freddie mac: You Can Lead A Bank To Water But...
- 02/11/12 06:10 AM
Got a a short sale house listed for $299,000 and an all cash offer for $310,000. One lender. One loan. Bank of America, BAC and Freddie Mac. Bank foreclosed at the trustee sale for $277,000! The owner had tried to refinance, and to loan mod. Nothing worked, so he was advised by the bank to do a short sale. The owner thought that was best too. Got an offer for $300,000 all cash. Great. Bank wanted all the documentation from the seller, income taxes, W-2s, checking and savings bank statements, pay stubs, hardship letter, Request for Income Tax Transcripts (4506-T), … (1 comments)
Real Estate Agent covering Berkeley-Oakland-San Leandro, East Bay in Alameda county. Experienced in short sales, flips, investment properties, probate sales, and the Hispanic market.
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