Home › Forums › Housing › Rumor – is CW reselling properties back to borrowers as short sales? › Yeah you got it. you buy a
Yeah you got it. you buy a house 500k
you can’t afford it so you go into default
Bank then allows you to sell it fror 400k as a short sale
You buy it off the bank for 400k.
This would never be kept a secret for long nor would any shareholders stand for this. It’s just a rumor.
