Tough issue. There is a legal side and a financial side. From a legal perspective, we need to advise our clients (the seller...not the lender) by giving our best informed advise as to which offers…Continue
I have a short sale that has been approved by all lenders, buyer is ready and we found a California Franchise Tax Board lien on the property at the 11th hour. It is complex but the borrower at one…Continue
I have never run into anything like this before! If anyone else has, please let me know.
An agent of mine listed a Short Sale with two lenders. We received the short sale approval from the second lender and had dilligently worked with the first lender, ING Direct. We supplied a complete package on day 1, everything was included. By day 60 and after numerous emails, the only results we had were "offer X amount (which was almost 15% above market" and there is no option we…Continue