Bank turned down Short Sale for $140,000 and got $40,000 as Foreclosure
This time I decided to act. As a Realtor in Jacksonville I hear these stories all the time. We need to document them and make it public. This is not right.
The Banks are turning down good Short Sale offers and ending up getting significantly less as a Foreclosure. Hurting the Seller in the process. Opening them to additional tax on forgiven debt and additional liability for deficiency that will hang over their heads for 5 years.
Help me make this public. If you or a friend had a home with a short sale offer that the bank refused and later sold for less money, please call or email me.
Posted at 02:21PM Jan 02, 2011 by Linda Bayles in General | Comments[0]
