Angels Camp Short Sales: I thought it would work, but it didn't! Want to Know Why?

By
Real Estate Broker/Owner with BTRE Big Trees Real Estate 01162206
Angels Camp CA - I'm sure you have heard about forensic loan audits. I've heard people say how wonderful they are. "Your lender will approve your short sale right away", claims one. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. An agent told me a story about forensic loan audits. He worked with a woman who was trying to short sales 3 houses. He knew they were short sales and was glad to list them for sale. There was a guy involved who was supposed to be doing all the "negotiating" with the lender. Little did this agent know this guy was trying to flip the houses. This guy had a forensic loan audit done. He claims he paid foreclosure defense lawyers out of his own pocket. He did all this stuff in an attempt to force the lender to approve the short sale. The only problem was the lender didn't care. The short sale negotiators at the lender were not going to approve the short sale offers so this guy could resell the home for a profit. "We know this guy is trying to flip the house. We won't approve the short sale as long as he is doing that", they said. This was despite the claims that some have made that a forensic loan audit will have lenders trip over themselves to approve the short sale. Please consider this story before you spend $800 to $1,000 on a “Forensic Loan Audit.” I am in the business and talk to homeowners facing foreclosure every day. I have only heard a few stories where a “forensic loan audit” made a difference to the lender. I’m not saying that they don’t work. I just want to warn you to check them out before spending big bucks for one. Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at danseider@gmail.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (209) 743-1061. Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our Angels Camp Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy. Thanks for reading this, Daniel Seider. Daniel is a Real Estate Broker at Big Trees Real Estate. Phone: (209) 743-1061. danseider@gmail.com. Climb Higher View My homes for sale at www.bigtreesrealty.com. Daniel Seider specializes in loan modification assistance and short sales in Angels Camp California. Angels Camp Loan Modification Help, Angels Camp Short Sales, Angels Camp Short Sale Realtor. Short Sale Realtor. Angels Camp CA Short Sales. Angels Camp Realtor.
Posted by

Daniel Seider

BTRE Big Trees Real Estate

www.CAResortHomes.com

209 743 1061

Comments (1)

Jack Mossman - The Nines Team at Keller Williams in Stockton
The Nines Team At Keller Williams - Stockton, CA
The Nines Team at Keller Williams in Stockton

Daniel - great post and great warning.  We have a client with one of those "audits" ... complete with a "retainer" and a monthly fee of 50% of what her mortgage payment should be.  Of course, if they can't do anything ... everything is refundable!  She's looking for a refund ... and we have listed the property!  Careful!!  The audit fine print - the seller has to do everything that the auditor advises ... or all bets are off!  Oh yeah ... like that's going to work!

Nov 17, 2010 12:48 PM