Wells Fargo Poor Handling of Short Sale - 09/30/08 09:57 PM
So we all know that short sales are a nightmare. And I have yammered on enough about how horrible the banks are to work with in short sales and foreclosures. Nothing should surprise us. But today, I was surprised, appalled even, to hear this story involving a Wells Fargo short sale. My offer has been in on this short sale property since Labor Day. I have received a few reports from the listing agent that the asset manager had requested the information be re-sent a couple of times. The listing agent is frustrated because the only communication the bank will have
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Main Street V. Wall Street - 09/26/08 12:10 PM
Whose side are you on? Being a resident of Main Street, I tend to lean in that direction. Being a realtor whose business is negatively affected by the poor circumstances of those on Main Street, I am even more drawn in that direction. When the market first began to falter and the first few foreclosures started to pop up, I was really upset with the attitude that those in default were "getting what they deserved." I don't think anyone deserves to lose their house. Without question a child is entitled to a stable home. Bigger and worse mistakes are made everyday with less severe
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