A community development corporation associated with a church approached me about doing forensic audits on my client loan documents. They claim there are error many times and that we can hold them over the head of the bank to pursuade them to move faster and/or approve a file on a short sale.
Of course, it costs money. Anyone have any thoughts, opinions, or experience with these.
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could not resist! anyway, the fiduciary responsibility alone would preclude this in my book..
whose information are you going to disclose to an outside party? who wll benefit, do you have permission from ALL parties to disclose private and confidential information, loan numbers, ss numbers, any other docs associated with the loan? How do you know the company is who they say they are, who benefits in the use of this knowledge? What are the policies of this company and disclosure of the information you provide etc etc etc! Huge can of worms..
somewhere I remember that asking for the original note is a good tactic. Most lenders cannot provide, as it was signed and sold and possibly bundled and sold again. Have not used that myself, not sure of the methodology..but there are many wiser and more savvy people on this site then me!
I am in Mn...have not pursued it, but have heard of it being used...have closed every short sale so far without resorting to researching that particular tactic! knock wood
Are you an agent? If so, why would you do that? (not being critical here) I just don't understand why they would not to to an attorney experienced in that field. What has that got to do with Short Sales? Again, not being critical, i just don't understand this whole thing
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