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Weekly Distressed Property News - Frustration and Fraud

By
Real Estate Broker/Owner with Broadpoint Properties Cal BRE #01324959

short sale newsEach and every week, there are things going on that impact the short sale business. Sometimes there are big changes to federal and state policies that impact short sale processing and the distressed property world. Other weeks, there is news about government programs for distressed borrowers.

Read below to learn about some of the interesting short sale news and weird stuff that went on this week in the distressed property arena:

Unique Forms of Short Sale Fraud Corelogic reports on one new form of short sale fraud. It seems that wherever there is a need, there will be fraud. We just need to be hyper-vigilant and super aware of what’s around us.

Did the Feds Nail the Right Guy? What do you think? Read about what happened. Do you think that the Feds picked the right guy to nail for the whole housing meltdown? Is Citi right or wrong? What say you?

How to Overcome Frustration with the Short Sale Lenders This interesting Agent Genius article discusses four great ways to overcome frustration with the short sale lenders—and none of them involves drinking whiskey.

There’s lots going on in the distressed property arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with the short sale news and all of the changes in the industry. Sometimes that’s hard, which is why we’ve provided you with a weekly recap of the short sale news right here.

Comments (3)

Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Melissa: 

Great post and good information. Hope you have a wonderful weekend. 

Jun 22, 2013 11:39 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

tragedy unfortunately, breeds fraud...people get more creative all the time !

Jun 22, 2013 11:42 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Melissa, short sale news and information should be read by all the real estate agents here to be well informed is a must.  thanks!

Jun 23, 2013 10:10 PM