Browsing the archives for the Disclosure tag
Over the weekend, Freddie Mac published an informational article discussing what it has called, “Short Payoff Fraud”. This article tipped off quite a bit of anxiety among investors and agents. Many are suggesting that this new classification of “Fraud” effectively eliminates the A to B – B to C transactions which investors often use to [...]
Another new article in CNN today discusses one of the big potential downsides to the homeowner in a short sale transaction – the handling of the deficiency judgment. As always, disclosure is so important – the homeowner absolutely needs to know what is going on with the written-off portion of the mortgage. Normally, for a [...]
