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Will Fannie Mae Still Dictate That Listing Agents Lie Too? 22 Feb 2013 | 02:32 am
On February 12 I pointed out on this blog how Bank of America was requiring listing agents to lie and violate their MLS rules by keeping short sales as “Active” even after there was a binding contract...
Bank of America Retracts Onerous Short Sale Listing Requirements 15 Feb 2013 | 11:56 am
It took a record short time of less than three days for Bank of America to respond to a groundswell of agent objections to retract an updated short sale listing requirement that appeared to require li...
Bank of America New Rule Requires Short Sale Listing Agents to Lie 12 Feb 2013 | 10:50 pm
Not only does an updated Bank of America short sale listing rule require the short sale listing agent to lie, it also dictates that they breach their MLS rules and put their sellers’ property and pers...
Agents Face High Risks with Bank of America New TPA 3 Apr 2012 | 06:06 am
Real estate agents (and attorneys) soon will be held legally responsible for reading the corporate mind of Bank of America. Fortunately for everyone else, they will not be allowed to even communicate ...
Agents Face High Risks with Bank of America New TPA 3 Apr 2012 | 02:06 am
Real estate agents (and attorneys) soon will be held legally responsible for reading the corporate mind of Bank of America. Fortunately for everyone else, they will not be allowed to even communicate ...
Do Short Sales Net Banks 24% More Than Foreclosures? 28 Feb 2012 | 07:07 am
Despite the ”professional” statisticians analyzing the distressed property markets, one independent brokerage decided to gather the facts themselves. They concluded that in 2011 bank owned foreclosure...
Do Short Sales Net Banks 24% More Than Foreclosures? 27 Feb 2012 | 10:07 pm
Despite the ”professional” statisticians analyzing the distressed property markets, one independent brokerage decided to gather the facts themselves. They concluded that in 2011 bank owned foreclosure...
Can a “Note Buyer” Help Your Short Sale? 22 Feb 2012 | 12:22 pm
For the last several years private investors buying mortgage notes to facilitate short sales have been a quiet force for effective transactions outside of California. This practice is becoming increas...
Can a “Note Buyer” Help Your Short Sale? 22 Feb 2012 | 07:22 am
For the last several years private investors buying mortgage notes to facilitate short sales have been a quiet force for effective transactions outside of California. This practice is becoming increas...
Why Freddie Mac Lied About Short Payoff Fraud 16 Feb 2012 | 08:21 am
For nearly two years now we’ve heard Freddie Mac attacking private real estate investors who want to buy and resell short sale and REO properties as engaging in “fraud.” They have repeated this lie so...
