Real estate blog entries tagged with lenders make more money with foreclosures than short sales or loan modification by Pacita Dimacali - ePRO, SRES, CDPE, MBA Alain Pinel in Alameda County CA (Alain Pinel)

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Home : Blogs : Pacita Dimacali - ePRO, SRES, CDPE, MBA Alain Pinel in Alameda County CA : Pacita's Quick Bytes of Real Estate : Tag "lenders make more money with foreclosures than short sales or loan modification"

lenders make more money with foreclosures than short sales or loan modification: SHOCK! Lenders make more money on foreclosures than short sales!? - 11/07/09 03:28 PM

Lenders make more money on foreclosures than from short sales or loan modifications. That's what Steve Harney conveyed in a seminar. He caused an earthquake in San Francisco
When loan modifications are turned down, the next thing we attempt is a short sale. And we know that lenders turn over the short sale accounts to loan servicing companies who make our lives hell getting short sales approved. As such, we should know that these loan servicing companies make MORE money by letting the properties foreclose than to approve the short sales OR the loan modification.
RUMBLE...GRUMBLE...CRIES OF DISMAY!
Did he just confirm … (199 comments)

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Pacita Dimacali - ePRO, SRES, CDPE, MBA Alain Pinel in Alameda County CA

Oakland, CA

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Alain Pinel

Address: 6211 La Salle Ave, Oakland, CA, 94611

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