Wendy Cutrufelli's Blog – July 2012 Archive (1)

Bank United "charges" 1% for their Short Sales

This is certainly a new twist to an old problem. Bank United is the first lender on a California short sale. The negotiator is stating that Bank United "charges 1% for their short sale processing" (of their own non-performing asset). This 1% charge isn't disclosed anywhere in their short sale package, nor does the buyer have the additional 1% (over and above the repair costs they will be paying due to buying the home As-Is). Just another way to pick the pockets of…

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Added by Wendy Cutrufelli on July 9, 2012 at 1:10pm — 4 Comments

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Wendy Cutrufelli's Blog – July 2012 Archive (1)

Bank United "charges" 1% for their Short Sales

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