Comments on: Some Major Bank Mergers For Short Sales

By: foreclosure short sales

foreclosure short sales — Sat, 25 Jul 2009 16:40:12 +0000

Without knowing the style of the banks one can’t understand the short sale negotiations.

By: Cary NC Real Estate

Cary NC Real Estate — Thu, 23 Jul 2009 06:31:02 +0000

I agree with Carolyn. You would think they would make this information more public so real estate agents, customers, etc can properly prepare for the change.

By: Carolyn

Carolyn — Wed, 22 Jul 2009 05:56:13 +0000

you would think that most people would know that these major banks have merged but it is amazing sometimes what people do not know. Seems difficult enough to know what bank may have bought out other banks but consumers really are better off working with agents who do keep track of these changes – banks seem to change their policies every week. It is something that agents working short sales need to keep up with.

By: Wohnen auf Zeit

Wohnen auf Zeit — Tue, 14 Jul 2009 11:09:59 +0000

Yes,in many cases the government is encouraging healthier banks to take over shaky or failing institutions. This can lead to previously sound mortgage applications being denied. Or your loan may ultimately go through, but it may take longer. If the process drags on too long, you may lose your rate lock and have to pay to extend it or risk getting stuck with a higher rate.

By: Carole

Carole — Fri, 10 Jul 2009 21:29:58 +0000

Thank you for your help!