In spring of 2009 another agent referred me a listing in Lakewood, OH to sell on a short sale. The seller had lost her job and gotten a divorce. She got a new job but it was only minimum wage and not enough to maintain the $135,000 mortgage. The best offer available was an offer for $75,000. Washington Mutual delayed and lost our paperwork more 4 different times and several times arbitrarily turned down the offer. WaMU also went bankrupt and sold to Chase. After four months the buyer walked at the same time Chase was getting ready to accept our offer. . . . → Read More: Lakewood OH Short Sale Closes
 Leave a comment  Cleveland foreclosures, Cleveland short sales, Forclosure options, Short sale help  10 Years, Andy Morris, Credit Money, Different Times, Filing Bankruptcy, Foreclosure, Four Months, Lakewood Oh, Lakewood Ohio, Minimum Wage, New Job, Paperwork, Real Estate Broker, Several Times, Stake, Tax Credit, Time Chase, Title Attorney, Underwriters, Wamu, Washington Mutual The Wall Street Journal had on article here about Wells Fargo’s loan modification strategy for it’s portfolio of negative amortization “pick a pay” loans which allowed owners to make interest only payments or even less while the balance would grow and while equity has shrunk… especially in this market. Wells Fargo has nearly $107 . . . → Read More: Wells Fargo picks and prays re pick and pays Leave a comment Delay foreclosure, Forclosure options 10 Years, Amortization, Andy Morris, Borrowers, Catastrophe, Fannie Mae, Foreclosure, Guess, Interest Only Loans, Lenders, Loan Modification, Massive Debt, Money, Negative Amortization, Ohio Real Estate, People, real estate, Real Estate Broker, Wall Street, Wall Street Journal, Wells Fargo |
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