Current underwater owners have a NOT filed against them. It was filed in Jan. The NOD was last August. But they didn’t list the house till May.
I suspect this SS attempt is really an attempt to forestall the inevitable foreclosure.
It’s marked contingent – but that doesn’t mean the bank accepted it. They can *offer* a short sale price of anything they want… getting it approved is a whole ‘nuther thing.
Let’s say I owe $1M on my house… And let’s say the house is worth $600k. I can list my house for $200k, as a short sale, if I want and can find a willing realtor… But getting the bank to accept it is not realistic.
It’s the reverse of the wishing price sellers… Same house and I list it for $2M, even though it’s only worth $600k. I *can* list it for that. I won’t be able to *sell* it for that.
I don’t think there’s overt fraud… I think this is either a seller without a clue or a seller who is hoping to delay foreclosure.
Excellent measured response by UCGAL. They are simply trying to get something into the lender for processing. It will delay things at best and give the owners a few more months of free living.
Excellent measured response by UCGAL. They are simply trying to get something into the lender for processing. It will delay things at best and give the owners a few more months of free living.
Excellent measured response by UCGAL. They are simply trying to get something into the lender for processing. It will delay things at best and give the owners a few more months of free living.
Excellent measured response by UCGAL. They are simply trying to get something into the lender for processing. It will delay things at best and give the owners a few more months of free living.
