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Freddie Mac Just Doesn't Understand
Let's get the announcements out of the way first. Friday, August 13th is the date for Kevin and Fred's Crush It Short Sales class. The price goes up to $99 after midnight August 10th. So, get signed up today. Also, please remember that we want you to film your own Short Sale Power Hour video. We want you to share one of your most horrific, yet overcoming short sale stories. Put it into a film that is less than ten minutes. Post it on YouTube and submit it to us. Now we are on to other topics, namely, FreddieMac. The conversations that Kevin has been having with FreddieMac lately have been ridiculous. They have requested a $30,000 promissory note from one of our clients. The problem is that the home owner has a true hardship. The loan is a purchased money loan and the offer is for more than what they think the home is worth. Also, they are the only lien holder and the PMI company already signed off on the deal without asking for a promissory note. This homeowner has a true hardship. He is in the education field and had to move forty miles away to rent a ... more

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