Will The Feds Make the Lenders Whole? - 11/10/08 01:12 PM
Recently, I received a few calls from some real estate investor friends of mine here in North Carolina venting their frustration with working out short sales with some lenders. It seems some lenders are stalling in making any decisions as to whether they will release a mortgage for less than what is owed. If you have a buyer waiting for a decision from the lenders, believe me, they will not wait around very long.
It seems some lenders may be unwilling to short sale the property thinking that the Federal government will purchase these bad loans at par, thus no need … (0 comments)

 
Ron

Ron Taylor

Louisburg, NC

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Ron Taylor and Sons Real Estate and Auctioneers

Address: POB 1083, Louisburg, NC, 27549

Office Phone: (252) 257-4822

Cell Phone: (919) 939-9678

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An informative blog discussing new ways of selling residential and commercial real estate in the state of North Carolina using professional real estate auctioneers.


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