In another prime example of the FORECLOSURE EXPRESS vs. THE LITTLE ENGINE THAT COULD, this past week I defeated a lender's counter argument as to why the foreclosure sale scheduled for that day should proceed, even though the lender issued its short sale approval letter. The issue was that the le
...
03/27/2011
I am very troubled by the actions of lenders in their encouragement of surreptitious dealing, especially by second lenders, regarding the distribution of proceeds of a short sale to the detriment of first lenders. Below is a Suntrust Mortgage document recently received from Suntrust that is being
...
03/13/2011
Today I received a question from a trusted broker about the result of a foreclosure of a first mortgage upon the second mortgage. He told me that many brokers / agents provide advice to their clients (and non-clients) that if the first mortgage forecloses, the second mortgage gets nothing and is
...
03/08/2011
