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All Tags » Short Sale Lenders (RSS)
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At this time last year, Bank of America was on my black list for short
sales. I would still work with short sale clients that had Bank of
America loans, but I had to make an extra effort to mentally and
emotionally prepare sellers for a process that could take six months to
a year from signing the listing to signing closing papers.
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I specialize in short sales, and I’ve observed many actions by banks
that seem to defy logic. This particular experience is no exception.
A while back, I had a short sale listing that was being negotiated with
the bank at $300,000. The buyer ended up backing out right before we
received the short sale approval, because ...
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If you were asked who your lender is—who actually owns your
mortgage, what would your answer be? Your mortgage statement may come
from Wells Fargo, Aurora Loan Services, Select Portfolio Servicing, or
some other lender, so they must own the loan, right? It’s easy to
assume that the company listed on your mortgage ...
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