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Wells Fargo Paper Pushers are a PAIN!
In the past several months, Wells Fargo has taken on a new policy wherein they want a copy of all lien releases for any outstanding liens on the property PRIOR to submitting the file to the negotiator for review. They are now pulling their own title work and reviewing it to make sure that all […]
YEAR-END BLOW OUT FOR SHORT SALES!
Experienced Negotiators, you and I, know that December is time to help the banks clear their books. Since many of the Bank Negotiators get bonuses, they want to see as many short sales close as possible in December. Recently, we fought on several deals wherein the Banks kept asking for higher counter offers. Holding off […]
Foreclosures Flying through Courts – Deficiency Judgments Soaring
In January of 2014, Florida passed a law that allowed the Banks to push their foreclosures through the court system faster than the normal 879 days that it used to take. I have seen foreclosures go through the court as quickly as 4 to 5 months because the Sellers, even though they do not have […]
Changes in Short Sales – Are you keeping up?
Every day the Banks are making minor and/or major changes on how they do short sales. What was once an easy short sale system now varies depending upon each Lender. Many lenders will want the Sellers to use their own in-house short sale package, even though my detailed generic package pushes the deals forward. Sellers […]
