The world of short sales has no shortage of would be investors. In fact, it's getting quite difficult to tell the real ones from the fake ones. In this video, I will tell you about a common investor scam. I know there are short sale investors out there that will do this the right way, and I can … [Read more...] about Short Sale Investor Scam
One of the ways to avoid foreclosure is not a short sale, it's a refinance. Most home owners cannot refinance due to the market conditions causing their home to be worth less than what they owe. If it's marginal, meaning very close to their balance but not grossly under water, then the home owner … [Read more...] about HARP Program (Home Affordability Refinance Program)
For all of 2009 we were proclaiming Wells Fargo and Citi to be the best in terms of short sale negotiation time. However, EMC Mortgage has been by far the easiest most rational bank to deal with. They have recently joined with Chase and even Chase's files are moving faster. EMC is now our preferred … [Read more...] about EMC Short Sale Update (Chase)
We recently heard from a Suntrust Negotiator that you must be behind on payments in order to qualify for a short sale. In addition, the suntrust negotiator put me on hold to double check and I had to listen to Suntrust hold music that stated the exact opposite. This is just one of the many … [Read more...] about Suntrust Negotiation Story
The short answer is technically yes, the bank can change your locks. When you signed your closing documents you signed a security deed that likely allowed the bank to take care of the property in your absence. When the bank hires a contractor to verify if the property is occupied, he has two check … [Read more...] about Can the bank change my locks?