A Short Brief Short Sale Q&A Question #1: When doesn’t a homeowner care what their home sells for? Answer: When they’re not receiving the proceeds. Question #2: When does a homeowner not care what the Realtor’s commission is? Answer: When they’re not paying it. Question #3: When do both of the above apply? Answer: In...Read More
Why Aren’t More Banks Pursuing Deficiencies? It’s the housing market equivalent of “the dog that didn’t bark”: with hundreds of thousands of homeowners nationally on the hook for mortgage deficiencies in the wake of short sales and foreclosures, why aren’t more banks trying to collect? Anecdotally, there appear to relatively few such actions, leaving lawyers, Realtors, and...Read More
