I made an offer back in May on a place that went stealth w/no word. Turned out the owner had a change of heart and was trying to make some payments, but then first week December the bank took it back, so that short sale is not going to happen. Now waiting for the bank to do the cash for keys and list it, meanwhile, last I checked, the guy was still living there, though recently had a garage sale.

Made an offer couple weeks ago on another short sale. No word. Not contingent yet. Not owner occupied. Rental.

I have seen the banks taking more properties back lately. It’s looking like the average is about 8 months from the date of NOD.

I made an offer back in May on a place that went stealth w/no word. Turned out the owner had a change of heart and was trying to make some payments, but then first week December the bank took it back, so that short sale is not going to happen. Now waiting for the bank to do the cash for keys and list it, meanwhile, last I checked, the guy was still living there, though recently had a garage sale.

Made an offer couple weeks ago on another short sale. No word. Not contingent yet. Not owner occupied. Rental.

I have seen the banks taking more properties back lately. It’s looking like the average is about 8 months from the date of NOD.

I made an offer back in May on a place that went stealth w/no word. Turned out the owner had a change of heart and was trying to make some payments, but then first week December the bank took it back, so that short sale is not going to happen. Now waiting for the bank to do the cash for keys and list it, meanwhile, last I checked, the guy was still living there, though recently had a garage sale.

Made an offer couple weeks ago on another short sale. No word. Not contingent yet. Not owner occupied. Rental.

I have seen the banks taking more properties back lately. It’s looking like the average is about 8 months from the date of NOD.

Maybe your short sale isn’t going through because you haven’t upped the payola yet?

Big Banks Accused of Short Sale Fraud

Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks.

I was first alerted to this by Jeremy Brandt, the CEO of several companies that bring short sale agents, investors and sellers together.

http://www.cnbc.com/id/34877347/

Maybe your short sale isn’t going through because you haven’t upped the payola yet?

Big Banks Accused of Short Sale Fraud

Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks.

I was first alerted to this by Jeremy Brandt, the CEO of several companies that bring short sale agents, investors and sellers together.

http://www.cnbc.com/id/34877347/

Ah, I might have known some more behind the scenes shenanigans. I’d like to say “Unbelievable,” but nothing surprises me at this point.

Thanks goodness I’m happy to rent where I’m at. It’s very ugly out there.

Ah, I might have known some more behind the scenes shenanigans. I’d like to say “Unbelievable,” but nothing surprises me at this point.

Thanks goodness I’m happy to rent where I’m at. It’s very ugly out there.