Real estate blog entries tagged with short sale not approved 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 "short sale not approved"

short sale not approved: Downey Savings + Deutsch Bank = Impending Disaster - 08/05/08 11:44 AM

Since my seller's plea for a short sale was rejected by Downey Savings who holds the first loan, I've been trying to understand why Downey would refuse. Turns out that Downey sold the note to Deutsch Bank. Negative news and forums abound about both,
Deutsch Bank Credit Rating Cut Deutsh Bank Foreclosures Tossed Out of Ohio Federal Court Deutsch Bank Breach of Trust Downey Savings shares fall Downey Savings carrying risky loans Ailing Downey Savings is all shook up No run at Downey Savings --- yet The point to this is......if you're talking with clients who are either trying to sell or buy … (1 comments)

short sale not approved: Short Sales for Downey Savings are NOT doable, per Mortgage Resolutions Services - 07/31/08 06:07 PM

LAST RESORT
In a last ditch effort to help my sellers who are upside down on their loans and can't pay their mortgages with Downey Savings and National City, I contacted Mortgage Resolutions to see if they can help my clients.
Mortgage Resolutions offers, according to them "as full complement of services designed to assist homeowners, agents, brokers and mortgage lender/services in working through delinquent and At Risk mortgages." For a fee of 1/3 the agent's sales commissions, they would have handled all the nitty-gritty details, contacting the lenders, processing the paperwork, etc.
DOWNEY SAVINGS: Foreclosure preferable over short sale?
Upon … (2 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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