The second phone call I got was from a Massachusetts agent who told me he doesn’t even submit purchase contracts to the lender, but can get an approval. WHAT?!?!? After digging a bit further, I discovered he only submitted the “offer to purchase” – His reasoning was, why should we involve the lawyers up front. I almost fell off my chair.
Month: July 2011
Confusion about short sale fraud, flipping, flopping and the legality of it all!!
*First before I start this post my disclaimer is – I’M NOT A LAWYER SO TAKE NOTHING AS LEGAL ADVICE* now you may proceed It amazes me when I read articles, newsletters, and blogs to see the amount of confusion about short sales and the “Flip” process. Even at the end of last year Fannie […]
More bad news for HAFA short sale program for Massachusetts and New Hampshire Homeowners
I have made it clear I am NOT a fan of HAFA. Since its inception it has been plagued with issues. I have a homeowner we are currently working with in New Hampshire who really wanted to try for a HAFA short sale, so we went to work. This short sale was serviced by Chase. […]