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Real Estate Marketing - Taxes on Short Sale, Loan Modification and Foreclosure - Part 8 Posted by: REMarketingThisWeek
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By: REMarketingThisWeek. on 01 Aug 11, 14:43:48
@alexnds1 - I don't know if its intentional or incompetence, but I know the system is broken and the? gov't intervention to date has only made it worse.
By: alexnds1. on 25 Apr 11, 01:26:21
The legal department, that handles foreclosure as a legal matter is a separate and disconnected entity from the loan-modification department. I'm also a licensed RE agent and handled 5 short sales and I'm convinced the banks deliberately delay short sale approval until the buyer gets frustrated after 5 months of waiting and walks away. They would rather foreclose and take property into REO. I'm also convinced? they deliberately deny loan modification.