Eliot Tomaszewski is back on the program today. He's got a great deal of experience with short sales. So, we decided that we would talk about some trends in the short sale industry.
Right now one of the best things we've seen is Equator allowing you to slide names. You don't always have to restart the file now. It's easier to replace the original buyer.
Eliot just took a reverse mortgage, which is extremely rare, so it's not a trend, but it is worth noting.
There have also been lots of contribution requests. The requests are coming from the servicer, the investor and everywhere else. You can fight it and you should fight it. The asking parties are digging in even more than before, just to get a thousand dollars. They don't care if it comes from you, the home owner, the buyer, or the monkey's uncle. They just want their money.
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