Comments on: A Lot of Banks are Making Sure a Short Sale Benefits Them http://blog.roost.com/2009/06/30/lot-banks-making-short-sale-benefits/ Real Estate Search From Roost.com Thu, 19 Nov 2009 17:44:53 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: <img class="identicon" src="http://www.gravatar.com/avatar.php?gravatar_id=4c040a1fd58a189b4cd270e5d40b991d&size=35&default=http://blog.roost.com/wp-content/plugins/identicon/f2d14472aafe88a.png" alt="Loan Modification Identicon Icon" height="35" width="35" /> Loan Modification http://blog.roost.com/2009/06/30/lot-banks-making-short-sale-benefits/comment-page-1/#comment-995 Loan Modification Identicon Icon Loan Modification Tue, 14 Jul 2009 17:24:29 +0000 http://blog.roost.com/?p=1908#comment-995 Thank you for providing this useful information. Thank you for providing this useful information.

]]> By: <img class="identicon" src="http://www.gravatar.com/avatar.php?gravatar_id=e20392ba75b840485dd15fa9ea57d42f&size=35&default=http://blog.roost.com/wp-content/plugins/identicon/1953048a2b2b0d6.png" alt="John, Remax Vancouver WA Identicon Icon" height="35" width="35" /> John, Remax Vancouver WA http://blog.roost.com/2009/06/30/lot-banks-making-short-sale-benefits/comment-page-1/#comment-982 John, Remax Vancouver WA Identicon Icon John, Remax Vancouver WA Thu, 09 Jul 2009 15:25:52 +0000 http://blog.roost.com/?p=1908#comment-982 Our Short-Sale Team here in Vancouver Washington is seeing that much more often, where the first-note holder, and perhaps more often the second-note holder will allow the short sale to go forward BUT not waive their right to pursue a deficiency judgement. The truly vexing part is we are finding out about this in the middle of a transaction.<br><br>This may often leave the seller hoping to avoid foreclosure, stopping the transaction. This leaves frustrated buyers, sellers and real estate agents, unless we as the listing agents can push-back with the banks and obtain in writing their waiver on pursuing a deficiency judgement. Our Short-Sale Team here in Vancouver Washington is seeing that much more often, where the first-note holder, and perhaps more often the second-note holder will allow the short sale to go forward BUT not waive their right to pursue a deficiency judgement. The truly vexing part is we are finding out about this in the middle of a transaction.

This may often leave the seller hoping to avoid foreclosure, stopping the transaction. This leaves frustrated buyers, sellers and real estate agents, unless we as the listing agents can push-back with the banks and obtain in writing their waiver on pursuing a deficiency judgement.

]]> By: Top 5 real estate posts of the day 7/1/2009 http://blog.roost.com/2009/06/30/lot-banks-making-short-sale-benefits/comment-page-1/#comment-868 Top 5 real estate posts of the day 7/1/2009 Wed, 01 Jul 2009 15:41:17 +0000 http://blog.roost.com/?p=1908#comment-868 [...] A lot of banks are making sure a short sale benefits them – Banks are starting to make sure in a short sale situation they are not left holding the big [...] [...] A lot of banks are making sure a short sale benefits them – Banks are starting to make sure in a short sale situation they are not left holding the big [...]

]]> By: <img class="identicon" src="http://www.gravatar.com/avatar.php?gravatar_id=3d945d79eb6e789abc690f63487fe307&size=35&default=http://blog.roost.com/wp-content/plugins/identicon/96f1d6e4d758d50.png" alt="DaleChumbley Identicon Icon" height="35" width="35" /> DaleChumbley http://blog.roost.com/2009/06/30/lot-banks-making-short-sale-benefits/comment-page-1/#comment-871 DaleChumbley Identicon Icon DaleChumbley Wed, 01 Jul 2009 14:24:38 +0000 http://blog.roost.com/?p=1908#comment-871 Great food for thought! I always tell sellers who may find themselves in this situation to seek advice from their tax advisor and/or real estate attorney. The fine print can get you really bad in this situation. Great advice Roost! Great food for thought! I always tell sellers who may find themselves in this situation to seek advice from their tax advisor and/or real estate attorney. The fine print can get you really bad in this situation. Great advice Roost!

]]> By: <img class="identicon" src="http://www.gravatar.com/avatar.php?gravatar_id=478e4cd204db5563bef21a0fcf2626a0&size=35&default=http://blog.roost.com/wp-content/plugins/identicon/05a6df174b0b775.png" alt="Cosmin C Identicon Icon" height="35" width="35" /> Cosmin C http://blog.roost.com/2009/06/30/lot-banks-making-short-sale-benefits/comment-page-1/#comment-870 Cosmin C Identicon Icon Cosmin C Wed, 01 Jul 2009 05:01:19 +0000 http://blog.roost.com/?p=1908#comment-870 Great ! Great !

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