So I thought I'd point you in the direction of some of the information out there that I base my business model on, and more importantly, fuel my Rants from time to time. Honestly, I couldn't make this stuff up (I'm good, but not even I could imagine some of the shennanigans that banks think up to snarl the short sale process...)
Here are some directions to the original research that I use to fuel my inner fire...click away...I know you'll come back to me...you always do!
- Just what exactly is a "Short Sale"? This article is a great summary. It's a little dated, but was updated last year and is still a good starting place to understand the who/what/why of the process http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/UseAShortSaleToEscapeForeclosure.aspx
- Do the banks really deliver somewhat less-than-stellar customer service in the short sale environment? Don't believe me? Check out http://articles.sfgate.com/2007-08-12/business/17255730_1_short-sales-lender-approval-buyers
- Lastly, several readers asked about my recent rant about the promissory notes that lenders are asking owners to sign to approve a short sale. Read more about them at http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/07/13/story15.html
So, whaddya think of me now? It's ok, I know you had to spread your wings and soar...and I know I'll see you next week, ya Rebel!!
Stay rebellious!!
-Larry
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