From the beginning, when describing the process, to the end, when countering the bank's ridiculous offer, I felt ... more '
5.0/5.0
by miciahdodge


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find AZ real estate agents and Phoenix real estate on ActiveRain.