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Are San Jose Short Sale Lenders Playing God?
Kathleen makes a good point in her blog post. Short sale lenders in general have been a challenge to deal with and it makes it harder and harder to keep a buyer engaged.
Are San Jose Short Sale Lenders Playing God? Or do San Jose Short Sale Lenders Require Buyers, Sellers and Agents to Sign a Deal with the Devil? Many short sale lenders require mandate that buyers, sellers, and agents sign Lenders Terms and Conditions for Short Sale Approval Consideration. Among other things, the Terms and Conditions of a San Jose short sale approval state:
"There are no agreements or understandings between the Seller and the Buyer that the Seller will remain in the property as a tenant or later obtain title or ownership to the property."
It's not bad enough that the homeowner loses their home, destroy their credit, and go through mental and emotional torture dealing with the lenders short sale process, BUT the lender is also going to mandate, as a condition of their approval, that the sellers must also move!
As a San Jose Short Sale agent I find this requirement outrageous! What difference does it make to the lenders/servicers if an investor purchases the short sale ... more

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