Do you think your 401K is safe? Attorneys have told me in the past that short sale lenders won’t touch your retirement money. Guess what?…
ContinueAdded by Wendy Rulnick on July 25, 2009 at 7:34am — 1 Comment
We all make mistakes, but this was a big one, by a big corporation... I was in negotiations for a short sale on a Crestview, Florida listing. My sellers owed Countrywide/Bank of America about $175,000 as the senior lien and around $25,000 to Citi Financial as the junior lien. The sale price was a spot-on $150,000.
Bank of America asked for a promissory note of $5000. Although my…
ContinueAdded by Wendy Rulnick on July 25, 2009 at 7:00am — 5 Comments
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