Comments - GMAC Interfering in Short Sale Contracts. - Short Sale Superstars2024-03-28T23:58:31Zhttp://shortsalesuperstars.com/profiles/comment/feed?attachedTo=3468065%3ABlogPost%3A15686&xn_auth=noThat's funny I just read this…tag:shortsalesuperstars.com,2010-02-21:3468065:Comment:165602010-02-21T01:24:12.323ZLynn Pinedahttp://shortsalesuperstars.com/profile/LynnPineda
That's funny I just read this post tonight from Richard and my thoughts exactly.....in the event of a Buyer defaulting I'm entitled to 50% of the Buyers deposit and I have collected on this. Now GMAC thinks that this is owed to them?! Come on...enough is enough. I agree either approve or reject but to be entitled to the defaulted Buyer's deposit can't be allowed. The Seller's Lender isn't a party of the contract to demand such, I'd think. Boy, I'd like to know the legal aspects of this. Love…
That's funny I just read this post tonight from Richard and my thoughts exactly.....in the event of a Buyer defaulting I'm entitled to 50% of the Buyers deposit and I have collected on this. Now GMAC thinks that this is owed to them?! Come on...enough is enough. I agree either approve or reject but to be entitled to the defaulted Buyer's deposit can't be allowed. The Seller's Lender isn't a party of the contract to demand such, I'd think. Boy, I'd like to know the legal aspects of this. Love how these Lenders think they come up with a good idea and then go for it. What's next? If the buyer walks the deposi…tag:shortsalesuperstars.com,2010-02-20:3468065:Comment:164512010-02-20T02:56:36.932ZJanet Nationhttp://shortsalesuperstars.com/profile/JanetNation
If the buyer walks the deposit should stay with the seller or agents in my opinion.
If the buyer walks the deposit should stay with the seller or agents in my opinion.