I remember the when the QC folks in India would get "decline trigger happy" a few months back.Now, some of the negotiators in-house are taking it to another level.After neededing an escalation to…Continue
Just had my short sale denied on a Wells Fargo serviced short sale. The homeowner, who is just trying to do the "right thing" and settle, seems to have just been lumped with the homeowners playing…Continue
I'd appreciate some input on this: having a seller's belongings left in a property after closing is a common issue in a short sale. Contracturally, a buyer doesn't too many options outside of…Continue
According to a sources "behind the walls" at Bank of America:1. FHA & VA short sales will finally be handled in Equator2. No more QC from India & overseas3. QC responsibility has fallen on…Continue
Edwin Baloloy has not received any gifts yet
If you’ve found this blog just by searching on the internet, there’s a good chance you’ve read the advantages a Short Sale can have over simply “walking” from the property and letting your lender foreclose.
In case you haven’t heard the reasons, let’s list some of them:
1. No Deficiency – if you have a “recourse” loan in California, you can be subject to further collections and a deficiency judgment after foreclosure. On the other hand,…Continue