On Ounce of Prevention....May Save Your Sellers Some $$$$ - Short Sale Superstars2024-03-29T10:41:30Zhttp://shortsalesuperstars.com/forum/topics/on-ounce-of-preventionmay-save?commentId=3468065%3AComment%3A10932&feed=yes&xn_auth=noFantastic! I just had a homeo…tag:shortsalesuperstars.com,2010-08-23:3468065:Comment:445802010-08-23T21:03:19.531ZDeanna Dopslafhttp://shortsalesuperstars.com/profile/DeannaDopslaf
Fantastic! I just had a homeowner who had a mortgage with Wells Fargo and all of his banking with Wells Fargo. At the end of July 2010, right after both his and his ex-wife's payroll hit their personal banking accounts, Wells Fargo "transferred" their entire balances from banking and savings to cover the late payments on the mortgage! This left them without a dime to live on and Wells Fargo claimed their banking agreements gave WF the right to do this. We are still working on this issue. So…
Fantastic! I just had a homeowner who had a mortgage with Wells Fargo and all of his banking with Wells Fargo. At the end of July 2010, right after both his and his ex-wife's payroll hit their personal banking accounts, Wells Fargo "transferred" their entire balances from banking and savings to cover the late payments on the mortgage! This left them without a dime to live on and Wells Fargo claimed their banking agreements gave WF the right to do this. We are still working on this issue. So before it is too late....transfer accounts! I just had a customer that st…tag:shortsalesuperstars.com,2010-08-07:3468065:Comment:422202010-08-07T16:41:51.932ZKaren Mathershttp://shortsalesuperstars.com/profile/KarenMathers
I just had a customer that stopped making their mortgage payments and the lender took the money out of their account to pay for the 2 months that were due. They have their bank account with the same bank that has their mortgage. Needless to say they changed bank accounts right away!
I just had a customer that stopped making their mortgage payments and the lender took the money out of their account to pay for the 2 months that were due. They have their bank account with the same bank that has their mortgage. Needless to say they changed bank accounts right away! Great advice. Thank you will…tag:shortsalesuperstars.com,2010-07-15:3468065:Comment:379412010-07-15T08:57:24.322ZShannon M Thomashttp://shortsalesuperstars.com/profile/ShannonMThomas
Great advice. Thank you will pass this along. Better safe then sorry.
Great advice. Thank you will pass this along. Better safe then sorry. I agree "better safe than sor…tag:shortsalesuperstars.com,2010-02-23:3468065:Comment:168202010-02-23T03:17:40.764ZSylvia Finocchiarohttp://shortsalesuperstars.com/profile/SylviaFinocchiaro
I agree "better safe than sorry"...its a little too close for comfort to have $$$ in the same bank you are late or defaulting on.<br />
Sylvia Finocchiaro, Certified Short Sale Negotiator - Scottsdale, Arizona
I agree "better safe than sorry"...its a little too close for comfort to have $$$ in the same bank you are late or defaulting on.<br />
Sylvia Finocchiaro, Certified Short Sale Negotiator - Scottsdale, Arizona Good post...Thanks!tag:shortsalesuperstars.com,2010-01-25:3468065:Comment:130612010-01-25T04:37:25.979ZElizabeth Monjehttp://shortsalesuperstars.com/profile/ElizabethMonje
Good post...Thanks!
Good post...Thanks! Whatever happened to the idea…tag:shortsalesuperstars.com,2010-01-16:3468065:Comment:119562010-01-16T08:31:25.899ZJim Halehttp://shortsalesuperstars.com/profile/JimHale
Whatever happened to the idea that a bank had a fiduciary duty to it's depositors?<br />
<br />
If this is legal in any state, it should not be. It's not in mine....without a judgement.
Whatever happened to the idea that a bank had a fiduciary duty to it's depositors?<br />
<br />
If this is legal in any state, it should not be. It's not in mine....without a judgement. And, then, since I did my pos…tag:shortsalesuperstars.com,2010-01-11:3468065:Comment:113822010-01-11T14:31:21.106ZTracy Howardhttp://shortsalesuperstars.com/profile/TracyHoward
And, then, since I did my posting a half hour ago, I just got a call from one of my sellers saying money has been removed from their bank account by the foreclosing lender. Here we go!
And, then, since I did my posting a half hour ago, I just got a call from one of my sellers saying money has been removed from their bank account by the foreclosing lender. Here we go! Wow, Sally and David, great i…tag:shortsalesuperstars.com,2010-01-11:3468065:Comment:113792010-01-11T13:56:09.916ZTracy Howardhttp://shortsalesuperstars.com/profile/TracyHoward
Wow, Sally and David, great information. I haven't seen this YET here in Denver, but thanks for the heads up. I have put a notation in my pre-listing package to be sure to discuss this with my sellers, and get them moving toward emptying out any accounts with their lending bank. Great info!<br />
<br />
Tracy Howard, CDPE<br />
Keller Williams Realty Downtown<br />
Denver, CO
Wow, Sally and David, great information. I haven't seen this YET here in Denver, but thanks for the heads up. I have put a notation in my pre-listing package to be sure to discuss this with my sellers, and get them moving toward emptying out any accounts with their lending bank. Great info!<br />
<br />
Tracy Howard, CDPE<br />
Keller Williams Realty Downtown<br />
Denver, CO Richard, How can this be lega…tag:shortsalesuperstars.com,2010-01-08:3468065:Comment:111522010-01-08T13:19:20.485ZWendy Rulnickhttp://shortsalesuperstars.com/profile/WendyRulnick
Richard, How can this be legal?<br />
<br />
<cite>Richard Zaretsky said:</cite><blockquote cite="http://www.shortsalesuperstars.com/forum/topics/on-ounce-of-preventionmay-save?commentId=3468065%3AComment%3A11120&xg_source=msg_com_forum#3468065Comment11120"><div>HOLD YOUR HATS!<br/><br/>A client came in today and told me that Bank of America, on a 2nd mortgage equity line, brought his loan current by making - no TAKING - a cash advance on his credit card with the same bank!</div>
</blockquote>
Richard, How can this be legal?<br />
<br />
<cite>Richard Zaretsky said:</cite><blockquote cite="http://www.shortsalesuperstars.com/forum/topics/on-ounce-of-preventionmay-save?commentId=3468065%3AComment%3A11120&xg_source=msg_com_forum#3468065Comment11120"><div>HOLD YOUR HATS!<br/><br/>A client came in today and told me that Bank of America, on a 2nd mortgage equity line, brought his loan current by making - no TAKING - a cash advance on his credit card with the same bank!</div>
</blockquote> That's a new variation....and…tag:shortsalesuperstars.com,2010-01-08:3468065:Comment:111212010-01-08T02:13:09.166ZSally K. & David L. Hansonhttp://shortsalesuperstars.com/profile/SallyKDavidLHanson539
That's a new variation....and a good alert.....! Mattress money is the only safety net until it's over....and I would think that if any sellers are charged with part of a deficiency, they need to find another banking institution as well.
That's a new variation....and a good alert.....! Mattress money is the only safety net until it's over....and I would think that if any sellers are charged with part of a deficiency, they need to find another banking institution as well.