Twitter Counter

USA Short Sales: Why Do Bank Negotiators Break The Rules?

Northeast OH – We had a negotiator at Bank of America try to push us around a little while ago. We’ve studied and analyzed all of the short sale guidelines and rules.

This was an FHA loan and therefore would be governed by FHA’s Short Sale Guidelines. This means that the lender must follow . . . → Read More: Northeast OH Short Sales: Why Do Bank Negotiators Break The Rules?

Why Do Northeast OH Short Sales Negotiators Break The Rules?

Northeast OH – An agent with the Stop Foreclosure Institute recently had a short sale negotiator lie to them. We have spent the last 6 months figuring out all the rules for short sales on different loan types.

The rules are different for an FHA Short Sale, a VA Short Sale, and a Fannie . . . → Read More: Why Do Northeast OH Short Sales Negotiators Break The Rules?

Northeast Ohio Short Sales: A Little Known Fact About Short Sale Negotiators

Northeast OH – A negotiator at a large bank tried to mislead a Stop Foreclosure Institute Member. She really got on our nerves.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

You see, we’ve spent the last few years figuring out all the guidelines for short sales. . . . → Read More: Northeast Ohio Short Sales: A Little Known Fact About Short Sale Negotiators

Judges finally responding to fraud in their courts

ou can’t possibly be serious….. Today, in 2010, we still have NINJA loans? Oh, and for good measure, we have I/Os (bad enough) and worse, no-ratio loans (which I would argue are presumptively entered into in bad faith, as there is no attempt made to determine ability to pay.) . . . → Read More: Judges finally responding to fraud in their courts

What is foreclosuregate?

Second: The assertion is made that there was fraud in the inducement in all of these loans, in that there is an implied duty of dealing in good faith in all contracts that was violated by the banks that made knowingly bad loans – which we now have sworn testimony on. While this is not settled by any means, there is currently pending litigation on this point, and if this approach wins, well, then you go – those contracts are voidable. . . . → Read More: What is foreclosuregate?