Below is a link to an article about alleged short sale fraud being committed by some banks. As you can see, the allegation is that when holding a second deed of trust against a property, the banks are asking for extra money "on the side," meaning off the HUD-1 and without the knowledge of the first lien holder. Of course, this is exactly what I have been talking about and warning warning my clients against.
I enjoy keeping you informed and on the cutting edge when discussing your real estate needs with others. Please call or email me if you have any questions or wish to discuss this topic further, 949.922.8148.
Big Banks Accused of Short Sale Fraud - CNBC
I enjoy keeping you informed and on the cutting edge when discussing your real estate needs with others. Please call or email me if you have any questions or wish to discuss this topic further, 949.922.8148.
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