Bryant Tutas's Blog – March 2010 Archive (3)

We're NOT signing a promissory note!

I've got news for ya. You already did. When you purchased the property. You signed two documents. The mortgage. That created the lien and gave the lender the right to foreclose on your property (their collateral). And, you signed a promissory note. That was/is your personal promise to pay back the money you borrowed.



The Short Sale releases the lien (mortgage). It may or may not…

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Added by Bryant Tutas on March 25, 2010 at 11:00pm — 1 Comment

Bank of America and Equator Make it Personal. So prepare your buyers.

Hi Folks. Recently I have had two Buyers balk at providing me personal info I need if they want to purchase a Bank of America Short

Sale. I really do understand where they coming from but....most of the

big lenders including Bank of America and GMAC are now running most of

their short sales through http://www.Equator.com.…

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Added by Bryant Tutas on March 20, 2010 at 2:07am — 8 Comments

Does Equator have you frustrated yet? We want to know your thoughts.

Hi folks. If you deal with short sales on a regular basis then you probably know by now that most of the major lenders are now requiring the transaction to be

processed through the Equator

system. …



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Added by Bryant Tutas on March 8, 2010 at 2:30am — 8 Comments

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