Big Banks Accused of Short Sale Fraud
Here's what's not legal and what's apparently happening quite often recently. Since many second lien holders are getting very little, they are now allegedly requesting money on the side from either real estate agents or the buyers in the short sale. When I say "on the side," I mean in cash, off the HUD settlement statements, so the first lien holder doesn't see it. Click here to read entire article.
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Harcourts Prestige Properties of La Jolla - La Jolla, CA
Featured on HGTV's New Show! How Close Can I Beach
If anything is done "out of escrow" there is something wrong! I always believe that it all needs to go through escrow to protect everyone involved!
Mar 29, 2010 09:02 AM
Harcourts Prestige Properties of La Jolla - La Jolla, CA
Featured on HGTV's New Show! How Close Can I Beach
Thanks for posting this. It really leaves the homeowner confused on why even bother with doing a short sale at all if the banks will not negotiate an out for the struggling homeowner.
Mar 29, 2010 09:21 AM
ABC Home Inspections,L.L.C. - Prescott, AZ
ABC Home Inspections,L.L.C.
Hi Doreen,
If i could help you in any way as Home Inspector. Please Call me.
John With ABC HOME INSPECTIONS
602-471-7384
Sep 02, 2010 05:33 PM
Rainer
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Doreen Inzalaco Phoenix Metro 28% Referral Fee
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