Bill Nazur--Mortgages and Advice Across America

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Home : Blogs : Bill Nazur : Bill Nazur--Mortgages and Advice Across America : Archives November, 2009

I'm NOT buying the SHOCK! Lenders make more money on foreclosures than short sales!? - 11/07/09 11:10 PM

A great series of articles to consider......
I have to point out however that a basic tenet of a short sale is that the consumer is TYPICALLY 3 months behind, often recommended by the lender AND/OR the realtor/loan modification consultant, creating a loan that is no longer PERFORMING, which thereby accelerates countless advances, accrued interest, and a severe drain on cash flow to the lender.
Secondly, if an insurance company (MI) is covering the loss, than I do understand why a bank would choose NOT to approve a short sale. As industry professionals, while we may not like this, we must understand that each … (9 comments)

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Bill Nazur

Corona, CA

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Address: Corona, CA, 92882

Office Phone: (949) 274-8950

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All Real Estate....all the time....how Real Estate can help you achieve your goals, as well as what is wrong with the industry. Pure, unabashed honesty. Critical to my mission is to help underserved families and communities improve their position to create a legacy for their children.

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