I got this from a friend today and I was absolutely appalled after viewing it. This is the BEST ever explaination I have ever seen on the way that banks make money on REO and short sale. It will make you wonder then, what the heck takes them so long to approve short sales.
It's definately NOT because they are LOSING anything.
http://www.youtube.com/watch?v=ssl5yb7FewA
This little video clip will make your blood boil, but it will also educate you so that when you are going to make your offer on either a short sale or an REO you are armed with a little more knowledge that the average consumer and can make a more informed decsion on what to offer.
Comments(4)