when is a short sale not a short sale: How Banks Submit Bogus Payoffs in a Short Sale - 10/08/15 03:41 AM
Now I know why suddenly the second lenders in so many Sacramento short sales have been demanding beneficiary statements from the first lenders prior to issuing an approval. I used to think, what the hey, why do they care how much is owed to the first lender. Short is short. Right?
But then I saw what Ocwen did on a Rocklin short sale recently. It bumped up the fees, late charges, penalities, all over a 5-year period and just about doubled their payoff. If we had just paid off the principal, it would not have been a short sale. On the other … (3 comments)

 
Elizabeth Weintraub Sacramento Realtor Top 1%, Put 40 years of experience to work for you (RE/MAX Gold) Rainmaker large

Elizabeth Weintraub Sacramento Realtor Top 1%

Put 40 years of experience to work for you

Sacramento, CA

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RE/MAX Gold

Address: 3620 Fair Oaks Blvd, Sacramento, CA, 95864

Office: (916) 233-6759

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Broker-Associate at RE/MAX Gold, Midtown and Sierra Oaks Sacramento office. Co-partner Weintraub & Wallace Realtors. Selling since 1974. Homebuying expert at The Balance. Weintraub & Wallace sells homes from Galt to Lincoln.< Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying expert for The Balance, a Land Park resident, who specializes not only in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento but sells extensively from Elk Grove to Lincoln. Weintraub is prominently known as the #1 Sacramento Short Sale agent throughout the Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 40+ years of real estate experience to work for you. View all AR Posts By Elizabeth Weintraub Elizabeth Weintraub website  


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