"Here in Nevada it's completely legal but the tenants must be notified of the situation -- ESPECIALLY if a NOD and NOS has been filed.
Some tenants will freak out but I've found that once you explain the Protecting Tenants at…"
What should "frost your cookies" (Lol) even more is knowing that these same agencies were selling off blocks of homes at deep discounts to big "qualified" investment firms not too long ago so they could turn…"
You should also start up the petition on Change.org and have it blasted out to all of the activists out there..
Just a thought.. because I'm certainly right with you. It's so obvious what is going on when you are familiar with…"
State rights are trumped by the Feds nowadays. States can go after the banks but they are not going to get anywhere against Federal Quasi agencies such as Fannie Mae and Freddie Mac which has a decade of corruption going on. (Look up…"
"Suggested Feature and Re-Blogged on ActiveRain. Great post Mike... been meaning to write something up about this since last October but have not gotten around to it.
Been wasting too much time on Fannie Mae owned short sales... Lol."
"Homepath.... No appraisal needed if the buyer of a Fannie Mae owned home uses the program which basically means the inflated price will get through. In other words... I think they WANT to foreclose on their homes since the taxpayer picks up the tab…"
"Makes sense now. I'm about to take two straight equity sale listings and when doing the research on the neighborhood, saw two Fannie Mae owned properties listed for far above market value. I've noticed this going on all over. Start the…"
"It's a Fannie Mae policy.... it's not short sale 101 techniques about full CMA's, bad BPO's, blah, blah, blah. If you have relationships with negotiators they'll tell you what's going on. It's about Fannie…"
"Coming across the same thing... as are numerous other real estate agents. Call to Action is certainly needed here with this trend and Jennifer has a great idea. Personally.... I'm going to be EXTREMELY selective from here on out in taking on…"
"Nice to know I'm not the only one getting the run around by Bank of America on a FHA short sale. One of my files keeps getting switched around all over the place since April.
Playing Musical "Stage 2 negotiators" I suppose... pass the…"
"Pretty much the same here in Vegas.
I just listed and closed a short sale to one of my buyers (dual agency) and the lender (WF) would not even allow the Buyers Broker Administration Commission of $350 to be charged."
"Ummm... well.. it depends on the price. The last short sale that I personally bought the listing agent asked me to pay for a $500 "short sale processing fee" for a deal that was a fair price and I told them up yours.
It's not my…"
"Interesting.... How come I was not invited to this Dinner??!??
Don't put too much into that Arm's Length Transaction thing as being the standard norm going on...
Just closed a deal where the homeowners were allowed to stay as…"
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October 5, 2011
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