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The Foreclosure and Short Sale Debate
Great post.  It is not uncommon to see Realtors undervalue Real Estate to get a quick offer.  The hard part of this, is that the Buyer I show this underpriced listing too thinks that they can get the home when it is clear the bank will NOT accept.
 
   
The Foreclosure and Short Sale Debate 
 
How do WE prevent a Foreclosure when it is not our responsibility or even within our control?  We don’t!  We can’t prevent Foreclosures, unless we intend to cover the mortgage payments for everyone that would otherwise go into default.  Sometimes, defaults happen and it is THEIR responsibility.  How about letting them face the consequences, for defaulting on a loan.  Stop being an enabler, and stop treating them like a child that requires a parents protection, even when they are wrong.  Borrowers are not children and default proceedings are clearly stated in the Trust Deed.  
 
What is the purpose of a Trust Deed?  It defines the terms of the loan and also states what will happen if the borrower defaults, on the loan.  The failure to meet the terms of the note results in the house being forfeited. The house is the lender’s collateral to assure that the ... more

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