Home › Forums › Closed Forums › Buying and Selling RE › Short Sale Experiences
- This topic has 150 replies, 16 voices, and was last updated 16 years, 11 months ago by
Anonymous.
-
AuthorPosts
-
August 29, 2008 at 11:18 PM #263712August 29, 2008 at 11:19 PM #263415
urbanrealtor
ParticipantI mean not necessarily progress but when a lender is slow and the listing agent is on top of it this can occur.
August 29, 2008 at 11:19 PM #263624ParticipantI mean not necessarily progress but when a lender is slow and the listing agent is on top of it this can occur.
August 29, 2008 at 11:19 PM #263628ParticipantI mean not necessarily progress but when a lender is slow and the listing agent is on top of it this can occur.
August 29, 2008 at 11:19 PM #263681ParticipantI mean not necessarily progress but when a lender is slow and the listing agent is on top of it this can occur.
August 29, 2008 at 11:19 PM #263718ParticipantI mean not necessarily progress but when a lender is slow and the listing agent is on top of it this can occur.
August 30, 2008 at 5:57 AM #263460Anonymous
Guest[quote=Aecetia]Bingo. It looks bad and they do not want a panic mentality with their investors. It also might get them investigated.[/quote]
Yes, though it might be better to simply get all the failing properties off the books and be done with. Don’t those appear as losses as well? That, and it would be nice if the banks would just take the pain so the whole meltdown ends a little quicker.
August 30, 2008 at 5:57 AM #263668Guest[quote=Aecetia]Bingo. It looks bad and they do not want a panic mentality with their investors. It also might get them investigated.[/quote]
Yes, though it might be better to simply get all the failing properties off the books and be done with. Don’t those appear as losses as well? That, and it would be nice if the banks would just take the pain so the whole meltdown ends a little quicker.
August 30, 2008 at 5:57 AM #263673Guest[quote=Aecetia]Bingo. It looks bad and they do not want a panic mentality with their investors. It also might get them investigated.[/quote]
Yes, though it might be better to simply get all the failing properties off the books and be done with. Don’t those appear as losses as well? That, and it would be nice if the banks would just take the pain so the whole meltdown ends a little quicker.
August 30, 2008 at 5:57 AM #263726Guest[quote=Aecetia]Bingo. It looks bad and they do not want a panic mentality with their investors. It also might get them investigated.[/quote]
Yes, though it might be better to simply get all the failing properties off the books and be done with. Don’t those appear as losses as well? That, and it would be nice if the banks would just take the pain so the whole meltdown ends a little quicker.
August 30, 2008 at 5:57 AM #263762Guest[quote=Aecetia]Bingo. It looks bad and they do not want a panic mentality with their investors. It also might get them investigated.[/quote]
Yes, though it might be better to simply get all the failing properties off the books and be done with. Don’t those appear as losses as well? That, and it would be nice if the banks would just take the pain so the whole meltdown ends a little quicker.
December 31, 2008 at 4:34 AM #321755GuestA very interesting event occurred looking at a short sale in Florida with GMAC. The owner of home didn’t want to bother paying on his home any longer so he had an individual call GMAC pretending to be himself. I am sure everything told them was fabrication. to my surprise, GMAC forgave 103,000 and the next day, the same person put a bid on a new home with another lender-now having purchased this home. What a shame, GMAC can do this and lose taxpayer money, since now they have also been bailed out. Does anyone make any sense to this? Is this the usual end of a short sale?
December 31, 2008 at 4:34 AM #322100GuestA very interesting event occurred looking at a short sale in Florida with GMAC. The owner of home didn’t want to bother paying on his home any longer so he had an individual call GMAC pretending to be himself. I am sure everything told them was fabrication. to my surprise, GMAC forgave 103,000 and the next day, the same person put a bid on a new home with another lender-now having purchased this home. What a shame, GMAC can do this and lose taxpayer money, since now they have also been bailed out. Does anyone make any sense to this? Is this the usual end of a short sale?
December 31, 2008 at 4:34 AM #322159GuestA very interesting event occurred looking at a short sale in Florida with GMAC. The owner of home didn’t want to bother paying on his home any longer so he had an individual call GMAC pretending to be himself. I am sure everything told them was fabrication. to my surprise, GMAC forgave 103,000 and the next day, the same person put a bid on a new home with another lender-now having purchased this home. What a shame, GMAC can do this and lose taxpayer money, since now they have also been bailed out. Does anyone make any sense to this? Is this the usual end of a short sale?
December 31, 2008 at 4:34 AM #322176GuestA very interesting event occurred looking at a short sale in Florida with GMAC. The owner of home didn’t want to bother paying on his home any longer so he had an individual call GMAC pretending to be himself. I am sure everything told them was fabrication. to my surprise, GMAC forgave 103,000 and the next day, the same person put a bid on a new home with another lender-now having purchased this home. What a shame, GMAC can do this and lose taxpayer money, since now they have also been bailed out. Does anyone make any sense to this? Is this the usual end of a short sale?
-
AuthorPosts
- The forum ‘Buying and Selling RE’ is closed to new topics and replies.
