Tuesday, December 7, 2010

Short Sale almost Killed by Servicer Greed

Here is a good example of this happening. A real estate agent had a short sale with one of the largest lenders in America. The short sale negotiator said that they would not approve the short sale unless the seller came to closing with 50k cash. The sellers said no way.

Turns out the negotiator was not following Fannie Mae’s Short Sale Guidelines

http://ping.fm/9bdRg

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