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What are your thoughts on this article from DSNews? In my area this was not true in 2011 - we saw short sales become much quicker to close and sale prices well below market value. Our Foreclosure properties generally are receiving multiple offers and going at or over list price.
To avoid losing homes to foreclosure due to long response times for short sale transactions, three senators introduced legislation to speed up the short sale…
Freddie Mac starts new First Look Program which allows homebuyers 15 days to purchase a HomeSteps REO home before investors can write an offer.
In addition to owner-occupant buyers searching for their primary residence, Freddie Mac’s First Look 15-day window is open to buyers who are part of HUD’s Neighborhood Stabilization Program (NSP), as well as…Continue
NAR is out to take the valuation money through the new HAFA program. Looks like appraisers could take another blow. Is short sale fraud the next big dirty deed from the industry? Modification? Short sale? Which is best?Continue
This same information, but given in a two hour presentation by a totally different source, is a real eye opener of the level of deception being fed to us.
The attached video talks about just one of the 'Sweetheart' deals the FDIC has made. It has similar deals with over 52 banks.
So all the talk about Loan Mods......Window Dressing.
According to DSNews, which by the way has no article about the back door deals being made, but does have several…Continue