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Permalink Reply by joe beauchamp on November 8, 2013 at 5:48am

I don't think NY is a biggie, but there is plenty out here about them going a long way to force you to use auction.com and sellers, buyers, agents being screwed over by auction.com. My last time, I only had 1 question about using auction.com on a form for the seller. They got a NO. I don't know if it was a phase or the investor or what, but that was the end of it for me. Not what others are seeing. If yours in FHA and they push auction.com, go to HUD and complain. HUD does not approve of auction.com. Is that a hint? Auction.com could be a book by itself, ignoring your contract, getting auction buyers at less than current contract, hitting the seller for kickback, cutting your commission, forcing you to have showings. Yep, the essence of evil in banking (or 3rd world payoff's, etc., I suppose..).

My last one with NStar went very well. It was xfered from BofA so I expected a complete restart. Instead, they just continued to close. Was very happy with that and unexpected.

NStar has in the past also given buyer forms to fill out to apply for NStar loans. If you complain, they will say that they just need the info and are not demanding that the buyer get the loan from NStar. I assume they are trying to steal business from the buyers mortgage companies. NStar can be more smarmy than the other banks in that regard.

Permalink Reply by joe beauchamp on November 8, 2013 at 6:27am

A decent exposure of auction.com http://www.realestatejunkie.com/blog/nationstar-and-auction-com-tak...