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Tell Me You Didn’t Sign Over a Deed!
I don't know why these scams like the one that Pamela writes about are still prevalent......I can't believe this....makes me so mad! If you hear of any stories, please post a group I created: Fraud, scams and Ponzi schemes REPORT THEM HERE!  If you would like to leave a comment please go over to Pamela's original post as I will be disabling comments on this post.   http://activerain.com/groups/FraudAlert
Continuing Short Sale Saga – Tell Me You Didn’t Sign Over a Deed!In my last blog post, Your Real Estate Agent Would Know if a Third-Party Bought Your Home, I wrote about my short sale seller who has suddenly decided to “cancel” his short sale. I discuss the different ways a home can be sold to a third-party. It is done through a transfer of title, in escrow by a standard or short sale, or title can be transferred by trustee deed.A third-party cannot swoop in and buy a homeowner’s home without knowledge of the homeowner. When there is a mortgage, there is a lien on the property. In order for title to be transferred to a third-party the lien would have to be satisfied. In other words, the amount owed would have to ... more

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