Tags:
I just finish shorting 15 houses for an investor, GMAC even revised the note and it showed that the obligations were satisfied. Saxon had 7 of them and they shorted everyone and even paid the back taxes from 2008 on three of them because they were also due. Looks like Indy Mac is going to follow the lead from the rest of the banks.
I am working with an investor who has 30 homes at this time and so far so good 5 done and they are clear no prom notes or other cash out. However in both cases the investor did not have loads of cash in the bank...
In addition I explained to the other lenders that my client was in trouble with other lenders as well.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.